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Aditya Birla Minerals LtdInvestor Presentation

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Aditya Birla Minerals LtdInvestor Presentation

17 May 2012For

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Disclaimer and Competent Persons Statement

This presentation has been prepared by Aditya Birla Minerals Limited (“ABML”) and consists of written materials/slides for a presentation concerning ABML.By reviewing/attending this presentation, you agree to be bound by the following conditions.

No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information, contained in the presentation orof the views, opinions and conclusions contained in this material. To the maximum extent permitted by law, ABML and its related bodies corporate andaffiliates, and its respective directors, officers, employees, agents and advisers disclaim any liability (including, without limitation any liability arising fromfault or negligence) for any loss or damage arising from any use of this material or its contents, including any error or omission there from, or otherwisearising in connection with it.

Some statements in this presentation are forward-looking statements. Such statements include, but are not limited to, statements with regard to capacity,future production and grades, projections for sales growth, estimated revenues and reserves, targets for cost savings, the construction cost of new projects,projected capital expenditures, the timing of new projects, future cash flow and debt levels, the outlook for minerals and metals prices, the outlook foreconomic recovery and trends in the trading environment and may be (but are not necessarily) identified by the use of phrases such as “will”, “expect”,“anticipate”, “believe” and “envisage”. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend oncircumstances that will occur in the future and may be outside ABML’ control. Actual results and developments may differ materially from those expressed orimplied in such statements because of a number of factors, including levels of demand and market prices, the ability to produce and transport productsprofitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economicconditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation.

Given these risks and uncertainties, undue reliance should not be placed on forward-looking statements which speak only as at the date of the presentation.Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, ABML does not undertake any obligation to publiclyrelease any updates or revisions to any forward looking statements contained in this presentation, whether as a result of any change in ABML’s expectationsin relation to them, or any change in events, conditions or circumstances on which any such statement is based.

Certain statistical and other information included in this presentation is sourced from publicly available third party sources and has not been independentlyverified.

All figures are expressed in Australian dollars unless stated otherwise.

Competent Persons Statement

The Information in this release that relates to exploration results is based on information compiled by Sean Sivasamy, a Member of the Australasian Instituteof Mining and Metallurgy and Maurice Hoyle, a Fellow of the Australasian Institute of Mining and Metallurgy, both of whom are full time employees of theCompany. Sean Sivasamy and Maurice Hoyle have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration andto the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of ExplorationResults, Mineral Resources and Ore Reserves. Sean Sivasamy and Maurice Hoyle consent to the inclusion in the release of the matters based on thisinformation in the form and context in which it appears.

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This presentation has been prepared by Aditya Birla Minerals Limited (“ABML”) and consists of written materials/slides for a presentation concerning ABML.By reviewing/attending this presentation, you agree to be bound by the following conditions.

No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information, contained in the presentation orof the views, opinions and conclusions contained in this material. To the maximum extent permitted by law, ABML and its related bodies corporate andaffiliates, and its respective directors, officers, employees, agents and advisers disclaim any liability (including, without limitation any liability arising fromfault or negligence) for any loss or damage arising from any use of this material or its contents, including any error or omission there from, or otherwisearising in connection with it.

Some statements in this presentation are forward-looking statements. Such statements include, but are not limited to, statements with regard to capacity,future production and grades, projections for sales growth, estimated revenues and reserves, targets for cost savings, the construction cost of new projects,projected capital expenditures, the timing of new projects, future cash flow and debt levels, the outlook for minerals and metals prices, the outlook foreconomic recovery and trends in the trading environment and may be (but are not necessarily) identified by the use of phrases such as “will”, “expect”,“anticipate”, “believe” and “envisage”. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend oncircumstances that will occur in the future and may be outside ABML’ control. Actual results and developments may differ materially from those expressed orimplied in such statements because of a number of factors, including levels of demand and market prices, the ability to produce and transport productsprofitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economicconditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation.

Given these risks and uncertainties, undue reliance should not be placed on forward-looking statements which speak only as at the date of the presentation.Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, ABML does not undertake any obligation to publiclyrelease any updates or revisions to any forward looking statements contained in this presentation, whether as a result of any change in ABML’s expectationsin relation to them, or any change in events, conditions or circumstances on which any such statement is based.

Certain statistical and other information included in this presentation is sourced from publicly available third party sources and has not been independentlyverified.

All figures are expressed in Australian dollars unless stated otherwise.

Competent Persons Statement

The Information in this release that relates to exploration results is based on information compiled by Sean Sivasamy, a Member of the Australasian Instituteof Mining and Metallurgy and Maurice Hoyle, a Fellow of the Australasian Institute of Mining and Metallurgy, both of whom are full time employees of theCompany. Sean Sivasamy and Maurice Hoyle have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration andto the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of ExplorationResults, Mineral Resources and Ore Reserves. Sean Sivasamy and Maurice Hoyle consent to the inclusion in the release of the matters based on thisinformation in the form and context in which it appears.

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Company Snapshot ABY

Corporate StatusOrdinary shares on issue(as at 31 March 2012)

313,372,551

Share Price at 31 March 2012 A0.715 cents

Market Capitalisation A$ 224m

Revenue A$496m

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Revenue A$496m

Gross Profit A$55.6m

Cash in Hand A$118m

Dividend Under consideration

Listed on the ASX on 12 May 2006For

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Mr Debu BhattacharyaNon-Executive Chairman

Dr Sunil KulwalCEO & Managing Director

• Joined Aditya Birla Group in 1998 and Heads the Group's metals business and MD of Hindalco Industries.; ViceChairman of Novelis and Chairman of Utkal Alumina International Ltd.

• Extensive experience with Aditya Birla Group internationally and spend 30 years with Unilever in executivemanagement positions, including leading the chemical business of Unilever in India

• Recipient of prestigious India Business Leader of the Year Award (IBLA) 2005; The Asia Corporate Citizen of the YearAward (ABLA) 2005 and LEXI Award 2007 for Strategic & Leadership Excellence.

• Bachelor of Technology with Honours in Chemical Engineering

• Over 25 years various industries experience in technical, project management, finance, general and logisticsmanagement.

• Track record of turning around industries through a participative management culture and providing strategicdirection. Presented various papers at international conferences and is a Chevening Scholar.

• Previously Executive President of Grasim Industries Limited, Chemical Division, a subsidiary within the Global AdityaBirla Group, where, he was responsible for developing a US$900 million new Chemical Complex.

• B.Com, Chartered Accountant, Company Secretary, Doctor of Philosophy (Ph.D.)

• Over 27 years experience with organizations including Alfa Laval, Brook Bond India Ltd and Larsen & Toubro Ltd.• Joined the Aditya Birla Group as President, Corporate Legal Cell and instrumental in establishing the Corporate Legal

Cell for Aditya Birla Group and has been a Director of a number of companies.• Currently, Adviser to the Managing Committee of Bombay Chamber; Co-Chairperson of the Legal Affairs Committee

of Associated Chambers of Commerce and Industry of India; Advisory Board of Corporate Law Committee of theFederation of Indian Chamber of Commerce & Industry and appointed by the Singapore International ArbitrationCentre as an Arbitrator on its panel of Indian Arbitrators.

• Recipient of the Best In-House Counsel award by Asia Law, Hong Kong in 2005 and 2007, Conferred the prestigiousNational Law Day"Award by the Hon'ble Prime Minister of India in 2006.

• Bachelor of Science, Master of Law, Member of the International Bar Association and Vice Chair of the CorporateCouncil Forum

ABY’s Board has a diverse range of experience

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Dr Suresh BhargavaIndependent Non-ExecutiveDirector

• Over 27 years experience with organizations including Alfa Laval, Brook Bond India Ltd and Larsen & Toubro Ltd.• Joined the Aditya Birla Group as President, Corporate Legal Cell and instrumental in establishing the Corporate Legal

Cell for Aditya Birla Group and has been a Director of a number of companies.• Currently, Adviser to the Managing Committee of Bombay Chamber; Co-Chairperson of the Legal Affairs Committee

of Associated Chambers of Commerce and Industry of India; Advisory Board of Corporate Law Committee of theFederation of Indian Chamber of Commerce & Industry and appointed by the Singapore International ArbitrationCentre as an Arbitrator on its panel of Indian Arbitrators.

• Recipient of the Best In-House Counsel award by Asia Law, Hong Kong in 2005 and 2007, Conferred the prestigiousNational Law Day"Award by the Hon'ble Prime Minister of India in 2006.

• Bachelor of Science, Master of Law, Member of the International Bar Association and Vice Chair of the CorporateCouncil Forum

• More than 20 years Australian resources experience on various aspects of mineralogy and hydrometallurgyand environmental issues including technology development. Previously worked on various projects withAlcoa, BHP Billiton and Rio Tinto (Comalco)

• Currently Professor and Chair of Industrial Chemistry at RMIT University ; Director of the Integrated VictorianXRD and Materials Characterisation Facility and the RMIT Vibrational Spectroscopy Facility.

• Among many distinguished awards and achievements throughout his career, received the 2006 Vice-Chancellors highest Award for Research Excellence, R K Murphy Award - the most coveted industrialchemistry award in Australia by Royal Australian Chemical Institute.

• Doctor of Philosphy (Applied Science): D.Sc (RU) & Fellow of Royal Australian Institute of Chemistry

Mr Mysore PrasannaNon-Executive Director

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Mr Maurice AnghieIndependent Non-ExecutiveDirector

Mr Narayan KrishnanIndependent Non-ExecutiveDirector

• Experienced, qualified professional possessing an extensive range of commercial andfinancial skills. Having worked extensively in the listed corporate environment, he possesses legal,regulatory and governance expertise.

• Previously Audit and Corporate Finance Partner in many Chartered Accounting Firms. Currently anIndependent Corporate consultant and a Non-Executive Director of Gujarat NRE Coking Coal Ltd.

• Bachelor of Business, Fellow Chartered Accountant, Fellow Certified Practising Accountant, Member of theAustralian Institute of Company Directors

• Over 36 years industrial experience in the field of non-ferrous extractive metallurgy including operationsmanagement, technical development and process design.

• Previously worked in various senior executive positions at global mining companies including MIM Holdings,Pasminco and was Group Advisor Metallurgy at WMC Resources Ltd, role included operations review,operations support, strategy input, technical advice to copper, nickel and fertiliser business and themanagement of external research projects.

• Currently runs a private technical consultancy firm, OM Metals Trust Pty Ltd, providing high level technicaladvice and strategy input to large mining companies.

• Master of Science – Geoscience, Bachelor of Technology – Metallurgy (First Class), Member of theAustralasian Institute of Mining and Metallurgy.

ABY’s Board has a diverse range of experience

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Mr Narayan KrishnanIndependent Non-ExecutiveDirector

Mr Dilip GaurNon-Executive Director

• Chemical Engineer with more than 32 years experience in leadership positions in a cross section ofIndustries spanning Petroleum Refining, Petro chemicals, FMCG, speciality & Industrial chemicals,Fertilisers & Agriproducts, Nonferrous metals, oils & oleochemical etc in India, Malaysia & Egypt.

• Currently heads the Copper Business of Hindalco as a Group Executive President.• Prior to this he was Managing Director of Aditya Birla Group's Carbon black business in Egypt – an Indo-

Egyptian JV. Previously he held various posotions spanning 24 years at Unilever.• Outstanding track record of building robust businesses, turning around fledging ones and delivering

exceptional results under challenging conditions in a multi cultural – multi geographic context.• On the Board of various companies and active member of several Industry bodies in India, Malaysia , Egypt

including ABY's subsidiary, Birla Mt Gordon.• Bachelor of Technology in Chemical Engineering

• Over 36 years industrial experience in the field of non-ferrous extractive metallurgy including operationsmanagement, technical development and process design.

• Previously worked in various senior executive positions at global mining companies including MIM Holdings,Pasminco and was Group Advisor Metallurgy at WMC Resources Ltd, role included operations review,operations support, strategy input, technical advice to copper, nickel and fertiliser business and themanagement of external research projects.

• Currently runs a private technical consultancy firm, OM Metals Trust Pty Ltd, providing high level technicaladvice and strategy input to large mining companies.

• Master of Science – Geoscience, Bachelor of Technology – Metallurgy (First Class), Member of theAustralasian Institute of Mining and Metallurgy.

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Strong Partnership

A US$ 35 Billion corporation

Over 133,000 employees belonging to 42different nationalities

60% of Group revenue flows from operationsoutside India

Group operates in 33 countries

Ranked 4th Globally and 1st in Asia Pacific in thetop companies for leaders 2011 study by AONHewitt

Aditya Birla Group – Global Leader

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Strong Partnership

A US$ 35 Billion corporation

Over 133,000 employees belonging to 42different nationalities

60% of Group revenue flows from operationsoutside India

Group operates in 33 countries

Ranked 4th Globally and 1st in Asia Pacific in thetop companies for leaders 2011 study by AONHewitt

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Creating Superior Value

JV with Aditya Birla Minerals - Nifty and Mt Gordon have a long-term life of mine off-take agreement with Hindalco for supply ofcopper concentrate to the copper smelter at Dahej

The metals flagship company of the Aditya Birla Group

World's largest aluminium rolling company and one of the biggestproducers of primary aluminium in Asia

World’s largest custom copper smelter at a single location –capacity of 500,000 tonnes per annum

Metals powerhouse with high-end rolling capabilities and a globalfootprint in 13 countries.

Consolidated turnover of US$15.85 billion placed in Fortune 500league.

Hindalco Industries – Cornerstone of Growth

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Creating Superior Value

JV with Aditya Birla Minerals - Nifty and Mt Gordon have a long-term life of mine off-take agreement with Hindalco for supply ofcopper concentrate to the copper smelter at Dahej

The metals flagship company of the Aditya Birla Group

World's largest aluminium rolling company and one of the biggestproducers of primary aluminium in Asia

World’s largest custom copper smelter at a single location –capacity of 500,000 tonnes per annum

Metals powerhouse with high-end rolling capabilities and a globalfootprint in 13 countries.

Consolidated turnover of US$15.85 billion placed in Fortune 500league.

Backed by the world’s largest metals powerhouse strengthens our position in the copper market

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Aditya Birla Minerals - Operational Highlights

• Mined and processed 2.81 million tonnes of ore ascompared to 2.19 million tonnes last yearOre Mined

• Processed 2.77million tonnes of ore as compared to 2.52million tonnes last yearOre Processed

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• Processed 2.77million tonnes of ore as compared to 2.52million tonnes last yearOre Processed

• Copper production 59,707 tonnes versus 59,661 tonneslast yearCopper

ProductionFor

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Aditya Birla Operations

Nifty Operations

Great Sandy Desert Region of the East Pilbara inWestern Australia, approximately 1,250 km northof Perth and 350 km east of Port Hedland.

Acquired the Nifty operation in March 2003 forthe large undeveloped sulphide resource.

Nifty mine has a capacity of 2.3 mtpa and theconcentrator plant has a capacity of 2.5 mtpa.

Mt Gordon Operations

Located in northwest Queensland, approximately120 km north of Mt Isa

Purchased the Mt Gordon copper operation inQueensland in November 2003.

The operation has ability to mine 1.2 mtpa of orefrom Mammoth underground decline operation.

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Nifty Operations

Great Sandy Desert Region of the East Pilbara inWestern Australia, approximately 1,250 km northof Perth and 350 km east of Port Hedland.

Acquired the Nifty operation in March 2003 forthe large undeveloped sulphide resource.

Nifty mine has a capacity of 2.3 mtpa and theconcentrator plant has a capacity of 2.5 mtpa.

Mt Gordon Operations

Located in northwest Queensland, approximately120 km north of Mt Isa

Purchased the Mt Gordon copper operation inQueensland in November 2003.

The operation has ability to mine 1.2 mtpa of orefrom Mammoth underground decline operation.For

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Nifty Operations – Nature of Operations

Trackless underground mine, partial dual access via surface portal and a portal in the side of theopen cut pit.

Ore crushed underground, conveyed to surface via conveyor running in the decline. Above ground crusher as a standby. Crushed ore fed through closed ball mill / SAG mill / cyclone circuit. Mining method allows 100% extraction, cemented paste back fill utilized to fill the voids. Oxide plant under care and maintenance due to fall in copper price. 100% of revenue now relates

to copper concentrate sourced from the sulphide ore. Copper concentrate trucked to Port Hedland, 350km west of the mine, for export to a smelter in

India owned by Hindalco. All power generated on site.

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Trackless underground mine, partial dual access via surface portal and a portal in the side of theopen cut pit.

Ore crushed underground, conveyed to surface via conveyor running in the decline. Above ground crusher as a standby. Crushed ore fed through closed ball mill / SAG mill / cyclone circuit. Mining method allows 100% extraction, cemented paste back fill utilized to fill the voids. Oxide plant under care and maintenance due to fall in copper price. 100% of revenue now relates

to copper concentrate sourced from the sulphide ore. Copper concentrate trucked to Port Hedland, 350km west of the mine, for export to a smelter in

India owned by Hindalco. All power generated on site.

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Mt Gordon – Nature of Operations

Operations have restarted, mine operations are being ramped up. Underground mine using sublevel cave and open stop mining method. Ore is transported by trucks. Crushed ore fed through closed ball mill / SAG mill / cyclone circuit. Power is sourced from MIM, Mt Isa. Mine has got excess water in pit, which is being reduced in accordance with EA and TEPs.

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Consistent Improvement – Ore Production

28%

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Mine Productivity improved by 28% in the last four yearsFor

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Consistent Improvement

29%

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Mill productivity improved by 29% in the last four years

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Key Achievement– Mill Throughput

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Improvement in Nifty Mill Throughput through better utilisation

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Nifty C1 Cost

NIFTY C1 COST FY12 FY11 FY10

Total Site Cash Cost 214 173 173

Shipping Cost 16 17 15

Tc/Rc 15 14 24

A cents/lb

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Tc/Rc 15 14 24

CI cost 245 204 212

Nifty cost of production was higher mainly due to:

Lower production caused by break down of power turbine in July last year

Loss of production due to failure of back filled stopes in August last year

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Mt Gordon Ramp up

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Mt Gordon mining operations improved in Q4.

Pre-feasibility study for extending Mt Gordon mine life to be completed by end of Q1 FY 2013

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FY 2012-13 Guidance

Copper UOM Qty- Nifty Operations Tonnes 50-55,000- Mt Gordon Tonnes 20-25,000TOTAL 70-80,000

Production: Contained Metal in concentrate

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TOTAL 70-80,000

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Nifty-Near Mine Exploration-Surface

Near Mine Geophysical target follow-up YNC304 intersected 1m @ 4.21 % Cu follow-up

From To Interval Cu%329.0 m 329.5 m 0.5 m 7.10329.5 m 330.0 m 0.5 m 1.32

Average 329.0 m 330.0 m 1.0 m 4.21

YNC304

High Conductor With 5000(siemens) Identified,Generally Such conductor have some sort ofmineral occurrence

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Near Mine Geophysical target follow-up YNC304 intersected 1m @ 4.21 % Cu follow-up

High Conductor With 5000(siemens) Identified,Generally Such conductor have some sort ofmineral occurrence

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Nine holes programme near Niftymine completed

DHEM is underway

YNC304 intercepted 1m @ 4.21%Cu; Follow-up drilling wascompleted – assay is pending

Nifty-Near Mine Exploration-Surface

Nif ty near Mine Proposed Drill hole Location

NorthernTarget

SouthernTarget

MineralisingPipe

Outline of NiftyPit

Outline of NiftyPit

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Nine holes programme near Niftymine completed

DHEM is underway

YNC304 intercepted 1m @ 4.21%Cu; Follow-up drilling wascompleted – assay is pending

Nif ty near Mine Proposed Drill hole Location

NorthernTarget

SouthernTarget

MineralisingPipe

Outline of NiftyPit

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Nifty Near Mine- Targets

UGD52 High grademineralisation intersected at110 metres below the currentmodel

Drilled three follow-up holes,assay pending

UGD05224m @2.64% Cu

115m below Footwall shale

Identif iedGeophysical

Anomaly

18th Level

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UGD52 High grademineralisation intersected at110 metres below the currentmodel

Drilled three follow-up holes,assay pending

UGD05224m @2.64% Cu

115m below Footwall shale

Identif iedGeophysical

Anomaly

18th Level

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Mt Gordon Near Mine Targets- Mammoth

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These holes are designed to test the interesting results fromUM1391, 227m to 249m down-hole depth.

This section averages 13.06% Cu over 22m, with 20.05% Cuover 12m with a maximum result of 51.5% Cu over 1m (239mto 240m).

Mammoth D lens extension Infill-resource definition drilling 1860m planned from 4530 level.

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450m

550m

100m

Mt Gordon-Resource

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Mt GordonMammoth andsatellite orebodies lookingnorth

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Exploration Update: Greenstone, Mt Gordon

Mineralisation BetweenMammoth and Greenstone

Existing Development

GreenstoneOpen at DepthMammoth

Hole ID Width Cu %

SD495 16m (Including 1m @ 15.1 % Cu) 4.7 % Cu



SD501 25m (Including 3m @ 5.7% Cu) 1.2 % Cu




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Mineralisation BetweenMammoth and Greenstone

Existing Development

GreenstoneOpen at DepthMammoth

Hole ID Width Cu %




SD501 25m (Including 3m @ 5.7% Cu) 1.2 % Cu




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Exploration Update - Maroochydore

10MAD08012.5m @ 1.6% Cu

Incl. 6m @ 2.1% CuFrom 331.5m

11MAD08110.6m @ 1.2% Cu

Incl. 6.2m @ 1.8% CuFrom 286.4m

3.0m @ 1.5% ZnFrom 366.0m

4.2m @ 1.6% ZnFrom 436.5m

11MAD0828.3m @ 1.2% Cu

From 289.7m6.2m @ 0.7% Zn

From 411.65m7.8m @1.1% Zn

From 451.6m

11MAD086 (angled)20.6m @ 0.7% Cu

Incl. 7.1m @ 1.0% CuFrom 241.4m

11MAD0857.9m @ 0.8% Cu

Incl. 2.6m @ 1.0% CuFrom 210.3m

11MAD087 (vertical)9.2m @ 0.75% Cu

From 199.7m6.4m @ 0.57% Cu

Incl. 0.8m @ 1.1% CuFrom 226.7m

11MAD08312.5m @ 0.7% Cu

Incl. 6.53m @ 1.0% CuFrom 281.1m

0.3m @ 5.4% ZnFrom 410.4m

2.65m @ 1.5% ZnFrom 414.9m

11MAD085 - 0.2m @ 3.24% Cu

Sulphides

12 hole has been drilled at Sulphide prospect9 hole intersected sulphide (visible) mineralisationKnown extent of Sulphide mineralisation is about 1.2km

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10MAD08012.5m @ 1.6% Cu


11MAD08110.6m @ 1.2% Cu

Incl. 6.2m @ 1.8% CuFrom 286.4m

3.0m @ 1.5% ZnFrom 366.0m

4.2m @ 1.6% ZnFrom 436.5m

11MAD0828.3m @ 1.2% Cu

From 289.7m6.2m @ 0.7% Zn

From 411.65m7.8m @1.1% Zn

From 451.6m

11MAD086 (angled)20.6m @ 0.7% Cu

Incl. 7.1m @ 1.0% CuFrom 241.4m

11MAD0857.9m @ 0.8% Cu

Incl. 2.6m @ 1.0% CuFrom 210.3m

11MAD087 (vertical)9.2m @ 0.75% Cu

From 199.7m6.4m @ 0.57% Cu

Incl. 0.8m @ 1.1% CuFrom 226.7m

11MAD08312.5m @ 0.7% Cu

Incl. 6.53m @ 1.0% CuFrom 281.1m

0.3m @ 5.4% ZnFrom 410.4m

2.65m @ 1.5% ZnFrom 414.9m

11MAD085 - 0.2m @ 3.24% Cu

Sulphides

12 hole has been drilled at Sulphide prospect9 hole intersected sulphide (visible) mineralisationKnown extent of Sulphide mineralisation is about 1.2km

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Exploration Update - Maroochydore

10MAD0787.55m @ 0.84% Cu2.1m @ 1.15% Zn

10MAD076133m @ 1045ppm Cu

10MAD07914m @ 490ppm Cu

10MAD0774.9m @ 2569ppm Cu

11MRC18937m @ 493ppm Cu

11MRC19045m @ 355ppm Cu

MERWEDE

SULPHIDE

URUNGAN WEST

11MRC1095m @ 552ppm Cu

(EOH)

11MRC12615m @ 154ppm Cu

From hole 10MAD078 to 10MADO80 is about 1.2km strike extent

10MAD08012.5m @ 1.6% Cu


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10MAD0787.55m @ 0.84% Cu2.1m @ 1.15% Zn

10MAD076133m @ 1045ppm Cu

10MAD07914m @ 490ppm Cu

10MAD0774.9m @ 2569ppm Cu

11MRC18937m @ 493ppm Cu

11MRC19045m @ 355ppm Cu

MERWEDE

SULPHIDE

URUNGAN WEST

11MRC1095m @ 552ppm Cu

(EOH)

11MRC12615m @ 154ppm Cu

From hole 10MAD078 to 10MADO80 is about 1.2km strike extent

10MAD08012.5m @ 1.6% Cu


Follow up drilling has commenced in the current financial year to test the sulphide mineralisation system

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Copper Prices

5000

6000

7000

8000

9000

10000

11000

US$/t

A$/t

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Average LME copper price of US$8512/AUD8135 per ton forFY2012.

Average realised price post hedging US$8,944/AUD8,491 pertonne.

5000

6000

7000

8000

9000

10000

11000

US$/t

A$/t

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Macro Economic Overview

Operating and capital costs for copper industry are rocketing. Both have increasedmore than 25% in 2011

Chinese imports expected to slow in Q2 of 2012, though outlook is bullish for H2

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Chinese growth in absolute consumption will be high even though growth rate isslowing.

Near term down side risks to prices. But strength in global growth in H2 led by Chinawill be bullish for prices

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Way Forward

Improve Nifty throughput from existing ~2.2mtpa to ~2.7mtpa

Extend Nifty near mine resource further to facilitate higher throughput and increased mine life

Pre-feasibility study for extending Mt Gordon mine life to be completed by end of Q1 of FY 2013

To further progress the exploration success (intersection of high grade sulphide mineralisation)

at Maroochydore

Discover new resources in Nifty and Mt Gordon area by using modern exploration techniques

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Improve Nifty throughput from existing ~2.2mtpa to ~2.7mtpa

Extend Nifty near mine resource further to facilitate higher throughput and increased mine life

Pre-feasibility study for extending Mt Gordon mine life to be completed by end of Q1 of FY 2013

To further progress the exploration success (intersection of high grade sulphide mineralisation)

at Maroochydore

Discover new resources in Nifty and Mt Gordon area by using modern exploration techniques

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Works in 3,000 villages

Reaches out to 7 million people annually through

the Aditya Birla Centre for Community Initiatives

and Rural Development, Spearheaded by Mrs

Rajashree Birla

Focuses on: health-care, education, sustainable

livelihood, infrastructure and espousing social

reform.

Runs 42 schools providing quality education to

45,000 children. Of these, over 18,000 children

receive free education.

ABY’s 18 hospitals tend to more than a million

villagers.

Aditya Birla Group - Giving Back - Our CommunityInitiatives

29

Works in 3,000 villages

Reaches out to 7 million people annually through

the Aditya Birla Centre for Community Initiatives

and Rural Development, Spearheaded by Mrs

Rajashree Birla

Focuses on: health-care, education, sustainable

livelihood, infrastructure and espousing social

reform.

Runs 42 schools providing quality education to

45,000 children. Of these, over 18,000 children

receive free education.

ABY’s 18 hospitals tend to more than a million

villagers.

Taking India to the world

For

per

sona

l use

onl

y

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