Developing a World Class Gold Deposit in Western Australias Premier Goldfield Company Presentation – June 2012

Developing a World Class Gold Deposit in Western Australia’s Premier Goldfield

Company Presentation – June 2012

Important Notice


These presentation slides (the “Slides”) do not comprise an admission document, listing particulars or a prospectus relating to Bullabulling Gold Limited (“the Company”) or any subsidiary of the Company, do not constitute an offer or invitation to purchase or subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities in the Company.

The Slides and the accompanying verbal presentation are confidential and the Slides are being supplied to you solely for your information and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Company or their respective shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud).

The Slides contain forward-looking statements, which relate, inter alia, to the Company’s proposed strategy, plans and objectives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and the Company accepts no obligation to disseminate any updates or revisions to such forward-looking statements.

The Slides and their contents are directed only at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (such as persons who are authorised or exempt persons within the meaning of the Financial Services and Markets Act 2000 and certain other persons having professional experience relating to investments, high net worth companies, unincorporated associations or partnerships and the trustees of high value trusts) and persons to whom distribution may otherwise lawfully be made. Any investment, investment activity or controlled activity to which the Slides relate is available only to such persons and will be engaged in only with such persons.

Persons of any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon the Slides.

The Securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, any US Person as that term is defined in Regulation S under the US Securities Act. The Company has not been registered and will not register under the United States Investment Company Act of 1940, as amended.

Competent Person StatementThe information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based upon information compiled by Dr Jeffrey Malaihollo, who is a director of the Company and Fellow of The Australasian Institute of Mining and Metallurgy and a Fellow of the Geological Society of London. Dr Malaihollo has sufficient experience relevant to the style of mineralization and type of deposit under consideration and the activity in which he is undertaking to qualify as a Competent Person under 2004 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Dr Malaihollo consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Corporate Overview

Corporate Structure• Listed on the ASX (ticker BAB) and AIM (ticker BGL) in March 2012• 289 million fully paid shares on issue• 10.9 million unlisted options• Effective cash balance end of March quarter 2012 – A$11.3 million


Top 5 Shareholders• Baker Steel• Blackrock• CQS• Henderson Global• Phoenix Gold Fund

Board of Directors• Peter Mansell – Chairman• Brett Lambert – Managing Director• David McArthur – Executive Director/CFO• Chris Baker – Non-executive Director• John Lawton – Non-executive Director• Jeff Malaihollo – Non-executive Director

1

Bullabulling Gold Project

• 100% owned by Bullabulling Gold Limited• Located in Western Australia’s Eastern Goldfields 60 km west of Kalgoorlie• 3.4 million ounces of JORC compliant gold resources on granted Mining Leases• Significant resource growth potential• Amenable to large scale bulk tonnage mining and conventional CIL processing• Well serviced by existing public infrastructure• Pre-feasibility Study underway

Company Presentation – June 2012 2

Prior Mining Activity

• 12,000 historic drill holes– average hole depth only 34 m

• 370,000 oz produced– predominantly by Resolute in

mid1990’s– average grade 1.45 g/t– closed with gold price at $350/oz

• Deepest pit is only 80 m• Previous mining represents only

10% of current resource• Prior mining records have

provided valuable technical data


Strong ResourceGrowth Delivered

• Over 110,000m of diamond and RC drilling completed since acquisition

• Significant resource growth achieved– 680% increase in two years

• Majority of resource elevated to Indicated category

• Independent sign-off on resource by leading resource consultancy


Bullabulling Gold Project Resource Estimate

Deposit Class Tonnes

(Mt)Grade

g/tContained

Ounces

Bullabulling Laterite Inferred 1.6 0.89 46,000

Bullabulling PrimaryIndicated 72.1 0.92 2,132,000

Inferred 29.0 1.10 1,026,000

Bullabulling Total 102.8 0.96 3,204,000

Gibraltar Inferred 4.5 1.12 162,000

Project Total 107.3 0.97 3,366,000 * Cut-off grade of 0.5 g/t

4

Consistent ContinuousGold Mineralisation

• Broad zones of mineralisation• Excellent continuity along strike

and down dip


Resource Model Cross-Section at 6 566 870mN

500m

Resource Model Plan View at 80m DepthBacchus – Phoenix Area

3 km

5

Tonnage-Grade Relationship Provides Flexibility


Tonnage-Grade Table for Bullabulling Primary Mineralisation

Cut-off Category Tonnes (Mt) Au g/t Ounces Au

1.0 Ind+Inf 29 1.70 1,585,0000.7 Ind+Inf 57 1.25 2,310,0000.6 Ind+Inf 75 1.11 2,686,0000.5 Ind+Inf 102 0.96 3,169,0000.4 Ind+Inf 143 0.82 3,745,0000.3 Ind+Inf 203 0.68 4,416,000

• Flexibility to schedule mining to maximise value

• Ability to adapt to changes in economic conditions

6

Detailed PrefeasibilityStudy Underway

• Base case production rate of 7.5 million tonnes per annum• Approximately 200,000 ounces per annum• Initial mine life of 10 years targeted• The deposit is amenable to high tonnage, bulk mining techniques• Low stripping ratio 3:1• Conventional CIL process flowsheet achieves high gold recovery• No heritage, ethnographic or environmental impediments identified• First production scheduled for 2015


Prefeasibility Study – Highly Experienced Team Assembled

Primary Consultants Engaged on the Bullabulling PFS• Resource Estimation Snowden• Mined Design and SchedulingCSA Global• Geotechnical Engineering Mining One• Metallurgical Testwork Abesque/Ammtec• Process Engineering and Design GR Engineering Services• Tailings Storage and Hydrology Knight Piesold• Hydrogeology/water supply Rockwater• Power supply Power Assist Consulting• Environmental assessment RPS Aquaterra• Heritage & Community Kellie Hill Consulting• Study Management John Barton/Alistair Campbell


Potential for Further Significant Resource Growth

• 10 kilometre mineralised Bullabulling Trend not yet fully explored

• Resource upgrade underway at Gibraltar– 24 new drill holes– significant intercepts outside existing resource

• Resource estimate underway for Geko*– upgrade of historic resource to JORC– supported by BGL confirmation holes

• Geophysics has identified potential for an east dipping limb, parallel to the current west dipping Bullabulling deposit

• Near-term exploration will focus on targets that can contribute to the PFS

*Bullabulling Gold has an option to acquire the Geko Project


Geophysics Highlights Exciting Further Potential at Bullabulling

• Geophysics used to interpret geology beneath soil cover

• Results correlate well with drilling, showing the deposit on the western limb of an anticline

• 3 priority targets identified– Eastern limb of the anticline,

could replicate existing deposit– Fold unconformities, structural

traps for gold mineralisation– Vertical “feeder” structures with

potential for high grade gold• Existing drill results support high

grade potential, including:– 7 metres at 77 g/t– 5 metres at 14 g/t– 9 metres at 11.9 g/t– 9 metres at 10.5 g/t– 4 metres at 14.5 g/tCompany Presentation – June 2012 10

Seismic Data - Vertical Plane Across Deposit← West – East →

“Feeder” Structures

Fold Unconformities

Drill X-Section

Interpreted Eastern Limb


3D Modelling Identifies Regional Growth Potential

11

Bullabulling Gold Overview

• 100% ownership of a well defined world class gold resource• The size of the deposit provides attractive economies of scale• Proximity to infrastructure and major population centres provides

cost and logistical advantages• Evaluation of development options is well advanced• Strong resource growth has been delivered with potential for further

significant resource expansion identified• A board with the capability and experience take the project forward• Bullabulling Gold Limited is singularly focussed on developing a high

tonnage, low cost, long life gold mining operation


Documents

Developing a World Class Gold Deposit in Western Australias Premier Goldfield Company Presentation – June 2012