Indophil Resources – An Emerging Copper Producer

AusIMM(Melbourne Branch)2 October 2007

Tony Robbins(representing Richard Laufmann)

www.indophil.com

This presentation contains forward-looking statements that involve subjective judgment and analysis and accordingly, are subject to significant uncertainties and risks, many of which are outside the control of, and are unknown to, Indophil Resources NL (“Indophil”). In such circumstances, the forward-looking statements can be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “seek”, “estimate”, “believe”, “continue” or other similar words.No representation, warranty or assurance is given or made in relation to any forward-looking statement by Indophil or its representatives. In addition, no representation, warranty or assurance is given in relation to any underlying assumption or that any forward-looking statements will be achieved. Actual future events may vary materially from the forward-looking statements and the assumptions on which the forward-looking statements are based. Accordingly, readers are cautioned not to place undue reliance on such forward-looking statements as a result of the uncertainties.In particular, Indophil wishes to caution readers that these forward-looking statements are based on economic predictions and assumptions of reserves, mining method, production rates, metal prices and costs (both capital and operating) developed by Indophil Management in conjunction with consultants.This presentation and the forward-looking statements made in this presentation speak only as of the date of the presentation. Accordingly, subject to any continuing obligations under the Corporations Act and the Australian Stock Exchange Listing Rules, Indophil disclaims any obligation or undertaking to publicly update or revise any of the forward-looking statements in this presentation, whether as a result of new information, or any change in events, conditions or circumstances on which any such statement is based.

© Indophil Resources NL 2007

Disclaimer

Indophil’s Tampakan Copper-Gold Project

‘Major Projects – What makes them and what kills them!’

Indophil – Let’s Set The Scene (with a ‘major project’)

• World class Tampakan Copper-Gold Project in the Philippines– 1.97Bt @ 0.72% Cu equivalent - largest undeveloped copper-gold resource in SE Asia– Xstrata 62.5%, Indophil 34% with agreement to build to 37.5%– 11.6Mt copper & 14.6Moz gold– Production of 210Ktpa Cu, 218Kozpa Au (16th in world) - high grade start-up– Cash costs less than US$0.66c/lb – low 2nd quartile

• Strong balance sheet– Net cash > A$100 million

• Clear Board focus on growth → short term objective to become producer– Respected mid-cap miner within short timeframe

Tampakan – A World Class Development

Pre-feasibility study completed Sept 06 with definitive feasibility study due for completion by end of 2008Xstrata management from 1 April 07

Status:

540Ktpa @ 35-40% Cu, 10g/t Au, <0.4% AsConcentrate:

88% Cu, 70% AuAverage Recovery:

210Ktpa Cu, 218Koz AuMetal in Concentrate:

+25 years Mine Life:

1 ore : 0.83 wasteStripping Ratio:

30Mtpa ore with capacity to expandProduction:

657Mt @ 0.78% Cu, 0.32g/t Au [0.97% Cu eq] at 0.3% Cu cut-offInitial Planning Inventory:

1.97Bt @ 0.59% Cu, 0.23g/t Au [0.72% Cu eq] at 0.3% Cu cut-off Mineral Resource (JORC):

Tampakan – A Giant Deposit

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Large Asian Copper Deposits – Developed and Undeveloped82Mt

Tampakan – Production: Global Ranking

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© www.minecost.com

Tampakan – Globally Cost Competitive

Copper price, production rateKey Sensitivities:

US$1.4 billionTotal Direct Project Capital:

Managed in-house with high quality consultants used –AMEC, Golder Associates & GHD

Pre-feasibility Study Basis:

Industry standard process involving: 1. Single stage crushing2. Closed circuit grinding SAG / ball mill circuit3. Rougher flotation, re-grinding, cleaner flotation4. Concentrate thickening and de-watering

Process Outline:<US$7.00 per tonne of ore milledLong Term Operating Cost:<US$0.66/lb Cu – does not include potential Mo creditCash Operating Cost:

US$0.5 billion – off balance sheet as provided by third partiesAssociated Infrastructure Costs:

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)Tampakan – Cash Costs Global Ranking

Low 2nd Quartile Cash Costs

© www.minecost.com

Tampakan – Strong Cash Flow Leverage to Copper Price

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• Copper prices as shown, gold US$500/oz• Operating cash flow after infrastructure, before project financing & tax payments • Each US$0.25/lb increase in copper price generates >US$100m in cash flow

Tampakan – Location

Sarangani Bay

LakeBuluan

20KM

Davao Gulf

Sarangani

Davao Del Sur

SouthCotabato

Sultan Kudarat

Manila

MINDANAO

TampakanCopper - Gold

Project

Maguindanao

Korondal

Columbio Matanao

Kiblawan

Tampakan

General Santos City

TampakanCopper - Gold

Project

Province BdysMain roads

Columbio FTAA

Tampakan – Resource Estimate

Measured, Indicated & Inferred

14.611.60.72760.230.591.970.3

15.712.50.66720.210.542.320.2

Au (Moz)Cu (Mt)Cu Equiv %

Mo (ppm)Au g/tCu %Billion Tonnes

Cu Cutoff (%)

Source: Hellman & Schofield• Resource estimation within a conceptual open pit at prices of US$450/oz Au and US$1.50/lb Cu

assumed for pit base definition.• Mt = million metric tonnes, Cu Equiv % = Cu + 0.58 x Au value, Moz = million ounces.• Molybdenum has potential to add significant value.

Tampakan – Exploration Potential

Exploration Potential 2 - 72 – 5 0.15 – 0.20 0.3 – 0.50.4 – 1.4

Au (Moz)Cu (Mt)Au (g/t)Cu (%)Billion Tonnes

Notes:

• Exploration potential within conceptual open pit at 0.2–0.4% Cu cut-off grade.

• Exploration Potential is mineralisation contained within a conceptual open pit, but not classified within JORC 2004 Guidelines. See www.indophil.com for explanation of basis for Exploration Potential.

Tampakan – The Resource

500M

Line 715950N

Line 714830N

715000mN

505000mE

High grade zone approx. >=100 metres& >=1% CopperMineralised zone @ 0.5% Cu cut-off

Mineralised zone @ 0.3% Cu cut-off

Structures

NOTE: Resource as at 31/07/2007

Drillhole location

Drillhole with intersection >=100 metres& >=1% Cu

Columbio FTAA

Tampakan – The Resource

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Drill Cross - Section 715950mNW E

RL (m)

44/0.92

156/1.4

142/1.24

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Metres / Cu (%) Higher GradeIntersection

Limit of 1.0% Copper cut-off

Limit of 0.5% Copper cut-off

Limit of 0.3% Copper cut-off

Upper limit of low As (150ppm)

Tampakan – The Resource

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Limit of 1.0% Copper cut-off

Limit of 0.5% Copper cut-off

Limit of 0.3% Copper cut-off

Upper limit of low As (150ppm)

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Tampakan – The Community

• Excellent relations developed through extensive community programs

– Community development budget >A$0.5 million pa under Principal Agreements

– Equal funds allocated to health & education– Education: students & adult literacy scholarships – Health partnership programs– Competence centres – skills training– Governance programs– Local infrastructure

• Support/cooperation agreements in place with local government units and indigenous peoples groups

• Project currently provides approx. 500 full-time jobs

Tampakan – The Environment

• President’s Environment Award 2006

• Baseline environmental studies well advanced

• Environmental Impact Assessment studies– EIS for FTAA completed and submitted– Technical scoping with government & public consultation

• Environmental guidelines and programs developed– Environmental code of conduct and awareness program– Community-based environmental monitoring programs– Reforestation and planting forest buffer zones– Comprehensive land use plans– B’laan ‘upland research’ centre - livelihood capability

programs

Tampakan – Project Schedule (Indophil’s PFS)

Tampakan – Regional Project Upside

Tampakan Cu-Au Deposit

Silway

Bong Dalol

Bukay El

Salnaong

Camp 5 East

125°E

2.5KM

6°30’N

Soil Geochemistry Prospect

Columbio FTAA

And to the Topic!

Stated simply . . .

What MAKES a major project can also KILL it

• The deposit• People• Government• Partners• Social license• Location• Timing/luck

The Deposit

• Grade• Tonnage• Metallurgy• ‘Mineability’

People

• Management– Send the ‘A’ team– Their experience, attitude– Internationalisation V colonialism– Process & system

• Access to skilled labour

Government

• Red tape (bureaucracy)• The approvals process• Fiscal regime• Security of tenure• Shifting goal posts• Political stability (sovereign risk)

Partners

• At the top end . . .– Size matters – complete with solid international reputation– Banking requirements

• At a local level . . .– Knowledge– Ability to deliver– Inclusive, patient

Social License

• Community support• ‘Informed consent’• ‘What’s in it for me?’

– Financial benefits– Jobs and training– Community and environmental programs– An opportunity to pursue community and self development

• Law and lore

Location

• Existing infrastructure– Power– Water– Supply routes

• Access to services, supplies and skilled people• Proximity to markets• Law and order, regional stability

Timing/luck

• Commodity prices • Market conditions

– Economic well-being– Access to capital

• Technological advances

Indophil – History of Achievement

Infill and delineation drilling program commences at TampakanMay 2003

Tampakan project management passed to Xstrata CopperApril 2007

Tampakan PFS delivered on time and on budget• Confirming the economic viability of a world class project

Sept 2006

Tampakan resource estimate upgraded to 1.97Bt @ 0.72% Cu equivApril 2006

A$27m pre-feasibility study (PFS) commences at TampakanApril 2005

Indophil lists on the ASXMay 2002

Columbio FTAA (Tampakan project) transferred to IndophilDec 2001

Incorporation of Indophil Resources NLDec 1996

Indophil – Entering An Exciting New Growth Era

• Business development objective – Indophil as a producer • Cash reserves of A$100+ million

– Strong Board support

• Opportunity driven with focus on Asia - Pacific – Advanced projects

• Copper and gold focus with opportunistic nickel and zinc plays

Indophil – The Report Card

• World class Tampakan copper-gold project– Giant copper-gold resource with 1.97Bt @ 0.72% Cu equiv at 0.3% cut-off grade– Pre-feasibility confirmed potential to be top 20 global producer at low 2nd quartile

cash costs– Entered definitive feasibility stage under Xstrata management

• Strong management – progressed world class asset in challenging environment– London Mining Journal Perseverance Award 2006– Various industry and government awards in the Philippines

• Cashed up and entering exciting growth era • Smooth management transition – TRobbins to RLaufmann

Indophil - Corporate Information

• ASX listed: code IRN• Market capitalisation: approx A$376 million (A$1.00 share price)• Issued shares: 375.6 million• Directors:

Chairman - Brian PhillipsCEO/MD - Richard Laufmann Non Executive Director - John O’ReillyNon Executive Director - Richard PottsNon Executive Director - Tony RobbinsNon Executive Director - Kyle Wightman

• Contacts:Richard Laufmann, CEO and MD – richard.laufmann@indophil.comScott Caithness, GM Exploration & Business Development – scott.caithness@indophil.comGavan Collery, Manager Corporate Affairs – gavan.collery@indophil.com

Indophil Share Price History

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Thank You – Questions?

www.indophil.com