May 2012 - Corporate Presentation - Mindoro Resources Ltd.

May 2012
Gold spin-out to Red Mountain to fund
advancing gold resource project at
Batangas
Nickel development to be funded through
planned strategic project level investment
to generate DSO cash flow and DFS

DISCLAIMER AND QUALIFIED PERSONS
Forward Looking Statements:
This presentation may contain forward-looking statements including management's assessments of future plans and
operations, expectations of future production, cash flow and earnings. These statements are based on current expectations that
involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These
risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in
development, exploration and production; delays or changes in plans with respect to exploration or development projects or
capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production).
Qualified / Competent Persons:
Jon Dugdale (BSc (H1), MAusIMM, MAICD), the CEO and a director of Mindoro Resources is a Competent Person as defined
by the JORC Code, has more than ten years of experience which is relevant to the style of mineralisation and type of deposit
under consideration and to the activity which he has undertaken, and has reviewed and verified the Mineral Resource
statements contained in this news release.
Mindoro’s exploration programs are prepared and/or designed and carried out under the supervision of Tony Climie, P.Geo.,
who is a Qualified Person as defined by National Instrument 43-101 and is a Competent Person as defined by the JORC Code,
and who has reviewed and verified the pertinent disclosure of exploration related technical information contained in this news
release. Mr Climie is an executive and a director of Mindoro and is a member of the Alberta Professional Engineers, Geologists
and Geophysicists Association. Mr Climie has more than ten years of experience which is relevant to the style of mineralisation
and type of deposit under consideration and to the activity which he has undertaken. Mr Climie has consented to the release of
the pertinent exploration related technical information in the form and context in which it appears.
Dallas Cox, BE (Min), AusIMM Chartered Professional (Mining), an independent qualified person as defined by NI 43-101 and a
Competent Person as defined by the JORC Code, has reviewed and verified the Mineral Resource and Reserve statements
and statements of a development nature contained in this news release. Mr Dallas Cox has more than ten (27) years of
experience in mineral resource and reserve calculation, open pit mine technical services, mine operations and management in
Australia, China, Indonesia and the Philippines.
Boyd Willis, FAUSIMM, who is a Qualified Person as defined by National Instrument 43-101, and a Competent Person as
defined by the JORC Code, has reviewed and verified the disclosure of a nickel processing nature contained in this news
release. Mr. Willis has more than ten years of experience which is relevant to the activity which he has undertaken and he has
consented to the release of the pertinent development related information in the form and context in which it appears.
2

MINDORO RESOURCES: A VALUE INVESTMENT
Mindoro Resources: Philippines focussed, three key discoveries to be advanced
towards development:
� Gold spin-out deal with Red Mountain Mining to fund drilling to extend gold
resources at Batangas: Indicated Resource of *10,150,000 tonnes @ 1.2g/t for
393,000oz of gold and an Inferred Resource of *3,800,000 tonnes @ 0.88g/t for
108,000oz of gold, with immediate further exploration potential based on high-grade
intercepts and ten “drill-ready” copper-gold porphyry targets
� Nickel strategic partnership planned to fund two stage development plan for the
nickel resources at Agata: Measured and Indicated *42.7mt @ 1% Ni, 430,000t Ni;
proved and probable reserve of *35.4mt @ 1% Ni. Targeting cash flow within 9
months
� Drilling to be financed to define resources at the copper-gold-(sulphur) Exploration
Target at Pan de Azucar: 8mt to 12.7mt @ 35-40% sulphur, 0.4-0.6% copper, 0.5-0.7
g/t gold.
Caution, detailed drilling will be required to convert the Exploration Target into NI 43-101-compliant resources. There is no
guarantee that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. Until a
feasibility study has been completed there is no certainty that the company's projections will be economically viable.
3
*Refer to qualified person statement on slide 2

MINDORO CORPORATE PROFILE
4
CAPITALISATION ($CDN)
Exchange & Symbol TSX-V: MIO, ASX: MDO, FFT: OLM
Shares outstanding 254m
Fully diluted 291m
Share price (May 2012) $0.07
Market capitalisation (May 2012) $18m
Current treasury (April) $1.8m
SHAREHOLDERS
Acorn Capital 15.8%
IFC (World Bank) 9.1% (10.6% incl. Asian Lion interest)
Asian Lion Ltd 7.9%
Lion Selection 6.9% (10.0% incl. Asian Lion interest)
US Global 1.3%
Directors 3.1%
Top 20 55.7%

PORTFOLIO OF PROJECTS IN KEY MINING DISTRICTS
GOLD
Batangas Projects
(100% economic interest)
• Archangel (Gold) Resources
• Lobo (Gold) Resources
• El Paso, Calo, Talahib Cu-Au targets
COPPER-GOLD
Pan de Azucar Project
(75% economic interest)
• Cu-Au-S Exploration Target
NICKEL
Agata - Surigao Projects
(75% interest, options for 100%)
• Agata Nickel Resources
• Cu-Au Porphyry targets eg:
American Tunnels, Tapian-SF
5
Coral Bay Nickel 21,000 Ni tpa
(Sumitomo/Nickel Asia)
Didipio Cu-Au
(Oceana Const.)
MAP KEY
Mindoro project
Major Deposit
Recent major discovery
(within last 15 years)
Producing Major Mine
Fault
Masbate Gold 200,000oz pa (CGA Mining)
�
Taganito Nickel Project (Const.)
(Sumitomo/Nickel Asia)
Sianna Gold 85,000oz pa
(Red 5)
� Co-O Gold 100,000oz pa
(Medusa Mining)
Tampakan, Cu-Au, BFS
(Xtrata/Indophil)

6
GOLD AND COPPER-GOLD SPIN-OUT TO RED MOUNTAIN
Established resources
with exploration upside to
be progressed towards
development

THE RED MOUNTAIN MINING TRANSACTION
Red Mountain Mining (RMX) is proposing to acquire the Batangas and
Tapian San Francisco (TSF) assets of Mindoro for shares in RMX:
Placement – consideration will be:
� *100,000,000 (10c) non-voting shares in Red Mountain Mining and;
� *50,000,000 performance shares in Red Mountain Mining that convert
into Non-Voting Shares upon increasing the indicated resource to
600,000 ounces and delivering an “economically viable” scoping study
� Non-voting shares convert to voting shares once distributed to Mindoro
shareholders by 12 months. Number of shares issued based on a noconsolidation
basis
Commercial loan:
� Upon execution of sale agreement, Red Mountain Mining will enter into a
secured loan agreement up to A$1 million on usual commercial terms to
Mindoro to commence focussed drilling of Archangel higher grade gold
“feeder” resource targets.
7

STRUCTURE POST RMX TRANSACTION
Current MDO
shareholders
8
75%
Options for
100%
MDO Nickel
Assets
100%
25%
Mindoro
Resources
100%
MRL Phils. Inc.
100%
75%
Pan de Azucar
(75%)
25%
Minimax,
Philippines
Partner
25%
56-65%
Red Mountain
Mining
MRL Gold
(Australia) 100%
Philippines
Subsidiary 100%
75%
Tapian SF (75%)
100%
100%
100%
35-44%
Current RMX
shareholders
Batangas Gold
Projects (100%)

BATANGAS GOLD PROJECT & COPPER-GOLD TARGETS, 100%
Luzon
Manila
Talahib
Mindanao
LOBO
LOBO PROJECT - SW BRECCIA,
High grade epithermal gold veins; 5km to test
*NI 43-101/JORC Resource Estimate
Indicated: 270,000 t @ 6.49 g/t (56,380 oz)
Inferred: 61,000 t @ 5.35 g/t (10,540 oz)
*Refer to qualified person statement on slide 2
9
Calo
TAYSAN COPPER-GOLD RESOURCE
(TSXV Crazy Horse Resources)
Sea
El Paso
Marita
ARCHANGEL PROJECT - KAY TANDA,
0
MAP KEY
Tenements / applications
Porphyry copper-gold prospects
Resource area
Epithermal vein trends
Copper showing
Historical mine / workings
Other prospects
4km
*NI 43-101/JORC Resource Estimate
Indicated: 9,879,000 t @ 1.1 g/t (337,500 oz)
Inferred: 3,741,000 t @ 0.8 g/t (97,200 oz)
High-grade Intercepts at depth: eg 61m @ 5.1 g/t Au
N

BATANGAS, ARCHANGEL PROJECT
• 6km gold zone with porphyry at depth
Bootin
• Drilling high-grade “feeders” to build resource
• Resources low-strip and excellent metallurgy
XS 9350N
Sea
*Refer to qualified person statement on slide 2
10
Marita
Kay Tanda *NI 43-101/JORC Resource Estimate
Indicated: 9,879,000 t @ 1.1 g/t (337,500 oz)
Inferred: 3,741,000 t @ 0.8 g/t (97,200 oz)
High-grade Intercepts at depth: eg
61m @ 5.1 g/t Au, 64m @ 3.5 g/t Au, 26m @ 4.03 g/t Au
Biga
Crazy Horse
Taysan Project
TALAHIB
PROJECT
LOBO GOLD
PROJECT
Archangel MPSA boundary
Younger cover rocks
Extensively altered volcanics intruded
by diorite and dacite
Advanced argillic zones
Resource area
Epithermal gold-silver zones
Porphyry-related stockworks
Vein breccia
MAP KEY
Boulder field of mineralized massive
silicified rocks
Old mine working
Copper showing
Porphyry related IP anomalies
0
BATANGAS
PROJECTS
EL PASO PROJECT
ARCHANGEL
PROJECT
KAY TANDA GOLD
RESOURCE
1 Km
N

9400E
BATANGAS, KAY TANDA PROJECT
KAY TAND CROSS SECTION 9350N: Shallow Resource and “Feeder” Target
60m @ 1.46 g/t Au, 25.10 g/t Ag
20m @ 1.09 g/t Au
PL-22
50m
24m @ 0.75 g/t Au
11
60m
28m @ 1.47 g/t Au
9500E
PL-17
58m @ 1.53 g/t Au
9600E
PLDH-01 PL-30
PL-23 PL-31
PL-16
PL-24
51m
70m
82m
105.2m
Porphyry Target at Depth
70m
9700E
26m @ 4.03 g/t Au, 179.16 g/t Ag
60m
2m @ 12.24 g/t Au
PL-37
75m
10m @ 6.84 g/t Au
50m
9800E
KT-07
75m
MAP KEY
Interpreted mineralization
boundaries
Drill hole
Mineralized intercept
Mineralized intercept
(spiky/high grade)
End of hole
Batangas
Projects
Quartz - gold breccia vein

?
BATANGAS, LOBO GOLD PROJECT
• 5km mapped epithermal ? lode structures
?
?
?
?
Pica
Lobo shoot?
12m @ 7.42 g/t Au
Nagtoctoc
• High-grade gold shoots targeted
?
Balisong
Old Lobo
Copper Mine
Camo
Crazy Horse
Taysan Project
• Drilling planned to build resource LOBO GOLD
PROJECT
Pica: Epithermal veins:
• 13.65m @ 2.49 g/t Au in
• 213m @ 0.18% Cu, 0.30 g/t Au
Southwest Breccia
Recent results eg LB-62:
• 8.0m @ 8.8 g/t Au and
• 7.45m @ 12.4 g/t Au
SW Breccia *Mineral Resource: High Grade Shoot
• Indicated - 270,000 t @ 6.49 g/t Au; 56,380 oz Au
• Inferred - 61,000 t @ 5.35 g/t Au; 10,540 oz Au
• open to SW and depth
*Refer to qualified person statement on slide 2
12
Line 10170N
Camo, at surface,
• 4.5m @ 488 g/t Ag, 1.8% Cu
• 3.5m @ 114 g/t Ag, 0.36% Cu
TALAHIB
PROJECT
Alluvium
Limestone
Mineralized and altered
volcanics
Mineralization shoot
Epithermal vein breccia
trend
Silica cap
Old Mine
High-Grade shoot target
0
BATANGAS
PROJECTS
MAP KEY
EL PASO PROJECT
500m
ARCHANGEL
PROJECT
KAY TANDA GOLD
RESOURCE
N

13
BATANGAS, LOBO PROJECT, SWB SHOOT
SOUTHWEST BRECCIA LONGITUDINAL PROJECTION, G/T x Thickness Contour
B B’
170m
ASL
150
100
50
20m
TR-1
358.2
?
10,100N
10,125N
OC channel
159.2
10,140N
TR-2
210.1
10,155N
LB59-11
13.8 LB58-11
59.4
?
LB64-11
54.59
LB60-11
19.3
LB63-11
27.89
?
Open at Depth
10,172N
10,185N
LB65-11
36.2
LB62-11
92.23
LB61-11
67.5
10,200N
10,215N
TR
OC
LB-20
79.5
LB61-11
MAP KEY
Trench
Outcrop
Drill hole number
Gold grade g/t x true
vein width in meter
> 50
20 – 49
10 – 19
Drill hole (2011)
Batangas
Projects

14
BATANGAS, LOBO PROJECT, SWB SHOOT
SOUTHWEST BRECCIA CROSS SECTION 10172N
180m
ASL
160
140
120
100
80
60
40
9,950E
32.2m @ 9.50 g/t Au
Trench: 11m @ 19.1 g/t Au
10,000E
13.3m @8.30 g/t Au
LB65-11
8.0m @ 8.82 g/t Au
inc. 3.0m @ 15.4 g/t Au
LB61-11
129.10m
104.50m
85.00m
LB62-11
57.60m
30.25m
14.0m @ 1.67 g/t Au
57.30m
52.25m
8.3m @ 6.30 g/t Au
6.7m @ 10.7 g/t Au
inc. 3.7m @ 18.0 g/t Au
11.90m
7.75m @ 4.67 g/t Au
inc. 1.95m @ 11.8 g/t Au
17.4m @ 9.60 g/t Au
69.40m
7.45m @ 12.4 g/t Au
inc. 5.30m @ 15.6 g/t Au
20m
LB-07
75m
MAP KEY
Quaternary agglomerate
Drill hole
Mineralized intercept
End of hole
Batangas
Projects
Quartz - barite - pyrite vein breccia
Quartz - pyrite
Clay - pyrite - quartz
magnetite alteration
clay alteration
chlorite
Quartz - clay - pyrite alteration
Propylitized andesite wallrock
(chlorite - clay - pyrite quartz
calcite magnetite)
Fault gouge

Mindanao Sea
TAPIAN SAN FRANCISCO
(TSF) PROJECT
Extensive Porphyry-related
alteration, copper-gold
showings, IP geophysics
PHILIPPINE
FAULT ZONE
15
PORPHYRY COPPER-GOLD: TAPIAN-SAN FRANCISCO
SURIGAO CITY
Lake
Mainit
Masapelid
Epithermal gold and
porphyry coppergold
mines of MMC
SILANGAN (Boyongan-Bayugo)
Philex Mining, in feasibility
Resource contains 5b lbs Cu, 9moz Au
SIANA PROJECT –
Red 5 (ASX)
In production for 85k oz pa
Manila
Luzon
PAN DE
AZUCAR
SURIGAO
PROJECTS
Tenements
MAP KEY
BATANGAS
Mindanao
TSF alteration (hi-temp propylitic,
argillic, phyllic, potassic)
Major porphyry copper-gold
discovery
Porphyry copper-gold prospects
Copper-gold / gold mine or
significant prospect
Other copper-gold or gold
prospect
Fault
N
0 10 km

INDICATIVE RMX TRANSACTION TIMETABLE
Timetable Date
Completion of due diligence by Mindoro and Red Mountain Mining 12 June 2012
Execute Agreements (binding) 14 June 2012
Mindoro AGM 28 June 2012
Mindoro gold “feeder” drilling commences, funded by loan from RMX July 2012
Red Mountain Mining Shareholder Meeting 31 July 2012
Completion of Sale under Agreements, Satisfaction of Conditions
Precedent and issue of 100m Consideration Securities to Mindoro
8 August 2012
Resource Upgrade and Scoping Study Batangas gold projects Q1 2013
If performance share milestones met, RMX issues additional 50m shares to
Mindoro. Commence gold project permitting and feasibility study
In specie distribution of RMX shares to Mindoro shareholders
16
Q2 2013
*August 2013
(subject to ASX escrow
release)

17
MINDORO’S AGATA NICKEL LATERITE PROJECT
Two stage development
strategy for early cash flow
then processing project

SURIGAO MINING DISTRICT: KEY PROJECTS
AGATA *MINERAL RESOURCE
Combined Limonite & Saprolite
18
AGATA NICKEL (75%, Option 100%)
TAPIAN
Mindoro tenements / applications
Nickel laterite mineralization
Nickel laterite mine
Recent porphyry copper-gold discovery
Porphyry copper-gold prospects
Gold mine or prospect
Fault
Drilled area
0km
MAP KEY
10km
Measured & Indicated
42.7M DMT @ 1.01% Ni
Inferred
2.4M DMT @ 0.99% Ni
10 defined regional targets
5 drilled to date
*Refer to qualified person statement on slide 2
N
SURIGAO CITY
CANAGA
BOLOBOLO
Butuan Bay
Lake
TAPIAN Mainit
AGATA
SOUTH
KARIHATAG
AGATA
NORTH
SRMI
DSO
BOYONGAN-BAYUGO
Copper-Gold Project
Philex
TAGANITO
Nickel Asia – Sumitomo
HPAL, in construction
Luzon
Manila
Mindanao
Philippine Sea

AGATA NICKEL PROJECT MINERAL RESERVE, RESOURCE
19
*Inventory / Reserves M WMT M tonnes Ni % Co % Fe %
Direct Shipping (8.9) (5.9) (1.05%)
Hi Fe Limonite 1.7 1.1 0.8% 0.10% 49%
Nickel Pig-Iron Limonite 5.9 3.8 0.95% 0.10% 48%
High Grade Saproilite 1.4 1.0 1.8% 0.03% 13%
Limonite to Upgrade / AL 7.1 0.9% 0.10% 43%
Saprolite to Hydromet AL 22.4 1.1% 0.03% 12%
Total Reserve 35.4 1.03% 0.05% 24%
Limonite Resource Remaining 1 0.8% 0.10% 43%
Saprolite Resource Remaining 9 0.9% 0.02% 9%
Total Resource 45 1.0% 0.05 22%
The company’s production objectives are intended to provide an indication of management’s current expectations
and are still conceptual in nature. It is uncertain that it will be established that these resources will be converted
into economically viable mining reserves. Until a feasibility study has been completed, there is no certainty that
these objectives will be met.
*Refer to qualified person statement on slide 2

AGATA NICKEL PLAN (GRADE X THICKNESS)
20
11000N
10000N
9000N
Mindanao Sea
AGATA NICKEL LATERITE PROJECT
8000N
9000E
XS 9550N
10000E
11000E
Mindanao
Sea
Aug 19, 2010
Agata Nickel
Laterite
Project
Mindoro
Tenements:
MPSA &
Application
Agata South
Nickel Laterite
Project
SRMI Mine
Nickel laterite resource
Completed drill holes to date
Trench
River / creek
Road
Trail
MAP KEY
0 200m
LEGEND
< 2
2 - 10
10 - 20
20 - 30
> 30
Ni % X meter
N

A
300m ASL
250m
200m
150m
100m
46m
AGATA NICKEL LATERITE CROSS SECTION
AGL-362 Drillhole number
Ferruginous Laterite
Limonite
Boulder
Saprolite
Saprolitic rock
Bedrock
End of hole
21
8900E
9000E
FERRUGINOUS LATERITE
LIMONITE
AGL-146
SAPROLITE
20m
AGL-500
15.1m
Ni%
Fe%
AGL-142
25.3m
Thickness of intercept (m)
9100E 9200E
AGL-499
19.4m
50m
AGL-140
26.8m
50m
0
AGL-498
22.15m
AGL-341
16m
9300E
AGATA NICKEL
LATERITE PROJECT
Cross Section Line 9550N

AGATA NICKEL PROJECT: STAGE 1 DSO FOR CASHFLOW
STAGE 1: AGATA DIRECT SHIPPING OPERATION
Ideal Location:
• Ore body is

AGATA NICKEL PROJECT STAGE 2 PROCESSING
STAGE 2: ACID LEACH PROCESSING OPERATION
Pre-Feasibility Study (PFS) Nov 11: HPAL - Atmospheric Leach (AL)
• Outstanding Metallurgy:
- HPAL 95% - 97% Ni

PAN DE AZUCAR PROJECT (75%)
• Massive sulphide sulphur-copper-gold deposit
• Defined Exploration Target:
- 8 – 12.7 million tonnes,
- 35 – 40% sulphur,
- 0.4 – 0.6% copper
Asparin
Hill - 0.5 – 0.7 g/t gold
• Metallurgy for acid (Ni) and copper-gold leach
04
• Plunging shallowly 16 north, open at depth
• More drilling and metallurgy required for resource
Pabilona
Hill
Caution, the Valderama massive sulphide is
currently an Exploration Target only. Detailed
drilling will be required to convert the
Exploration Target into NI 43-101-compliant
Ferraris
resources. There is no guarantee that these
Hill
resources, if delineated, will be economic or
sufficient to support a commercial mining
operation. Until a feasibility study has been
completed there is no certainty that the
company's projections will be economically
viable.
Valderam
a Hill
01
02
31
30
05
10
09
19
17
03
18
06
13
15 20
32
21
07
08
12
22
0
14
28
29
11
23
Bebs
Hill
24
25
26
N
27
Mt. Lo-oc
200m
07
19
PAN DE
AZUCAR
PROJECT
Luzon
Manila
BATANGAS
PROJECTS
Mindanao
Quaternary alluvium
Andesitic flow dome
SURIGAO
PROJECTS
Andesite and dacite tuffs & volcanics
Dacitic volcanics & volcaniclastics
Interpreted fault
Collapsed features / ring faults
Creek
Valderama zone
Dill hole (2001-2002)
Drill hole (2011)
MPSA boundary
Boundary defined from drilling
Boundary defined from geophysical and
geochemical data
Vuggy, leached, quartz alunite altered
boulders
Dark grey – dark red ferruginous boulders
Topography
MAP KEY

20,900N
50
0
-50
PDA-01
.
90.65m
21,000N
PDH-05
)
21,100N
PDA-18
PDA-12
PDA-14
PDA-20 PDA-21 PDA-03 PDA-28 .
2 2 2 PDA-25 PDA-22
. 2 2
.
. 2
. ) .
M ) M 2 2
M M
)
36.8m
21,200N 21,300N
LS LS'
100
-100
15.6m
51.90m
94.5m
o
98.0m
21,400N
HOLE NO. FROM (m) TO (m) RUN (m) Au g/t Ag g/t Cu % Zn % Sulphur%
PDA-18 35.6 94.9 59.3 0.90 3.45 0.45 0.45 39
PDA-20 1.6 33.3 31.7 1.15 6.12 0.48 28
PDA-21 2.8 42.0 39.2 1.00 15.71 1.89 2.02 42
PDA-22 10.0 23.0 13.0 0.62 8.61 2.53 40
PDA-22 38.1 85.6 47.5 0.75 1.01 0.09 41
PDA-25 11.1 87.1 76.0 0.64 4.54 0.38 34
Including 23.1 40.0 16.9 0.59 3.06 1.01 36
95.55m
o
95.4m
21,500N
PDA-28 9.2 13.1 3.9 0.78 55.31 5.30 5.11 38
PDA-28 20.75 75.55 54.8 0.77 11.52 1.17 0.68 40
25
PAN DE AZUCAR MASSIVE SULPHIDE MINERALIZATION
LONGITUDINAL SECTION (LOOKING NW)
M
M
130.5m
PDA-23
2 . 2
M
M
M M
o
111.6m
?
21,600N
?
?
PDA-27
)
50m
21,700N
?

PARTNER FUNDED NICKEL TIMETABLE
Timetable Date
Strategic funding partnership to be established for stage 1 and 2 of Agata June 2012
Final permitting and feasibility Stage 1 DSO; Update processing economics Q3/4 2012
Stage 1 DSO production, cash flow anticipated, subject to financing above Q1 2013
Stage 2 Processing pilot testing of new atmospheric leach flow sheet Q1 2013
Stage 2 Processing DFS Q3/4 2013
Subject to DFS: Financing and construction of nickel processing plant. 2014
26
The company’s production objectives are intended to provide an indication of management’s current expectations
and are still conceptual in nature. It is uncertain that it will be established that these resources will be converted
into economically viable mining reserves. Until a feasibility study has been completed, there is no certainty that
these objectives will be met.

IN SUMMARY:
Mindoro Resources: Philippines focussed, three key discoveries to be advanced towards development:
� Spin-out of Batangas gold resources and Cu-Au porphyry targets to Red Mountain Mining:
- funding for gold drilling and scoping study
- release of value in gold focused vehicle, MIO shareholders to hold up to 65%
� Strategic partner funding sought for Agata nickel two stage development strategy:
- stage 1 DSO cash flow possible within 9 months (Q1 2013)
- stage 2 pilot testing and DFS for “cut-down” atmospheric leach processing plant
� Copper-gold-(Sulphur/pyrite) resource target at Pan de Azucar to be drilled (subject to finance)
Focused strategy on taking projects from discovery to production
ASX: MDO TSXV: MIO FFT: OLM
Contact details at www.mindoro.com
27
The company’s production objectives are intended to provide an indication of management’s current expectations
and are still conceptual in nature. It is uncertain that it will be established that these resources will be converted
into economically viable mining reserves. Until a feasibility study has been completed, there is no certainty that
these objectives will be met.