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1 Limited ASX code: RNU The Eastern Eyre Copper Project Presented at the South Australian Resources and Energy Investment Conference Adelaide, 14 April 2015 David Christensen, Managing Director 1

2 Eastern Eyre project Advanced, Large-Scale Copper Prospect - Recent drilling confirms Extension Tank as major IOCG prospect - IOCG alteration and strong copper 0.45% Cu) over standout gravity anomaly - Similar signature to IOCG projects in district (e.g., Prominent Hill) - High-density target zone untested Dominant Position in Olympic Dam Belt - +1,500 km 2 in South Australia s premier copper district - Access restriction recently lifted in underexplored area - Major control structures untested (+40 km strike-length) Management Success in Target Region - Strongly credentialed management with considerable experience - Previous roles in South Australia Discoveries: Carrapateena (IOCG) and Four Mile deposits Management of Heathgate (Beverley uranium mine) Major Follow-on Drill Targets - High potential discovery phase drilling - Primary targets: IOCG potential of Extension Tank and related IOCG prospects 2

3 Corporate profile ASX code RNU Shares on issue 136.9m Options 0.75m (1) Performance Rights 2.0m (2) Cash (31 Dec 14) ~$0.6m Share price (10 Apr 15) $0.026 Market capitalisation $3.6m Enterprise Value $3.0m Top 20 shareholding 60% Board shareholding 42% Board of Directors Stephen Bizzell (Chairman) David Christensen (MD) Geoff McConachy Chris Anderson Andrew Martin (1) 750,000 $0.054, expiring 30 April 2016 (2) Subject to achievement of performance prior to 30 June

4 Olympic Dam Belt Major copper province Prominent Hill % Cu from ~100m depth, discovered 2001 Olympic Dam 9, % Cu from ~300m depth, discovered 1975 Carrapateena/Khamsin 1, % Cu from ~500m depth, discovered 2005 Hillside % Cu from <50m depth, discovered 2008 Renascor s Eastern Eyre Project +1,500km 2 Targeting similar large-scale copper resources from <50m cover depth Amongst shallowest cover sequences in region Olympic Dam copper belt, showing location of Renascor s Eastern Eyre and other projects in relation to significant copper deposits 4

5 Eastern Eyre Project Compared to other large Cu deposits in region Large copper deposits in South Australia Location: Olympic Dam corridor Geology: Host rock associated with Hiltaba granites Geology: Gawler Range Volcanics Geological Age: Olympic Dam age (1590 Ma) Metals: Polymetallic (Cu-Ag-Co-Pb-Zn) Setting: Proximity to major structures Geophysics: Strong gravity/magnetic signature Mineralogy: IOCG-alteration Mineralisation: Extensive copper-mineralised halo Renascor s Eastern Eyre Project Large-scale copper deposit? Geologic signature provides key similarities to large scale copper deposits in district 5

6 Extension Tank Advanced IOCG prospect Distinctive, highly prospective IOCG prospect - Few targets in Olympic Dam domain demonstrate combination of: gravity + magnetics + copper + IOCG alteration Next steps: Drill for oregrade copper in untested high density zones 6

7 Extension Tank Standout gravity anomaly - High amplitude (6MGal) gravity anomaly - Discreet gravity signature within Roopena fault zone - Coincident magnetic response in southern target area Extension Tank prospect, gravity image showing 0.4 Mgal contour intervals Limited shallow drilling has not explained anomaly 7

8 Extension Tank Gravity anomaly adjacent to magnetic zone - Gravity magnetic association typical of IOCG - Magnetite alteration overprinted by hematite - Directly comparable to Prominent Hill IOCG deposit (Oz Minerals) Extension Tank prospect, aeromagnetic image showing gravity contours Highly prospective for large, hematite-dominant IOCG 8

9 Extension Tank Recent drill results Strong copper and hematite alteration - Hole RC001: sulphide mineralisation, including 8m at 0.45% Cu (from 64m) - Hole RC002: hematite alteration and anomalous Cu from 120m to end-of-hole (162m) Hole 14RETRC001. Sample of RC chips from 68 metres to 69 metres depth Extension Tank prospect, gravity contour image showing 0.5 Mgal intervals, with drill collars and initial interpreted high density target zone outlines Distinctive combination of gravity/magnetics + copper + IOCG alteration 9

10 Extension Tank Gravity data shows large-scale potential Large anomaly remains open - Renascor holes tested only upper portion of high-density zones - Vertical gradient processing indicates possible E-W structurally controlled density distribution Extension Tank prospect, re-processed gravity data showing comparative scale to ore zone of Prominent Hill High density zones remains untested 10

11 Extension Tank Comparison to other hematite IOCGs Early drill collars (KH001, KH002 and SASC-04) and gravity signature of Oz Minerals Khamsin IOCG prospect in comparison to subsequent holes (KMS008 and KMS012) within ore body (from Oz Minerals ASX release dated May 2013) Khamsin deposit * - Early results: initial gravity targets intersect IOCG alteration and low-level (<0.2%) copper (SASC-04,KH001,KH002) - Led to nearby discovery hole within western margin of gravity anomaly (KMS008) Extension Tank - Early results: initial gravity targets intersect IOCG alteration with strong copper (0.45%) - Next stage drilling: discovery opportunity * Owned by Oz Minerals (ASX: OZL) 11

12 Extension Tank Discovery phase drill targets Extension Tank Plan view, showing gravity, IP and magnetic drill targets Drill ready targets - Typical IOCG distribution of magnetite, hematite and sulphides, offers multiple discovery phase targets: Two large-scale high density zones Induced polarisation zone Magnetic zone High potential for Prominent Hill style/size IOCG deposit 12

13 Extension Tank Next phase drill targets: high density zones - Core high-density zones untested - Shallow (~200m) target depth - Ample scale for large IOCG deposit - Immediate drill-ready targets Extension Tank Gravity contours (vertical gradient) on aeromagnetic image Extension Tank North-south section, gravity model and proposed drill holes 13

14 Extension Tank Next phase drill targets: IP chargeability zone IP targets - Tested by WMC in 1990s - Renascor s recent drilling suggests WMC s shallow drilling did not reach fresh basement - Untested sulphide target beneath earlier drilling (from ~60m) Extension Tank Induced polarisation model ( N), showing existing and proposed drill holes Drill ready targets for copper-bearing sulphide zone associated with hematite IOCG 14

15 Eastern Eyre Project Prospect pipeline Additional high-priority copper targets for Roopena-Angle Dam fault (+40km) - Mineralised system with limited exploration - On-going reconnaissance programs have upgraded multiple gravity/magnetic targets - Initial drill-testing later this year Pipeline of targets for subsequent drill programs Eastern Eyre Project, showing prospect locations 15

16 Eastern Eyre Project Northern gravity prospects Laura Ozone 16

17 Eastern Eyre Project Northern gravity prospects Ozone Laura Ozone/Laura - Coincident gravity/magnetic targets in Roopena fault zone - Along-strike from Extension Tank and Spencer - Structural setting comparable to WMC s historic Spencer IOCG prospect, but with stronger geophysical response - Limited previous drilling has returned anomalous copper, but not explained geophysical features Aeromagnetic image with gravity contours over Ozone and Laura prospects showing 0.5 Mgal intervals 17

18 Eastern Eyre Project Highway prospect Highway prospect, showing copper in soils and residual gravity counters (0.5 Mgal intervals) 18

19 Eastern Eyre Project Highway prospect Coincident gravity/ geochemical target - Northwest of Extension Tank along regional fault trend - Immediately northeast of Arrium s Iron Knob iron mine - High amplitude (3MGal), 2km gravity target - Anomalous copper (+50 ppm) from soils over gravity high Highway prospect, showing copper in soils and residual gravity contours (0.5 Mgal intervals) 19

20 Eastern Eyre Project Southern fault trend Untested geophysical targets - Multiple prospects identified within fault trend alongstrike from Extension Tank/1050 East - Limited/no drilling - Cocoa Dam: magnetic anomaly along Angle Dam fault trend - McMahons: coincident gravity/magnetic target along parallel Roopena fault trend Aeromagnetic image of central portion of Eastern Eyre project, showing location of McMahons and Cocoa Dam in relation to 1050 East and other prospects 20

21 Eastern Eyre Project Southern fault trend Untested geophysical prospects - Multiple prospects identified within fault trend alongstrike from Extension Tank - Limited/no drilling - Cocoa Dam: magnetic anomaly along Angle Dam fault trend - McMahons: coincident gravity/magnetic target along parallel Roopena fault trend Aeromagnetic image of central portion of Eastern Eyre project, showing location of McMahons and Cocoa Dam in relation to 1050 East and other prospects 21

22 Summary Major IOCG prospects - Extension Tank - Olympic Dam copper belt - Management successful in target region Pipeline of new, untested targets Major discovery opportunity from nextphase drilling 22

23 Important notice Forward Looking Statements This Presentation may include statements that could be deemed forward-looking statements. Although Limited (the Company ) believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those expected in the forward-looking statements or may not take place at all. No Offer to Sell or Invitation to Buy This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securities in the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. The Company does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in any jurisdiction. Disclaimer Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, the Company and its representatives make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and accept no responsibility for any errors or omissions from this Presentation Competent Persons Statement The exploration results in this Presentation, insofar as they relate to mineralisation, are based on information compiled by Mr G. W. McConachy (fellow of the Australasian institute of Mining and Metallurgy) who is a director of the Company. Mr McConachy has sufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a competent person as defined by the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC code, 2012 edition). Mr McConachy consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. 23

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