Ritz Carlton Hotel, Singapore - ASX · Ritz Carlton Hotel, Singapore 25 October 2011 A unique...

Ritz Carlton Hotel, Singapore25 October 2011A unique opportunity to hear the latest business strategies and outlooks from a selection of

emerging market leaders in the small and mid cap segment of the Australian market.

ASX Small to Mid Caps

Supported by

ASX 42186 Small to Mid Caps Singapore cover.indd 1 30/09/11 11:31 PM

Welcome

Welcome to ‘ASX Small to Mid Caps’, an event that showcases some of Australia’s leading small and

mid cap companies and at the same time provides a valuable snapshot of the significant investment

opportunities in the Australian Equity Market.

The ASX Small to Mid Caps conference is a global series hosted in Singapore, Hong Kong, London

and New York every year. This event is the fourteenth in the series and the third of its kind in Singapore.

ASX Small to Mid Caps is a result of co-operation between the Australian Securities Exchange,

the supporting brokers and investment banks, and a select group of listed companies. It continues

to attract strong support from the broking and investment community in Singapore demonstrating

confidence in the considerable investment fundamentals of the Australian market.

The companies involved in the event, with capitalisations generally below A$1 billion, represent an

important segment of the Australian market that does not always get the international exposure it

deserves. Importantly, from the Singapore investor perspective, the event is an opportunity to meet a

broad representation of companies from a variety of sectors at one single venue.

During the course of the day, it will become clear that investment in the Australian Equity Market

provides excellent exposure to the ongoing and projected growth of emerging economies in the

Asia-Pacific region – exposure which is importantly provided within a stable and reputable market

environment.

We would like to welcome you to today’s event and thank you, our event supporters and participating

ASX listed companies, for helping to make it such a great success.

We look forward to seeing you again in 2012.

Richard Murphy Will Wilson

General Manager, Equity Markets General Manager, Sales and Marketing

Australian Securities Exchange Australian Securities Exchange


Tuesday October 25

8.30am REGISTRATION WITH BREAKFAST

8.55am WELCOMEADDRESS-ASX

9.00am BCIronLimited

9.25am GoldOneInternationalLimited

9.50am CerroResourcesNL

10.15am MetmincoLimited

10.40am MORNING BREAK

11.00am HawkleyOil&GasLimited

11.25am PanoramicResourcesLimited

11.50am BathurstResourcesLimited

12.15pm GREngineeringServicesLimited

12.40pm LUNCH

1.30pm AustalLimited

1.55pm ThornGroupLimited

2.20pm Slater&GordonLimited

2.45pm ToxFreeSolutionsLimited

3.10pm AFTERNOON BREAK

3.30pm BionomicsLimited

3.55pm RevaMedical,Inc.

4.20pm QRxPharmaLimited

4.45pm PhosphagenicsLimited

FOLLOWEd By dRINKS RECEpTION

8.00am - 5.45pm One-on-One meetings

Agenda–Singapore

Venue details

TheRitzCarlton

7RafflesAvenue

Singapore

Tel: +6563378888

Fax: +6563380001

ThewelcomeaddressandpresentationsbytheASXlisted

companiesarebeingheldintheChihulyRoom2(level3)

oftheTheRitzCarltonHotel.

One-on-one meetings

One-on-onemeetingsbetweeninvestorsandASXlisted

companiesarebeingheldonlevel4.Foreachmeeting

scheduledyouwillbeinformedoftheroomnumbervia

ouronlinebookingagenda.Tobookormakechanges

toanyone-on-onemeetings,reporttoSaraLewisatthe

‘One-on-oneConciergeDesk’onlevel4.Sarawillcheck

availabilityandscheduleameetingforyou.

Name badges

Youshouldhavebeenissuedwithanamebadgeon

registration.Ifyouhavenotreceivedone,reporttothe

RegistrationDeskonlevel3.

Access to company presentations post-event

Companypresentationsandvideoswillbemade

availablefollowingtheconferenceatwww.asx.com.au/

smalltomidcaps/asia

ASX contact details

Sara LewisEventManager,ASX

[email protected]

Andrew MusgraveRegionalManager,Asia

[email protected]

GeneralInformation

All content is provided by the conference supporters and listed companies; ASX takes no responsibility for the information included.

BCIronLimitedisanironoreproducerandexporter

basedinthePilbararegionofWesternAustraliaand

joinedtheranksofAustralia’sironoreproducersin

2011,transitioningfromexplorertoproducerinjust

overfouryears.

OperationsBCIron’scoreassetistheNullagineIronOreJoint

Venture,a50/50jointventurewithFortescueMetals

Group,locatedinthePilbararegionofWestern

Australia.TheJointVentureusesFortescue’s

infrastructureatChristmasCreek,50kmsouthofthe

Mine,torailitsoretoPortHedlandfromwhereitis

shippeddirectlytocustomersoverseas.

Recent developmentsMiningoftheDirectShippingOrebeganatthe

NullagineIronOreJointVentureinNovember2010.

InJanuary2011,BCIronachievedasignificantand

historicalmilestonebysuccessfullybecomingthe

firstjuniorcompanytoaccessandutiliseathirdparty

ownedrailinthePilbara.Thiswasquicklyfollowed

by‘FirstOreOnShip’(FOOS)inFebruary2011using

Fortescue’sHerbElliottPortinPortHedland.

Resources / Reserves EstimatesTheNullagineIronOreProjectcurrentlyhostsa

ProbableOreReserveof36Mtat57percentIron(Fe)

attheCoongan,OutcampandWarrigalWelldeposits

withinamineralresourceof101.7Mtat54.1percent

Fe.

Thehighquality“BonnieFines”productisaDirect

ShippingOrewhichisa‘firstclass’sinterfeedwithlow

impurities.

Significant Contractual ArrangementsInAugust2009,BCIronformallyestablisheda50/50

jointventurewithFortescueMetalsGrouptocreatethe

NullagineIronOreJointVenture.InNovember2009,

theJointVenturesecureditsfirstoff-takeagreement

for20Mtover8.5yearswithHenghouIndustries(Hong

Kong)Limited.ThisagreementincludedUS$50min

pre-paymentsforprojectfinancetoensurefinancial

viabilityoftheProjectthroughthefinalstagesof

developmentandintoproduction.

Future OutlookInlate2011,theNullagineIronOreJointVenture

isexpectedtoreachaninterimproductionrateof

>3Mtpabeforeincreasingthisrateto5Mtpaby30

June2012.Astrongincreaseinoperatingcashflow

isforecastbyJune2012duetoasignificantrisein

theproductionrate.BCIroncontinuestoassess

acquisitionopportunitiesinAustralia,AfricaandSouth

America.

9.00am–BCIronLimited(ASX:BCI)

Mineral Resources and Ore Reserves

Mineral Resources and Ore Reserves at 30 June 2011.

Table 1: Ore Reserve Estimate by Deposit – NIOJV (BC Iron 50%, Fortescue 50%)

Mt Fe% CaFe% Al2O3 % SiO2 % P % S % LOI1000

Outcamp 18.3 56.8 64.7 1.92 3.17 0.014 0.010 12.2Coongan 6.0 57.0 65.0 1.84 2.54 0.011 0.012 12.4Warrigal 10.4 57.0 64.6 2.14 3.68 0.022 0.013 11.7

Total 34.7 56.9 64.7 1.97 3.21 0.016 0.011 12.1

DepositProbable Ore Reserves by Deposit

Table 2: Combined Mineral Resource Estimate for 57% Fe DSO by Deposit – NIOJV (BC Iron 50%, Fortescue 50%)

Mt Fe% CaFe% Al2O3% SiO2% P% S% LOIOutcamp 19.5 56.9 64.8 2.03 3.07 0.014 0.010 12.1Warrigal 14.4 57.0 64.5 2.29 3.64 0.023 0.013 11.6Coongan 7.6 57.0 65.1 1.87 2.47 0.011 0.012 12.4Bonnie East 8.6 56.8 64.7 3.33 2.08 0.014 0.009 12.2Shaw River: Gap 11 2.8 57.1 63.4 2.88 4.79 0.021 0.029 10.1Total DSO 52.9 57.0 64.7 2.33 3.07 0.016 0.012 11.9

Deposit DSO Mineral Resources by Deposit

Table 3: Combined CID Mineral Resource Estimate by Deposit – NIOJV (BC Iron 50%, Fortescue 50%)

Mt Fe% CaFe% Al2O3% SiO2% P% S% LOIOutcamp 37.9 53.8 61.8 2.83 4.44 0.015 0.010 12.9Warrigal 23.4 54.5 62.0 3.46 4.73 0.024 0.013 12.0Coongan 12.8 53.4 61.5 3.24 4.23 0.013 0.013 13.1Bonnie East 12.6 55.0 62.9 4.17 2.72 0.016 0.010 12.5Dandy 2.1 53.7 60.2 6.01 5.28 0.023 0.020 10.8Shaw River 14.0 54.4 61.2 5.12 4.36 0.021 0.027 11.2Total CID 102.9 54.1 61.8 3.57 4.28 0.018 0.014 12.4

DepositCID Mineral Resources by Deposit

Resources / Reserves Estimates

Table 4: Combined Mineral Resource Estimate for 57% Fe DSO by Classification – NIOJV (BC Iron 50%, Fortescue 50%)

Mt Fe% CaFe% Al2O3% SiO2% P% S% LOI1000

Measured 1.4 56.9 64.7 2.23 3.36 0.019 0.016 12.1Indicated 38.0 57.0 64.8 2.09 3.14 0.016 0.011 12.0Inferred 13.5 56.9 64.4 3.03 2.85 0.017 0.014 11.7

Total DSO 52.9 57.0 64.7 2.33 3.07 0.016 0.012 11.9

Classification DSO Mineral Resources by Classification

Table 5: Combined CID Mineral Resource Estimate by Classification – NIOJV (BC Iron 50%, Fortescue 50%)

Mt Fe% CaFe% Al2O3% SiO2% P% S% LOI1000

Measured 1.8 54.1 61.6 3.98 5.08 0.020 0.018 12.3Indicated 68.1 53.9 61.8 3.09 4.48 0.017 0.011 12.7Inferred 32.9 54.5 61.8 4.58 3.86 0.019 0.018 11.9

Total CID 102.9 54.1 61.8 3.58 4.29 0.018 0.014 12.4

ClassificationCID Mineral Resources by Classification

LOI = Loss on ignition at 1000°C

Calcined Fe (CaFe) = Fe% / (100 - LOI%) *100

The CID Mineral Resource is reported using a 45% Fe cut – off grade.

The DSO Mineral Resources is reported using cut-off grades between 53 and 56% Fe. The cut-off grades were selected to achieve a 57% Fe specification grade.

JORC Statement

The information that relates to the Mineral Resource Estimate at Outcamp, Warrigal, and Coongan has been compiled by Mr Richard Gaze who is a Member and Chartered Professional of the Australasian Institute of Mining and Metallurgy and an employee of Golder Associates, and Mr Mike Young who is a Member of the Australian Institute of Geoscientists and an employee of BC Iron. The resources were first reported on the ASX on 2 April 2009. The Outcamp resource estimate has been depleted by BC Iron to account for mining which commenced in November 2010. Both Mr Young and Mr Gaze have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that they are undertaking to qualify as a Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Gaze and Mr Young consent to the inclusion in their names in the matters based on their information in the form and context in which it appears.

The information that relates to the Mineral Resource Estimate at Bonnie East, Dandy and Shaw River has been compiled by Mr Gregory Hudson who is a Member of the Australian Institute of Geoscientists and an employee of BC Iron, and Mr Mike Young who is a Member of the Australian Institute of Geoscientists and an employee of BC Iron. The Bonnie East resources were first reported on the ASX on 2 April 2009, the Shaw River resources were first reported on the ASX on 30 July 2010, and the Dandy resources were first reported on the ASX on 20 September 2011. Both Mr Young and Mr Hudson have sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that they are undertaking to qualify as a Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Hudson and Mr Young consent to the inclusion of their names in the matters based on their information in the form and context in which it appears.

The information that relates to the Ore Reserve has been compiled by Mr Blair Duncan who is an employee of the Company and a Member of the Australasian Institute of Mining and Metallurgy. Mr Duncan has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that 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 Duncan consents to the inclusion of his name in the matters based on his information in the form and context in which it appears.

Mike YoungManaging Director

Notes

GoldOneisagoldproducerlistedonthefinancial

marketsoperatedbytheASXLimitedandtheJSE

Limited,issuercodeGDO.Itsflagshipoperationis

thenewlybuiltshallowModderEastmineontheEast

Rand,some30kilometresfromJohannesburg.

ModderEastisthefirstnewminetobebuiltin

theregionin28yearsanddistinguishesitselffrom

mostoftheothergoldminesinSouthAfricaowingto

itsshallownature(300metresto500metresbelow

surface).TodateModderEasthasprovideddirect

employmentopportunitiesforover1,500people.Gold

OnealsoownsthenearbyexistingSubNigelmine,

whichisusedprimarilyasatrainingcentreinthebuild-

upofModderEasttofullproduction.GoldOne’sother

projectsandtargetsincludeVentersburginthe

FreeStateGoldfields,theTuloconcessionin

MozambiqueandtheEtendekagreenfieldprojectin

Namibia.

OperationsModderEast–inproduction

Ventersburg–inpre-feasibility

TuloandEtendeka–earlystageexploration

Recent developments• Spun-outdeeperlevelassetscreatingGoliath

Gold*

• AcquiredgoldproducerRandUraniumforUS$250

million*

• IntroductionoflongtermstrategicChinese

shareholderwithaminimumcapitalinjectionofA$

150millionandA$0.55coffertoallshareholders

• NegotiatedaUS$210milliondebtfacilityforRand

Uraniumacquisition *Deal completion subject to conditions precedent.

Resources / Reserves EstimatesThecompany’sprovedandprobablereservesat

ModderEastis1.53millionounces(including11.93

milliontonnesat4.0gramspertonne).

Totalresourcebaseto21.71millionouncesof

gold,includinga8.60millionouncesinthemeasured

andindicatedresourcecategories(88.09million

tonnesat3.03gramspertonne)and13.11million

ouncesintheinferredcategory(103.06milliontonnes

at3.95gramspertonne).

Significant Contractual ArrangementsGoldOneowns71%ofGoliathGold,aJSE-listed

golddevelopmentcompanywitharesourcecurrently

comprising3.02-millionounces(including21.55-million

tonnesat4.36gramspertonne)intheindicatedcategory

and9.63-millionounces(including64.62-milliontonnes

at4.64gramspertonne)intheinferredcategory.

Future OutlookFor2011,productionguidanceof120000ouncesis

forecastatacashcostofUS$417perouncefrom

existingoperations.

Productionissettodoubleasthecompany

completestheacquisitionofgoldproducerRand

UraniumforUS$250million,withRandUranium

havingproduced163,000ouncesofgoldin2010.

RandUraniumwilladdsome3millionouncesofgold

mineral(ore)reservesaswellas13.5millionouncesof

goldmineralresources(seedetailedmineralresource

andmineral(ore)reservetable).Additionally,Rand

UraniumwillallowGoldOnetheuniqueopportunityto

considergoldanduraniumco-productoptimisation

whenundertakingproductionplanning,givenRand

Uranium’sextensiveuraniummineralresource

(approximately90millionpounds)andmineral(ore)

reserve(approximately41millionpounds).

GoldOneisalsoclosetocompletingthe

introductionofanew,longtermstrategicpartnerand

majorshareholder,whenaconsortiumcomprising

BaiyinNon-FerrousGroup,theChina-Africa

DevelopmentFundandLongMarchCapitalGroup

willinjectaminimumofA$150millionintoGoldOne,

withtheultimateaimofsecuringa60%to75%

shareholdinginthecompany.

9.25am–GoldOneInternationalLimited(ASX:GDO)

COMPETENT PERSONThe information in this release that relates to exploration results, mineral resources or ore reserves is based on information compiled by Dr Richard Stewart, who has a doctorate in geology and who is a professional natural scientist registered with the South African Council for Natural Scientific Professions (SACNASP), membership number 400051/04. Dr Stewart is also a member of the Geological Society of South Africa (GSSA) and Senior Vice President: Business Development for Gold One, with which he is a full‐time employee. He has 10 years’ 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 for the purposes of both the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) and the 2007 Edition of the South African Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves (SAMREC Code). Dr Stewart consents to the inclusion in this release of the matters based on information compiled by Gold One employees and it’s consultants in the form and context in which they appear. Further information on Gold One’s resource statement is available in the pre‐listing statement of Gold One International Limited issued on 19 December 2008 and in the resource statements released by Gold One on the ASX Announcements Platform and the Stock Exchange News Service (SENS) on 11 October 2010 (Megamine), 7 December 2010 (Ventersburg), and 15 December 2010 (Modder East).

SAMREC AND JORC TERMINOLOGY In addition, this release uses the terms ‘indicated resources’ and ‘inferred resources’ as defined in accordance with the SAMREC Code, prepared by the South African Mineral Resource Committee (SAMREC), under the auspices of the South African Institute of Mining and Metallurgy (SAIMM), effective March 2000 or as amended from time to time and where indicated in accordance with the Canadian National Instrument 43‐101 – Standards for Disclosure for Mineral Projects. The terms ‘indicated resources’ and ‘inferred resources’ are also defined in the 2004 Edition of the JORC Code, prepared by the Joint Ore Reserves Committee (JORC) of the Australasian Institute of Mining and Metallurgy (AusIMM), the Australian Institute of Geoscientists (AIG) and the Minerals Council of Australia (MCA). [The use of these terms in this release is consistent with the definitions of both the SAMREC Code and the JORC Code.] A mineral reserve (or ‘ore reserve’ in the JORC Code) is the economically mineable part of a measured or indicated resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate at the time of reporting that economic extraction can be justified. A mineral reserve includes diluting materials and allows for losses that may occur when the material is mined. A proven mineral reserve (or ‘proved ore reserve’ in the JORC Code) is the economically mineable part of a measured resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters to support production planning and evaluation of the economic viability of the deposit. A probable mineral reserve (or ‘probable ore reserve’ in the JORC Code) is the economically mineable part of an indicated mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. A mineral resource is a concentration or occurrence of natural, solid, inorganic or fossilised organic material in or on the earth’s crust in such form and quantity and of such a grade or quality that it has reasonable prospects for economic extraction. The location, quantity, grade, geological characteristics and continuity of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge. A measured mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drillholes that are spaced closely enough to confirm both geological and grade continuity. An indicated mineral resource is that part of a mineral resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic parameters to support mine planning and evaluation of the economic viability of the deposit. The estimate is based on detailed and reliable exploration and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drillholes that are spaced closely enough for geological and grade continuity to be reasonably assumed. An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited exploration and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drillholes. Mineral resources which are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that all or any part of the mineral deposits in the measured and indicated resource categories will ever be converted into reserves. In addition, “inferred resources” have a great amount of uncertainty as to their existence and economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will be ever be upgraded to a higher category. Under South African and Australian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre‐feasibility studies or economic studies except under conditions noted in the SAMREC Code and the JORC Code, respectively.Investors are cautioned not to assume that all or any part of an inferred resource exists or is economically or legally mineable. Exploration data is acquired by Gold One and its consultants under strict quality assurance and quality control protocols. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

2

Competent Person


1

Gold One International Consolidated Mineral Resource Statement Tonnes Grade Gold content

Measured (Mt) (g/t) (Moz)Modder East 1,2 0.29 16.25 0.15

Total Measured: 0.29 16.25 0.15

Indicated Modder East 1,2 45.83 2.02 2.98Megamine 3 21.55 4.36 3.02Ventersburg 4 20.42 3.70 2.45

Total Indicated: 87.80 2.99 8.45Total Measured and Indicated: 88.09 3.03 8.60

InferredModder East 2 20.73 1.81 1.21New Kleinfontein and Turnbridge 5 4.27 6.00 0.83Ventersburg 4 13.44 3.31 1.44Megamine 3 64.62 4.64 9.63

Total Inferred: 103.06 3.95 13.11Total Measured, Indicated and Inferred: 6 191.15 3.53 21.71

1 Mineral Resources are quoted inclusive of ore reserves

2 Signed-off by Minxcon, independent resource consultants to Gold One, audited by SRK3 Signed-off by Dr I.C. Lemmer and Minxcon, independent resource consultants to Gold One, audited by SRK 4 Signed-off by Dr I.C. Lemmer, independent resource consultant to Gold One, audited by SRK 5 Signed-off by Camden Geoserve, independent resource consultants to Gold One, audited by SRK6 Resources are reported in accordance with SAMREC guidelines (estimates would be identical if reported in accordance with JORC standards)

Gold One International Mineral (Ore) Reserve Statement1,2

Tonnes Grade Gold content(Mt) (g/t) (Moz)

Modder East Proved Reserves 0.24 10.90 0.08Probable Reserves 11.69 3.86 1.45Probable and Proved Reserves 11.93 4.00 1.53

1 Signed off by Turgis Consulting, independent resource consultants to Gold One, audited by SRK,

BPLZ was estimated at a cut-off of 149 cmg/t and UK9A estimated at a cut-off of 146 cmg/ton2 Reserves are reported in accordance with SAMREC guidelines (estimates would be identical if reported in accordance with JORC standards)

Gold One Resources

CerroResourcesNLisaduallistedglobalgold,silver

andmetalsexplorationanddevelopmentcompany.Its

sharestradeunderthesymbol“CJO”onboththeASX

andTSX.V.

CerroResourceshasaprimaryfocusonprecious

materialsinMexicoandanadvancinghaematiteiron

projectinQueensland,Australia.

Operations• Nearing“decisiontomine”onits66%owned

(Goldcorp34%)CerrodelGallogold/silverproject,

inthecentralstateofGuanajuato,Mexico.The

projecthasthesubstancetodeliverattractive

longtermcashflowstothecompany.Ithasan

anticipated14yearminelifewith1+MozAuand

10+MozAgrecovery

• Anaggressiveexplorationprogramunderwayat

theNamiquipaSilverPropertywhichincludesthe

LaVenturosaSilverMine.Thishasahistorical

productionof14+Mozofsilver,32,550tleadand

43,530tzinc

• AtMtIsa,Queensland,CerroResourceshas

completeddrillingforafirststageresource

estimate.Beneficiationtestworkdemonstrateshigh

(68%)irongradesareachievable

• Continuestoreviewandpursuepreciousmetals

explorationopportunitiesinMexico

Significant Contractual Arrangements• JointownershipoftheSanAntonprojectwith

Goldcorp(34%)

Future OutlookCerroResourceshasanexperiencedteam,witha

wealthofindustryexperienceandpriorsuccesses,

whointendtoaggressivelyadvanceitspipelinetothe:

• CerrodelGallogold/silveradvanceddevelopment

stageprojectincentralMexico;

• NamiquipasilverexplorationprojectinMexico;

• MtPhiliphaematileironprojectinQueenslandand

• OtherPreciousmetalsexplorationinMexico.

9.50am–CerroResourcesNL(ASX:CJO)

CERROresources

Resources / Reserves EstimatesCerro del Gallo project, Mexico

WithintheCerrodelGalloProjectisagolddomainwhichcontainsmaterialamenabletoheapleachandCIL

processingasfollows:

Total

Category K Tonnes g Au/t K Ozs Au g Ag/t K Ozs Ag

Proven 28,246 0.71 643 15.05 13,664

Probable 3,971 0.54 69 13.20 1,685

ProvenandProbable 32,217 0.69 712 14.82 15,349

Measured 39,888 0.66 850 14.32 18,358

Indicated 5,125 0.61 100 10.07 1,659

Measured&Indicated 45,013 0.66 951 13.83 20,017

Total Resource and Reserve 77,231 0.67 1,663 14.24 35,366

Proven&ProbablereservesandMeasuredandIndicatedresourcesarereportedusinggoldequivalentcutoff

gradesof0.21and0.29g/tforweatheredandpartiallyoxidizedmaterialrespectively.Thegoldequivalentcut-off

gradefortheMeasuredandIndicatedresourcesfreshrockmaterialis0.35g/t.

Reported-CerroResourcesannouncementdatedApril11,2011

Competent Person/Qualified PersonThe information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr John Skeet material), who is a Member of the Australasian Institute of Mining and Metallurgy and Mr Trevor Leahey , who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Skeet is the Chief Operations Officer of Cerro Resources NL and Mr Trevor Leahey is a consultant to Cerro Resources NL. They have sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are 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” and “qualified persons” as this term is defined in Canadian National Instrument 43-101 (“NI 43-101”). Mr Skeet and Mr Leahey consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

Forward-Looking InformationThis news release contains “forward-looking information” under Canadian securities law, including all statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company’s control, including risks related to mining exploration and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Metminco(MNC),incorporatedinAustralia,isanASX

andAIMlistedminingexplorationcompany.Ithas

abroadportfolioofexplorationprojectslocatedin

ChileandPeru,mainlyfocusedoncopper,butwith

significantexposuretogold,molybdenumandzinc.

Projectsrangefromearlystageexploration,through

advancedexploration,topre-feasibility.

OperationsMetminco’sofexplorationprojectsincludeLosCalatos

insouthernPeru,andMollacas,Vallecillo,Camaron,

LaPiedra,IsidroandLoicainChiletothenorthof

Santiago.

TheMollacascopperleachprojectispresently

beingadvancedtoaFeasibilityStudystage,whereas

theVallecillo(LaColoradoarea)andLosCalatos

projectsareatanadvancedexplorationstage,witha

ScopingStudybeingplannedfortheformerinmid-

2012,andapre-feasibilitystudyforthelatterinearly

2013.

LosCalatosrepresentstheCompany’spremier

projectbyvirtueofitscurrentlydefinedmineral

resource,andthepotentialthatexiststoincreasethe

resource,basedonrecentdrillingresults.

Recent developmentsDrillingresultsattheLosCalatosProject,asreported

totheASXandAIMon22August2011,continueto

supportthepotentialoftheproject,whichwillformthe

subjectofarevisedmineralresourceestimatetobe

finalisedin2012.

Afullyfundeddrillingprogramcomprising16,000

metresofReverseCirculationdrillingand12,000

metresofDiamondDrillingwasinitiatedinJune2011,

focusingontheCompany’sMollacas,Vallecillo,

CamaronandLaPiedraprojectsinChile,whichis

scheduledforcompletioninearly2012.

DuringSeptember2011,thedrillingprogram

atMollacaswascompleted,whichinvolvedfurther

resourcedefinitiondrilling,geotechnicaldrilling,

condemnationdrillinganddrillingforadditional

metallurgicaltestworksamples,allofwhicharein

supportofaFeasibilityStudy,whichistocommence

shortly.

Significant Contractual ArrangementsOn30June2011,MineraHamptonChileLimitada

(MineraHampton)enteredintoanoptionagreementto

purchasea100%interestintheLaPiedraProject(La

PiedraOption).

TomaintaintheLaPiedraOption,MineraHampton

isrequiredtomakethefollowingoptionpayments:

• US$350,000onsigningtheLaPiedraOption(paid)

• US$350,000onbefore30June2012

• US$350,000onbefore30June2013

• US$1,000,000onorbefore30June2014.

ToexercisetheLaPiedraOption,MineraHampton

mustpayUS$28millionincash,orUS$14millionin

cashandUS$14millioninMetmincoLimitedshares

(atMetmincoGroup´selection),onorbefore30June

2015.

Future OutlookMetmincohasembarkedonanaggressiveexploration

campaign,designedtobothupgradeconfidence

levelsinitsexistingmineralresourcebase,andto

assessthepotentialofcertainofitsotherkeyprojects

inaportfoliothathasthepotentialtofacilitatethe

growthoftheCompanytobecomeasubstantial

producerofcopperintheRegion.

10.15am–MetmincoLimited(ASX:MNC)


Table 1: Mollacas project - Mineral Resource as at November 2007Resource Tonnes Copper (%)

Indicated 7,213,000 0.56

Inferred 9,829,000 0.52 Note: Reported at a cut-off of 0.20% copper. Rounding may result in minor discrepancies.

Table 2: Los Calatos project - Mineral Resource as at August 2010Resource Tonnes Copper (%) Molybdenum (ppm)

Indicated 111,310,000 0.39 380

Inferred 815,398,000 0.37 260 Note: Reported at a cut-off of 0.20% copper. Rounding may result in minor discrepancies.

Table 3: Vallecillo project - Mineral Resource as at July 2009Resource Tonnes Gold (ppm) Silver (ppm) Zinc (%) Cu (%) Lead (%)

Indicated 7,889,700 1.14 11.39 1.32 0.05 0.29

Inferred 2,211,000 0.78 8.16 0.58 0.03 0.26 Note: Reported at a cut-off of 0.3g/t gold. Rounding may result in minor discrepancies.

Competent Persons StatementThe information included here is based on information compiled by Colin Sinclair, BSc, MSc, who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the Company as General Manager Exploration. Colin Sinclair has sufficient experience (over 30 years) which is relevant to the style of mineralisation, 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’. Mr Sinclair, as Competent Person for this announcement, has consented to the inclusion of this information in the form and context in which it appears herein.

Hawkleyisanoilandgasexplorationandproduction

companybasedinPerth,WA.Ithaslicencesand

productionofgasandcondensateinthepeople’s

republicofUkraine,withoperationalactivitiesrun

outofanofficeinKievbyawholly-ownedUkrainian

subsidiarynamedPrimeGasLLC.Hawkleywaslisted

ontheASXinJune2010.

OperationsHawkleyisproducing6.4MMscf/dayofgasand

210bbls/dayofcondensatefromitsSorochynska

licenceinthePoltavaregionofnortheastUkraine.The

rawgasstreamispipedtoagasprocessingplant

wherecondensateissoldon-siteandtheprocessed

gasisdeliveredtoameteringpointbeforebeingfed

intothenationalnetwork.

Recent developmentsInMay2011,Hawkleyspuditsfirstwellinthe

Chernetskalicence.Theprimaryobjectiveofthe

Chernetska-1wellistoappraiseanundevelopedoil

discoverymadebytheUkrainianstateinanearbywell.

Resources / Reserves EstimatesAdeterminationinMay2010estimatedatotalof

130bcfinthetwolicences,comprisedof13bcfof

2Pgasreserves,60bcfofcontingentresources,and

57bcfofprospectiveresources.ACPRupdateis

inprogresstoincludetheresultsofthesuccessful

Sorochynska-201well.

Significant Contractual Arrangements:Hawkleyhas100%ownershipoftwolicencesfor

explorationandpilotproduction.

Future OutlookThecompanyaimstogrowthebusinessinUkraine

andtoexpandtheportfoliointoneighbouringcountries

inCentralandEasternEurope.

11.00am–HawkleyOilandGasLimited(ASX:HOG)

Notes

PanoramicResourcesLimited(PAN)isawell

establishedPerth-basedminingcompanythat

operatestheSavannahandLanfranchiunderground

nickelminesinWesternAustralia.ItisanS&P/ASXTop

200Companywithnodebtandagrowingresource

base,employingmorethan500people.

TheCompany’svisionistobroadenitsproduction

andexplorationbasewiththeaimofbecominga

majoranddiversifiedmininghouserankedintheS&P/

ASXTop100.Itisalreadyengagedinexplorationin

Australia,Canada,theU.S.andScandinavia,primarily

focusingonnickel,copperandgold,andisactively

expandingitssearchfornewprojects.

Thisthrustisledbyanexperienced,costefficient,

exploration-to-productionteamthathasalready

enabledPANtodevelopasubstantialandprofitable

revenuestream,providingitwiththecapitalbaseto

achieveitsvisionviaacquisitionsorjointventures.

OperationsByitssuccessfuldevelopmentoftheSavannah

project,PANhasdemonstrateditsabilitytoidentify

viableprojectsandtakethemfromtheresource

definitionphasethroughfeasibilitystudiesto

constructionandproduction.Itsexpertisehasalso

enabledittosubstantiallyincreaseproductionand

long-termprospectsbothforSavannahandthe

Lanfranchioperation,whichitacquiredin2004.

PANisinastrongfinancialposition.Inthe2010/11

financialyear,theCompanyproduced17,027tonnes

ofnickelandisforecastingtoproduce17,500to

18,500tonnesforthe2011/12financialyear.At30

June2011,theCompanyhadcashandreceivablesof

$126Mandnobankdebt.

Recent developmentsTheCompany’sfirstmajormovetodiversifyitsmining

interestswasundertakeninFebruary2011,with

theacquisitionoftheGidgeeGoldProject,located

640kilometresnorth-eastofPerth,whichincludesa

600,000tpaprocessfacility,a150personcampanda

significanttenementpackagecontaining310,000ozof

goldinresourceandsubstantialexplorationupside.

Significant Contractual ArrangementsPanoramichasanOff-takeAgreementwithJinchuan

GroupLtdforalltheNiconcentrateproducedfromits

SavannahNickelMineforatenyearperiodto2020,

alsowithBHPBillitonforalltheNiconcentratefromits

LanfranchiNickelMineuntil2019.

Future OutlookPANisusingitsfinancialstrengthpartlytopursue

furtheracquisitionsand/orjointventurestoimplement

itsplantobecomeamajor,diversifiedmininghouse,

andwillalsocontinuetoinvestheavilyinexploration

andtechnicalprogressinrelationbothtoitsexisting

nickelsulphideoperationsandthenewly-acquired

GidgeeGoldProject.

11.25am–PanoramicResourcesLimited(ASX:PAN)

Notes

BathurstResourcesfocusesonqualitycoalproduction

inNewZealand.TheflagshipoftheCompanyisthe

SouthBullerMinewhichaimstocommenceproducing

highqualityexportHardCokingCoal(“HCC”)starting

intheDecemberquarter2011.Firstexportwillcome

fromtheCascadeblockwhichisalreadyinproduction,

soontobesupplementedwithcoalfromBrookdale,

adjacenttotheCascadeopencut.Brookdalewill

initiallybeundergroundstartingataproductionrateof

around150ktpain2012,increasingto350ktpaover

2years.

Coalproductionwillincreasesignificantlyonceall

approvalsareinplacefortheEscarpmentoperation

whichwillinitiallycommenceat650ktpabuildingto1

mtpa.Bathurst’stargetistoproduceover2mtpaof

HCCfromSouthBuller.TheBullerProjectisaseries

ofopencastandundergroundminesnearWestport

ontheSouthIslandandisadjacenttoexisting

infrastructureandportfacilitiescapableofsupporting

theproductionprofile.

Bathurstalsoproducessome160,000tpaof

thermalcoalforthedomesticmarketfromitsTakitimu

MineinSouthlands.

OperationsBathursthasextensiveexplorationleasesonthe

DennistonPlateauaboveWestport,NewZealand,

whicharethefocusofexplorationactivityforthenext3

years,targetingHCCandsemi-softcoalfortheexport

market.TheseleasesformthebasisoftheSouth

andNorthBullerMineswhichtogetherformtheBuller

Project.

Ontheplateau,Bathurstalreadyoperatesthesmall

CascadeMine,currentlyproducingsome50,000tpa

ofcoalforlocalcementproduction,whichisbeing

rampeduptoaround100,000tpatosupplyboth

Holcimandtocommenceexportshipments.

BathurstalsooperatestheTakitimuMineat

Nightcaps,NewZealand,producingsome160,000

tpalargelyforthelocaldairyindustry.

Recent developmentsTheenvironmentalhearingsfortheBullerProject

commencedinJune2011withenvironmentalapproval

(resourceconsents)grantedbythelocalcouncilsin

August2011;howeverthislicenceisnowthesubject

ofappeal.Oncetheappealsareresolvedandfinal

approvalsfromtheDepartmentofConservationare

received,miningcancommenceattheEscarpment

Project.Thecurrentappealsprocessdoesnotaffect

CascadeorBrookdaleproduction.

Significant Contractual ArrangementsTheBathurstBullerProject,theBrookdale

developmentprojectandtheoperatingTakitimuand

CascadeMines,arewhollyownedbyBTU.

Bathursthascontractsinplacefordomesticcoal

fromTakitimuandCascadewithFonterraandHolcim

respectively.Bathurstalsohasanofftakeagreement

withStemcorfor37.5%oftheBullerproductionforthe

first5yearsandwithCITICAustraliafor30%ofBuller

production,alsoforatermof5years.Thecompany

alsohascontractsinplacewiththeportofWestport

andwithSolidEnergyNewZealand,whichunderwrite

thelogisticsstrategyofthecompany.

Future OutlookBathursttargetstobeproducinghighqualityexport

HCCbytheDecemberquarterof2011from

CascadewhichwillbesupplementedbyBrookdalein

2012.Initialcashcostsareestimatedtobearound

US$105/tonneFOB.OnceEscarpmentcomesinto

productionthesecostswillfalltoaboutUS$95/tonne

FOB,droppingfurthertoUS$85pertonneFOBas

productionincreasesto2mtpa.

11.50am–BathurstResourcesLimited(ASX:BTU)


Competent Persons Statement: The information in this table that relates to exploration results and mineral resources for Deep Creek is based on information compiled by Neil Fraser who is a full time employee of Golder Associates Pty Ltd and is a member of the Australasian Institute of Mining and Metallurgy. Mr Fraser 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 Fraser consents to the inclusion in the ASX release of the matters based on his information in the form and context in which it appears above. The information in this table that relates to exploration results and mineral resources other than Deep Creek and Whareatea West is based on information compiled by Dr James Pope, of CRL Energy of Christchurch New Zealand who is a consultant to the company through CRL Energy and is a member of the Australasian Institute of Mining and Metallurgy. Dr Pope 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’. Dr Pope consents to the inclusion in the ASX release of the matters based on his information in the form and context in which it appears above. The information in this table that relates to Coal Resources for Whareatea West (EP 40591) is based on information complied by Mr Ian Poppitt of Lindsee Holdings Pty Ltd, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Poppitt has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the JORC Code. Mr Poppitt consents to the inclusion in this presentation of the matters based on the information in the form and context in which it appears.Statement of Exploration Potential: The estimate of exploration potential was calculated by Bathurst using the results from historical mining and exploration as well as recent drilling undertaken by L&M Coal. The potential quantity and quality is conceptual in nature & there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in determination of a mineral resource.The information that relates to Coal Resources for Whareatea West (EP 40591) is based on information complied by Mr Ian Poppitt of Lindsee Holdings Pty Ltd, who is a member of the Australasian Institute of Mining and Metallurgy. Mr Poppitt has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he has undertaken to qualify as a Competent Person as defined in the JORC Code. Mr Poppitt consents to the inclusion in this presentation of the matters based on the information in the form and context in which it appears.

STATUS PROSPECT RESOURCE(MT)

TOTAL (MT)

MEASURED ESCARPMENT 3.8 DEEP CREEK 6.2 WHAREATEA WEST(3) 18.0 28.0

INDICATED ESCARPMENT 1.6 NORTH BULLER 4.8 BLACKBURN 10.8 DEEP CREEK 3.1 MILLERTON NORTH 4.3 WHAREATEA WEST(3) 7.7 32.3

INFERRED ESCARPMENT 1.9 NORTH BULLER 9.0 DEEP CREEK 1.6 12.5

TOTAL JORC RESOURCE1 72.8 FURTHER POTENTIAL

TARGET MILLERTON 5 – 9

TARGET DENNISTON 16 – 35

TARGET BROOKDALE (DENNISTON) 15 – 25

TARGET WHAREATEA WEST 19 – 25 55 – 94

TOTAL RESOURCE TARGET2 ~125 – 167

GREngineeringServicesLimited(ASX:GNG)isaPerth

WesternAustraliabasedCompanywhichprovides

engineeringdesignandconstructionservicestothe

mineralprocessingindustry.WithofficesinPerth,

KalgoorlieandBrisbane,GREngineeringemploys

approximately190professionalandprofessional

supportpersonnelplusaconstructionworkforceof

100to300,dependingonconstructionactivityon

hand.

TheCompany’sseniormanagementhaveworked

togethersince1986whenJREngineeringServices

PtyLtdwasformed.In2001thatcompanywassoldto

alargeAustralianPublicCompany.

GREngineeringServicesLimitedwassubsequently

formedin2006andinApril2011itsshareswere

admittedforquotationontheOfficialListofthe

AustralianSecuritiesExchange.

TheCompanyhasdemonstratedconsistentgrowth

inrevenueandprofitabilitysinceinception.

TheCompanyhas150millionsharesonissueand

hasamarketcapitalisationintheorderof$AUD300

million.

OperationsTheCompanydesignsandconstructsmineral

processingandhandlingplants.Plantsareconstructed

withguaranteedoutcomesastoprice,performance

andtimeofconstruction.Thedesignandconstruction

phaseistypicallyundertakenaftertheCompanyhas

preparedafeasibilitystudyfortheclient.Thefeasibility

studyisthebasisonwhichtheclientsatisfiesitself

oftheeconomicsoftheprojectand,ifnecessarythe

basisuponwhichprojectfundingistobeobtained.

GREngineering’sbusinessmodelandoperations

areparticularlysuitedtosmallandmediumtier

producerswhorequirecertaintyastothecapital

costanddeliveryoftheirprojects.Aswellasbeing

engagedonmaidenprojectsforsmallandmedium

producers,theCompanyhassuccessfullyperformed

workformultinationalmininghouseswithexcellent

outcomesforallparties.

TheCompanyemploysapproximately190

professionalandprofessionalsupportstaff.The

Companyemploysanadditional100to300site

basedpersonnel,dependingonconstructionactivityat

thetime.

Sinceinception,GREngineeringServicesLimited

hasdelivered20constructioncontractsinvolvingthe

constructionofnewplants,upgrades,refurbishments,

plantrelocationsandplantexpansions.

TheCompanyiscurrentlyengagedonan

unprecedentednumberofover290studiesrelatingto

gold,arangeofbasemetalsandindustrialminerals.

Theprojectstowhichthesestudiesrelatearelocated

inAustralia,thePacificRim,AfricaandSouthAmerica.

ThemajorityoftheCompany’srevenueresultsfrom

theconversionoffeasibilitystudies,repeatbusiness

andnegotiatedwork.Workwonthroughtender

processesisminimal.

Recent developmentsOn23AugusttheCompanyannouncedrecordtrading

resultsfortheyearended30June2011.

TheCompanyiscurrentlyundertakingarecord

numberofstudiesongoldandbasemetalprojects

locatedinAustralia,Africa,thePacificRimandSouth

America.

Future OutlookAgainstabackdropofhistoricallyhighcommodity

prices,particularlygold,prospectsfortheCompany

arerobust.Withastrongerbalancesheetpostlisting,

theCompanyiswellpoisedtowinandexecutelarger

contracts,bothinAustraliaandoverseasfacilitatingits

strategyoforganicgrowth.

TheCompany’sgrowthwillalsobeassistedbyits

increasinginvolvementininternationalprojectsand

exposuretolarger($100millionplus)EPCcontracts.

12.15pm–GREngineeringServicesLimited(ASX:GNG)

Notes

Austalisaglobaldefenceprimecontractor.TheCompanydesigns,constructsandmaintainsrevolutionaryplatformssuchastheLittoralCombatShip(LCS)andtheJointHighSpeedVessel(JHSV)fortheUnitedStatesNavy,aswellasanextensiverangeofpatrolandauxiliaryvesselsfordefenceforcesandgovernmentagenciesglobally.Austalalsodesigns,installs,integratesandmaintainssophisticatedcommunications,radarandcommandandcontrolsystems.

Austalbenefitsfromitspositionasaworldleaderinthedesign,constructionandsupportofcustomised,highperformancealuminiumvesselsforthecommercialhighspeedferrymarket,anachievementgainedoveraperiodofnearly25years.

OperationsAustal’sprimaryfacilitiescompriseacombineddefenceandcommercialshipyardinHenderson,WesternAustraliaandadedicateddefenceshipyardinMobile,Alabama.TheCompanyalsoprovidesvesselsupportservicesfromitsfacilitiesinAustralia,theUnitedStates,Europe,theCaribbean,andtheMiddleEast.

Recent developmentsInDecember2010,Austalwasawardeda10-vesselLittoralCombatShip(LCS)blockbuycontractnominallyworthUS$3.78billion,bytheUSNavy.ThisaugmentstheexistingUS$1.6billioncontractfromtheUSNavyfor10JointHighSpeedVessels(JHSV).InAugust2011,AustalwasawardedasignificantcontractwiththeAustralianCustomsandBorderProtectionServiceforthedesign,constructionandthrough-lifesupportof8x58mpatrolboats–theCapeClassPatrolBoats.

AustalhasalsorecentlysecuredacontractwithNomadModularBuildingPtyLtdtoprovidelabourandfacilitiestobuildatotalof44modularaccommodationandstaffamenityunitsfortheresourcessector,inlinewiththeCompany’splanstodiversifyitsproductoffering.

InSeptember2011,AustallaunchedthefirstJHSV,whichwillbedeliveredtotheUSNavyinthenextfewmonths.This‘first-in-class’vesselisthefirstoftenvesselsthatAustalwilldelivertotheyear2016,andisthefirstvesselinapotentialfleetof53ships.

Intellectual property/products/product development programsAustalhasdevelopedextensivepatentprotectedIntellectualPropertyinnearly25yearsofoperation,withparticularfocusonhighspeedaluminiumvessels.Austal’sdedicatedResearchandDevelopmentDepartmentconsistentlyworktodevelopandenhanceAustal’sinnovativeproductrange,withaprimeexampleofthisbeingAustal’strimaranhullform–theresultofextensiveresearchanddevelopmentwhichhascombinedtoproducethreegenerationsoftrimaranvessels–thefirstbeingthecommercialferry“BenchijiguaExpress”,followedbythe“USSIndependence”–oneofaseriesofLittoralCombatShipsdevelopedfortheUSNavy,andmostrecently,the102mvehicle-passengerferryknownasAustal’sNextGenerationtrimaran.

Austal’scontinualpursuitanddevelopmentofrevolutionaryplatformshasenabledthecompanytomaintainitspositionastheworldleaderinthedesignandconstructionofhighperformancealuminiumvessels.

Future OutlookAustal’sUSoperationsmaintainasteadyorder,withtwomajormulti-vesselcontractswiththeUSDepartmentofDefenceunderwayfortheLCSandJHSVprograms.TheLCSprogramisexpectedtoprovideanaveragerevenuestreamofUS$600Mpafrom2013to2017,whiletheJHSVprogramisexpectedtoprovideanaveragerevenuestreamofUS$280Mpafrom2012to2016.

FollowingareviewofAustal’sHendersonoperations,Austalhassharpeneditsfocusonthemanufactureandsupportofdefencevessels,andwillleveragetheCompany’sexistingsystemsintegrationcapabilitiestopursuenewopportunitiesinthisfield.

Austal’s2011reviewalsoidentifiedthatdemandinspecificsegmentsoftheinternationalcommercialvesselmarketremainsstrongwithnewmarketsareemerging.Tobesuccessfulinthesemarkets,apartfromapplyingitsmarketleadingintellectualproperty,Austalwillregionaliseitsmanufacturingbasetoenhancecompetitiveness,andassuchtheCompanyiscurrentlyinvestigatinglocationsforanAsianmanufacturingbase.

1.30pm–AustalLimited(ASX:ASB)

Notes

Nowinits75thyearofoperationThornisoneof

Australia’sleadingprovidersofretailandfinancial

servicestonicheconsumerandcommercialmarkets.

ThebusinessisdriventhroughthebrandsofRadio

Rentals,Rentlo,Cashfirst,NationalCreditManagement

Limited,ThornEquipmentFinanceandThornFinancial

Services.Eachofthesebrandsfocusesonaparticular

marketsegmentanddeliversaspecialistapproachto

meetthespecificneedsoftheirmarket.

Theunderlyingstrengthofthecorerentalbusiness

andassociatedpositivecashflowshasenabledthe

Companytoachievesubstantialgrowthoverrecent

yearsandprovidesasoundplatformfordevelopmentof

strategicinitiatives.ThispositioningenablesThorntogrow

inbothpositiveandchallengingeconomicconditions.

Operations• Australia’slargestelectricalandhouseholdgoods

rentalcompanyoperatingasRadioRentalsinallstates

exceptSouthAustraliawhereittradesasRentlo

• Targetsthecash/creditconstrainedconsumer

market

• Some80%ofcustomersareonautomated

paymentsincluding40%onCommonwealth

benefitswhoseaccountsarepaiddirectlytoThorn

byCentrelink

• Rentalproductrangecomprisesthe‘essentials’e.g.

flatpanelTVs,computers,furnitureandwhitegoods

• Success&positioningofRent,Try,$1Buy™

offering

• Providesunsecuredpersonalloansupto$5,000

• Offersflexibletermsandfastapprovals

• Lowestablishmentfeeandnoongoingfeesand

charges

• Aspecialistproviderofequipmentleaseand

financesolutionsforbusinesses,particularlythe

small,mediumenterprises(SME)sector,and

government

• Aleadingnationalproviderofintegratedreceivables

managementservices

• Servicesover800activecustomersacrossboth

theprivateandpublicsectors

Recent developmentsOctober 2010–nationaladvertisinglaunchof

Cashfirstwhichgeneratedloanbookgrowthfrom$3m

tonow$15m.

July 2010–launchofThornbrandedflatpanelTVsas

initialpartofdirectimportprogramthathasenhanced

profitability.

december 2010–launchof‘onepersonbranch’

and‘kiosk’trialsforRadioRentals/Rentlowhich

enablesacosteffectivegeographicexpansioninto

underservicedmarkets.

March 2011–acquisitionofNationalCredit

ManagementLimitedfor$31.5mwhichprovidesthe

opportunityforThorntoexpanditsfinancialservices

platformandfurtherdevelopitsdebtormanagement

expertiseandknowledgebase.

April 2011–relaunchofThornEquipmentFinance

whichisnowgarneringasolidpositioninselected

commercialmarkets.

June 2011–$30mcapitalraisingwhichwasfully

subscribed.

August 2011–RadioRentals/Rentloreaches

100,000customersasaculminationoffiveyearsof

strongandcontinuousgrowth.

Intellectual property/products/product development programsThorn brand–IPrightsforAustralia,NewZealand

andanumberofPacificnations.

Provideswellrecognisedbrandforexpansionofdirect

importprogram.

Rent, Try, $1Buy™–theleadingandmost

recognisedpropositionintheindustry.

Future OutlookThornGroupexpectsasubstantialincreasein

earningsinFY2012duetoafullyearcontributionfrom

NCMLandsolidorganicearningsgrowthfromthe

existingbusiness.

1.55pm–ThornGroupLimited(ASX:TGA)

Notes

SlaterandGordonisthelargestconsumerlawfirmin

Australia,employingover1,000staffacross45offices

inAustralia.

Slater&Gordonhavebeenhelpingpeoplewith

theirlegalneedsforover75years.Inthistime,thefirm

hashandledsomeofthemostcomplexandwidely

publicisedcaseseverundertakeninAustralia.

Slater&Gordonbecamethefirstlistedlawfirmin

theworldin2007andsincethenhasexperienced

revenueandearningsgrowthinexcessof20%per

annumwithacurrentmarketcapitalisationofaround

$300mAUD.

OperationsPersonalinjurylitigationrepresentsaround75%of

totalSlater&Gordonrevenue,withthemajorityof

workbeingperformedonaNoWin–NoFeebasis

(legalfeesarepaidonthesuccessfulconclusionof

thematter).SGHalsohasspecialistteamsworkingin

asbestoslitigation,motorvehicleaccidents,workers

compensation,medicallaw,publicliability,Comcare

andmilitarycompensationandtotalandpermanent

disabilityinsuranceclaims.

Mostotherareasofthecompany’spractice

operateonafeeforservicebasis.Morerecently,

Slater&Gordonhasdiversifiedandbuiltitscapability

inothernon-personalinjurypractices,including

commercialandprojectlitigation,familylawandwills,

probate,conveyancingandestatelitigation.

Recent developmentsAcquisitionshavebeenkeytotheexpansionstrategy

ofbuildinganationalfootprintand20acquisitions

havebeenmadesince2006,especiallyintheareasof

personalinjurylitigation.

Slater&Gordonhasnowdiversifieditscapabilities

andisactivelypursuinggrowthinFamilyLawand

PropertyLaw.

Slater&Gordonalsocontinuestolookat

opportunitiesforgrowthoutsideofAustralia.

Intellectual property/products/product development programsInvestmentandconsistentdeliveryhaveresultedin

Slater&Gordonbuildingastrongbrandinthemarket.

Thebrandiscrucialindrivingenquiriesintothecontact

centreandthereforerevenueandearnings.The

strengthofthebrandalsoreducesrelianceon,any

keyindividualswithintheCompany.

Future OutlookManagementhaveprovidedguidanceofrevenue

>AUD$200MinFY12withanEBITmargintargetof

25%-26%andEPSgrowthtoflowfromacquisitions

madeinFY11.Managementwillfocusonnon-PI

businessesaspotentialacquisitionsandcontinueto

investigateoverseasmarketsparticularlytheUKduring

thefinancialyear.Managementhavealongerterm

FY15revenuetargetofAUD$300M+.

2.20pm–Slater&GordonLimited(ASX:SGH)

Notes

ToxFreeSolutionsLimited(Toxfree)isoneofthe

largestintegratedindustrialservicesandwaste

managementbusinessesinAustralia.

TheCompanyhasanationalnetworkoflicensed

wastetreatmentfacilitiesandtreatmenttechnologies

throughoutAustraliathatenabletheCompanytooffer

“OneStopShop”solutionstoitsclients.

Toxfree’sstrategyistwofold:

1. Tobetheleadingproviderofhazardouswaste

managementservicesnationally

2. Tobethemarketleaderintheprovisionofindustrial

servicesandtotalwastemanagementsolutionsto

theresourcesectornationally

TheCompanyoperatesfrom30locationsaround

Australiaandemploysover600peopleandhasthe

geographicalfootprint,wastetreatmenttechnologies,

licensesandexpertisenecessarytoachievethis

strategy.

OperationsToxfreehasstrategicassetswithinthemajorresource

hubsofAustraliathatprovidetheCompanywitha

competitiveadvantageinthemanagementofwaste

producedfromtheminingandoilandgassector.

TheCompanyalsohasnumeroustechnologiesfor

themanagementofindustrialandhazardouswaste

includingAustralia’sonlylicensedindustrialwaste

incinerator.Therearesignificantbarrierstoentryin

theestablishmentofthesefacilitiesandhencethese

assetsareveryhardforcompetitorstoreplicate.

Toxfreeisleveragedtotheresourcesectorwith

approximately60%ofitsrevenuegeneratedfromthis

sector,with50%oftotalrevenuecontractedunder

longtermcontracts.Theremaining40%ofToxfree’s

revenueisderivedfrommunicipal,constructionand

manufacturingindustry.

Recent developments• FY11NPATgrowthof63%pcp

• $130MofcontractsawardedtotheCompany

overthelast18months

• GeographicexpansionofservicestotheNorthern

TerritorythroughtheacquisitionofWasteSolutions

for$18M

• APLNGcontractawardedinSeptember2011with

BechtelforthenewOrigin/ConocoPhilipsLNG

facilityonCurtisIsland,Queensland

• Strongbalancesheet-11%netdebttoequityas

at30June2011

Resources / Reserves EstimatesContractswith:

• TollEnergytomanageallwasteproducedfrom

theChevronGorgonLNGprojectonBarrowIsland

WesternAustralia

• WoodsideEnergytomanageallwasteproduced

fromtheirNorthWestShelfoperations

• RioTintoIronOretomanageallhydrocarbonwaste

producedfromallironoreoperationsthoughtout

thePilbaraRegionofWesternAustralia

• ApacheEnergytomanageallwasteproducedfrom

WesternAustralianoilandgasoperations

• MinaraResourcesforindustrialcleaningatthe

MurrinMurrinrefineryinWesternAustralia

Future OutlookToxfree’stargetmarketistheresourcesectorand

industrialwasteproducersnationallyestimatedat

approximately$4billionandthecompanyisconfident

ofobtainingfurthermarketshare.

Theoverallwastemanagementmarketisgrowing

throughcapitalexpenditureintheresourcesector

aswellasthroughregulatorydriversincluding

increasinglandfilllevies,theproposedcarbontaxand

sustainability,allofwhichwilldivertfurtherwastefrom

landfillfortreatment.

Growthwillcontinuethroughthreemainareas:

acquisitionofcomplementarybusinesses,organic

growthandawardoffurtherlongtermcontractstothe

miningandoilandgassector.

TheCompanyhastheassets,technologies,

licensesandastrongbalancesheettosupportits

growthstrategy.

2.45pm–ToxFreeSolutionsLimited(ASX:TOX)

Notes

Bionomicsisaninternationalbiotechnologycompany

withoperationsinAustraliaandEuropefocusedonthe

discoveryanddevelopmentofinnovativetherapeutics

forcanceranddiseasesofthecentralnervoussystem.

Bionomicshassmallmoleculeproductdevelopment

programsincancer,anxiety,Alzheimer’sdiseaseand

multiplesclerosis.BNC105,whichisundergoing

clinicaldevelopmenttotreatcancer,potentlyand

selectivelyrestrictsbloodflowwithintumours.A

PhaseIIclinicaldevelopmenttotreatanxietydisorders

anddepressionbasedonBNC210whichexhibits

efficacywithoutsideeffects.Bothcompoundsoffer

blockbusterpotentialifsuccessfullydeveloped.

Bionomicshasalong-standingresearchcollaboration

andlicenseagreementwithglobalPharmacompany

MerckSeronoinitsMultipleSclerosisprogram.Under

thetermsofthisagreementBionomicscanearnup

toUS$47minmilestonepaymentsandaroyaltyon

productsalesforeachcompoundselectedinthis

multi-compounddeal.MerckSeronofundsallR&D.

Recent developments• SuccessfulPhaseIbclinicaltrialsdemonstrated

thatBNC210reducedthesymptomsofpanic

attackandhadnoside-effectscommonly

associatedwithmarketeddrugstotreatanxiety

• Datashowingmolecularlinkbetweenneurotrophic

effectsofBNC210anditsanti-anxietyproperties

presented

• BNC105renalcancertrialprogresses–

combinationwithtargetedtherapyAfinitorsafeand

welltoleratedwithpatientrecruitmentcontinuing

• BNC105PhaseI/IIovariancancertrialplanned

–combinationwithgemcitabineandcarboplatin,

thedrugsoftencombinedforastandardofcare

chemotherapyinanumberofcancerindications

includingovarian

• MerckSeronodealextended

• BionomicsannouncesPreliminaryFinalResults

for2010/2011–revenueincreaseof5.8%,

cashpositionofover$16matJune2011.Cash

positionboostedpost30Junetoover$20m

throughsaleandleasebackofAdelaidepremises

giving2.5yearscash

Intellectual property/products/product development programsBionomics’discoveryanddevelopmentactivitiesare

drivenbyitsthreetechnologyplatforms:Angene®,

adrugdiscoveryplatformwhichincorporatesa

varietyofgenomicstoolstoidentifyandvalidate

novelangiogenesistargets.MultiCore®isBionomics’

proprietary,diversityorientatedchemistryplatformfor

thediscoveryofsmallmoleculedrugs.ionX®isaset

ofnoveltechnologiesfortheidentificationofdrugs

targetingionchannelsfordiseasesofthecentral

nervoussystem.TheseplatformsunderpinBionomics’

establishedbusinessstrategy.Bionomicshasover

40patentsorpatentspendingfornoveldrugsin

developmentandtechnologyplatformsincluding

medicinalchemistry,diseasegenesassociatedwith

epilepsyandcancer,anddrugtargetsassociatedwith

angiogenesis.

Future OutlookThenext12monthswillseeanumberofimportant

neartermvaluationcatalystsforBionomics

shareholders,including:

• BNC105clinicaltrialprogram:CompletionofUS

renalcancertrialandinitiationofovariancancertrial

• BNC210program:Licensingagreementand

initiationofPhaseIIclinicaltrial

• Alzheimer’sdiseaseprogram:Drugcandidate

enteringINDenablingstudiesandclinical

development

3.30pm–BionomicsLimited(ASX:BNO)

Notes

REVAisdedicatedtodevelopingminimallyinvasive

medicaldevicesthatleveragetheCompany’s

proprietarybiomaterialandstenttechnologies

toimprovethetreatmentofdisease.Guided

byamanagementteamandscientificadvisors

withextensiveproductdevelopmentandclinical

interventionalcardiologyexperience,REVA’s

initialfocusisthedevelopmentandeventual

commercializationofaproprietarydrug-eluting

bioresorbablecoronarystenttotreatcoronaryartery

disease.

OperationsREVAisheadquarteredinSanDiego,California.

Recent developmentsREVAMedical,Inc.(“REVA”orthe“Company”)

completeditsinitialpublicofferingofCDIs(CHESS

DepositoryInterests)onDecember17,2010and

begantradingontheAustralianSecuritiesExchange

(“ASX”)onDecember23,2010,underthesymbol

“RVA.”

Intellectual property/products/product development programsREVA’sleadproduct,theReZolveTMstent,is

designedtoprovidethesamebenefitsastraditional

metalstents,includinginhibitingtherenarrowingofthe

previouslytreatedartery,withtheadditionalbenefitof

beingdissolvedbythebodyovertimeaftertreatment

oftheartery.TheReZolvestentisprotectedbymore

than250patents.

Future OutlookStentsareminimallyinvasive,implantablemedical

deviceswhichareusedbycardiologistsforthe

treatmentofcoronaryarterydisease.Stentshelp

stabilizediseasedarteriesbyproppingthemopenand

restoringbloodflow.In2010,theworldwidemarketfor

coronarystentswasinexcessof$5.0billion.REVA

believesbioresorbablestentswillbethenextmajor

advancementininterventionaltechnologyforthe

minimallyinvasivetreatmentofcoronaryarterydisease.

REVAintendstoinitiateapilothumanclinicaltrialofits

ReZolve™stentduring2011.

3.55pm–REVAMedicalInc.(ASX:RVA)

Notes

QRxPharmaisacommercialstagespecialty

pharmaceuticalcompanyfocusedonthedevelopment

andcommercialisationofnewtreatmentsforpain

managementandcentralnervoussystem(CNS)

disorders.QRxPharma’spatentedDualOpioid®

productpipelineMoxDuo®offersanewalternativeto

currentpainmedications,alargeandgrowingmarket

saddledbyoldertherapieswithdebilitatingsideeffects.

Worldwidesalesforallopioidsare$14billionand

growingat6%.TheCompanyintendstoco-promoteits

productsintheUSandseeksstrategicpartnershipsfor

worldwidemarkets.

OperationsThecorporateofficeislocatedinSydney,Australiaand

theCompanymaintainsapresenceintheUSwith

itscommercial,clinicalandregulatoryteambasedin

Bedminster,NewJersey.

Recent developmentsQRxPharma’sleadproductcandidate,MoxDuo

ImmediateRelease(IR),hassuccessfullycompleted

pivotalPhase3studiesandtheCompanyhasrecently

fileditsNewDrugApplication(NDA)withtheUSFood

andDrugAdministration(FDA),targetingcommercial

launchforthesecondhalfof2012.Todate,nearly

800patientshavebeentreatedwithMoxDuoIRin

clinicaltrials,andthesestudieshaveshownpatients

whoreceivedMoxDuoIRwere50-75%lesslikelyto

experiencetherangeofserioussideeffectsincluding

nausea,vomiting,dizziness,sleepiness,orconstipation.

Amorerecentstudyhasalsodemonstratedsignificantly

lessrespiratorydepressionasmeasuredbyoxygen

desaturationswithMoxDuoIRwhendirectlycompared

tomorphineoroxycodoneatequianalgesicdoses.

Intellectual property/products/product development programsQRxPharma’sDualOpioidplatformtechnology,a

patentedfixed-ratiocombinationofmorphineand

oxycodoneincludesthreecomplementaryproducts:

MoxDuoIR,animmediate-releaseoralcapsulefor

acutepain;MoxDuoIV,anintravenousformulationfor

moderatetoseverehospital-basedpain;andMoxDuo

CR,acontrolled-releaseoraltabletforchronicpain.

QRxPharma’sDualOpioidtechnologyisexpected

toprovidealongperiodofmarketingexclusivity.The

centraldualopioidcompositionofmatterpatenthas

issuedinnumerouscountriesandtheCompanyhas

alsodevelopedaninnovativeintellectualproperty

portfoliocoveringadditionalcompositionsofmatter,

mechanismsofactionandnewformulationswhich,

ifgranted,areexpectedtoprovidemarketexclusivity

through2029inNorthAmericaandallothermajor

markets.

Significant Contractual Arrangements: TheCompanyhasenteredintoastrategicalliancewith

AoxingPharmaceuticalCompany,Inc.(“Aoxing”)in

ChinatocollaborateinthedevelopmentofMoxDuoIV,

withAoxingholdingexclusivemarketingrightsinChina

andQRxPharmaretainingtherestoftheworld.Aoxing

hasalsolicensedtherightstotheChinamarketfor

MoxDuoIR.

TheCompanyalsohasastrategicalliancewith

LiaoningNuokangMedicinesCo.Ltd.(“Nuokang”)to

developandcommercialiseQRxPharma’svenomics

pre-clinicalassetsfortheChinesemarket.

Future OutlookTheNDAsubmissioninitiatestheregulatoryapproval

processforMoxDuoIR,andmovestheCompany

significantlyclosertoenteringinthesecondhalfof

2012,the$2.5billionmarketforprescriptionopioidsto

treatmoderatetosevereacutepain,asegmentofthe

$8billionspentannuallyonprescriptionopioidsinthe

US.

WiththeNDAnowlodgedforMoxDuoIR,the

CompanywillacceleratetheMoxDuoCRtablet

developmentthatencompassessustaineddelivery

technologyaswellasabusedeterrentandtamper

resistantfeatures.APhaseIpharmacokineticstudyhas

beencompletedandtwoadditionalPhase1studiesare

plannedforthecomingyear.

4.20pm–QRxPharmaLimited(ASX:QRX)

Notes

OperationsPhosphagenicsisaMelbourne-basedgloballydriven

biotechnologycompanyfocusedonthediscovery

ofnewandcosteffectivewaystoenhancethe

deliveryofprovenpharmaceutical,nutraceuticaland

cosmeceuticalproducts.Focusedonachieving

long-termpharmaceuticalcommercialisationgoals

andgeneratingpositivecashflowsfromthesaleof

cosmeticandpersonalcareproductsinmultiple

countries.Phosphagenicsisdevelopingarange

ofPharmaceutical(HumanandAnimalHealth),

Dermatological,CosmeticandPersonalCare

products.Phosphagenicsmainpipelinefocusisthe

developmentofourworld-firstTPM/oxycodonepain

patchfortreatingchronicpain.Thepainpatchisthe

firstofitskindthatoffersgradualandsteady-state

systemicdosingofOxycodonewitharapidwashout

profile.Theglobalpainmarketwasvaluedat$22bnin

2010,withaCAGRofnearly9%since2005.

Recent developments3M:UsingtheuniqueTPM®deliverytechnology

andinconjunctionwith3M’spatchproduction

expertise,thepatchhasbeenrecentlyimprovedby

5-foldovertheoriginaldesign.Thisadvancesthe

commercialisationpathwayfortheTPM/oxycodone

patch,asitallowsforasmallerpatch,whilestill

maintainingthesamedeliverycharacteristics.3M

arenowpreparingascale-upbatchoftheTPM/

oxycodonepatch,withpivotaltrialsontrackto

commenceforQ42011.

PersonalCare:Launchofthenovelanti-cellulite

technology,Elixia®BodyShaperCelluliteContour

Crème™,utilisingthecompany’sproprietaryplatform

TPM®technology,deliveringfat-reducingcompounds

intotheskin.Trialshaveshownareductioninthe

appearanceofcelluliteofupto40percentafter4

weeks.AgreementsignedwithA.S.Watsonsforthe

saleanddistributionofElixia®personalcareproducts

throughoutSouthEastAsiabeginningQ42011Metier

TribecaLLCinNewYorktoexpandthesalesand

marketingofthecosmeticsrangeofproductsusing

PhosphagenicsTPM®technology.Over20,000units

weresoldwithinthefirst12monthssincelaunch,

withonlytwoinitialproductsintheUSmarket.An

additionaleightproductswereaddedtotheexisting

rangeinApril2011,anindicationofthesalessuccess

oftheinitialrange.

Future OutlookOverthelong-term,Phosphagenicsaimstocontinue

developingitsinnovativeTPM®platformdelivery

technologythroughhighvaluepharmaceuticalprojects

andgeneratenear-termandongoingcashflows

throughcontinuedpartnerships;licensingagreements

andpartnerfundedproductdevelopment.

Creatingsignificantgrowthandexpansionofsales,

marketinganddistributionchannelsfortheElixia®

personalcarebrandworldwide,inabidtoincrease

brandimaging,awarenessandsales.Therationale

forgrowingthepersonalcaresectoristogeneratean

immediateandongoingpositivecashflowsituation,

inordertoaidfundingofhighvaluepharmaceutical

pipelinedevelopments.Newproductdevelopmentis

alsoplannedforthenear-term,extendingandbuilding

upontheinitialsalessuccessofthebrandandto

diversifyandextendtheexistingproductlines.

TPM/oxycodonepainpatchisontrackand

commercialisationpathwayhasprogressed

significantly,withexpectedpivotaltrialrecruitmentdue

tocommenceinlateQ42011.

Theinheritbenefitsandknowledgegainedfrom

ourcollaborationwith3Mcarriesadditionalunrealised

valueforPhosphagenics,astheadvancementsand

improvementsintransdermaldeliverygainedfromthe

TPM/oxycodoneprojectcanalsobeappliedtofuture

pipelineprojects.

4.45pm–PhosphagenicsLimited(ASX:POH)

Notes

AUSTALLIMITEDRichard SimonsChief Financial Officer

RichardSimonsistheChief

FinancialOfficerofAustalLimited,

aglobalprimedefencecontractor

andaworldleaderinthe

designandconstructionofhigh

speedaluminiumdefenceand

commercialvessels.

Richardhasinexcessof20yearsexperienceinfinancial

management,projectfinance,M&Aandcapitalmarkets,which

hasbeengainedinAustralia,Asia,theUnitedKingdomand

southernAfrica.

RichardjoinedAustalinFebruary2010withthebriefto

globalisethefinancefunctionandensurethatitispositioned

tosupporttheGroup’ssubstantialinternationalgrowth

opportunities.

PriortojoiningAustal,RichardwasGroupTreasuryManager

atCloughLimited,alongestablishedoilandgasengineerand

contractor,wherehehadresponsibilityforglobalM&Aactivity,

capitalmarkettransactions,treasuryandinvestorrelations.

Richardhaspreviouslyheldseniorpositionswithinternational

resourcesandengineeringgroupGRDLimited,andstrategy

andcorporatefinanceconsultingorganisationsArthur

AndersenandMainsheetCorporate.

RichardisalsotheTreasurerofCysticFibrosisWestern

Australia,arolewhichhehasperformedsince2009.

HeholdsaBachelorofCommercefromMurdochUniversity

andhasbeenanassociatedmemberoftheInstituteof

CharteredAccountantssince1992.

100ClarenceBeachRoad,Henderson

WesternAustralia,6166,Australia

t +61894101111

e [email protected]

w www.austal.com

BATHURSTRESOURCESLIMITEDHamish BohannanManaging director and Chief Executive Officer

HamishBohannanisaMining

Engineerwith35years’

experienceintheresources

industry,startingasaminerwith

GoldfieldsinSouthAfricabefore

completingadegreeattheRoyal

SchoolofMines.Hehasbeen

activelyinvolvedinmanyareasoftheindustryincluding

dredgingandopencutmining,processingandsmelting

havingworkedaroundtheglobeinvariousmetalsfrom

CopperandGoldtoNickelandMineralSands.Previously

CEOofBraemoreResources,Hamishhasalsoheld

executivepositionswithCyprusMinerals,WMCLtd,Iluka

andIAMGold.

GroundFloor,1306HayStreet,WestPerth


t +61894812100

e [email protected]

w www.bathurstresources.com

PresenterBiographies

BCIRONLIMITEDMichael youngManaging director

MrYoungisageologistanda

graduateofQueensUniversity,

CanadawithaBachelorof

Science(Honours)degreein

GeologicalSciences.

From1991,heworkedfor

DominionMiningLimitedandheadedtheteamwhopegged

theJust-in-Casegold,andAbednegonickelprospects.He

thenmovedontoworkwithGolderAssociatesfrom1994

to2003wherehecarriedoutresourcemodelling,due

diligence,QA/QC,andfeasibilityworkonawidevarietyof

depositsandcommodities.TheseincludedCenturyZincin

Queensland,EscondidaCopperinChile,andKoolyanobbing

ironmineatSouthernCross,WesternAustralia.

In2003,hejoinedCazalyResourcesasExploration

ManagerandhewasafoundingdirectorofBannerman

ResourcesLimited(February2005toApril2006).

InDecember2006,BCIronlistedontheASXwhenMr

Youngwastheonlyemployee.HehassincedevelopedBC

Ironfromanexplorerintoaproducerinjustoverfouryears.

In2011,hebecameanon-ExecutiveDirectorofWaratah

Gold,agoldandironoreexplorationcompanywithprojects

intheRepublicofCongoandAustralia.

MrYoungisamemberoftheAustralianInstituteof

Geoscientists,theAustralasianInstituteofMiningand

Metallurgy(CP),andtheSocietyforEconomicGeologists

andtheExecutiveCouncilforAMEC(AssociationofMining

andExplorationCompanies),theindustrybodyrepresenting

mineralexplorationandminingcompaniesbasedinAustralia.

Level1,15RheolaStreet,WestPerth


t +61863113400

e [email protected]

w www.bciron.com.au

BIONOMICSLIMITEDdr deborah RathjenCEO & Managing director

Aseasonedbiotechexecutive

withsignificantexperiencein

research,businessdevelopment,

andlicensing.DrDeborah

RathjenjoinedBionomicsin

June2000fromPeptechLimited

(subsequentlynamedArana),

whereshewasManagerofBusinessDevelopmentand

Licensing.DrRathjenwasaco-inventorofPeptech’s

TumourNecrosisFactor(TNF)technologyandleaderof

thecompany’ssuccessfuldefenceofitskeyTNFpatents

againstlegalchallenges.ThisprovidedPeptechwitha

strongcommercialbasisforsecuringlicenseagreements

withBASF,Centocorandothercompanieswithanti-TNF

productsandfordevelopingtheirownTNFproducts.

In2004/2005,DrRathjenidentified,negotiatedand

successfullycompletedtheacquisitionsofIliadChemicals

andNeruofit.Thesuccessfulintegrationofthese

businessesintoBionomicsresultedintwodrugcandidates

thatareinclinicaltrialsforthetreatmentofcancerand

anxiety.Additionally,acommercialisingdealofBionomics’

technologiesformultiplesclerosiswithMerckSerono.

DrRathjenisChairpersonoftheAusBiotechBoard.In

2004awardedtheAusBiotechPresident’sMedalforher

significantcontributiontotheAustralianbiotechnology

industry,in2006shereceivedaDistinguishedAlumni

AwardfromFlindersUniversity,in2009theBioSingapore

AsiaPacificWomanEntrepreneuroftheYear,andin2010

BioInnovationSAIndustryLeaderAward.

31DalgleishStreet,Thebarton,

SouthAustralia,5031,Australia

t +61883546101

e [email protected]

w www.bionomics.com.au


CERRORESOURCESNLGreg GermonGeneral Manager, Investor Relations

GregGermon’s15yearsin

capitalrelationshasspanned

theresourcesandfunds

management/financesectors.

Hehashadkeyin-houseand

advisoryroleswithPlacerDome

Inc,CommonwealthInvestment

ManagementandLendLeaseCorporation;beeninvolved

oninexcessof$2.25Bincapital/M&Atransactions;and

overseenon-marketmanagementfor20listedcompanies.

MrGermongraduatedwithaBachelorofCommerce

fromtheUniversityofNewcastleandaGraduateDiploma

inJournalismfromRMITUniversity.HeisalsoGeneral

Manager,InvestorRelationsforCockatooCoalLimited.

POBox2380,FortitudeValleyBC,Brisbane

Queensland,4006,Australia

t +61732520122

e [email protected]

w www.cerroresources.com

GOLDONEINTERNATIONALLIMITEDNeal Fronemanpresident and Chief Executive Officer

Nealisaregisteredprofessional

engineerwhoholdsaSouth

AfricanGovernmentMine

Manager’sCertificateof

Competency(Metalliferous),and

aSouthAfricanGovernment

MineEngineer’sCertificateof

Competency.Hehasover30years’experienceinthe

miningindustryingoldandplatinum.Hewasappointed

CEOofAfleaseGold&UraniumResourcesinApril

2003andwasprimarilyresponsibleforthecreationand

developmentofUraniumOneuntilhisresignationin

February2008.DuringthisperiodNealwasCEOofboth

AfleaseGoldandUraniumOne.PriortojoiningAflease

Gold,Nealwasvicepresidentandheadofoperationsat

GoldFields.Hehasalsoheldmanagementandexecutive

positionsatHarmonyGoldandJCI,amongothers.Neal

servesontheSHECommittee.

PostnetSuite115,PrivateBagX17,

WeltevredenPark,1715.SouthAfrica

t +27117261047

e [email protected]

w www.gold1.co.za


GRENGINEERINGLIMITEDJoe RicciardoManaging director

Biography:JoeRicciardois

amechanicalengineerand

foundingmemberofGR

EngineeringServicesLimited.

Hisbackgroundinproviding

engineeringdesignand

constructionservicestothe

mineralprocessingindustrydatesbackto1986whenhe

co-foundedJREngineeringServiceswhichhegrewinto

anorganisationofover300peoplebeforeitwassoldtoa

publicallylistedAustraliancompanyin2001.Joecontinued

toworkfortheorganisationuntilearly2006.

DuringhisbriefretirementJoeobservedthatmanyofJR

Engineering’sformercompetitorshadmovedtowards

servicinglargerclientsandinternationalprojectsleaving

behindavoidinprovidersoffixedpriceengineeringdesign

andconstructionservicestojuniorandmid-tiermineral

producers.

Heseizeduponthisopportunitybybringingtogethera

teamofhighlyexperiencedengineersandmanagers,many

beingformeremployeesofJREngineeringServicesandin

SeptembertheyfoundedGREngineeringServices.

SincethentheCompanyhasgrownconsistentlyintermsof

bothrevenueandprofitability.

POBox258,Belmont


t +61862726000

e [email protected]

w www.gres.com.au

HAWKLEYOILANDGASLIMITEDdr Michael EarleChief Executive Officer

Michaelstartedhiscareerinthe

oilandgasindustryin1980asa

petroleumgeologistwithBP,and

workedinSingapore,Australia

(onPNGprojects),Egyptandthe

UKbeforejoiningLASMOand

becomingExplorationManager,

Libya.HeleftLASMOtocompleteanMBAandgraduated

fromCranfieldUniversityin1997.

AfterassignmentsinPakistanforOMVandinIndonesiafor

HessCorporation,MichaeljoinedMNDinCzechRepublic

asGroupExplorationManagerresponsiblefornewventures

andforexistingprojectsinPakistan,Yemen,Germanyand

Romania.HeconsolidatedhisexperienceinCentraland

EasternEuropeatAurelianOil&GasasGroupExploration

ManagerintheirLondonheadoffice,whereheranoperated

projectsinRomania,Slovakia,BulgariaandPoland.

BeforejoiningHawkley,MichaelwasCEOforVegasOil&

Gasandrananorganisationwith100employeesinEgypt,

HoustonandtheAthensheadoffice.Hepresidedover

a25%increaseinliquidsproductionto15,000bopd,as

wellasthecommercialisationofagascondensatefield

producing105MMscd/day,andtheadditionof10million

barrelsofreservesthroughexplorationandappraisaldrilling.

MichaelisaMemberoftheInstituteofRiskManagement

andaFellowoftheRoyalGeographicalSociety.

45VentnorAvenue,WestPerth


t +61894298803

e [email protected]

w www.hawklelyoilandgas.com


METMINCOLIMITEDdr phillip Wingdirector

DrWingisafoundinginvestor

andfoundingChairmanof

MetmincoLtd.DrWinghas

continuedasadirectorof

MetmincoLtd.UpuntilJuly

2011,hehadanexecutiverole

responsibleforMarketingand

InvestorRelations.HeisalsoChairmanornon-executive

Directorofsixprivatecompaniesinindustriesrangingfrom

miningtomedicaldevices.

UptoJanuary2006,DrWinghadbeenapartnerof

TechnologyVenturePartners(TVP)forsevenyears.This

companyisaspecialistinstitutionalinformationtechnology

andtelecommunicationsventurecapitalfirm.

PriortojoiningTVP,DrWingwasaseniorexecutiveinIBM’s

GlobalandAsiaPacificmanagementteam.Hislastrolein

IBMwasasGeneralManager(GlobalServices)responsible

forstrategy,marketingandbusinessdevelopment,including

acquisitions,alliancesandbusinesspartners.Hisinitial

careerwasinstrategyconsultingandhehasbeena

ManagingPartnerofManagementConsultingpractices

atKPMGandErnst&Young.Hehasworkedandsaton

BoardsinAustralia,US,EuropeandAsia.

DrWinghasaBachelorandMastersofEconomicsand

hascompletedaPhDinOrganisationalChange.Heisa

memberoftheInstituteofCharteredAccountantsandalso

anadjunctlecturerwiththeCentreforAppliedFinanceat

MacquarieUniversity.

Level6,122WalkerStreet,NorthSydney

NewSouthWales,2060,Australia

t +61294601856

e [email protected]

w www.metminco.com.au

PANORAMICRESOURCESLIMITEDpeter HaroldManaging director

PeterholdsaBachelorofApplied

ScienceinChemistryfromthe

UniversityofMelbourne.Peter

spentthreeyearswithShell

Australiainvariouscommercial

rolesbeforejoiningAustralian

ConsolidatedMineralsin1989

asMarketingManagerfortheGoldenGroveProject,based

inPerth.PeterwentontoworkforNormandyasManager

MineralsMarketingandjoinedMPIMinesin1992as

CommercialExecutive.In1999PeterjoinedtheAWIgroup

ofCompaniesandheldrolesinmetalsmarketing,investor

relationsandcorporatedevelopment.

In2001,PeterestablishedwhatwasthenSallyMalay

Mining,whichhetookfrominitialProjectacquisitioninthe

Kimberleythroughtooperationalphase.Panoramicthen

purchasedandre-commissioneditssecondnickelmine

andinFebruary2011purchasedGidgeeGoldMinewhich

ithopestobringintoproductionwithinthreeyears.

Thebusinesshasgrownfroma$3MIPOintoasignificant

nickelproducerwithtwooperatingminesinWAproducing

over18,000tNiequivalent,whichmakesPanoramic

ResourcesoneofAustralia’slargestpurenickelproducers.

TheCompanynowhasover500full-timeworkers,is

forecasttogenerateapprox.$300Minrevenueandis

anASX/S&PTop200aswellasaTop50WAASXlisted

company.

POBoxZ5487Perth


t +61892250999

e [email protected]/[email protected]

w www.panoramicresources.com


PHOSPHAGENICSLIMITEDdr Esra OgruChief Executive Officer

DrOgruwasappointedJoint

CEOofPhosphagenicsinApril

2010.Herresponsibilities

includeinvolvementinsetting

strategicdirection,management

ofoperationsandfinancing

activitiesforthecompany.

Shealsoplaysanactiveroleindrivingkeycommercial

negotiations,developmentprogramsandcorporate

activity.Sheachievesthisthroughstrongleadershipof

anexperiencedpharmaceuticaldevelopmentteamand

strategiccollaborations.

DrOgruhasmanyyearsexperienceinthepharmaceutical

andbiotechnologyindustriesworkingindevelopment

andseniormanagementroles.Shehasovertenyears

ofexperienceinthemanagementandcoordinationof

pre-clinicalandclinicaldevelopmentofpharmaceutical

products.

SincetakingonthejointCEOrolein2010DrOgruhas:

• Completedover3internationaltransactionsintheareas

ofdermatologyandpharmaceuticalmedicine

• Launchedanewrangeofbio-ceuticalcosmeticbrand

–ELIXIA®–whichisavailableonline,TVshoppingand

Retail(Myer).

POBox1415,ClaytonSouthMDC

Victoria,3169,Australia

t +61395651119/+61395651142

e [email protected]

w www.phosphagenics.com

QRxPHARMALIMITEDJanette dixonVice president Global Business development

Formerlyamedicalscientist,

Janettehasextensivecommercial

experienceatexecutiveand

directorlevelinbothstart-upand

corporateorganizationsinthe

fieldsofpharmaceuticalsand

clinicaldiagnostics.Shehas

degreesinmedicaltechnology,marketing,finance,and

aDoctorateinBusinessandAdministrationwhereinher

researchfocusedonthestrategicmanagementofbiotech

commercialization.

PriortojoiningQRxPharma,Janetteheldtheroleof

ManagingDirectoratPacificPharmaceuticalsLtd(now

MylanNewZealandLtd)andledtherestructuringofNew

Zealand’slargestpharmaceuticalmanufacturingcompany,

outsourcingproductionof130pharmaceuticalproductsinto

sixcountries.

Janettehasspent12yearslivingandworkinginAsiaand

hasbroadbusinessdevelopmentexperienceinthelife

sciencessectoracrossAsiaPacificandmorerecently

acrosstheUSandEurope.Janettefoundedandisa

DirectorofSingaporebasedSynergyPharmaceuticals

PteLtd,aclinicalstagecompanydevelopingadrugfor

theeradicationofHelicobacterpylori.Shepreviously

foundedandsuccessfullysoldtwodiagnosticscompanies

basedinSingaporeandMalaysiaandhasnegotiatedand

implementedtwojointventuresonbehalfofQRxPharma

withChinesepharmaceuticalcompanies.

POBox1810,NorthSydney


t +61294928021

e [email protected]

w www.qrxpharma.com


REVAMEDICALINC.Robert StockmanChairman and CEO

RobertStockman,theCompany’s

co-founder,hasservedasits

ChairmanoftheBoardand

directorsince1999anditsChief

ExecutiveOfficersinceAugust

2010.Mr.Stockmanhasalso

servedasadirectorofHeartWare

LimitedandsubsequentlyHeartWareInternational,Inc.,a

USmedicaldevicecompanylistedonASXandNASDAQ

sinceDecember2006.Since1999,Mr.Stockmanhas

beenthePresidentandChiefExecutiveOfficerofGroup

OutcomeLLC,aUS-basedmerchantbankingfirmwhich

deploysitscapitalandthatofitsfinancialpartnersin

privateequityandventurecapitalinvestmentsinmedical

technologycompanies.Mr.Stockmanalsoco-founded

Centrimed,Inc.,aninternet-basedsoftwarecompanythat

wasacquiredbyGlobalHealthcareExchange,LLC.He

ledthebuyoutsofIoptex,anintraocularlensmanufacturer,

andtwoJohnson&Johnsondivestitures,“A”Company

Orthodontics,Inc.andCritikonCompany,LLC.Priorto

establishingGroupOutcomeLLC,Mr.Stockmanspent

18yearswithJohnstonAssociates,Inc.andNarragansett

CapitalCorporation,wherehefocusedonventurecapital

investmentsandmergeradvisoryworkinthehealthcare

sector.Mr.StockmanholdsaBachelorsDegreefrom

HarvardCollegeandaMasterofBusinessAdministration

fromTheAmosTuckSchoolofBusinessatDartmouth

College.

5751CopleyDrive

SanDiego,CA,92111,USA

t +18589663000

e [email protected]

w www.revamedical.com

SLATER&GORDONLIMITEDAndrew GrechManaging director

Andrewstartedwiththefirm

in1994,initiallyworkingasa

litigationlawyer,workingacross

thethenfledgingspecialised

personalinjuriesgroupsandthe

projectlitigationareawherehe

workedonseveralhighprofile

classactions.Throughhisexperienceasalitigatorinthe

classactionsareaAndrewhadtheopportunitytowork

inmanyjurisdictionsacrossAustraliaandonamixof

commercial,environmentalandpersonalinjuriescases.

ThatworktookhimtoSydneybetween1996and2000,

beforetakinguptheManagingDirector’sroleandmoving

backtoMelbournein2000.

AndrewoversawSlater&Gordon’shistoricpubliclistingon

theAustralianStockExchangein2007,pavingthewayfor

futuregrowthandexpansion.

Andrewhasoverseenstrategicacquisitions,mergersand

organicgrowththathasseenthecompanydoublethe

numberofitsofficesandstaffsincelisting.

Heisnowresponsiblefor45officesacrossAustraliaand

morethan1,000staff.

Andrewhasmorethantwentyyearsofexperienceasa

legalpractitionerandcontinuestobedrivenbyhisgoalof

deliveringaffordablelegalservicesandaccesstothelegal

systemtoeverydayAustralians.

485LaTrobeStreet,Melbourne


t +61896026839

e [email protected]

w www.slatergordon.com.au


THORNGROUPLIMITEDJohn HughesManaging director

JohnHughes’careerofover40

yearsspansavarietyofindustries

includingretail,agriculture,fast

food,electronicsandfinancial

services.

PriortojoiningtheThorn,John

wasManagingDirectorofASXlistedRuralcoHoldings

LimiteduntilitsmergerwithTasmanianbasedRoberts

Limitedin2006.Duringthistimehehasalsomadea

significantcontributiontothecropprotectionandanimal

healthindustrythroughhisrolesasadirectorofAgsafe

(Chairman),AVCARE(VicePresident)andGraintrust.

HewaspreviouslyManagingDirectorofThornEMIRentals

Australasiaandledthereshapingofthatcompanyinto

ahighlysuccessfulconsumerelectronicsandfinancial

servicesorganisation.PriortothathewasManaging

DirectorofDominosPizzaAustraliaandhasextensive

experienceasaseniorexecutiveinanumberofother

leadingAustralianandinternationalcompaniesincluding

SharpCorporation,CompetitiveFoodsandGraceBros.

MrHughesholdsaBachelorofCommercedegreefrom

theUniversityofNewSouthWales,isaFellowofthe

AustralianInstituteofCompanyDirectorsandisadirector

ofNFAustraliaLimitedincorporatingtheChildren’sTumour

FoundationAustraliainthenotforprofitsector.

POBox452,RegentsPark


t +61291015044

e [email protected]

w www.thorn.com.au

TOXFREESOLUTIONSLIMITEDSteve GostlowManaging director

Stevehasbeenemployedby

Toxfreesince2002andwas

appointedManagingDirectorin

2005.

Commencingin2005,Steve

refocusedToxfreeundernew

strategyaimedatpositioningToxfreeasAustralia’sleading

wastemanagementandindustrialservicesprovider.

Toxfree’sgrowthsincethistimehasbeenthrougha

combinationofstrategicacquisitionsacrossAustralia,

green-fielddevelopmentinnewgeographicregionsand

continuedorganicgrowthofitsexistingdivisions.

Beginningwithtwosites,20employeesandrevenueof

$6Min2005,todaytheToxfreeGroupoperatesfrom30

locationsacrossAustralia,employsover600peopleand

achievedrevenuesof$145Minfinancialyear2011.

Stevehasover15yearsexperienceintheAustralian

wastemanagementindustryandholdsaBachelorof

EnvironmentalScience.Hehasasolidbackground

inwastetreatment,wastetechnologiesandregulatory

compliance.

POBox1108,OsborneParkDC


t +61862167000

e [email protected]

w www.toxfree.com.au


TheAustralasianInvestorRelationsAssociation(AIRA)

wasestablishedin2001toadvancetheawareness

of,andbestpracticein,investorrelationsinAustralia

andNewZealandandtherebyimprovetherelationship

betweenlistedentitiesandtheinvestmentcommunity.The

Association’s150corporatemembersnowrepresentover

A$760billionofmarketcapitalisationorovertwothirdsof

thetotalmarketcapitalisationofcompanieslistedonASX.

AIRAprovideseducationandprofessionaldevelopment

oninvestorrelationsforlistedentitiesaswellasproviding

information,networking,advocacyandresearchforits

members.

Ian MathesonChiefExecutiveOfficer

AIRA

GPOBox1365,Sydney


t +61298729100

e [email protected]

wwww.aira.org.au

BBYiscommittedtobeingtheleadingAustralian-owned

securitiesfirmprovidingtheverybestcapitalmarketsand

investmentsolutionsforhighgrowthAustraliancompanies,

InstitutionalInvestorsandprivateclients.

BBYisaproudlyAustralianindependentfinancialservices

groupwithofficesinSydney,Melbourne,Adelaide,Perth,

theGoldCoastandtheUK,alongwithaglobalpresence

intheUSAandAsia.Itsclientsbenefitfromitsexpertisein

theAustralianmarketandthestrengthofitspartnerships

withleadingAsianinvestmentbankCIMBaswellasan

equitypartnershipwithJefferies&Co,IncintheU.S.

BBYholdsauniqueplaceintheAustraliansecurities

markets,becauseofitsbusinessmodel,sizeandlocal

management.Itsclientsknowtheycancountonthe

companytocontinuetoputthemattheheartofeverything

theydo.

Sinceitsinception,BBYhasalwaysbeencommitted

toidentifyingandsolvingtheinvestmentproblemsofits

clients.

Stewart palmerHeadofInternationalSales&Trading

t +61407996578

e [email protected]

wwww.bby.com.au

Anson TohAssociateDirector,CorporateFinance

t +61434581366

e [email protected]

wwww.bby.com.au

SupporterProfiles

bby.com.auBBY Research Special Conference Edition available to all delegates

Proud Sponsor of the ASX Small to Mid-Cap Conference

BBY is pleased to be a Co-Sponsor of the ASX Small to Mid-Cap Conferences being held in Singapore and Hong Kong. Our sponsorship is part of our ongoing commitment to the region and promoting the investment opportunities Australian companies present to Asian investors.

BBY has strong connections to the Asia-Pacific region via our international partner CIMB Investment Banking, part of the CIMB Group.

Special Conference Give-AwayBBY Research’s ‘Special Conference Edition’ is again available in 2011 with the edition summarising the latest BBY Research into those companies presenting.

The copies are available only from BBY at the event.

BBY Awarded “9th Overall” Best Investment Bank, 2011BBY has received the “9th Overall” Best Investment Bank in the 2011 survey from East Coles, the leading financial research firm in the equities, investment banking and corporate performance markets in Australia.

Our 9th position was made up of a 10th ranking in mergers and acquisitions, a 7th position in equity capital markets and from the 262 investment bankers included in the East Coles Survey, two of our team were in the top 20 bankers in Australia.

BBY is very proud of this achievement and it confirms to all of us at BBY that Australian companies and investors can be well served by a truly independent local firm with specialist skills, a commitment to the Australian market and employing some of the very best talent available.

Stewart Palmer Head of International Sales & Trading Email: [email protected] Phone: 0407 996 578

Anson Toh Associate Director, Corporate Finance Email: [email protected] Phone: 0434 581 366

Please make sure to come past and collect your copy.

AsoneofAustralia’slargestindependentstockbroking

firms,BellPotterprovidesafullrangeofservicesto

institutional,corporateandprivateclients.

Theorganisation’sobjectiveistoofferacompleterangeof

financialproductsandservicestomeetitsclients’needs,

including:stockbroking,research,financialplanning,

interestrateproductsandsuperannuation.

BellPotterispartoftheBellFinancialGroupofcompanies

(ASXcode:BFG).

Giuliano Sala TennaInstitutionalDealer

BellPotterSecuritiesLimited

Level37,ExchangePlaza

2TheEsplanade,Perth


t +61893267632

e [email protected]

w www.bellpotter.com.au

CreditSuisseisoneoftheworld’sleadingfinancial

servicesprovidersandispartoftheCreditSuissegroup

ofcompanies.Asanintegratedbank,CreditSuisseoffers

clientsitscombinedexpertiseintheareasofprivate

banking,investmentbankingandassetmanagement.

CreditSuisseprovidesadvisoryservices,comprehensive

solutionsandinnovativeproductstocompanies,

institutionalclientsandhigh-net-worthprivateclients

globally,aswellastoretailclientsinSwitzerland.Credit

SuisseisheadquarteredinZurichandoperatesinover50

countriesworldwide.Thegroupemploysapproximately

50,700people.FurtherinformationaboutCreditSuisse

canbefoundatcredit-suisse.com.

Andrew GilbertVicePresident

CreditSuisse

Level91,InternationalCommerceCentre

1AustinRoadWest,Kowloon

HongKong

t +85221016293

e [email protected]

w credit-suisse.com

SupporterProfiles

THREE IMPORTANT REASONS WHY BELL POTTER IS THE NAME YOU NEED FOR YOUR AUSTRALIAN STOCKBROKING NEEDS ...

We are one of Australia’s largest full service stockbrokers with a strong track record of offering high quality, professional advice to retail and institutional clients.

We have access to a wide range of institutional research covering stocks in Australia and New Zealand.

Bell Potter offers advice to the institutional market with a focus on precise execution, accurate settlement and truly personalised service.

123Giuliano Sala TennaCall + 61 8 9326 7632

Email [email protected] www.bellpotter.com.au

ABN 25 006 390 772 AFSL No. 243480

Establishedin2007,EvansandPartnersisan

independentAustralianownedinvestmenthouse

providingcomprehensiveadvisoryservicesforInstitutions,

CorporationsandPrivateClients.

TheCompany’sobjectiveistoprovidefirstclass

investmentadvicethroughhighconviction,non-

maintenanceresearch,whichgenuinelyattemptstoadd

valuetoitsinstitutionalclients.ThemandateofEvans

&Partners’researchteamistobeflexibleandseekout

thebestinvestmentopportunitiesacrossassetclasses.

Evans&Partnershassignificantexperienceacrossthe

manyfacetsoffinancialmarkets,directingitsexperience

andknowledgetobenefititsclientsinplainlanguage,and

withincosteffectivestructures.

WhatdifferentiatesEvansandPartnersfrommanyofits

competitorsisitsgenuinedesiretobethe“trustedadvisor”

andworkinpartnershipwithitsclients.TheCompany

believesthattheyarewellpositionedtoachievethisgoal

giventheir:

• INDEPENDENCE-Thefirmisproudlyindependentand

itsgoalistoalignitsinterestscloselywiththoseofits

clients.

• CLIENTONLYFOCUS-Thefirmdoesn’trunprincipal

positionsandistherefore100%focusedonthe

interestsofitsclientsaboveallelse.

InstitutionalclientsofEvansandPartnerscanexpecta

highlevelofservicealongsideaproductofferingtheycan

influence–notjustagenericofferingthattheyarerequired

toaccept.

Chris NicolayDirector

32JolimontTerrace,EastMelbourne


t +61396319817

e [email protected]

w www.evansandpartners.com.au

FortbridgeConsultingisamediaandinvestorrelationsfirm

representingpubliclylistedcompanies.Fortbridgeworks

withclientstobuildcorporatereputationandpromote

shareholdervalue.

Fortbridgeinvestorcommunicationsprogramstargeta

rangeofstakeholdersincludingshareholders,institutional

investorsandfundsandthefinancialmediainthemarkets

inwhichclientsoperate.

Withaccesstoup-to-dateresearchandinvestorcontact

informationforfinancialcentersaroundtheworld,

Fortbridgeisabletoresearchandmaintainmeaningful

sectorspecificinvestorlistsfortheirclients.Usingthis

information,Fortbridgetargetsrelevantinstitutional

investorsandfundstoengagetheirsupportfortheir

clients’IPOs,institutionalplacements,capitalraisings,

SPPsoronmarkettrades.

FortbridgeconsultantsinSydney,Beijing,London,Toronto

andSingaporehaveatrack-recordinworkingwith

clientstobuildshareholdervalueandtogrowbusiness,

tocommunicatethevalueofnewdevelopmentsandto

managesignificantissuesthatimpactreputation.

Bill KemmeryManagingDirector

FortbridgeConsulting

Level3,63WilliamSt,EastSydney


t +61293310655

e [email protected]

wwww.fortbridge.com

SupporterProfiles

C

M

Y

CM

MY

CY

CMY

K

ASX Advertisement_Plaque.pdf 27/9/11 8:04:48 AM

Research.Target.Engage.

media & investor communications

www.fortbridge.com

PatersonsSecuritiesisoneoftheleadingstockbroking

andfinancialservicesfirmsinAustralia.

Havingbuiltanationaladvisorynetworkcapableof

providingawiderangeoffinancesolutions,theAustralian

Stockbroker’strackrecordspeaksforitself.

Since2003,Patersonshasranked#1bynumberofequity

issuesinAustraliaraisinginexcessof$7billioninnew

capitalinover850newequityissues.

TheCompany’sCorporateFinanceTeamhasbeen

attheforefrontofinvestmentinsubstantialresources

developmentsinAustralia,AfricaandAsia.

Patersonscandeliverlargeamountsofcapital,particularly

intheresourcessector,andprovidesadvisoryservicesto

awideandvariedrangeofclients.

Supportedbyastronginstitutionaldealingarm,award

winningequitiesresearchteams,andanexpandingfunds

andassetmanagementdivision,Patersonsiscommitted

toprovidingqualityfinancialservicesandsolutionstoall

clients.

Andrew McMillanDirector,CorporateFinance

Level23ExchangePlaza,2TheEsplanade,Perth


t +61892631111

e [email protected]

w www.psl.com.au

SupporterProfiles

Patersons Securities is one of the leading stockbroking and financial services firms in Australia and is proud to support ASX Small to Mid Cap investor events. Having built an Australia wide advisory network capable of providing a wide range of finance solutions, the Australian Stockbrokers track record speaks for itself. Patersons has ranked #1 by number of equity issues in Australia every year since 2003* raising in excess of $7.2 billion of new capital in over 870 new issues.

Our corporate finance team has often been early supporters of what have become substantial resources companies not only in Australia but in Africa and Asia.

Patersons can deliver large amounts of capital, particularly in the resources sector and provides advisory services to a wide and varied range of clients. Supported by a strong institutional dealing arm, award-winning equities research teams, and an expanding funds and asset management division, Patersons is committed to providing quality financial services and solutions to our clients.

Patersons Securities Limited ABN 69 008 896 311 AFSL No. 239 052 Participant of ASX Group; Stockbrokers Association of Australia; Financial Planning Association Principal Member

*Source: Thomson Reuters

The smart money knows that some things are best kept to oneself. Perhaps that’s why you might not know about the broker that’s quietly become one of Australia’s leading financial service firms. Patersons Securities.

The Australian broker that’s been Australia’s most active in new capital raisings since 2007. The Australian broker that’s raised in excess of $6.6 billion in over 760 new issues over the past decade.

To participate in Patersons new deal flow you will have net assets of at least $2.5 Million or gross income of $250,000 or more per annum.

www.psl.com.au T H E AU ST R AL I A N STO C KB RO KE R

Never heard of the most active broker in Australia?The smart money likes it that way

For more information regarding Patersons Securities and our Corporate Finance and Institutional Dealing capabilities please call +61 8 9263 1111 or email [email protected].

TheASXGroup(ASX)wascreatedbythemergerof

theAustralianStockExchangeandtheSydneyFutures

ExchangeinJuly2006andistodayoneoftheworld’stop-10

listedexchangegroupsmeasuredbymarketcapitalization.

ASXisamulti-assetclass,verticallyintegratedexchange

group.Itsactivitiesspanprimaryandsecondarymarket

services,includingtheraising,allocationandhedgingof

capitalflows,tradingandpricediscovery(AustralianSecurities

Exchange);centralcounterpartyrisktransfer(viasubsidiaries

ofASXClearingCorporation);andsecuritiessettlementfor

boththeequitiesandfixedincomemarkets(viasubsidiaries

ofASXSettlementCorporation).

ASXfunctionsasamarketoperator,clearinghouseand

paymentssystemfacilitator.Itoverseescompliancewithits

operatingrules,promotesstandardsofcorporategovernance

amongAustralia’slistedcompaniesandhelpstoeducate

retailinvestors.

ThedomesticandinternationalcustomerbaseofASX

isdiverse.Itincludesissuers(suchascorporationsand

trusts)ofavarietyoflistedsecuritiesandfinancialproducts;

investmentandtradingbanks;fundmanagers;hedgefunds;

commoditytradingadvisers;brokersandproprietarytraders;

marketdatavendors;andretailinvestors.

WithamarketcapitalizationofoverA$1.3trilliontheAustralian

cashequitiesmarketisconsistentlyweightedinglobalindices

(MSCIandS&P/CitigroupGlobalEquitiesIndicesBMI)among

thetopeightequitymarketsintheworld.AmongAsia–Pacific

stockmarketsitissecondonlytoJapanintermsoffreefloat

marketcapitalization.

ASXoperatesinamarketthathasthefourthlargest

investmentfundassetspoolintheworldandthelargestin

Asia.Thisinvestmentpoolisunderpinnedbyacompulsory

superannuation(retirement)scheme,whichisprojectedto

growAustralianFundsunderManagement(FUM)tooverA$2

trillionby2015.

Withapproximately2,225listedissuerstheAustralianmarket

ishighlydiverse,offeringglobalinvestorsexposuretoawide

rangeofsectorsincludingFinancials,Industrials,Resources

(MiningandOilandGas),HealthcareandLifeSciences,and

InformationTechnology.

Themarketisaninternationallyrecognisedcentrefor

Resourcesequitycapital,andissuersincludeglobalgiants

suchasBHPBillitonandRioTinto,aswellasanexcellent

representationoffutureleadersinthemid-tierproducers

andjuniorminers.Themarketalsohasasignificantmining

servicessectorprovidingtechnology,servicesandsupplies

totheglobalminingindustry.

Australia’sstatusasamajorsupplierofcommodities,coupled

withitsuniquepositionintheAsia-Pacificregionandtime-

zone,providesinvestorsintheAustralianequitymarketwith

excellentexposuretothegrowthofemergingeconomiesin

theregion,exposurewhichisprovidedwithinastableand

reputablemarketenvironment.

TheAustralianequitymarkethasexperiencedoutstanding

growthinrecentyears,withannualturnoverincreasing

fourfoldandmarketcapitalizationdoublinginthelastten

years.Inthesameperiodaveragemarketliquidity,at100%in

2009,hasmorethandoubled.

ASXequitymarketreturnsinthelastdecadehavealso

beenimpressivewhencomparedwiththoseofothermarket

performances,asthegraphonthenextpagedemonstrates.

ASXisalsoamongleadingequitymarketsforinitialand

follow-oncapitalraising.TheWorldFederationofExchanges’

(WFE)datashowsthatASXwasrankedeighthintheworld

forsecondarycapitalraisedbylistedissuersin2010.

AboutASX

ASXmarketsaredrivenbyleadingedgeelectronictrading,settlement,andregistrysystems.Thiscontributestosuperiorliquidity

andsecondarymarkettransactioncoststhatareamongthelowestintheworld.

Further Information

Andrew MusgraveRegionalManager,Asia

t +61292270211

e [email protected]

Eddie GrieveManagerListings,BusinessDevelopment

t +61292270519

e [email protected]

The relative performance of the S&P/ASX 200 indexGlobal performance comparison

Inde

x Le

vel

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

0

50

100

150

200

250

Hang Seng Nasdaq NikkeiFTSE 100Dow JonesS&P/ASX 200

Source: IRESS

Thisisnotintendedtobefinancialproductadvice.Totheextentpermittedbylaw,ASXLimitedABN98008624691anditsrelatedbodiescorporateexcludesallliabilityforanylossordamagearisinginanywayincludingbywayofnegligence.ThisdocumentisnotasubstitutefortheOperatingRulesoftherelevantASXentityandinthecaseofanyinconsistency,theOperatingRulesprevail.

©Copyright2011ASXLimitedABN98008624691.Allrightsreserved2011.


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