1. Cobalt 2011 Supply SourceBPLs Co-pyrite deposits could fuel the future of Broken Hill .. Sulphuric acid Cobalt C-free electricity Hematite Feldspar (ceramics) Broken Hill Prospecting Limited (ASX:BPL) Dr Ian Pringle (Managing Director) 26 June, 2013 7th Annual Mining NSW Conference, Orange, 26-27th June, 2013

2. Disclaimer This presentation contains forward-looking statements that involve subjective judgement and analysis and accordingly, are subject to significant uncertainties and risks, many of which are outside the control of, and are unknown to, Broken Hill Prospecting Pty Ltd ( BPL). In such circumstances, the forward-looking statements can be identified by the use of forward-looking words such as may, will, expect, intend, seek, estimate, believe, continue or other similar words. No representation, warranty or assurance is given or made in relation to any forward-looking statement by BPL or its representatives, In addition, no representation, warranty or assurance is given in relation to any underlying assumption or that any forward-looking statements will be achieved. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Accordingly, presentation readers are cautioned not to place undue reliance on such forward-looking statements as a result of the uncertainties. In particular, BPL wishes to caution readers that these forward-looking statements are based on economic predictions and assumptions on reserves, mining method, production rates, metal prices and costs (both capital and operating) developed by BPL management in conjunction with consultants. This presentation and the forward-looking statements made in this presentation, speak only as of the date of the presentation. Accordingly, subject to any continuing obligations under the Corporations Act and the New Zealand and Australian Stock Exchange Listing Rules, BPL disclaims any obligation or undertaking to publicly update or revise any of the forward-looking statements in this presentation, whether as a result of new information, or any change in events, conditions or circumstances on which any such statements is based. The exploration target and potential being reported under Section 18 of the JORC Code is based on assessments of prospects within BPLs tenure which are supported by drilling, geophysics, geological studies, imagery analysis, metallurgical test-work and preliminary modelling. However, the potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in discovery of a Mineral Resource. Competent Person Statement The review of exploration activities and results contained in this report is based on information compiled by Dr Ian Pringle, a Member of the Australasian Institute of Mining and Metallurgy. Dr Pringle is the Managing Director of Broken Hill Prospecting Pty Ltd and also a Director of Ian J Pringle & Associates Pty Ltd, a consultancy company in minerals exploration. He has sufficient experience which is relevant to the style of mineralization and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the December 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). Dr Pringle has consented to the inclusion in this report of the matters based on his information in the form and context in which it appears. IMPORTANT NOTICES 3. THE DEPOSITS. Location - important for future development Cobalt-pyrite deposits Located 25km SW of BH Beside road/rail EL & 2 MLs Geophysics (IP) and Pyrite Hill drilling in 2011 Drilling in 2012/2013 discovered Railway Deposit 2013 Broken Hill Chemical P/L formed to progress sulphuric acid development Pinnacles mine 4. GEOLOGY.. Co in surface deposits PYRITE HILL Inf Res; 16.4Mt at 1.83lb/t Co (plus 14-24Mt potential) BIG HILL Inf Res; 4.4Mt at 2.00lb/t Co (open to NE & at depth) RAILWAY Inf Res; 14.9Mt at 1.83lb/t Co (plus 23-35Mt potential) View on next slide 5. No residence within >10km, limited land use Environmental impacts are manageable Already has MLs (and EL) Excellent future mine site location Very well located to rail and road . View towards EAST Railway Cobalt Deposit Offset Cobalt Deposit Big Hill Cobalt Deposit Broken Hill Pyrite Hill Cobalt Deposit View towards EAST View towards WEST Pt Pirie 6. Big Hill Silver Mining Coy. 1885-1889 7. 1695 Ma Himalaya Fm 1705 Ma Redoxboundary?? 1685My Dates from Conor & Preiss (2006) 8. Project Geology Co in surface deposits PYRITE HILL Inf Res; 16.4Mt at 1.83lb/t Co (plus 14-24Mt potential) BIG HILL Inf Res; 4.4Mt at 2.00lb/t Co (open to NE & at depth) RAILWAY Inf Res; 14.9Mt at 1.83lb/t Co (plus 23-35Mt potential) 9. Resources and Potential. are very large 10. Project Geology Co in surface deposits PYRITE HILL Inf Res; 16.4Mt at 1.83lb/t Co (plus 14-24Mt potential) BIG HILL Inf Res; 4.4Mt at 2.00lb/t Co (open to NE & at depth) RAILWAY Inf Res; 14.9Mt at 1.83lb/t Co (plus 23-35Mt potential) 11. Railway Prospect BED001 IP plan with conductivity (colour) and chargeability (contours) 12. Cobalt pyrite continues at depth High-grade Co - pyrite extends at depth along the western margin of the Railway Cobalt Deposit 2013 drilling at BED001 13. Chargeability slices along the Railway - Big Hill trend Railway Co Deposit (Inf Res of 14.9Mt of 1.83lb/t Co plus potential for 23-35Mt) 14. Comparable size to the Broken Hill Ore body? PYRITE HILL Inf Res; 16.4Mt at 1.83lb/t Co (plus 14-24Mt potential) BIG HILL Inf Res; 4.4Mt at 2.00lb/t Co (open to NE & at depth) RAILWAY Inf Res; 14.9Mt at 1.83lb/t Co (plus 23-35Mt potential) The Railway Cobalt Deposit footprint .... shaping up to be of similar size to the Broken Hill ore body Long section through the BH orebody ? 15. What is cobalt? ...... A metal of the future Co is special... hard, heavy, high melting temperature, strong mag Co a Strategic Metal in the USA, China, Japan and EU Co price in last 5 years: $12-$50/lb ($22,000-$110,000/t) Co is widely used: superalloys for turbines, jets, military, aircraft, space rechargeable batteries (electric cars, mobile phones, laptops....). Many lithium-ion batteries contain up to 60% Co a strong magnetic (better than Ni and Fe) pigment, bright blue colour vitamin B12 (blood and brain) catalyst, . jewellery, medical isotopes, cosmetics, etc. 16. Lithium ion batteries are light and small Source; http://www.compactpower.com/lithium.shtml 17. Lithium Cobalt Oxide (LiCoO2) battery Li-cobalt battery for mobile phones, ipads, laptops, digital cameras, rechargeable vehicles..... (Source; http://batteryuniversity.com) Contain ~60% cobalt by weight 18. Why are BPLs cobalt deposits special? Co mostly bi-product from some Cu or Ni mines From ~ 98,000t Co produced in 2011; o >60% from DR Congo, >40% refined in China o >80% consumed in USA, Japan, China and EU. No Co mined in USA, Japan, or EU DR Congo: 50% of world Co resources, 60% production o On 4 April 2013 DRC announced ban on exporting cobalt con in July o uncertainty of future supply, growing world demand. DR Congo Canada Others China Russia Zambia Australia Cuba Morocco New Caledonia Brazil 2011 Cobalt Mine Production Source: USGS Mineral Commodity Summary 2012 19. Cobalt price trend on LME Source; London Metals Exchange ? DR Congo announced ban on cobalt exports, 4 April 20. Concentrate Scoping Studies have boosted development options Completed by GHD in Nov 12 Identified robust economics for pyrite concentrate roasting to produce sulphuric acid, Co & hematite 5 fast-track, low cost development options at nominal processing rates of 1.5 7.5mtpa 1st step in ongoing acid/Co development, infrastructure & marketing evaluation X 21. A staged development? combination of several process options: Start-up 1.5Mtpa of 35% hg pyrite ore CAPEX A$6.5m OPEX A$14.3mpa Benefits; low capital investment, low water use, low power, early cash flow Flotation of 1.5Mtpa of pyrite for 300,000tpa 85-90% pyrite con. CAPEX A$74m OPEX A$17.8mpa Flotation of 7.5Mtpa of pyrite for 1.5mtpa 85-90% pyrite con. CAPEX A$190m OPEX A$50.9mpa Estimated return for concentrate processing with an established sulphide roast facility is $44/t ore feed and a 1.6 year pay-back Pyrite to produce sulphuric acid Key Points 22. Broken Hill Chemical Pty Limited (BCL) formed as investment vehicle Australia is a net importer (>400,000t imported in 2012) and there is a growing local market Sulphuric acid is imported 23. Sulphuric acid is a critical component for numerous industries H2SO4 is most used of any chemical (>2,200mta produced) Most used for phosphate fertiliser (52% in 2011) Others: plastics, fibres, oil refining, metals and mineral processing World consumption increased 58% (1990 to 2011) Future growth with increasing need for food crops/soil improvement World consumption 2011 China 24. >85% of sulphuric acid from pyrite is produced and consumed in China. Pyrite con prices in China market recently ranged $250-$400/tonne. Pyrite to produce sulphuric acid . Manufacturing sulphuric acid in 1889 Photo: Emilio Ereza Collection: easyFotostock 25. Sulphuric acid production Source: M. Runkel & P. Sturm (The Journal of The Southern African Institute of Mining and Metallurgy, V109, 2009) 26. Roasting plants for pyrite.. Gidji in WA has operated since 1991 Gidji, the worlds 1st industrial-scale Circulating Fluid Bed roaster 27. Sulphuric acid production comparison of two processes Acid plant flow charts for pyrite roasting (top) and sulphur burning (bottom) 28. metgas and sulphur burning sulphur railed 950km from Townsville 3700tpd of 98.5% H2SO4 most railed 150km to Phosphate Hill Xstrata Cu smelter to close in 2016 Mt Isa sulphuric acid plant Incitec Pivot 29. Pyrite versus sulphur break even (example 1000 t/d H2SO4) Source: M. Runkel & P. Sturm (The Journal of The Southern African Institute of Mining and Metallurgy, V109, 2009) Pyrite roasting can provide better long-term returns 30. clean energy bonus to add to future Co & H2SO4 processing Steam of exothermic heat from roasting for electric power Sale of surplus, zero-C energy could increase project value 18-24MW of electricity possible Future concentrate roasting could also generate electric power .. with a carbon neutral footprint 31. SNAPSHOT Broken Hill Prospecting Limited Main office: Sydney, L14, 52 Phillip Street TEL: +61 2 9252 5300, EMAIL: ipringle@bhpl.biz, WEB: www.bhpl.biz Commenced Trading 17/2/2011 ASX Code: BPL Directors/Management Creagh OConnor (Chairman) Dr Ian Pringle (MD) Geoff Hill (Alternate: Matt Hill) Peter Atkinson Rob Barnes Corp Advise Consultant Geologist Finance Geologist Geologist Francesco Girotto John Elliot Wolf Leyh Ralph Stagg Company Secretary Consultant Geologist Consultant Geologist Resources Consultant 100% owned : Broken Hill Uranium Pty Limited Broken Hill Chemical Pty Limited 32. SUMMARY An industry backbone for the future Broken Hill? Owns 100% of world-class resources Excellent location Cobalt - increasing use but...security of supply. Sulphuric acid - Broken Hill Chemical Pty Ltd Electric power adding value, grants? Other value adding; Feldspar for ceramics/tiles High-grade iron ore (hematite) 33. THANK YOU Ian Pringle Managing Director 0408 548767 Please visit our website www.bhpl.biz to find out more about BPL, our deposits and our plans to build a new chemical industry.