22 June 2011

Company Announcement Office Australian Securities Exchange Limited

Broker Presentations

In accordance with the requirements of Listing Rule 3.1 we submit the attached material being presented to investors and brokers today.

Mr Peter Kennewell, CEO of Precious Metal Resources Limited, is making the presentation.

For further information please contact

Investor Relations, Henry Kinstlinger Raffles Capital Limited

+61 2 9251 7177  

ASX: RAF

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Halls Peak Copper – Zinc – Silver

5 – 70 Million Tonnes Base Metals Exploration Target

ASX: RAF

22  June  2011

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DISCLAIMER The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Raffles Capital Limited (Raffles) nor does it form the basis of any contract or commitment. Raffles makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. Raffles, its directors, employees, agents and consultants shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Raffles, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties.

Actual events and results may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors. The principal important risk factors that could cause Raffle’s actual performance and future events and actions to differ materially from such forward-looking statements, include, but are not limited to, continuing volatility in the capital or credit markets and other changes in the securities and capital markets, changes in market prices of Raffle’s investments, the occurrence of one or more catastrophic events, such as an earthquake, hurricane, or act of terrorism, changes in laws or regulations, changes in income tax laws, and changes in general economic and market factors that affect the prices of securities or the industries in which does business.

JORC STATEMENT The information in this report that relates to mineral exploration is based on information compiled by Peter John Kennewell, who is a member of the Australasian Institute of Mining and Metallurgy. Peter John Kennewell is a director of Precious Metal Resources Limited, a subsidiary of Raffles Capital Limited and 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, Identified Mineral Resources, and Ore Reserves”. Peter John Kennewell consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

1 DIRECT SHIPPING ORE In this presentation all references to direct shipping ore (DSO) refers to the company’s exploration objective of defining DSO grade mineralisation. The potential quantity and grade of exploration targets is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

2 TARGETS The  poten.al  quan.ty  and  grade  of  explora.on  targets  is  conceptual  in  nature,  there  has  been  insufficient  explora.on  to  define  a  Mineral  Resource  and  it  is  uncertain  if  further  explora.on  will  result  in  the  determina.on  of  a  Mineral  Resource.  

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Halls Peak 5 – 70 Million Tonnes Base Metals Exploration Target2

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Leading Industry Statements

“There is undoubtedly room for large deposits to occur…. At least three mineralised horizons involving 8,000 metres of favourable argillites are shown…”

BHP, 1974

“An ore body in the order of magnitude of ten million tonnes at 30% combined base metals and 150 – 300 g/t silver is possible.” 2

AMOCO, 1983

“Halls Peak, …. is a classic sedex massive sulphide system with potential to discover a large, Mt Isa sized deposit.”

McKelvey, 2006

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Hall’s Creek – Exploring for Direct Shipping Ore1

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High grade, multi-metal field with world class potential.

Neglected for twenty five years because of the low metal prices over that time.

Demand from China, India and other growing countries has reignited interest in the area.

Mineral  sample  from  Gibson’s  No.1,  showing  base  metal  mineralisa.on

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Directors and Team

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Precious Metal Resources Limited

CEO Peter Kennewell BSc, MAusIMM Chief Geologist Michael Leu BSc (Hons 1)

Raffles Capital Limited

Board Chairman Tan Sri Ibrahim Menudin B Com ACA MACPA Executive Director Vincent Tan B Com and Admin CA Director Richard Yap B Econ, MBA Director (Marketing & Finance) Benjamin Amzalak, B. Comm

Officers Joint Company Secretary David L Hughes Joint Company Secretary Henry Kinstlinger Chief Financial Officer Francis Choy MBA FCPA(HK) CPA

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Retired CEO Exploration, Phelps Dodge Mining Co Greg McKelvey opinion (2006)*

“Halls Peak, known since 1896, is a classic Sedex massive sulphide system with potential to discover a large, Mt Isa sized deposit.**

“Mineralisation is in a large sedimentary exhalative System over 30 sq km.

“1 to 3 metre wide high grade zones are surrounded by 10 to 100 metre wide altered zones and potentially mineralised units.”

*Greg  McKelvey  consents  to  the  inclusion  in  this  presenta6on  of  the  ma9ers  based  on  his  informa6on  in  the  form  and  context  in  which  they  appear.  

**Mt  Isa  district  in  2005  had  JORC  reserves  of  24  million  tonnes  (5.1%zn,  3.1%Pb,  1.9oz/t  Ag)  and  an  open-­‐pit  mineable  resource  of  84  million  tonnes  (4.1%Zn,  3.5%Pb,  2.60z/t  Ag)  3  .  

3  hHp://www.mining-­‐technology.com/projects/mount_isla_lead/  

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Gibsons Open Cut. Outcrop 0.7 metres wide

7 Outcropping High Grade Massive Copper / Zinc / Silver Mineralisation

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Halls Peak Typical High Grade* - Comparison with world class deposits

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Typical Grade Ag ozs / t Cu % Zn % Pb % Au g/t

Mt Isa 4.8 6.3 6.9

Hilton 5.8 9.6 7.7

Broken Hill 6.4 15.0 11.0

McArthur River 1.6 11.3 4.9

Cannington 15.5 4.0 10.9

Halls Peak 29.4 3.3 23.2 15.6 0.6

* Halls Creek Typical High Grade is the average of average maximum grades and average minimum grades for all exploration targets reported.

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Benefits from the past

•  OLD OPERATIONS, 1896 Onwards. •  BHP Co Ltd, 1938. •  The Zinc Corporation, 1951 - 52. •  Halls Peak Australia, 1967 - 70. •  Allstate Exploration NL 1968 – 71. •  Carpentaria Exploration, 1970 - 71. •  BHP, 1971 - 75. •  CRA, 1978 - 79. •  Amoco, 1980 -83. •  BHP, 1984.

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We have inherited many millions of dollars worth of exploration data.

Only now have all the small mining titles been consolidated into three exploration licences.

Base metal prices have risen to very high values, making these previously marginal deposits potentially very economic.

Multi-metal province prospected by multinationals 25 years ago

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Halls Creek Historical Base Metal Deposits

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•  Firefly Mine

•  Faints Mine

•  Mickey Mouse Prospect

•  Keys Prospect

•  Gibson’s Open Cut Mining Area

•  Khans Creek Mine

0 2Km 4Km |__________|__________|

References  to  Mines,  refer  to  geographical  names,  and  no  inference  should  be  made  that  PMR  is  opera.ng  any  mines  at  this  stage  of  its  development.

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Close to port

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87km, by road, south-east of Armidale, NSW.

4 hours drive to port of Newcastle NSW; Freight A$55 per tonne.

3 Exploration licences (EL4474, EL5339, ELA 4045) cover all known areas of mineralisation, 132 square kilometres

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Copper Potential: Allstate, 1970

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Drill Hole

Interval m*

Cu %

Zn %

Pb %

Ag oz/t

Allstate 3 0.0 - 6.1 2.9 13.0 13.0 12.1

15.7 - 9.8 3.2 20.3 10.9 7.6

Allstate 4 0.0 - 4.3 4.2 24.8 15.4 5.2

7.4 - 17.0 3.8 24.1 13.3 7.1

Allstate 6 21.9 - 31.7 3.3 24.1 13.2 6.1

Gibsons No 1 Mineralisation

* True widths uncertain; Total mineralisation approximately 5 metres true thickness (Leu,1998)

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Silver Potential: Firefly/Faints Mine

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Source Sample (m) Ag (ozs/t)

Zn %

Pb %

Cu %

Au g/t

DDH CEC Faints 2, (CEC, 1971)

83.6 - 84.6 126.8 18.4 9.0 0.8

Average (NSW Mines Dept, 1918)

18 tons 62.0 34.5 25.6 1.5 3.1

Average grade 94.4 26.5 17.3 1.2

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Zinc Potential: Khan’s Mine

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High Grade

1.1 - 1.8 metre wide massive sulphide lens.

PMR assay July 2010:

Zinc 37.5% Lead 25.8% Copper 0.8% Silver 5.6 ounces/tonne

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Gold Potential: Amoco Anomaly

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Anomalous gold in 500 by 800 metre zone.

31 soil samples contained 0.1 to 1.8 grams/tonne (g/t) gold.

Rock samples up to 7.29 g/t gold and 14.3 g/t silver.

Weathered rock bearing anomalous gold

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Short Term Plan

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Pre JORC drill core from more than 23 holes has been preserved by the NSW Government. This will be assayed and relogged.

A drill program will be conducted to confirm, infill and extend high grade mineralisation.

A JORC compliant inferred resource of high grade will be prepared, if supported by the drilling results, .

Extending the Existing Data Set

High Grade Exploration Target, Firefly Deposit (Core has only been partly assayed in the past)

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Extending the Historical Deposits*

Medium Term Plan

Compile previous drilling onto computer and determine large mixed high and low grade targets.

Focus on two best target areas and drill to locate a large tonnage of mixed high and low grade mineralisation.

Determine an inferred resource to JORC standard.

* Substantial data and historical estimates pre-dating JORC reporting will be reassessed to confirm inferred resources according to JORC standards .

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The Big Picture Long Term Plan

Drill to prove that base metals extend under the mountain for hundreds of metres (or more) in a black shale basin.

Search for silver/copper/zinc/lead in the black shale basins using drilling and geophysics and locate volcanic vents which may host large copper deposits.

Locate and drill a world class base metal deposit.

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Exploration Target2 – Large Mixed High and Low Grade (Approx. 15 Metres Thick)

A large mixed high and low grade target

Base Metals occur in black layers

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Exploration Targets2

Deposit Width (m) Length (m) Depth (m) Target (tonnes)

Gibson’s 30 - 60 200 - 400 100 - 300 2 – 20 million

Firefly 10 - 20 300 – 1,000 400 - 800 3 – 50 million

TOTAL 5 – 70 million

Density:  3  tonnes/cu  m  

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Tonnages  

Grades  

Deposit Cu % Zn % Ag ozs / t Pb %

Gibson’s 4 - 2 19 - 2 12 - 0 13 - 1

Firefly 0.8 - 0.7 7 – 1 20 - 3 4 - 0.6

Upper  es.mates  assume  20%  average  massive  mineralisa.on,  interbedded  with  80%  average  low  grade  mineralisa.on.  Lower  es.mates  assumes  100%  average  low  grade  mineralisa.on.    

Ranges  of  all  available  representa.ve  sampling  through  each  Explora.on  Target  

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Scale 0 1 Km l____l

* Black shales carrying base metals are shown in black

Amoco Map Showing Extent Of Base Metal Bearing Black Shale*

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Amoco Geological Cross Section*

*Base metal bearing layer is in black

Metres 0 500 l__________l

Amoco Cross Section Showing Extent of Base Metal Bearing Black Shales – Central Area

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Rio Tinto Cross Section Showing Extent of Base Metal Bearing Black Shales* - Southern Area

(* Base metal bearing black shales are black layer)

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In Conclusion

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“There is undoubtedly room for large deposits to occur…. At least three mineralised horizons involving 8,000 metres of favourable argillites are shown…”

BHP, 1974

“An ore body in the order of magnitude of ten million tonnes at 30% combined base metals and 150 – 300 g/t silver is possible.” AMOCO, 1983

“Halls Peak, …. is a classic sedex massive sulphide system with potential to discover a large, Mt Isa sized deposit.”

McKelvey, 2006

ASX: RAF

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Company Precious Metal Resources Limited ACN 145 105 148

A division of Raffles Capital Limited

ASX code RAF

Contact Peter Kennewell – CEO

Telephone + 61 2 9251 7177

Email pkennewell@rafflescapital.com.au

Website www.rafflescapital.com.au

For further information