Company presentation given at the Resources & Energy Investment Symposium in Broken Hill, May 2013

1. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
DEVELOPING
RESOURCES
FOR
DEVELOPING
MARKETS
Broken Hill Resources &
Energy Investment
Symposium
May 2013
Gavin Bosch
General Manager Finance

2. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
FORWARD LOOKING STATEMENTS
• These materials include forward looking statements. Forward looking statements inherently involve subjective
judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which
are outside of the control of, and may be unknown to Centrex Metals Limited („Centrex‟ or the „Company‟).
• Actual results and developments may vary materially from those expressed in these materials. The types of
uncertainties which are relevant to the Company may include, but are not limited to, commodity prices, political
uncertainty, changes to the regulatory framework which applies to the business of the Company and general
economic conditions. Given these uncertainties, readers are cautioned not to place undue reliance on such
forward looking statements.
• Forward looking statements in these materials speak only at the date of issue. Subject to any continuing
obligations under applicable law or any relevant stock exchange listing rules, the Company does not undertake
any obligation to publicly update or revise any of the forward looking statements or any change in events,
conditions or circumstances on which any such statement is based.
• Forward looking statements include, but are not limited to, statements concerning Centrex‟s planned
exploration program, targeted resources, commencement of product export and other statements that are not
historical facts. When used in this document, the words such as “could”, “target”, “plan”, “estimate”, “intend”,
“may”, “aim”, “potential”, “should”, and similar expressions reflected in these forward-looking statements are
reasonable, such as statements involving risks and uncertainties and no assurance can be given that actual
results be consistent with these forward-looking statements.

3. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
THE KEY MESSAGES
• Three significant Chinese backed joint ventures covering iron ore, base
metals and a deep-water port
• Newly defined iron ore deposit at Kimba Gap
• Acquiring more projects and seeking to form additional international
partnerships
• Attracting foreign investment to fund project development and grow the
business
• A$ 46.5M uncommitted cash (31 March) after recently paying A$ 15.7M
fully franked special dividend
• Developing cost effective infrastructure and export solutions for projects
• New representation in India to build an additional investment base

4. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
COMPETITIVE STRENGTHS & STRATEGY
• Substantial and growing bank of end to end project knowledge
• Management team with strong total supply chain operational experience (iron ore, coal,
phosphate, gold and steel)
• Strong international partnerships
“Acquire, define and develop a portfolio of resource projects for developing markets to
provide shareholder value.”
Our focus is on;
• Bulk commodities
• End to end project solutions
• Value extraction
• Optimising capital risk

5. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
BOARD & MANAGEMENT
David Klingberg AO
FTSE, D UniSA, BTech,
FIEAust, FAusIMM, FAICD
Non-Executive Chairman
• Former CEO of Kinhill
Limited
• Former Chancellor of the
University of South
Australia
Jim Hazel
BEc, SFin, FAICD
Non-Executive Director
Graham Chrisp
BTech (CE)
Non-Executive Director
John den Dryver
BE (Mining), MSc, FAusIMM
Non-Executive Director
Jim White
BApp Sci (Met), FIEAust, CP Eng
Executive Director
Poh Kiat
Dip CE
Non-Executive Director
Lu Bingqiang
BE (Mining)
Non-Executive Director
Ben Hammond
BSc (Geol), MBA, MAusIMM, GAICD
Acting-CEO
Alastair Watts
BSc (Geol), Dip Bus, MAusIMM
GM Exploration
Gavin Bosch
BCom, CPA, CSA
GM Finance & Company
Secretary
Steve Brown
Beng (Elec), MEAust, CP Eng
Chief Operating Officer (Eyre
Iron Pty Ltd)
Angela Webb
CA BA (Acc), GDip Fin, GDip ACG,
GAICD
Finance Manager & Company
Secretary (Eyre Iron Pty Ltd)
AK Tareen
Chief Advisor – Strategic
Investments India & South Asia

6. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
CENTREX OVERVIEW
• Eyre Iron Joint Venture - 40% interest in magnetite iron ore
projects with Wuhan Iron & Steel funding first $75M of
development; 680Mt Mineral Resource at flagship Fusion
project
• Port Spencer Joint Venture - 50% interest in proposed deep-
water port facility with Wuhan Iron & Steel to fund next $4M of
development; State Government approval received
• Bungalow Joint Venture – Baotou Iron & Steel earning 50%
interest by funding first $40M of development; 338Mt Mineral
Resource
• Goulburn Joint Venture - Shandong 5th Geo-Mineral
Prospecting Institute earning 35% for $2M exploration; ability
to earn 80% by funding to production
• Wilgerup - 100% interest 13.3Mt Indicated DSO Resource
• Kimba Gap – Recently announced independent magnetite
Exploration Target
• Gundaroo - Exploration Licence Application for NSW Gold-
Base Metals project near Goulburn
Base
Metals
Iron
Iron
Iron
Port

7. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
CORPORATE OVERVIEW
• Capital Structure (ASX:CXM)
– Shares on Issue: 313.6M
– Options & Rights on Issue: 3.3M
– Market Capitalisation (@ $0.14): A$ 43.9M
– Cash (31st March 2013): A$ 46.5M
Top 10 Shareholders % Issued Capital
South Cove Ltd 25.8
Wugang Australian Resources Investment Pty Ltd 12.9
Baotou Iron & Steel (Group) Company Ltd 7.0
HSBC Custody Nominees (Australia) Ltd 5.3
SEL Holdings Ltd 5.2
United Iron Ltd 4.8
Mr Sik Ern Wong 2.6
Davan Nominees Pty Ltd 2.0
Mr Melvin Boon Kher Poh 1.7
Keng Chuen Tham 1.4
Total 68.7

8. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
• Joint Venture with Wuhan Iron & Steel funding first A$ 75M of
development
• 680Mt Mineral Resource defined at the Fusion Magnetite
Project, including 312Mt Measured and Indicated
• Additional Exploration Targets to be drilled out
• Targeted at 5Mtpa premium >67% Fe concentrate production
• Competitive advantages
− Backed by a major end user of magnetite
− Cost effective 40km slurry pipeline to port
− Low-cost Cape capable port development
− Power from the national grid
− Water via desalination plant at port
• Definitive feasibility study well underway with final scope to be
agreed mid 2013
• Total Joint Venture Mineral Resource of 894Mt across Fusion,
Carrow and Greenpatch projects
EYRE IRON JOINT VENTURE (CXM 40%)
For details of resources see announcement 18th February 2013
http://www.asx.com.au/asxpdf/20130218/pdf/42d2m8n09wywwg.pdf

9. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
PORT SPENCER (CXM 50%)
• Joint Venture with Wuhan Iron & Steel for the
development of a deep-water bulk commodity export
facility at Port Spencer
• Multi-user facility with 20Mtpa capacity using a 5,000tph
shiploader
• Able to double capacity with 10,000tph shiploader
• 515m jetty to deep water loading Cape vessels on any
tide
• No dredging required and no cyclones
• Underpinned already by two magnetite joint ventures,
DSO project and grain consortium
• Land already owned for 3rd party user subdivision
feeding on to common central conveyor
• South Australian government development approval for
Phase 1 received December 2012
• Federal Government referral process underway

10. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
BUNGALOW JOINT VENTURE (CXM 70%)
• Baotou Iron & Steel have a 30% interest after
having funded A$ 24M of development
• Baotou have the right to commit a further
A$ 16M to earn a 50% interest
• 338Mt Mineral Resource including 22Mt
Measured and 164Mt Indicated
• 5Mtpa of magnetite concentrate production to be
exported via a 100km slurry pipeline from Port
Spencer
• Achievable infrastructure solutions for power,
water and product transport
• Backed by a major end user of magnetite
• Prefeasibility Study expected completion in
2013
For details of resources see announcement 25th May 2012
http://www.asx.com.au/asxpdf/20120525/pdf/426gp0l17x8p6l.pdf

11. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
GOULBURN JOINT VENTURE (65%)
• JV Agreement signed for $2M
exploration program for Shandong 5th
Geo-Mineral Prospecting Institute to
earn 35%
• Requires Chinese and Australian
Government approvals
• Second stage option for Shandong to
earn 50% by funding a Bankable
Feasibility Study
• Third stage option for Shandong to
acquire 80% by funding through to
production
• Promising IP anomalies near historically
defined Zn-Pb-Cu mineralisation
• Drilling access and permits in place
• Diamond drilling program planned for
2013 once joint venture transaction
completed

12. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
WILGERUP (100%)
• 100% Centrex owned DSO
hematite project at Wilgerup
• Massive hematite JORC
Indicated Resource of
13.3Mt @ 57.7% Fe
• All mining approvals
received
• Off-take agreements already
in place
• Develop in line with Port
Spencer
• 6 additional DSO targets
identified from recent gravity
survey
For details of resources see announcement 23rd October 2009
http://www.asx.com.au/asxpdf/20091023/pdf/31lk86y343jpv1.pdf

13. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
NEW PROJECTS (CXM 100%)
Kimba Gap
• 4km strike of outcropping banded iron formation (BIF)
coincident with magnetic and gravity anomalies
• Exploration Target of 275Mt to 420Mt of magnetite BIF
at between 21% and 27% DTR*
• Drilling to date shows potential high iron low silica
concentrate product
• Prospect located 50km north of Bungalow Joint
Venture with potential for combined operation
*The potential quality and grade is conceptual in nature and
there has been insufficient exploration to define a Mineral
Resource. It is uncertain if further exploration will result in the
determination of a Mineral Resource.
Gundaroo
• Exploration Licence Application 4744 roughly 10km
west of Goulburn project in NSW
• 280km2 covering a structural corridor with historically
defined gold and base metals mineralisation

14. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
CORPORATE & BUSINESS DEVELOPMENT
• Actively pursuing acquisition opportunities in early stage bulk commodity
projects
• Centrex to take acquisitions through conceptual development and
resource definition
• Leveraging off international networks to fund project developments
• Proven track record of securing foreign investments with third Chinese
backed joint venture agreement in January 2013
• Former South Australian Senior Trade Commissioner to India appointed to
aid with marketing current and future projects
• Capital management review identified Centrex had funds surplus to its
medium term requirements leading to A$ 15.7M fully franked dividend
being paid in early 2013
• Special dividend a reward for long-term shareholders
• A$ 46.5M in uncommitted cash remaining after dividend

15. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
CONTACT
marketing@centrexmetals.com.au

16. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
KIMBA GAP EXPLORATION TARGET

17. DEVELOPING RESOURCES FOR DEVELOPING MARKETS
COMPETENT PERSON STATEMENT
The information in this report relating to Exploration Targets is based on and accurately reflects information compiled by Ms
Sharron Sylvester of AMC Consultants Pty Ltd who is a consultant and adviser to Centrex Metals Limited and who is a Member
of the Australian Institute of Geoscientists (RPGeo). Ms Sylvester has sufficient experience relevant to the style of mineralization
and type of deposit under consideration and to the activity she is undertaking to qualify as a Competent Person as defined in the
2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Ms Sylvester
consented to the inclusion of this information in the 17th May 2013 announcement in the form and context in which it appeared in
that document.