Miga arc, Australia's new emerging Andean-style copper belt

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Navarre Minerals

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Investor Presentation

Miga Arc – Western Victoria’s newly emerging copper belt

23 October 2013

Forward-looking statement & disclaimer The information contained in this presentation has been provided by Navarre Minerals Limited (Navarre) and other sources identified herein. No representation or warranty, express or implied, is made by Navarre or any adviser or any of their respective affiliates or representatives as to the accuracy or completeness of such information. Nothing contained in this presentation is or shall be relied upon as, a promise or representation by any of Navarre or any such advisers, their respective affiliates or representatives.

The information contained in this presentation is for informational purposes only and is not a recommendation as to whether to invest in Navarre shares. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on Navarre management estimates.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Navarre or its directors, or any of their employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance.

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The contents of this presentation must not be photocopied, reproduced, disclosed or distributed to any other person without the prior written consent of Navarre.

The information in this presentation that relates to Exploration Results, Mineral Resources and Exploration Potential is based on information compiled by Mr Wessley Edgar. Mr Edgar is an employee of Navarre Minerals Limited, is a member of the Australasian Institute of Mining and Metallurgy and is a Competent Person under the definition of the 2012 JORC Code. The Exploration Potential described in this Presentation is conceptual in nature, and there is insufficient information to establish whether further exploration will result in the determination of a Mineral Resource. Mr Edgar consents to the publication of this information in the form and content in which it appears.

The information in this presentation that relates to Exploration Targets refers to targets that are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

The information on porphyry copper and gold exploration targets in this presentation are based on a conceptual range of targets as follows:

Tonnage range: 300 million to >500 million tonnes

Grade range: 0.3% Cu to 2.0% Cu & 0.2 g/t Au to 2 g/t Au

Metal: 1Mt contained copper & >0.5 million ounces of gold

ASX Code: NML www.navarre.com.au

Miga Arc now recognised as an Andean-style volcanic arc concealed below recent thin cover and remains under-explored

Miga Arc comparable to widely explored Macquarie Arc

Rocks are similar in age & type to Mt Read Volcanics of Tasmania, host to Mt Lyell & Rosebery Mines

Volcanic arc systems world-wide host porphyry copper, VHMS, epithermal base metal and gold deposits

Miga Arc Victoria’s new emerging copper belt

SE Australia’s main volcanic terranes and

their present identified metal endowments

Approx. location of seismic section

shown in next slide

Andes Volcanic Range, South America

Pacific plate

South American plate

Miga Arc New seismic data show copper & gold opportunities in western Victoria

Arcs form above subduction zones at plate boundaries (eg. Andes, Indonesia)

Most arcs contain giant porphyry copper deposits

Miga Arc seismic survey interpretation, after Cayley et al, 2013 (in prog.)

~ 500 million years ago

Present day Western Victoria E

E

W

W

S

N

Cu-Porphyry Exploration Targets1

>500Mt tonnes

0.3 – 2 % copper

0.2 – 2 g/t gold

Porphyry copper deposits are large, low-grade, bulk-mined deposits

Largest are 1.5 – 3 billion tonnes @ 0.7-2% copper

Usually associated with gold and/or molybdenum

1 Refer to slide 2 – Exploration Targets are conceptual in nature, where there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Cadia Hill Porphyry Cu-Au Mine, central NSW

Western Victoria Cu Project

Dominant land position - 130kms volcanic belt, 1,270km² tenure*

4 Cu-porphyry prospects drill-confirmed -

Eclipse, Lexington, Pollockdale & Glenlyleˠ

50 targets generated for testing

High grade intercepts – shallow at Eclipse:

15m @ 0.7% Cu, 1.9% Zn, 0.8g Au/t (RC92GM52)

13m @ 0.7% Cu, 0.2g Au/t, inc. 2m @ 2.2% Cu (RC92GM55)

2m @ 3.0% Cu, 2.0g Au/t (RC93GM65)

>276m of zinc + gold + pyrite hydrothermal alteration (DD10BR001) is evidence of scale and …

… proximity to Cu-porphyry core at Eclipse

* Includes new Glenlyle exploration application area of 61km²

ˠ Glenlyle ELA subject to government approval

Our view Miga Arc:

newly recognised continental margin arc setting like South America’s Andes, host to the world’s largest known copper porphyry systems

emerging Cu-Au porphyry province

potential for discovery of giant deposits

comparable with Macquarie Arc (host to Cadia Mine) and Mt Read Volcanics (host to Mt Lyell Mine)

independent Navarre and GSV* studies (inc. rock/ alteration) suggest proximity to Cu mineral deposits

* Geological Survey of Victoria

Our proposed work program Testing the porphyry copper and gold potential

Complete soil geochemistry

Complete spectral studies

Conduct IP geophysical surveys

2 x 700 metre deep diamond drill holes at Eclipse (Phase 1)

Reconnaissance drilling at Lexington, Pollockdale & Glenlyle

Phase 2 drilling of IP, geochemical and structural targets

For more information contact