November 2012 · presentation, or wishes to obtain advice as to the investment merits of the Company’s securities, he should seek independent advice from a person who is an authorised

November 2012

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Disclaimer

These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of the Company and they should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or buy securities in the Company. If any person is in doubt as to the contents of this presentation, or wishes to obtain advice as to the investment merits of the Company’s securities, he should seek independent advice from a person who is an authorised financial services provider.

No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. The information contained in these Slides and the accompanying verbal presentation is in the public domain, however no representation or warranty, express or implied, is given by or on behalf of the Company, its shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud).

The Slides are not for distribution in, nor do they constitute an offer of securities for sale in, any jurisdiction where such distribution or offer is unlawful. The distribution of the Slides in some jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions.

Statements made in the Slides and accompanying verbal presentation may include forward-looking statements that necessarily involve risks and uncertainties. Forward-looking statements may generally be identified by the use of terminology such as “may”, “will”, ”expect”, ”intend”, “plan”, “estimate”, “anticipate”, “believe”, or similar phrases. Other than statements of historical facts, all statements, including, among others, statements regarding the future financial position of the Company, business strategy, projected levels of growth in its market, projected costs, estimates of capital expenditures and plans and objectives of management for future operation, are forward-looking statements. The actual future performance of the company could differ materially from these forward-looking statements. Important factors that could cause actual results to differ materially from these expectations including known and unknown risks. Undue reliance should not be placed on these forward-looking statements.

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London Stock Exchange AIM listing: AIM:RRR Share Price: 1.24p Market Capitalisation: £11.98m Shares in Issue: 966,137,800 Major Shareholder: Regency Mines plc 15.09% Directors:

Andrew Bell Chairman and CEO Manoli Yannaghas Executive Director John Watkins Non-Executive Director Michael Nott Non-Executive Director James Ladner Non-Executive Director

Corporate Advisers: Nominated Adviser Grant Thornton Corporate Finance Broker Simple Investments Ltd Solicitors Ronaldsons LLP Auditors Grant Thornton UK LLP Company Secretary: Stephen Ronaldson

Corporate Profile

Developer of Gold & Iron Ore Projects

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Corporate Profile

Developer of Gold & Iron Ore Projects

• Heavy expenditures in 2011-12 in declining market • Aimed at defining Mineral Resource Estimates (MREs) to JORC standard (Joint Ore Reserve Committee of

Australia) in key gold and iron projects

• Expect to announce fulfilment of these objectives by end 2012 • Key milestones have been achieved

• Value Creation Strategy

• Sold part of royalty; $6m cash received • Accepted purchase approach for Colombia gold mine, sale pending • Looking for partners in Greenland for next phases of exploration • Appointed consultants to rationalise Kenyan holding structures

• 2013 expenditure at lower levels; focus on:

• Data analysis • Deal-making • Follow up of high grades at Nyanza • Discovery potential of new targets identified at Mikei

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Value Creation Strategy

Exploration

New Project

Development

Production

Project Cycle Value Cycle

Acquire

Expand Liquidity Event

Dispose

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RRR – Current Project Pipeline Phase Project Metal Activity Future Value Driver Realization/Disposal: Jupiter Mines Ltd Mn Fe Hold for sale First train, first ship, mktg Mt Ida Royalty Fe Laid off risk $6m received – 2012 H1 Production/Disposal: El Limon/El Mango Au Disposal Announce sale terms Development: Tailings Project Au EIA, Lease Grant of Lease Mikei Resources Au Data work MRE at MK, pit shell Exploration Nyanza drill, new areas Rationalise Corporate restructure Local participation Exploration: Melville Bugt Fe Resource JORC MRE Lay off risk Dealflow/Partnerships Project Acquisition: Various Various Business Dev Due Diligence

Migori Project Kenya (Au)

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Investment Summary Initial Investment July 2009

• Red Rock buys 15% in Mid Migori Mining Co

Ltd (MMM)

• Jan 2012: RRR takes an option over 4.94% Kansai common stock

• Mar 2012: RRR owns, controls or has options over 37.96% of Kansai

• Apr 2012: RRR appoints Ariel Partners LLP to assist in restructuring direct and indirect investments in MMM

RRR will have over 75%

attributable interest in MMM on completion of a BFS

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Project Overview Licence Areas

• SPL122 and SPL202 covering 310 km2

• Extends 63km along strike length of the

Archean Migori greenstone belt

• Other operators in the prolific Tanzanian greenstone belt: Anglogold (Geita), Barrick (North Mara), Goldplats (Kilimapesa)

Activities

• Extensively explored since the mid-1980s

• Colonial era copper mining at Macalder

• Scoping Study of the Macalder tailings dam completed 2011

• Resource infill drill programme completed 2011 to validate historic gold resource

• Focus on regional exploration/resource expansion 2013

Prospect JORC Classification Mt kOz Au g/t Au Cut-off g/t Au

Gori Maria Inferred 3.8 141 1.16 0.5

KKM Inferred & Indicated 17.8 577 1.01 0.5

KKM-West Inferred & Indicated 4.2 139 1.04 0.5

MK Pending

Nyanza Inferred & Indicated 2.3 203 2.73 0.5

Macalder Tailings Measured 1.3 68 1.65 No Cut-off

Total 29.3 1,128 1.20

Resource Summary

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Project Location

• 15,000 metre infill DD/RC drilling programme across SPL122 resource prospects

• 8,000 metre exploratory air core drilling • 1,500 metre scout drilling & 450 metres Tailings

resource drilling

Red Rock Drilling 2009 – 2011

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Red Rock Objectives Migori Exploration • Plans to explore extensions to known mineralisation at historic Macalder Mine • Follow up of anomalous targets from 2011 aircore and scout drilling programmes

Explore prospectivity of anomalous and grassroots targets---Focus on resource expansion Mikei Gold Resources • JORC Resource validated for all 5 resource prospects • Deficiencies in old data addressed; re-validation of historic results • Nyanza high grade shoot under interpretation and pit optimisation work planned for Q4 2012

Advance the resources to feasibility stage Macalder Tailings Retreatment Project • Scoping Study report and DCF completed Q1 2012 • Mining Lease Application submitted to the Nairobi Dept of Mines and Geology Q3 2012 • Metallurgical test work underway to determine processing options – results expected Q1 2013

Explore funding/processing options with a view towards production

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Mikei Gold Resources Summary

• 66% of total resource ounces are in the Indicated category

• Mikei shear: Large system 7km long, up to 250m wide (with very limited testing between known zones) – testing to max of approx. 170m, most <120m

• Low grade, but higher grade shoots apparent; further interpretation required

• New resource estimates show increased overall grade, higher grade zones, and uses higher cut-off grades

• Mineralisation remains potentially open at depth, and along strike / down plunge of key higher grade zones

Indicated Inferred Total Mt g/t Au Mt g/t Au Mt g/t Au Metal kOz

Gori Maria (GM) 3.8 1.16 3.8 1.16 141

KKM 16.34 1.00 1.41 1.15 17.4 1.01 577

KKM-West (KW) 1.13 1.07 3.03 1.02 4.2 1.04 139

MK Pending

Nyanza (NZ) 1.17 3.73 1.15 1.70 2.3 2.73 203

Total 18.6 1.18 9.4 1.18 28.0 1.18 1,060

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Nyanza Resource: Highlights Migori Project Potential

Advancement Towards Feasibility

• Develop delineation of high grade ore shoots at Nyanza

• Classic gold in greenstone model • vein hosted deposit

• Including intersection of 10m @

30.39g/t Au

• Conceptual pit shell on the central high grade pod Q4 2012

• Pit optimisation modelling to locate best high grade shallow mineralisation

• Advanced metallurgical test work planned

to determine process flowsheet options

Nyanza Block Model at 1.5 g/t Au cut-off

Shows metal sulphide and visible gold occurring as stock work in MD10 (depth: 102.50m)

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Macalder Tailings Summary Prospect JORC Classification Mt kOz Au g/t Au Cut-off g/t Au

Macalder Tailings Measured 1.3 68 1.65 No Cut-off

Tailings Dam

• JORC Measured Resource (2011) 1.3Mt @ 1.65 g/t Au containing 68kOz Au

• Remains of colonial era mining of Macalder VMS copper-gold mine; comprised of gossan, calcine and sulphide tailings layers

• Scoping Study completed Q1 2012

• Discounted Cash Flow (DCF) for two base case scenarios confirm value creation potential for reprocessing of the tailings for gold production

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Macalder Retreatment Project Macalder Tailings Retreatment Project (MTRP)

• Mining Lease Application submitted to the department of Mines and Geology

• EIA in progress and being carried out by independent consultants for submission to NEMA

• Advanced metallurgical test work currently underway to determine processing methodology options – results expected Q3 2012

Area applied for covers 572.4 sq km

• 2 years for preparation and construction

• 4 years of actual mining and processing

• 1 year of rehabilitation

The retreatment project is expected to last 7 years, including:

Melville Bugt (Fe) Greenland

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Why Greenland?

• Little-explored area with great untapped resource potential

• Retreating ice cap exposing additional

ground annually

• Exploitation now possible throughout much/all of year

• Transport and logistical access to remote areas is improving

• Government incentives to encourage exploration

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Melville Bugt Iron Ore Project Active licences:

• Exploration Licence 2011/25 covering 1,570km2 (held by Joint Venture)

• Prospecting licence for West Greenland (held by NAMA Greenland)

Targets at Melville Bugt:

• Banded Iron Formation (BIFs) • ~19km of locally enriched Archaean

Algoma-type mineralisation • Magnetite- & haematite-dominant

prospects • High grade DSO (direct shipping ore)

potential apparent • Mesothermal Gold • Rare Earth Elements

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NAMA Greenland Joint Venture • Mar 2011: RRR signs option agreement with North Atlantic Mining Associates Ltd. (NAMA) • Summer 2011: First Melville Bugt Field Season • Dec 2011: Year 1 Field Season closed, RRR receives 25% stake in NAMA Greenland Ltd. • Dec 2011: Year 2 Option picked up by RRR • Jan 2012: Formal JV Agreement executed, provides framework for 2012/13 operations • Summer 2012: Drilling Second Melville Bugt Field season begins • Oct-Dec 2012 Mineral Resource Estimate expected to be produced Dec 2012

License 2011/25

25% 75%

100%

NAMA Greenland Ltd.

RRR earns into 60% of NAMA Greenland by achieving a Mineral

Resource Estimate (MRE) to JORC or NI-43-101 standards via funding of

the 2012 field season

Licence Area

Western targets

Eastern targets

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Target #

Samples Fe % Max

Fe % Avg SiO2 % Al2O3% P % S% Ore Mineralogy

De Dødes West

42 68.4 37.0 46.1 0.38 0.02 0.003 Haematite & Magnetite

Haematite Nunatak 9 69.4 42.5 18.2 0.04 0.02 0.002 Haematite &

Magnetite Havik East 46 36.5 32.6 51.2 0.25 0.05 0.003 Magnetite

Havik Central 17 53.7 41.4 40.2 0.04 0.09 0.002 Magnetite

Havik West 8 46.1 41.5 39.4 0.04 0.06 0.001 Magnetite

Hans Nielson Fjeld

7 45.3 42.1 38.5 0.05 0.04 0.001 Magnetite

Assay Results • Analysis of 218 iron samples by Activation Laboratories in Greenland and Canada • Lab assays confirm high iron grades • Slight increase from field XRF readings • Low deleterious elements • Apparent regional differentiation of iron mineral dominance

•Eastern targets: Haematite-rich, e.g. De Dødes West (DSO potential) •Western targets: Magnetite-rich, e.g. Havik (High tonnage potential)

2011 Field Season Results

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2012 Drill Programme Summary

•10 Week drill season

• Total meterage: 4,061m diamond drilling

• Final assay results pending Q4 2012

Havik East - Magnetite

• Preliminary XRF results ;

•Havik East average range: 21.6-26.3% Fe

•Havik Northeast average range: 19.4-25.2% Fe

•Highest Fe content 67.6% over 5m interval

•Maximum BIF thickness of 51m

Mineral Resource Estimate expected Dec 2012

Western Targets – Haematite

De Dødes West

• Preliminary XRF results ;

• Average range: 18.2-23.4% Fe

• Max grade of 70.3% Fe over 1m

• Max BIF thickness of 87.0m

Haematite Nunatak

• Preliminary XRF results ;

• Average range: 25.3-37.3% Fe

• Max grade of 69.3% Fe over 1m

• Max BIF thickness of 45.8m

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2012 Drill Programme

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Post MRE – Potential Way Forward

West Central East

De Dødes Fjord targets

Focus on Haematite • Further exploration for DSO haematite at the De Dødes Fjord and

Haematite Nunatak—Objective: DSO MRE • Initial drilling of ~7km long Tuukkaq anomaly • Continuing exploration/refinement of magnetite prospects in the western

field area

Regional Correlation

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• Melville Bugt iron formation shows direct geological correlation with the Mary River Deposit in Baffin Island, one of the world’s richest & largest undeveloped iron ore projects

• Takeover by Arcelor Mittal & Nunavut valued at $CAD 593m

Mary River Deposit • Proven & probable

DSO oxide reserves • 365Mt @ 64.66% Fe • Total resources

including reserves 865.4Mt @ 65.08% Fe average

• Expected production 18Mt per year for >21 years

Roche Bay

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Battle of the Ports – What Makes MB Unique • Numerous potential iron ore

projects/mines identified world-wide

• Many stalled in development due to delays caused by inadequate logistical connections and access

• Railway capacity • Port throughput

• Governments slow to react

• Communities take NIMBY approach, resist

and block essential expansion

• Key to taking a world-class iron project to production

• Ensuring the project has a pathway to market

MB offers potential deep-water access

to Direct Shipping Ore

El Limon & El Mango Gold Mines Colombia (Au)

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Colombia

• El Limon and El Mango –gold mines in Antioquia, south of Zaragoza

• RRR manages and operates under Four Points Mining (FPM)

• RRR owns 51% of FPM

• Proposed disposal to Ashmont Resources Q4 2012

• Letter of Intent signed and due diligence completed

Project Overview Infrastructure improvements underway at El

Limon mine and plant Focus on exploitation and development of

Level 8 Cost control and efficiency improvements

Production Highlights

Investment Holdings

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Jupiter Mines (Investment + Royalty) 60.2m JMS Shares held by RRR c2.6%

Market value A$8.13m Projects Overview

Open pit manganese mine at Tshipi, South Africa Started production Oct 2012 Mine life 60+ years Resources of 163Mt at 37.1%Mn, plus top-cut resource of 145Mt at 31.58%Mn

DSO project at Mount Mason, WA Studies being optimised for capex and opex Permits and approvals being secured Project will be in a position to start construction subject to approvals and port and rail

solution

Mt Ida project, WA– Currently on hold pending improved market conditions and port solution RRR raised US$6m through sale of 50% of 1.5% production royalty to Anglo Pacific Group plc

Jupiter remains debt free and well capitalised with A$100m cash in the bank

Strong position to consider opportunistic acquisitions

Total of RRR listed holdings: c£7.4m – 62% market cap

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Contact Details

Marketing , Press or CSR Enquiries: Natasha Walton Head of Marketing and Community Affairs Email: [email protected]

Investment or Project Enquiries: Andrew Bell Chairman Email: [email protected]

General Enquiries: Scott Kaintz Corporate Finance Manager Email: [email protected]

Registered Office: 55 Gower Street London WC1E 6HQ UK Incorporated in England and Wales Co. No. 5225394

Business and Postal Address: 115 Eastbourne Mews London W2 6LQ UK Phone: +44 (0)207 0995 840 Fax: +44 (0)207 0995 841