Investor presentation delivered by Blackham Resources Managing Director Bryan Dixon, at the Gold Investment Symposium held in Sydney, 8th and 9th October 2014

2. BLACKHAM RESOURCES -FOCUS
RapidexpansionatBLK’s100%ownedMatildaGoldProjectoverthelast2years
AcquisitionofWGPplant&infrastructureunlocksvalueinMatildaGoldProject
4.3MozAuresource,55kmsofstrikeand780km2landholding
Acquisition,exploration&developmentcost~A$3/ozAuresource
Explorationfocusonfree-millingmineralisation
Marketcap~A$18MillionorlessthanEV$4/ozgoldresource
1

3. 2
BOARD OF DIRECTORS
PaulMurphy
Independent Non-ExecChairman
BryanDixon
ManagingDirector
Alan Thom
Executive Director -Development
Greg Miles
Non-ExecutiveDirector
CAPITAL STRUCTURE
Marketcap. @ A$0.15
A$18M
Shares on issue
118.9M
Options @ A$0.20 –A$0.35
14.1M
Cash & liquids @ 30 June 2014
A$2.0M
Debt
nil
SHAREHOLDER ANALYSIS
Top 20
61%
Polo Resources Limited
17.4%
CiticorpNominees
7.3%
HSBC Nominees
7.3%
KingsreefPty Ltd
5.4%
BBY Nominees
2.8%
Widerange Pty Ltd
2.3%
CORPORATE OVERVIEW

4. 3
The right address-low sovereign risk
Large, highly prospective tenement holding in the Northern Yilgarn, Western Australia
Regional endowment >40Moz
8Moz endowment in the expanded Matilda project including 4Moz production
Well positioned for new discoveries and economic development of existing resources
REGIONAL ENDOWMENT

5. 3

6. MATILDA GOLD PROJECT
Resource 40Mt @ 3.3 g/t for 4.3Moz Au –46% at least indicated resource
4Moz of historical production
+780 km2of tenure & 55km of mine sequence strike
All deposits within 20km of Blackham’s gold plant with existing haul roads
Little systematic regional exploration in over a decade
4

7. Mill 1
Up to 1Mtpa
Oxide Ore
Mill 2 Circuit
Up to 550,000tpa
Underground Ore
Mill 1 & 2 Circuit
1.3 Mtpa
WGP PROCESSING CIRCUIT –100% OWNED
6

8. JORC Resources 40Mt @ 3.3g/t for 4.3Moz Au
Mix of open pit & high grade underground ore
Land holding 780km2 –55km of mine strike
Plant 1.3Mtpa capable of treating oxide for 80 -100kozpa1
Biox circuit capable of treating refractory ores
350 person village & established sealed airstrip and roads
Gas power station & diesel backup
Permitted borefields and infrastructure
Operating approvals and licenses
1assumesproductionfromtheGalaxy,MatildaandGoldenAgedeposits.Approximately74%ofthemineralinventoryistoameasuredandindicatedresourcecategory.26%ofthepitareasareinferredresource.Thereisalowlevelofgeologicalconfidenceassociatedwithinferredmineralresourcesandthereisnocertaintythatfurtherexplorationworkwillresultinthedeterminationofindicatedmineralresourcesorthattheproductiontargetitselfwillberealized.
CONSOLIDATED MATILDA PROJECT
5

9. Advanced Resources
-Development Targets
Brown Fields
Green Fields
Matilda Extensions
Golden Age Repeats
Carroll –Prior, Williamson UG
Regent, East & West Lodes
Caledonian Trend
Mentelle, Trend,Galaxy North,
Galaxy
Matilda
Golden Age UG
Williamson
Focus on converting resources to reserves at development targets and finding new deposits in brown and green fields
DEVELOPMENT & EXPLORATION
8

10. 52,000oz Au Inferred Resource located13kms NNW of the WGP plant
February & April drilling
9m @ 13.4 g/t from 73m incl
4m @ 27.9 g/t
2m @ 28.9 g/t from 23m
6m @ 8.82 g/t from 13m
4m @ 19.6 g/t from 37m
Historical intercepts
4m @ 11.5g/tfrom 56m
3m @ 11.3g/tfrom 4m
4m@ 12.3g/t from 6m
8m@ 9.65g/tfrom 72m
9
GALAXY –high grade quartz reef from surface

11. 10
Open up-dip
1.7m @ 11.91 g/t
2.6m @ 25.40 g/t
5.03m @ 11.73 g/t
Open along strike
2.3m @ 15.78 g/t
2.0m @ 20.95 g/t
7.8m @ 7.2 g/t
1.75m @ 11.61g/t
Open at depth
7.4 m @ 7.56 g/t
7.0m @ 11.61 g/t
High grade quartz reef
Produced 160,000oz Au @ 9g/t
Mine ready –development costs sunk
Republic Reef
1.6m @ 12.7 g/t (103m)
2.5m @ 8.3 g/t (312m)
Brothers Reef
6m @ 4.5 g/t (194m)
0.6m @ 11.2 g/t (431m)
GOLDEN AGE U/G

12. 12
Scoping Study pits and resources at Matilda
RESOURCES
Mt
g/t
Au
Oz
Au
Measured
0.1
2.4
9,000
Indicated
4.7
2.0
300.000
Inferred
8.2
1.7
450,000
TOTAL
13.0
1.8
760,000
Production (1987-1992):
2.2 Mt@ 2.6g/t = 181,000oz au
Mostly oxide material mined from 7 shallow pits, generally to < 50m
Existing mining lease and previous Notice of Intent to mine
Mining heritage agreement
Historical mining data -basis for feasibility studies
MATILDA MINE -Near term mining opportunity
11

13. Shallow mineralisation extends 1,000m north of the old pit & still open
M4 DEPOSIT –Recent high grade shallow results open along strike
13
Historical mining: 386,000t @ 2.2g/t Au to < 50m depth
Resource 204,000oz with 93% < 160m from surface
Recent high grade shallow drill results likely to pull the open pit further north

14. High-grade mineralisation in pit floor
Outstanding drill results:
35m @ 5.05g/t (114m) incl 12m@ 9.1g/t
7m @ 11.9g/t (244m)
UG extensions priority target
M1 DEPOSIT
12

15. WILLIAMSON DEPOSIT –up to 40m wide
High-grade shear zones bounding monzogranite stockwork up to 40m wide, free-milling ore
High-grade mineralisation beneath current pit
Williamson Pit –mining 2006
3m@40.1g/t from 117m
4.3m@17.0g/t from 136m
3.5m@35.5g/t from 372m
RESOURCES
Mt
g/t Au
Oz Au
Indicated
2.7
1.7
148,000
Inferred
3.6
1.8
202,000
TOTAL
6.3
1.7
350,000
14

16. Large mineralised system 19km south along strike from Wiluna –large tonnage potential
350Koz resource -structural setting similar to Wiluna –potential cluster of deposits
Williamson south mineralisation extends for 1.5km south of the pit
Carroll -Prior targets
Previous drilling identified continuous mineralisation over 3km
Infill drilling needed to define resources
LAKE WAY & WILLIAMSON
15

17. SIGNIFICANTLY UNDERVALUED RELATIVE
TO AUSTRALIAN PEERS
UNDERVALUED RELATIVE TO AUSTRALIAN PEERS
17

18. 4.3Moz gold resource -46% measured & indicated
Acquisition of plant with capacity for 100,000ozpa1 puts Blackham in a new peergroup
Existing plant & infrastructure minimises risk
Extending mine life to beyond 5 years of free milling ores
Production 4 months after decision to mine
Very low capital -high return opportunity for shareholders
BLACKHAM’S MATILDA VISION
1assumesproductionfromtheGalaxy,MatildaandGoldenAgedeposits.Approximately74%ofthemineralinventoryistoameasuredandindicatedresourcecategory.25%ofthepitareasareinferredresource.Thereisalowlevelofgeologicalconfidenceassociatedwithinferredmineralresourcesandthereisnocertaintythatfurtherexplorationworkwillresultinthedeterminationofindicatedmineralresourcesorthattheproductiontargetitselfwillberealized.
18

19. Thispresentationincludescertainstatementsthatmaybedeemed‘forward-lookingstatements’.Allstatementsthatrefertoanyfutureproduction,resourcesorreserves,explorationresultsandeventsorproductionthatBlackhamResourcesLtd(‘Blackham’or‘theCompany’)expectstooccurareforward-lookingstatements.AlthoughtheCompanybelievesthattheexpectationsinthoseforward- lookingstatementsarebaseduponreasonableassumptions,suchstatementsarenotaguaranteeoffutureperformanceandactualresultsordevelopmentsmaydiffermateriallyfromtheoutcomes.Thismaybeduetoseveralfactors,includingmarketprices, explorationandexploitationsuccess,andthecontinuedavailabilityofcapitalandfinancing,plusgeneraleconomic,marketorbusinessconditions.Investorsarecautionedthatanysuchstatementsarenotguaranteesoffutureperformance,andactualresultsorperformancemaydiffermateriallyfromthoseprojectedintheforward-lookingstatements.TheCompanydoesnotassumeanyobligationtoupdateorreviseitsforward-lookingstatements,whetherasaresultofnewinformation,futureeventsorotherwise.
TheinformationcontainedinthereportthatrelatestoExplorationTargetandExplorationResults,attheMatildaGoldProjectisbasedoninformationcompiledorreviewedbyMrGregMiles,whoisafull-timeemployeeoftheCompany.MrMilesisaMemberoftheAustralianInstituteofGeoscientistsandhassufficientexperiencewhichisrelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitywhichisbeingundertakentoqualifyasaCompetentPersonsasdefinedinthe2012Editionofthe‘AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves’.MrMileshasgivenconsenttotheinclusioninthereportofthemattersbasedonthisinformationintheformandcontextinwhichitappears.
WithregardtotheMatildaProjectResources,theCompanyisnotawareofanynewinformationordata,otherthanthatdisclosedinthisreport,thatmateriallyaffectstheinformationincludedinthisreportandthatallmaterialassumptionsandparametersunderpinningMineralResourceEstimatesasreportedinthemarketannouncementdated23rdofJanuary2014continuetoapplyandhavenotmateriallychanged.
TheinformationcontainedinthereportthatrelatestoExplorationTargets,ExplorationResults,MineralResourcesorOreReservesattheWilunaGoldProjectisbasedoninformationcompiledorreviewedbyMrGregMiles,whoisafull-timeemployeeoftheCompany.MrMilesisaMemberoftheAustralianInstituteofGeoscientistsandhassufficientexperiencewhichisrelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitywhichisbeingundertakentoqualifyasaCompetentPersonsasdefinedinthe2004Editionofthe‘AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves’.MrMileshasgivenconsenttotheinclusioninthereportofthemattersbasedonthisinformationintheformandcontextinwhichitappears.
DISCLAIMERS & IMPORTANT INFORMATION
19

20. Bryan Dixon
Managing Director
Blackham Resources Ltd
E: admin@blackhamresources.com.au
T: +61 8 9322 6418 | F: +61 8 9322 6398
A: Level 2, 38 Richardson Street,
West Perth WA 6005
P: PO Box 1412, West Perth WA 6872
W: www.blackhamresources.com.au
ASX Code: BLK
Project partners:
CONTACT DETAILS
20

21. PaulMurphy–IndependentNonExecutiveChairman
MrMurphyisaformerbankerwithextensiveexperienceinfinance,strongrelationshipswithinthebanking,financeandbrokingcommunityaswellasanimpeccablereputationintheindustry.Hisbankingexperienceextendsacrossfinance,fixedincome,
BryanDixon–ManagingDirector
Bryan’sskillsandexperienceincludeprojectacquisition,minedevelopmentandfinancing.Hasbeeninvolvedinfeasibilityandfinancingof3goldmines.HavingpreviouslyworkedwithKPMG, ResoluteLimitedandArchipelagoResourcesPlc,hehassubstantialexperienceintheminingsectorandthemanagementoflistedpubliccompanies.
AlanThom–ExecutiveDirector-MiningEngineer
Alan,aminingengineer,hasextensiveminingexperience.HeholdsaWesternAustralianFirstClassMineManagersCertificateandhasheldstatutorymineandmanagementpositionsforNewmontinbothundergroundandopen-pitoperationsatJundeeandBronzewing.Alanhasmanagedanumberofdefinitiveandbankablefeasibilitystudiesforsignificantresourceprojects.
GregMiles–NonExecutiveDirector-Geologist
Greggraduatedisageologistandhassinceworkedinanumberofdifferentcommoditiesandmineralprovincesacrossabroadportfolioofgrass-rootstodevelopmentprojects.Professionalhighlightsincludeinvolvementinthediscoveryofthe2.3MozCentenaryDepositattheDarlotGoldMineintheEasternGoldfields,WA.
MikeRobbins-CFO/CompanySecretary
MrRobbinshaswellover20yearsresourceindustryexperiencegatheredatbothoperationalandcorporatelevels,bothwithinAustraliaandoverseas.
GrahamLingard–ResidentMineManager
Grahamhasover35yeasofexperienceintheminingindustryinWesternAustralia.GrahamhasworkedatWilunasince2007includingasresidentmanagersinceAug2013.HehaspreviouslyworkedinmanagerialrolesinnumerousgoldminesintheYilgarn.
CraigBartle–Plant&MetallurgicalManager
CraigBartleisametallurgistwithextensiveexperienceintheresourcesindustry.HewasaseniormetallurgistatWilunaforApex,Oxiana,andAgincourtResourcesandpreviouslyworkedatBeaconsfieldgoldmine.
CainFogarty–ExplorationManager
MrFogartyhasbroadexperienceingreenfieldsandnear-mineexploration,havingworkedaroundAustraliaandinternationallyonavarietyofmajororedepositstyles,particularlysediment- hostedbasemetalsandorogenicgold.Previously,MrFogartyhasworkedwithBarrickGoldCorp,EquinoxMineralsandCSAGlobal.
MarcusOsiejack-ResourceGeologist
Marcushasexpertiseinavarietyofundergroundandopenpitgoldoperatingroleswithtechnicalskillsincludingresourcemodelling,estimationandgradecontrol.HavingpreviouslyworkedatLawlers,DarlotandnumerousgoldprojectswithinWesternAustralia,
DIRECTORS & MANAGEMENT
22

22. Aggressive exploration strategy to focus on new oxide and/or free-milling high grade underground ore bodies
Rigorous feasibility study prior to a development decision
Plant can be used in its current location
Low risk process: crush, grind, gravity and CIL
Refractory circuit moth balled -possible toll treating options
Plant refurbishment to be out of debt
MATILDA STRATEGY: Free milling focus
7

23. See ASX announcement 20th January 2014 for JORC Table 1 information.
Table 2. Wiluna Gold Project Resource Summary (JORC 2004)
Lode
Indicated
Inferred
Total
Mt
g/t Au
Koz Au
Mt
g/t Au
Koz Au
Mt
g/t Au
Koz Au
Henry 5 – Woodley - Bulletin
2.1
5.9
404
0.8
4.6
112
2.9
5.6
516
Burgundy - Calais
1.3
6.0
250
0.3
5.7
58
1.6
6.0
309
East Lode
1.2
5.4
213
2.6
5.5
453
3.8
5.4
667
West Lode Calvert
1.2
5.3
198
2.3
5.3
383
3.4
5.3
581
Happy Jack - Creek Shear
1.5
5.9
289
1.3
4.8
205
2.9
5.4
494
Other Deposits
0.8
4.0
109
1.3
4.1
172
2.1
4.1
281
Wiluna Total
8.2
5.6
1,465
8.6
5.0
1,384
16.7
5.3
2,848
Table 1. Matilda Gold Project Resource Summary (JORC 2012)
Mining Centre
Measured
Indicated
Inferred
Total
Mt
g/t Au
Koz Au
Mt
g/t Au
Koz Au
Mt
g/t Au
Koz Au
Mt
g/t Au
Koz Au
Matilda Mine
0.1
2.4
9
4.7
2.0
300
8.2
1.7
450
13.0
1.8
760
Williamson Mine
2.7
1.7
150
3.6
1.7
200
6.3
1.7
350
Regent
0.7
2.5
61
3.1
2.1
210
3.9
2.2
270
Galaxy
0.6
2.9
52
0.6
2.9
52
Matilda Total
0.1
2.6
9
8.1
2.0
510
16
1.8
910
24.0
1.9
1,400
APPENDIX A: GOLD RESOURCES
21

24. 3km strike from plant to Caledonian Pit
Drilling indicates potential for open-pit resources. Quartz hosted –free milling
Very shallow RAB drilling (~5m) & limited RC to 60m -little surface expression to 20m with most drilling ineffective
Nearby historical workings at Derwent & Monarch open pit potential
Derwent: 3m @ 50.6 g/t from 25m
Monarch: 6m @ 19.4 g/t from 44m
7m @ 7.15 from 40m
6m @ 6.2 from 20m
12m @ 5.68 from 27m
5m @ 5.01 from 20m
CALEDONIAN TREND
24

25. GALAXY NORTH
Structural analogue to Wiluna Mine
Dextral offset fault in mafic mine sequence
Approx 2km prospective zone
This setting hosts 6Moz at Wiluna as well as mineralisation at Regent. The target is a Wiluna- style mine camp
Galaxy deposit possibly part of mine camp cluster
Only minor drilling –exploration hampered by thin cover of overlying basin sediments
2km
NB. Figures at same scale
Galaxy Deposit
23

26. Very limited drilling of high grade down-plunge targets
Limited drilling along strike of existing pits
Pit convergence lowering stripping ratios
Further resources upgrades
Extensions of known lodes
Discovery of new lodes between pits
MATILDA MINE CENTRE
25

27. 27
Historical drilling identified mineralisation up to 3km from the mine area
Strike extensions partly covered by drainage –impediment to historical exploration = opportunity
Mentelle trend… parallel structure?
Mentelle prospect potential resource with Matilda characteristics
Large RAB program to test structure
Matilda extension vector also provides bulls-eye target
Target
4m @ 13.9 g/t (64m)
M11
6m @ 13.9 g/t (22m)
4m @ 9.51 g/t (22m)
Mentelle
4m @ 13.4 g/t (boh)
MATILDA EXTENSIONS & Mentelle Shear
26

28. Potential large tonnage, near surface, infill drilling required
Deeper drilling to identify high grade primary mineralisation
3kms of strike with continuous mineralisation
CARROLL PRIOR PROSPECTS
16

29. 700m of strike and still open
Excellent grades and widths –steep dilatant structures open at depth
Good continuity, robust deposit
Additional extension drilling down plunge required
Open
RESOURCES
Tonnes
g/t Au
Contained
OzAu
Indicated
738,000
2.5
69,000
Inferred
3,108,000
2.1
211,000
TOTAL
3,846,000
2.2
270,000
Considerable scope to increase deposit
27
ADVANCED RESOURCES –REGENT

30. ►Long History of Production +4Moz
►Historical Oxide, Quartz, Tailings ~1Moz
►1897 –1924 Oxide & Quartz 186,000 oz
►1984 –1993 Oxide & Tailings 770,000 oz
►BIOX Fitted to Existing Oxide Plant (Com May 1993)
►2007 Oxiana (Oz Minerals) acquires Agincourt
►2007: Project broken up -Wiluna mine assets sold to Apex for $29.5M
►Apex spends $71M on exploration expenditure
►Minmetals Acquires Oz Minerals
►Nov 2011 Blackham acquires Matilda Gold Project for $1.4M
►Mar 2014 Blackham acquires WGP $2M upfront and $2.6M in deferred consideration
28
HISTORY OF WILUNA GOLDFIELD