AGM 2003 www.jindalee.net MISSION STATEMENT To create wealth for - PowerPoint PPT Presentation

Resources Limited AGM 2003 www.jindalee.net

MISSION STATEMENT To create wealth for our shareholders through the discovery of world class gold and base metal deposits

INVESTMENT HIGHLIGHTS • Experienced management • Large landholdings in highly endowed provinces • JV’s with majors Strategic Alliance with Teck Cominco • Tight capital structure

MANAGEMENT • Ross “Redross” Kennedy (Chairman) . 13 years as Director of Resolute (Marymia, Chalice, Challenger, . Golden Pride, Nkran….) • Lindsay Dudfield (Managing Director) . Senior positions with Amoco and Esso (Scuddles) . Founding Director of Dalrymple Resources (8 years) • Mark Scott (Director) . Investment banker and former broker . Chairman of Kale Capital and Horizon Global Ltd • Jordan Luckett (Senior Geologist) . Experience with Battle Mountain, Delta, AurionGold, Placer

PROJECTS • Keith Kilkenny / Laverton • Murchison • West Musgraves • Mt Gibb / Hatter Hill • Royalty Interests • WILD CARD!!

PROJECT LOCATION

KEITH-KILKENNY / LAVERTON • area has very high gold endowment (Wallaby, Sunrise, Granny Smith) • target is major gold deposit beneath transported cover • JV’s with majors

KEITH KILKENNY / LAVERTON

MURCHISON • covers regional structures associated with gold camps (Meekatharra, Mt Magnet, Big Bell) • area is under explored – excellent potential for discovering major gold deposits under cover

MURCHISON

WEST MUSGRAVES • 3 tenements (640 km²) • abuts WMC’s ground (Nebo/Babel) • prospective for giant Ni-Cu-PGE deposits

WEST MUSGRAVES

MT GIBB / HATTER HILL • southern end of Forrestania belt • 5 km long gold-in-soil anomaly • potential for high grade shoots within anomaly: 6m @ 13.9 g/t 6m @ 5.45 g/t • probable ultramafics (Ni) in new ELA’s • strong interest from several parties

MT GIBB / HATTER HILL

ROYALTY INTERESTS • Kookynie (Au) - covers most of past production (0.5M oz) - 0.1 mt resource triggers payment • West Kundana (Au) - prospective area adjacent to Kundana mine • Mt Remarkable (lateritic Ni) - Cougar to purchase resources by Jan ‘05 - Jindalee receives royalty on all ore mined

WILD CARD!! • advanced project divested by major? • new 100% Jindalee application? • submittal from third party? • may already be in our portfolio

WHY JINDALEE? • Experienced (>80 yrs) & motivated team • Strategic Alliance with Teck Cominco (3rd largest shareholder with 7.5%) • Large land positions in well endowed belts • Low overheads = low burn rate • Tight capital structure = high leverage!!!

FAST ON OUR FEET

TAKE CALCULATED RISKS

CAPITAL STRUCTURE • 20.8m Shares on issue (2.3m escrowed) 8.1m Options (exercisable @ 25c; 30/06/05) 2.38m Options (exercisable @ 35c; 30/06/07) • Top 5 Shareholders (20 November 2003) 1. Kale Capital 2.72m (*1.81) 13.07% 2. Lindsay Dudfield 2.28m (*0.42) 10.98% 3. Teck Cominco 1.55m 7.45% 4. Jopan Management 1.04m 5.00% 5. Yandal Investments 0.90m 4.32% 8.49m 40.82% * escrowed for 2 years

MINOTAUR RESOURCES Share Price Comparison 350 3m shares placed @ 300 $2.10 (IC=24.4m) 250 Share Price 200 IC=36.2m 150 SPP @ 10c 100 UR-01 intercept 50 (16c) (16c) 0 01/1/99 07/1/99 01/1/00 07/1/00 01/1/01 07/1/01 01/1/02 07/1/02 01/1/03 07/1/03

Share Price 100 150 200 250 300 350 50 0 01/1/99 DALRYMPLE RESOURCES 04/1/99 07/1/99 10/1/99 Share Price Comparison 01/1/00 04/1/00 07/1/00 10/1/00 01/1/01 04/1/01 07/1/01 10/1/01 01/1/02 04/1/02 07/1/02 10/1/02 01/1/03 04/1/03 07/1/03 10/1/03

JINDALEE RESOURCES

JINDALEE Undervalued relative to peers! 50 D SIB (179c) 40 Capitalisation ($m) 30 IMA HHM (33c) (27c) 20 AVO (18c) GIR (16c) 10 JRL JAK (28c) (25c) DEG MDS VCN (15c) (17c) (15c) 0 0 20 40 60 80 100 Issued Capital (m)

TIMING

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