AFRICA RESOURCESINVESTMENT CONGRESS

IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY, 12 JUNE 2012

www.ObjectiveCapitalConferences.com

Gold exploration in the Volta RegionDavid Sumich – Managing Director, Volta Mining

Emerging resources company with interests in iron ore and gold assets

in West Africa

June 2012

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DisclaimerAny forward looking statements in this Presentation have been prepared on the basis of a number of assumptions which may prove incorrect and the current intentions, plans, expectations and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside Volta Mining Limited’s (“Volta Mining’s” or “the Company’s”) control. Important factors that could cause actual results to differ materially from the assumptions or expectations expressed or implied in this Presentation include known and unknown risks. Because actual results could differ materially to the assumptions made and Volta Mining’s current intentions, plans, expectations and beliefs about the future, you are urged to view all forward looking statements contained in this Presentation with caution. This Presentation should not be relied upon as a recommendation or forecast by Volta Mining. Nothing in this Presentation should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities in any jurisdiction.

This Presentation is not intended to provide the sole basis of any investment decision or other evaluation. Each recipient hereof contemplating an investment in the securities of Volta Mining shall make, or shall be deemed to have made, their own independent investigation of Volta Mining and related documentation and their own appraisals of the prospects and merits of the Company and its assets described herein.

All forecasts, facts, information, estimates and other statements of opinion contained in this Presentation have been prepared solely by, or on the basis of, information supplied to Volta Mining. While the information contained herein is believed to be true and accurate, we expressly disclaim any and all liability for representations or warranties, expressed or implied, contained herein, or in any other written or oral communications transmitted or made available to any prospective investor.

No representation or warranty is made by Volta Mining that forecasts, projections, business goals or estimates contained herein will be achieved. This Presentation speaks as of the date hereof. Neither the delivery of the Presentation nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the Company after the date hereof.

Competent person’s statementThe information in this Presentation that relates to exploration results is based on information compiled by Mr Liviu Tusa, an employee of Volta Mining and a Member of the Australian Institute of Geoscientists. Mr Liviu Tusa has sufficient experience which is relevant to the style of mineralisation and types 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 Reporting of Exploration Results, Minerals Resources and Ore Reserves.” Mr Liviu Tusa consents to the inclusion in the Presentation of the matters based on his information in the form and context in which it appears.

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Executive summary

» We are an emerging gold explorer with a vision to become a mid-cap resources company with a pipeline of advanced, sustainable projects in Africa

» We are a listed in the Australian Securities Exchange (ASX)

» We have a portfolio of early stage gold exploration projects in Burkina Faso and interests in iron ore in Gabon

» We have a highly experienced board and in- country management team in place with a track record of success in Africa

» We are an attractive investment for those seeking exposure to “ground level” entry into Africa

Volta Mining is conducting a global roadshow to provide an update on gold exploration results and its strategy for growth

CONTENTSSection 1

Corporate vision and strategy

Section 2Gold project portfolio

Section 3Iron ore in Gabon

Section 4Summary: why invest in Volta Mining?

Section 1Corporate vision and strategy

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Corporate office:Perth, Australia

Regional office:Ouagadougou, Burkina Faso

Who is Volta Mining?

» Focus is on projects in Africa only

» Africa is an attractive prospect:– it is highly prospective and underexplored– political risk is decreasing on average– acquisition costs are lower

» Focus is on strong, well understood commodities: gold, iron ore, coal, manganese, copper

We are an Australian company» We have vast access to skills

» We operate in a well regulated capital market

» We adhere to the strictest anti-bribery and corruption laws

» Australian companies are the defacto world standard for Environment and Safety practices

Volta Mining is an emerging acquirer, explorer and developer of assets

Seeking investment from the US and Europe

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Vision and goals

Short term goals: 0 – 6 months since listing in October 2011

To acquire large prospective and strategic landholdings in West Africa

To complete a 10,000 – 20,000m auger drilling programme by Q1 2012 on new projects

Medium term goals: 6 – 12 months since listing in October 2011

» To develop a pipeline of projects

» To commence RC drilling (Stage 1) & additional infill and regional auger drilling programmes (Stage 1) across project sites

» To further strengthen our financial position

Our vision is to become a leading mid-cap resources company with a pipeline of advanced, sustainable projects in Africa

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Corporate snapshot

Capital structure (31 May 2012) 1

Cash at bank ~AUD3.3 mn

Total issued capital 44,550,000

Options Exercisable at AUD20 cents on or before 30 June 2014

37,100,000

Market capitalisation – undiluted

~AUD11.5 mn

Shareholding summary (20 April 2012)

Directors2 9%

Project vendors 7.2%

Seed investors 7.6%

HNW clients of Indian Ocean3 23.7%

Australian institutions 9.1%

Overseas institutions 5.6%

Australian retail 37.8%

100%

Board of directors

Mr George LazarouNon-Executive Chairman

Mr David SumichManaging Director

Dr Alain GachetNon-Executive Director

Mr David WirrpandaNon-Executive Director

1includes recent AUD2.3 million capital raise with Tranche 2 subject to EGM2includes 688,000 shares purchased on-market by MD post-IPO @ ~20 cents3Indian Ocean Capital: Lead Manager to IPOwhich closed oversubscribed in September 20114includes merged holders

Top 20 shareholders (31 May 2012)4

70.58%

Section 2Gold project portfolio

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Regional focus: francophone West Africa

Primary focus (francophone

West Africa)

Secondary focus (francophone

West Africa)

Francophone West Africa

Equatorial Guinea

Mali

Burkina Faso

Benin

Coté d’Ivoire

Niger

Senegal

Guinea

Chad

Central African Republic

Democratic Republic of the Congo

Republic of the CongoGabon

CameroonTogo

1Southern Cross Equities, “Gold in Africa”, - 19 July 20102Ambrian, “West Africa Gold Sector” – March 2010

Volta Mining is reviewing gold, iron ore and other commodities in francophone West Africa

Why West Africa?

» It is the fastest growing gold producing region in the world1

» No.1 globally in gold resourcegrowth (1997–2005)2

» Gold production has increased by more than50% over the last 10 years2

» It plays host to numerousiron ore deposits and has the potential to become a significantiron ore producing region in the future

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Control risks

Burkina Faso

» Security risk: Medium

Gabon

» Security risk: Low

Source: Control Risks. Risk Map 2012 (www.controlrisks.com/Riskmap/Pages/RiskMap.aspx)

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Why gold in Burkina Faso?

» Burkina Faso is the 5th largest gold producer in Africa and one of the fastest growing1 – One gold mine operating in

20073

– Six gold mines operational by 20103

» Rapidly expanding mining sector with over 60 foreign companies exploring in Burkina Faso3

» Pro-mining government that operates under a modern, clear mining code (revised in 2003)

» Good infrastructure (grid power, water)

Country % Greenstone belt

+1 Moz Gold deposits

Ivory Coast 35 8Moz

Burkina Faso

22 12Moz

Ghana 19 110Moz

Guinea 11 12Moz

Mali 10 33Moz

Senegal 3 3Moz

TOTAL 3 +170Moz

Table: Greenstone belt exposure and Au deposits, West Africa (source: USGC Minerals Commodities)

3Mining Journal special publication, “Burkina Faso”, Nov 2011

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Gold project portfolio, Burkina Faso

Option to acquire 100% interest in three projects in Burkina Faso*

Koro Gold Project» Three (3) permits totalling: 615.6km2

» Evidence of three (3) artisanal mining sites

» Maiden auger drilling programme complete

Ibi Palga Gold Project» Two (2) permits totalling: 492km2

» Evidence of five (5) artisanal mining sites

» Maiden auger drilling programme complete

Dangue Gold Project» One (1) permit totalling: 242.51km2

» Evidence of three (3) artisanal mining sites

» Exploration programme underway *For full commercial terms see ASX Announcement “Volta Mining acquires strategic portfolio of new projects in Burkina Faso and Mali” dated 27 January, 2012

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Koro & Ibi Palga Gold Projects: auger results

What is the significance of the maiden auger drilling programme results?

» Drilling to date (11,836m; 1,311 holes) has confirmed large areas of anomalous gold at artisanal mining sites at the Koro and Ibi Palga Gold Projects

» The results confirm the potential for the areas to host significant gold mineralization

» Follow-up RC and infill auger drilling programmes are planned for both Koro and Ibi Palga Gold Projects

» Overall, the results support Volta Mining’s objective to define at least one gold resource of 1 million ounces of gold

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Koro & Ibi Palga Gold Projects: regional geology

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Koro Gold Project, Burkina Faso: auger results

Arbole Sud–Titanguen artisanal mining site

» Results have confirmed the presence of surface gold anomalism with geochemical values up to 11,000ppb

» Previously defined anomalous area has the potential to be increased up to 7km based on regional auger results and geophysical information

» Geochemical auger drilling suggests that the style of mineralisation is similar to that of the Kalsaka gold mine situated in greenstone (green schist) 30km to the north

» Stage 1 RC drilling and infill auger drilling programmes are being planned to test the extension of the Arbole Sud-Titanguen artisanal mining site

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Koro Gold Project, Burkina Faso: auger results

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Ibi Palga Gold Project, Burkina Faso: auger results

Doussare-Kouma artisanal mining site

» Results have confirmed the presence of surface gold anomalism with geochemical values up to 1,030ppb

» Previously defined anomalous area remains open along strike based on regional auger results and geophysical information

» Geochemical auger drilling suggests that the style of mineralisation is shear zone style gold mineralisation

» Stage 1 RC drilling and infill auger drilling programmes are being planned to test the extension of the Doussare-Kouma artisanal mining site

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Ibi Palga Gold Project, Burkina Faso: auger results

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Next steps

Exploration plan – Stage 1

» 4,000m RC drilling across both project sites

» 20,000m auger drilling (infill and regional) across both project sites

Timeframe:

» 6 - 8 months

Funding

» Fully funded to complete both programmes

Outcomes

» Proof of concept to warrant resource drill out

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Our value proposition: current portfolio

Have a JORC Resource

>2MozGold Explorers

Market capitalisation AUD27 – AUD60 million

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Volta Mining’s current portfolio of assets have the potential to be a company maker in their own right

?

There is the potential for significant upside upon the diversification of Volta Mining’s portfolio to include an iron ore asset

An increase in market capitalisation is possible following the achievement of Volta Mining’s medium term goals which include:» An increase in land

position in Burkina Faso

» The completion of RC & auger drilling programmes on new projects

Section 3Iron ore in Gabon

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Why iron ore in Gabon?

Geology

Infrastructure

No cross-border issues

Politically stable

Actively looking to increase foreign investment in mining

2

Belinga iron ore (4BT @ +60% Fe)

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Imminent potential iron ore acquisition

» Can leverage off the Belinga (4BT @ +60% Fe) committed infrastructure

» Management view Gabon acquisition as a better opportunity than Mayoko initially presented

» Intend to have an exploration target in the short term

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Track record of success

Volta Mining’s management team were responsible for the acquisition and development of the Mayoko Iron Ore Project (DMC Mining) in Republic of Congo which grew from 33MT to an Exploration Target of 0.7BT – 1BT of iron ore in a three (3) year period

Mr David SumichManaging Director & Founder

Mr Mohammed MunkailahCountry Manager

Mr Liviu TusaSenior Geologist

Dr Alain GachetTechnical Consultant

2007 - 2010

Mr David SumichManaging Director & Founder

Mr Mohammed MunkailahRegional Manager, Africa

Mr Liviu TusaExploration Manager

2011 to date

Dr Alain GachetTechnical Director

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Case study #1: DMC Mining Limited

» IPO: Market capitalization of approximately AUD5 million

ACQUIRE

ADD VALUE

MONETIZE

July 2007

» Acquired the Mayoko Iron Ore Project (Republic of Congo)

Dec 2007

» Initial JORC resource – Mayoko Iron Ore Project (33MT)

May 2008

» Initial Scoping Study completed» Employed 100+ Congolese and trained five (5)

geologists» Local community provided with water and

medical supplies

June 2008

» Rail access agreement with CFCOApril 2009

» MOU with port authority (PAPN)June 2009

» Exploration target size of 0.7-1.0 billion tonnes at Mayoko Iron Ore Project

July 2009

» Stage 2 drilling and metallurgical testwork commenced

Dec 2009

» On-market cash takeover valued company at approximately AUD50 million

March 2010

AUD5 million

AUD50 million

Mr David Sumich Founder & Managing Director (2007 – 2010)

Commodity Iron oreLocation Republic of Congo

2012: African Iron Limited (ASX: AKI), owner of Mayoko asset, under takeover for ~AUD330 million

» Stage 1 drilling commencedMay 2008

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Prospective assets: iron ore, Gabon

Volta has already formed strong in country relationships with key government groups

Volta Mining’s David Sumich, Managing Director (l) and Mohammed Munkailah, Regional Manager-Africa (r) with Minister of Mines for the Gabonese Republic (c)

HE Ali Bongo Ondimba, President of the Gabonese Republic speaking at the Volta Mining sponsored Australia-Africa Business Council Presidential Breakfast - Perth, April 3, 2012

Section 4Summary: why invest in Volta

Mining?

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Summary: why invest in Volta Mining?

» Management have acquired , developed and monetized world class projects and our vision for Volta Mining is to replicate and exceed past successes

» The gold assets have the potential to be a company maker in their own right

» RC programme to commence imminently with continuous flow of results to follow

» Imminent Gabon iron ore acquisition has the ability to greatly increase market capitalisation within a short period of time

Thank you

@VoltaMining