Announcement PDF ASX/Media Release 25 May 2015 Presentation to Broken Hill Resources Investment Symposium Attached is a presentation to be given by IVR Managing Director, John Anderson, to the Broken Hill Resources Investment Symposium on Tuesday 26 May 2015. For further information contact: Mr John Anderson Managing Director Investigator Resources Limited Phone: 07 3870 0357 Investigator Resources Ltd ABN 90 115 338 979 Tel: + 61 7 3870 0357 www.investres.com.au PO Box 343, Toowong Q 4066 info@investres.com.au ASX code: IVR Page 1 New discovery opportunities for the Paris silver copper district INVESTIGATOR SOUTH AUSTRALIAN EXPLORERS WITH THE RIGHT TRACK RECORD ASX : IVR RESOURCES LIMITED WELL FUNDED & DRILLING John Anderson – Managing Director Broken Hill Resources Investment Symposium 26th May 2015 Disclaimer & Competent Person Statement DISCLAIMER The information in this presentation is published to inform you about Investigator Resources Limited and its activities. Some statements in this presentation regarding estimates or future events are forward looking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. All reasonable effort has been made to provide accurate information, but we do not warrant or represent its accuracy and we reserve the right to make changes to it at any time without notice. To the extent permitted by law, Investigator Resources Limited accepts no responsibility or liability for any losses or damages of any kind arising out of the use of any information contained in this presentation. Recipients should make their own enquiries in relation to any investment decisions. COMPETENT PERSONS STATEMENT The information in this presentation relating to exploration results is based on information compiled by Mr. John Anderson who is a full time employee of the company. Mr. Anderson is a member of the Australasian Institute of Mining and Metallurgy. Mr. Anderson has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Anderson consents to the inclusion in this report of the matters based on information in the form and context in which it appears. The information in this presentation that relates to Mineral Resources Estimates at the Paris Silver Project is extracted from the report entitled “Maiden Resource Estimate for Paris Silver Project, South Australia” dated 15 October 2013 and is available to view on the Company website www.investres.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement. Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 2 IVR’s focus on the emerging Uno Province - first mover Initial resource • Paris 20Moz silver deposit is significant   On-going internal studies on options New geology & deposit styles for SA Excellent flow-on discovery opportunities • Diverse style potential    Imiter high-grade silver Skarn & breccia/porphyry copper Skarn & Ardlethan tin • Improved targeting after challenging 2014  Paris Rolling out upgraded mineral systems model (dykes patterns, alteration, metal zoning) Maximising use of available cash • Capitalising on Know How & drillcore assets    Remapping & relogging Prioritising multiple new targets Collaborative research Drilling best target opportunities in mid-2015 Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 3 Corporate Overview Capital Structure ASX listed since 2007 Shares (ordinary) Options (Listed) Options (unlisted) Share Price (20 May 2015) Options Price “ “ “ Market Cap (A$m) Cash (31 March 2015) IVR 462.3M 114.2M 15.5M 1.4c 0.4c $6.5M $3.4M Share Register as at 20 May 2015 CITIC Australia (Since IPO 2007) Acorn Capital (Since 2011) Board & Management Top 20 Total shareholders Investigator Resources Ltd 14.5% 6.0% 2.7% 36.4% 3,423 Broken Hill Resources Investment Symposium 26th May 2015 4 2009–2011: Initial success of Paris silver discovery Came from soil geochemistry & unmapped epithermal outcrops Helen c. 3oz silver Helen East 1996 Helen Alexander Paris Paris South c.1oz silver Nankivel alunite haematite Granodiorite altered rhyolite 1985 drilling for breccia: BHT deposits Possible barren shoulder to a porphyry-style hydrothermal Nankivel system 1km 2010 Silver-in-soils on TMI magnetic image for Paris-Nankivel area Investigator Resources Ltd Broken Hill Resources Investment Symposium Mapped 1990 26th May 2015 5 2012-3 drill out of Paris silver deposit – maiden resource October 2013 Category Tonnes Grade Contained silver Grade Contained Lead Inferred 5.9Mt 110g/t Ag 20Moz 0.6% Pb 38kt Based on a cut-off grade of 30g/t Ag Five Key Points: 1. The Grade - 110g/t Ag grade is among the highest silver grades in Australia 2. The Ounces - 20Moz silver 3. It’s Shallow & Soft - 5 to 150m from surface 4. Preliminary Metallurgy – positive recoveries indicate conventional pathways & optimisation potential 5. High grade component - About 30% of the resource tonnes contains 60% of the contained silver ounces Investigator Resources Ltd Surface to 150m Broken Hill Resources Investment Symposium 26th May 2015 6 Paris target model - cross section Potential for multiple centres & associated deposit styles Paris target vectors WARM Distal volcanic & granite breccia Altered overlying volcanics Altered polymict breccia (vent) HOT Hydrothermal breccia Sulphide fragments Alunite Paris Palaeo-surface Reactive basement - altered dolomite - graphitic sediments 2km Late mineralising dykes Early intrusive Magnetite-associated skarn copper deposits Potential porphyry or breccia copper deposits Source granite 7 Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 7 2014 drilling of satellite soil targets – mixed results Argos Extension of Paris breccia trend Sporadic intersections Helen East/Diomedes Large alteration breccia zone Helen Paris Best silver intersection 4m @ 143g/t Ag 11% Pb 20Moz silver Alexander Weakly mineralised volcanics 1km Nankivel West Not yet drilled Current drill coverage: IVR Nankivel No further access Pre-IVR Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 8 Copper success at Helen shows potential but raised questions on soil geochem (no signature at Helen; chlorite alteration at Diomedes etc.) Helen West Alexander Paris Helen East Diomedes Helen Copper 9m @ 1.14% Cu 0.31g/t Au 9m @ 377g/t Ag Nankivel Rim Nankivel Central 1km Copper-in-soils on TMI magnetic image for Paris-Nankivel area Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 9 Uno Province in 2015 – robust regional metallogenic model Paris Investigator Resources Ltd Menninnie Dam Parkinsons Dam Broken Hill Resources Investment Symposium 26th May 2015 10 Upgraded model for Paris system Early structures & intrusives Scalloped Uno Fault splays Late NE rhyolite dykes 1km Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 11 Expanded target potential – close similarities in setting with Moroccan world-class high-grade silver mine Rhyolite Granodiorite Imiter 290Moz silver field at same scale 1km Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 12 Paris district – abundant potential, targets & room Roles of dykes, structures & intersections in locating mineralisation EL4827 “Mt Nott 100% IVR Preliminary targets in magnetics Imiter 290Moz silver field at same scale Paris EL5419 “Thurlga” JV EL5368 “Peterlumbo” 100% IVR 5km Tilt magnetic image; Thurlga Joint Venture with Adelaide Resources Limited Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 13 Composite regional cross section - strong Imiter analogy Potential around Paris for vertical silver deposits with subtle soil footprints Imiter, Morocco: Historic resource 290Moz silver; Annual production c. 7Moz; Grade c. 440g/t Ag As in the Paris district: Preserved ancient epithermal; Host– base of volcanics in regional E-W fault; Adjacent to reactive sediments; Early granodiorite; Mineralising NE rhyolite dykes; Large low-grade halo. Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 14 Rolling out the IVR approach: e.g. Thurlga JV - magnetics, aerial ortho-imagery, prospecting Sunset pits – altered volcanic breccia Rare exposure of Uno Fault Zone containing Ironstone breccia (As Ba anomalous) & Interpreted rhyolite breccia 5km 5km A) TMI/RTP Magnetic image; B) Topographic contour image ( 5m contours: red stars are shallow historical drill holes) Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 15 IVR approach: e.g. Thurlga JV - soil geochemistry remains a key exploration ingredient 5km Silver Copper Gold Recent results: First-pass soil geochemistry delineates broad coherent anomalies coincident with preliminary magnetic targets based on Paris model Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 16 High-priority Thurlga targets – infill soil sampling & prospecting underway c. 5km 5km Postulated early intrusive Imiter field template at same scale Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 17 Paris field (100% IVR): Remapping & reviewing extensive datasets e.g. Arsenic as a pathfinder to possible fault-hosted Imiter-style targets Paris 1km Investigator Resources Ltd Broken Hill Resources Investment Symposium 26th May 2015 18 Target Prioritisation Argos/Ares North Ag Pb Au Cu Drill mid-year Subject to remapping & review (some targets subject to heritage survey) Helen West Cu Au Ag Diomedes Helen East Helen SW skarn Cu Au Ag Cu Au Ag Cu Au Ag Nankivel East Rim Cu Au Alexander SE Cu Au Ag Nankivel Central porphyry/breccia? Cu Au 1km Investigator Resources Ltd Nankivel West Ag Pb Au Broken Hill Resources Investment Symposium Nankivel Ag Pb Au 26th May 2015 19 Maintaining progress through a major downturn Investigator Resources is offering multiple breakthrough opportunities for further silver lead copper gold discoveries in an emerging mineral province Our focus is building on the Paris silver resource with the surrounding potential Requires judicious and warranted application of available funds Leveraging extensive & valuable drill samples, datasets, IP & infrastructure 1. Drilling of highest priority targets is planned for mid-year (Government funding grant for collaborative drilling) Geological Survey of SA geoscientists examining Paris core • Three prime targets near Paris for silver add-ons, skarn copper & a porphyry/breccia central to the mineral system 2. Integrating multiple datasets & remapping to develop new drill targets in the Paris minerals system • Includes potential for Imiter-style high-grade silver deposits that may have subtle soil & ironstone signatures 3. Offering these assets & the central Paris Hilton camp as a collaborative research platform to expand our targeting capability Interstate Chief while benefiting the wider exploration community (Collaborative research MOU with GSSA) Investigator Resources Ltd Government Geologists’ visit to Paris camp Broken Hill Resources Investment Symposium 26th May 2015 20