6 August 2012 

Restatement   Announcement of 7 June 2012 – Investor Presentation  

OGL Resources Limited (“OGL” or “the Company”) in its announcement of 7 June 2012, omitted to qualify the Exploration Target described in the Investor presentation as required by clause 18 of the Australasian Code for reporting Exploration Results, Mineral Resources and Ore Reserves.  Attached is a replacement announcement.  For and on behalf of the Board  

 Robert Lees Company Secretary    For further information please contact:  Matthew Storey – Director, Corporate Finance Jonathan Pearce – Associate Director, Corporate Finance  Email: MStorey@psl.com.au or JPearce@psl.com.au Ph: +61 2 8238 6222 Patersons Securities Limited  Media & Investor Relations Fortbridge Consulting +61 2 9003 0477 Bill Kemmery +61 400 122 449 Email: bill.kemmery@fortbridge.com 

 

 

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Company Roadshow Presentation June 2012

Allan Fidock

Managing Director

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Disclaimer & Competent Person This document has been prepared as a summary only and does not contain all information about OGL Resources Limited (the Company) assets and liabilities, financial position and performance, profits and losses, prospects and the rights and liabilities attached to the Company’s securities. The document should be read with any public announcements and reports released by OGL Resources Limited. The information is based on publicly available information, internally developed data and other sources. Where any opinion is expressed no warranties or representations can be made as to the origin, accuracy, completeness, or reliability of the information.

Some of the statements contained in the presentation are forward looking statements. Forward looking statement information may include, but is not limited to, information with respect to the future financial and operating performance of the company or its affiliated companies statements relating to the continued advancement of the Company’s project and other statements which are not historical facts. When used in this document and other published information of the Company, the words such as “aim”, “could"," estimate”, “expect”, “may”, “potential”, “should” and similar expression are forward looking statements.

Although, the Company believes that its expectation reflected in the forward looking statement area reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward looking statements. Various factors could cause actual results to differ from these forward looking statements including the potential that the Company’s projects may experience technical, geological, metallurgical and mechanical problems, changes in commodity prices, changes in government regulation, policies or legislation, unforeseen expenses, fluctuation in the exchange rate of the Australian dollar and the United States dollar and other risks not anticipated by the Company or disclosed in the Company’s published material.

The Company does not purport to give financial advice. No account has been taken of the objectives, financial situation or needs of any recipient of this document. Recipients of this document should carefully consider whether the securities issued by the Company are an appropriate investment for them in light of their personal circumstance, including their financial and taxation position. Coal Production Target: For Phase 1a and 1b - Coal Production estimate and forecast is based on the current estimated 13.7Mt of JORC Probable Reserves in the Mining Lease (ML 4712) and approved Plan of Operation mine operation for production of 1Mtpa of coal. For Phase 2 - Coal Production estimate and forecast is based on the current estimated JORC Resources and OGL Resources Limited’s conceptual future development target of the Bremer View Project (MDL 172). The production estimate is conceptual in nature and there has been insufficient work done at present by way of a feasibility study to support this forecast.

Competent Persons Statement Runge Limited – Greg Maiden: The estimate of coal reserves for ML 4712, as presented in this presentation has been prepared in accordance with the guidelines of the Australasian Code for the Reporting of Mineral Resources and Ore Reserves, prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australasian Institute of Geoscientists and Mineral Council of Australia, December 2004. The information in this presentation to which statement is attached that relates to the reserves of ML 4712, is based on the information reviewed by Gregory Maiden, who is a member of the Australasian Institute of Mining and Metallurgy. He is full time employee of Runge Limited. Gregory Maiden has sufficient experience relevant 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’’ as defined in the 2004 edition of the Australasian Code for the Reporting of Mineral Resources and Ore Reserves.

Runge Limited – Shaun Ayshford: The information relates to the estimates of Coal Resources and Exploration Target statement for the Bremer View Project as in this Presentation has been prepared in accordance with the guidelines of the Australasian Code for the Reporting of Mineral Resources and Ore Reserves, prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australasian Institute of Geoscientists and Mineral Council of Australia, December 2004. The information in this presentation to which statement is attached that relates to the Bremer View Coal Resources, is based on the information reviewed by Shaun Ayshford, who is a full time employee of Runge Limited and is a member of the Australasian Institute of Mining and Metallurgy. Shaun Ayshford has sufficient experience relevant 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’’ as defined in the 2004 edition of the Australasian Code for the Reporting of Mineral Resources and Ore Reserves. Shaun Ayshford consents to the inclusion in this Presentation of matters based on this information in the form and context in which it appears.

Exploration Target: A further 360-370Mt of low to moderate ash thermal coal has been defined as an exploration target additional to the Inferred Resources already stated. The Exploration Target is delineated by wide spaced geophysically corrected drilling between 1,000m and 2,000m and maintains the interpretation of the area being structurally homogenous with multiple thin flat lying seams. Coal quality for the Ebenezer Seams is expected to be similar to that mined at Ebenezer. Delineation of the coal quality for the Mt Morts coal sequence will be the focus of ongoing exploration. The potential quality and quantity shown within is conceptual in nature and there has been insufficient work done at present to define a Mineral Resource in this area under the JORC (2004) Code. The nature of an Exploration Target is such that is uncertain if further exploration will result in the determination of a Mineral Resource in this area.

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Company Overview Ebenezer is a high quality export thermal coal asset

approximately 90km from Brisbane – it is the closest mine to the Port of Brisbane

Current JORC Probable Reserves of 13.7Mt and JORC Resources of 308.2Mt (24.1Mt Indicated and 284.1Mt Inferred

categories) high grade thermal coal (6,700kCal/kg).

Additional 360-370Mt Exploration Target of low to Moderate

ash thermal coal1.

OGL to recommence mining (Phase 1)2 at a rate of 600ktpa within 12 months from the Ebenezer Mine – expansion to 1.5Mtpa within 2-3 years, 3+Mtpa (Phase 2)2 from year 4-5 from the Bremer View MDL 172

Mining Lease (ML) is granted and Environmental Approvals in place – no impediments to immediate mining

Available infrastructure – immediate access via road (82km) & Pinkenba precinct (Port of Brisbane) – up to 1.5Mtpa

Site infrastructure in place (including power, water, offices, tailings dam and ROM pad)

OGL Resources is seeking to raise $60m-$100m to complete the acquisition of the coal assets of Zedemar Holdings, and recommission the Ebenezer coal mine in SE Queensland.

1Refer to the Exploration Target Statement in the Disclaimer and Competent Person (Slide 2) 2Refer to the Coal Production Target Statement in the Disclaimer and Competent Person (Slide 2)

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OGL signed a Heads Of Agreement with Zedemar Holdings Pty Ltd (Zedemar) in May 2011 to acquire 100% of the Ebenezer and Bremer View tenements for a total consideration of A$50m: $40m cash; and

50m OGL shares at the public offer price ($10m) when acquisition financing occurs

Voluntary 24 month escrow will apply to Zedemar’s shareholding and Zedemar will retain between 5.7%-7.6% (50m shares) post-listing

To complete the Acquisition of the tenements: OGL will need to raise between A$60m-$100m; and

1:2 share consolidation at 10c - concurrently with the capital raising occurring at $0.20/share (pre-money value $17.6m)

The sale is conditional on, amongst other things: OGL completing a placement to raise not less than A$60m;

Re-compliance with Chapters 1 and 2 of the ASX Listing Rules; and

Obtaining shareholder approval for the transaction along with ASX approval to re-list

Significant Value accretion since acquisition by OGL Resources

OGL Tenements, Mine Site & Infrastructure OGL commissioned Runge and Salva Resources to complete geological model due diligence

Result: Maiden JORC Reserve and Resources and Bremer View Project Resource upgrade

OGL commissioned transport and mine costs studies

Secured key long term processing equipment – includes a CHPP and crusher units

Infrastructure Solution Engaged key infrastructure partners in discussions to progress work and determine access viability

Result: Short Term – IAP rail 600ktpa (QRN), rail COP and road option to Port solution through executed MoU

Long Term – Rail COP for proposed expansion of QBH/Fisherman Islands and EOI for Fisherman Island via Port of Brisbane

General Assisted in the renewal of Mining Lease - ML 4712 (application was made in April 2008 but approved under the guidance of OGL)

Appointment of well respected coal industry Directors to oversee future development of the assets

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Mr Jack Tan – Non-Executive Chairman Jack has more than 20 years experience in finance roles in finance and investment banking. He was the former Non-Executive Chairman of e-pay Asia Ltd, a leading prepaid mobile phone company based in Malaysia which is listed on the ASX, Non-Executive Director of Orocobre Ltd, an emerging, Lithium & Potash Producer in Argentina and Executive Chairman of Timah Resources Ltd, a NSX listed Australian Iron Ore company. He was the founder and former Director of Rocklands Richfield Ltd (RCI) and Norton Gold Fields Limited both listed on the ASX.

Mr Allan Fidock – Managing Director & CEO Allan is a coal executive with more than 30 years’ experience in open cut and underground coal mining operations. Prior to joining OGL Resources, Allan was a member of Macarthur Coal Executive Leadership Group and responsible for mine operations of the company and was the former CEO of Middlemount Coal. Allan’s previous coal experience includes Technical Services Manager at the Drayton Mine, roles with Thiess Pty Ltd - Project Development Manager, Mining Manager at the Mt Owen Complex and Senior Project Engineer within the Mine Engineering Group. Other mine management and Engineering positions included Project Manager/Mine Manager at Liddell and Westside Open Cut Mines, Mine Manager at Brickworks Open Cut – Gunnedah Colliery and Senior Mining Engineer at New Hope Corporation.

Mr Roger Marshall OBE – Non-Executive Director Roger has over 40-years experience in the Mining Industry, covering management, marketing, finance and operational roles. He has been responsible for the development and production of a number of mines. Roger was previously the Deputy Chairman of Macarthur Coal Limited (since July 2001). He previously served on the Boards of MIM Holdings Limited (1984 - 1992), CITIC Australia Trading Limited (2002-2009), Energy Brix Corporation (1993-1996), AGD Mining Limited (1999 - 2004), Macarthur Diamonds Limited (2004-2005), Copper Resources Corp Limited (2005-2007) and Queensland Ores Limited (Chairman from May 2005 - June 2009 and director from June 2009 to September 2009). In 1989, he was made an Officer of the Order of the British Empire for his services to the Mining Industry and is an Honorary Life Fellow of the Australasian Institute of Management

Mr Neil Stuart – Non-Executive Director Neil is a qualified senior geologist who began his career in the mining industry in 1968. Neil has worked all over the globe and developed extensive experience in a wide range of mineral commodities including coal, uranium and base metals. Neil was a founding Director of Oroplata Ltd and Rimfire Pacific Mining N.L. He is presently a Non-Exec Chairman of Bowen Energy Ltd and Non-Executive Director of Orocobre Ltd and Axiom Mining Ltd.

Mr Henry Khoo – Non Executive Director Henry has extensive sales, marketing and management experience in consumer and durable products in Asia Pacific. He has also been involved in project acquisitions, evaluation, company mergers and Initial Public Offerings.

Board of Directors

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OGL Tenements Location

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OGL’s mining/exploration tenements are the closest to the Port of Brisbane

Tenements

Yancoal 380km

Peabody 293km

New Hope 227km

Mining & Exploration Tenements are located <85km to the Port of Brisbane

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ASX Listed Project Comparables

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Ebenezer is one of the closest emerging coal mines to an established Port in Australia

Source: OGL Review and Company Review

0 50 100 150 200 250 300 350 400 450

Meteor Downs (Endocoal)

Cameby Downs (Yancoal)

Columboola (Metrocoal)

Maules Creek (Aston)

Range (Stanmore)

Vickery South (Coalworks)

Wilkie Creek (Peabody)

Dingo West (Bandanna …

New Acland (New Hope)

Doyles Creek (Nucoal)

New Oakleigh (New Hope)

Jeebropilly (New Hope)

Ebenezer (OGL)

Rail Distance To Nearest Port (km)

90km (West Moreton) Thermal

100km (Hunter Valley) Thermal

90km (West Moreton) Thermal

227km (West Moreton) Thermal

293km (West Moreton) Thermal

350km (Gunnedah) SSCC/Thm

380km (Gunnedah) SSCC/Thm

100km (West Moreton) Thermal

260km (Bowen) PCI/Thermal

360km (Surat) Thermal

380km (Surat) Thermal

380km (West Moreton) Thermal

420km (Surat) Thermal

Projects located in same basin as Ebenezer (OGL)

Key:

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Key Project Details

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Location

The tenements (ML4712 & MDL172) are both located in SE Queensland, near Ipswich

Ebenezer covers 675ha with freehold titles

Tenements are in close proximity to New Hope Corporation Limited’s (“New Hope”) existing Jeebropilly and New Oakleigh coal mines

Coal transport solutions identified – road and rail haulage and MoU for Port access

Existing JORC Resources & Reserves

Total JORC Probable Reserves of 13.7Mt and JORC Resources of 308.2Mt (24.1Mt Indicated and 284.1Mt Inferred categories)

Ebenezer (ML4712) – 13.7Mt JORC Probable Reserve, 31.3Mt JORC Resource (24.1Mt Indicated and 7.2Mt Inferred categories)

Bremer View (MDL172) – 276.9Mt JORC Inferred Resource

Additional 360-370Mt of low to moderate ash Exploration Target identified1

Product Coal is high quality export thermal coal (6,659kCal/kg – adb, LOM Average)

Ebenezer Historical Production

Ebenezer was mined from 1988 until closing in 2003

Historic production of 33.6Mt ROM coal (max. annual production 3.0Mt ROM)

Idemitsu owned – closed due to low prevailing coal prices A$37/t (mid US$20/t)

Geology

Geology well understood – previously mined and extensively explored

Located in the Walloon Coal Measures and exhibit the same geology as nearby New Hope operating coal mines Jeebropilly and New Oakleigh

1Refer to the Exploration Target Statement in the Disclaimer and Competent Person (Slide 2)

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Ebenezer Initial Mine Plan

Near term coal production (within 12 months)

Phase 1a – 1Mtpa ROM to produce approximately 600ktpa of export quality coal product

Phase 1b – Expansion to produce ~1.2-1.5Mtpa of export quality coal

Strip Ratio Ebenezer: LOM average 5.2 bcm per ROM tonne (1st 4 years at average 4.5:1)

Onsite Infrastructure

Power – 110KV power lines, sub-station supply in place onsite

Water supply secured via a dedicated pump & pipeline from the Bremer River

Tailings dam, raw water dam, ROM pad, site office

Road Access 82km to Pinkenba precinct (Port of Brisbane), State owned highways/Tollways – no

expected restrictions to truck movements, 3 trucks per hour for 600Ktpa production

Rail Access

Adjacent existing rail line loop and rail to the Port of Brisbane approximately 90km away

Existing West Moreton railway line owned by QR and operated by QR National

East of Toowoomba Range bottleneck – major advantage for latent train capacity

Port Access

Phase 1a-1b – Pinkenba precinct (Port of Brisbane) – under-utilised (currently at ~20%)

Phase 2 – Pinkenba precinct (Port of Brisbane) plus additional capacity through Port of Brisbane (Fisherman Island) expansion plans. Existing coal terminal operated by Queensland Bulk Handling (“QBH”) – current capacity of 10Mtpa

Port of Brisbane Authority is targeting a doubling of coal export capacity to 20Mtpa by 2020 – initial expansion to 14Mtpa – OGL is a logical cornerstone customer due to proximity to Port

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Ebenezer Mine (ML4712) Overview

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Category Resources

(Salva Estimate)

Reserves

(Runge estimate)

Probable Reserves 13.7

Indicated Resources 24.1

Inferred Resources 7.2

Total 31.3 13.7

Coal Quality Low Ash

Product

High Ash Product

15 Years LOM

Average

Newcastle Export

Benchmark

Moisture % 4.0 4.0 4.0 2.3

Ash % 14 22.4 14.4 13.5

Calorific Value kcal/kg

6,700 5,800-6,300 6,659 6,760

Sulphur % 0.47 0.50 0.48 0.60

Proposed Production Profile

Ebenezer Coal Specifications Resources and Reserves Summary for Ebenezer

Represents <2% discount to Newcastle benchmark on average CV basis

-

500

1,000

1,500

2,000

2,500

3,000

3,500

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

'000 tonnes

Production year

Export Coal Product

Phase 1

Phase 2 For

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Coal Quality – Ebenezer Mine Comparables

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The Ebenezer project has export quality thermal coal. The coal qualities include high calorific value, low sulfur and low nitrogen

0

1

2

3

4

5

6

7

8

9

10

Cameby Downs Wilkie Creek New Acland Jeebropilly EBZ

% adb Moisture Content

Newcastle Benchmark

0

2

4

6

8

10

12

14

16

18

Cameby Downs Wilkie Creek New Acland Jeebropilly EBZ

% adb Ash Content

Newcastle Benchmark

0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

0.8

Cameby Downs Wilkie Creek New Acland Jeebropilly EBZ

% adb Sulphur Content

Newcastle Benchmark

Source: OGL

5,500

5,700

5,900

6,100

6,300

6,500

6,700

6,900

Cameby Downs Wilkie Creek New Acland Jeebropilly EBZ

kCal/kg CV Calorific Value Newcastle Benchmark

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Ebenezer Mine

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Historical Ebenezer Lanes Pit Operation and Current Site Layout

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Ebenezer Geology – Thin Seam Mining

Mine Measure Coal Sequence Geological Characteristics

Ebenezer Walloon Ebenezer 0-100m depth; 6 seam groups (A-F), 52 plies – 0.2m ave.coal thickness = >10m coal

Bremer View Project Walloon Ebenezer & Mt Mort 0-120m depth; 6 seam groups (Ebenezer), 5 seam group (Mt Mort), 132 plies – 0.26m ave. coal thickness => 34m coal

Jeebropilly Walloon Jeebropilly 0-120m depth; 7 seam groups, 43 plies – ave. coal thickness between 0.06-0.43m

New Acland Walloon Acland-Sabine 6 seam groups, 47 plies – 0.23m ave coal thickness

Working coal seam section

Historical Ebenezer Mine Photo Historical Ebenezer Mine Photo

The mining process utilises smaller, readily available equipment with lower capital and consumable costs (eg. tyres)

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CHPP & Coal Loading Infrastructure

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Modular CHPP Unit - 175-200t/hr

Modular CHPP Unit - 175-200t/hr Raw Crusher Unit - 500t/hr

OGL has an option to purchase a Modular Coal Handling & Preparation Plant (CHPP) and Raw Crusher unit

The CHPP and Raw Crusher units are key operating items required to bring the project into production

The CHPP is a second hand unit and will require refurbishment and commissioning by an independent industry contractor

The Raw Crusher unit is brand new

Both units are suitable for the planned Phase 1a production level

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Production Profile & Infrastructure

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Phase 1: 0.6-1.5Mtpa Coal (Ebenezer Mine)

Phase 1a – 600ktpa Coal1

Transport: Road

Port: Pinkenba precinct (Port of Brisbane) – dedicated coal stockpile area (seek exclusive OGL use)

Advantages: Near term start, immediate access to port, low capex, no resident impact by road

Phase 1b – 1.5Mtpa Coal1

Transport: Road

Port: Pinkenba precinct (Port of Brisbane) – dedicated coal stockpile area (seek exclusive OGL use)

Advantages: quick ramp up to higher coal output volume from mine site, target to expand via simple change to “Plan of Operations”, minimal capex for expansion at mine site

Phase 2: 3Mtpa Coal (Bremer View Project) Transport: Road and Rail for increased output from 1.5Mtpa to 3.0Mtpa1

Port: Pinkenba precinct (Port of Brisbane) and Fisherman Island (Port of Brisbane)

Fisherman Island (Port of Brisbane) coal terminal expansion plan – to 14Mtpa by 2014 and targeting 20Mtpa by 2020

Advantages: OGL operation strategically located – nearest coal operation to Fisherman Island site, east of the Toowoomba Range avoiding rail bottleneck, potential significant coal producer to support/cornerstone Fisherman Island expansion plans

1Refer to the Coal Production Target Statement in the Disclaimer and Competent Person (Slide 2)

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Infrastructure Options

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Coal Haulage and Port Access Options

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Infrastructure Options

Road Transport Pinkenba Precinct Port of Brisbane

Port Access – Capacity available for 600ktpa +

Approvals – Low Risk, state road

Capital Costs – Low

Transport Costs – Moderate, 81km

Timeframe – Immediate access

Operational Usage – Short/Long term option

Operational Capacity – 600ktpa to 1.5Mtpa+

Rail Transport Fisherman Island Terminal Port of Brisbane

Port Access – QBH fully contracted, PBPL planned expansion option only

Approvals – Low Risk, QR/QRN IAP obtained

Capital Costs – High

Transport Costs – Low-Moderate, 90km

Timeframe – minimum 2 years

Operational Usage – Long term

Operational Capacity – up to 3Mtpa*

* OGL estimates, subject to PBPL’s planned expansion

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Road Access Road to the Export Market Travel distance by road to the Pinkenba precinct is approximately 82km

Path via major state highway, motorway (toll way) and into industrial port zone (no residential impact)

Low traffic impact, heavy duty highway/motorway was recently upgraded

Permits and Approval process are known and will require standard engagement of key stakeholders

Roadways to Export Port:

1.Mine Site 2.Champions Way 3.Cunningham Highway 4.Ipswich Motorway (M2) 5.Logan Motorway (M2) 6.Gateway Motorway (M1) 7.Kingsford Smith Drive 8.Pinkenba precinct

Port Site M1

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Port Access - Phase 1a & 1b

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Pinkenba Precinct - Port of Brisbane Facility

Existing under-utilised port facility

OGL is progressing road haulage approvals – low capital costs and immediate access

MoU executed for feasibility study which forms the basis for port access agreement, CAPEX and regulatory approvals

This Port solution enables OGL to operate as an independent producer

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Rail Access

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Tenements are 90km by rail to the Port of Brisbane

OGL received an initial Indicative Access Proposal (“IAP”) from QR National to rail up to 600,000 ton of coal p.a. for 15 years from the Ebenezer Mine

The existing rail spur and loop is a QR-owned multi user facility historically shared with the Jeebropilly mine

OGL has submitted formal request to QR for rail capacity to Fisherman Island (Port of Brisbane) for Phase 2 production output

ML4712 Site Layout and Rail Loop Location

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Port Access Phase 2 – Fisherman Island

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Fisherman Island Terminal, Port of Brisbane

Existing Port capacity at the Fisherman Island (Port of Brisbane) is currently 10Mtpa and fully contracted

The coal terminal is operated by Queensland Bulk Handling (QBH) – a 100% subsidiary of New Hope Corporation Limited

Formal request has been made to QBH to access existing capacity and future expanded capacity

The Port of Brisbane Authority has publicly stated that it is seeking to expand the volume of export capacity to 20Mtpa by 2020

Short term expansion to 14Mtpa by 2014

Due to OGL’s strategic mine location and close proximity to the Port of Brisbane, there is an ability to support/cornerstone future expansion plans at Fisherman Island

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Bremer View (MDL172)

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Tenement Highlights

Bremer View is located adjacent to the Ebenezer Mine

Tenement covers 9,202ha of private land with extensive exploration drilling by Ebenezer Mining Company

Current JORC Inferred Resources of 276.9Mt

Coal resources occur between 0-120m depth. JORC Resource estimate based on 435 historical drill holes

Additional 360-370Mt Exploration Target of low to Moderate ash thermal coal1 has been estimated by Runge and future exploration will seek to upgrade this to a JORC compliant resources.

Coal quality is consistent with that of the Ebenezer and Jeebropilly Mines

Bremer View tenement (MDL 172) granted to 31 October, 2015

Tenement contains coal seams from the Walloon Coal Measure in 2 coal sequences:

– Ebenezer (6-8 seam groups)

– Mt Mort (5 seam groups)

1Refer to the Exploration Target Statement in the Disclaimer and Competent Person (Slide 2)

Location Map of Bremer View Project

Resources Summary for Bremer View

Category Bremer View (Mt)

Indicated -

Inferred 276.9

Total 276.9

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Priority Resource Locations at MDL 172

Bremer View (MDL172)

142.4Mt

50.2Mt

23.8Mt

22.3Mt

8.8Mt

29.4Mt

Priority - Initial Phase 2 development target area

Beyond Phase 2 development target area

Source: Runge Limited

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Use of Funds A$60m A$100m

Project Acquisition $40.2m $40.2m

Equipment and Capital Costs $5.0m $25.1m

Site Preparation and Start-up $2.5m $8.2m

Bremer View Exploration & Development $2.0m $10.4m

Expenses of the offer $6.8m $10.5m

Stamp Duty on acquisition $2.6m $2.6m

Working Capital $1.4m $3.5m

Total* $60.5m $100.5m

OGL Capital Requirement A$60m to A$100m Funds to commence operations;

Exploration and development expenditure planned for MDL 172 to increase resource; and

Initial reserve classification for mining feasibility studies

Costs & Funding

Ebenezer Mine - Operating Costs

Expected to be a Low-Cost West Moreton coal producer

Close to existing rail and port infrastructure <90km

Strong operating margin and solid cashflow

Close proximity to workforce (no FI/FO)

Estimate of Operating Costs*:

Mining and processing costs – A$32/t ROM A$53/t Product

Transport costs – A$11-$14/t Product

Port costs - $5-7/t Product

Total Operating Cost: A$69-$74/t Product

* OGL Resources conceptual operating costs estimates

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Proposed Project Timeline

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Calendar Year 2012 2013 2014

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Project Acquisition

Resources/Reserves JORC update

Infrastructure Access Agreements

Site Infrastructure Works

Waste Removal

Construction to commissioning of crusher/CHPP/train load-out

Commencement of Operations/Coal Mining (Ebenezer)

First Coal Sales (Ebenezer)

MDL172 Exploration Preparation

Plan of Operation lodgement and Approvals (Phase 1b expansion)

Infrastructure Development & Construction (Phase 1b expansion)

Initial Coal Production (Phase 1b expansion)

Key next steps: Complete project acquisition

Finalise infrastructure solution

Engage operations personnel and contractors

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0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

CLR EER RES MTE BND CCC CKA OGL REY EOC CWK GUF NHO CPL TIG AKM AQC SMR COK CZA ZYL GCL NCR KRL GNM AQA NAE NHC WHC BTU

EV/Resources

ASX Listed EV/Resource Comparables

Source: Patersons Research OGL presented on a fully funded for production basis – Phase 1 and $100m capital raise.

OGL 0.21

Average = 0.94 $/t

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Exploration and development projects

Key:

Producers

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Transaction Multiples

Thermal exploration and development stage assets that have been transacted during the past year

Date Asset Acquirer Vendor Location Mine Type Coal Type Consideration ReservesTotal

ResourcesTarget Production $/Resource

May-11Ebenezer and

Bremer View

OGL

Resources

Limited

Zedemar

Holdings Pty

Ltd

Queensland OC Thermal $50m (100%) 13.7Mt 308.2Mt0.6Mtpa (2013)

3Mtpa (2018-19)0.16

May-11 Maules Creek ItochuAston

ResourcesGunnedah OC & UG Met/Thermal $345m (15%) 356Mt 610Mt 10Mtpa (2016) 3.80

Jul-11 Woori MitsuiCockatoo

CoalSurat OC Thermal $37.25m (49%) 40.6Mt 84.3Mt 5.4Mtpa (2018) 0.90

Aug-11Cameby

Downs

Yanzhou

Coal

Goldman

Sach -

Syntech

Holdings

Bowen OC & UG Thermal $202.5 (100%) - 250Mt15Mtpa

(operating)0.80

Oct-11Alpha &

Kevin's CornerGVK

Hancock

ProspectingGalilee OC Thermal $1,260 (86%) - 7,900Mt 30Mtpa (N/A) 0.20

Nov-11Bundi &

Coolumboola

DADI

Engineering

MetroCoal

LtdSurat UG Thermal $24m (15.3%) - 1,607Mt 10Mtpa (2017) 0.10

Nov-11 Maules Creek J-PowerAston

ResourcesGunnedah OC & UG Met/Thermal $370m (10%) 362Mt 678Mt 10Mtpa (2015) 5.46

May-11 Monash Gloucester

Ellemby

Holdings Pty

Ltd

Hunter UG Thermal $30m (100%) - 287Mt 9Mtpa (2017) 0.10

Aug-10Galilee EPC

1690

Adani

EnterprisesLinc Energy Galilee OC Thermal

$500m (100%)

+ $2/t royalty- 7,800Bt

Up to 60Mtpa

(N/A)0.06

Jul-10Taroom &

Collingwood

Cockatoo

CoalAnglo Coal Surat OC Thermal $105.5m (51%) - 435Mt 10Mtpa 0.24

1.18Average

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Company Market

Cap ($m) EV ($m) Key Asset/s Location

First Production

Target Production

(Mtpa)

Forecast Capex ($m)

Total Resource

(Mt)

OGL Resources $120 $65 Ebenezer Queensland 2013 0.6 – 3.0 $30 + 308.2

Stanmore Coal $79 $56 The Range Surat Basin, Queensland

2015 5.0 $505 498

Bandanna Energy $214 $93 Golden Triangle Projects, South Galilee Project

Bowen Basin and Galilee Basin, Queensland

2014 35.0 $3,150 1,356

Cockatoo Coal $213 $331 Various Bowen Basin, Queensland

Producing 12.0 N/A 1,481

Coalspur $711 $689 Vista Alberta, Canada 2015 11.2 $1,234 3,735

Coalworks $178 $158 Vickery South NSW 2015 3.0 $243 1,157

Endocoal $58 $47 Orion Downs Bowen Basin, Queensland

2013 2.5 $65 389

NuCoal Resources $206 $170 Doyles Creek Hunter Valley, NSW

2015 5.0 $500 512

Metrocoal $60 $40 Bundi & Columboola JV

Surat Basin, Queensland

2017 10 N/A 3,121

Whitehaven Coal $4,144 $4,323 Various Gunnedah Basin, NSW

Producing 14.7 N/A 2,199

New Hope $3,504 $3,502 New Acland Queensland Producing 6 N/A 1,529

ASX Listed Coal Comparables

N/A: Not available Source: Iress, Patersons Research. As at 30 May 2012 OGL presented on a post $100m capital raising basis 28

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Offer Details

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Post-Consolidation

Shares & Options $60m Equity Raise & $50m Debt Facility $100m Equity Raise

Shares on Issue 88,172,313 13.45% 88,172,313 10.10%

Vendor Shares (Zedemar Holdings) 50,000,000 7.63% 50,000,000 5.73%

Placement Investors 300,000,000 45.77% 500,000,000 57.29%

Loyalty Option (Placement ONLY) - 3 months post-listing (OGLO.AU) 75,000,000 11.44% 125,000,000 14.32%

Options on Issue – Existing (OGLO.AU) 16,250,000 2.48% 16,250,000 1.86%

Debt-related options (unlisted) 66,000,000 10.07% N/A

Performance Shares & Options

Performance Shares 10,000,000 1.53% 10,000,000 1.15%

Performance Options - Board, Management & Broker 50,000,000 7.63% 83,333,333 9.55%

Total 438,172,313 217,250,000 100.00% 648,172,313 224,583,333 100.00%

Market Capitalisation A$87.63m A$129.63m

On completion of listing, OGL will have cash at bank of ~A$8-46m after costs are paid

Milestone Payments required for Performance Shares* and Options to Vest (in equal 25% increments)

1. OGL receiving written confirmation from infrastructure providers to deliver and export coal from ML 4712

2. JORC compliant Reserves increase by 50Mt above existing reserves to a minimum of 63.7Mt total JORC Reserves

3. OGL completing cumulative coal sales totaling 500,000 tonnes at pricing deemed commercially acceptable by the Board of Directors

4. Acceptance of a plan of operation for expansion to 1.2Mtpa of saleable product

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Investment Highlights

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Near term production export quality thermal coal projects

Current Mining Lease - Renewed Sept 2011

Environmental Approval to mine

JORC Probable Reserves 13.7Mt (economic to mine)

Total JORC Resources (308Mt) – (24.1Mt Indicated and 284.1Mt Inferred Categories)

Close Proximity to infrastructure – multiple available options

Low CAPEX start-up

High Quality Thermal Product

Close proximity to workforce

Site ready for recommencement of operation

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Appendix

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Proposed Ebenezer Mine

Ebenezer Mine Today and Proposed Coal Pit Areas

MDL172 Bremer View

ML4712 Ebenezer

Jeebropilly Rail Loop

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Historical Ebenezer Mine Photo

Stratigraphic Column – Ebenezer Mine

Examples of typical coal working sections for mining

Ebenezer Geology – Thin Seam Mining

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Proposed Ebenezer Exploration Ebenezer Mine Proposed Exploration Plan

Proposed 33 cored drillholes with full coal quality analyses

Increase Measured resources category and potential to increase coal reserve – target 18-20Mt

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Ebenezer Mine (ML4712) Overview Ebenezer Mine Resources Cross Sections Source: Salva Resources

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The Ebenezer project has export quality thermal coal. The coal qualities include high volatile matter, low sulfur and low nitrogen

Typical Analysis – Export Coal Quality

OGL Newcastle

Export Thermal OGL Newcastle Export

Thermal

Total Moisture (AR. %) 10.0 8.5 Ash Fusion Temperature (Reducing,oC)

Calorific Value (ADB, kcal/kg) 6,700 6,760 IDT HT FT

1,570 >1,600 >1,600

1380

1540 HGI 40 52

Proximate analysis (ADB, %) Ash Analysis (%)

Inherent Moisture Ash Volatile Matter Fixed Carbon

5 13 39 43

2.3 15 (ad)

30.6 (ad)

0.6

Si2O Al2O3

TiO2 Fe2O3 CaO MgO Na2O K2O P2O5 Mn2O4 SO3

63.6 27.8

2.0 1.8 1.3 1.1 0.9 0.6 0.4 0.1 0.3

Ultimate Analysis (DAF, %)

Carbon Hydrogen Nitgrogen

Oxygen

Sulphur

81.0 6.2 1.4

10.6

0.6

Ebenezer Coal Quality

Average coal seam thickness = 20cm

Coal depth = 0-100m

OGL expects all production to be exported with 75% high export quality and 25% higher ash content coal

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Exploration & Development Risks

Exploration is a high risk activity that requires large amounts of expenditure over extended periods of time. There can be no guarantee that the planned exploration programs will lead to positive exploration results and the discovery of a commercial deposit or further, a commercial mining operation. There is no assurance that exploration and development of the mineral interests owned by the Company, or any other projects that may be acquired by the Company in the future can be profitably exploited

Coal Price and Exchange Rate Risk

Commodity prices fluctuate and are affected by numerous factors beyond the control of the Company. These factors include world demand for bulk, base and other metals, forward selling by producers, and production cost levels in major metal-producing regions

Moreover, commodity prices are also affected by macroeconomic factors such as expectations regarding inflation, interest rates and global and regional demand for, and supply of, the commodity as well as general global economic conditions. These factors may have an adverse effect on the Company’s exploration, development and production activities, as well as on its ability to fund those activities

Key Personnel Risk The Company’s success depends to a significant extent upon its key management personnel, as well as other management and technical personnel including those

employed on a contractual basis. The loss of the services of such personnel could have an adverse effect on the Company

Operational Risks The operations of the Company may be disrupted by a variety of risks and hazards which are beyond the control of the Company, including geological conditions,

environmental hazards, technical and equipment failures, flooding and extended interruptions due to inclement or hazardous weather or other physical conditions, unavailability of drilling equipment, unexpected shortages of consumables or parts and equipment, fire, explosions and ther incidents beyond control of the Company.

Resources and Reserves Estimates

Resource and reserve estimates are quoted in accordance with the JORC Code. These are expressions of opinion based knowledge, experience and industry practice. It is the nature of these estimates that they may change over time as new information is obtained about projects, or as underlying assumptions change. They may also require adjustment where interpretation of data proves inaccurate. There is therefore a risk that resource and reserve estimates quoted in this document may change over time which may have an adverse effect on the Company’s proposed operations and mining plans.

Capital Requirements The Company requires capital to enable its projects to be brought into production. The Company’s current capital estimates are estimates based on labour, material,

construction and procurement costs at the date of those estimates. These costs may vary in future due to external economic influences, requirements placed upon the projects by approval conditions, availability of labour and detailed design changes that could render the projects uneconomic.

Mineral Resources Rent Tax

The Federal Government has announced that it intends to introduce a Mineral Resource Rent Tax regime (MRRT) which will apply to entities involved in the mining of iron ore and coal in Australia. The MRRT is proposed to apply to the assessable profit based on the value of the resource extracted in all iron ore and coal projects. The final form of the MRRT may change and the extent to which the Company will be affected will depend upon the final legislative form of the MRRT and its application to any of the Company’s projects that may be developed.

Government Regulation - Strategic Cropping Land

In 2010, the Queensland Government released the “Protecting Queensland’s strategic cropping land” policy framework. Under the policy, it is proposed that mineral resources in defined agricultural areas will not be developed where they permanently alienate the land. Precise definition of strategic cropping land and definitive maps identifying strategic cropping land have not yet been settled, although indicative maps have been published which do identify areas where strategic cropping land may exist. Based on the indicative maps, it would appear that the Company’s Bremer View Project (and potentially other projects) may, at least partially fall within the strategic cropping land zones. Where a development is proposed in an area that is mapped as strategic cropping land, it will not be permitted to proceed if it permanently prevents the land being used for cropping in the future.

Litigation Risk

The Mining Lease the Company wishes to acquire has been the subject of litigation attempting to invalidate the 2011 renewal of that mining lease on numerous grounds. That challenge was recently rejected by the Queensland Supreme Court, but the applicants have filed an appeal to that decision. While the Company believes that the challenge to the renewal of the mining lease is made on invalid grounds, the outcome of the appeal cannot be predicted with certainty and if the appeal succeeds, the Company will not acquire the Mining Lease or the associated Mineral Development Licence.

Key Risks

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Contacts

OGL Office Addresses

SYDNEY Level 28 31 Market Street Sydney NSW 2000 Phone: +61 2 9267 4633 Fax: +61 2 9267 4388 Email: info@oglltd.com

BRISBANE Level 1 349 Coronation Drive Milton QLD 4064 Phone: +61 7 3720 8023 Fax: +61 7 3729 8988

Fortbridge Consulting Media & Investor Relations

Bill Kemmery Phone: +61 400 122 449 Email: bill.kemmery@fortbridge.com

Patersons Securities Corporate Advisors

Matthew Storey +61 2 8238 6224 +614 666 069 mstorey@psl.com.au

Jonathan Pearce +61 2 8238 6218 +614 898 993 jpearce@psl.com.au

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