Australia – Russia Dialogue Mr Craig Parry, CEO 6 May 2014

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Australia – Russia Dialogue Mr Craig Parry, CEO 6 May 2014. Location. TIG History – why are we in Russia?. TRM (TIG founder) commenced world wide search for potential large scale, low cost coking coal projects in 2009. - PowerPoint PPT Presentation

Transcript of Australia – Russia Dialogue Mr Craig Parry, CEO 6 May 2014

Australia Russia Dialogue

Mr Craig Parry, CEO

6 May 2014

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Location2

2TIG History why are we in Russia?3TRM (TIG founder) commenced world wide search for potential large scale, low cost coking coal projects in 2009.

Amaam seen as most attractive area - close to Pacific coast, scale, good quality coking coal

TIG incorporated under Australian law on October 2010 with the objective of engaging in the acquisition, exploration, development and operation of coal mines and to supply coking coal product into the seaborne coking coal market.

TIG listed on ASX in August 2011.

At the time TIG held 40% of Amaam Project. Since increased to 80% ownership. Purchased 80% interest in Amaam North in Jan 2012.

Invested over $70m in Russia to date

Raised $52m from Russian based funds including sovereign fund in 2014

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Projects Overview4Exploring and developing two exceptionally well located large coking coal projectsAmaam: a world-class, large scale coking coal project targeted for +5Mtpa of production from dedicated new infrastructureAmaam North: low cost starter project providing fast track to production and earnings utilising existing infrastructure and supporting development of the entire Bering Coking Coal FieldTotal Exploration Target - 175Mt-695Mt, the potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to estimate a Coal Resource, and it is uncertain if further exploration will result in the estimation of a Coal ResourceExperienced Board and management$61M capital raising completed464Mt ResourceProject F PFS confirms its potential as a low capex, low opex, starter project with excellent upside potential. Amaam PFS confirms its potential as a large scale, low cost world class coking coal project27Mt Resource

4Bering Coking Coal Field conceptual development possibility5Bering Coking Coal field conceptual development plan:

Stage 1: Amaam North Project F to produce up to 1Mtpa, shipping through the existing port of Beringovsky

Stage 2: Project F expanded to 3-4Mtpa and shipped out through Arinay Port

Stage 3: Amaam developed and ships 6.5 Mtpa through Arinay port

Combined shipments could total over 10 Mtpa

Community and Government RelationsOur Commitments and Approach

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CommitmentsCreate long term sustainable benefits for the communities and regions in which we operate. Build relationships and work in a cooperative manner with stakeholders. Relationships based on mutual respect, open and transparent dealings and long term commitment.Assist and support regional development, training, community based projects and small business opportunities within our host communities.

Our Approach in PracticeStakeholder engagement program in place, strong relationships established. Committed support from all levels of Govt.Socio-economic baseline studies program continuing. ESIA well advanced.Local enterprises engaged regarding opportunities to support our Projects, initially focussed on providing supplies for camps.Program established with Anadyr University to provide Geology Students withwork experience placements during our exploration programs. Formal agreements on social investment in place with the Anadyr Municipality (Local Government).

6RussiaChukotkaDevelopment of Far East with a focus on resources and infrastructure is a priority for Government, supported by Far East Baikal Region Development Fund as well as RDIFShift in focus from West to East with the Government targeting Asia for growthGrowing track record of FDI success in all sectorsFavourable fiscal regime20% profit tax~$2/t coking coal royalty (product)Improving regulatory environmentCoal not a strategic commodityGrowing presence of western mining companies:Rio Tinto; BHP Billiton; Petropavlovsk; Kinross plus an ever growing list of junior companies

Local government supporting regional developmentSuccessful track record for foreign listed mining companies, including - Kinross, Polyus, Polymetal, Highland Gold and TIGFavourable operating environment

77Board and managementBoard and management team with a strong track record in project delivery and portfolio growth8BoardSenior ManagementTony Manini Non-Executive Chairman24+ years resource industry experience, 14 years with Rio TintoSenior executive roles at Oxiana / OZ MineralsFounder of TRM and TIGOwen Hegarty - Non-Executive Director40+ years industry experience, Senior Executive at Rio TintoFounder and CEO of Oxiana LimitedDirector Fortescue, Highfield Resources, AusIMMFounder TRM, TIGCraig Wiggill - Non-Executive Director & Senior Advisor22+ years of coal industry experience gained with the Anglo American Plc group of companies Former CEO Anglo Coal AmericasCraig Parry CEO15+ years experience in the resources industrySenior executive roles in Tigers Realm Minerals, Oxiana, Rio Tinto, G ResourcesFounder TIGVice-President Australia-Russia Dialogue

Peter Balka Chief Operating OfficerMining Engineer, 25+ years in open cut and underground mining operations, project management, feasibility studies and due diligenceLeonid Skoptsov - General Director NPCC - Russia20+ years diverse resource industry experience in Russia covering project generation, exploration, development and operationsChris McFadden - Head of Commercial, Strategy & Corporate DevelopmentLawyer, 20+ years experience in exploration and mining most recently as a Commercial General Manager with Rio Tintos exploration division, government joint venture partner negotiations and divestment of non-core assets.Tim Berry General Manager HSEC Environmental scientist with 14+ yrs global HSEC experience with Rio Tinto, Oxiana and OZ Minerals. Experience covers exploration, studies, permitting, operationsDavid George Manager Investor Relations25+ years marketing, research and analyst experience including Bell Potter Securities, JP Morgan, BBY Securities, Deutsche Bank and ANZ Securities.Paul Tongs Group Financial Controller Chartered Accountant, 30+ years broad finance experience, including 10 + years in the resources industryExperience covers finance roles at Oxiana / Oz MineralsAndrew Gray - Non-Executive Director Professional investor in technology, healthcare, HCIT, resourcesTav Morgan - Non-Executive Director Industry Partner at Baring Vostok Capital PartnersFormer Managing Director at Goldman Sachs, Global Natural ResourcesFormer Director and COO, Norilsk Nickel

Tagir Sitdekov - Non-Executive Director Director at Russian Direct Investment FundFormer Managing Director at A-1, part of Alfa Group, Russias largest private conglomerateImproving trade flows and commerce: Australia and Russia9Australian Embassy and DFAT have greatly assisted TIG in providing contacts with Business Representatives and Government Officials within Russia. The Australian Ambassador has hosted functions where TIG has been able to expand its local network.

In 2013 the Ambassador hosted TIG and some of its key stakeholders including Australian investors, analysts and brokers, the Governor of Chukotka and key members of his team and leading members of the Russian business community at a function at his residence. This provided the Chukotka Government with an excellent forum to declare its support for TIG and our activities.

Other opportunities for improving trade flow and commerce:TIG has recommended to DFAT and the Embassy to host further trade delegation from the Australia mining sector to Russia. Previous delegations have introduced a number of Australian contractors to Russia

Further promotion of Russia as a market for Australian expertise and products and as an emerging market with numerous opportunities for Australian companies and investors. 9Russia the opportunity10Large and growing economy that is underserviced

Untapped markets

Regulatory regime and business environment that is workable

Perceptions of risk provide artificial barriers to entry get past that and the opportunities are huge

Undervalued assets

Need for foreign expertise and capital

Shift of focus- transition from Eurocentricity to an Eastern/Asian focus will present many opportunities in our time zone

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Tigers Realm Coal Limited (ASX:TIG) www.tigersrealmcoal.comCraig ParryManaging Director and CEO Tel: +61 3 8644 1326Email: [email protected] you!Questions?11