A NEW GOLD AND COAL EXPLORER CORPORATE UPDATE · * Stratum’s coal interests are held in an 80/20 joint venture with State Resources. Stratum plan to spend $250,000 on exploration

A NEW GOLD AND COAL EXPLORERCORPORATE UPDATE

MARCH 2012

ASX: SXTSTRATUMMETALS.COM.AU

8 MARCH 2012 2

DISCLAIMER

This presentation may contain certain forward looking statements and projections regarding:

• estimated, resources and reserves;

• planned production and operating costs profiles;

• planned capital requirements; and

• planned strategies and corporate objectives.

Such forward looking statements/projections are estimates for discussion purposes only and should not be relied upon. They are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Stratum Metals Limited. The forward looking statements/projections are inherently uncertain and may therefore differ materially from results ultimately achieved.

Stratum Metals Limited does not make any representations and provides no warranties concerning the accuracy of the projections, and disclaims any obligation to update or revise any forward looking statements/projects based on new information, future events or otherwise except to the extent required by applicable laws.

The information in this presentation that relates to Exploration Results and planning is based on information compiled by Todd Axford, who is a member of the Australasian Institute of Mining and Metallurgy. Todd Axford is a contracted employee of the company, and has sufficient experience relevant to the styles of mineralisation and type of deposit under consideration and to the activity he is undertaking, to qualify as a Competent Person as defined in the December 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Todd Axford consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

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VISION

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MILESTONES

IPO OCTOBER 2011

RAISED $4M OVERSUBSCRIBED

INITIAL HIGH GRADE DRILLING RESULTS

INCORPORATED STRATUM COAL PTY LTD

NEW TENEMENT ACQUISITIONS

NATIVE TITLE AND COAL APPLICATION GRANTED IN THE CANNING BASIN

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CORPORATE SNAPSHOT

IPO Lead: E.L. & C. Baillieu Stockbroking Ltd

Initial Public Offering ($0.20 per share) 20,000,000

Total Shares on Issue 41,150,003

Options on Issue (25c & 35c)* 6,000,000

Implied market capitalisation on listing - 28 Oct 2011 ~A$8,230,000

Implied market capitalisation - at 24 Feb 2012 ~A$7,818,500

Intra-day trading range - Oct 2011 to Feb 2012 ~A$0.17 - $0.24

Cash - at 31 Jan 2012 ~A$3,000,000

MARKET STATUS

*Options are split as follows; 750,000 at 25c and 750,000 at 35c for each director.

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INVESTMENT THESIS

1. STRATUM ARE FULLY FUNDED OFFERING EARLY STAGE EXPOSURE TO AN EXCITING PORTFOLIO OF GOLD AND COAL ASSETS

2. WHY MIX GOLD AND COAL?“Stratum’s gold assets have potential for earlier production and might be a precursor to the main event - raising capital to develop the more costly Canning Basin” — Tony Featherstone IPO watch, AFR 22 September 2011

3. HIGH GRADE GOLD DISCOVERED AT STRATUM’S GIDGEE PROJECT

4. EXPOSURE TO THE EMERGING CANNING BASIN COAL REGION OF WA

5. DIRECTORS HAVE A PROVEN TRACK RECORD DELIVERING VALUE FROM EARLY STAGE MINING COMPANIES

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EXPERIENCED TEAM

MARTIN HOLLAND CO-FOUNDER AND MANAGING DIRECTOR

• Successfully founded, managed and developed several highly profitable businesses

• Strong working relationships with leading institutions and banks across Australia and Asia Pacific

TODD AXFORD TECHNICAL MANAGER

• Member of the Australian Institute of Mining and Metallurgy and Australian institute of Geoscientists

• Senior geologist at Mount Gibson Iron and Exploration manager for Australasian Resources Limited

RICK ANTHON NON-EXECUTIVE CHAIRMAN

• 25 years experience in corporate and commercial law (particular expertise in mining exploration, mineral development and energy sectors)

• Current board member of two ASX listed companies

MICHAEL ADDISON NON-EXECUTIVE DIRECTOR

• Founding Director and current Chairman of Carabella Resources Limited

• Positions with three global investment banks where he was involved in a number of capital markets transactions with Australian resources companies (most recently corporate advisor to the IPO of Endocoal)

KENT HUNTER NON-EXECUTIVE DIRECTOR

• Over 16 years corporate and company secretarial experience, involved in listing over 30 companies on the ASX in the past 9 years

• Experience with Cazaly Resources, Carbon Conscious, Western Manganese and a number of other ASX listed companies

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ASSET LOCATIONS

CANNING BASIN COAL

Initial Drilling program to commence, close to ASX listed Rey Resources “REY” 535MT thermal coal deposit

GIDGEE GOLD

RC Drilling completed with positive intersects, Stage 2 RC 6,200m program to commence April 2012

Surrounded by ASX listed Panoramic Resources “PAN”

WESTERN AUSTRALIA

PINYALLYING

BANNOCKBURN

LAVERTON

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GIDGEE GOLD PROJECT

• 100% owned by Stratum and located 640 kilometres northeast of Perth on the Gum Creek Greenstone Belt (historic production >1Moz)

• Project is close to existing civil and mining infrastructure

• Located 35 kilometres from Panoramic Resources Gidgee Gold Mill (ASX:PAN Market Cap ~ A$261m as at 24 February 2012

WESTERN AUSTRALIA

ASX: PAN IS COMPLETING 10,000M OF RC DRILLING PLUS A 45,000M AIR CORE PROGRAM TO DEFINE ~500KOZ GOLD RESOURCE AT GIDGEE (TO SUPPORT A TARGETED 100K OZPA PRODUCTION FROM MID 2014)

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GIDGEE GOLD PROJECT

GOLD UP TO 60.90 G/T

MAIDEN RC DRILLING

17-hole (1,800m) RC drilling program with hole depths to 160m completed at Gidgee North and results announced December 2011

GOLD DRILLING SUCCESS

Stratum’s flagship maiden drilling program was a success generating high grade gold intercepts (up to 60.90 g/t)*

* Refer slide 11 and ASX release dated 6th December 2011

STAGE 2 RC DRILLING PROGRAM TO COMMENCE

6,200m planned to test along strike and below defined mineralisation. Angled hole depths to extend to 250m

HIGH-GRADE INTERSECTIONS @ SHALLOW DEPTHS FOR EXAMPLE: 8M AT 8.89 G/T FROM 41M)*

E 5301494

P 5301552

P 5301554P 5301553

LEGEND

Stratum TenementTrackContoursWater Courses

NORTH

Projection: MGA94 Zone 50

<

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GIDGEE GOLD PROJECT

POSITIVE RESULTS INDICATING OPEN CUT MINEABLE MINERALISATION, OPEN AT DEPTH AND ALONG STRIKE*

• 8m at 8.89 g/t gold (including 1m at60.90 g/t), 4m at 4.25 g/t gold and1m at 11.25 g/t gold in hole GWRC010 from 41m

• 3m at 5.02 g/t gold in hole GWRC005 from 76m

• 6m at 4.35 g/t gold and 3m at 1.77 g/t gold in hole GWRC013 from 95m



• 6m at 2.50 gold in hole GWRC008 from 55m

• 3m at 2.36 g/t gold in GWRC012 from 71m


*Refer to ASX release dated 6th December 2011 for location and hole orientation data related to the above mentioned results

MINERALISATION TREND LINES

MODELLED MINERALISATION (>0.7 G/T AU)

PLANNED HOLE TRACES

STRUCTURES INTERPRETED FROM MAGNETIC DATA

INTERPRETED TREND OF MAIN MINERALISATION

PLANNED HOLE COLLAR POSITIONDRILLED HOLE COLLAR POSITION

NORTH

GERMAN WELL SOUTH PROSPECT

<

PLAN VIEW OF MINERALISATION MODELLED FROM CURRENT GOLD ASSAY DATA

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GIDGEE GOLD PROJECT

CLOSE TO INFRASTRUCTURE WITH ACCESSIBLE ROAD TO GIDGEE GOLD MILL

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STRATUM COAL

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CANNING BASIN COAL

• Largest onshore sedimentary basin in Western Australia. Located 150 kilometres southwest of the port of Derby in the Kimberley

• Previous exploration by Rio Tinto (ASX: RIO), overlaps part of Stratum’s current project area

• By 2017, estimates suggest that India will require over ~ 1 billion tonnes of coal p.a. a shortfall of ~ 265 million tonnes*

*Source: http://www.bloomberg.com/news/2011-11-30/india-s-coal-demand-expected-to-rise-41-in-five-years-to-2017.html

9 DAYS CLOSER TO INDIA BY SHIP THAN THE GALILEE BASIN

FINGAL BASIN

CANNINGBASIN

ARCKARINGABASIN

BASIN OF THE LEIGH CREEK COAL FIELD

OTWAY BASIN

GIPPSLAND BASIN

SYDNEY BASIN

SURAT BASIN

GALILEEBASIN

BOWEN BASIN

OAKLANDSBASIN

PERTHBASIN

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CANNING BASIN — STRATUM COAL PTY LTD

• Acquired two additional prospective thermal coal tenements in the Canning. Tenements located adjacent to existing holdings (E04/2160 to the North and E04/2161 to the south)

• Rights to ~ 700 km2 of coal prospective land located within the Canning Basin

• Interests less than ~ 20 kilometres from Rey Resources (ASX:REY) Duchess Paradise Project

• Heritage Protection, Native title and Granting Agreements finalised**

* Stratum’s coal interests are held in an 80/20 joint venture with State Resources. Stratum plan to spend $250,000 on exploration in fulfilment of its obligations to obtain a 60% interest in this tenement and, subject to positive results, an additional $750,000 on exploration in the second year to obtain an 80% interest. ** The Heritage Protection Agreement was finalised between Stratum, State Resources and the Kimberly Land Council on behalf of the Nyikina Mangala group. With the Heritage Protection Agreement finalised, Stratum is able to progress with exploration of prospective thermal coal projects. An extensive desktop study is underway.

CLOSE TO TRANSPORT INFRASTRUCTURE, WITH ROAD ACCESS TO THE TENEMENTS

REY’S DUCHESS PARADISE PROJECT HOSTS AN INFERRED RESOURCE OF 535 MILLION TONNES OF COAL

LEGEND

SXT TenementsAccess RoadsHighways RoadsDrainage Course

NORTH


<

E 0402124

E 0402160

E 0401993

E 0402161

≤ DERBY (APPROX 150KM)

REY RESOURCES LIMITED DUCHESS PARADISE COAL PROJECT 535Mt COAL RESOURCE

E 0402125

Great Northern Highway

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CANNING BASIN COAL DRILLING PROGRAM

• Stage 1 reconnaissance drilling announced 23rd February 2012.

• Nine-hole, ~AUD $500K, 2,700m program to evaluate coal prospectivity*.

• Southern drilling of E04/1993 (six holes) and soon to be granted tenement E04/2161 (one hole) to assess the Lightjack Formation of the Late Permian Liveringa Group.

• Northern drilling of two tenements (one hole each in E04/2124 and E04/2160) to assess whether the Duchess-Paradise P1 Seam is developed to a potentially economic thickness.

*Excludes cultural heritage costs

MAIDEN DRILLING CAMPAIGN TO COMMENCE NEARBY DUCHESS-PARADISE 535 MT THERMAL COAL DEPOSIT

THE FITZROY TROUGH SIMPLIFIED GEOLOGY AND STRUCTURE

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CANNING BASIN PROPOSED DRILL HOLES

SOUTHERN TENEMENTS

LEGEND

Stratum Metals Tenement Traditional Owner Boundary Aboriginal Heritage SitesFormer Rio Tinto Terement BoundaryHistorical Drill Hole (From: Rio Tinto Plan No: WAp46049Historical Drill Hole (From: Rio Tinto Plan No: WAp46049Petroleum WellRio Tinto Drill Hole (2003)Proposed Stratum Metals Drill Hole

NORTH


<

NORTHERN TENEMENTS

LEGEND

Stratum Metals Tenement Traditional Owner Boundary Major WatercourseMinor WatercourseContoursRoadHighwayProposed Access TracksProposed Stratum Metals Drill Hole

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CONCLUSION

STRATUM IS IN A PERFECT POSITION TO CONTINUE TO EXPAND ON OUR HIGH GRADE GIDGEE GOLD PROJECT; WHILST HAVING THE POTENTIAL TO ACCOMMODATE INDIA’SMASSIVE APPETITE FOR THERMAL COAL.

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CONTACTS

MARTIN HOLLAND FOUNDER AND MANAGING DIRECTOR

[email protected] 747 747 / +61 2 9276 1245

RICK ANTHON NON-EXECUTIVE CHAIRMAN

[email protected] 751 299

MICHAEL ADDISON NON-EXECUTIVE DIRECTOR

[email protected] 579 278

KENT HUNTER NON-EXECUTIVE DIRECTOR

[email protected]+61 8 9388 8041

Documents

A NEW GOLD AND COAL EXPLORER CORPORATE UPDATE · * Stratum’s coal interests are held in an 80/20 joint venture with State Resources. Stratum plan to spend $250,000 on exploration