ASX“WDR”

14 May 2012 Company Announcements Office, ASX Securities Limited, 20, Bridge Street, SYDNEY, NSW 2000

INVESTOR PRESENTATION

Western Desert Resources Limited (“WDR”) (ASX code WDR) provides a copy of an investor presentation which is to be delivered by the WDR Managing Director, Mr. Norm Gardner, at various Investor forums in Melbourne and Sydney, Australia during weeks ending 18th and 25th May, 2012.

Laurie Ackroyd, Company Secretary For further information, contact Norm Gardner, Managing Director

(08) 8177 8800 info@westerndesertresources.com.au

About Western Desert Resources Limited Western Desert Resources (WDR) is an ASX listed Australian exploration company with a diversified portfolio of projects in Australia. WDR has identified advanced prospects in iron ore, gold, copper and base metals.

Core projects are: the Roper Bar Iron Ore Project in the Northern Territory located close to the Gulf of Carpentaria; and the Rover gold/copper project near Tennant Creek, also in the Northern Territory.

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May  2012

Investor  Presentation

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Disclaimer

Where this presentation contains “forward‐looking statements”, these statements are based on information and assumptions and involve expectations orbeliefs as to future events or results as understood at the date of this presentation. All forward‐looking statements are represented in good faith and have areasonable basis at the time that they are made. However, such statements are subject to various risks and uncertainties, many of which are beyond thecontrol of the company, which could cause actual results to differ materially from those represented by the forward‐looking statements.

Any representation in this presentation should not be relied upon as to its accuracy or completeness nor as a recommendation or forecast by the company. Thecompany advises that Independent financial advice be sought before concluding any binding decision made in connection with this presentation.

The representations made within this presentation should not be construed as either an offer to buy or sell any securities of the company in any jurisdiction.

The potential quantity and grade of any exploration target is conceptual in nature and there has been insufficient exploration to define a Mineral Resource. It isuncertain whether further exploration will result in a larger, smaller, or any Mineral Resource.

The information in this report that relates to Exploration Results is based on information compiled and / or assessed by Graham Bubner who is a Member of TheAustralian Institute of Geoscientists. Mr. Bubner is a full time employee of Western Desert Resources Limited. Mr. Bubner has sufficient experience which isrelevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person asdefined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Bubner consents to theinclusion in the report of the matters based on his assessment of the available information in the form and context in which it appears.

The information in this statement that relates to Mineral Resources is based on information compiled by Sharron Sylvester who is a full‐time employee of AMCConsultants Pty Ltd and a Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the style of mineralisation andtype of deposit under consideration to qualify as a Competent Person as defined in the JORC Code (2004). Sharron Sylvester consents to the inclusion of thisinformation in the form and context in which it appears.

The material described herein may be subject to finalisation of commercial terms as prescribed in an MOU signed with Xstrata November 2011

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Company Overview

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Jul 2007 • Listing as NT Explorer

• 6 Projects

Oct 2008• First Drilling Roper Bar

May 2012•Market Cap A$210m• Daily Turnover A$900k• 219m shares on issue• 37m options on issue

First Cargo June 2013

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LIMBLAUranium, 

Nickel, Base Metals

Advanced Prospects

Our Projects

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ROPER BARIron Ore

• 1200 km² exploration tenement

• Exploration drilling commenced 

October 2008

• 60,000 metres drilled to date 

• Current drill program 20,000 

metres in 2012

• 100 km² outcropping ironstone to 

explore

• JORC Resources keep increasing

MOUNTAIN CREEKIron Ore

Initial ExplorationSPRING HILL 

Gold3.6Mt @ 2.34g/t

JORC Resource

ROVER TNG JVCopper,     Gold

Advanced Project

MUSGRAVESNickel, Gold, Base Metals, Rare earths

Un‐explored Ground

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Roper Bar JORC Resources

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Area F15.5Mt @59.5%Fe

• Already 352 Mt @40%Fe  JORC Resources defined in just three seasons

• Further upgrades expected in Q2 2012

• Current JORC Resources include 28.4 Mt of Direct Shipping Ore (DSO) in Areas F and E East

Area E East12.9Mt @54.7%Fe

• Flagship Roper Bar Iron Ore Project (Stage 1) now underway

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Roper Bar Iron Ore Project

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• Simple Quarrying

Drill & Blast 

Crushing

Road Haul 165km

Barging to Panamax vessels

• 8 years at 3Mt per annum 

• Existing loading facility

• Two days closer to Asian ports than Pilbara counterparts

• Executable schedule

Stage 1 ‐ DSO Operations

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May Jun Jul Aug Sep Oct Nov Dec Q1 2013 Q2 2013

Native Title Agreement

Haul Road Clearance

Mining Leases

EIS (public review)

Port Agreement

Barges Ordered

Early Works 

Construction

Commissioning

First Cargo

Debt Funding

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Roper Bar Iron Ore Project

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Roper Bar Iron Ore Project

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Stage 1 Project Fundamentals• Capex A$180m

• Opex A$60/t

• Expected Revenue USD$105/t FOB

• Project Financing well advanced

Regional Benefits• Employment and economic 

development

• Royalties and Infrastructure

• One product grade

58% Fe

Extremely low Phosphorus

Highly Marketable 

Transparent Pricing 

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Why WDR?

• Simple Stage 1 DSO Project

Exporting June 2013

Capex requirements per ton of capacity is 

less than half Pilbara average 

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Transformation imminent:   Explorer to Producer to Exporter

• Share registry not controlled by foreign  

interests

• Significant JORC Resources to underpin Stage 2 

Beneficiable Ore Project

• Low market capitalisation relative to peers 

• Half of Roper Bar Project area unexplored

• Nearby Mountain Creek (900km²) and Tianda

JV in early exploration

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WDR Airstrip – Roper Bar, NT

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Thank you

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