Disclaimer. This presentation may contain forward-looking statements

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1 MINES & MONEY 2012

2 Disclaimer This presentation may contain forward-looking statements that reflect Weatherly s current expectations regarding future events, its liquidity and results of operations and its future working capital requirements and capital raising activities. Forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors, including the success of the Company s development strategies, the ability of the Company to obtain additional financing for its operations and the market conditions affecting the availability and terms of such financing. 1

3 Weatherly International (WTI) Weatherly is an international resources company focused on copper in Africa Weatherly s strategy in Namibia is to develop a copper mining business capable of sustaining 20,000 tpa of copper at average industry cost of production for the next ten years 2

4 Shareholder Information Listed on London s AIM (1) Common shares Warrants & options Market cap (fully diluted) Cash Debt WTI 537 million 27.7 million ~ 20 million US$ 8.5 million ~ US$ 4.7 million Key shareholders Legal & General e 14.3% Directors & associated companies (2) 8.7% Namibian Interests (3) 7.6% Blackrock 7.2% 37.8% Note 1 as at 30 September 2012 Note 2 Webster (5.1%), Martinick (3.6%) Note 3 GRN (5.1%), GIPF (2.4%) 3

5 Corporate Information Directors & Management Weatherly International plc John Bryant (Non-Executive Chairman) Rod Webster (Chief Executive Officer) Alan Stephens (Non-Executive Director) Dr Wolf Martinick (Non-Executive Director) Max Herbert (Company Secretary) Kevin Ellis (Chief Financial Officer) Jerry Burger (Project Manager Tschudi) Directors & Management Weatherly Mining Namibia Craig Thomas (MD & Chief Operating Officer) Andrew Thomson (Technical Director & Country Manager) Cleophas Mutjavikua (Non-Executive Director) Titus Haimbili (Non-Executive Director) Frans Ndoroma (Non-Executive Director) 4

6 Annual Results 2012 Financial Profit after tax of US$21.4 million for the year ended 30 June 2012 US$ million of cash generated from operating activities US$8.5 million cash at bank at 30 June 2012 Production Total Ore treated t (t) 367,505 Grade (%) 1.53 Recovery (%) Copper concentrate (t) 21,472 Copper contained (t) 5,208 5

7 Namibian Assets Weatherly Mining Namibia s (WMN) assets comprise: Two operating copper mines Three projects (on granted ML s) One prospect area Operating mines NAMIBIA Otjihase (Cu) Matchless (Cu) Tschudi (Cu) Tsumeb West (Cu) Tsumeb Tailings (Cu) Berg Aukas (Pb/ Zn) 6

8 Company Strategy Operate underground mines/copper concentrates Reduce dependence on pillar recovery Fill the concentrator Di Drive costs down Consolidate region Develop a new mine open pit/cathode th copper Exploration to expand operational resources Divest non core assets 7

9 Central Operations Otjihase Mine & Concentrator Qtr prod (31 Mar 2012) Qtr prod (30 Jun 2012) Qtr prod (30 Sep 2012) Ore treated (t) () 82,558 85,153 87,645 Grade (%) Recovery (%) Copper concentrate (t) 5,148 5,605 6,499 Copper contained (t) 1,214 1,292 1,470 8

10 Otjihase Orebodies Plan Pillar recovery Mined out New mining areas Exploration targets Active mining areas Future mining area Resource (JORC) Reserve (JORC) Cu 9

11 Matchless Plan View (projected to surface) Eastern prospect Western prospect Long Section East Shoot River Shoot West Shoot MWE Active mining areas MWE Reserve (JORC) Cu Old Matchless reserve (historical) Cu 10

12 (owned by others) 11

13 Tschudi Open Pit Development Drill Collars Pit Shells TCL Weatherly 2008 Test pit Metallurgical 2011 Typical Section Plan 12

14 Tschudi Heap Leach Project Interim & Final Pits Year 1 Years 2-5 Years 8-11 Orebody Resource (JORC) 0.86% Cu Years 5-8 Open pit reserve to 198m depth Annual mining rate Overall mining cost 0.95% Cu ~ 7m BCM material / 2-2.5mt ore $2.25/t 25/t material $19/t ore processed 13

15 Tschudi Heap Leach Project Flowsheet 14

16 Tschudi Heap Leach Project - Processing Pad Construction Design Oxides 4m Transition & Fresh 6m *Photos - Lady Annie mine, QLD Irrigation Design 11-17kg17kg acid/t ore Electrowinning ~ 17,000tpa cathode Cu recovery 85% 15

17 Tschudi Heap Leach Project - Overall Design capacity 17,000tpa copper cathode Copper recovered t (11 years) 183,300t Capital cost to be released Operating cost to be released Employment Construction ~ 800 Operations ~ 500 *Photo - Lady Annie mine, QLD 16

18 Tschudi Heap Leach Project - Location EPL132A Minesite Access Road Nampower Substation Tsumeb Smelter Tsumeb Town ML125 Granted Mining Licence expires in 2017, extension available under Minerals Act Orebody located on farms either owned by Weatherly or subject to existing land access agreements Environmental Approval granted in 2003 but subject to updating amendments Granted exploration licence to explore along strike extensions The mine will apply for an export permit once production commences 17

19 Tsumeb Town & Infrastructure Smelter acid plant in construction Railhead Airstrip Engineering Services Concentrator Accommodation 18

20 Tschudi Feasibility Management & Consultants Project Manager Jerry Burger Resources Coffey Mining i (RSA) Pit Optimisation, Reserves & Scheduling Process Labwork Process Design Criteria Pad & Pond Design SX-EW Plant (EPC) Coffey Mining (Perth) Cameron Mining (Beijing) Amdel (Perth) Mintek (RSA) Millermet (Brisbane) Knight Piesold (RSA) Logiman (RSA) Infrastructure (EPC) Logiman (RSA) Crushing Plant (B.O.O) Power Supply Water Supply Capex, Opex Financial Environment EIS/EMP B & E Engineering (RSA) Nampower Jones & Wagener (RSA) PCC Minxcon Synergistics (RSA) *Photos - Lady Annie mine, QLD 19

21 Tschudi Heap Leach Project Timeline Dec Mar 2013 Appoint EPC Address any final scope changes Commence detailed design Order long lead items Finalise Overall Funding Apr - Dec 2013 Prepare key contract packages Initial mining and site preparation Plant construction 2014 Commissioning 20

22 Regional Prospect Map TSUMEB TSCHUDI TSUMEB WEST Soil Geochemistry Red Orange Green Blue > 1,000 ppm Cu > 540 < 1000 ppm Cu > 160 < 540 ppm Cu < 160 ppm Cu 21

23 Target Production 5yr Plan Annualised tonnes of copper Otjihase/Matchless Tschudi Tschudi in Production Matchless Old Mine in Production (Calendar) Note 1 Indicative only and subject to feasibility and funding 22

24 Summary Weatherly International plc (WTI) Profitable copper mining company with total (JORC) resources of 737,000 t of copper. Mine production steadily increasing towards annualised target t (~7,000tpa). Plans to expand production at (old) Matchless underway. Development of Tschudi open pit heap leach will increase production to >25,000tpa Strategic investment in China Africa Resources (CAF) managed by WTI on behalf Chinese company East China Mineral Exploration and Development Bureau (ECE) 23