The 3rd annual Resources & Energy Investment Symposium (REIS) is on 19-22 May, once again held in the unique city of Broken Hill; Last year’s event exceeded the expectations of all that attended - including over 350 delegates, 12 keynote speakers and more than 30 resource companies presenting their investment opportunities. A focus for this year’s symposium will be on the current economic climate including its challenges and opportunities, not only in the Australian resources industry, but Australia’s position in the international market.

1. CBH Resources
Resources and Energy Investment Symposium
Broken Hill , May 20-22 , 2013

2. Corporate Profile
CBH today is a private company
(takeover by Toho Zinc in 2010)
 Operations
-Zinc, lead and silver from the Endeavor and Rasp Mines in NSW
-Owner/operator of the ConPorts minerals export facility at Newcastle
-Exploration projects in NSW , including Mallee Bull copper polymetallic
discovery near Cobar
 Total Production
148,000 tonnes of zinc concentrate ; 80,000 tonnes of lead concentrate
1.3 m/ozs silver
 Total Revenue
$ 230m ( at current prices ), unhedged

3. Board : Tatsuya Tejima ( President of
Toho) , Fujio Hattori, Toshio
Shimamura, Lewis Marks , Visko
Sulicich , Stephen Dennis
Technical Advisor to Board : Ian Plimer
Management : Stephen Dennis (MD) ,
Visko Sulicich (COO), Tony Davis (GM
Rasp) , Denver D’Angelo ( GM
Endeavor ) , James Dunstan (CFO),
Gwen Wilson (OHE&S)
Employees : 409
Board and Management of CBH

4. Chigirishima refinery (100 ktpa lead metal)
Onahama refinery (16ktpa zinc oxide
Fujioka works (electrolytic iron)
Headquarters in Tokyo
Toho Zinc – Operations
Annaka refinery (140 ktpa electrolytic zinc)

5. CBH Operations Map

6. Rasp
A new mine showing rapid improvement

7. Rasp Mine
Location - CML 7
Processing
Plant
Tailings
Rasp U/G Mine
Kintore Pit Mill/flotation circuit
Tailings
Total Distance 3.8 km
Rail
outload
NS
Palace
HotelCentenary Mineralisation
Western Mineralisation
Main Lode
Pillars

8. 8
Plant practical completion April 22
First ore to mill April 24
Official Mine Opening July 25
First production stope Aug 15
First zinc shipment Sept 13
First lead shipment Oct 4
Design throughput reached Jan
Final certificate awarded April 30
First Main Lode ore June (f)
Rasp Mine
Project Milestones
2012
2013
2012
2013

9. Rasp Mine
Summary
 New mine, mill and rail load out facility
commissioned on time and on budget
(capital cost $155 m)
 Currently operating at 690 Ktpa
 15 year mine life
 Reserves of 4.8Mt at 5.8%Zn, 5.2%Pb,
69g/t Ag
 179 full time personnel
 Significant exploration potential along
4.5km strike length of the line of lode

10. Rasp Mine
Operating Costs
• C1 costs –
43.53USc/lb
• $88.6 / t milled
• Capex - $16.3 Million
• Notional Profit - $6.2m
• Notional Cashflow -
$13.1m
2013 Targets
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
YTD
Budget
YTDRaspOperatingCosts($,000)
RaspOperatingCosts($,000)
0
20
40
60
80
100
120
140
0
20
40
60
80
100
120
140
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
YTD
Budget
YTDRaspOperatingCosts($/t)
RaspOperatingCosts($/t)

11. Endeavor Mine
A mature mine producing consistent operational results

12. Endeavor
Summary
 720 Ktpa ore treated per annum
 High capacity infrastructure - including 1.2
Mtpa mill, 1.2Mtpa shaft haulage , connection to
rail network , grid power, secure water supply,
road access ., and housing
5 year mine life with low grade open pit
potential - reserves of 4Mt at 7.6%Zn, 4.8%Pb,
97g/t Ag
 216 full time personnel
 CBH holding near mine exploration
tenements of some 1000 square kilometres in
highly prospective Cobar Basin region
Q1
2012
Q2
2012
Q3
2012
Q4
2012
Q1
2013
Pb in Conc (t) 5137 4861 5402 5508 5859
Zn in Conc (t) 10704 9983 11209 10988 11711
4000
5000
6000
7000
8000
9000
10000
11000
12000
MetalinConcentrate(t)
Endeavor Mine - Metal Production

13. Endeavor Mine
Operating Costs
• C1 costs – 69
USc/lb
• $96 / t milled
• Capex - $11.5
Million
• Notional Profit -
$5.1m
• Notional Cashflow -
$5.4m
2013 Targets
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
AvgCY12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
YTD
Budget
OperatingCosts(A$000)
YTDOperatingCosts(A$000)
0
20
40
60
80
100
120
0
10
20
30
40
50
60
70
80
90
100
110
AvgCY12
Jan-13
Feb-13
Mar-13
Apr-13
May-13
Jun-13
Jul-13
Aug-13
Sep-13
Oct-13
Nov-13
Dec-13
YTD
Budget
OperatingCosts($/t)
YTDOperatingCosts($/t)

14. Combined Metal Production
Endeavor and Rasp

15. Source: CBH Resources Ltd
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
$5,500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$5,000
$5,500
Jan-05
Apr-05
Jul-05
Oct-05
Jan-06
Apr-06
Jul-06
Oct-06
Jan-07
Apr-07
Jul-07
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
Jan-09
Apr-09
Jul-09
Oct-09
Jan-10
Apr-10
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
Jan-12
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
Znprice-A$/t
Znprice-US$/t
LME Official Cash Zinc Price
USD v AUD
FX=.67
FX=1.00
FX CROSSOVER POINT
USD metal prices
Not all bad – but FX remains a problem

16. Source: CBH Resources Ltd
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
$4,500
Jan-05
Apr-05
Jul-05
Oct-05
Jan-06
Apr-06
Jul-06
Oct-06
Jan-07
Apr-07
Jul-07
Oct-07
Jan-08
Apr-08
Jul-08
Oct-08
Jan-09
Apr-09
Jul-09
Oct-09
Jan-10
Apr-10
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
Jan-12
Apr-12
Jul-12
Oct-12
Jan-13
Apr-13
Pbprice-A$/t
Pbprice-US$/t
LME Official Cash Lead Price
USD v AUD
FX=.67
FX=1.00
FX CROSSOVER POINT
LATE 2010
AUD metal prices
Not far off GFC lows !

17. Total Zinc Inventory / Price
Higher prices ?
84 cents
today
Forecast supply
constraints

18. ConPorts Shiploader
Newcastle

19.  Port logistics/concentrate handling for 4
NSW mines :
Endeavor Mine (CBH, Zn)
CSA Mine ( Glencore, Cu )
Tritton Mine ( Straits, Cu )
Rasp Mine (CBH, Zn & Pb)
 Major $2.5m upgrade completed in 2013
 Annual throughput capacity ~ 500 ktpa
 Capacity to expand to 1.3 mtpa to
accommodate new users ( option held
on southern port land )
 30 year lease with Newcastle Port Corp
ConPorts Shiploader
Newcastle

20. ConPorts Shiploader
Newcastle
New NAT grain
terminal
Conports
storage shed

21. Exploration-Broken Hill
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0 5 10 15 20
Kilometers
RASP MINE & EXPLORATION
LEASES
CBH 100%
ARAGON
CBH 15%,
SILVER CITY MINERALS LTD 85%
WILLYAMA & COPPER KING
CBH 70%,
SILVER CITY MINERALS LTD 30%
STIRLING VALE
CBH 49%
PERILYA BROKEN HILL LTD 51%
RUPEE
CBH, ANGLO GOLD ASHANTI LTD &
STELLAR RESOURCES
… Metallic mineral occurrences
Broken Hill
!(
!(
Broken Hill
Sydney

22. Exploration -Cobar Region
Endeavor
CSA
Peak Mines
Tritton
Mineral
Hill
ENDEAVOR NORTH/SOUTH, BURRI &
MT. MCKELLAR TENEMENTS
CBH 100%
BOONA
CBH 90%,
MORNING STAR GOLD NL 10%
LOWAN
CBH 70%,
GOLDEN REEF ENTERPRISES 30%
YELLOW MOUNTAIN
CBH 40%
GOLDEN CROSS RESOURCES 30%,
PARADIGM METALS 30%
GILGUNNIA
CBH 15%, STAGE 2 FARMING-IN,
PEEL RESOURCES 85%
!(
!(
Cobar
Sydney
Mallee Bull
… Metallic mineral occurrences

23. Mallee Bull
A potential new CSA style copper mine
 Farm –in agreement with Peel
Mining signed May 2012
 $8.3m commitment by CBH for
50% JV equity
 Drilling results very
encouraging, initial resource
targetted for 2H 2013
 Strong cooperative relationship
with Peel Mining team
 Peel managing exploration
programs during CBH farm-in
stages

24. Mallee Bull
Work program
CBH holds a secure and exclusive right to earn a 50% interest over 3 stages
Stage 1 for 15% equity – completed Nov 2012
$1.0m contribution to Peel’s past expenditure and funding of exploration
of up to $1.5m within the initial 12 month period.
Stage 2 for additional 15% equity – committed , in progress
Funding of exploration of up to $2.5m within the following 12 month
period.
Stage 3 for additional 20% equity – optional, 2nd half 2013
Right to continue funding of exploration of up to $3.33m within the
following 12 month period.
JV to follow CBH farm-in ( 50/50 if Stage 3 completed )

25. Looking ahead
Profitability and costs to be the main focus
The future for Endeavor Mine ( replacement feed , leveraging infrastructure )
 Stable and profitable operations at Rasp Mine ( Main Lode to increase grade,
additional reserves, assess open cut potential )
Expand ConPorts at Newcastle , subject to signing users
CBH’s next mine( Mallee Bull ?). Acquisition opportunities
Exploration to remain focussed on areas within the vicinity of existing CBH
mines
Retaining the CBH team
IPO unlikely in current environment, but remains longer term goal

26. CBH extends an invitation to view the Rasp Mine