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Investor Presentaiton

I BROWN'S REEF DRILLING STRATEGY Cobar COBAR PROJECT EL 0321 Sydney 435,000mE West Area #1 West Area #2 Proposed Northern RAB Program to test Airborne Electromagnetic Anomaly EL 6321 Woorar RARA Proposed BR North Follow-up Drillholes Proposed BR South Follow-up Drillholes West Area #4 Preston Formation West Area #3 Interpreted Preston Fm Structure Proposed Follow-up Drillhole EASTERN METALS 100mRL OmRL -100mRL -200mRL 15 1437.250mE EL 6321, Browns Reef Work Program Proposed RC/Diamond Drill Hole Target Zone 1437.5005 440,000mE Lake Cargelligo Syncline Nose Area Proposed Traverses of RAB Drilling 0 BS002A LC002 LC001 1437,750mE Proposed RC/Diamond Drill Hole Section 6,311,760N Target Zone Kilometre 437.500mE BRD005 437.750m 100mRL OmRU -100mRL At the southern end, are two intersections of high grade mineralisation in two holes: BD002A of 9.3 metres averaging 5.1% Zn, 2.8% Pb and 0.2% Cu, and BD005 of 3.7 metres averaging 5.8% Zn, 3.3% Pb and 0.8% Cu At the northern end hole BRD returned an intersection of 7.0 metres averaging 5.5% Zn, 2.3% Pb, 0.5% Cu, 20.2 g/t Ag and 0.5 g/t Au These high-grade intersections, which are open along strike and at depth, appear not to have been followed up at depth and present attractive targets Western limb returned highly anomalous results from aircore drilling through basalt cover Western limb and 'noses" in north and south of syncline remains undrilled Higher grade copper and gold detected at depth Section 6,312,060N EASTERN METALS
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