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Investor Presentaiton

or personal use only Aquila Resources API WPIOP-STAGE 1 Key Facts Stage 1 production capacity of 30Mtpa ❖ Definitive Feasibility Study due for completion Q4 CY2011 Mining Lease applications submitted Environmental approval of the mine and rail development recommended by the EPA ✰ Preferred Project Managing Contractor (PMC) identified Mining & Processing ❖ 3 mining hubs: north, central and south Rail Drill & blast, load and haul operation Overburden to Ore ratio of 1.13:1 Negotiations under way for a State Agreement for the Project railway PROJECT DETAILS LOCATION Stage 1: 70km south of Pannawonica in the Pilbara region of Western Australia ESTIMATED MINE LIFE At least 15 years from Stage 1 RESOURCES AND RESERVES (4) Resources (JORC) Measured: 209Mt @ 57.8% Fe, Indicated: 392Mt @ 56.2% Fe and Inferred: 86Mt @ 55.4% Fe Total Resources: 687Mt @ 56.6% Fe Reserves (JORC) Proved: 165.7Mt @ 58.0% Fe, Probable: 279.4Mt @ 56.5% Fe Total Reserves: 445.1 Mt @ 57.05% Fe PRODUCTS Direct ship channel iron and bedded iron fines AQUILA INTEREST 50% PROJECTED PRODUCTION RATE At least 30Mtpa from Stage 1
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