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Investor Presentaiton

For personal use only Aquila Resources Stage 1 WEST PILBARA IRON ORE PROJECT PANNAWO ICA West Pilbara Iron Ore Project ("WPIOP") has 3 stages: Stage 1 (Channel Iron - CID) Covers JVs with Red Hill Iron and Cullen and is the basis of the initial 30Mtpa mine development Incremental targets remain Stage 2 (Bedded Iron - BID) ā– Hardey Pre-feasibility Study completed for a 10Mtpa project * Development will be sequenced Stage 3 ā– Primary focus to identify additional CID and BID resources to increase infrastructure utility N mN 0 5 10 15 Kilometers 20 Red Hill Cochrane Jewel Cardo Bore East- Cardo Kens Bore Cardo Bore North Upper Cane Trinity Bore Mt Stuart Catho Well Australian Premium Iron JV WPIOP OVERVIEW Project Location t Tuckey Date: 29/03/2011 Version No: Scale 1:700,000 AS Projection Kumina Creek Robe Exit Stage 3 Stage 2 Hardey 7
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