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Welcome to

Aditya Birla Minerals Ltd.

4 December 2012 For

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Disclaimer

This presentation has been prepared by Aditya Birla Minerals Limited (“ABML”) and consists of written materials/slides for a presentation concerning ABML. By reviewing/attending this presentation, you agree to be bound by the following conditions.

No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information, contained in the presentation or of the views, opinions and conclusions contained in this material. To the maximum extent permitted by law, ABML and its related bodies corporate and affiliates, and its respective directors, officers, employees, agents and advisers disclaim any liability (including, without limitation any liability arising from fault or negligence) for any loss or damage arising from any use of this material or its contents, including any error or omission there from, or otherwise arising in connection with it.

Some statements in this presentation are forward-looking statements. Such statements include, but are not limited to, statements with regard to capacity, future production and grades, projections for sales growth, estimated revenues and reserves, targets for cost savings, the construction cost of new projects, projected capital expenditures, the timing of new projects, future cash flow and debt levels, the outlook for minerals and metals prices, the outlook for economic recovery and trends in the trading environment and may be (but are not necessarily) identified by the use of phrases such as “will”, “expect”, “anticipate”, “believe” and “envisage”. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and may be outside ABML’ control. Actual results and developments may differ materially from those expressed or implied in such statements because of a number of factors, including levels of demand and market prices, the ability to produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in taxation or regulation.

Given these risks and uncertainties, undue reliance should not be placed on forward-looking statements which speak only as at the date of the presentation. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, ABML does not undertake any obligation to publicly release any updates or revisions to any forward looking statements contained in this presentation, whether as a result of any change in ABML’s expectations in relation to them, or any change in events, conditions or circumstances on which any such statement is based.

Certain statistical and other information included in this presentation is sourced from publicly available third party sources and has not been independently verified.

All figures are expressed in Australian dollars unless stated otherwise.

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The Information in this release that relates to exploration results is based on information compiled by Maurice Hoyle, a Fellow of the Australasian Institute of Mining and Metallurgy, Sean Sivasamy, a Member of the Australasian Institute of Mining and Metallurgy, both of whom are full time employees of the Company and by Dr Neal Reynolds, a Fellow of the Australasian Institute of Mining and Metallurgy and Peter Geerdts, a Member of the Australian Institute of Geoscientists both of whom are full time employees of resource industry consultancy CSA Global Pty Ltd. Messrs Hoyle, Sivasamy, Reynolds and Geerdts 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 Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results. Messrs Hoyle, Sivasamy, Reynolds and Geerdts have given their consent to the inclusion of the material in the form and context in which it appears.

The information in this report which relates to Mineral Resources for the Nifty and Mt Gordon operations is based on and accurately reflects reports prepared by Peter Ball of DataGeo and Sivasamy in 2012.

Mr Ball and Mr Sivasamy have the necessary experience relevant to the style of mineralisation, the type of deposit and the activity undertaken to qualify as a ‘Competent Person’ under the JORC Code for Reporting of Mineral Resources and Ore Reserves (2004 Edition). Mr Ball and Mr Sivasamy have given their consent to the inclusion of the material in the form and context in which it appears. Mr Ball is Principal of DataGeo Geological Consultants (an independent geological consultancy). Mr Sivasamy is a full time employee of Aditya Birla Minerals Limited.

Competent Persons Statement F

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Company Highlights

One of very few Dividend paying copper producer

Strong financial strength, sound strategy and operational discipline see us well placed

Owns two high grade copper mines

Board having diverse range of collective experience of over 200 years

Part of prestigious Aditya Birla Group and backed up by Hindalco, the world’s largest metal power house, strengthens our position in copper market

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ABY: Company snapshot

• 313,372,551 Ordinary shares on issue

• A$ 0.485 cents Share Price at 30 Sept 2012

• A$ 152m Market Capitalisation

• 5 cents unfranked dividend paid for FY12 Dividend

• Two high grade copper mines- Nifty and Mt Gordon with annual capacity ~75k mt of Copper

Mines

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Mr Debu Bhattacharya Non-Executive Chairman

Dr Sunil Kulwal CEO & Managing Director

Dr Suresh Bhargava Independent Non Executive Director

• Joined Aditya Birla Group in 1998 and Heads the Group's metals business and MD of Hindalco Industries.; Vice Chairman of Novelis and Chairman of Utkal Alumina International Ltd.

• Extensive experience with the Group internationally and spend 30 years with Unilever in executive management positions, including leading the chemical business of Unilever in India

• Recipient of prestigious India Business Leader of the Year Award (IBLA) 2005; The Asia Corporate Citizen of the Year Award (ABLA) 2005 and LEXI Award 2007 for Strategic & Leadership Excellence.

• Bachelor of Technology with Honours in Chemical Engineering

• Over 25 years various industries experience in technical and senior executive positions. • Track record of turning around industries through a participative management culture and providing strategic direction.

Presented various papers at international conferences and is a Chevening Scholar. • Previously Executive President of Grasim Industries Limited, Chemical Division, a subsidiary within the Global Aditya Birla

Group, where, he was responsible for developing a US$900 million new Chemical Complex. • B.Com, Chartered Accountant, Company Secretary, Doctor of Philosophy (Ph.D.)

• Over 27 years experience with organisations including Alfa Laval, Brook Bond India Ltd and Larsen & Toubro Ltd. • Joined the Group as President, Corporate Legal Cell and instrumental in establishing the Corporate Legal Cell for the Group

and has been a Director of a number of companies. • Currently, Adviser to the Managing Committee of Bombay Chamber; Co-Chairperson of the Legal Affairs Committee of

Associated Chambers of Commerce and Industry of India; Advisory Board of Corporate Law Committee of the Federation of Indian Chamber of Commerce & Industry and appointed by the Singapore International Arbitration Centre as an Arbitrator on its panel of Indian Arbitrators.

• Recipient of the Best In-House Counsel award by Asia Law, Hong Kong in 2005 and 2007, Conferred the prestigious National Law Day"Award by the Hon'ble Prime Minister of India in 2006.

• Bachelor of Science, Master of Law, Member of the International Bar Association and Vice Chair of Corporate Council Forum

• Over 20 years Australian resources experience on various aspects of mineralogy and hydrometallurgy and environmental issues including technology development. Previously worked on various projects with Alcoa, BHP Billiton and Rio Tinto (Comalco)

• Currently Professor and Chair of Industrial Chemistry at RMIT University ; Director of the Integrated Victorian XRD and Materials Characterisation Facility and the RMIT Vibrational Spectroscopy Facility.

• Among many distinguished awards and achievements throughout his career, received the 2006 Vice-Chancellors highest Award for Research Excellence, R K Murphy Award - the most coveted industrial chemistry award in Australia by Royal Australian Chemical Institute.

• Doctor of Philosphy (Applied Science): D.Sc (RU) & Fellow of Royal Australian Institute of Chemistry

Mr Mysore Prasanna Non-Executive Director

ABY’s Board has a diverse range of experience F

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Mr Maurice Anghie Independent Non-Executive Director

Mr Narayan Krishnan Independent Non-Executive Director

Mr Dilip Gaur Non-Executive Director

• Experienced, qualified professional possessing an extensive range of commercial and financial skills. Having worked extensively in the listed corporate environment, he possesses legal, regulatory and governance expertise.

• Previously Audit and Corporate Finance Partner in many Chartered Accounting Firms. Currently an Independent Corporate consultant and a Non-Executive Director of Gujarat NRE Coking Coal Ltd.

• Bachelor of Business, Fellow Chartered Accountant, Fellow Certified Practising Accountant, Member of the Australian Institute of Company Directors

• Chemical Engineer with over 32 years experience in leadership positions in a cross section of Industries spanning Petroleum Refining, Petro chemicals, FMCG, speciality & Industrial chemicals, Fertilisers & Agriproducts, Nonferrous metals, oils & chemical in India, Malaysia & Egypt.

• Currently heads the Copper Business of Hindalco as a Group Executive President. • Prior to this he was Managing Director of Aditya Birla Group's Carbon black business in Egypt – an Indo-

Egyptian JV. Previously he held various positions spanning 24 years at Unilever. • Outstanding track record of building robust businesses, turning around fledging ones and delivering

exceptional results under challenging conditions in a multi cultural – multi geographic context. • On the Board of various companies and active member of several Industry bodies in India, Malaysia , Egypt

including ABY's subsidiary, Birla Mt Gordon. • Bachelor of Technology in Chemical Engineering.

• Over 36 years industrial experience in the field of non-ferrous extractive metallurgy including operations management, technical development and process design.

• Previously worked in various senior executive positions at global mining companies including MIM Holdings, Pasminco and was Group Advisor Metallurgy at WMC Resources Ltd, role included operations review, operations support, strategy input, technical advice to copper, nickel and fertiliser business and the management of external research projects.

• Currently runs a private technical consultancy firm, OM Metals Trust Pty Ltd, providing high level technical advice and strategy input to large mining companies.

• Master of Science – Geoscience, Bachelor of Technology – Metallurgy (First Class), Member of the Australasian Institute of Mining and Metallurgy.

ABY’s Board has a diverse range of experience F

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Backed by the world’s largest metals powerhouse strengthens our position in the copper market

Hindalco Industries – Cornerstone of Growth F

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Aditya Birla Group – Global Leader F

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Aditya Birla Minerals

Nifty Operations • Great Sandy Desert Region of the East

Pilbara in Western Australia, approx 1,250 km north of Perth and 350 km east of Port Hedland.

• Acquired the Nifty operation in March 2003 for the large undeveloped sulphide resource.

Mt Gordon Operations

• Located in northwest Queensland, approximately 120 km north of Mt Isa

• Purchased the Mt Gordon copper operation in Queensland in November 2003.

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Nifty mining and milling capacity (annualized based on Apr-Sep actuals) increased to

2.4mn tonne

Mt Gordon production ramp up accomplished successfully and reached pre-C&M level

Mt Gordon resources increased from 0.55mn MT of contained copper to 2.07mn MT of

contained copper

Improvement in Site Unit costs vs LY YTD

Working on various Cost optimization initiatives at both mines

Lower LME, higher exploration costs and heavy congestion at Port Hedland adversely

affected shipments and in turn resulted in lower profitability

Generated Operating EBITDA of $ 26.2mn, incurred $ 9.8mn on Exploration cost, so net

EBITDA was $ 16.4mn in H1 FY13

ABML : Key Highlights for H1 FY13 F

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ABML: Operational Highlights for H1 FY13

• 37% growth in ore mined: 1,779k tonnes of ore in H1

FY2013 as compared to 1,302k tonnes in H1 FY2012 Ore Mined

• 33% growth in Ore processed: 1,754k tonnes of ore in H1

FY2013 as compared to 1,319k tonnes in H1 FY2012 Ore processed

• 25% growth in Copper production: 33,465 tonnes in H1

FY2013 as compared to 26,874 tonnes in H1 FY2012

Copper

production

Succesful ramp up of MGO operations helped in achieving significant growth

YoY

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Nifty Resources and Reserves *

As at 31st March 2011

Contained Copper in Resources 890,000 MT

Contained Copper in Reserves 420,000 MT



Resources 31-03-12 *

Reserves 31-03-12 *

Mn. tonnes

Potential upgrade to ~23mn t of reserves- study in progress for completion by Q2 FY14

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Nifty Resources and Reserves

As at 31st March 2011 As at 31st March 2012

Contained Copper in Resources 0.89 Mn MT

Contained Copper in Reserves 0.42 Mn MT



* Details as per Annexure A & B

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As at 31st March 2011



Contained Copper in Resources 2,074,000 MT


Resources as on 30th Sep’12 * Mn. tonnes

Reserves as on 31st Mar’12 *

Resource as of 30th Sep’12 is based on a revised copper cut-off of 0.5% cu compared to 2011 reported Resource at

1.5% cu cut-off * Break-up as per next slide

Mt Gordon Resources and Reserves * F

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Mt Gordon Reserves and Resources

As at 31st March 2011 As at 30th September 2012





•* Details as per Annexure A & B

•As on 31st

Mar’12

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Nifty Operations

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Site Facilities

•Airport

•Village

•Heap

leach

pads •SX/EW

•Mine •Concentrator

•Tailings Dam

•Waste Dumps

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Infrastructure

Concentrator

Underground Mine

SX/EW plant (currently on C&M)

Power plant – 28MW capacity (fed by gas pipeline)

494 room camp

All weather airstrip

Port Hedland concentrate storage shed

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Nifty: Safety

LTI frequency rate is 3.6, below the industry average of 6.0

Industry average at 6%

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Nifty: Environment

NGER audit done by KPMG – no non-conformances

Won the best presentation award at GEMG environmental conference at Kalgoorlie on wildlife management

East Pilbara Environmental Management Initiative taken to involve all stakeholders e.g. DEC, regional mining companies and aboriginal community for regional environmental management

Approval for construction of second paste fill plant has been received and construction is in progress.

Work in progress -

Rehab trial

Mine closure plan

Compliance report for second paste fill plant

No Major environmental concerns

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Mining F

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General Mine Layout

Checker Board

North Orebody

South Orebody

CV2

CV3

OPENPIT

North

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Ore Block Arrangement F

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Nifty UG Stope Design F

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Mining Method

North Ore Body

Mining Front

Retreating E – W To Level Access

Mining Front

Retreating W – E To Level Access

CROWN PILLAR

•11 L

•12 L

•13 L

•15 L

•14 L

Sublevel Open Stoping with cemented pastefill

Top Down Sequence on 60° echelon

Dual retreat to level access

Natural rib pillars in waste patches

Stoping scheduled to commence Q2 FY14

•11 L

•12 L

•13 L

Isometric View Looking North

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Nifty - South South Limb Resource Upgrade Drilling (Jan – Mar 2013)

Checker Board

South Limb

Isometric View Looking South-West

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Mining Method South Ore Body

Sublevel Open Stoping with cemented pastefill

Combination Of Top Down and Bottom Up Sequences

Single retreat to level access

Natural rib pillars in waste patches

Stoping scheduled to commence Q1 FY14

South Decline

Isometric View Looking South

Top Down Sequence

Bottom Up Sequence

•23 L

•22 L

•21 L

•20 L

•19 L

•16 L

•15 L

•14 L

•17 L

•18 L

•13 L

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Nifty Ore Mined- Improvements

Continued to increase Mine productivity in the current year to off-set the

impact of reducing copper grade- target to increase to 2.7 mn TPA by end of FY

2013-14

Mine productivity increased by 46% in last 5 years

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Development Advance and Mined Ore Improvements

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Concentrator – Circuit Configuration F

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Sustaining good recovery

Concentrator Head grade vs. Recovery Curves F

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Continued to increase Mill productivity in the current year.

Current year’s average of 201KT is the best ever achieved in mine history

Nifty Ore Processed- Improvements

48%

Mill productivity increased by 48% in last 5 years

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Milled and Pastefill Improvements F

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Nifty: Unit costs

Cost inflation pressure has been countered by increase in mine output consistently

Site cost $ per ton of ore mined / processed

-26%

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Nifty : Break-up of Site Cash Cost

30.2%

29.1%

20.7%

6.4% 4.6%

8.9%

Maintenance Manpower

Mining Exp Energy

Reagent & Consumables Oheads

25.1%

29.8%

23.7%

6.5% 4.9%

9.9%

Maintenance Manpower

Mining Exp Energy

Reagent & Consumables Overheads

H1 2013 FY 2012

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Operational Standing- Cost Benchmarking as per study done by AMC Consultants

AMC Benchmarking study placed Nifty in 2nd quartile of production

cost curve (Apr 11 to Mar 12). Significant changes have resulted in

new production benchmarks across site.

New Benchmarks

Ore to surface 230kt

Mill throughput 218kt

Paste Place 86,600 m3

Record Development

advance as owner

629m

1st Quartile 2nd Quartile 3rd Quartile 4th Quartile

FY 08 & 09

~ $133

FY12

$106

Now

$99

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Nifty : Unit C1 Cost per Lb of Copper

NIFTY COST Q2 FY13 Q1 FY13 FY12

Total Site Cash Cost 245 227 214

Transportation & Logistics Cost 16 18 17

Tc/Rc 17 17 15

Total C1 cost 278 252 246

Lower grade resulted in increase in cost of production QoQ

A cents/lb

Cost optimisation initiatives planned to optimize it

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Nifty: Further Cost Optimization Initiatives

Mining:

• Reduce and/or optimise the cost of development- To optimize Fibrecrete, consumables and

support

• Reduce and/or optimise the cost of blasting- Optimize Powder factor, drill design, explosive pricing

• Maximise haulage capacity- To improve time management, designs

• Maximise effectiveness of pastefill- To have supplementary paste plants, rock fill

Processing:

• Change delivery system- Optimise cement addition by improving delivery system

• Look for methods of recovery improvements

Maintenance:

• Optimise Numbers- Review and rationalize personnel numbers in line with benchmark report

• Review cost through strategy rebuild plan- put in optimised rebuild strategy in place

Cost optimization initiatives targeted to achieve savings of more than $ 12mn

per annum compared to current costs

Cost optimization gain will start flowing from Q3, full gain likely

from next FY

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Challenges & mitigation

Challenges Mitigation

Decreasing copper grade at Nifty Increase mine throughput from 2.4 mt to 2.7 mt by end

of FY2014

Explore new areas other than checker board to support a

throughput of 2.7 mt

Upward cost pressure Implement the identified cost optimisation initiatives.

Savings likely to start flowing from Q3 FY13 onwards, full

gain likely from next year

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Mt Gordon Operations

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Mt Gordon: Safety and Environment

• No LTIs in last 4 months. 12 months LTIFR moving average is higher than industry average.

• Safety initiatives taken e.g. training of employees, Take 5, Hazard reporting, JHA

• Water reduction target for dry season as per court order achieved. Fully prepared for upcoming wet

season

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Mt Gordon Ore Mined

Production from Mammoth mine has progressed well and

approaching pre-C&M levels

1.200

1.000

0.162

0.260

0.690

1.150

-

0.200

0.400

0.600

0.800

1.000

1.200

1.400

FY 08 FY 09 FY 10 FY 11 FY 12 Annualised based onApr-Sep'12

MGO- Ore Mined (Mn. t)

Mine was under

care &

maintenance due

to GFC, mined

low grade

Esperanza

material

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Mt Gordon ramp up has been successful and approaching the

pre C&M levels in Q2 FY13

Mt Gordon Ore Processed

1.240

1.030

0.140

0.260

0.660

1.100

-

0.200

0.400

0.600

0.800

1.000

1.200

1.400

FY 08 FY 09 FY 10 FY 11 FY 12 Annualised basedon Apr-Sep'12

MGO- Ore Processed (Mn. t)

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Mt Gordon C1 Cost

MT GORDON C1 COST Q2 FY13 Q1 FY13

Total Site Cash Cost 267 278

Transportation & Logistics Cost * 35 58

Tc/Rc 22 21

CI cost 324 357

A cents/lb

Mt Gordon Site Cash cost has reduced QoQ

* Transportation and logistics cost in Q1 was higher due to material exported in Q2, but transported

to the port in Q1.

Further cost optimisation initiatives planned to optimize it

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Mt Gordon: Cost Optimization Initiatives

Mining

• Reduce vent fans running

• Reduction of waste haulage distance

• Utilise box hole contractor

Maintenance

• SAG & ball mill reline tender

Environment

• Site waste management

• TSF Raise

• Power utilisation (Environment, UG and Process)

Metallurgy

• Renegotiate SAG mill liner rates

• Utilise high chrome grinding media

HR

• Reduce agency recruitment costs & employee turnover

Stores

• Negotiate long term contracts with suppliers of consumables

Targeting to achieve savings of ~$ 6mn p.a. compared to current costs

Cost optimization gain will start flowing from Q3, full gain likely from

next FY

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Geology & Exploration

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Nifty and Maroochydore Projects

Nifty Minesite:

350km SE of Port Hedland Concentrate

Loading Facility

Maroochydore Copper Project:

100km SE of Nifty minesite

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Nifty Near Mine Exploration: 2012

Geophysical anomalies tested by 9

diamond holes.

5 holes contain weak copper with

best interval of :

1.15m @ 0.64%Cu (YNC338).

DHEM completed on all.

Multiple conductors located.

3D DHEM geological modelling in

progress to generate drilling

targets.

Diamond drilling planned to test

these and new targets.

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Nifty : DHEM Survey Conductive Plates

Multiple conductors located in 9 DHEM borehole surveys For

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Nifty Near Mine: Exploration Drilling

Weak-mod copper

intercepted in

YNC300, 304, 333

and 338 (Nifty

North).

Weak copper

intercepted in

YNC 335, in

South Limb Ext.

Weak

mineralisation

intercepted in

YNC330, in North

Limb Ext.

Nifty

YNC330

YNC337

YNC336 YNC335

YNC333

YNC338

YNC334

YNC331

YNC339

YNC304

YNC300

DHEM Target Drilling Zone

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Nifty Mine Resource: North Limb Extension Exploration Drilling: 2012-13

Surface diamond drilling commenced in November. Testing for down plunge

extension of Northern Limb resources (Proposed hole traces shown in lilac).

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Nifty Near Mine Resource Extension Exploration Drilling 2012-13

Hole YNC232 mineralisation previously intersected 12m @ 2.2% Cu in Inferred

resource. Mineralisation remains open down plunge. Previous drilling often

targeted centre of syncline. Northern Limb deemed to be the most prospective

target area for resource extension.

YNC341 now in progress at 305m to test N.Limb resource extension 150m east

of YNC232. Step-out drilling planned further 200m down plunge.

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Nifty Near Mine Resource Exploration Drilling: 2012-13

Drillhole YNC341B now testing down plunge of YNC232 (green area, N.Limb).

Additional holes planned to test further down plunge; poorly drill tested over 1.4km.

Plunge very shallow; interpreted to be 12degrees up plunge, shallowing to 4 degrees down

plunge to the SE.

NW SE

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Nifty Reserve / Grade Control Drilling

Open Pit

All South Limb UG drilling

was completed early 2012. This

will be used for 2013 resource

update

North Limb UG drilling is planned for early 2013.

North Limb

South Limb

South Limb Western Ext

UG Development North Limb Ext

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Objectives: Increase the Ore Reserve from current Mineral Resource Objectives: Increase the Mineral Resource Planned Northern limb drilling -Looking North (drilling red traces, proposed footwall

development drives in blue)

Nifty-North Limb-Underground Drilling

Plan View

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Nifty Mineralisation and Alteration

Primary Sulphide Deposit:

Structurally and lithologically

controlled.

Massive, disseminated and vein-

style chalcopyrite.

Stratabound within strongly silicified

and dolomitised carbonates and

carbonaceous shales of the ‘Nifty

Carbonate Member’

Stratabound copper mineralisation

within up to 100m of stratigraphy

but concentrated within the >20m

to <40m of the Nifty Carbonate

Member.

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Nifty Stratigraphic and Structural Study

Re-logged 19 diamond drill holes

over a 5 km range of the near mine

area to identify:

Lithofacies changes.

Stratigraphy controls.

Governing structures.

Controls on and style of

mineralisation.

Alteration.

The results of this logging formed

the basis for subsequent

interpretation of datasets in a GIS/

3D environment.

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Several individual faults

define a 30-40m wide

fault zone.

Buckling of strata

coinciding with intense

malachite

mineralisation on the

NE side is evident

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The antiform as mapped in the open

pit continues to depth where it is

associated with high grade sulphide

ore zones

The antiform is bounded NW- to

WNW-trending faults, the Haldi and

Masala faults, in the pit.

Reactivation along early normal

faults suggests they are early basin-

architecture normal faults that have

been reactivated during

compressional deformation.

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Long section (envelope 350m) through the mine with interpreted continuation of prospective

ore horizon. Note location of altered hole TND0026 down plunge in the syncline.

TND0026 intersected mineralisation.

YNC214 has been drilled to 908m TD, however deviated to the

N, away from a distinctive conductivity low to the SW.

Hole YNC215, 1 km from the resource: carbonate horizons

c. 760 to 860m interpreted as down plunge continuation of the

NCM but unaltered. Plunge east of here estimated <4 degrees.

TND027 not drilled deep enough to test the target

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Nifty mine and near mine drilling showing labelled drill holes >400m depth

and interpreted contact between the Footwall Shale and Nifty Carbonate

Member. Note that TND027 probably did not test the NCM.

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Map showing compartmentalisation with potential for repetition of

mineralisation and proposed drillholes

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Nifty Stratigraphic and Structural Study Possible NCM Repetition

• Interpreted SW-NE cross section, plotted along SW-NE

• perspective VTEM channel 35 NE shaded section

• • Note correspondence of shale units with high VTEM response.

• Interpretation started at the mine where data density is highest and utilized

all limited data available from logging core and geophysics.

• Note the location of low conductivity zones in the VTEM data potentially

corresponding with a repeated occurrence of the Nifty carbonate member.

Interpreted cross section within the local geophysical context, showing the

VTEM dataset. Note strong response of carbonaceous shale units in the EM data.

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Objectives: Locate resource extensions and / or new discoveries.

Outcomes:

• Completed 9 diamond drillholes and follow-up DHEM surveys.

• Completed structural and stratigraphic basin analysis over 5km radius.

• Completed down plunge assessment of Northern Limb Drilling.

• Drilling targets identified.

• Commenced drilling down plunge of resources along Northern Limb

• Diamond drilling of exploration targets planned for 2013.

Nifty Near Mine Exploration: Major Outcomes 2012-13

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Nifty Regional Exploration: Work Completed 2012-13

Completed: Low Level Aeromagnetic Survey , 30m Height; 50m line spacing; 31,000 line km.

Nifty Near Mine, Maroochydore and Goosewacker areas flown.

Objectives

Provide structural, stratigraphic and intrusive framework to augment exploration for new discoveries of Nifty style and scale of deposit.

Tenement holding

Large Granted and Application Tenement holding

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Nifty Near Mine and Nifty Regional Exploration Summary Outcomes : 2012

Multiple targets generated for follow up surface exploration drilling

Outcomes:

Near Mine Drilling Drilling of:

potential resource extensions down plunge

of Northern Limb. First hole nearing

completion.

Selected DHEM conductors.

Conceptual Nifty repetition targets located

down plunge and in basins 1km northeast

of pit and 2km northwest of pit.

Regional Targeting Aeromagetic, structural and stratigraphic

interpretations to support Maroochydore

and other regional targeting.

Forward Program: 2013-14 Drilling of first hole testing potential

extension down plunge of Northern Limb

now nearing completion.

Drilling scheduled to continue in 2013

following seasonal break.

All target areas to be drill tested.

Regional Targeting Drill follow-up targets generated from

Maroochydore and other regional

aeromagnetic, structural and stratigraphic

analysis 2013/14.

Undertake regional geochemical sampling.

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Maroochydore Geology and Exploration : 2012 Overview

Drilling Completed:

• Total of 14,569m; 33 diamond holes

• 3D IP survey completed on the Sulphide Prospect.

Significant Outcomes:

Copper Sulphide : Low-medium grade stratabound

copper as multiple lenses in black shales;

• Includes narrow high grade zones of mineralisation in lower

grade envelope viz: 37m @ 1.1%Cu; incl 10m @ 2.95% Cu.

The higher grades occur within and proximal to major

structures.

• Copper sulphide mineralisation traced over 1.5Km strike

length. Open down dip and along strike.

• Under–explored; very limited deep drilling undertaken in this

area.

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Maroochydore: Schematic Cross Section

Schematic Composite Section

2012 Diamond drilling programme completed

33 holes for a total of 14,569m.

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Schematic Sulphide Section –50600mN F

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Maroochydore 2012 Drilling on Tilted Gravity

Drill collar plot showing drillhole distribution.

Sulphide Prospect:

Drilling testing major north-westerly-trending

gravity structures along margin of eastern

synformal basin.

Best intercepts and highest grades often

coincident with or proximal to gravity high

structures.

Copper Oxide:

Resource boundary shown with purple outline.

Kasi Prospect

Drilling in generally weak copper mineralisation.

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Maroochydore-2012: Best Copper Sulphide Intercepts

12MAD088: 10m @ 2.95% Cu, 5.5gpt Ag from 353m

and 1m @ 9.40% Cu,18.5gpt Ag from 357m

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Mt Gordon – Exploration Mammoth North

Mammoth North Extension Drilling

SD520 : 2m @ 4.31% Cu from 361m SD523 : 30m @ 2.52% Cu from 345m including 11m @ 5.50% Cu from 345m 11m @ 1.40% Cu from 389m including 5m @ 2.11% Cu from 395m SD528A: 26m @ 1.21% Cu from 189m including 13m @ 1.94% Cu from 200m.

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Mt Gordon Resources

Interpreted extension of Esperanza South 200m

down dip.

Best intersection: SD529: 81m @ 0.99% Cu from

599m.

Interpreted extension of F Lens 400m down

dip.

Best intersection UM1532:

19m @ 1.97% Cu from 708m and

34m @ 1.27% Cu from 652m.

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Mt Gordon : Near Mine Drill Targeting

Mammoth Fault System Convergence.

Near mine review identified three potential

target areas for near mine surface drilling:

MFS area

Foschi’s Ridge South Mammoth

Uranium over VTEM

Strong correlation

between trends of

VTEM, Uranium ratios

and Mammoth

deposits.

Uranium Ratio

Strong spatial and trend

correlations with regional

copper occurrences and

the Mammoth and

Esperanza deposits.

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Mt Gordon Hi-Resolution Aeromagnetic Programme

Completed: Low Level Aeromagnetic Survey ,

50m Height;

50m Line spacing;

4200 line km.

Mt Gordon Near Mine and Gunpowder tenements

flown as shown. Surveys all areas of known

significant mineralised structures.

Objectives:

Provide detailed interpretation of structural,

stratigraphic and intrusive framework of Near Mine

region to support exploration for discovery of new ore

deposits or extensions to existing deposits.

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Mt Gordon Near Mine and Regional Exploration Summary Outcomes : 2012

Substantially augmented resources; generated targets for follow-up drilling

Outcomes:

Resources Contained copper inventory increased by 58% above that released to ASX 29 May 2012. Increased to 162Mt @1.28%Cu above a cut-off of 0.5%Cu

Drilling Delivered Maiden Resources announced for Greenstone and Mammoth North.

Intersected interpreted resource extensions 200m below Esperanza South and 400m below Mammoth F Lens.

DHEM surveys and Structural study and completed. Three areas identified for 2013 drill follow up. Work ongoing.

Regional Exploration: High resolution aeromagnetic survey completed over all mineralised mine structures.

Forward Program: 2013/14

Complete imaging and interpretation of new

DHEM 2012/13.

Prioritise Drilling Targets:

Commence drilling highest priority structural and

DHEM targets in 2013.

Regional Exploration: 3D Integration of all newly acquired structural,

geological and existing datasets.

Prioritise drilling targets and implement follow-up

drilling programmes.

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Sum up : Way Forward

Nifty Operations

Increase plant throughput from 2.4 to 2.7 mn MTPA by end of FY 2013-

14. Planning to optimize and bring it forward.

Extend mine life beyond Checker board

Resource and reserves expansion

Cost optimization

Re-examine operating philosophy based on substantially increased resources

Increase mine life

Cost optimization

Mt Gordon

Operations

Exploration

Inorganic growth

Advance regional targets in Nifty, Mt Gordon and Maroochydore

Extend Nifty and Mt Gordon mine life

Increase sulphide resources at Maroochydore

To look at medium-sized economically viable projects

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Thank you

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Annexure A: Resources as at 30 September 2012

Cutoff Grade

% Tonnes (Mt) Cu % Co % Tonnes (Mt) Cu % Co % Tonnes (Mt) Cu % Co % Tonnes (Mt) Cu % Co %

In situ Oxide and Supergene 0.4 3.20 1.10 4.10 1.10 3.20 1.10 10.50 1.10

Broken Ore Stocks - Oxide and Supergene N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sub Total Oxide and Supergene 3.20 1.10 4.10 1.10 3.20 1.10 10.50 1.10

In situ Sulphide 1.2 25.10 2.60 3.80 2.00 1.60 1.70 30.50 2.50

Broken Ore Stocks - Sulphide N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Sub Total Sulphide 25.10 2.60 3.80 2.00 1.60 1.70 30.50 2.50

Total Mineral Resource 28.30 2.43 7.90 1.53 4.80 1.30 41.00 2.14

Heap Leach Inventory * 15.70 0.50 15.70 0.50

In situ Sulphide 0.5 14.34 1.54 35.95 1.34 111.69 1.22 161.98 1.28

Broken Ore Stocks - Sulphide N/A 0.00 0.00 0.10 3.50 0.00 0.00 0.10 3.50

Total Mineral Resource 14.34 1.54 36.05 1.35 111.69 1.22 162.08 1.28

Total Resource Oxide and Supergene 0.5 - - - 18.40 0.80 0.04 2.30 0.70 0.04 20.70 0.80 0.04

TOTAL (excl Nifty heap leach inventory) 42.64 2.13 62.35 1.20 0.04 118.79 1.21 0.04 223.78 1.39 0.04

NIFTY COPPER OPERATIONS - Mineral Resources as at 31 March 2012

Maroochydore Copper Project - Mineral Resources as at 31 March 2012

MT GORDON COPPER OPERATIONS - Mineral Resources as at 30 September 2012

Aditya Birla Minerals Limited Mineral Resources 2012

Measured Resource Indicated Resource Inferred Resource Total Resource

ADITYA BIRLA MINERALS LIMITED

2012 ANNUAL REPORT – MANAGEMENT DISCUSSION AND ANALYSIS

1. Recoverable copper in the inventory under leach is additional to measured mineral resources.

The information in this table which relates to Mineral Resources for the Nifty and Mt Gordon operations is a depletion of the 2012 Mineral Resource which is based on and accurately reflects reports prepared by Mr Geoff Bullen in 2010 and Mr. Peter Ball in 2012.The information in this report which Relates to Mineral Resources for the Maroochydore project is based on and accurately reflects reports prepared by Mr Geoff Bullen in 2010. Mr Bullen and Mr ball has the necessary experience relevant to the style of mineralisation, the type of deposit and the activity undertaken to qualify as a ‘Competent Person’ under the JORC Code for Reporting of Mineral Resources and Ore Reserves (2004 Edition). Mr Bullen and Mr Ball have given his consent to the inclusion of the material in the form and context in which it appears. Mr Bullen was an employee of Aditya Birla Minerals Limited during the period of the 2010 reporting. Mr. Ball of DataGeo Geological Consultant (an independent geological consultant).

Aditya Birla has had preliminary studies carried out for the Deposits currently reporting Mineral Resource at Mt Gordon to establish if it is economic to mine at a lower head grade and hence cut-off. This work has suggested that material within the mineral resource above a cut-off of 0.5% has the potential to be mined by bulk underground methods.

The Measured and Indicated Minerals Resource tabled above are inclusive of those Mineral Resources modified to produce the Ore Reserve. In all Resources and Reserves tables, significant figures do not imply precision. Figures are rounded according to JORC Code guidelines.

The depletion of the Mineral Resources for the Nifty and Mt Gordon operations for the 2012 reporting is based on and accurately reflects reports prepared by Mr Peter Ball of DataGeo Geological Consultants (an independent geological consultant) in 2012. Mr Ball is a member of the AusIMM(CP-Geo) and Mr Sivasamy is a Mebber of the Australian Institute of Mining and metallurgy. Mr Ball has the qualifications and necessary experience with this style of mineralisation to qualify as a competent person as described by the 2004 JORC Code for reporting of Mineral Resources and Ore Reserves. Mr Ball and Mr Sivasamy has given their consent to the inclusion of the material in the form and context in which it appears. Mr Sean Sivasamy is an employee of Aditya Birla Minerals limited.

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Cutoff Grade Proven Reserve Probable Reserve Total Reserve

Cu% Tonnes(Mt) Cu% Tonnes(Mt) Cu% Tonnes(Mt) Cu%

Nifty Copper Operations

Nifty Underground Sulphide 1.2 14.6 2.1 3.2 2.0 17.8 2.1

Broken Ore Stocks - Sulphide N/A 0 0 0 0 0 0

Nifty Sulphide Ore Reserves 14.6 2.1 3.2 2.0 17.8 2.1

Mt Gordon Copper Operations

Sulphide 1.5 0.8 2.0 3.6 2.4 4.4 2.3

Broken Ore Stocks - Sulphide N/A 0 0 0 0 0 0

Mt Gordon Sulphide Ore Reserves 0.8 2.0 3.6 2.4 4.4 2.3

Total Sulphide Ore Reserves 15.4 2.1 6.8 2.2 22.2 2.1

The information in this statement for the Nifty Copper Operations underground Ore Reserve is based on information compiled by Mr Brad Watson under the direct

supervision of Mr David Lee who is a Fellow of the Australasian Institute of Mining and Metallurgy and a full time employee of AMC Consultants Pty Ltd. Mr Lee has

sufficient relevant experience to be a Competent Person as defined in the JORC Code. Mr Lee consents to the inclusion of this information in the form and context in

which it appears.

The information in this table that relates to Ore reserves for Mt Gordon operations is based on the information compiled by Edward Gleeson an employee of AMC

Consultants Pty Ltd. Mr Gleeson is a member of Australasian Institute of Mining and Metallurgy. Mr Gleeson 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’. Mr Gleeson consents to the inclusion of this information in the form

and context in which it appears.

Annexure B: Sulphide Reserves as at 31 March 2012 F

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