A1 Minerals Limited

EXPLORER TO MINER

Presented by

John Williams - Managing Director

A1 Minerals Limited

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Disclaimer

This presentation contains certain forward-looking information and forecasts

which include without limitation, expectations regarding future performance,

costs, production levels or rates, reserves and resources, the financial

position of A1 Minerals Limited, industry growth or other trend projections.

Such forecasts and information are not a guarantee of the Company’s future

performance and include unknown risks and uncertainties in addition to

other factors that are beyond A1 Minerals Limited’s control. Accordingly, the

actual results and developments may differ from those expressed or implied

by these forward looking statements due to a variety of factors. Nothing in

this presentation should be construed as either an offer to sell or a

solicitation of an offer to buy or sell securities.

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Managing Director of A1 Minerals since 29th May 2002

Geologist; 25 yrs Australian and International experience

exploration

feasibility studies

open pit and underground gold mines

Previous Gold Mine Management Experience:

Lady Bountiful, Broads Dam and Burbanks Operations in Western

Australia

Gold Discoveries:

Brightstar Alpha, Beta, Delta (Laverton, Western Australia)

Wendy Gully (Broad Arrow, Western Australia)

Attilla Deposit (Yamarna Greenstone Belt,Western Australia)

Managing Director –

John Williams

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• COO - ALAN DOWNHAM

• CFO - ALBERT LONGO

• MINE MGR – TONY WALLACE

• EXPLORATION MGR – MARK JURY

• GEOLOGY MGR – ANDREW RICHARDSON

• PROCESS MGR – ROB TAYLOR

• CAMP MGR - KERRIE GURNETT

MINE MANAGEMENT

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BETA NORTH PIT

MINE GEOLOGIST MARKING OUT THE

ORE AFTER BLASTING

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High

grade

oreblock

BRIGHTSTAR BETA - HIGH GRADE MINING

ALTERNATIVE

IN

NARROWER CONDITIONS

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BETA CENTRAL PIT

MINE GEOLOGIST SUPERVISING

MINING CONTRACTOR -WATPAC

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Ore Stockpile

BRIGHTSTAR BETA MINE SITE ROM PAD

PROCESSING PERSONNEL INSPECTING ‘RUN OF MINE’ ORE

BEFORE FEEDING INTO PRIMARY JAW CRUSHER

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BRIGHTSTAR BETA CRUSHING CIRCUIT

ROM PadROM

Ore

Chute

Crushed Ore Stockpile

Secondary

(Cone)

Crusher

Primary

(Jaw)

Crusher

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BRIGHTSTAR BETA MINESITE CRUSHED ORE STOCKPILE

AND PROCESS WATER DAM10

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PROCESSING PLANT

6 X Carbon-in-Pulp

(CIP) TanksLeach Tank

Ball Mill

and

Regrind

Mill

Crushed

Ore

200,000L

Fuel Facility

2 Megawatt Powerplant

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GOLD POURS

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Successful Track Record

“Since successful ASX listing in Dec 03 A1 Minerals has

maintained its focus and grown Brightstar Gold Project

through prudent operation and successful exploration.”

Brightstar Gold Project Key Points:

1. Near Laverton(WA) service centre

2. Highly endowed gold province +25Moz

3. ~500kms ground holdings

4. 1.7Moz Resources

5. including150Koz Reserves

6. Pipeline of Projects -Drilling targets delineated

7. Gold Plant producing at 300ktpa rate

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Brightstar Gold Project

BLUE TEXT – A1 Minerals

BLACK TEXT – Other Mines

Perth.

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Delta Discovery

New Realisation of 1980’s Cork

Tree Well Gold Discovery

•Previously thought to be strata-

bound and trending north-northwest

however A1 Minerals soon found

that gold mineralisation follows north

trending shear zone.

•Gold mineralisation continues

beneath pits and also along strike to

north.

N NNW

VIEW to

SOUTH

GO

LD

Note: 8g/t, 2 metre width Chert

lode exposed in open pit is

analogous to Lancefield Gold

Deposit(2.5Moz) 15km to the

south which has been shown to

extend beyond 800metres

depth

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BRIGHTSTAR DELTA

3.2KM LONG 400M DEPTH

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Gold Deposit with Significant Exploration

Upside:

+400metres depth (Visible gold in diamond

core more than 330m)

3,200metres length

726,000oz Resources current est.

Including 60Koz Ore Reserves est.

Further drilling planned to increase

resources/reserves

Good underground potential

Shares similar geological characteristics with

2.5Moz Lancefield deposit

BrightStar Delta

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Full rated production throughput

Cash flow

debt free

Unhedged

Ongoing drilling

Rising Gold Prices

Outlook

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LATEST DRILLING GRADE CONTROL

•BETA NORTH PIT

DESIGNED PIT

OUTLINE

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LATEST DRILLING

Resource Drilling• Beta North Pit

• Gold lodes continue beyond current pit design

Beta North Pit

Drill Section

20610N

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LATEST DRILLINGGRADE CONTROL

Beta Central Pit

• Infill drilling (RC grade control) at Beta Central Pit excellent correlation between resource model and grade control

• returns intercepts up to of 11metres at 16.1g/t

Depth

Hole ID From To Grade (g/t) Av Grade (g/t) m

MR019

33 34 36.05 36.05 1

34 35 84.89 60.47 2

35 36 2.93 41.29 3

36 37 14.81 34.67 4

37 38 1 27.94 5

38 39 1.08 23.46 6

39 40 1 20.25 7

40 41 2.08 17.98 8

41 42 0.49 16.04 9

42 43 1.34 14.567 10

43 44 31.55 16.11 11

44 45 0.56 14.815 12

Current pit Floor

447.5RLGRADE

CONTROL

DRILLHOLES

COMPARISON OF LATEST

GRADE CONTROL

DRILLING TO RESOURCE

DRILLING CONFIRMS

MODELLING AND HEAD

GRADE21

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Company Formed: May 02

Listed on ASX : December 2003 (Code ASX:AAM)

Directors: Michael Hunt (Independent Chairman)

John Williams (Managing Director)

Ross Louthean (Independent Director)

Cash and Gold: A$2million

Shares: ~198 million

Market Cap: @ A$0.23 = ~$41m

Major Shareholders: John Williams 9% (Founding Director)

Sandra Wheeler 6% (Plant Purchase)

Top 20 Shareholders: 38%

Corporate

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0%

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SLR - 329%

RRL - 395%

AAM - 282%

CRE - 94%HEG - 68%IGR - 57%NAV - 35%

Share Price Performance against similar ASX Companies

Indexed to 100% at Jun 2008

The market has been slowly re-rating A1 Minerals for a year...

Source: Yahoo Finance

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With Thanks

Further information is available by contacting:

John Williams – Managing Director

A1 MINERALS LIMITED

Australian Stock Exchange Code ASX : AAM

Email: info@a1minerals.com.au

Website: www.a1minerals.com.au

LAUNCHED FOR SUCCESS

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