2. DISCLAIMER
The information provided in this presentation is not intended to be a comprehensive review of all matters and developments
concerning the Company. It should be read in conjunction with all other disclosure documents of the Company. The
information contained herein is not a substitute for detailed investigation or analysis. No securities commission nor
regulatory authority has reviewed the accuracy or adequacy of the information presented.
This presentation contains forward-looking statements which address future events and conditions which are subject to
various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from
those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the
Company’s control. These factors include: the availability of funds, the timing and content of work programs, results of
exploration activities and development of mineral properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of mineral property titles, project cost overruns or
unanticipated costs and expenses, fluctuations in metal prices, currency fluctuations, and general market and industry
conditions.
HEG owns a minimum of 85% in the Hill End tenements encompassed by the previous EL2037 and 100% of all other
granted tenements.
Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the
statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking
statements.
Competent Persons’ Statement
The information in this report that relates to Mineral Resources is based on information compiled by Mike Quayle and Philip
Bruce and for Exploration results is based on information compiled by Stuart Munroe and Philip Bruce. Mr Quayle is a
Member of The Australian Institute of Geoscientists and was a full-time geological employee of HEG. Dr Munroe is a
Member of the Australasian Institute of Mining and Metallurgy and Mr Bruce is a Fellow of the Australasian Institute of
Mining and Metallurgy and both are full-time employees of HEG. Mr Quayle, Dr Munroe and Mr Bruce have sufficient
experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which
they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves’ (The JORC Code). Mr Quayle, Dr Munroe and Mr Bruce
consent to the inclusion of the matters based on their information in the form and context in which it appears.
2
4. CORPORATE PROFILE
• Proven gold belt in Lachlan Fold Belt NSW
• Three advanced projects over 550,000oz
• Exploration and development studies
• Potential to become a mid-tier gold producer
• Long term goal 4-5m ounces
• Acquisition of high potential projects
Board of Directors Management
Current Share Price 2.6 cents Denis Clarke, Steve Peterson,
Non-Executive Chairman Chief Financial Officer
Issued Capital 485.8 million Philip Bruce, Kevin Lynn,
Managing Director Company Secretary
Options 49.5 million
Graham Reveleigh, Stuart Munroe,
Market Capitalisation A$13 million Non-Executive Director Exploration Manager
Cash ~A$2 million Bruce Thomas, Jim Shanahan,
Non-Executive Director Site Manager, Hill End
Ian Daymond,
Non-Executive Director
4
5. KEY INVESTMENT HIGHLIGHTS
• Large tenement holdings over prolific goldfields in NSW
• Current 550,000 ounce resource at Hill End and
Hargraves
• Three advanced projects at Reward, Red Hill and Big
Nugget Hill
• Focus on medium-term development
• Long-term goal of 4 – 5 million ounces gold
• Experienced and proven Board and management team
5
6. RESOURCE PROGRESS
• Drilling to date on limited strike of only three deposits
• Resources increased and consolidated
• Increasing confidence leading to pre-feasibility
600000
500000
Indicated
400000
300000
200000 Inferred
100000
0
2006 2007 2008 2009 2010 2011
6
7. RESOURCE SUMMARY
as at October 2011 Tonnes Grade Contained
g/t gold gold oz
Hargraves
Big Nugget Hill Indicated 1,262,000 3.5 143,000
Inferred 944,000 2.6 78,000
Sub-total 2,206,000 3.1 221,000
Hill End
Hawkins Hill – Reward Measured 77,400 11.3 28,100
Indicated 180,400 6.5 37,700
Inferred 642,200 8.8 181,000
Sub-total 900,000 8.6 246,800
Red Hill Inferred 849,000 3.3 89,200
Total Hill End and Hargraves Total 3,955,000 5.4 557,000
Cutoff grades
Big Nugget Hill 0.5g/t gold per block and inverse distance squared grade interpolation
Numbers include insignificant rounding errors. Reward 1 g/t gold over minimum horizontal width of 1.1 metre and an inverse
distance squared grade interpolation.
Red Hill 1 g/t gold over minimum horizontal width of 0.8 metre. 7
8. HILL END PROJECT
• 50km north of Bathurst
• Minimum 85% interest in
Hill End area
RED HILL
• Current mineral resources
336,000oz gold in Red Hill
and Reward
• Focus on bulk mining
modelling and resource re- REWARD
estimates
SOUTH STAR
8
9. HARGRAVES PROJECT
• 30km south west of Mudgee
• 100% ownership of EL6996 WELLINGTON
• Current mineral resources
221,000oz gold in Big
Nugget Hill
• Big Nugget Hill ~30m wide
mineralised structure
• Parallel structures hosting
high grade gold
mineralisation
CADIA
9
10. OTHER PROJECTS
• Murray Basin, NSW
- EL7124 and EL7125 located in the Swan Hill – Barham area
- Bendigo rocks extension into NSW many geophysical targets
• Lak Sao, Laos
- 51% interest in Lak Sao Project application with Mekong
Resources Pty Ltd
- Project area located in Bolikhamxay Province in Central Laos
10
11. PROJECT PIPELINE
Expanding Resource Develop Projects Brown Fields Expansion
Hill End
Reward and Red Hill Open new mining Ramp up production Production
Bulk Mining Study sources
Hargraves
Infill assaying and Site development Open pit / Production
mining study underground
development
11
12. KEY INVESTMENT HIGHLIGHTS
• Large tenement holdings over prolific goldfields in NSW
• Current 550,000 ounce resource at Hill End and
Hargraves
• Three advanced projects at Reward, Red Hill and Big
Nugget Hill
• Focus on medium-term development
• Long-term goal of 4 – 5 million ounces gold
• Experienced and proven Board and management team
12
