Investor Presentaiton
Aquila
Resources
China Development Bank
* Debt funding negotiations with CDB nearing conclusion
Expected to execute a term sheet before the end of the year
for personal use only
FINANCING
Washpool Hard Coking Coal Project
Following short-listing of bidders and detailed due diligence, a concluded sale agreement is expected before
end 2011
Avontuur Manganese Project
* Currently short-listing bidders and finalising the DFS
* Detailed due diligence and site visits commencing in December 2011 with binding bids expected early 2012
Belvedere Hard Coking Coal Project
Legal action by Vale to set aside the initial fair market valuation prepared for Aquila was struck out by the
Supreme Court in June 2011
Strike out was appealed by Vale and Court of Appeal decision is pending
* Determining Valuer appointment to follow once position re initial valuation ascertained
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