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KSK ASIARESOURCES

Creating Future Resources

Copyright 2014 KSK Asia Resources

A presentation prepared for financial service industry

professionals and sophisticated investors


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DISCLAIMERThe information set out in this presentation (the Presentation)has been produced by KSK

Asia Resources (the Company)as of January 15, 2014 and is being made available to

recipients for information purposes only. The information set out in this Presentation has notbeen independently verified and may be subject to updating, completion, revision and

amendment. The Presentation does not purport to summarise all the conditions, risks andother attributes of an investment in the Company. The distribution of the Presentation may

in certain jurisdictions be restricted by law. Persons into whose possession the Presentation

may come are required by the Company to inform themselves about and to comply withall applicable laws and regulations in force in any jurisdiction in or from which they invest

or receive or possess the Presentation and must obtain any consent, approval or

permission required under the laws and regulations in force in such jurisdiction, and theCompany shall not have any responsibility or liability for these obligations. No

representation or warranty (express or implied) is made as to, and no reliance should beplaced on, any information, including projections, estimates, targets and opinions,

contained herein, and no liability whatsoever is accepted as to any errors, omissions or

misstatements contained herein, and, accordingly, none of the Company or any of itsdirectors, officers or employees accepts any responsibility for the information, statements,

matters, facts or opinions stated herein, or any liability whatsoever arising directly or

indirectly from the use of or any act or omission undertaken in reliance on thePresentation.

Certain of the information contained herein may include forward-looking statements

relating to the business, financial performance and results of the Company and/or the

industry in which it operates. Forward-looking statements concern future circumstancesand results and other statements that are not historical facts, sometimes identified by the

words believes,expects,predicts,intends,projects,plans,estimates,aims,

foresees, anticipates, targets, may, will, should and similar expressions. Theforward-looking statements contained in the Presentation, including assumptions, opinions

and views of the Company or cited from third party sources are solely opinions andforecasts which are subject to risks, uncertainties and other factors that may cause actual

events to differ materially from any anticipated development. The forward-looking

statements in this Presentation are based on certain assumptions including but not limitedto expectations and assumptions concerning prevailing and future commodity prices and

exchange rates, applicable royalty and tax rates, future well production rates, the

performance of existing and future wells, the sufficiency of budged capital expenditures,the availability and cost of labour, services and equipment, adequate weather and

environmental conditions and ability to successfully construct or expand facilities. None of

the Company or any of its subsidiary undertakings or any such persons, directors, officersor employees provide any assurance that the assumptions underlying such forward-

looking statements are free from errors nor does any of them accept any responsibility forthe future accuracy of the opinions expressed in the Presentation or the actual

occurrence of the forecasted developments. Neither the Company nor its directors

assumes any obligation to update any forward-looking statements or to conform theseforward-looking statements to the Companysactual results.

AN INVESTMENT IN THE COMPANY INVOLVES RISK, AND THERE ARE A NUMBER OF

FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OFTHE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS,

PERFORMANCE OR ACHIEVEMENTS THAT MAY BE EXPRESSED OR IMPLIED BY

STATEMENTS AND INFORMATION IN THE PRESENTATION, INCLUDING, AMONG OTHERS,RISKS OR UNCERTAINTIES ASSOCIATED WITH THE COMPANYS BUSINESS OR

DEVELOPMENT SUCH AS OPERATIONAL RISKS IN DEVELOPMENT, EXPLORATION AND

PRODUCTION, DELAYS OR CHANGES IN PLANS WITH RESPECT TO EXPLORATION ORDEVELOPMENT PROJECTS OR CAPITAL EXPENDITURES, THE UNCERTAINTY OF RESERVE

AND RESOURCE ESTIMATES; THE UNCERTAINTY OF ESTIMATES AND PROJECTIONSRELATING TO PRODUCTION, COSTS AND EXPENSES, MARKETING AND

TRANSPORTATION OF MINERALS, HEALTH, SAFETY AND ENVIRONMENTAL RISKS,

GROWTH MANAGEMENT, FINANCING, MARKET ACCEPTANCE AND RELATIONS WITHCUSTOMERS, AND, MORE GENERALLY, GENERAL ECONOMIC AND BUSINESS

CONDITIONS, POLITICAL RISK AND / OR GOVERNMENTAL INSTABILITY, CHANGES INDOMESTIC AND FOREIGN LAWS (INCLUDING EXCHANGE CONTROL) AND

REGULATIONS, ROYALTY RATES AND TAXES, CHANGES IN COMPETITION AND PRICING

ENVIRONMENTS, FLUCTUATIONS IN COMMODITY PRICES, CURRENCY EXCHANGERATES AND INTEREST RATES AND OTHER FACTORS. SHOULD ONE OR MORE OF THESE

RISKS OR UNCERTAINTIES MATERIALISE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE

INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THISPRESENTATION.THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY

OBLIGATION, TO UPDATE OR CORRECT THE INFORMATION INCLUDED IN THE

PRESENTATION.

The contents of the Presentation are not to be construed as legal, business,investment or tax advice. Each recipient should consult with its own legal, business,

investment and tax adviser as to legal business, investment and tax advice. By

receiving the Presentation you acknowledge that you will be solely responsible foryour own assessment of the market and the market position of the Company and

that you will conduct your own analysis and be solely responsible for forming your

own view of the potential future performance of the Companysbusiness.

2This information is subject to the disclaimer on page 2 of this documentKSK ASIA RESOURCES . ALL RIGHTS RESERVED

KSK ASIA RESOURCES PRESENTATION 2014


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We are a leading resources company in Asia. Our purpose is to create long-term shareholdervalue through the discovery, acquisition, development and marketing of natural resources.

We are among the worlds leading integrated producers of iron sand and have substantialinterests in the timber and forestry industry. Our unrivalled portfolio of high quality growthopportunities will ensure we continue to meet the changing needs of our customers and theresources demand of emerging economies at every stage of their growth.

ksk

asiaresources




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Efficiency

Our BusinessOperationsOur Group also undertakes iron sandmining, timber production and sawmillactivities through our subsidiaries inMalaysia. Our core expertise is in thebusiness of iron sand mining in whichwe process iron sand concentrates toother processing facilities.

We are engaged in iron sand miningoperations in Jeli, Kelantan, Malaysiato undertake mining activities. KSK AsiaResources holds the sole and exclusivemining rights with the Government tomine for iron sand in our concessionarea situated at Kelantan of 207.4hectares (512.5 acres).

We also engage in timber production

from our plant located in Kelantan,Malaysia. In addition, we also operatemultiple sawmill factories.

Diversityrofessionalism4This information is subject to the disclaimer on page 2 of this document

KSK ASIA RESOURCES . ALL RIGHTS RESERVED



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KSK MINING

SDN. BHD.

KSK CEMERLANG

GROUP SDN.

BHD.

KSK PLANTATION

SDN. BHD.

KSK SAWMILL

SDN. BHD.

KSK TIMBER

ENTERPRISE

100% 100% 100% 100% 100%




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In every cycle, there are always opportunities.We believe that KSK Asia Resources has anabundance of opportunities.

MISSION:To create long-term shareholder

value through the discovery,acquisition, development andmarketing of natural resources.

VISION: To be a low-cost producerwith

geographic diversificationand low political risk

To exploit theseopportunities with abalance of innovationand discipline

To build a diversifiedportfolioof explorationand developmentsuccesses




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GROWING

PEOPLE

GROWING

MARGINS

GROWING

SAFETY

GROWING

RESERVES

GROWING

PARTNERSHIPS

GROWING

PRODUCTION

Providing opportunities forpersonal and professionalgrowth; develop people to

their fullest potential

Strong margins KSK Asia Resourcesremains the lowest-cost iron sand

producer and will allow us todeliver our commitment to

shareholders

Enhance abilities torecognize the complexity ofthe task and deal with risk

By replacing the iron sand weproduce, we provide the

resource for future developmentwhich is fundamental for the

long-term viability of ourbusiness

Facilitates the teamwork andapplication of everybodys

collective expertise

Enhance quality and increaseoutput of glass products withtechnological improvements



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8KSK ASIA RESOURCES . ALL RIGHTS RESERVED

This information is subject to the disclaimer on page 2 of this document

Schedule for 2013-2014

2012

2009-2011

APPLICATION TO SEEK LISTING

IN SINGAPORE.

ADMISSION OF KSK ON SGX-ST(CATALIST).

COMMISSION OF SECONDWASH PLANT

FIRST POUR FROM SECONDWASH PLANT

CONSTRUCTION OF THIRDWASH PLANT

ENTRY INTO NEW GEOGRAPHICAREAS.

ADDITION OF MORE LICENSESAND GEOGRAPHIC AREAS TOTHE PORTFOLIO.

INCREASE PRODUCTIONTARGET 850,000 TONNES PERANNUM

COMPLETED MININGSCHEME REPORT FOR JELIIRON SAND PROJECT

AQUIRES PRIVATE MININGLICENSE TO JELI IRON SANDPROJECT

COMPLETED CLEARING OFOVERBURDEN

FINISHED CONSTRUCTION OFMINING SITE

TRIAL RUN ON THE FIRSTWASH PLANT

TRIAL RUN ON THE SECONDWASH PLANT

INCORPORATED KSK ASIARESOURCES

CONSISTENT Y-O-Y GROWTHIN THE SAWMILL BUSINESS

ACQUIRE 4 SAWMILLFACTORIES IN JELI

DIVERSIFY INTO IRON SANDMINING INDUSTRY


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JELI IRONS NDPROJECT

KSK Asia Resources wholly owns the

mining concession of Jeli Iron SandProject in Jeli, Kelantan, Malaysia.

The Jeli Iron Sand Project is located onthe North Eastern border of theMalaysian state of Kelantan, close tothe Thailand border and runs along theKelantan and Perak state border. Thesite is some 125km from the statecapital of Kota Bahru and 35km fromthe local centre of Jeli which has apopulation of approximately 47,500.




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STAGE 1Materials are washeddown from the run of mill(ROM) stockpile into aslurry mixture which will be

transported onto a slurrypump pickupand thenpumped to trundle.

STAGE 2Oversized materials areremoved using atrommel separator.

STAGE 3Miners mossmatsareused to capture fine ironas well as gold particles.

STAGE 4Fine and densematerials fall throughthe screenwhilst lightermaterials will get

washed over.

STAGE 5A slurry pump is usedto transfer productsinto a surge tank.

STAGE 6Ajig separator is used tofurther screen out thematerials.

STAGE 7Magnetic Separator isused to collect the ironfines which are pumpedto the product storagepad.




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100% owned by KSK Asia Resources

Production commenced in Q4 2013

Finished product trucked to port in Tok Bali (in Kota Bahru) or Kuantan

Port

IRON CONCENTRATE

Using dry opencast method for mining

Target production of 850,000 tonnes per annumconcentrate atminimum 67.7% Fe

Full scale concentrate production targeted for Q3 2014

Estimate current reserves of 7 million tonnes of iron concentrate

Excavation Estimate

Total mine area = 207.4 ha

Percentage extraction area = 40%

Estimated Workable area = 0.4 x 207.4

= 82.96 ha

Mine Depth = 35.6 m

Total volume of extraction = 82.96 x 35.6 x 10,000

= 29, 533, 760 m3

Mineral Estimate

Estimated iron ore percentage = 10%

Iron ore volume = 29, 533, 760 x 0.1 m3

= 2,953,376 m3

Density of iron ore = 3.5 tonne / m3

= 2,953,376 x 3.5

= 10,366,816 tonnes

Fe content = 67.7%

Tonnage of Fe = 10,366,816 x 0.677

= 6,998,024 tonnes

7,000,000 tonnes

Jeli IronSand Project




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Estimated RevenueFrom Reserve= 7,000,000t x RM 315= RM 2,205,000,000

Estimated Costto recover Iron Sand in reserve= 7,000,000t x RM 80= RM 560,000,000

NET PROFIT= RM 2,205,000,000 RM560,000,000

=RM 1,645,000,000

NET PROFIT PER YEAR= RM 1,645,000,000 / 8 years= RM 205,625,000

S$ 78,297,540/yearExchange rate: S$ 1 = RM 2.6262 (as at 8/2/2014)

ECONOMIC BENEFITSKSK Asia Resources proven and cost-effectiveproduction when applied to reserves candeliver significant economic benefits

ESTIMATED IRON SAND RESERVES

7 Million Tonnes (t)Based on Cloonmore International Report

PRICE OF ONE TONNE OF IRONSAND

RM 315

COST OF RECOVERY OF ONE

TONNE OF IRON SAND

RM 80



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FUTUREDEM ND16



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This information is subject to the disclaimer on page 2 of this documentKSK ASIA RESOURCES . ALL RIGHTS RESERVED


Motorisation Urbanisation Industrialisation

Increase in vehiclesmanufactured

Increase in housingconstruction

Increase in productsmade with steel


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ASEANhas experienced rapid growth in economicactivity and steel demand. Steel consumption:44mt (2006)63mt (2011).

In 2005, Malaysiaconsumed 6.5million tonnes (mt)of finished steel products. In 2011, this had risen to

7.9mt, and in 2016steel consumption is forecastedto hit10.0mt

Malaysian government has also outlinedRM106billion worth of projects to roll out this year(2014) such as the 316km West Coast Expresswayfrom Banting to Taiping, the construction ofadditional blocks in Hospital Queen Elizabeth inKota Kinabalu, and the RM578million Programme

Perumahan Rakyat that involves the constructionof 16,473 housing units. The government hasestimated a 9.6% growth for the constructionsector( a major driver of steel consumption).

Next major market for steel productsChina, India,Indonesia, Thailand




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China has only just reached levels of consumption of a developedcountry

Source: Macquarie Research


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Combined steel import from Asia(China, India, South Korea, Thailand and Indonesia) in 2012 is about 69.3million tonnes, far exceeding the total import quantity from USA, Canada, Mexico, Turkey and Europe.

Source:International Steel Statistic Bureau

Top Steel Importers Worldwide


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TIMBERPRODUCTION


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LOG-SORTING.

DE-BARKING

LOG-SAWINGAND

BREAKDOWN

SORTING ANDGRADING

DRYING.

REGRADINGANDSURFACING




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Long-term demand for logs driven by affordable housingshortage

Wood timber deficit in China

KSK Asia Resources is well-positioned to serve Chinasgrowing need for timber

Housing consumes 80% of softwood

logs and lumber Current urban housing shortage of

6070 million units

Urban households expected to grow

5 million per year for 20+ years

- New immigration 5 million

- Teardowns 2 million- To close gap 24 million

Annual Housing 1012 million

Affordable housing is a top priority

23This information is subject to the disclaimer on page 2 of this document

Source:GaveKal Data




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China

Leveraging Chinas growth and manufacturing

capability

SpeedSpeed of deliverytime is money

Planning

Planning for scale today and efficiency into the

future

RelationshipsDirect relationships with sub contractors and local

suppliers

CultureKSK Asia Resources unique culture is the key




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One of Asias leading resources

companies

Strategically located to meet

demand for iron sand in Asia

Deep understanding and

knowledge of iron mining

processes

Integrated iron mining capabilities

Established and diversifiedcustomer base

Professional and experienced

management




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Acquire more mineralreserves in Malaysia

Proven & costeffective

production

Consolidate market share in Malaysia and expand into new market territories through licensing and distribution

Licensing & distributioninto international markets

Grow operations inSouth East Asia

Expand footprint ininternational markets



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Our Mining Strategy

To be the worlds No 1producer of iron sandconcentrate andassociated products

Actions: Develop the Jeli iron

sand deposit to its fullpotential

Secure additional ironsand and iron oreresources

Secure customer off-take agreements for60- 80% of capacity

Implement zero waste

methodology

Secure long-term contractsto supply timber and woodto other wood-relatedbusinesses in the industry

Actions: Identify suitable reliable

timber plantations Develop reliable cost

effective processes andmachinery

Secure cost effectivelogistics solutions

Identify complimentary revenuestreams and growth opportunities

Actions: Evaluate new business

opportunities and partnerships Evaluate additional iron

sand mineral opportunities ie.Ilmenite and zircon

Establish a Vanadium by-product business

Enhance communicationsystems and public relations

Develop humanresource capability

Rigorous capitalmanagement

Enhance commercialcapability

Enhance businesssystem capability

Rigorous cost control

EN BLING STR TEGIES



IRON MINERALSTIMBER


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FIN NCI LST TEMENT




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29


0

5

10

15

20

25

30

35

FY2010

(A)

FY2011

(A)

FY2012

(A)

FY2013

(F)

FY2014

(F)

RMM

illions

Net Profit After Tax Net Profit Before Tax Profit From Operations

Gross Profit Revenue

KSK ASIA RESOURCES . ALL RIGHTS RESERVEDThis information is subject to the disclaimer on page 2 of this document

KSK Asia Resources' financial performanceAs At 31 December 2013

FORECAST:

With proven record and cost-effective operations, KSK Asia

Resources expects strong organicgrowth to continue

Significant opportunities forcompanies in iron and timber

industry with proven track recordEG: KSK Asia Resources

Companies and state-ownedenterprises in China increasingspendingon timber and iron

Global resources demand growing

Graph shows continued profit growth since 2010


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0

5

10

15

20

25

30

FY2010 FY2011 FY2012 FY2013

RMM

illions

R V NU

Revenue

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

FY2010 FY2011 FY2012 FY2013

RMM

illions

N T PROFIT

Net Profit

After Tax

0

0.5

1

1.5

2

2.5

3

3.5

FY2010 FY2011 FY2012 FY2013

RMM

illions

GROSS PROFIT


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0

10

20

30

40

50

60

70

80

90

FY2014

(F)

FY2015

(F)

FY2016

(F)

FY2017

(F)

FY2018

(F)

RMM

illions

Profit ForecastNet Profit After Tax Revenue


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INVESTMENTSUMM RY

WORLD CLASS RESOURCEPOTENTIAL

Mining Concession in Jeli,Kelantan with plans to investand expand productionfacilities to Indonesia, Chinaand other Asian countries.

PRODUCTIONOPPORTUNITY

Iron Sand productioncommenced in Q4 2013with immediate cash-flow.An estimate of 850thousand tons of iron sandwill be treated annually withthe adoption oftechnologicaladvancements andincrement of treatmentfacilities.

WELL FUNDED VENTURE

Mining and resource assetsof more than SGD 10 million.Ore reserve with estimated8 million tonnes of Ironconcentrate. Estimatedvalue of SGD 800 million.

TECHNOLOGYADVANTAGE

Access to a high-technologysuite through an exclusiveagreement. The technologysuite reduces processing costsand transport costs significantlyand enables shorter time forprocessing.

STRATEGY FOCUSED ONVALUE CREATION FORSHAREHOLDERS

Understanding the valuecreation significance. Highgrade assets in portfolio, uponmaturation, spin-off in separateventures and issue new sharesto existing shareholders.

COMPELLINGVALUATION

Attractive pricing in relation tolocal peers to providefavourable post-IPO share pricepressure.




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Wholly owned, freehold mining asset in Asia

Track record of consistent and growing profitability

Earnings Certainty

Proven and cost-effective production

Experienced Board & Management, with strong connections with

Malaysias federal and local state government


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CREATING

SHAREHOLDER VALUE

Fund existingoperations

and expansions

Invest in highreturn organicgrowth assets

Flexibilityfor selective

M&A

RegularDividendgrowth


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SHAREHOLDER AFTER PUBLIC PLACEMENT (IPO) OF USD 50 MILLION

Chairman 69.70%

Lenders 10.60%

Pre-IPO investors 20% discount to IPO 7.72%

Public Shareholder 11.97%

Total 100%

CHAIRMAN LENDERSPUBLIC

SHAREHOLD.PRE-IPO

INVESTORS

10.60%69.70% 7.72% 11.97%

KSK ASIARESOURCES

AFTER PLACEMENT

Use of funds SGD MillionIPO 40.00

OutgoingAcquisition of equipment 5.00Placement fees 1.75Business Development 18.07Working Capital 5.18

Surplus 10.00

RATIONALE FOR CHOOSING SGX-ST

1) Offers great liquidity2) Huge demand for Steel companies

Targeting minimum raise ofSGD 40million

200 million sharesat$0.20/share One attaching option/two shares

issued(no additional consideration)

Exercise price of $0.12, expiringthree years from listing date


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COMPANY ADDRESS

(Singapore)

KSK ASIA RESOURCES

33 Ubi Avenue 3

Vertex Tower B, #07-17

Singapore 408868

(Malaysia)

KSK MINING SDN. BHD.

KSK CEMERLANG GROUP SDN. BHD.

KSK SAWMILL SDN. BHD.

KSK PLANTATION SDN. BHD.

KSK TIMBER ENTERPRISE

Lot 7. Kawasan Industri Jeli,

17600 Jeli, Kelantan Darul Naim,

Malaysia

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