Disclaimer

This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this document. This document contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of risks, both specific to Potash and of a general nature which may affect the future operating and financial performance of Potash and the value of an investment in Potash including and not limited to economic conditions, stock market fluctuations, potash demand and price movements, timing of access to infrastructure, timing of environmental approvals, regulatory risks, technical and operational risks, reliance on key personnel, reserve and resource estimations, legislation in Australia and other jurisdictions, foreign currency fluctuations, and mining development, construction and commissioning risk. You should not act or refrain from acting in reliance on this presentation material. This overview of Potash does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any decision with respect to Potash.

Disclaimer

A WORLD CLASS PRODUCT FROM

A WORLD CLASS ASSET

March 2013

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Disclaimer

This document has been prepared by Potash West NL (“Potash” or the “Company”). It should not be considered as an offer or

invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect

to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this document.

This document contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee

of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ

materially from those expressed or implied.

There are a number of risks, both specific to Potash and of a general nature which may affect the future operating and financial

performance of Potash and the value of an investment in Potash including and not limited to economic conditions, stock market

fluctuations, potash demand and price movements, timing of access to infrastructure, timing of environmental approvals, regulatory

risks, technical and operational risks, reliance on key personnel, reserve and resource estimations, legislation in Australia and other

jurisdictions, foreign currency fluctuations, and mining development, construction and commissioning risk.

You should not act or refrain from acting in reliance on this presentation material. This overview of Potash does not purport to be all

inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s

prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy

and completeness of the information, statements and opinions contained in this presentation before making any decision with

respect to Potash.

Photo’s courtesy of IPI: www.ipipotash.org:

International Potash Institute (IPI) , Horgen, Switzerland

Competent Person’s Statement:

The geological information in this report is based on information compiled by Lindsay Cahill, who is a Member of the Australasian Institute of

Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Cahill has sufficient experience relevant to the style of mineralisation and

type of deposit under consideration and to the activity being undertaken 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 Cahill is a consultant to the mining industry.

This report is issued with Mr Cahill’s consent as to the form and context in which the exploration results appear.

The metallurgical information in this report is based on information compiled by Gary Johnson, who is a Member of the Australasian Institute of

Mining and Metallurgy. Mr Johnson has sufficient experience relevant to the activity being undertaken 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 Johnson

is a consultant to the mining industry. This report is issued with Mr Johnson’s consent as to the form and context in which the results appear.

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Company Snapshot Snapshot

ASX Code: PWN

ADR OTC-QX Code: PWNNY

Share Price: (As at 26 Feb 2013) AU$0.24

Market Cap: AU$20m

Shares on Issue: 84m

12 Month range: AU$0.15 – 0.35

Capital Structure

Elsinore Energy 15% 12.5m

Contingent Entitlement

Shares

18% 15m

Other shares 67% 56.4m

TOTAL 100% 83.9m

% Escrowed, till May ‘13 38%

Adrian Griffin – Chairman • Mine production and corporate management,

• Ex CEO Dwyka Minerals, founding director of Washington Resources, Ferrum Crescent and Northern Minerals, MD Midwinter Resources

Patrick McManus– Managing Director • Industrial minerals specialist. Rio Tinto, RGC and Cable Sands.

• Founding Director and ex MD Corvette Resources

George Sakalidis – Non-executive Director • Founding Director and ED Image Resources, Magnetic Resources, Emu Nickel & Meteoric Resources

Gary Johnson - Non-executive Director • Process and extraction specialist. Developed Activox Process, purchased by Lionore and ultimately Norilsk.

• Director Hard Creek Nickel (TSX)

Experienced Board and Management Team

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Investment Case

• Potash West is creating an opportunity in the global fertiliser

industry, by:

• Making fertiliser products from one of the worlds largest

glauconite deposits

Greensand Glauconite Potash and other

products

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ACN 147 346 334

Fertiliser Business

• 3 Fertiliser Bulk commodities

• N, Nitrogen

• P, Phosphorous

• K, Potassium

• Not interchangeable

• Different crops = different ratios

• Fertiliser blenders mix products for

region, from bulk raw materials:

• Urea

• Ammonia Nitrate

• MAP

• DAP

• Potash

Image (Above): Effect on wheat crops

Image (Below): Effect on corn crops

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Population Dynamics

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

0.4

0.45

0

1

2

3

4

5

6

7

8

9

10

1960 1970 1980 1990 2000 2010 2020 F 2030 F 2040 F 2050 F

Population (Billions) LHS

Arable Land per person (hectares) RHS

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0

100

200

300

400

500

600

700

800

900

1000

Potash Market

Price of Potash

KCl US$/t, FOB Vancouver

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• +2900 km2 of prospective area

• ~150km of strike

• ~+20km width

• Many intersections +20m

• Great infrastructure

• Close to local markets

• Close to rail and export ports

Project Location

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Aggressive Work Programme Aggressive Work Programme

• IPO

• Stratigraphic drilling

• process testwork

• Resource targets identified

• Flowsheet identified

• JORC resource

• Scoping study results

• Pilot Plant H2 2013

• Pre-Feasibility Study 2014

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0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

0 2 4 6 8 10 12 14 16 18 20 22 24

Extr

acti

on

(%

)

Times (hours)

K, % extraction against…

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Dinner Hill Resource

• Total Resource 244 Mt @ 3.0%K2O (October 2012)

• Including 122 Mt @ 4.6%K2O Within less than 20%

of Dinner Hill target area

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Dinner Hill

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Flow Sheet

Primary

Upgrade

Plant

Leaching

Bulldozer mining,

pumping Primary

Crystallisation

Co-Product

Separation

Tails back

to pit

Chemical

plant

Potash

Products,

SOP & KMS

Greensands ore

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Glauconite

Concentrate

Leach residue

Co-Product

Recovery

Aluminium,

Iron &

Phosphate

Co-products

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Scoping Study Parameters

• Mining Rate 2.4 Mtpa

• Suite of products:

• 85,000 tpa SOP

• 195,000 tpa KMS

• 220,000 tpa Iron oxide

• 900,000 tpa Aluminium Sulphate

• 310,000 tpa phosphate

• SOP and Phosphate consumed locally

• Balance exported

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Scoping Study Results

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Throughput 2.4 mtpa

NPV10 $m 808

Capital Costs, $m 650

Opex, $/tonne of feed 55

Revenue, $/tonne of feed 150

IRR % 21.0

Mine Life +60 years

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Aggressive Work Programme Medium term Plan

ACTIVITY

COMPLETION

Scoping study results Dec 2012

Phosphate Study Q3 2013

Pilot Plant Q2 2014

Pre Feasibility Study Q4 2014

Feasibility Study Q4 2015

Construction Q4 2017

Full Scale production Mid 2018

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• Exposure to the booming fertiliser business

• Tight capital structure

• The company has a skilled & experienced management

team

• High extraction possible with simple technology

• Favourable process economics

• Techniques applicable to other deposits,

• valuable IP being developed

• ~90% of one of the world’s largest known glauconite

deposits

• Significant resource potential

• Ready market on doorstep

Investment Highlights

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Questions?

Patrick McManus

Managing Director

Mobile +61 (0) 408 956 798

patrick.mcmanus@potashwest.com.au

Adrian Griffin

Chairman

Mobile +61 (0) 418 927 658

adrian.griffin@potashwest.com.au

Unit 3

23 Belgravia Street

Belmont WA 6104

PO Box 588

Belmont WA 6984

Phone +61 (0) 8 9479 5386

Fax +61 (0) 8 9475 0847

www.potashwest.com.au 16

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