Antipodes Gold AXG: April Introduction

Introduction to Strategy and Technical Program

Thomas Rabone, 7 April 2014

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Disclaimer and Qualified Person

Statements contained within this presentation, other than statements of historical fact, are “forward-looking information” with respect to Antipodes Gold Limited (“Antipodes Gold”) within the meaning of applicable Canadian securities laws. Such forward-looking information is subject to risks and uncertainties which could cause actual results to differ materially from results. Antipodes Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking information.

(1) For further details on WKP, including determination of grade, cut-off, metallurgical recovery factors, assay quality control and assurance, and data verification and etc relating to the estimate, please view the NI 43-101 technical report entitled ‘Technical Report On The Mineral Resource Estimate For The Wharekirauponga Project, New Zealand’, dated 05 July 2013, prepared by RPA filed on SEDAR (www.sedar.com) The author is independent and a “Qualified Person” as defined by NI 43-101.

(2) Mr Simon Henderson, MSc Geology (CODES), an AusIMM Chartered Professional under the Discipline of Geology; is a Qualified Person as defined by National Instrument 43-101 and an employee of the Company, and has reviewed and approved the contents of this presentation.

All currency is quoted in Canadian dollars.

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Antipodes Gold: Overview

1. Revised and focused company.• Deliverable objectives, fresh leadership, compelling asset, skilled team.

2. Strong asset, strategic development path.• WKP has high grade and scalable gold mining potential with established infrastructure,

partnership and pathway-to-mine.

• Mining neighbour Newmont now at 65%, program sees Antipodes Gold taking

management control during earn-back to 51%.

3. Clear development target. • Significant, geologically continuous and under-drilled vein structure with high-grade

potential matching regional mines.

• 5,000m DDH program proposed to infill, extend and enhance potential resource – goal

is definition of near-mine, higher grade resource as a keystone of WKP development.


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Antipodes Gold: Company Evolution

• Before March 2014, Antipodes was Glass Earth Gold – a junior gold explorer founded in 2002, listed Toronto TSX.V 2005, and New Zealand NZAX 2006.

• The strategy of Glass Earth Gold: undertaking greenfields scientific exploration and project generation, with selective targeting of new prospects throughout New Zealand’s historic goldfields.

• Antipodes Gold has undertaken a change of management and renegotiated its key JVA, and is now a company tightly focused on development and definition of one of Glass Earth Gold’s early high-ranking targets – WKP.


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Revised Board and Management:

• Adrian Fleming BSc (Hons), MAusIMM (CP) – Chairman (March 2014):40 years geological exploration and successful project development (Underworld Resources, Prosperity Goldfields).

• Thomas Rabone LLB/BCom – CEO (March 2014):Background in transaction/commercial law, negotiation and management, and New Zealand gold mining.

• Simon Henderson MSc, MAusIMM (CP) – Director and Exploration Manager: 35 years experience in gold exploration, supporting mine developments at Waihi (New Zealand) and Tanami (Australia).

• Justin Cochrane CFA – Non Executive Director:Background in investment banking and transaction advice, EVP at Sandstorm Gold/Metals and Energy.

• Peter Liddle BCom, CA – Company Secretary:30 years in financial services industry with focus on listed Australasian resources companies.


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Capital Structure:

• Shares outstanding:10,566,559• Trading price: $0.055• Insider holding: 2%

• Key shareholders:

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New Zealand

Accident Compensation CorporationTattersfield Securities LimitedWoolwich International Holdings LimitedAuriferous Mining Limited

International

Sprott Asset Management Galena Capital PartnersWorldover CapitalErnesto Echavarria

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Key Property LocationNew Zealand’s Hauraki Goldfield – 10.65 Moz Au historical epithermal gold production.

Historic Gold Occurrences

Antipodes Gold Joint

Venture Permits

0 km 20

WKP Gold Project:Antipodes Gold 35%Newmont Waihi Gold 65%

• Acquired by Glass Earth Gold as key target 2006,

• Newmont earn-in to 65% through regional and target exploration.

• 150 km to Auckland International Airport,

• 20 km to Waihi Gold operations.

Golden Cross Gold Mine: 662 koz Au 1991-1998

Thames Goldfield: 1.4 Moz Au 1864-1940

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Auckland

Thames Goldfield 1.4M oz , 1864-1940,Reference Mineral Deposits of New Zealand Monograph 13, AUSIMM 1989.The Hauraki Goldfield, Mineralisation and Recent Exploration RL Brathwaite, AB Christie, DNB Skinner, NZGS 1987. Gold Cross Mine 662,000 oz from 5,1367,300 t ore 1991-1998 (Combined historic and recent mining) 775,000 oz gold and 2.3M oz silver. At closure estimated resources 350,000 t @ 5 g/t ~ 56,000 oz gold remaining) Geology and Exploration of New Zealand Mineral Deposits Monograph 25, AUSIMM 2006The Golden Cross Epithermal Au-Ag Deposit, Hauraki GoldfieldJL Mauk, A Purvis.

Newmont Waihi Gold: Martha, Favona, Trio and Correnso Mines

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Newmont Waihi GoldProgressive underground high-grade development, restricted resource pipeline.

2. Favona and Moonlight: 2006-2012: 409 koz @ 8.2 g/t Au

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0 km 1

N

3. Trio:2012-present: 54 koz @ 5.4 g/t AuP+P Reserves: 66 koz @ 9.0 g/t Au

4. Correnso:2014-onwards:Inferred Resources: 191 koz @ 10.4 g/t AuIndicated Resources: 154 koz @ 12.7 g/t Au

1. Martha:1882-1952, 4.93 Moz Au.1982-present, open pit, 2.41 Moz Au.7.34 Moz Au to date

New U/G Development

Vein Structures

Antipodes Gold Permit

Mineral Resource and Reserve Estimates as reported by Newmont on 20/02/2104 for 2013 Annual Report

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Key Property Location – WKP10 km NNW of Newmont Waihi operations, in the southern Hauraki Goldfield.

0 km 2

N

Golden Cross Gold Mine

Newmont Waihi Gold Mines

WKP Gold ProjectAntipodes Gold 35%Newmont 65%

Sealed road and power to Waihi


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The WKP Joint VentureFrom 2010 Newmont earns 65% of JV through regional and target exploration.

MagneticsResistivity

JV Drilling

Legacy Drilling

Magnetic LowBoundary

Drainages

• 1978-1993: 5,500 m previous drilling by Amoco, BHP, ACM targeting eastern stockwork zone.

• 2010-2013: 7,607 m DDH drilling by JV targets new resistive structures within magnetic low.

N

0 km 1

Low

H

igh


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T Stream Vein Structureselected highlights: WKP24 5 m @ 13.49 g/t Au incl 0.8 m @ 49.8 g/t AuWKP25 15 m @ 8.58 g/t Au incl 0.8 m @ 94.8 g/t Auall high grade intercepts table 14-6

Resource Blocks

T Stream Vein

JV Drilling

Legacy Drilling

Magnetic Low

Drainages

N

0 km 1

NE Vein Stockwork

selected broad low grade intersection:WKP26 151.0 m @ 1.2 g/t Au

Included within T-Stream Fw Domain:Western Zone*

selected high grade intercept:WKP29 3.2 m @ 37.0 g/t Au

Eastern Graben (EG) Vein Breccia*

selected high grade intercept:WKP 6.6 m @ 4.4 g/t Au

Drilling HighlightsJV drilling in 2010-2013 makes fresh discoveries with high-grade potential.

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For further details on WKP, including determination of grade, cut-off, metallurgical recovery factors, assay quality control and assurance, and data verification etc relating to these estimates, please view the NI 43-101 technical report entitled ‘Technical Report On The Mineral Resource Estimate For The Wharekirauponga Project, New Zealand’, dated 29 July 2013, prepared by Roscoe Postle Associates Inc. and filed under Antipodes Gold’s Issuer Profile on SEDAR (www.sedar.com). The author is independent of Antipodes Gold and is a “Qualified Person” as defined by NI 43 -01.

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Resource Blocks

T Stream Vein

JV Drilling

Legacy Drilling

Magnetic Low

Drainages

N

0 km 1

July 2013: Estimating WKP ResourcesNI-43101 report: Initial Inferred Resources; upside perceived, drilling endorsed.

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T Stream Vein Structure

890,000 t @ 6.9 g/t Au, 197,000 oz Au“A significant mineral discovery that merits further drill testing along strike and along its up- and down-dip extensions” (1)

NE Vein Stockwork330,000 t @ 4.5 g/t Au, 53,000 oz Au

Included within “T-Stream Fw” Domain:Western Zone*

90,000 t @ 9.7 g/t Au, 27,000 oz Au

Eastern Graben (EG) Vein Breccia*90,000 t @ 4.4 g/t Au,13,000 oz Au

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For further details on WKP, including determination of grade, cut-off, metallurgical recovery factors, assay quality control and assurance, and data verification etc relating to these estimates, please view the NI 43-101 technical report entitled ‘Technical Report On The Mineral Resource Estimate For The Wharekirauponga Project, New Zealand’, dated 29 July 2013, prepared by Roscoe Postle Associates Inc. and filed under Antipodes Gold’s Issuer Profile on SEDAR (www.sedar.com). The author is independent of Antipodes Gold and is a “Qualified Person” as defined by NI 43 -01. (1) NI 43-101 Page 7-12.

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T-Stream Program UpsideUnconstrained with strong geologic continuity, >75% of interpreted structure untested.

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T-Stream Long Section

Plan View

??

A

A’

A

A’

B

B’

Cross-Section

B’B

Current Resource Outline

JV Drill Traces: 11/12 intercepted

Potential Drill Traces: 5,000 m DDH

T-Stream: interpreted vein structure

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February 2014: Rebooting the JVAAntipodes Gold has clear pathway for resource and company development.

• Antipodes Gold/Newmont JVA successfully renegotiated March 2014:• Direct control and steerage: Antipodes to take over as JV manager.• Accelerate project and grow stake: sole-fund of proposed 5,000 m

DDH program forecast to take Antipodes to 51%.• Newmont claw-back election once at 49% - stake re-earned

through 3x spending.

• Fundamental change to company direction – allows strong ongoing collaboration, and project generation opportunities.

• Work starts at the T-Stream Vein Structure.


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• Goals of technical program: • increase tonnage of estimable high

grade Mineral Resource, • improve status of NI 43-101

assessment confidence,• complete preliminary economic

assessment (PEA).

• Resource delineation/market communication goals:

T-Stream Program$4M budgeted for 5,000 m DDH program and resource estimation in 2014-2015.

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June 2014 January 2015 June 2015

Drilling commences: goal two holes per month Resource estimate revision

Metallurgy, engineering, and environmental assessment

Preliminary economic studies

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ConclusionAntipodes’ objective in launching the T-Stream technical program is to improve and grow definition of mineral resources at WKP, in order to provide:

1. direct investor upside by growing estimable ounces and their quality,

2. a clear path-to-mine through confirmation of Newmont-ready resources, and

3. an enhanced understanding of the wider potential of the WKP system.

For more information please visit antipodesgold.com,

or contact [email protected]


mailto:[email protected]

mailto:[email protected]

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Summary Features

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O/C quartz veins WKP

Drill core WKP35

Electrum (gold/silver) WKP29

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Feature Details

High grade: Inferred Resource estimate 2013: 260,000 oz @ 6 g/t Au

Target vein structure: T-stream quartz breccia: example intercept highlights 5 m @ 13, 15 m @ 9 g/t Au

Size: 25% structure tested to date, strong exploration upside

Geology: Adularia-sericite epithermal vein

District: 50 gold deposits, 10 M oz Au Martha gold mine operating within 10 km (Newmont)

Metallurgy Native gold/electrum, argentite, arsenopyrite and chalcopyrite, studies planned.

Mineability High grade underground T-Stream vein breccia, similar to Martha/Favona/Golden Cross underground systems, studies planned.

Infrastructure Egress via tar sealed road and power to within 3 km

Processing Plant 10 km from Newmont plant, processing rights via JV

Environmental Government-owned "Forest Park", under DoC stewardship. Public support for sustainable and productive developments

Jurisdiction Stable, safe and skilled. Fraser Institute Survey of Mining Companies: ranking #14/112 mining jurisdictions

Time Mine decision within 36 months. Permitted drilling to commence immediately

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NI 43-101 Report Table 14-5Mineral Resource Report by Cut-off Grade, May 31, 2013


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NI 43-101 Report Table 14-6Mineral Resource Report by Vein/Domain, May 31, 2013


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• $4M budgeted for 5,000m DDH program ending June 2015.• G&A currently estimated at 18% of total in-ground

expenditure.

Technical Program BudgetAntipodes Gold – WKP Project – 06/2014 to 06/2015

Item C$ 000's

Direct drilling costs (5,000 m at $320/m) 1,600

Drill access costs 800

Sample and analytical costs (2,200 at $50 each) 110

Metallurgical testwork 50

Environmental work 100

Land and Legal costs 200

Scoping Study 100

Admin and other logistical costs 400

Sub-total 3,360

Contingency (10%) 336

Total $3,696


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Antipodes Gold AXG: April Introduction