Dromana Estate LtdLongonjo ProjectInvestor Update

July 2013For

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Disclaimer and Competent Persons

Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions intowhich this presentation is released, published or distributed should inform themselves about and observe such restrictions.This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation ofany vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this presentation in any jurisdiction incontravention of applicable law. This presentation is not an offer of securities for sale in the United States, nor does this presentation constitute a prospectus orother offering document in the United States or any other jurisdiction in which it is being used. Securities may not be offered or sold in the United States absentregistration under the U.S. Securities Act of 1933, as amended, or an exemption from registration there from.In providing this presentation Dromana Estate has not considered the financial position or needs of the recipient. Persons needing advice should consult theirstockbroker, bank manager, solicitor, attorney, accountant or other independent financial and legal advisors. These statements are forward‐lookingstatements. These forward‐looking statements are not historical facts but rather are based on Dromana Estate’s current expectations, estimates andprojections about the industry in which Dromana Estate operates, and beliefs and assumptions regarding Dromana Estate’s future performance. Words such as“anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates” and similar expressions are intended to identify forward‐looking statements.These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which arebeyond the control of Dromana Estate, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in theforward‐looking statements. Dromana Estate caution shareholders and prospective shareholders not to place undue reliance on these forward‐lookingstatements, which reflect the view of Dromana Estate only as of the date of this presentation. The forward‐looking statements made in this presentation relateonly to events as of the date on which the statements are made. Dromana Estate will not undertake any obligation to release publicly any revisions or updatesto these forward‐looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as requiredby law or by any appropriate regulatory authority.

Competent Person StatementThe information in this report that relates to Exploration Results is based on information compiled by Andrew Richards, who is a member of The AustralasianInstitute of Mining and Metallurgy and the Australian Institute of Geoscientists. He is a full time employee of Arc Resources Pty Ltd which is providing consultingservices to Dromana Estate Limited. Andrew Richards has sufficient experience which is relevant to the style of mineralisation and type of deposit underconsideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves’. Andrew Richards consents to the inclusion in the report of the matters based on theirinformation in the form and context in which it appears.

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Company Overview

Capital StructureShares on Issue 8 July 13 150,605,764

Share Price 8 July 13 $0.004

Market Capitalisation 8 July 13 $602,423

Net Cash 31 March 13 $574,000

Convertible Notes 8 July 13 100,000,000

Board and Management

Mr Gabriel Chiappini – Non Executive ChairmanGabriel Chiappini is Chartered Accountant with over 20 years’ experience as afinance professional and member of Australian Institute of Company Directors.Mr Chiappini’s background is with a Big 4 Accounting Firm as well as LondonBanking and property experience together with various ASX listed ChiefFinancial Officer/Finance Director roles.

Mr Geoff Bell – Non Executive DirectorGeoff Bell is Chartered Accountant with over 30 years’ experience as a financeprofessional and is a Fellow of the Society of Certified Practising Accountantsand Taxation Institute of Australia.

Mr Jerko Zuvela – Non Executive DirectorJerko Zuvela is a geologist with over 17 years resources experience in Australiaand internationally, during which time he has held senior executive positions inpublic listed and unlisted companies including Kangaroo Resources Limited,Indicoal Mining Australia, Strike Resources Limited.

Mr Andrew Richards – Consulting geologistMr Richards is a geologist with 32 years experience in the mining industry, 7years of which involved a senior role in Project Finance within a bankingenvironment, and includes technical reviews and due diligence of projects inAustralasia, Asia, North America and Europe for project and corporatefinancing.

Top 5 Shareholders %Deck Chair Holdings Pty Ltd 10.24

Mahsor Holdings Pty Ltd <Rosham Family S/F No2> 10.24

Celtic Capital Pty Ltd <Celtic Capital A/C> 8.30

Brijohn Nominees <Nelsonia A/C> 7.97

Vision Asset Management Limited 6.97For

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Sable Minerals Acquisition

In March 2013, Dromana executed an option agreement to acquire Sable Minerals Pty Ltd, the holder of a 70% interest in the Longonjo Project  in Angola.

The Longonjo Project is prospective for copper, gold and rare earths, with previous exploration identifying numerous high grade prospects. 

The 3,670km2 permit is located 70kms from the international airport of Huambo, and is traversed by a serviced rail line that runs to the deep water port of Benguala.

Over the last 5 years Sable have developed excellent government relations, conducted numerous exploration programs and built an in country team and workforce.  Trench DTR2 returned 15.25m @ 2.27% Cu 

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Sable Acquisition cont.

In April 2013, Dromana completed a due diligence site visit and exploration works that focused on the Cassenha Hill Copper Project. 

Over 500m of surface trenching  work included results:

• 15.25m @ 2.27% Cu (including 2m at 3% Cu) • 16m @ 1.79% Cu (including 4m @ 4.16% Cu) • 8.3m @ 1.62% Cu (including 5m @ 2.28% Cu) • 50m @ 0.98% Cu (including 21m @ 1.39% Cu)

Over 200m of underground sampling included results:

• 12.4m @ 1% Cu (including 2m @3.03% Cu) • 4.1m @ 2.37% Cu• 7m @ 1.72% Cu

Recent exploration  activity at Cassenha Hill  has extended the prospective strike to over 3.5km in length.

Adit No 2  returned  broad zones (40m ‐ 50m) of  copper mineralisation with sections  averaging 3.03%Cu, 2.37% Cu and 1.72% Cu F

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Angola overview

Fastest growing economy in Africa.

Stable political environment, recently concluded presidential elections.

Between 2001–2010, Angola had the world’s highest annual average GDP growth @ 11.1%.

Africa’s second largest oil producing country, and 3rd largest diamond producer.

Largest Chinese oil supplier.

Well developed infrastructure and resource friendly environment.

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Longonjo Project Overview

Previous exploration identified 3 prospective targets within the Longonjo Project:

1. Catabola Copper Gold

• Includes Cassenha Hill copper target• Extensive surface trenching and under 

ground sampling show high grade copper target 

• Immediate drill ready targets 

2. Longonjo Rare Earth 

• Extensive trenching and sampling • High grade light rare earths project• 3.5km by 1.7km carbonatite similar to 

the Ngualla project held by Peak Resources Ltd (ASX:PEK )

• JORC resource standard definition drilling ready to commence

3. Bongo Gold Targets 

• 10km shear structure with gold in stream sampling 

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Cassenha Hill Copper Target

Recent site visit work by Dromana confirms a high grade Cu deposit at surface and depth

Prospective strike extension of at least 3.5kms, confirmed by gossans and fresh sulphides hosting anomalous copper values at “The Gully” to the north of Cassenha Hill

Recent surface sampling highlights:

• 15.25m @ 2.27% Cu (includes 2m at 3% Cu) 

• 16m @ 1.79% Cu (includes 4m @ 4.16% Cu) 

• 8.3m @ 1.62% Cu (includes 5m @ 2.28% Cu) 

• 50m @ 0.98% Cu (includes 21m @ 1.39% Cu)For

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Cassenha Hill – cross section

Adit 2 cross section: new sampling results highlighted in red, historical results are in black.

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Cassenha Hill – surface results

High grade copper results from the recent surface sampling program at Cassenha Hill.

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Cassenha Hill – Adit 2 results

Underground results from Adit 2 in the recent sampling program at Cassenha Hill.

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Longonjo Rare Earth Target

Adjoins the town of Longonjo in the north central portion of the project area. Exploration to date includes soil geochemical sampling programs with rock chip, trench and pit samples 

returning encouraging results with an average  grade 2.43% TREO, median grade 1.71% TREO and up to 18.9% TREO. 

Well delineated, sub‐cropping REE deposit with reasonable to high grade and potentially high tonnage associated with carbonatite intrusive. 

Footprint of 1.7km by 3.5km is open in several directions.

The REE elements present are from the Light Rare Earth Oxides (LREO) group.

Uranium and thorium levels are relatively low.

The project is well advanced and could be converted rapidly to a JORC compliant resource with some shallow to medium depth drilling.   F

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Longonjo REE Target

Longonjo REE project is open is several directions and ready for JORC compliant drilling

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Longonjo vs Ngualla

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Bongo Gold & Other Targets

Bongo Gold – 10km shear structure with gold identified in stream sampling, SRK report compares 

the target to the 5m oz Macraes Flat project in NZ.

Camambula Iron Ore ‐ ridge over 2km in length with mapping and magnetics showing a wide (up 

to 500m) hematite –magnetite sequence with thick gossanous zones and widespread brecciation

and alteration (pyritisation, hematisation, sericitisation).

Historical sampling at Camambula obtained iron grades between 10% and 64% Fe. 

The 3670 km2 Longonjo Project is largely unexplored but limited work in stream sediment surveys, 

remotes sensing and lineament analysis has already obtained significant and encouraging  results 

that warrant follow up in several new areas.

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Investment Summary

The 3,670km2 permit is located 70kms from the international airport of Huambo, and is traversed by a serviced rail line that runs to the deep water port of Benguala.

Numerous targets identified:

• Cassenha Copper Target• 15.25m @ 2.27% Cu (includes 2m at 3% Cu) • 16m @ 1.79% Cu (includes 4m @ 4.16% Cu) • 8.3m @ 1.62% Cu (includes 5m @ 2.28% Cu) • 50m @ 0.98% Cu (includes 21m @ 1.39% Cu)

• Longonjo REE Target• 19m @ 3.54% TREO• 17m @ 3.73% TREO • 16m @ 1.6% TREO

• Bongo Gold Targets

Experienced in country team with excellent government relationships.

Casshenha Hill and Longonjo REE Targets are both drill ready projects with near term JORC 

resource upside.

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Contact details

Gabriel ChiappiniNon‐ Executive Chairman(08) 9327 1777 or gabriel@laurus.net.au

Eric de MoriCorporate Advisor ‐ Cygnet Capital(08) 9226 5511 or em@cygnetcapital.com.au

www.dromanaltd.com.au

Rock chip DRC12 location which returned 7.15% Cu 

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