Located in West Timor, Indonesia.

Bligh Mining has no debt, majority ownership in 22 IUP's located across Flores, Sulawesi & West Timor, covering an area of 76,233 hectares. The assets are potentially world class and strategic in nature. The company has achieved marked success by attracting and committing substantial investment from a high profile Indonesian Fund (Sampoerna Strategic), investing $6 million AUD in March 2012 as part of a $9 million AUD raise at 25c. In addition Bligh has assembled highly skilled management to achieve early production and revenue for the company. Bligh is aiming to build a significant global mineral inventory within 6-18 months of listing toward a Conceptual Manganese Target of 5-20Mt (Indicated JORC resource) in West Timor. The company has made extensive steps towards mapping the occurrences of manganese on Timor, displaying multiple parallel mineralised zones which can be traced along strike for up to 500 metres and occur over widths of several tens of metres. To be confirmed by drilling. The deposits are demonstrated potential for hydrothermal primary manganese mineralisation (similar to Woodie Woodie) in multiple veins & sheeted fracture zones containing massive to breccia filling manganese. A number of individual zones have been discovered in the TTU concession areas with outcrops of massive manganese up to 3m in width. Bligh has 10 highly experienced geologist deployed in the field and numerous other logistics, CSR and field assistance teams. Bligh aims to deliver a pipeline of results post IPO. PT Konstructur the Copper & Gold assets in Sulawesi and PTMM the copper, lead and zinc and manganese concession in Flores have shown significant promise with preliminary assay and trenching work returning strong results. Current investigations are focusing on possible epithermal and porphyry-style mineralisation. Bligh should not require further funding prior to cash flow. The early cash-flow from manganese sales will enable the advancement of exploration on the company’s base and precious metal assets in Sulawesi and Flores. Bligh has held recent discussions with potential off-takers for its manganese ore. Whilst these discussions are early stage, it is the company’s intention to secure a long-term off-take contract. West Timor World Class Opportunity. The manganese is high grade (45-55%), metalurgically clean (better for smelting and better price), low in Fe, Al and P. The cost Structures of West Timor are half the current costs of other high-grade manganese suppliers, costs per tonne for mining, crushing, logistics range between US$60-90/ tonne depending on distance from the port and stripping ratio. The quality of the manganese with very low contanements demonstrates a world class mineralisation style that if produced will deliver a competitive advantage. The proximity to markets in Asia, low expected overburden and quick time to production provide additional advantages. Roads in Timor are generally in good condition, capex for production should be low, opex should also be low due to high grade, distance to coast and existing infrastructure. Irrespective of the Iron Ore market dynamics, Bligh expects the opportunity in supplying to meet current demand at the lower quartile part of the high quality Manganese cost curve.

The Bligh prospectus has been approved by the ASX and we are now "live" in capital raising mode. As discussed Bligh is aiming to build a significant global mineral inventory within 4-18 months toward a Conceptual Manganese Target of 5-20Mt (Indicated JORC resource) in West Timor. Early indicated suggest this is strong possibility.

As also discussed the Bligh Strategy of early cash-flow (6-12 months) and longer term exploration potential should deliver maximum returns to shareholders and other stakeholders. The Initial 20,000 ton P/M Manganese production target due to commence in 2013 at current international manganese prices indicate that a $150 + margin is most achievable. The prospectus is on our website, including further detail on the manganese potential of our concessions.

Based upon a 5x earnings multiple, Bligh's initial 240,000 tpa Mn Ore production might fairly be valued at $203.5m ($1.33 / share) - $162.5 a ton EBITDA. Increasing to 720,000 tpa Mn Ore production suggests a possible value of $450.5m ($2.96 /share) - $125.0 a ton EBITDA.

Consolidated minerals (Woody Woody) prior to delisting had 264 Million shares and were purchased for $1.32 Billion or $5 a share. They had 15.42 Mt at 41.5% Mn or $206.50 per contained Mn ton or $85.70 Mn ton of Ore. Early indications suggest the Mn resource at Bligh is geologically similar to Woody Woody.

The next step is we are inviting interested parties to register their interest in Bligh Mining over the next couple of days. I have other groups interested in partnering with Bligh, my intention is to strike a deal with the group best situated to build a meaningful longer term partnership with us.