ASX Spotlight Asia Investor Conference 27 - 29 May 2014

Important notice

This presentation contains certain statements which may constitute "forward-looking statements.” Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements. No representation or warranty, express or implied, is made by Indophil Resources NL (the Company) that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information.

The information in this presentation that relates to mineral resource estimates is based on information compiled by the Tampakan Project geology team in the Philippines and the Xstrata Copper (now Glencore) resource evaluation team. The mineral resource information was developed and compiled under direction of a full-time employee of Xstrata Copper (now Glencore) and a Member of the Australasian Institute of Mining and Metallurgy (AusIMM) who is defined as a Competent Person in the 2004 edition of the “Australasian Code for Reporting of Exploration Results.” The designated Competent Person has consented to the geological interpretation as contained in Indophil’s announcement to the ASX on 27 January 2012, and is duly summarised in this presentation. For detailed information, please refer to the ASX announcement on website ‘www.indophil.com’.

* All currencies in Australian dollars unless stated otherwise.

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Indophil at a glance

ASX listed IRNIssued shares 1,203MShare price (26 May) 15cMarket cap (approx.) $180M

Cash: 30 April 2014 $209.8M

Cash backing approx. 17.4cps

Chairman Brian PhillipsCEO/MD Richard Laufmann Executive Director Tony RobbinsDirector Kyle WightmanDirector David CarlandDirector Nick Alcantara (Alsons)Director Ricky DyBuncio (SM Group)

And: Philex 2.43%, San Miguel 3.99%

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Major ShareholdersAlsons Group 19.99 %

Glencore 13.06%

Acorn Capital 8.25%

Van Eck Associates 7.84%

Tampakan history

WMC completes

initial scoping

and feasibility studies

IndophilPFS

completed - 1.97 Bt @

0.6% Cu resource

Xstrata completes

extended PFS - Resource

upgrade 2.49 Bt @ 0.6%

Cu.Final FS

starts

Glencore acquires 100% of Xstrata -Project

workforce and cost

reductions

WMC discovers Tampakan

Columbio FTAA

(Tampakan Project)

transfers to Indophil and SMI

Xstrata assumes project

control – 62.5%

Resource upgrade

2.94 Bt @ 0.51% Cu

Glencore sells Las

Bambas in Peru*

1992 2002 2007 2012 2014

1997 2006 2009 2013

* Tampakan no longer a forced sale asset under Glencore’s MOFCOM merger approval

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Tampakan – the asset and interests

Ore2.94 Bt

Cu

Au

15 Mt Copper

Glencore62.5%

17.6 Moz Gold

Indophil Resources37.5%

Tampakan is held by SMI under a contract to the Government of the Philippines (The Columbio FTAA – Financial & Technical Assistance Agreement)

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Tampakan is globally important

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(Glencore/Highlands- PanAust)

(Glencore)

(Glencore/Indophil)

Located in Southern Mindanao

Final Mine Area

Concentrate pipeline

Port, power station, filter plant

Tampakan7

Tampakan project is robust

Years 1 – 5: Cu 450Ktpa and Au 435Kozpa

1st quartile

(Note:Less US$900M to be outsourced for power station development)

Cu Au375,000tpa 360,000ozpa

Project cost to date: >US$500M

First quartile cash costs

First quartile stripping ratio (waste : ore) tonnes

Ore throughput is among world’s largest

1.19 : 1

66 Mtpa

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US$ 6 Bn

Mining

ProcessingInfrastructure

Power

Feasibility Study design – Year 5

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Feasibility Study design – Year 20

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Benefits for the Philippines

Total taxes (project life)

Extra economic growth of 1% GDP

Royalties

Employment• 10,000+ in construction• 2,000+ in production• Plus suppliers and contractors

Major social benefits

New roads and electricity supply

$6.3 Bn

$13 Bn

Low prices Medium prices

$2.8Bn pa

$1Bn

Poverty Income Health Education& Training

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Strong community support

• Community agreements:

• • With local government & Indigenous Peoples groups - our long-term development partners

• 2013 PHP 82M* (US$2M) community development programs:

• • Community development and infrastructure

• • Health services (over 12,000 people)

• • Education (almost 13,000 students)

• • Livelihood support, skills training

• Community spend for 2014 – more than PHP 64M (US$1.6M)

12* Direct & indirect expenditure

Environmental leaders

• Philippine President’s Award:• 2004, 2006, 2009, 2010, 2011,

2012 and 2013

• Environmental Impact Assessment studies:• EIA completed 2010

• Mine ECC granted and accepted

• Environmental management plans:• World-class programs –

focus on water and land uses

• EPEP and FMRDP ready

• Community-based monitoring

• Small-scale mining – monitoring the impact

EIA: Environmental Impact Assessment. ECC: Environmental Compliance Certificate. EPEP: Environmental Protection and Enhancement Plan. FMRDP: Final Mine Rehabilitation and Decommissioning Plan

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2014 Work Plan

Glencore resets the project to:

• Engage governments to define and agree a pathway to approval and financial investment decision

• Focus on 9 issues including FPIC, LGU endorsement, project permitting, land access and titles with MICC and IAWG

• Maintain all local community and government relationships and support arrangements, including community development funds

• Complete a restructure to reduce project cost and workforce• less than US$10M for 2014 (IRN share approx. US$4M)

FPIC: The Free Prior Informed Consent process for Indigenous Peoples, lead by the government’s National Council on Indigenous Peoples (NCIP). LGU: Local Government Units including Barangays (Villages), Municipalities and Provinces. MICC: The Mining Industry Coordinating Council. IAWG: The Tampakan Project Inter-Agency Working Group (a committee of the MICC) – both as representatives of the Philippine Government.

MICC and IAWG progress

SMI is engaged with the MICC and IAWG, and progress is being made on major project issues:• Project feasibility submissions to be made by end Q2• LGU endorsement process to start in Q2• NCIP led and resourced FPIC process to start in Q3• Project permitting proposal to be submitted• Land access processes to be accelerated through government

agencies• Positive signs on open pit mining issue• Complete EIA process for offsite infrastructure (pipeline,

powerline, filter plant)

Tampakan – future timeline

Offsite infrastructure EIA completed

FPIC, LGU, Resettlement, Update FS, Financing, DMF

Mine ECC granted Construction

2013 2019*

2014 2016

DMF: Declaration of Mining Feasibility . * First production date remains subject to government approvals.

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FIRST PRODUCTION

2015

Where to from here?

Move Tampakan to approval

and development

Own Tampakan 100%

Acquire new operating asset?

Invest in new development ready

projects?

Divest Tampakan

Acquire new exploration projects?

Indophil well funded to pursue the best value outcome…

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Thank You

For further information please contact:

Gavan Collery gavan.collery@indophil.com

+61 3 8620 5800

Neil Grimesneil.grimes@indophil.com

+61 3 8620 5800

www.indophil.com

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