TETRA RESOURCES LIMITED

Company Presentation

December 2012

Company Strategy• Acquire highly prospective tenements• Explore the tenements for Gold Copper Uranium Manganese and Base metals

• Convert exploration assets to resources and mineable reserves

Company AssetsTetra

Resources Ltd (100%)

Gold/Copper Projects (2)

153km2 (Granted)

UraniumProjects (2)

600km2 (1 Granted)

Manganese Project (1)

145km2 (Granted)

Midgengadge Manganese Project

• Approx. 350km southeast of Port Hedland

• Within highly prospective Mn District

• Approx. 30km northwest of Woodie Woodie Mn Mine

• Immediately SE of the Jupiter Mn Tenements

• 48 Graticular Blocks (approx. 145km2)

Tetra Resources

Highly Prospective Mn District• Woodie Woodie (Consolidated Mining

– Operating with resource 20Mt @ 40%Mn

• Nicholas Downs (Hancock Prospecting / Mineral Resources) – Operating @ 700kt @ 38%Mn pa. Resource over 20M tonnes

• Spitfire Resources – Resource 11.3Mt @ 15%Mn currently undertaking BFS

• Ant Hill & Sunday Hill (Mineral Resources/Mesa Mining) – 2006 Sunday Hill resource 4.7Mt @ 18.4%Mn

• Jupiter Mines – 1st pass drilling identified 19 significant intercepts over 15%Mn. Raised $150M to progress Mn (SA) and Fe (AUS) Projects

• Shaw River Resources – 10,000m drilling completed in 2011

• Brumby Resources – Drilling identified resource 64Mt @ 10%Mn

Tetra

Geoscience Australia – Australian Manganese Resources Map

Mineral District Geology

Tetra Resources Ltd

Woodie Woodie Mn Project (over 50 deposits)• Mn occurs on Carrawine Dolomite as cavity fill and sheets and

lenses in Pinjian Chert overlying the dolomite (supergene process)• Larger deposits occurs as pipe-like body down to about 30m• Higher grade occurs when the dolomite is uncomformably

overlain by the manganiferous shales of Bangemail Group

Midgengadge Mn Project

Manganese Outcrop38.65% Mn

Manganese Hills

Midgengadge Project• Mn occurrence on the tenement – rock chip up to 56.9%Mn (average 30% Mn)• Similar geophysical and geological attributes to the Woodie Woodie Mn Mine• Possible extensions below clay cover

Rock Chip Samples

MidgengadgeProject

Approx. 700m

Mn Al Fe Mg P SUnits % % % % ppm %

NFTM001 19.3 0.99 30.43 0.09 2421 0.078NFTM002 37.34 1.15 7.47 0.12 740 0.025NFTM003 38.65 1.24 6.74 0.12 495 0.007NFTM004 19.27 2.05 4.08 0.1 421 <0.002NFTM005 7.6 3.94 7 0.13 468 <0.002NFTM006 8.61 1.45 27.25 0.08 1220 0.011NFTM007 19.54 1.88 12.91 0.08 661 0.006NFTM008 27.47 1.06 15.64 0.1 340 0.036NFTM009 17.21 1.05 18.72 0.05 1150 0.017NFTM010 45.67 1.21 8.86 0.04 365 <0.002NFTM011 40.28 1.53 10.44 0.11 262 0.003NFTM012 7.89 1.57 32.55 0.04 325 0.034NFTM013 25.18 0.75 14.96 0.03 432 <0.002NFTM014 29.27 0.56 2.98 0.04 493 0.043NFTM015 39.05 2.2 2.62 0.04 221 0.021NFTM016 16.95 1.25 21.63 0.04 297 0.023NFTM017 40.83 0.79 1.8 0.02 431 0.034NFTM018 36.46 0.74 9.67 0.03 843 0.01NFTM019 56.94 0.69 1.17 0.01 342 0.035NFTM020 49.78 0.41 1.55 0.01 138 0.023

• Samples – Low P, Al, Mg, S• Potential for DSO – Direct Shipping Ore

Midgengadge Project• Gold/Copper Potential• ‘Bulls-eye’ magnetic target along NW

structural feature• Highly anomalous rock chip samples within

surrounding areas

Magnetic rim representing Cookes

Creek Granite

175g/t Au

6.9% Cu2.0% Pb0.36% Zn

Midgengadge Mn Project Exploration Short Term Strategy (6 months)• Complete ground gravity survey with Atlas Geophysics• Define more prospective areas for ground EM survey• Conduct soil sampling over magnetic anomaly• RC/Diamond drill most prospective targets with Mt Magnet Drilling

Gravity Survey Results to Date• Data filtering shows rock chip sampling overlying anomalous linear

targets• Highly prospective linear target with bulls-eye immediately east of rock

chip samples below the clay cover

Midgengadge Mn Project Long Term (6-18 months)

Exploration Strategy• Complete broad spaced drilling

with Mt Magnet Drilling• Investigate possible JV with

immediate tenement holders• Investigate possible sale of the

Mn Tenement only• Investigate the possibility of

listing Tetra in ASX based on drilling results

Balara and Willy Willy Gold/Copper Projects• Approximately 530km east of Broome• Balara – 45 Graticular Blocks (approx. 130km2)• Willy Willy – 8 Graticular Blocks (approx. 23km2)

Mineral DistrictAnglo Australian Resources• Market Cap - AU$1M (500M shares @ 0.02c)• San Diego Deposit (Open Pit/Underground)• 2Mt Mill Feed – 33kt Cu, 43kt Zn, 7koz Au

295koz Ag• Based on (31/03/11) Metal Prices

• Operating Surplus – AU$60M• NPV – AU$36M (DIR – 8%)• Net Revenue – AU$413M• IRR – 31%

Bulletin Resources• Market Cap– AU$12.1M (67.4M shares @ 0.18c)• Nicholson’s Find Gold Project• Resource 1Mt @ 5.2g/t (170koz)• Acquired Project for less than AU$1M• Capital Raised AU$8m (20c per share)• Commenced 11,500m RC drilling

Balara Gold Copper Project• Tenement granted• Heritage Agreement in place• Within known mineralised structures• Contains known copper occurrence –

coincident magnetic anomaly• 5 main exploration targets• At least 20km untested strike length

of known mineralised fault structures

Balara Project

Willy Willy Project

Willy Willy Gold/Copper Project• Tenement granted• Heritage Agreement in place• Within known mineralised structures• Contains known copper occurrence • Rock chip sample CRWR – 6.45%Cu, 15g/t Ag• Documented 52oz nugget found in area• Targets - coincident magnetic highs along fault

structures

Balara & Willy Willy Au/Cu Project Exploration Strategy

• Conduct soil/rock sampling survey• Conduct ground magnetic survey• Contact immediate tenement holders for

possible JV/Acquisition

Lady Forrest and King Leopold Uranium Projects

• Approx 165km east of Derby• Lady Forrest (Application)

129 Graticular Blocks (390km2)• King Leopold (Granted)

69 Graticular Blocks (210km2)

Company Assets – Lady Forrest and King Leopold

• Identified U/Th radiometric high along prospective sedimentary units of the Tunganary Formation (purple)

Lady Forrest

King Leopold

Mineral District – Lady Forrest & King Leopold Projects

Rio Tinto – Pegged same Tunganary Formation (purple) up to 140km along strikeUrangesellschaft Australia (light blue, 1978) – Previous work identified up to 130ppm U unit within same lithological unit

Lady Forrest

King Leopold

Financial Evaluation

Capital Raising

Evaluation of Assets:Potential Resource

1. Midgengadge Project 17Mt @ 41.5% Mn

2. Balara and Willy Willy Projects 250kozAu

3. Lady Forrest and King Leopold Projects 150Mt @ 300ppmU

Company Profile• Unlisted Junior Exploration Company• 36.3 Million Ordinary Shares• Currently hold 5 tenements in WA

4 Granted (Mn, Au-Cu, U) 1 Under Applications (U)

Company Directors• Mr Leo Pilapil BSc DFP

Over 24 years exploration and mining experience Ex WMC employee Discovered Harlequin Deposit in Norseman WA Worked in Western Australia and Africa

• Mr Brett Lantzke BSc (Geophysics) Over 15 years in exploration as geophysicist Ex Fugro employee Worked in Western Australia and Brazil

• Mr Simeon Papazis Over 20 years in finance and share evaluations Melbourne based

Company Associates• Mr Stewart Findlay

20 years senior operational management and engineering design experience with Normandy, Rio Tinto, WMC and GRES

Worked in Australia, Malaysia and Indonesia Worked in numerous Project Developments

• Mr Frank Catalfamo (Odyssey Equity Finance Pty Ltd)

Involved in a number of IPO Listings in ASX Corporate Advisor in capital raising

• Ms Kelli Hill (KHC Consulting) Heritage and Native Title Consultants Expertise in liaising and negotiating NTAs