www.tpjunction.com november 2010 1 a growing gold portfolio in south east asia tpj fund raising...

www.tpjunction.com November 2010 1

A Growing Gold Portfolio in South East Asia

TPJ Fund Raising Presentation

November 2010


Disclaimer

This presentation is being supplied to you by Triple Plate Junction plc (‘the Company’ or ‘TPJ’) solely for your information and may not be reproduced or redistributed in whole or in part. This document has not been approved by a person authorised under the Financial Services and Markets Act 2000 (‘FSMA’) for the purposes of section 21 FSMA.

This presentation does not constitute, or form part of, a prospectus relating to the Company nor does it constitute or contain any invitation or offer to any person to underwrite, subscribe for, otherwise acquire, or dispose of any shares in the Company or to advise persons to do so in any jurisdiction, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever. Recipients of this presentation who are considering a purchase of shares in the Company are reminded that any such purchase must be made solely on the basis of information that the Company has released into the public domain.

Whilst all reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that any forecasts, opinions and expectations contained in this presentation are fair and reasonable, the information contained in this document has not been independently verified and accordingly no representation or warranty, express or implied, is made as to the accuracy, fairness or completeness of the information or opinions contained in this presentation. None of the Company, its shareholders or any of their respective advisers, parents or subsidiaries nor any of their respective directors, officers, employees or agents (including those of their parents or subsidiaries) accepts any liability or responsibility for any loss howsoever arising, directly or indirectly, from any use of this presentation or its contents.

This presentation does not constitute a recommendation regarding the shares of the Company. Recipients of this presentation should conduct their own investigation, evaluation and analysis of the business, data and property described therein. If you are in any doubt about the information contained in this presentation, you should contact a person authorised by the Financial Services Authority who specialises in advising on securities of the kind described in this presentation.

Certain statements within this presentation constitute forward looking statements. Such forward looking statements involve risks and other factors which may affect the actual results, achievements or performance expressed or implied by such forward looking statements. Such risks and other factors include, but are not limited to, general economic and business conditions, changes in government regulations, currency fluctuations, the gold price, the Company’s ability to recover its resources/reserves or develop new resources/reserves, competition, changes in development plans and other risks. Some statements may constitute the opinions of the Company’s directors.

There can be no assurance that the results and events contemplated by the forward looking statements contained in this presentation will, in fact, occur. These forward looking statements are correct or represent honestly held views only as at the date of delivery of this presentation.

The Company will not accept any obligation to release publicly any revisions to these forward looking statements to reflect events, circumstances and unanticipated events occurring after the date of this presentation except as required by law or by regulatory authority.

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Board & management: Strong Track Record

Bill Howell (Interim CEO, Executive)

More than 40 years experience in all aspects of exploration and mineral project evaluation. Senior management positions within

BHP, Normandy Mining and its successor Newmont Mining Corporation. Managed and led teams to a number of discoveries including

the recent major (+6 million ounce) gold discovery at Martabe (Indonesia). FAusIMM.

Tony Shearer (Chairman, Non Executive)

Former CEO of Singer & Friedlander Group plc and chairman of Uruguay Minerals (now Orosur). Previous board positions include Old

Mutual, M & G Group. Currently director of several AIM listed companies. Chartered accountant.

Patrick Gorman (Non Executive)

Mining engineer with 35 years of managerial, technical and project experience. Feasibility experience includes Escondida (Chile),

Due diligence reviews, technical studies, appraisals on >100 mineral projects across 5 continents including Lihir (PNG) and all

Randgold Mines. Experienced competent person and advisor to governments, financial institutions and companies.

Chris Goss (Non Executive)

Retired in May 2010 after leading IFC’s business development in mining & oil and gas from London. Structured equity investments

in junior exploration companies, structured project finance and managed relationships with majors (including Anglo American, Rio

Tinto and Lonmin). Prior to IFC, Chris advised governments in natural resource negotiations. MA Development Economics (Sussex)

and BA Economics (Cambridge).

Terry Cross (CFO, Executive)

Extensive finance experience at senior management and board level in both small and “blue chip” companies in both the UK and

South Africa including AIM listed Alexander Mining plc and Chaarat Gold. MBA (University of Witswaterand), Advanced Financial

Management Diploma (Institute of Chartered Secretaries and Administrators) and a Bachelor of Commerce from the University of

South Africa, Pretoria.


Triple Plate Junction plc

Triple Plate Junction (“TPJ”) is a London listed gold explorer focused on highly prospective gold belts in Papua New Guinea and in South East Asia.

With a new team, TPJ is restoring value and growing its exciting pipeline of projects. It has joint ventures with some of the world’s largest gold companies.


Introduction

Triple Plate Junction Plc

Listed on AIM; focused on gold & copper exploration in PNG and Vietnam

Respected partners funding exploration: Newmont, Newcrest (HoA), Barrick, Gold Anomaly

Newly appointed board driving a turnaround

>$25M spent by TPJ and JV partners on exploration to date in PNG

Strategic options for continued exploration opportunities under review

Currently Seeking to raise up to £2.5M required in 2010/2011 in order to advance JVs, examine

new exploration opportunities in PNG, Vietnam & other SE Asia countries, and corporate

overheads


Summary Shareholder review

Shares on issue 168,769,912 Shareholder %

Convertible loan note shares & warrants 46,000,000 Newmont Ventures Ltd 10.07%

Warrants @ 7p 17,000,000 RAB Special Situations 0.00%

Options Vietnam Investments 6.22%

(£0.01 - £0.395) 12,923,333 Melanesian Resources Limited 6.22%

Performance shares 11,900,000 AsterionAV Ltd 6.17%

Fully diluted

256,593,245 Thornaby Ltd 0.0%

Share Capital Evolution 5 year Price Chart (AIM:TPJ)

Date Amount £ Price £

Jan-04 (IPO) 4,200,000 0.30

Apr-05 11,700,000 0.35

Dec-07 2,211,429 0.185

Jul-08 2,000,000 0.055

Dec-08 850,000 0.05

Share capital

New board & strategy


JV Status & ownership

Partner Tenements Current Share %

Share after current work programme %

Newmont Morobe 49.00% 30.00%

Barrick Wamum 11.70% 11.70%

Newcrest HoA Manus Island 75.90% 15.20%

Gold Anomaly Crater Mountain +/- 35% 15/20%

Vietnamese central and provincial authorities

Vietnam –Pu Sam Cap

70% 70%


Projects in Papua New Guinea (‘PNG’)


The Wafi Trend – Relationship to Newmont and Barrick JVs, PNG


Licence area: 3,761km2 granted and applied for exploration tenements; highly prospective geology within

major district:- Wafi/Golpu (30 Moz and 8 Mt Cu target), Hidden Valley (5.8 Moz)

Status: 19 months activity since JV signed Dec 2008 and fieldwork commenced April 2009

Work completed: 90% of JV area covered by regional BLEG sampling; interpretation of new EU-funded airborne

magnetics/radiometrics; 100m line spacing helimag survey over Hide’s Creek and Otibanda; geological

mapping, trenching; rockchip and soil sampling

Expenditure to date: Newmont Phase I expenditure of $US6M to August 2010 has earned 51%

Discoveries:

• Existing (TPJ) Otibanda project, bonanza gold grades

• Hides Creek – potential porphyry copper-gold (4km x 1km footprint)

• Gumots – potential porphyry gold-copper target

• 5 other priority targets

Next steps: Newmont has elected to proceed to Phase 2 and will earn 70% by spending an additional $US9M

before 23/12/2014 or by delivering a Class III DFS, whichever is earlier

Next steps: drilling at Hides Creek in 2011 and perhaps other targets, geophysics, regional sampling

PNG: Newmont/ TPJ Morobe JV


PNG: Newmont/TPJ Morobe JV


PNG: Newmont/TPJ Morobe JV - Otibanda

Previous scout drilling by TPJ

includes best intercepts:

Otibanda Lode

OTI-003 1.6m @ 21.4 g/t Au

from 59.4-61.0m

Waikanda Lode

OTI-006 3.5m @ 12.2 g/t Au

from 59.3-62.8m

OTI-007 1.0m @ 17.4 g/t Au

from 49.3-50.3m

OTI-008 1.1m @ 20.1 g/t Au

from 67.2-68.3m

Previous channel and chip

sampling by TPJ includes best

intervals:

Munga Breccia (Otibanda Lode)

65m @ 2.16 g/t Au

Waikanda Lode

22m @ 19.61 g/t Au


PNG: Newmont/TPJ Morobe JV – Hides Creek

Large (4km x 1km) geochemical

footprint

Mapping shows alteration,

veining and geology which are

characteristic of a porphyry

system

Up to 28m @ 3.9 g/t Au (inc. 8m

@ 12.6 g/t Au) from trenching

Rock chips to 8 g/t Au, 2% Cu

Diamond drilling planned for

early 2011

Numerous additional nearby

targets to follow up


Morobe area was one of the first areas in PNG to be mined for gold, with historical alluvial

workings at Bulolo (2.8Moz Au) and hard rock mining at Wau and Edie Ck. In modern times

Hidden Valley deposit (resources of 5.8 Moz Au) and Wafi-Golpu (resources of 30 Moz Au and 8

Mt Cu target) discovered on ground adjacent to the TPJ concessions

Work by TPJ identified 3 main (gold-bearing) lodes which were each trenched over a 4-5 km

strike length; continuous mineralisation has been partially delineated along a strike length of

nearly 500m, averaging 17.5 g/t Au across 1.5m width on the Otibanda Lode

Work (90% completed) by Newmont includes helicopter-supported reconnaissance BLEG (Bulk

Leach Extractable Gold) sampling over the entire JV property, with 3,000m of diamond drilling

planned for 2011 initially at Hides Creek; geological mapping, soil geochemistry, helicopter

magnetic survey and IP surveys in 2011 to generate drill targets in at least four other identified

targets

ACA Howe considers that the (Newmont) programme is well conceived and has a good chance

of success in view of the neighbouring deposits at Wafi- Golpu and Hidden Valley and the low

level of historical exploration over much of the ground

ACA Howe: Newmont/TPJ Morobe JV


PNG: Gold Anomaly/ TPJ JV

Licence area: 306km2, Crater Mountain, PNG

Status: 32 months activity since JV signed September 2007. Field operations

commenced in February 2008

Work completed: Bench & channel sampling, geological mapping, bulldozer

track access

Expenditure required: GOA issued shares valued at A$1M and carrying out

specific work (including drilling) within a specified time period at an estimated

cost of A$0.6M in stage 1 and A$0.9M in stage 2 in order to earn a 70% interest

Discoveries: New area of gold mineralisation identified at Nevera including a

bench sampling result of 70 m of 3.9 g/t Au (including 5 m at 41 g/t Au)

Next steps: TPJ to review and assess GOA’s expenditures & work completed

to date; drilling & benching required in 2011 to determine if there is an initial

resource.


Historical work at Crater Mountain by TPJ and

previous operators includes best surface trenching

of:

-- 48m @ 10.20 g/t Au

-- 26.5m @ 6.27 g/t Au (inc. 2m @ 55.20 g/t Au)

-- 30m @ 1.95 g/t Au

-- 58m @ 1.89 g/t Au

-- 35m @ 3.10 g/t Au

Historical drilling includes intercepts of:

- 115m @ 1.83 g/t Au from 225-340m EOH (NEV-

002)

- 151m @ 1.41 g/t Au from 100-251m EOH

including 24m @ 6.55 g/t Au from 214-238m (NEV-

005)

- 178m @ 1.30 g/t Au from 200-378m including

32m @ 2.76 g/t Au from 288-320m (NEV-008)

PNG: Gold Anomaly/ TPJ JV


ACA Howe: Gold Anomaly/TPJ Crater Mountain JV

BHP had previously drilled 3 holes totalling 986m, the best result being 115m at 1.83 g/t Au,

terminating in good mineralisation. Macmin drilled 4 holes with a best intersection of 24m

grading 6.55 g/t Au

TPJ identified four highly prospective areas of mineralization in the Nevera prospect area within

a north-east trending area some 3.5km long and 1.5km wide. Follow up mapping and sampling

in the Nevera area identified gold mineralization with elevated Pb-Zn-Ag levels in all prospect

areas

TPJ drilling produced highly significant assays from all holes, including 58m grading 1.89 g/t Au.

However interpretation of the mineralization has remained a problem because it is masked by a

thick blanket of volcanic deposits

Gold Anomaly brought a bulldozer to site to conduct mechanised benching. Best initial assay

results indicate 70m at 3.91 g/t Au, including a 5m sample at 41.2 g/t Au

Gold Anomaly plans to commence drilling to 50m depth to assess shallow open cut gold

potential and to test for larger deep gold targets

ACA Howe recommends that TPJ should maintain its position on this project


PNG: Newcrest/ TPJ HoA

Licence area: 674km2 in Manus Island, PNG

Status: HoA signed on 31 March 2010; JVA being prepared

Terms: A$6M over 5 years including $1M in the first 2 years to earn 80% of TPJ’s

interest in the licences resulting in Newcrest owning 60.78% and TPJ with 15.2%.

In 2010/2011, initial budget may be A$2M for helicopter-borne magnetics survey

over licence areas, with drilling planned at the Kisi prospect

Previous work: (TPJ): geophysics, drilling totalling 402m at Kisi prospect

- trenching at Kisi prospect includes best intercept of 16m @ 20 g/t Au (inc. 2m @

303 g/t Au)

- potential geological resource at Arie of 164Mt @ 0.32% Cu, 0.1 g/t Au

Expenditure to date: TPJ estimates it has spent A$2.5M

Next steps: Finalise & sign JV, Newcrest to establish & initiate work programme


PNG: Newcrest/TPJ HoA – Kisi Prospect

35km by 7km corridor of Cu &

Au anomalies

At Kisi:

3km x 1km >0.43 g/t Au in

soils & colluvium

Trenching includes:

- 16m @ 40 g/t Au (inc. 2m @

303 g/t Au)

- 56m @ 2.47 g/t Au (inc. 10m

@ 8.58g/t Au)

Diamond core drilling includes

5.6m @ 4.98 g/t Au from

116.4m depth

Next step: Helimag survey to

better define drill targets


35 km long and 7 km wide northwesterly trending structural corridor identified, in which

intrusive activity and associated hydrothermal alteration and widespread Cu and Au

mineralisation was focussed

TPJ commissioned (consultant) R Findlay to map the area and his work also indicated the

presence of a significant epithermal province associated with porphyry copper-gold

mineralisation. An eroded stratovolcano was interpreted in the south west of the licence

area; overlying rocks are now considered to be Pliocence (in age), contemporaneous

with major mineralising events elsewhere in PNG

Newcrest proposed a preliminary exploration programme at Kisi, comprising geological

mapping, rock and soil sampling and drill site planning, followed by the drilling of a

series of holes for an (initial) total 1,500m. In addition they also planned to conduct an

airborne magnetic survey

There are strong targets on the licence area and ACA Howe considers that TPJ should

maintain its interest in the project

ACA Howe: Newcrest/TPJ Manus Island HoA


PNG: Barrick/TPJ Wamum JV

Licence area: 1,962km2 in Wamum area of PNG

Status: 32 months field activity since JV signed September 2007. Field operations

commenced in February 2008

Work completed: Drilling, aeromagnetics, mapping, sampling. Best intersection

from drilling of 136m @ 0.97 g/t Au & 0.33% Cu

Expenditure to date: Anticipate $A9.47m spend by end of 2010 which would result

in diluting TPJ to 11.7%

Discoveries: 5Moz Au target not located to date but several deeper targets remain

untested and a number of smaller targets exist

Next steps: Focus on McLean South, Wafa & Waits Creek targets, 2011 budget

under review but may be A$0.5M, TPJ plans to contribute its share to avoid further

dilution


PNG: Barrick/TPJ JV Wamum - Targets


The Wamum property is contiguous with the Harmony-Newcrest Wafi-Golpu epithermal-

porphyry deposit shortly to become a major producer, and with Barrick’s Kainantu gold

deposit (geological resource of 3.1 Mt of 20.2 g/t Au containing 2 Moz of gold)

During 2009 Barrick conducted diamond drilling over 4 prospects totalling 5,629m that

confirmed previously reported grades but failed to prove better grade extensions along

strike

3 prospects, Wafa South, McLeans South and Mt Ruwaim (Barrick only) target areas have

been identified on account of their structural setting but have not been investigated by

detailed exploration

In 2008 a helicopter airborne magnetic survey (flown for Barrick) identified numerous

anomalies that have yet to be investigated

ACA Howe concludes that the remaining parts of the property contain numerous

attractive targets based on consideration of structure and geophysical anomalies that

are comparable to those at Wafi-Golpu. In particular, the prospects at Waits Ck,

McLeans and McLeans South warrant further work

ACA Howe: Barrick/TPJ Wamum JV


Vietnam: Pu Sam Cap - TPJ 70%/State Partners 30%

Licence area: 27km2 in Pu Sam Cap, northern Vietnam

Status: Licence will become effective on payment of a deposit by TPJ of

US$225,000 refundable after 6 months

Previous work: 3,165km of airborne geophysics, ground geophysics, 5,476m

of drilling

Expenditure to date: Estimated US$4.6M

Next steps: strategic review to look for partner or sole fund

Potential work programme to include 1,500m of drilling of high-grade gold veins at

Bai Bang to establish inferred resource in 2011

Anticipated expenditure requirement of US$0.75-0.9M in 2011


Vietnam: Pu Sam Cap - 70% TPJ

Historical focus on Pu Sam Cap project by

TPJ/Newmont

Best result of 7.9 g/t Au & 0.4% Cu over 2m from

scout drilling at Bai Bang prospect

Rock chips up to 126 g/t Au

Artisanal gold mining active at Bai Bang

Best porphyry copper-gold drill intersection 250m @

0.06 g/t Au, 0.06% Cu from 3-253m

Newmont withdrew from project in 2008 with no

residual interest as part of arrangement to farm-in

to TPJ’s PNG Morobe licence


TPJ 70%/30% State partners

Located in the Tu Le volcanic rift system that contains several porphyry copper and

epithermal-style gold-copper deposits in Vietnam and China

Between 1996 and 1998 some 3,000 artisanal miners were extracting gold from a series

of veins over an area covering 10 km2

Veins vary from 4cm to 2m in thickness and have been traced through a vertical

interval in excess of 500m and along strike lengths ranging up to 2,000m

Experts who have visited the area agree that there is potential for a large porphyry

style deposit. Float samples suggest that the porphyry system is multiphase and that

the richest phase of the mineralisation has yet to be discovered. ACA Howe considers

that the hotter part of the system has not been intersected (by TPJ drilling to date)

ACA Howe considers that properly targeted drilling could delineate a mineral resource

relatively quickly within the (Bai Bang gold) vein systems and that deeper drilling could

identify a more significant bulk tonnage target

ACA Howe: Vietnam - Pu Sam Cap


Undertake financing in Q4 2010 to recapitalise company and drive growth

Actively monitor JV progress; contribute pro-rata where justified to retain holding

Maintain good communication with shareholders

Examine the opportunities for acquiring pre-development stage assets

Target additional licence applications & new assets in PNG, Vietnam and other countries in

SE Asia

Strategy


Use of funds

to 31/12/2011 2012 £ '000 £ '000Monitoring JVs

All joint ventures 150 150

JV Contributions

Newmont JV (Morobe) 0 1,875 Barrick JV (Wamum) 38 938 Newcrest JV (Manus Island) 0 937

Gold Anomaly JV (Crater Mountain); 2012 - if in production

187 3,125

\

Exploration (PNG) PNG 125 tbc Vietnam 563 1,250 Other, SE Asia 313 tbc

Corporate

UK, AIM, travel, advisers 621 444 Vietnam 464 307 Claims by former directors 149 0

Total 2,610 9,026


Crater Mountain, PNG

(TPJ +/- 35%, reducing to 15-20% after Phase 2)

Target: gold base-metal carbonate deposit

- 0.5M oz (JORC inferred)

Bai Bang, Vietnam (TPJ 70%)

Target: high-grade IOCG-type vein gold

- 0.5M oz (JORC inferred)

Newmont Morobe JV, PNG (TPJ 30% maintained)

First target: porphyry copper-gold

- Drilling and potential inferred resource at Hides Creek

Newcrest Manus Island JV, PNG (TPJ 15.2% maintained)

First target: Low sulphidation vein gold

- Inferred resource at Kisi Prospect

Objectives (2011)


Potential Objectives (2012)

Build on targeted inferred resources to move to scoping/feasibility and development

All the projects have this potential, with Morobe and Crater Mountain probably the best defined

Contingent budget for 2012 includes potential feasibility work on all four joint ventures and in Vietnam

If Vietnam goes well, development in 2013 could be realistic


Newmont Ventures Limited (NVL) JVs: Comparison TPJ and Solomon Gold (SOLG)

TPJ SOLG

Agreement date 3 December 2008 5 March 2009

Project: Morobe, PNG Guadalcanal, SI

Spend by NVL to earn 51%: US$6M in 4 yrs US$6M in 3 yrs

Spend by NVL to earn additional 19%: US$9M in 2 yrs US$6M in 2 yrs

Additional NVL equity if TPJ or SOLG elect to be carried to production:

5% (total 75%) 10% (total 80%)

NVL readiness to start drilling: 1st half 2011 1st half 2011

TPJ and SOLG other projects: Barrick JV, PNGNewcrest JV, PNGGOA JV, PNGPu Sam Cap, Vietnam

Fauro Island, SIRannes, QldMt Parry, Qld

Fund raising/placement ?m @ ?p/share £2.5 million

54m @ 28p/share£15 million

Market capitalisation @ 29/10/2010 £5 million £80 million


Company Ticker Country Partner Terms MCAP (£@29/10/2010)

Triple Plate Junction AIM:TPJ PNG Newmont, BarrickNewmont $15m for 70% over 5 years; Barrick $5m for 80% then cofund

£5.6m

Breakaway Resources ASX:BRW Australia BHP 70% for A$10m over 5 years £12.2m

Coppermoly ASX:COY PNG Barrick 72% stake, expenditure A$20m £13.1m

Mindoro Resources TSX-V:MIO Phillipines Goldfields 51% for $A4m over 5 years £21.3m

Sumatra Copper & Gold ASX:SUM Indonesia Newcrest 70% for $12m over 5 years £31.8m

Orsu Metals AIM/TSX-V:OSUKyrgyz Republic

Goldfields 60% for $US10m £26.8m

Horizonte Minerals AIM:HZM Brazil AngloGold 51% for $5.3m (+19% to pre-feas) £35.1m

Chaarat AIM:CGHKyrgyz Republic

China Nonferrous Metals (CNMIM)

Acquired 19.9% of company for £5.6m £68.9m

Solomon Gold AIM:SOLG Solomon Isl. Newmont 70% for $12m £80.0m

Triple Plate J unction - Peer Group Comparison

Peer Group Comparables


New board appointed, recovery strategy underway

Highly credible & experienced team now in place

World class project potential in Papua New Guinea

Supported by JV’s with three of the world’s top four gold miners

Strong and supportive shareholder base, including Newmont

Mining (10%)

Summary


Triple Plate Junction PLC

Tony Shearer (Chairman) [email protected]

Bill Howell (Interim CEO) [email protected]

www.tpjunction.com

Thank You and Any Questions

Any questions?

www.tpjunction.com november 2010 1 a growing gold portfolio in south east asia tpj fund raising...

Documents

forward looking statements

basis of information

certain statements

years experience

project experience

purchase of shares

executive mining engineer

financial services authority