Rex Presentation. SA Explorers Conference. Steven Olsen. Website: Phone:

Transcription

1 Rex Presentation SA Explorers Conference Steven Olsen Website: Phone:

2 Overview New (IOCG) Copper-Gold discovery in South Australia. Recent Gold-Silver acquisition in New South Wales. Both projects can offer a significant growth profile for Rex we move from discovery to resource definition. Experienced team and the resources to deliver results.

3 Experienced Team Directors Steve Olsen Managing Director Paul Chapman Non-Executive Chairman Richard Laufmann Non-Executive Director Management Geoff Lowe Exploration Manager Amber Rivamonte Company Secretary & CFO

4 Capital Structure Shares on issue 54.3 Mill Unlisted Options 7.38 Mill Major Shareholders Directors 17% Lihir 13% Avoca 11% Lion Selection 4% Independent Asset Management 4%

5 South Australian Projects New Movie

6 Projects Hillside Discovery Dart Fault Zone Zanoni Fault Zone Parsee Fault Zone 3.0% copper and 0.7g/t gold A B 2.4% copper and 0.2g/t gold 1.9% copper and 0.46g/t gold North 500m

7 Projects Hillside Discovery 2.4% Cu 2.0% Cu 1.1% Cu 1.8% Cu

8 Projects Hillside Discovery Gravity Map Magnetic Map

9 Pine Point Potential

10 Projects Wandearah Olympic Dam Footprint

11 Copper-Gold potential in South Australia

12 Projects Mt Carrington Shallow resources of 140,000ozs gold and 5.0Mozs silver Large epithermal system with potential for large scale high grade gold mineralisation at depth.

13 Projects Mt Carrington Gold Extensive gold mineralisation exists beyond the existing high grade resources.

14 Projects Mt Carrington

15 Projects Mt Carrington Silver

16 Projects Mt Carrington Silver Potential for large scale shallow silver mineralisation over an area that is at least 1km x 1km.

17 Outstanding Growth Platform Hillside Copper-Gold Mt Carrington Gold-Silver Exploration Projects

18 Outstanding Growth Platform

19 Drilling Agreement Drilling agreement with Titeline Drilling for capital in Rex Drilling secured for a period of 2 years starting in December, 2007 Good relationship between Rex and Titeline, with the drilling company motivated towards exploration success as a shareholder. Drill rig availability is a key issue in the industry, and this is an important part of Rex s strategy to optimise exploration success.

20 Summary Hillside Discovery provides Rex with an opportunity to define a new IOCG copper-gold resource in South Australia. Mt Carrington acquisition provides Rex with the opportunity to identify both open pitable and underground gold and silver resources. Rex is well positioned to maximise the outcome from these projects for Rex shareholders, with a tight capital structure and the required drilling capacity through its relationship with Titeline Drilling.

21 Disclaimer The presentation (in this projected form and as verbally presented) ( Presentation ) is provided on the basis that none of the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness of the material contained in the Presentation and nothing contained in the Presentation is, or may be relied upon as a promise, representation or warranty, whether as to the past or the future. The Company herby excludes all warranties that can be excluded by law. The Presentation contains prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. The Presentation contains forward-looking statements. All statements other than those of historical facts included in the Presentation are forward-looking statements. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, gold and other metals price volatility, currency fluctuations, increased production costs and variances in ore grade or recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. The Company does not undertake any obligation to release publicly any revisions to any forward-looking statement. All persons should consider seeking appropriate professional advice in reviewing the Presentation and the Company. The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Steven Olsen. Mr Olsen is an employee of Rex Minerals Ltd, is a member of the Australian Institute of Mining and Metallurgy and is a Competent Person under the definition of the 2004 JORC Code. The Exploration Potential described in this Presentation is conceptual in nature, and there is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource. Mr Olsen consents to the publication of this information in the form and content in which it appears.