Intermin Resources LtdNEAR TERM GOLD PRODUCTIONE X EC U T I V E D I R EC TO R , M I C H A E L R UA N E - JA N UA RY 2 0 1 5

iadmin@intermin.com.au | Tel +61 8 9386 9534 ASX Code: IRC

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Disclaimer and Competent Persons StatementThis Presentation is provided on the basis that neither the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates,employees, representatives and advisers, make any representation or warranty (express or implied) as to the accuracy, reliability, relevance or completeness ofthe material contained in this Presentation and nothing contained in the Presentation is, or may be relied upon, as a promise, representation or warranty,whether as to the past or the future. The Company hereby excludes all warranties that can be excluded by law.

The Presentation contains prospective financial material which is predictive in nature and may be affected by inaccurate assumptions or by known or unknownrisks and uncertainties and may differ materially from results ultimately achieved.

All persons should consider seeking appropriate professional advice in reviewing the Presentation and all other information with respect to the Company andevaluating the business, financial performance and operations of the Company. Neither the provision of the Presentation nor any information contained in thePresentation or subsequently communicated to any person in connection with the Presentation is, or should be taken as, constituting the giving of investmentadvice to any person.

The information in this presentation that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiledby Mr David O’Farrell, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr O’Farrell is a consultant to InterminResources Ltd. Mr O’Farrell has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activitybeing undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, MineralResources and Ore Reserves’. Mr O’Farrell consents to the inclusion in the report of the matters based on his information in the form and context in which itappears.

Intermin Resources Ltd advises that resource parameters for the Teal, Menzies, Wiluna and Julia Creek Projects provided in this report are based on informationcompiled by Mr Simon Coxhell of CoxsRocks, for the Nanadie Well Project the information was compiled by Mr David O’Farrell, Mr Geoff Browne and Mr SimonCoxhell. All are Members of the Australasian Institute of Mining and Metallurgy, Mr O’Farrell, Mr Browne and Mr Coxhell are consultants to Intermin ResourcesLtd. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basisthat the information has not materially changed since it was last reported. Mr O’Farrell, Mr Browne and Mr Coxhell have sufficient experience that is relevant tothe style of mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves’. Mr O’Farrell, Mr Browne and Mr Coxhell consent tothe inclusion in this report of the matters based on their information in the form and context in which they appear.

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HighlightsFocused on developing a low risk, low capex and highly profitable open pit mine in Western Australia

Teal Gold Deposit is DME approved - Oxide Indicated Resource of 332,820t @ 3.04 g/t Au for 32,530 oz (>1 g/t Au)

Initial mine plan contains 166,215t @ 3.42 g/t Au for 16,809 oz (Using A$1,300/oz gold price)

Focused on financing and completing the last key steps to immediately commence mining

Simple free-dig truck and excavator operation to a depth of ~55m

Located 12km from Kalgoorlie and 15-55kms from existing 3rd party milling facilities

A$ Gold price steady while A$ production costs coming down (Gold price A$1,555 oz)

Pipeline of quality resource projects to advance toward commercial outcomes

Experienced management with track record of delivering value for shareholders

Strong News Flow 3

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Production in Sight4

FMR Greenfields Mill – Not the Property of IRC

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Corporate Information

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Non Executive Director

Robin Dean BEc

Company Secretary

Bianca Taveira

Chairman

Peter Hunt FCA

Executive Director

Michael Ruane PhD MRACI

Corporate Development

Lorry Hughes BSc MAusIMM

Exploration Manager

David O'Farrell BSc MAusIMM

Overview

Ordinary Fully Paid Shares on Issue 117M

Options Nil

Current Share Price - Last traded $0.06

Market Capitalisation $7.02M

Current Cash Position $1.10M

Investments – ASX Listed Entities $3.34M

Debt $0.86M

Top Twenty Shareholding 66%

Directors and Associates Shareholdings 41%

Tight Capital Structure - High Leverage to Success

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Corporate Strategy and Focus

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5. Richmond – Oil Shale, V+Mo, QLD – Defining metallurgical solution to unlock value

- Intermin 100% - (5.308 Bt Resource4 @ 0.375% V2O5, 312g/t MoO3) + 500-1,000 million barrels of oil target5

4. Wiluna – Gold/Calcine Tailings3 , WA – Metallurgical solution defined to unlock value

- Intermin 100% (Initial work has indicated >85% gold recovery, Proprietary Technology – seeking a Partner)

3. Menzies – Gold, WA – 75,000 oz Resource2 with strong potential to expand

- Intermin 100% (Continue to expand resource base and complete Scoping Study/Mining Proposal)

2. Binduli – Exploration – Strong potential to rapidly expand oxide resource base

- Intermin 100% (Grow resource and extend mine life eg. Stage 2- Peyes Farm (South Teal Extension) & Others

1. Binduli – Teal Gold Deposit, WA – Open pit gold production in <6 months

- Intermin 100% (DME Approved, contract mining & toll treatment of oxide ore1, initial mine life 8 months)

[1] See Binduli Resource Statement in Appendix[2] See Menzies Resource Statement in Appendix[3] See Wiluna Calcine Resource Statement in Appendix[4] See Julia Creek Resource Statement in Appendix[5] See ASX announcement 29 May 2013 and Appendix

Gold mining profits to fund larger projects

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Australian Gold Focus in a Well Known JurisdictionF

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Gold Outlook

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A$ Gold Price at Attractive Levels –A$ Cost Structure Reduced Dramatically

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PROJECTSBINDULI | MENZIES | WILUNA CALCINES

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Binduli – Teal Gold DepositExcellent Location to Third Party Infrastructure

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Binduli – Teal Gold Deposit continued

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Teal Mining Proposal DMP Approved, open pit oxide JORC Indicated Resource within (A$1,300/oz) initial pit designcontains 166,215t @ 3.42 g/t Au for 16,809oz;

Simple free-dig, truck and excavator operation to a depth of ~55m;

Located 12km from Kalgoorlie and 15-55kms from existing 3rd party milling facilities;

Enormous potential to expand oxide resource – eg. adjoining Peyes Farm Deposit* [7m @ 3.27 g/t, 5m @ 3.29 g/t, 6m @2.38 g/t Au] and at depth (25m @ 4.22g/t from 128m and 5m @17.8g/t Au from 269m);

Lower Au Cut-off(0.5 g/t)

TonnesAu Grade

(cut to 20g/t)Au Ounces

(cut to 20/g/t)

Indicated Oxide 332,820 3.04 32,530

Indicated Primary 568,250 2.34 42,752

Total 901,070 2.60 75,282

Resource contained with an optimised Pit Design (Oxide Only Au Price AUD1,300/oz)

Indicated Oxide 166,215 3.42 16,809

Operation is <8 months from Commencement to Completion

[1] See Binduli Resource Statement in Appendix* A Mineral Resource Estimate for the Peyes Farm Deposit is pending

Deposit is Open along Strike &

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Binduli – Teal Gold Deposit continued

12A Low Risk Open Pit Mining Operation

~30m pre-strip

~500m

ML26/346

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Binduli – Teal Gold Deposit Timeline

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Item Jan-15

Feb-15

Mar-15

Apr-15

May-15

Jun-15

Jul-15

Aug-15

Sep-15

May-16

Mining contract

Toll milling contract

Ore haulage contract

Pit re-optimisation/Resource Update

Decision to mine

Financing (Bring forward financing to bring forward production 3 months)

Environmental Bonds

Site clearing/works

Pre-strip mining

Commence grade control

Mining/milling

Completion

Achievable Timeline to Production

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Binduli – Teal Gold Deposit Physicals

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Item Value

Model Gold Price/oz (A$) 1,300

Current Gold Price/oz (A$) 1,555

Mined Oz Au (‘000) 18.67

Mined Au Grade (g/t) 3.42

Mill Recovery (%) 92.00

Oz Au Produced (‘000) 16.81

Initial Mine Life (Month) 8

Capex (A$ million) 6 Item Value

Total Ore Mined (t) 166,215

Total Material Mined (t) 3,275,924

Initial Strip Ratio (W:O) 18.9:1

Lower Grade Cut-off (g/t) 1.00

Upper Grade Cut-off (g/t) 20.00

Start-up Pit - Strong Potential to Expand Along Strike/Depth

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Menzies – Gold Project 5,604ha tenement area covering major portion of historic

Menzies goldfield, +20km of strike;

Historic Production – ~800,000 ounces including 902,000tonnes at 22g/t Au from IRC Tenements;

Existing Indicated Resource2 of 1.1Mt @ 2.04 g/t Au for ca75,000oz Gold - Pericles;

Strong potential to expand resources along strike & depth(eg. Unmined Big Babe Lode at Lady Shenton South – 2m @49.29g/t from 6m and 15m @ 4.67g/t from 101mdownhole);

Prospect located 80kms from existing 3rd party millingfacilities;

Continue systematic exploration of high grade ore shoots.

15Strong Potential for Resource Extension

[2] See Menzies Resource Statement in Appendix

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Wiluna Calcines – Gold Project

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Based on gold recovery from high grade previously roastedrefractory mill tailings;

New Technology developed by IRC via extensive pilot planttestwork from 2010-2013 recovering ~ 90% of contained gold;

Indicated Resource3 of 0.37Mt averaging 5.01 g/t Au for 66,000oz – other resources also available;

Pilot Scale Trials continuing to obtain design parameters for fullscale plant;

Plant design completion expected in 2015, Expected throughput20tph, Capex <A$21 million;

Opportunity to acquire additional calcine tailings deposits toexpand business;

Technology potentially applicable to recovery of other metalsfrom complex ores – Ni, Cu etc.

Intermin Calcine Tailings Pilot Plant, Perth WA

Complete Pilot Trials to Define Feasibility Study

[3] See Wiluna Calcine Resource Statement in Appendix

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Strong News Flow

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SummaryFocused on developing a low risk, low capex and highly profitable open pit mine in Western Australia

Teal Gold Deposit is ready to mine with strong potential to expand resources

Initial mine plan contains 166,215t @ 3.42 g/t Au for 16,809 oz (Using A$1,300/oz gold price)

Focused on financing and completing the last key steps to immediately commence mining

Early financing can bring forward production

JORC 2012 Resource and pit re-optimisation in February 2015

Simple free-dig truck and excavator operation to a depth of ~55m

Contract mining, haulage and toll milling is a proven low cost entry into profitable mining

A$ Gold price steady while A$ production costs coming down (Gold price A$1,555 oz)

Opportunity to increase IRC’s Net cash position significantly in the near term

Experienced management with track record of delivering value for shareholders

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Contact Information

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Michael Ruane Phd MRACI Executive Director Lorry Hughes BSc (Geology) MAusIMM Corporate Development

Telephone +61 (08) 9386 9534Facsimile +61 (08) 9386 9473Email iadmin@intermin.com.auPostal Address PO Box 1104 Nedlands WA 6909Office Address 159 Stirling Highway Nedlands WA 6009ACN 007 761 186ABN 88 007 761 186

ASX Code: IRC

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Appendix – Additional ProjectsRichmond Oil Shale, Vanadium + Molybdenum Project

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Located 50km north of Richmond QLD, granted tenements covering 2,300km2;

Oxide JORC compliant Measured, Indicated & Inferred Resource4 of 5.308 billion tonnes grading 0.375% V2O5

+ 295g/t MoO3 including the high-grade Lilyvale Resource;

87.7Mt grading 0.55% V2O5 + 384g/t MoO3;

Potentially very large Oil Shale Resources recoverable via Open Pit mining 15-60 metres depth;

Conceptual Target* 500-1,000 million barrels of oil (see ASX announcement 29 May 2013);

IRC retains ownership of metal values in the Julia Creek tenements held by Global Oil Shale plc (see ASXannouncement 29 May 2013);

Metallurgical Testwork on upgrading oil shale in progress.

* Note: All references to Conceptual Targets in this document are in accordance with the guidelines of the JORC Code (2004). As such the potential quality and grade of the ExplorationTargets outlined are 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 aMineral Resource. The Information in this document relating to an Exploration Target for the Richmond Oil Shale Project was first disclosed to the ASX on 29 May 2013 under the JORC Code2004. It has not been updated since to comply with the JORC 2012 Code on the basis that the information has not materially changed since last reported.

[4] See Julia Creek Resource Statement in Appendix

Very Large Project Requiring Strategic Partner

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Appendix – Additional ProjectsRichmond Oil Shale, Vanadium + Molybdenum Project continued

20Very Large Project Requiring Strategic Partner

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Appendix – Additional ProjectsNanadie Well Project Cu/Au Project 100% - MTH Earning 75%

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Located 100km south east of Meekatharra, WA comprising 167km2;

Mithril Resources Ltd (ASX: MTH) have right to earn 75% by expenditure of$4.0M;

IRC September 2013 JORC Inferred Resource5 – 36.07Mt @ 0.42% Cu and0.064g/t Au for 150,000 tonnes Cu + 74,000oz Au;

The Stark Cu-Ni-PGE Prospect recently confirmed by Mithril as anemerging discovery (see ASX announcement dated 20 January 2015);

16m @ 0.81% Cu, 0.09% Ni and 0.39% PGE’s from 183m downholeincluding;

4m @ 1.91% Cu, 0.18% Ni and 0.96g/t PGE’s;

Mineralisation intersected in first drilling of two ground EM Conductors;

New intercepts are open in all directions;

Ongoing exploration by Mithril;

Diamond drilling to start in the current quarter.

Additional Upside

[5] See Nanadie Well Resource Statement in Appendix

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Appendix – JORC Resource & Reserve Statements

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[1] Binduli Resource Statement and Disclaimer Resource CategoryLower Au Cut-off (0.5 g/t)

Tonnes Au Grade (g/t uncut)

Au Ounces(uncut)

Au Grade(cut to 20g/t)

Au Ounces(cut to 20/g/t)

Indicated Oxide 494,280 2.22 35,278 1.97 31,306

Indicated Primary 947,375 2.27 69,140 1.98 60,307

Total 1,441,665 2.25 104,418 1.98 91,613

The current Binduli Mineral Resource Estimate was compiled in July 2010 (see ASX announcement 29 July 2010) by Mr Simon Coxhell of Coxsrocks from information provided by Mr DavidO’Farrell. Both are Members of the Australasian Institute of Mining and Metallurgy and are consultants to Intermin Resources Ltd. This information was prepared and first disclosed under theJORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Mr Coxhell and MrO’Farrell have sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Personas defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves’. Mr Coxhell and Mr O’Farrell consent to the inclusion in thisreport of the matters based on their information in the form and context in which they appear.

Grade Range Au g/t Tonnes (1) Grade A g/t (2) Grade B g/t (3) Tonnes CUM

(4) Grade Ag/t (5)

Ounces A (6)

Grade B g/t (7)

Ounces B (8) Notes

10 – 100 16,358 14.67 6.49 16,358 14.67 7,715 6.49 3,413 (1) Indicated Resources

5 – 10 63,744 6.47 4.76 80,102 8.14 20,964 5.11 13,160 (2) Uncut gold grade g/t

2 – 5 381,005 2.83 2.59 461,107 3.76 55,743 3.03 44,920 (3) Gold grades cut to 20g/t

1 -2 679,987 1.42 1.38 1,141,094 2.36 86,583 2.04 74,843 (4) Cumulative Tonnes

0.5 – 1 566,246 0.72 0.71 1,707,341 1.82 99,905 1.60 87,829 (5) Cumulative grade g/t Au

0 – 0.5 276,173 0.35 0.35 1,983,514 1.61 102,674 1.43 91,195 (6) Contained ounces - uncut

(7) Cumulative Grade upper cut of 20g/t Au Inferred Mineral Resource Estimate (8) Contained ounces based on a cut to 20g/t

1 -2 679,987 1.42 1.38 1,141,094 2.36 86,583 2.04 74,843 (9) In Situ Bulk Density assumed 2.4T/m3

The current Menzies Mineral Resource Estimate was compiled in March 2012 (see ASX announcement 30 March 2012) by Mr Simon Coxhell of Coxsrocks from information provided by Mr DavidO’Farrell. Both are Members of the Australasian Institute of Mining and Metallurgy and are consultants to Intermin Resources Ltd. This information was prepared and first disclosed under theJORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Mr Coxhell and MrO’Farrell have sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Personas defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves’. Mr Coxhell and Mr O’Farrell consent to the inclusion in thisreport of the matters based on their information in the form and context in which they appear.

[2] Menzies Resource Statement and Disclaimer

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Appendix – JORC Resource & Reserve Statements

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[3] Wiluna Calcine Tails Resource Statement and Disclaimer Resource Category Tonnes Au Grade(uncut)

Au Ounces(uncut)

Indicated Stockpiled Calcines 372,215 5.01 65,778

The Wiluna Calcine Tailings Project was purchased from Apex Gold Pty Ltd in 2011 for $1,480,000. and comprises a calcine tailings stockpile derived from cyanidation of roasted sulphideconcentrates produced prior to WW11 from Wiluna refractory gold ores (see ASX announcement 20 June 2011). The current Wiluna Calcine Tails Mineral Resource Estimate was compiled inSeptember 2010 by Mr Simon Coxhell of Coxsrocks from information provided by Mr Geoff Browne. Both are Members of the Australasian Institute of Mining and Metallurgy and are consultantsto Intermin Resources Ltd. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that theinformation has not materially changed since it was last reported. Mr Coxhell and Mr Browne have sufficient experience that is relevant to the style of mineralisation, type of deposit underconsideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration, Results, MineralResource and Ore Reserves’. Mr Coxhell and Mr Browne consent to the inclusion in this report of the matters based on their information in the form and context in which they appear.

[4] Julia Creek – Richmond Resource Statement and Disclaimer

Category Tonnage (Mt) %V2O5 g/t MoO3 Notes

Measured (1) 204 0.40 300 (1) St Elmo Western tenement block Resource/Grade

Indicated (1) 1,032 0.40 311 (2) Alisona Eastern tenement block Resource/Grade

Indicated (2) 2,890 0.35 290 (3) Lilvale Eastern tenement block

Indicated (3*) 410 0.44 332

*including 87.7 0.55 384

Inferred (1) 772 0.39 385

TOTAL 5,308 0.375 312

The initial Julia Creek – Richmond Mineral Resource Estimate was compiled in 2007 and subsequently updated to its current form by Mr Simon Coxhell of Coxsrocks from information provided byMr David O’Farrell. Both are Members of the Australasian Institute of Mining and Metallurgy and are consultants to Intermin Resources Ltd. This information was prepared and first disclosed underthe JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported. Mr Coxhell and MrO’Farrell have sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person asdefined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves’. Mr Coxhell and Mr O’Farrell consent to the inclusion in this reportof the matters based on their information in the form and context in which they appear.

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Appendix – JORC Resource & Reserve Statements

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[5] Nanadie Resource Statement and Disclaimer

The current Nanadie Mineral Resource Estimate was compiled in September 2013 (see ASX announcement 19 September 2013) by Mr Simon Coxhell of Coxsrocks from informationprovided by Mr David O’Farrell. Both are Members of the Australasian Institute of Mining and Metallurgy and are consultants to Intermin Resources Ltd. This information was preparedand first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since itwas last reported. Mr Coxhell and Mr O’Farrell have sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that heis undertaking to qualify as a Competent Person as defined in the 2004 edition of the ‘Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves’. MrCoxhell and Mr O’Farrell consent to the inclusion in this report of the matters based on their information in the form and context in which they appear.

Resource Category Tonnes (Mt) Cu (%) Au (ppm) Contained Cu metal (t) Contained Au (oz)

Inferred 36.07 0.42 0.064 151,506 74,233

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