BEIJING MINES & MONEY – JUNE 2012

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BEIJING MINES & MONEY – JUNE 2012

  1. 1. An Option on aWorld Class Minerals PackageBeijing Mines & MoneyJune 2012Mike Palmer, CEO Phone: +61 2 8920 2300 Mobile: +61 418 950 694
  2. 2. Foyson Resources Snapshot Undervalued Leverage to potential World Class projects Focus on Papua New Guinea islands & coast, providing favourable logistics & proximity to major developments Amazon Bay - large, well located iron sands project with vanadium & titanium credits Multiple gold/copper projects - located on same geological structures as major mines (Lihir, Simberi) Strong management track record Clear strategy & structure for shareholders value creation ASX Code “FOY”; market cap $6 million; based in Sydney An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  3. 3. Amazon Bay - Undervalued Leverage Significantly under valued when compared to ASX listed peers with iron-vanadium- titanium resources Company ASX Resource1 (tonnes) Location Market Cap2 ($M)IRON SANDS HARD ROCK Foyson FOY 630 million3 PNG 6 Indo Mines IDO 165 million Indonesia 66 Amex Resources AXZ 220 million Fiji 71 TNG TNG 160 million NT 30 Speewah SPM 4.7 billion WA 16 Balla Balla Project - 450 million WA 40 1 Resources as defined by Company 2 As at 1 June 2012 3 Refer Disclaimer Cautionary Statement An Option on a World Class Minerals Package foyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  4. 4. Proximity to World Class Projects Proximity to World Class Mining Projects 140o 142o 144o 146o 148o 150o 152o 154o 156o o 2o 2 Lorengau Vanimo MANUS MUSSAU Kavieng SIMBERI LIHIR New Ireland Wewak LEGUSULUM TANGA Namatanai SOLWARA 4o 4o Rabaul FRIEDA New Britain SINIVIT PALABONG OK TEDI Madang Hoskins Tabubil Wabag PORGERA Mt Hagen RAMU 6o YANDERRA Kimbe NORTH NEW BRITAIN 6o ATUI KAINANTU Kieta Chimbu Yonki Goroka Kandrian Bougainville PAPUA Lae WAFI-GOLPU Wau 8o HIDDEN VALEY NEW GUINEA 8o Kembra TOLUKUMA Popondetta LEGEND Daru WOODLARK Port Moresby Foyson Projects 10o 10o GOLDEN PEAK Alotau MISIMA 0 100 200 AMAZON BAY Existing & UPDATED MAY 2012 POI Potential Mines 12o 12o 140o 142o 144o 146o 148o 150o 152o 154o 156o An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  5. 5. New Corporate StructureStructure Revised Corporate 100% 50% plus 50% Option 100% New Ireland Holdings Limited Amazon Bay Holdings Limited Titan Resources Pty Ltd Gold/Copper Iron sands/Vanadium/Titanium Gold/Copper New management New strategy for prioritising projects New approach to project development New corporate structure Recapitalise New company name An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  6. 6. Amazon Bay Iron Sands - Overview Over 100 km stretch of coast line, 200 km south east of Port Moresby  Focus on 30 km long Threadfin area, which has exploration target of 630 million tonnes 1 Concentrate of 55% Fe, 1% V2O5 & 17% TiO2 Plan to drill Threadfin to JORC status in CY2012 Metallurgical processes now exists to separate out high purity vanadium and titanium products Low cost, well tested production process - similar to BlueScope Steel at Waikato, New Zealand1 Quantity estimate based on previous drilling, Landsat and available radiometrics covering Amazon Bay dune formation. Refer Disclaimer Cautionary Statement An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  7. 7. Amazon Bay Proposed Drilling 1600mRadiometrics draped over Google Earth An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  8. 8. Gold/Copper Projects - Proximity to World Class MinesMussau Island Located on the same volcanic arc as Lihir (56Moz) and Simberi (6.5Moz) Mostly unexplored because of limestone cover Exposed volcanic rocks contain epithermal veins with up to 28g/t gold (BHP past exploration) Proposed exploration: - Airborne magnetics - Drill through cover An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  9. 9. Gold/Copper Projects - Proximity to World Class MinesLegusulum Under-explored porphyry Cu-Au project Same volcanic arc as Panguna (23Moz Au, 6.5Mt Cu in resources and past prod) 1980’s – Esso estimate 30Mt at 0.25% Cu (not JORC) based on old drilling Recommended by Esso: - IP survey - Deep drilling (>900m) - Scout drill untested leach cap and covered surrounds An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  10. 10. Gold/Copper Projects - Proximity to World Class MinesNew Britain  Undrilled porphyry Cu-Au at ATUI on a known porphyry trend – IP and drilling underway  Significant rock chip occurrences to be followed up An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  11. 11. Foyson Resources Conclusions Expenditure focussed on contribution to creating shareholder value Undervalued leverage to major Iron Sands, Vanadium and Titanium project World class PNG gold/copper tenement package with immediate drill targets Management track record of project delivery An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012
  12. 12. Foyson Resources LtdNOTICE AND DISCLAIMER CAUTIONARY STATEMENTThis document has been prepared by Foyson Resources Ltd (the Company). This document contains background information about the Company and its projects currentat the date of this document. It does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in orderto satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this document.The document is for information purposes only. Neither the document nor the information contained in it constitutes an offer, invitation, solicitation or recommendationin relation to the purchase or sale of shares in any jurisdiction. This document may not be distributed in any jurisdiction except in accordance with the legal requirementsapplicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction.To the fullest extent permitted by law, Foyson Resources Ltd, its officers, employees, agents and advisers do not make any representation or warranty, expressed or implied,as to the currency, accuracy, reliability or completeness of any information, statements, opinions, estimates, forecasts or other representations contained in this document.No responsibility for any errors in or omissions from this document is accepted.Where Foyson Resources Ltd expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed tohave a reasonable basis.1 To the extent that there is information set out in this document, any potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource under the JORC Code and it is uncertain if further exploration will result in the determination of a mineral resource under the JORC Code. Quantity estimate based on previous drilling, Landsat and available radiometrics covering Amazon Bay dune formation. The information contained in this document that relates to Exploration Results or Mineral Resources or Ore Reserves is based on information compiled by Mr Chris Young who is a Member of the Australian Institute of Geoscientists. Mr Young has sufficient experience which is relevant to the style of mineral deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the “Australasian Code for Reporting of Mineral Resources and Ore Reserves”. Mr Young consents to the inclusion in this presentation of the matters based on his information in the form and context in which it appears. An Option on a World Class Minerals Packagefoyson...abundant harvest Strategy for Creating Shareholder Value May 2012 June 2012

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