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Maiden Gold and Copper JORC Compliant Resource Estimates_V2

WCN Corporate Presentation_MMHK_Mar 15_F

WCN HY report 31 December 2014

* Reverse Circulation Drilling commences at Mt Remarkable * Drilling targeting several nickel, base metal and gold anomalies

Potential Nickel and Base Metal Conductive Anomalies identified at Mt Remarkable

Geophysical survey identifies Strong Conductors at White Cliff Highlights * Geophysical survey identifies exceptionally strong conductor * Conductor adjacent to magnetic high and ultramafic unit * $700,000 in funding provided by Joint Venture partners Daewoo International Limited and Korea Resources

Drilling Identifies Extensive Copper Mineralisation at Chanach Project, Central Asia Highlights * Peak copper values of 1.25% within wide mineralised zones * Three of seven holes end in copper mineralisation * Extensive zones of disseminated copper sulphide mineralisation identified in 5 drill holes * Mineralisation within drill holes extends over 450 metres by 350 metres and is open in all directions

* Chanach drilling results delayed due to laboratory sample backlog * Extensive zones of disseminated sulphide mineralisation identified in six holes

* Channel sampling identifies sixth copper rich mineralised zone including: - 20 metres at 1.35% copper within 51 metres at 0.70% copper including; - 11 metres at 1.8% copper with a peak copper grade of 2.6% * Combined total channel sample intersections of all zones is 302m at 0.75% copper * RC drilling program in progress

* Channel sampling identifies additional copper rich mineralised zones including: - 20 metres at 1.63% copper within 48 metres at 1.01% copper including; - 3 metres at 4.3% copper with a peak copper grade of 7.4% * RC drilling program commences

*Channel sampling identifies additional copper rich mineralised zones including: * 27 metres at 1.23 % copper within 40 metres at 1.08 % copper * 8 metres at 1.01 % copper within 39 metres at 0.55 % copper and; * 3 metres at 1.12 % copper within 24 metres at 0.65 % copper

* Channel sampling identifies copper rich mineralised zone of 28 metres at 1.02% copper within 45 metres of 0.94% copper with a peak channel sample value of 3.24% copper * Extensive copper alteration zones identified in bulldozer trenches over a 450m distance * Rock chip sampling identifies high grade gold and copper results up to 26 g/t gold and 6.1% copper * RC drilling program contract finalised

Highlights * Gold Copper Project Acquisition in Central Asia * Drilling Identifies Nickel Mineralisation at Mt Remarkable * Mt Remarkable Nickel and Gold Soil Anomalies refined with infill geochemistry

Highlights • Drilling identifies significant nickel mineralisation • Infill soil sampling further defines highly prospective nickel and gold anomalies • Major geophysical survey planned for the Mt Remarkable Ultramafic