RARE EARTHS, SPECIALITY& STRATEGIC METALSINVESTMENT SUMMIT

Ngualla Project: A large new rare earth discoveryRi h d B l M i Di t P k RRichard Beazley – Managing Director, Peak Resources

IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 13-14 MARCH 2012www.ObjectiveCapitalConferences.com

Ngualla Project a large New rare eartH discovery

2

The information contained in this presentation is for information purposes only and has been extracted entirely from documents or materials publicly filed with the Australian Stock Exchange and/or the Australian Securities and Investments Commission. This presentation is not an offer or invitation to subscribe for or purchase securities in the Company.

The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.

The Company does not warrant that the information contained in this presentation is accurate or complete. The information has been prepared on a best endeavours basis. Recipients of this presentation assume all risk and liability resulting from the use of the information contained in this presentation including but not limited to consequential damages.

To the extent that the presentation contains any projections or other forward looking statements, those statements involve a number of known and unknown risks, uncertainties and other facts that may cause actual performance to be materially different from those expressed or implied by those statements. These forward looking statements are not historical facts but rather are based on Peak’s current expectations, estimates, projections and beliefs and assumptions regarding future performance. Words such as “scenario”, “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “forecasts” and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors.

In providing this presentation, Peak Resources Limited has not considered the financial position or needs of the recipient. Persons needing advice should consult their stockbroker, bank, manager, solicitor, accountant or other independent financial and legal advisors.

Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information contained in this presentation and should obtain independent professional advice before making any decision based on the information.

Competent Person StatementThe information in this presentation relates to Exploration Results based is based on information reviewed by David Hammond who is a Member of the Australasian Institute of Mining and Metallurgy, David Hammond is a Director and full time employee of the Company. He has sufficient experience which is relevant to the 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 Reporting of Exploration Results, Mineral Resources ad Ore Reserves’. David Hammond consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Not for release or distribution in the United States.

Disclaimer

1/ Corporate Details2/ Rare Earth Markets3/ Ngualla Rare Earth Project 4/ Maiden Resource5/ Project Advantages6/ Development Schedule

Outline

4

Investment Highlights

Moving from Explorer to Developer

• Maiden Resource – 29th February 2012

• 4th largest rare earth deposit outside of China

• Highest grade of the six largest deposits

• Low market cap for size of resource – significant upside

• 100% ownership

• Distinct project advantages support Peak’s aim to be in the lower cost quartile of producers

• Encouraging early stage metallurgical test results

• Niobium – tantalum, phosphate and rare earth exploration upside

• Scoping studies commencing

5

Ordinary Shares on Issue: 207.1m Cash at 1st March: $6.6m52 week range: $0.26 - $0.87Market Cap: $111.8m (at $0.54)

Share Price (01 July 2010 – 1st March 2012)

Corporate Details

Board and Senior ManagementAlastair Hunter Non-executive Chairman

Richard Beazley Managing Director

Dave Hammond Technical Director

Jonathan Murray Non-executive Director

Linda Paini Company Secretary

Brian Lloyd Exploration Manager (Tanz)

ConsultantsResource consultants: Hellman & Schofield Pty Ltd

Metallurgical & mineral processing: Bateman Engineering Pty Ltd

Mineral processing test laboratory: Amdel

Legal representation: Australia: Steinepreis PaganinTanzania: AKO Law

Auditor: Deloitte Touche Tohmatsu

Options outstanding: 11,041,667Liquidity: 1.8 million shares per day (av. over 3 months)

IPO Date: 29 November 2006

ASX: PEK 1st March 2012

$0.89 –

$0.79 –

$0.69 –

$0.59 –

$0.49 –

$0.39 –

$0.29 –

$0.19 –

$0.09 –30 SEPT 2010 30 DEC 2010 31 MAR 2011 30 JUNE 2011 29 SEPT 2011 29 DEC 201101 JULy 2010

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The Rare Earth Market

• China controls 97% of supply, export restrictions, price increases, the West is searching for alternative supply

China USA Other

Global Rare Earth Metal Oxide Production (,000 tonnes)

140

1956 20081965 1985 2002

20

40

60

80

100

120

Nd Oxide Pr Oxide La Oxide Ce Oxide

Rare Earth Metal Oxide Price ($US per tonne)

350,000

2004 20112005 2006 2007 2008 20102009

50,000

100,000

150,000

200,000

250,000

300,000

Source: Metal – Pages Ltd

Clean energy Digital technology

• Growth markets in renewable energy and advanced technologies

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!Mbeya

Dar Es Salaam

UGANDA

KENYA

ZAMBIA

MALAWI

Lake Victoria

Indian Ocean

Lake Rukwa

Ngualla Project

Lake Nyasa

T A N Z A N I A

N

400km0 100 200

• Tanzania – an established mining culture

• Third largest gold producer in Africa

• Access to transportation

Location and Infrastructure

Ngualla Project

Lake Rukwa

147km

56km

B363

B345

B6

A104

Dar Es SalaamPort 750km

MbeyaN

50km0 10 25

• Onsite power required

• Good potential for groundwater

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• Virgin discovery – August 2010 • 26,700m drilling for the resource

Resource and exploration drilling

Northern Niobium – Tantalum, Phosphate Zone

Northern Niobium – Tantalum, Phosphate Zone

Southern Rare Earth Zone

SW Alluvials

Max DH REO %:

A 1 to 2%

A 2 to 3%

A 3 to 5%

A >5%

Max DH REO %:! <1%! 1 – 2%! 2 – 3%! 3 – 5%! > 5%

OPEN OPEN

OPEN

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The information in this report that relates to Mineral Resources is based on information compiled by Rob Spiers, who is a member of The Australasian Institute of Geoscientists. Rob Spiers is an employee of geological consultants Hellman and Schofield Pty Ltd. Rob Spiers has sufficient experience which is 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 Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Rob Spiers consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

• Ngualla Mineral Resource – 1.0% and 3.0% cut off grades

Maiden JORC Resource 29th February 2012

Classification of Mineral Resources for the Ngualla Rare Earth Project, 1.0% and 3.0% REO cut-off grades.

Lower cut – off grade

Resource Category

Tonnage (Mt)

REO (%)*

Contained REO tonnes

1.0% REO

Measured 29 2.61 750,000

Indicated 69 2.43 1,700,000

Inferred 72 1.92 1,400,000

TOTAL 170 2.24 3,800,000

3.0% REO

Measured 11 3.99 430,000

Indicated 21 4.09 850,000

Inferred 8.7 4.11 360,000

TOTAL 40 4.07 1,600,000

*REO (%) includes all the lanthanide elements plus yttrium oxides.

10

9

8

7

6

5

4

3

2

1

0

12

10

8

6

4

2

0

REO

Grad

e (%

)

Cont

aine

d RE

O (M

t)

REO grade %

Contained REO (Mt)

350m Depth to base of resource

375m

300m

240m

155m450m

126m 600m

155m

• Ngualla is a large, high grade, globally significant rare earth deposit

• It is the highest grade of the 6 largest deposits outside of China

• Shallow resource and outcropping high grade mineralisation positions Ngualla as a potential low cost open pit mine

Global top 4 Rare Earth Deposit

Niobec

Kvane

fjeld

Necha

lacho

Nguall

a (Bulk

)

Montvi

el

Strang

e Lak

e

Mounta

in Pa

ssEld

or

Nguall

a (High

Grade)

Mount

Weld

Zand

korps

drift

Nolan’s

Bore

Bear L

odge

Dubbo

Nora Karr

Wigu Hill

Source: Company filings and Technology Metals Research

Project Comparisons

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5 rare earths are forecast to be in critical undersupply: • Neodymium, • Dysprosium • Europium • Terbium • yttrium

54% of the in ground value at Ngualla is from these 5 critical RE’s. Neodymium is the major contributor at 35%

Ngualla has a typical mix of critical rare earths and compares well with other large deposits

Critical Rare Earths

Imp

ort

ance

to

cle

an e

nerg

y

Supply risk

1 (lo

w)

2 3

4 (h

igh)

1(low) 2 3 4 (high)

CeriumCobaltGallium Indium

LanthanumManganesePraseodymium

Nickel

Neodymium

EuropiumLithium

YttriumTellurium

Dysprosium

Terbium

Samarium

Critical

Near-Critical

Not Critical

Critical REO as % of total

17.0

20.0

12.2

16.1

19.820% –

15% –

10% –

5% –

0 –Ngualla SREZ Ngualla SW

alluvialsMountain

PassBaiyunebo Mt Weld

La2O3 27.4%

Other 1%

Sm 1%

Y 1%

Gd 2%

Dy 3%

Nd 35%

Ce 20%

Eu 15% La 11%

Pr 10%

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• Peak currently has a low market cap for the deposit size and quality

• Potential to add value through advancing the Ngualla Project

Peer Comparison – Value Upside

$1,400.00

$1,200.00

$1,000.00

$800.00

$600.00

$400.00

$200.00

00.00

Mar

ket C

ap p

er R

EO to

nne

Market Cap

118.0 Market Capitalisation (A$M)

Peak Frontier Tasman MetalsAvalon Arafura MolycorpGreenland M & E

Kimberley RE’s AlkaneQuest Rare Element Lynas

Ngualla Zandkorpsdrift Norra KarrNechalacho Nolans Bore

Mountain Pass

Kvanefjeld Cummins Range

DubboStrange Lake

Bear Lodge

Mount Weld

Major Project

Source: Technology Metals Research and Bloomberg. 5th March 2012.

Market Capital per REO Contained Tonnes

$1,337.89

$971.53

$545.08

$336.88

$276.83$136.69

$118.81$102.70$68.81$60.23

$30.53$26.54

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The consistent blanket of mineralisation at surface, on a hill suggests a shallow open pit with low strip ratios and low cost mining

Mineralisation and Mining

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H NR

C030

H NR

C064

H NR

C066

H NR

C032

H NR

C034

H NR

C037 H NR

C039

H N

DD008

H NR

C041

H NR

C042

H NR

C043

120m

101m94m110m

120m120m

120m

200m

120m

112m

120m120m

1600mRL

1700mRL

1500mRL

482400mE 482600mE482200mE482000mE481800mE

44m @ 1.50% from 76m to EOH

88m @ 2.38% from 20m

34m @ 4.36% from surface

56m @ 5.83%from surface

39m @ 4.39%from surface

52m @ 3.67%from 62m

Alluvial and weatheredbedrock mineralisation

Fresh rock mineralisation

Fresh rock mineralisation

Alluvial and weatheredbedrock mineralisation

150m

700m

200m1000 50

SECTION 9,147,800mN NGUALLA PROJECT SOUTHERN RARE EARTH ZONEFEBRUARY 2012

Drill REO %:

A 1 to 2% A 2 to 3%

A 3 to 4%

A >4%

Block Model REO %:

1 to 2% 2 to 3%

3 to 4%

>4%

Intersection labels REO%:

A Weathered

A Fresh

EASTWEST

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Resource Upside

Ngualla Hill

150m

700m

1km

A

B

REO %:

A >4%

A 3 to 4%

A 2 to 3%

A 1 to 2%

SW Alluvials

OPEN

OPEN

OPEN

OPEN

Mineralisation is open to the north, south and with depth below 150m

OPEN

OPEN

OPENOPEN

Southern Rare Earth Zone

B

A

Block Model

Southern Rare Earth Zone

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Mineralogy and mineralisation styles

FreshFresh

Weathered

Colluvium

Carbonatite

Ultramafic

120m 120m

120m

120m

144m

177m

98m

140m

1400mRL

482400mE482200mE

H NR

C023

H NR

C024

H NR

C025

H NR

C027

H NR

C028

H NR

C029

EASTWEST

56m @ 5.09% from surface

114m @ 1.98% from surface

34m @ 1.82% from 86m

22m @ 1.50% from 56m

28m @ 1.83% from 92m

32m @ 1.47% from 144m to EOH

200m1000 50

SECTION 9,148,000mN NGUALLA PROJECT SOUTHERN RARE EARTH ZONESEPT 2011

% REO A 1 to 2% A >2% A No Sample Recovered

1600mRL

2011 Drill Holes Completed H Results received H Results pending

Intersection Labels % REOA Weathered A Fresh

144m @ 5.14% from surface to EOH

Rare earths occur as the carbonates synchysite and basnaesite with very low uranium and thorium levels – averaging just 21ppm Uand 35ppm Th in the Southern Rare Earth Zone mineralisation above 1% REO.

Photo 1: SEM photograph of a sample from NRC058, 59 to 60m showing coarse bastnaesite crystals (light grey), barite (white) and ankerite (dark grey groundmass).

Fresh 1.5 to 2.5% REOCoarse euhedral RE minerals

Oxide 3 – 8% REO Iron oxide, barite, leached of carbonates

Section 9,148,000mN (detail)

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Metallurgy

Iron Oxide Mineralisation

• Preliminary leach extraction rates of 88% REO.

• Test work in progress to evaluate simple processing route to concentrate production for near surface high grade mineralisation.

Primary Carbonate Mineralisation

• Simple gravity beneficiation shows promise in preliminary sighter tests.

• Mineralisation may be amenable to conventional gravity / flotation beneficiation for concentrate production.

NDD006-Tray4-Weathered-carbonatite

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1km

Intersections up to: 119m at 0.71% Nb2O5 and 162ppm Ta2O5 from surface to EOH58m at 21.2% P2O5 from 4m66m at 1.56% REO from 10m

Northern Zone Exploration Upside

Northern Niobium – Tantalum, Phosphate Zone

Southern Rare Earth Zone

OPEN

OPEN

OPEN

OPEN

NGUALLA PROJECT

3D Projection

Max DH Nb2O5 %

0.50 – 0.75

>0.75

Max DH Nb2O5 %

! <0.25

! 0.25 – 0.50

! 0.50 – 0.75

! > 0.75

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Ngualla – a Quality Rare Earth Project • Location – accessible infrastructure

• Tanzania – established mining friendly legal & taxation system

• 100% clean ownership

• 4th largest RE deposit in the world outside of China

• Highest grade of the 6 largest deposits

19

Ngualla – a Quality Rare Earth Project • Highest grades at surface, on a hill (low strip open cut)

• Very low uranium and thorium levels

• Weathered material may be amenable to simple acid leach

• Fresh mineralisation – conventional gravity / flotation

• Exploration upside – Nb, Ta, P and REO

... on the road to development

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Development Program for Rare Earth ProductionM

ilest

ones

RE E

xplo

ratio

n &

Re

sour

ce D

rillin

gPo

tent

ial P

athw

ay

to R

E Pr

oduc

tion

EXPLORER MINERDEVELOPER

2010 2011 2012 2013 2014

Commenced Metallurgical Characterisation Supply Agreements

Zari JV Aquisition

Maiden Resource Statement

Metallurgical Flow Sheet Development

Pilot Plant Trials

1st Year Drill Program

3rd Year Drill Program

Scoping Study

Pre-Feasability Study

Definitive Feasability Study

Construction

1st Year Drill Program

4th Year Drill Program

2015 2016

Production Start Up

Peak resources LimitedHead Office: Level 2, 46 Ord St, West Perth WA 6872

Ph: +61 8 9200 5360 Fax:+61 8 9226 3831

www.peakresources.com.au

ASX Code: PEK

Richard Beazley Managing Director richard@peakresources.com.au

David Hammond Technical Director dave@peakresources.com.au

Alastair Hunter Non-executive Chairman alastair@peakresources.com.au