- The presentation summarizes the Selenge Iron Ore Project in Mongolia, which contains four primary iron ore targets with a total exploration target of 250-400 million tonnes. - Drilling at the Bayantsogt target has outlined an initial JORC resource of 33 million tonnes at 24.4% iron and metallurgical testing indicates the ore can produce a high grade 65-66% iron concentrate. - The project is well located for supplying iron ore to inland steel mills in northern China, with strong demand and prices for magnetite concentrate.

1. Company Presentation:
The Selenge Iron Ore Project
Robert Wrixon
Managing Director
Mongolia Investment Summit
30 October 2012

2. 2
COMPETENT PERSON’S STATEMENTS AND DISCLAIMERS
Competent Persons’ Statements
The information in this presentation that relates to Exploration Results and Exploration Targets is based on information compiled
and reviewed by Mr Kerry Griffin, who is a Member of the Australian Institute of Geoscientists. Mr Griffin has sufficient
experience which is relevant to the style of mineralisation and type of deposit 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
Exploration Results, Mineral Resources and Ore Reserves’. Mr Griffin is the Technical Director of Haranga Resources Limited
and consents to the inclusion in this report of the matters based on his information, and information presented to him, in the form
and context in which it appears.
The technical information contained in this announcement in relation to the JORC Compliant Resource for the Bayantsogt
Deposit has been reviewed by Mr Peter Ball of DataGeo Ltd, who is a member of the Australasian Institute of Mining and
Metallurgy. Mr Ball has sufficient experience relevant to the style of mineralisation and type of deposit 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 Ball consents to the inclusion in this report of the matters based on
his information, and information presented to him, in the form and context in which it appears.
Exploration Targets
Exploration Targets are conceptual in nature and should not be construed as indicating the existence of a JORC Code compliant
mineral resource. There is insufficient information to establish whether further exploration will result in the determination of a
mineral resource within the meaning of the JORC Code.
Forward Looking Statements
This presentation includes certain ‘forward looking statements’. All statements, other than statements of historical fact, are
forward looking statements that involve various risks and uncertainties. There can be no assurances that such statements will
prove accurate, and actual results and future events could differ materially from those anticipated in such statements.
Such information contained herein represents management’s best judgment as of the date hereof based on information currently
available. The company does not assume the obligation to update any forward-looking statement.

3. 3
OVERVIEW
Flagship Selenge Iron Ore Project – Four Primary Targets
→ Initial JORC Resource at only one target (Bayantsogt: 33Mt)
→ 250-400Mt total Exploration Target at Selenge
→ Close to rail and road infrastructure, easy access to market
→ Next to Mongolia’s largest iron ore export mine (Eruu Gol: 5Mt production in 2012)
→ Aim is to drill out 75% of target area in 2012 – Drilling is ongoing
→ Excellent metallurgical properties yield a premium magnetite concentrate
→ MOU for 5Mtpa of rail capacity signed with Mongolian Government and Railway Authority
Supportive Major Investor: Lippo Group
→ Lippo Group increased holding from 7.4% to 13.9% via $6m placement in March 2012
→ Subsequently increased their interest on market to 15.3%
Mongolian iron ore exports growing rapidly due to healthy margins and the
market outlook for inland China remains strong

4. 4
COMPANY SNAPSHOT (12 October 2012)
Key statistics (A$)Share price / volume history (A$; millions)
Substantial shareholders
Name
No. Shares
Held
% of Shares
on Issue
Golden Rain (Lippo Group) 32.47m 15.33%
Geotrass LLC 10.00m 4.72%
$0.00
$0.10
$0.20
$0.30
$0.40
$0.50
$0.60
Oct-11 Dec-11 Feb-12 Apr-12 Jun-12 Aug-12
SharePrice(A$)
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Volume(m)
Directors’ interests
Ordinary shares on issue 12-Oct-12 211.75m
Unlisted options1 12-Oct-12 28.50m
Share price 12-Oct-12 $0.23
Market capitalisation 12-Oct-12 $47.64m
Fully diluted market capitalisation 12-Oct-12 $54.06m
Cash 30-Jun-12 $15.02m
Undiluted enterprise value $32.62m
Diluted enterprise value2 $33.34m
Directors collectively hold 12.1% of the shares on issue
52 week low 52 week high 30 day VWAP
Date 19-Oct-11 16-Mar-12
Share price $0.19 $0.54 $0.24
1. In the money options only. 36.0m options on issue in total
2. Adjusted for cash received from exercise of options
Source: Bloomberg as at 12 October 2012

5. 5
AN ASX LISTED MONGOLIAN COMPANY
Operating in Mongolia for almost three years
Listed on the ASX in December 2010
→ IPO heavily marketed in Mongolia through CPS International and MICC
→ Over 200 Mongolian shareholders (almost 20% of investor base)
All key projects are joint ventures with Mongolian partners
Two Mongolian board members
23 of 25 employees are Mongolian nationals, all based in Mongolia
Over $20m invested in Mongolia to date
Currently running Mongolia’s largest drill program
→ 35,000m of diamond drilling in 2012

6. 6
CSR AND ENVIRONMENTAL STEWARDSHIP
Selenge is Mongolia’s largest drill program
→ A social licence to operate is a must
HAR, VOR and Hunnu Coal jointly run one of Mongolia’s
largest private student scholarship program
→ 15 students currently in the program, 6 are HAR students
→ 4 of the students are from the local community near Selenge
→ All students get summer work experience with HAR
New water bore to be donated to the local community
Haranga sponsored this year’s local summer festival
30,000 spruce, pine and birdcherry trees planted and
protected in 10 different areas in the local soum
Exploration camp quality and drilling rehab as per
western/Australian standard

7. 7Source: CRU Strategies; Noble Group
Iron ore consumption/production forecast in China’s northern provinces
(Million Tonnes at 20% Fe grade equivalent)
In 2012 China will mine 1Bt of raw iron ore at an average grade of 18% Fe
Providing only 1/3 of requirement – China is fundamentally short iron ore

8. 8Source: CRU Strategies
STEEL MILLS IN NORTHERN CHINA
Inland steel mills of northern China are fed by domestic low grade magnetite mines
Mongolian magnetite concentrate is the perfect replacement for declining domestic supply

9. 9
MONGOLIAN IRON ORE EXPORT GROWTH
Source: National Statistics Office of Mongolia
Quarterly Mongolian Iron Ore Exports to China
From practically zero in 2008, Mongolian iron ore
exports are expected to exceed 7Mt in 2012

10. 10
THE SELENGE PROJECT LOCATION (Haranga: 80%)
Largest ground holding in
Mongolia’s premier iron ore
belt 200km north of UB
Nearby to Eruu Gol mine
(300Mt) and the Tumurtei
(230Mt), Tumur Tolgoi (25Mt)
iron ore deposits*
Eruu Gol iron ore mine:
– Mongolia’s largest
– Currently exporting 5 Mtpa
– Building wet mag sep plant to
expand to 8 Mtpa**
– CIC invested $700m to obtain
~35% of Eruu Gol in 2009***
Populous industrial and agricultural region, well served by infrastructure
Availability of power and water
Sources: * Mineral Resources Authority of Mongolia Register of Mineral Deposits; Golomt Bank “Mongolia Economic Review – Dec 2010”
** National Statistics Office of Mongolia; Company Presentation – Metals Mongolia Conference 2011
*** Wall Street Journal – 29 Oct 2009 (CIC = China Investment Corp)

11. 11
ERUU GOL – A 5MTPA INTEGRATED EXPORT OPERATION

12. 12
TARGETS IDENTIFIED AT SELENGE PROJECT
All four primary targets drilled and contain significant intervals of iron ore
Two new targets recently identified

13. 13
DRILL PLAN MAP AT BAYANTSOGT (OVER MAGNETICS)
46 of 53 holes have hit iron
mineralisation
Selected intersections:
• 103m at 44% Fe from 225m (BTDH
20) – includes 28m at 58% Fe
• 97m at 44% Fe from 223m (BTDH 32)
– includes 29m at 54% Fe
• 71m at 37% Fe from 266m (BTDH 15)
– includes 12m at 50% Fe
• 20m at 47% Fe from 35m (BTDH 18)
• 12m at 42% Fe from 113m (BTDH 17)
• 10m at 42% Fe from 113m (BTDH 8)
Consistent iron lodes from surface, increasing in size and grade at depth
Mineralisation remains open to the SW and at depth

14. 14
INITIAL RESOURCE AND CROSS SECTION AT BAYANTSOGT
Cutoff Grade
(% Fe)
Tonnes
(million)
Average Grade
(% Fe)
15% Cutoff 32.8 24.4% Fe
25% Cutoff 11.4 32.4% Fe
30% Cutoff 5.3 38.5% Fe
Drilling this year will expand the resource
High grade zone has been extended
JORC Code (2004) Inferred Resource Table
New Exploration Target
is 40-60Mt

15. 15
DRILL PLAN MAP AT DUND BULAG (OVER MAGNETICS)
Dund Bulag is the largest target,
again coincident with a large
‘magnetite skarn hill’
Very wide iron lodes from surface:
• 85m at 22% Fe from 121m (DBDH 1)
• 20m at 24% Fe from 0m (DBDH 3)
• 54m at 22% Fe from 98m (DBDH 5) -
includes 6m at 31% Fe
• 132m at 20% Fe from 103m (DBDH 8)
• 126m at 20% Fe from 242m (DBDH 9)

16. 16
INTERPRETED CROSS SECTION AT DUND BULAG
Very low strip ratio
Exploration Target:
200 – 300Mt of ore

17. 17
EXCELLENT METALLURGICAL PROPERTIES
Banded Magnetite Skarn mineralisation at
Selenge:
Coarse grained with SiO2 primarily in
separate bands
Far more easily beneficiated than typical
Australian massive magnetites
Even the lower grade ore produces a 65-66% Fe concentrate at 75µm grind
High Fe and low impurities should allow premium pricing
Deposit/
Prospect
Average Raw
Fe Grade
Average
Mass Yield
Fe
(%)
SiO2
(%)
Al2O3
(%)
S
(%)
P
(%)
Bayantsogt 30.1% 29.1% 65.77 3.25 0.96 1.03 0.02
Dund Bulag 18.5% 18.0% 65.15 5.34 1.32 0.18 0.00
Huiten Gol 27.7% 29.8% 68.78 1.90 0.41 0.01 0.01
Summary of All DTR Tests
from Every Metre of 2011 Mineralised Core
Average Concentrate Quality (75µm Grind, 10% Yield Cutoff)

18. 18
INLAND CHINESE IRON ORE PRICES REMAIN STRONG
US$102/t
US$130/t
Source: AME Group Monthly Iron Ore Outlook October 2012
Monthly Average Spot Prices for Seaborne Imports vs Inland Domestic Iron Ore

19. 19Source: CRU Strategies, Macquarie Bank, ProMet Engineers’ Techno-Economic Assessment on the Selenge Iron Ore Project
LOW END OF THE COST CURVE
This is a sustainable long term advantage into the inland northern Chinese steel mills
reliant on domestic magnetite and poorly served by seaborne imports.

20. 20
SUMMARY AND SELENGE PROJECT PLAN
China mines ~1Bt per year of iron ore, 18% Fe average
→ Primarily magnetite mines - forecast decline in grade and tonnes
→ Growing demand and high prices for magnetite concentrate in inland northern China
Bayantsogt and Dund Bulag are well advanced
→ High grade Huiten Gol and new discovery at Undur Ukhaa give further upside
→ Total Exploration target of 250 – 400Mt for the four drilled targets only
→ Excellent Met Results: 65-66% Fe concentrate achieved for all
Highly positive preliminary Scoping Study
Six month newsflow for Selenge Project
→ 34,000m drill program ongoing, substantial resource uplift expected by April 2013
→ Mining Licence application underway – final submission before end 2012
→ More Met Testing: Coarser grind sizes and dry magnetic separation
→ Full feasibility study to commence in 2013