ADVANCING ON MANY FRONTS Kevin Wills Managing Director

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1 CURRENT DRILLING Bird in Hand Au - SA Billa Kalina IOCG - SA ADVANCING ON MANY FRONTS Kevin Wills Managing Director Sellheim Gold - QLD Windimurra U - WA Milgoo Ni, PGM - WA SACOME PRESENTATION - 20 JULY

2 The FME Group FDL listed Raised $3.3M MXR listed Raised $7.0M ERO listed Raised $14.75M SACOME PRESENTATION - 20 JULY

3 History Dec 2004 Jan 2005 Oct 2005 Nov 2005 Oct 2006 Dec 2006 Feb 2007 Jun 2007 July 2007 Conceived to explore non-diamond potential of some of FDL s ground Chose name based on Brazillian coffee bean sack MXR raised $7m and listed BIH drilling commenced Spin out Eromanga assets with ERO listing Recognition of Sellheim alluvial gold Production Potential High quality EM conductor at Narndee 162,000 oz gold resource at Bird in Hand $9.2 million capital raising announced SACOME PRESENTATION - 20 JULY

4 Board Robert Kennedy Kevin Wills Gary Maddocks Ewan Vickery Richard Willson Chairman Managing Director Exploration Director Director Company Secretary SACOME PRESENTATION - 20 JULY

5 Capital structure/recent trading Shares on issue 93.3 million end July Options on issue 39.1 million exercise at 1450 cents between 30/6/2008 and 2/7/2012 Recent Trading Shares Market capitalisation cents $25-39 million Top 5 shareholders Mark Creasy companies 10.5M Flinders Diamonds 7.0M Bruce Legendre 5.9M Apex Minerals 3.5M Kevin Wills 3.5M 30.4M (33%) Share price performance and volume SACOME PRESENTATION - 20 JULY

6 Placement and Rights Issue Purpose Details To fund the companies ongoing exploration and feasibility study activities Placement of 11 million shares (completed 17 July) Renounceable rights issue at 1 for 5 (approx 18.7 million shares) At $0.31 cents will raise $9.2M Managed/underwritten - Patersons Securities Ltd Timetable Trading halt 9 July 2007 Record date 1 August 2007 Opening of Offer 3 August 2007 Closing of Offer 20 August 2007 Dispatch of new shares 28 August 2007 SACOME PRESENTATION - 20 JULY

7 The Eromanga asset Maximus owns million ERO shares which represents 35.36% of the capital of ERO: Shares in escrow until 31 October 2008 Maximus owns 8.03 million, 30 cent options in ERO exercisable until 30/6/11 Billa Kalina JV for Olympic Dam type IOCG: ERO spending $3M to earn 50% Eromanga Basin JV for Sandstone Uranium: ERO spending $7M to earn 70% SACOME PRESENTATION - 20 JULY

8 ? Billa Kalina Fa ult kilometres Current Current Drillhole Drillhole? Proposed Proposed Drillhole Drillhole Gz (mgal) -3.2 P(m) Z(m) Az = 45.4deg SACOME PRESENTATION - 20 JULY

9 Billa Kalina Kevin Lines, Kevin Wills and Wayne Cowley on field reconnaissance in the Billa Kalina area, June Drilling BK 1 - July 2007 SACOME PRESENTATION - 20 JULY

10 Eromanga Basin Australia is under represented in sandstone uranium deposits SACOME PRESENTATION - 20 JULY

11 Eromanga Basin Project Innovative geological model. Very limited previous exploration New remote sensing and geophysical techniques allow rapid, cost effective targeting of palaeodrainages. SACOME PRESENTATION - 20 JULY

12 Marree Paleochannel Processed REPTEM image Drilling has commenced. SACOME PRESENTATION - 20 JULY

13 Project locations SACOME PRESENTATION - 20 JULY

14 118º 118º30' -28º Maximus Tenement Area Windimurra-Narndee Complex Mount Magnet PbZn Au PGM Au Au Au Au Au Narndee Windimurra/ Narndee Layered Mafic Complex Windimurra Uranium Prospect Canegrass Vanadium Prospect Windimurra Vanadium Deposit (non MXR asset) Windimurra -28º30' PGM PGM -29º Ni PGM Au CuZn Ni PGM Milgoo Nickel/PGM Prospect CuZn Narndee CuZn Canegrass Vanadium Prospect 0 SACOME 20 PRESENTATION - 20 JULY kilometres

15 Windimurra uranium paleochannel Dimension Calcrete uranium mineralised area ~ 8000m x 500m Airborne radiometrics U Exploration target 0.3kg/t U Mlbs U $100/lb) SACOME PRESENTATION - 20 JULY

16 SACOME PRESENTATION - 20 JULY Windimurra uranium drill plan 118º28' 118º28' 118º28' 118º28' 118º28' 118º28' 118º28' 118º28' 118º28' -28º14' -28º14' -28º14' -28º14' -28º14' -28º14' -28º14' -28º14' -28º14' 118º32' 118º32' 118º32' 118º32' 118º32' 118º32' 118º32' 118º32' 118º32' 1km Area of WMC anomalous drilling Windimurra palaeochannel Assay anomalous drillhole Calcrete Exploration licence Assays received Awaiting assays Drillhole to be completed Best intersections to date 0.49kg U 3 O 8 /tonne 0.48kg U 3 O 8 /tonne

17 Windimurra uranium drilling SACOME PRESENTATION - 20 JULY

18 Narndee Project - Milgoo Prospect SACOME PRESENTATION - 20 JULY

19 Milgoo EM targets EM response across centre of anomaly Channel 15 conductance image over area shown left SACOME PRESENTATION - 20 JULY

20 Milgoo drilling Sulphides explain EM anomalies Assays awaited SACOME PRESENTATION - 20 JULY

21 Canegrass vanadium 118º25' ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY ANOMALY 118º30' Windimurra Vanadium Mine -28º20' MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC MAGNETIC CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS CANEGRASS 2km non MXR Exploration licence area Rockchip sampling 1 to 1.5% V O MXR Exploration licence area to 1% V O to 0.5% V O 2 5 SACOME PRESENTATION - 20 JULY

22 Adelaide Hills Gold Province SACOME PRESENTATION - 20 JULY

23 Bird in Hand History SACOME PRESENTATION - 20 JULY

24 Bird in Hand Project Area Adelaide Woodside 10km Woodside Bird in Hand Winery Bird In Hand Mine Historic mine site SACOME PRESENTATION - 20 JULY m

25 Bird in Hand results Inferred resource 421, g/t Au (162,000 ozs) SACOME PRESENTATION - 20 JULY

26 Bird in Hand - Drill core BH 17 Base metal sulphide rich section from mineralised interval in Maximus Drill Hole BH-17. (Brown zinc sulphide, gray lead sulphide, yellow iron sulphides, white quartz) SACOME PRESENTATION - 20 JULY

27 Bird in Hand - polished sections pyrite gold pyrite galena gold 0.1 mm 0.05 mm SACOME PRESENTATION - 20 JULY

28 Sellheim Project Northern Drummond Basin 21M ounces gold in region Option 100% for $1.5M Known alluvial goldfield Under explored bedrock potential Gold nugget from the Sellheim workings SACOME PRESENTATION - 20 JULY

29 Sellheim Project tenements and helimag Alluvial operation 1 Small scale testing to define inferred resource 2 Bulk sampling for probable reserve 3 Commence production December quarter Hardrock Helimag survey Helimag image SACOME PRESENTATION - 20 JULY

30 Sellheim Project activities SACOME PRESENTATION - 20 JULY

31 Gold bearing alluvials Gold nugget in situ SACOME PRESENTATION - 20 JULY

32 Sellheim alluvial gold potential Middle Camp Goldfield discovered in 1867 Outcrop 0-1m overburden > 1m overburden ML10328 Previous workings Tracks Camp Creeks 500m Mt Richardson Plant site Dam RIVER SELLHEIM Townsville Proportion of overburden mined 9.6% Sellheim Area of unmined overburden 208Ha Gold resource potential 50,000-75,000ozs 250km Brisbane SACOME PRESENTATION - 20 JULY

33 Sellheim water storage Production target 20,000 ozs/year at operating cost of A$200/oz February 2007 November 2006 SACOME PRESENTATION - 20 JULY

34 Milestones going forward July 07 August 07 August 07 Billa Kalina IOCG target result Windimurra Uranium results, infill drilling for Inferred Resource Milgoo sulphide nickel target drilling results September 07 Results from Eromanga Basin Paleochannel Uranium drilling October 07 Fly major Airborne EM survey over Windimurra/Narndee Complex November 07 Commence alluvial gold production at Sellheim January 08 Commence Bird in Hand pre-feasibility study SACOME PRESENTATION - 20 JULY

35 Summary Value of 35% owned Eromanga Uranium asset 215,000 ounces of gold located Expecting exploration results for: - Windimurra Uranium - Milgoo Nickel - Billa Kalina IOCG - Eromanga Basin Paleochannel Uranium Alluvial production cash flow from Sellheim BIH pre-feasibility study January 2008 SACOME PRESENTATION - 20 JULY

36 Thank you Please visit our website at SACOME PRESENTATION - 20 JULY