Venture Minerals: Emerging Producer

Riley & Livingstone DSO Hematite Projects

Mt Lindsay Tin/Tungsten Project

March 2013

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Presentation Disclaimer

Forward Looking Statements • This presentation may contain certain forward looking statements and projections regarding:

- estimated, resources and reserves;

- planned production and operating costs profiles;

- planned capital requirements; and

- planned strategies and corporate objectives.

• Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors many of which are beyond the control of Venture Minerals Limited. The forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved.

• Venture Minerals Limited does not make any representations and provides no warranties concerning the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws.

• The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Andrew Radonjic, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Andrew Radonjic is a full-time employee of the company. Mr Andrew Radonjic has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Andrew Radonjic consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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Venture Minerals

Highlights

• Completed a BFS on the Mt Lindsay Tin/Tungsten Project - one of the worlds largest and most advanced new tin projects

• BFS delivered a 9 year mine life, $550m net cash LOM, NPV8 $143m (refer to Table 3)

• DSO production from the Riley deposit scheduled to commence within months

• At todays prices our DSO Projects would deliver substantial revenue over the next three years with a capital cost of less than $7m

• Venture is well funded with $16m in the bank

• The Company has a market cap of $60m, a strong shareholder base, and receives excellent research coverage

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North West Tasmania

Fast Facts • World class

mineral field

• +$13 billion of Tin/Tungsten mined

• World Players in Sn / WO3

- China Min Metal Corp

- Yunnan Tin

King Island (Tungsten)

Savage River (Fe) Jiangsu Shagang 47%

Mt Bischoff(Tin) Metals x & Yunnan Tin

Cleveland (Tin) Ex-Aberfoyle

Avebury (Nickel) China Min Metals Corp.

Rosebery (Cu, Pb, Zn) China Min Metals Corp.

Renison Bell (Tin) Metals X & Yunnan Tin

Mt Lindsay Deposit For

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DSO Projects: Infrastructure

Mt Lindsay Deposit

Riley DSO

Livingstone DSO

Savage River

Mt Bischoff

Rosebery

Cleveland

Renison Bell

100km of existing rail

12km existing sealed road

Rail siding

Export through Burnie

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Riley & Livingstone DSO Projects

• DSO Hematite Reserve 4 million tonnes @ 57% Fe (Low Impurities) (refer to ASX announcement dated 26 July 2012)

• Resource is shallow, from surface and very consistent in grade

• Deposit has exceptional access to infrastructure - 2km to a sealed road which accesses existing rail and port facilities

• Currently finalising mining, transport, off-take and financing agreements

• FOB cash costs: A$47 per tonne (over the first two years)

• Capital Cost Estimate: less than A$7 million

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Riley Creek DSO Project

Venture Delivers Reserves of

4.0mt @ 57% Fe (Riley and Livingstone)

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DSO Hematite Discoveries F

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Why Tin?

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Tin Outperforms!!!

CRU Commodity Heat Chart

Four Year Outlook % Change Climate

Palladium 88% HotTin 56% HotZinc 53% HotUranium 45% HotAlumina 42% HotAluminium 38% HotPlatinum 28% HotLead 21% Hot

Nickel 18% HotMet Coke 18% HotVanadium 9% WarmPhosphate DAP 7% WarmCobalt 5% WarmIron Ore -4% CoolManganese -5% ColdGold -6% ColdCopper -6% Cold

Coking Coal -7% ColdPotash -16% FreezingAmmonia -17% FreezingUrea -17% FreezingSilver -42% FreezingSulphuric Acid -48% FreezingSulphur -56% Freezing

2Q2012 to 2016

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New Tin Uses F

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Tin: forecast weeks’ supply and prices

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

1990 1995 2000 2005 2010 2015

Weeks' supply Prices

Sup

ply

Time (years)

Price

($)

Forecast

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DSO Hematite Discoveries F

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Geological Setting

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Resource Upgrade

Lower Cut (Tin equiv)`

Category Tonnes Tin Equiv.

Grade Tin Grade

Tungsten Grade (WO3)

Copper Grade (WO3)

Contained Tin Metal (tonnes)

Contained Tin/ Tungsten Metal (tonnes)

0.20%

M & I 25Mt 0.5% 0.2% 0.1% 0.1% 49,000 72,000

Inferred 20Mt 0.4% 0.2% 0.1% 0.1% 32,000 41,000

Total 45Mt 0.4% 0.2% 0.1% 0.1% 81,000 113,000

0.45%

M & I 9.5Mt 0.8% 0.3% 0.2% 0.1% 26,000 44,000

Inferred 3.9Mt 0.6% 0.3% 0.1% 0.1% 12,000 17,000

Total 13Mt 0.7% 0.3% 0.2% 0.1% 38,000 61,000

Category Tonnes Tin Equiv.

Grade Tin Grade

Tungsten Grade (WO3)

Copper Grade (WO3)

Contained Tin Metal (tonnes)

Contained Tin/ Tungsten Metal (tonnes)

Proved 6.4Mt 0.7% 0.2% 0.2% 0.1% 14,000 23,000

Probable 7.3Mt 0.5% 0.2% 0.1% 0.1% 16,000 23,000

Total 14Mt 0.6% 0.2% 0.1% 0.1% 30,000 46,000

Maiden Reserve

Table 1

Table 2

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Bankable Feasibility Study

Mt Lindsay Tin/Tungsten Project

Bankable Feasibility Study (November 2012)

Maiden Reserve (including 6.4mt @ 0.7% tin equivalent)

14mt

Revenue Life of Mine A$1,435m

Net Cash Life of Mine A$554m

NPV8 A$143m

Project Life 9 years

Return on Equity (40% Equity, 60% Debt)

33%

Peak Net Annual Revenue A$110m

Capital Costs (including a 35% plant capacity upgrade to 1.75mtpa)

A$198m

BFS Price Assumptions Tin US$23,800/t Tungsten US$39,200/t Copper US$8,000/t Magnetite US$125/t (reference price Fe 62%) *For full details and assumptions of the Bankable Feasibility Study, refer to ASX announcement dated 7 November 2012

Table 3

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High Priority Drill Targets

Waterhouse

No.1 Skarn

No. 2 Skarn

Main Skarn

High-Grade MacDonald

Tin Zone

High-Grade

Tungsten Zone

New Tin

Discovery

Combined Resources - Mt Lindsay Project (0.20% cut-off) 45Mt @ 0.4% Tin (Sn) equiv.

(0.45% cut-off) 13Mt @ 0.7% Tin (Sn) Equiv.

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High Priority Drill Targets F

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Big Wilson Location Map

Big Wilson discovery

hole

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Venture Minerals

Conclusions

• BFS now completed on the Mt Lindsay Tin/Tungsten Project – one of the worlds largest and most advanced new tin projects

• Mt Lindsay Bankable Feasibility Study boasts over 9 year mine life, generating $550m net cash LOM

• Positioned to develop a tin project in an environment of very tight supply

• The Company is only months away from iron ore production at the Riley DSO Deposit (subject to approvals)

• At todays prices our DSO Projects would deliver substantial revenue over the next three years with a capital cost of less than $7m

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for up-to-date information please visit our website

www.ventureminerals.com.au

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