Ann: Investor Presentation , page-3

Fantastic Job, well done Pluton Management team.

Achievements to Date


Commenced Cockatoo Island operations October 2012

Introduced new mining service provider -Watpac Civil and Mining

Removed old Ore Handling Plant (“OHP”), the 100kt ore storage facility and installed /commissioned new OHP

Loaded 1st vessel MV Navios Horizon 13 December 2012

Pluton has shipped nine vessels to date totalling 395Kt DSO with an average grade 60.55%Fe

Mobilised a small and experienced on-site Pluton team

Operating costs are reducing as we progress towards increase tonnages

The first of 3 ships for the month of June left port for China on 9 June 2013

100% Safety record, with no lost time injuries

Established and executed significant ore off take agreements

Proven capability to deliver and revenue stream established