2 - Mawson West Ltd.

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“Discovering and Developing High-Grade

Resources in Central Africa”

DISCLAIMER and CONFIDENTIALITY

This presentation contains historical and forward-looking statements. The forward looking statements involve risks and uncertainties particularly with respect to resources and development plans, political events and operational capabilities. Forward looking statements appearing in this presentation represent management’s current estimates and these may change significantly as new information comes to hand.

The information contained in this presentation has been obtained by

Mawson West from its own records and from other sources believed to be reliable, however no representation or warranty is made as to its accuracy or completeness.

The contents of this presentation are confidential, commercial in confidence and for the sole use of the potential investor it is provided to by the company or its adviser.

MAWSON WEST – PRIVATE PUBLIC COMPANY

Business Focus

Other Australian projects

And JV’s

Country of Operation

Copper/Gold - Africa

Development & Exploration

Golden Mile South – 75-100% MWE

Paynes Find – Prosperity 75%-MWE diluting

Kiaby Well – Silver Swan earning 60%

Democratic Republic of Congo/Zambia

Directors

Shares on Issue

Non – Executive Chairman – Mark Stowell

Managing Director/CEO – David Frances

CFO – Glenn Zamudio

Non-Executive Director – Jonathan Asquith

Non-Executive Director – Anthony Lloyd

154,473,439

Cash and Receivables US$3.4 million

PROJECTS

Kapulo

Mid West

Iron Ore

Golden Mile

South

KAPULO PROJECT

Strategic Joint Venture with Anvil Mining (65%

MWE)

Approximately 5,500km² of contiguous tenure in

DRC and Zambia

Mawson West progressing towards maiden

JORC/43-101 resource.

RECENT POLITICAL & OTHER CHANGES

Govt Mining Review – No change to the Dikulushi Mining Convention

New Mining Code (2003)

First democratically elected government (2007)

Major engagement by multilateral community:

• United Nations

• World Bank

• MIGA

• IFC

• International Monetary Fund

Renewed bilateral engagement

Engagement by international financial markets

Engagement by political risk insurance agencies

Increasing focus by international mining industry

DRC – Major Metallogenic, Mining & Exploration Activities

Known Reserves:

Mineral/Metal Reserve Quantity

Copper

Cobalt

75Mt

4.5Mt

Zinc

Iron ore

7Mt

1Bt

Tin

Lithium

Magnesium

Niobium

Gold

Diamonds

45Kt

31Mt

7Mt

30Mt

>28Moz

206M carats

Equateur

Bandundu

Bas-Congo Kinshasa

Gravity Diamonds

JV BHP Billiton

BRC Diamonds

JV BHP Billiton

SouthernEra (Diamonds)

Mbuji-Mayi

Angolan

Kimberlite Trend

Kasai

Oriental

Kasai

Occidental

Katanga

Oriental

Gold Fields (Au)

Kisenge

Nikanor (Cu-Co)

KOV

Katanga (Cu-Co)

Kamoto

Anvil (Cu-Co)

Mutoshi; Kinsevere

Freeport (Cu-Co)

Tenke Fungurume

Kipoi

Mwana Africa (Au)

N.Kivu

AngloGold (Au) [Resource: 1.2Moz]

Twangiza-Namoya Gold Belt:

Banro Corp (Au)

S.Kivu

[Resource: 10.8Moz]

Maniema

Mawson West (Cu)

Kapulo

Anvil Mining (Cu-Ag)

Dikulushi

Africo Res (Cu-Co)

Kalukundi

Metorex (Cu-Co)

Ruashi/Etoile

Lubumbashi

Central African Copper Belt:

Est. Reserves: 75Mt Cu; 4.5Mt Co

Tiger (Cu-Co)

Twangiza-Kilo-Moto Gold Belt:

Current Est. Resources: 28Moz

Kilo-Moto Gold Belt:

Historic Production 11Moz Au

TEAL(Cu-Co) Kalumines

Copper Resources

(Cu) Kinsenda

Source: RBC Capital Markets estimates

Located in the South East corner of DRC.

Anvil’s Dikulushi mine is 130km South West of Kapulo prospects.

Operated out of Congo and Zambia – 12km from Zambian border.

Project underpinned by

Maiden JORC-43/101 resource in progress at

Katanga and Safari North .

Currently drilling at Katanga and Safari North, both open ended and at depth .

Approximately 60km of strike on the mineralised Kapulo fault.

High-order copper geochemical anomalies along fault require trenching.

Numerous other copper & gold occurrences yet to be evaluated-000’s of km sq to be explored

KATANGA

KATANGA

53 diamond drill holes completed. Orebody comprises a south plunging high-grade copper shoot. Latest results:

45m @ 5.1% Cu incl. 30m@ 7.4%Cu

48m @ 4.4% Cu incl. 14m @ 11.1% Cu

64.4m @ 5.9% Cu incl. 40m @ 8.6% Cu

62m @ 4% Cu incl. 27m @ 8.3% Cu

Grades up to 40% Cu recorded.

0.5% COG Copper

Lode

HW

FW

Total

1%COG

Indicated

Tonnes Cu Ag

Mt % g/t

2.1 6.3 20

4.5 1.0 3

6.6 2.7 8

PRELIMINARY INTERIM RESOURCE

Inferred

Tonnes Cu Ag

Mt % g/t

0.2 6.2 25

1.3 0.8 5

1.5 1.6 8

Total

Tonnes Cu Ag Cu Ag

Mt % g/t t MOz

2.4 6.3 21 148,300 1.56

5.8 0.9 3 53,000 0.57

8.1 2.5 8 201,100 2.14

4.3 4.0 13 174,000 1.80

KATANGA DRILL SECTIONS

SAFARI NORTH

SAFARI NORTH

0.5% COG Copper

Indicated

Lode

PRELIMINARY INTERIM RESOURCE

Tonnes Cu Ag

Mt % g/t

Inferred

Tonnes Cu Ag

Mt % g/t

Total

Tonnes Cu Ag Cu Ag

Mt % g/t t MOz

HW

FW

Total

0.4 5.2 12

0.4 0.9 2

0.8 3.2 8

0.3 3.9 8

1.0 0.8 2

1.3 1.5 3

0.7 4.7 10 33,500 0.24

1.4 0.8 2 11,000 0.09

2.1 2.2 5 44,800 0.32

1%COG 1.0 3.7 8 37,000 0.26

25 Diamond drill holes completed.

Results to date very encouraging:

30m @ 4.3%Cu incl 18m @ 6.6%Cu

10m @ 5.2%Cu

34m @ 3.4%Cu incl 22m @ 4.9%Cu

SAFARI NORTH DRILL SECTIONS

SAFARI NORTH & SAFARI SOUTH

POTENTIAL

High order geochem drill targets on the

60km mineralised Kapulo fault

Kapulo deposits open-ended and open at depth

Other stratabound and vein style Cu and gold occurrences within the project area

Potential for new targets to host very significant copper tonnes

DEVELOPMENT

Systematic metallurgical and geotechnical test work underway.

PFS results of metallurgical test work

Locked Cycle test:

34.4%Cu @ 93.2% Rec and 90g/t Ag @ 92% Rec

African Mining Consultants engaged for

Environmental and Social Impact Assessment.

Preliminary Pit Optimisation studies underway.

Investigating possible recommissioning of hydro powerstation at Piana Mwanga and other hydropower options.

SOCIAL DEVELOPMENT

Mawson West collaborating with Medicines Sans Frontiers –humanitarian and medical aid agency.

MSF are providing AIDS and health education for the workers & the local villagers.

As part of the JV with Anvil, Mawson will take part in social development programs in the region for community based projects.

Construction of mud brick accommodation is underway for employees at

Kapulo.

Mawson provided logistics for MSF in it’s vaccination campaign against measles for children aged between 6 months & 5 years.

GOLDEN MILE SOUTH

Golden Mile South Project

The Golden Mile Superpit Looking South – Kalgoorlie, Western Australia

GOLDEN MILE SOUTH OVERVIEW

One of the premier precious and base metal endowed regions in the world >100Moz Au &

>4Mt Ni metal.

Extensive tenement package (112km²) with 75%-

100% ownership by Mawson West Ltd.

Only 4km SE of the Kalgoorlie Superpit and under explored.

Unparalleled infrastructure – several local operating mills, roads, railways, exploration services etc.

MID WEST IRON ORE & GOLD PROJECT

466.5km² JV TENURE

Paynes Find JV

(Prosperity Resources 75%)

Resource definition work

Kiaby Well JV

(Silver Swan earning 60%)

Recently granted – Gold/Iron ore project

Close proximity to Gindalbie’s Karara iron ore deposit and Mount Gibson’s

Extension Hill deposits

MAWSON WEST LTD

SUMMARY

Shares on issue 154,473,439

Unlisted public company

Cash and receivables US$3.4 million

Experienced management with African expertise

Rapidly advancing high-grade copper project

Early production potential

World class resource potential

Good portfolio of high quality exploration projects

Kapulo

Mid West

Iron Ore

Golden Mile

South

Please visit us

www.mawsonwest.com.au

Contact

David Frances – Managing Director & CEO

Telephone: +61 8 9321 9669

Fax:

Email:

+61 8 9481 2394 dfrances@mawsonwest.com.au

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