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RES Broken Hill Symposium
        May 2012
Disclaimer
•   The information contained in this presentation has been prepared by MacPhersons Resources Ltd (MRP).
    This presentation is not an offer, invitation, solicitation or other recommendation with respect to the
    subscription for, purchase or sale of any securities in MRP. This presentation has been made available for
    information purposes only and does not constitute a prospectus, short form prospectus, profile statement or
    offer information statement. This presentation is not subject to the disclosure requirements affecting
    disclosure documents under Chapter 6D of the Corporations Act.
•   While the information contained in this presentation has been prepared in good faith, neither MRP nor any
    of its directors, officers, employees, agents or advisors give any representation or warranty, express or
    implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and
    conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of
    MRP, its directors, officers, employees, agents, advisers, nor any other person accepts any liability whether
    direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy
    or completeness of the information or for any of the opinions contained in this presentation or for any errors,
    omissions or misstatements or for any loss, howsoever arising, from the use of this presentation.
•   This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks,
    uncertainties and other factors, many of which are outside the control of MRP, can cause actual results to
    differ materially from such statements. Such risks and uncertainties include, but are not limited to,
    commodity price volatility, increased production costs and variances in ore grade recovery rates from those
    assumed in mining plans, as well as political and operational risks and governmental regulation and judicial
    outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour
    to ensure that they are fair and reasonable at the time of making the presentation.
•   Investors are cautioned that any forward looking statements are not guarantees of future performance and
    that actual results or developments may differ materially from those projected in any forward looking
    statements made.
•   Exploration targets are conceptual in nature and drilling may not convert these to resources.


                                                                                                                  2
              May 2012 – RES Broken Hill Symposium
3
May 2012 – RES Broken Hill Symposium
Corporate
ASX Code:           MRP
ASX Listed:         24 December 2010
Ordinary Shares:    215 million                   MRP
Unlisted Options:   22 million
Market Cap:         A$75m at 35 cents
Cash:               A$11m

Projects
100% Nimbus Silver-Gold-Zinc VHMS                 XMM
100% Boorara/Coolgardie Gold Assets

Substantial Shareholders
Directors/Management: 37%


                                                    4
           May 2012 – RES Broken Hill Symposium
Bund Wall ~R3 Optimised Pit Model




                                           Nimbus Statistics (2007 – by private company)
                                           Tonnes:              318,992 tonnes
                                           Average Grade:       352 g/t silver
                                           Production:          3.6 Moz silver
                                           Operating Cost:      $6.54 / oz
                                           Average Sell Price: $9.07 / oz

                                              2012 Price: $30-$37 / oz (90 day range)
                                              9.4 Moz Silver & 32,700 tonnes Zinc 5
            May 2012 – RES Broken Hill Symposium
                                              9 additional Ag and polymetallic deposits
Nimbus Video




                             2



                                            1

                                    3
                                                6
     May 2012 – RES Broken Hill Symposium
Our Opportunities – 9 Deposits




     JORC Mineral Resource 9.4 Moz Ag + 32.7Kt Zn
   Mineral Resource Category       Tonnes        Grade (g/t Ag)   Ounces Ag
          Measured Stockpile        142,000           65              0.3M
                Inferred Oxide      120,000           75              0.3M
           Inferred Transitional    510,000           125             2.1M
Inferred Primary to 260m depth     1,690,000          124             6.7M
                                                                       9.4M
                          TOTAL 2,462,000
          May 2012 – RES Broken Hill Symposium        119                  7
                                                                  + 32.7KT Zinc
8
May 2012 – RES Broken Hill Symposium
9
May 2012 – RES Broken Hill Symposium
Third VHMS Lens Potential




                                            In Progress




                                                          10
     May 2012 – RES Broken Hill Symposium
180




                                             11
May 2012 – RES Broken Hill Symposium
Target – Leading Silver Producer




                        Current Mill Capacity – 180ktpa
                        2013 – Mill Expansion – 480ktpa
                        2014 – Sulphide Plant – Zinc Conc



                                                            12
       May 2012 – RES Broken Hill Symposium
Nimbus Exploration Potential




                                              13
       May 2012 – RES Broken Hill Symposium
Merged Big Pit on 2014 Zinc
R10 / Pit shell 28 - $124M uNPV
                                                $30/oz Ag    - $ 91M uNPV
                                                $35/oz Ag    - $124M uNPV
                                                $40/oz Ag    - $151M uNPV
                                                2014 Zn/Ag   - $240M uNPV




Third Lens
Potential Pit

                                                                    14
         May 2012 – RES Broken Hill Symposium
Silver Resource Target




                                              15
       May 2012 – RES Broken Hill Symposium
Boorara Gold Project




                                              16
       May 2012 – RES Broken Hill Symposium
Key Assets - Points of Difference

• Move to Producer
• Polymetallic
• Silver - Gold - Zinc

   ASX: MRP
   Price: 35 cents
   Mkt Cap: A$75m

          www.MRPresources.com.au
                                              17
       May 2012 – RES Broken Hill Symposium
Supporting Information
• The following slides provide supporting information




         May 2012 – RES Broken Hill Symposium
People
Chairman (Executive)                          Managing Director (Executive)
Ashok Parekh                                  Morrie Goodz
BBus, FCA, AIMM, FTIA                         MSc (Mining Geol), MBA, FAIMM
Chartered Accountant                          Cert Mine Manager
33 years experience                           Geologist – 34 years experience
Coordinates assets for IPOs                   Discovered/designed 4 decline mines


Non-Executive Director                        Company Secretary
Jeffrey Williams                              Stephen Hewitt-Dutton
BSc (Mining Eng), MBA, FAIMM                  BBus, CA, SA Fin
Mining Engineer – 39 yrs experience           Chartered Acct – 18 years experience
Founder – Mineral Deposits (MDL)              Specialist – Mergers & Acquisitions


Operations Management                         Project Metallurgist
Ron Ellis                                     Adrian Hall
BSc (Mining Eng)                              BSc (Extractive Metallurgy)
Cert Mine Manager                             10 years experience
25 years experience                           Commissioned 4/6 processing facilities
Manager of Operating Mines


                                                                                       19
              May 2012 – RES Broken Hill Symposium
Competent Person Statement

The information in this presentation that relates to mineral resources and
exploration results is based on information compiled by Mr Morrie Goodz,
who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr
Morrie Goodz is a full time officer of MacPhersons Resources Ltd and 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 Goodz has given his consent
to the inclusion in this presentation of the matters based on the
information in the form and context in which it appears.




                                                                       20
         May 2012 – RES Broken Hill Symposium
Elephant Country




                                             21
      May 2012 – RES Broken Hill Symposium
Target Plan to Production

    •   Nimbus Silver-Gold-Zinc Mines
             Mill recommission – 2012
             New Merrill Crowe – Q1 2013
             Pit cutbacks and tailings processing
             9 Massive Sulphide VHMS lenses
             2012 - 2014

     • Boorara – Coolgardie Gold Projects
             Tycho pit optimisation and mine plan
             MacPhersons JORC update
             Boorara – Mt Monger shear zones

                                                     22
        May 2012 – RES Broken Hill Symposium
Discovery Pit




                                       23
May 2012 – RES Broken Hill Symposium
Silver Bars produced at Nimbus




                                             24
      May 2012 – RES Broken Hill Symposium
Classified Resources




                                             Unclassified Resources
                                             200 - 1000 g/t silver



Potential to Increase Resources
Along Strike to Discovery Pit
      May 2012 – RES Broken Hill Symposium                            25
Measured Resource




                                            26
     May 2012 – RES Broken Hill Symposium
27
May 2012 – RES Broken Hill Symposium
Third VHMS Lens




                                            28
     May 2012 – RES Broken Hill Symposium
Nimbus Silver Pits
• Mining completed 2006 - 2007 to top of supergene zone
• 3.6 million ounces silver at 352 g/t (11.4 oz/t silver or 9 g/t gold equiv)
• Ore was still exposed in all 4 leading pit faces and pit floor




            May 2012 – RES Broken Hill Symposium
30
May 2012 – RES Broken Hill Symposium
Boorara Proposed Open Pit

 SignificantWireframes >350 g/t Silver
            gold deposit
 within 2km of Nimbus

                                                  7m @ 112g/t gold
                                              (incl 1m @ 738g/t gold)
                                                 500m north of CAT




                                                                  31
       May 2012 – RES Broken Hill Symposium
Coolgardie Gold Project




                                             32
      May 2012 – RES Broken Hill Symposium
Coolgardie Gold Project




                                             33
      May 2012 – RES Broken Hill Symposium
Pit Design Study Under Way
                   Tycho Pit Optimisation
Q4 2011 Projects
• Tycho JORC
  Update

• Metallurgical
  Testwork

• Pit Model Study

• Complete MacP
  Drill Program
                                              Blue and white
                                              blocks are classified
                                              resource
           February 2012 – Corporate Update
Video Flyover (on-line)




                                             35
      May 2012 – RES Broken Hill Symposium

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MacPhersons Resources Limited- Resources & Energy Symposium 2012

  • 1. RES Broken Hill Symposium May 2012
  • 2. Disclaimer • The information contained in this presentation has been prepared by MacPhersons Resources Ltd (MRP). This presentation is not an offer, invitation, solicitation or other recommendation with respect to the subscription for, purchase or sale of any securities in MRP. This presentation has been made available for information purposes only and does not constitute a prospectus, short form prospectus, profile statement or offer information statement. This presentation is not subject to the disclosure requirements affecting disclosure documents under Chapter 6D of the Corporations Act. • While the information contained in this presentation has been prepared in good faith, neither MRP nor any of its directors, officers, employees, agents or advisors give any representation or warranty, express or implied, as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. Accordingly, to the maximum extent permitted by law, none of MRP, its directors, officers, employees, agents, advisers, nor any other person accepts any liability whether direct or indirect, express or limited, contractual, tortuous, statutory or otherwise, in respect of the accuracy or completeness of the information or for any of the opinions contained in this presentation or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of this presentation. • This presentation may contain statements that may be deemed ‘forward looking statements’. Forward risks, uncertainties and other factors, many of which are outside the control of MRP, can cause actual results to differ materially from such statements. Such risks and uncertainties include, but are not limited to, commodity price volatility, increased production costs and variances in ore grade recovery rates from those assumed in mining plans, as well as political and operational risks and governmental regulation and judicial outcomes. MRP makes no undertaking to update or revise such statements, but has made every endeavour to ensure that they are fair and reasonable at the time of making the presentation. • Investors are cautioned that any forward looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in any forward looking statements made. • Exploration targets are conceptual in nature and drilling may not convert these to resources. 2 May 2012 – RES Broken Hill Symposium
  • 3. 3 May 2012 – RES Broken Hill Symposium
  • 4. Corporate ASX Code: MRP ASX Listed: 24 December 2010 Ordinary Shares: 215 million MRP Unlisted Options: 22 million Market Cap: A$75m at 35 cents Cash: A$11m Projects 100% Nimbus Silver-Gold-Zinc VHMS XMM 100% Boorara/Coolgardie Gold Assets Substantial Shareholders Directors/Management: 37% 4 May 2012 – RES Broken Hill Symposium
  • 5. Bund Wall ~R3 Optimised Pit Model Nimbus Statistics (2007 – by private company) Tonnes: 318,992 tonnes Average Grade: 352 g/t silver Production: 3.6 Moz silver Operating Cost: $6.54 / oz Average Sell Price: $9.07 / oz 2012 Price: $30-$37 / oz (90 day range) 9.4 Moz Silver & 32,700 tonnes Zinc 5 May 2012 – RES Broken Hill Symposium 9 additional Ag and polymetallic deposits
  • 6. Nimbus Video 2 1 3 6 May 2012 – RES Broken Hill Symposium
  • 7. Our Opportunities – 9 Deposits JORC Mineral Resource 9.4 Moz Ag + 32.7Kt Zn Mineral Resource Category Tonnes Grade (g/t Ag) Ounces Ag Measured Stockpile 142,000 65 0.3M Inferred Oxide 120,000 75 0.3M Inferred Transitional 510,000 125 2.1M Inferred Primary to 260m depth 1,690,000 124 6.7M 9.4M TOTAL 2,462,000 May 2012 – RES Broken Hill Symposium 119 7 + 32.7KT Zinc
  • 8. 8 May 2012 – RES Broken Hill Symposium
  • 9. 9 May 2012 – RES Broken Hill Symposium
  • 10. Third VHMS Lens Potential In Progress 10 May 2012 – RES Broken Hill Symposium
  • 11. 180 11 May 2012 – RES Broken Hill Symposium
  • 12. Target – Leading Silver Producer Current Mill Capacity – 180ktpa 2013 – Mill Expansion – 480ktpa 2014 – Sulphide Plant – Zinc Conc 12 May 2012 – RES Broken Hill Symposium
  • 13. Nimbus Exploration Potential 13 May 2012 – RES Broken Hill Symposium
  • 14. Merged Big Pit on 2014 Zinc R10 / Pit shell 28 - $124M uNPV $30/oz Ag - $ 91M uNPV $35/oz Ag - $124M uNPV $40/oz Ag - $151M uNPV 2014 Zn/Ag - $240M uNPV Third Lens Potential Pit 14 May 2012 – RES Broken Hill Symposium
  • 15. Silver Resource Target 15 May 2012 – RES Broken Hill Symposium
  • 16. Boorara Gold Project 16 May 2012 – RES Broken Hill Symposium
  • 17. Key Assets - Points of Difference • Move to Producer • Polymetallic • Silver - Gold - Zinc ASX: MRP Price: 35 cents Mkt Cap: A$75m www.MRPresources.com.au 17 May 2012 – RES Broken Hill Symposium
  • 18. Supporting Information • The following slides provide supporting information May 2012 – RES Broken Hill Symposium
  • 19. People Chairman (Executive) Managing Director (Executive) Ashok Parekh Morrie Goodz BBus, FCA, AIMM, FTIA MSc (Mining Geol), MBA, FAIMM Chartered Accountant Cert Mine Manager 33 years experience Geologist – 34 years experience Coordinates assets for IPOs Discovered/designed 4 decline mines Non-Executive Director Company Secretary Jeffrey Williams Stephen Hewitt-Dutton BSc (Mining Eng), MBA, FAIMM BBus, CA, SA Fin Mining Engineer – 39 yrs experience Chartered Acct – 18 years experience Founder – Mineral Deposits (MDL) Specialist – Mergers & Acquisitions Operations Management Project Metallurgist Ron Ellis Adrian Hall BSc (Mining Eng) BSc (Extractive Metallurgy) Cert Mine Manager 10 years experience 25 years experience Commissioned 4/6 processing facilities Manager of Operating Mines 19 May 2012 – RES Broken Hill Symposium
  • 20. Competent Person Statement The information in this presentation that relates to mineral resources and exploration results is based on information compiled by Mr Morrie Goodz, who is a Fellow of the Australasian Institute of Mining and Metallurgy. Mr Morrie Goodz is a full time officer of MacPhersons Resources Ltd and 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 Goodz has given his consent to the inclusion in this presentation of the matters based on the information in the form and context in which it appears. 20 May 2012 – RES Broken Hill Symposium
  • 21. Elephant Country 21 May 2012 – RES Broken Hill Symposium
  • 22. Target Plan to Production • Nimbus Silver-Gold-Zinc Mines  Mill recommission – 2012  New Merrill Crowe – Q1 2013  Pit cutbacks and tailings processing  9 Massive Sulphide VHMS lenses  2012 - 2014 • Boorara – Coolgardie Gold Projects  Tycho pit optimisation and mine plan  MacPhersons JORC update  Boorara – Mt Monger shear zones 22 May 2012 – RES Broken Hill Symposium
  • 23. Discovery Pit 23 May 2012 – RES Broken Hill Symposium
  • 24. Silver Bars produced at Nimbus 24 May 2012 – RES Broken Hill Symposium
  • 25. Classified Resources Unclassified Resources 200 - 1000 g/t silver Potential to Increase Resources Along Strike to Discovery Pit May 2012 – RES Broken Hill Symposium 25
  • 26. Measured Resource 26 May 2012 – RES Broken Hill Symposium
  • 27. 27 May 2012 – RES Broken Hill Symposium
  • 28. Third VHMS Lens 28 May 2012 – RES Broken Hill Symposium
  • 29. Nimbus Silver Pits • Mining completed 2006 - 2007 to top of supergene zone • 3.6 million ounces silver at 352 g/t (11.4 oz/t silver or 9 g/t gold equiv) • Ore was still exposed in all 4 leading pit faces and pit floor May 2012 – RES Broken Hill Symposium
  • 30. 30 May 2012 – RES Broken Hill Symposium
  • 31. Boorara Proposed Open Pit SignificantWireframes >350 g/t Silver gold deposit within 2km of Nimbus 7m @ 112g/t gold (incl 1m @ 738g/t gold) 500m north of CAT 31 May 2012 – RES Broken Hill Symposium
  • 32. Coolgardie Gold Project 32 May 2012 – RES Broken Hill Symposium
  • 33. Coolgardie Gold Project 33 May 2012 – RES Broken Hill Symposium
  • 34. Pit Design Study Under Way Tycho Pit Optimisation Q4 2011 Projects • Tycho JORC Update • Metallurgical Testwork • Pit Model Study • Complete MacP Drill Program Blue and white blocks are classified resource February 2012 – Corporate Update
  • 35. Video Flyover (on-line) 35 May 2012 – RES Broken Hill Symposium