Tanami Gold Nl · ASX:TAM

Tanami Gold Nl — Investor Presentation (November 2010)

39 slides from Tanami Gold Nl's investor presentation, Nov 4, 2010

1. Slide 1: Production, Performance, Potential

   For personal use only ASX:TAM Production, Performance, Potential… November 2010 Building a 200,000oz per annum Australian gold producer

2. Slide 2: Corporate

   For personal use only Corporate Item Value Share Price A$0.87 cents1 Shares Outstanding 260.9 million Market Capitalisation A$227 million [US$223 million] Cash and cash equivalents A$8.3 million2 Debt Nil Enterprise Value A$219million1 [US$214 million] •Note 1 - Share price at 22 Oct 2010 •Note 2 -

3. Slide 3: Tanami Gold NL - Key Assets

   For personal use only Tanami Gold NL - Key Assets The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 3

4. Slide 4: Tanami Gold NL - Key Assets

   Tanami Gold NL - Key Assets ƒ Western Tanami Operations (100% owned) For personal use only ƒ Central Tanami Project (100% owned) ƒ Strategic Shareholding in ABM Resources NL (21% and 25% fully diluted) The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration pote

5. Slide 5: Western Tanami Operations

   Western Tanami Operations Western Tanami Resources1 For personal use only ƒ Coyote 880,000t @ 11.0g/t for 312,000ozs ƒ Bald Hill 2,062,000t @ 3.4g/t for 228,000ozs ƒ Other 176,000t @ 2.4g/t for 13,700ozs ƒ Total Resource at Western Tanami1 3,119,000t @ 5.5g/t for 554,700ozs ƒ 65% in Measured and Ind

6. Slide 6: Western Tanami – Coyote Operations

   For personal use only Western Tanami – Coyote Operations Direction of Plunge The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 6

7. Slide 7: Western Tanami - Bald Hill Operations

   For personal use only Western Tanami - Bald Hill Operations ƒ 35km north of Western Tanami treatment plant ƒ Two open pits – Sandpiper and Kookaburra ƒ Mining to recommence shortly ƒ Important - Host rocks equivalent to Dead Bullock Formation ƒ Recent exploration success highlights underground poten

8. Slide 8: Bald Hill - Sandpiper Open Pit

   Bald Hill - Sandpiper Open Pit ƒ Recent drilling strengthens For personal use only Resource potential below open pit:1 15.1m @ 6.1g/t Au incl 8.8m @ 9.5g/t 5.0m @ 7.3g/t Au 11.0m @ 4.9g/t Au incl 0.8m @ 34.2g/t 4.7m @ 4.8g/t Au 2.6m @ 30.1g/t Au incl 0.6m @ 118.1g/t 6.3m @ 6.2g/t Au Open down plunge

9. Slide 9: Western Tanami Operations

   Western Tanami Operations Qtr Tonnes Grade g/t Ounces Recovery Cash Cost For personal use only Treated (average) (average) AU$ per oz Sep-09 72,138 5.7 12,821 97.3 $660 Dec-09 49,465 7.6 11,783 96.9 $746 Mar-10 50,583 6.7 10,456 96.1 $672 June-10 55,424 7.5 12,900 96.7 $655 TOTAL 227,610 6.8 47,960

10. Slide 10: Central Tanami Project

    For personal use only Central Tanami Project The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 10

11. Slide 11: Central Tanami Project

    For personal use only Central Tanami Project ƒ Acquired from Newmont for $22M ƒ Purchase price $21/oz no value assigned to treatment plant / infrastructure / exploration ƒ Acquisition includes: ƒ 1.1M ozs JORC Resource (2010)1 ƒ 1.2Mtpa treatment plant and extensive infrastructure ƒ ~ 2,000 km2 expl

12. Slide 12: Central Tanami Tenement Plan

    For personal use only Central Tanami Tenement Plan The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 12

13. Slide 13: Central Tanami Schematic Long Section

    For personal use only Central Tanami Schematic Long Section The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 13

14. Slide 14: Tenement MLS153

    Tenement MLS153 ƒ Historic mining - 15 open pits For personal use only ƒ 1.2 Mtpa treatment plant ƒ 120 person accommodation village ƒ Office, workshop and airstrip ƒ Open pit and underground potential ƒ No mining since 1994 Approximately 15 kilometres of mineralised structures The Tanami Trio – Imm

15. Slide 15: Tenement MLS167

    For personal use only Tenement MLS167 ƒ Historic mining - 14 open pits ƒ Open pit and underground potential ƒ Current focus – Reserve and Resource definition drilling ƒ No mining since 2001 Approximately 20 kilometres of mineralised structures The Tanami Trio – Immediate cash flow, substantial produ

16. Slide 16: Hurricane-Repulse Open Pit

    For personal use only Hurricane-Repulse Open Pit The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 16

17. Slide 17: Schematic Long Section – Hurricane Repulse Open Pit

    Schematic Long Section – Hurricane Repulse Open Pit For personal use only The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 17

18. Slide 18: Carbine Open Pit

    For personal use only Carbine Open Pit The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 18

19. Slide 19: Carbine Deposit

    For personal use only Carbine Deposit The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 19

20. Slide 20: Exploration

    For personal use only Tanami Gold NL EXPLORATION “The exploration potential of the Tanami region” Production – Performance – Potential – Profit The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential 20

21. Slide 21: Central Tanami Exploration Potential

    For personal use only Central Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

22. Slide 22: Central Tanami Exploration Potential

    For personal use only Central Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

23. Slide 23: Central Tanami Exploration Potential

    For personal use only Central Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

24. Slide 24: Central Tanami Exploration Potential

    For personal use only Central Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

25. Slide 25: Central Tanami Exploration Potential

    For personal use only Central Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

26. Slide 26: Western Tanami Exploration Potential

    For personal use only Western Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

27. Slide 27: Western Tanami Exploration Potential

    For personal use only Western Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

28. Slide 28: Western Tanami Exploration Potential

    For personal use only Western Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

29. Slide 29: Western Tanami Exploration Potential

    For personal use only Western Tanami Exploration Potential The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

30. Slide 30: Tanami Gold NL – Resources as at June 2010

    Tanami Gold NL – Resources as at June 2010 Total Western and Central Tanami Mineral Resources For personal use only Measured Indicated Inferred Total Deposit Grade Grade Grade Ounces Tonnes Grade (g/t) Tonnes Tonnes Tonnes (g/t) (g/t) (g/t) MLS153 578,000 2.3 744,000 2.2 441,000 3.9 1,763,000 2.7 15

31. Slide 31: Project Risk

    Project Risk... Risk Rating For personal use only Resource1 – JORC Code and mostly Low risk Measured and Indicated Mining – current and previous mining Low risk history [geotechnically sound] Metallurgy – current and previous mining Low risk history Engineering – refurbishment of existing Low risk t

32. Slide 32: Summary

    Summary ƒ Unhedged and no debt For personal use only ƒ Current production 50,000ozpa growing to 150-200,000ozpa ƒ Total Resource 1.6Moz1 - will grow very quickly and cheaply ƒ Over 5,000 km2 of highly prospective exploration tenements ƒ Tenement package has potential to host very large ore bodies of

33. Slide 33: Any Questions?

    For personal use only ASX:TAM ANY QUESTIONS? Production, Performance, Potential… November 2010 Building a 200,000oz per annum Australian gold producer The Tanami Trio – Immediate cash flow, substantial production growth, outstanding exploration potential

34. Slide 34: Disclaimer & Competent Person's Statement

    Disclaimer & Competent Person’s Statement Disclaimer & Forward-Looking Statements For personal use only ƒ Certain statements contained in this presentation, including information as to the future financial or operating performance of Tanami Gold NL and its projects, are forward-looking statements. S

35. Slide 35: Central Tanami Resources as at May 2010

    For personal use only Central Tanami Resources as at May 2010 Measured Indicated Inferred Total Deposit Grade Grade Ounces Tonnes Grade (g/t) Tonnes Tonnes Grade (g/t) Tonnes (g/t) (g/t) MLS153 578,000 2.3 744,000 2.2 441,000 3.9 1,763,000 2.7 151,000 MLS167 2,369,000 3.2 2,004,000 4.0 640,000 3.7 5

36. Slide 36: Western Tanami Resources as at June 2010

    Western Tanami Resources as at June 2010 Measured Indicated Inferred Total Deposit For personal use only Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Coyote 78,000 25.6 64,000 473,000 11.5 174,000 329,000 7.0 74,000 880,000 11.0 312,000 *Sandpiper 27,000 3.3 3,000

37. Slide 37: Western Tanami Project – Hutch's Find

    For personal use only Western Tanami Project – Hutch’s Find Western Tanami Project - Hutch’s Find significant intersections from recent drilling Significant Intersections Hole Collar Collar Collar Collar Collar Hole Number Depth Length Grade Easting Northing RL Dip Azimuth Interval (m) (m) (g/t) 98m

38. Slide 38: Central Tanami Project – Southern

    For personal use only Central Tanami Project – Southern Central Tanami Project – Southern significant intersections from recent drilling Significant Intersections Collar Collar Collar Hole Hole Number Collar RL Collar Dip Length Grade Easting Northing Azimuth Depth (m) Interval (m) (g/t) SODD2 57383

39. Slide 39: Central Tanami Project – Miracle, Legs & Lynx

    Central Tanami Project – Miracle, Legs & Lynx Central Tanami Project – Miracle, Legs and Lynx significant intersections from recent drilling For personal use only Hole Significant Intersections Collar Collar Collar Collar Collar Prospect Hole Number Depth Length Grade Easting Northing RL Dip Azimuth

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