chairman’s and managing director’s address...

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30 November 2010 The Announcements Office Australian Stock Exchange Ltd Level 3, 20 Bridge Street SYDNEY NSW 2000 By ASX Online Transmission Dear Sir / Madam,

CHAIRMAN’S AND MANAGING DIRECTOR’S ADDRESS ANNUAL GENERAL MEETING 2010

Attached is a copy of the Chairman’s and Managing Director’s Address to the Annual General Meeting of shareholders which is being held today at 2:00pm at BDO Audit (WA) Pty Ltd, 38 Station Street in Subiaco. Yours faithfully

Jutta Zimmermann Company Secretary

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CHAIRMAN’S ADDRESS 2009-10 Year in Review It has been an exciting and productive year for your Company. A new strategy built around a suite of outstanding exploration acreage in the Tanami-Arunta Gold Province, new management, initial exploration success, and re-capitalisation of the Company provide a very solid base for the year ahead. I would like to begin by acknowledging the key role played by my predecessor, Imants Kins, and his board, who put together a number of the key planks for the revitalisation of the Company during the first few months of the year. Following shareholder approval on 23 November 2009 of the financial restructuring of the Company, of its acquisition of the entire Northern Territory (“NT”) exploration portfolio (totalling about 25,000km2) of Tanami Exploration NL (“TAM”), of the financing and share issues to accomplish that transaction and provide working capital, and of the appointment of three new directors (Mike Etheridge, Nick Archibald and the Managing Director, Darren Holden), the Company has built very successfully on the foundation laid by the previous Board and management. The key outcomes have been as follows. • Finalisation of the transaction to acquire the entire NT exploration tenement

portfolio of TAM. This cash and share transaction resulted in TAM becoming ABM’s largest shareholder (21.5%).

• ABM / TAM agreed to jointly bid for a suite of mining, infrastructure and exploration assets in the Tanami-Arunta region of the NT that was the subject of a sale process undertaken by Newmont Asia Pacific Ltd (“Newmont”). ABM and TAM were informed on 28 January 2010 that their joint bid had been successful, subject to approval by the board of Newmont Ltd. The Newmont board approval was subsequently received by the Company on 03 March 2010. Under the joint bid, ABM agreed to pay $10.775M in cash to acquire about 6,000km2 of exploration tenements in the Tanami-Arunta region, including a number of advanced projects with positive drill results from previous owners.

• The Company then embarked on a financing to raise the funds for the cash purchase and further working capital for aggressive exploration of its extensive suite of projects and targets. The issue of shares for this financing was approved at a General Meeting of Shareholders on 24 March 2010, and the Newmont transaction was completed on 31 March 2010. The financing remained open until 24 June 2010, by which time $17.9M had been raised.

• An exploration team was appointed during Q1 2010 and, following preliminary review of the databases acquired from TAM and Newmont, drilling commenced in April 2010 at the Sabre prospect in the Stafford Gold Zone project. Although one of the holes at the Sabre prospect returned the best intersection to date at the project, it was decided to move the drill rig to the Twin Bonanza project in the western Tanami, where ABM’s review of

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the Newmont data had accorded top priority to the Buccaneer and Old Pirate prospects. Drilling commenced at Twin Bonanza just prior to year end.

• Since year-end, the Company has continued to aggressively drill the Buccaneer and Old Pirate prospects, and has released a number of positive drill results from both prospects. At the date of this meeting, 17 holes to depths between 200m and 350m have been completed in two phases of drilling at Old Pirate. The final assays from this drill program were released just two weeks ago, including a number of high-grade intersections. Three programs totalling 30 holes of deep (300-400m) RC holes at the bulk-tonnage, Buccaneer prospect have returned wide (100m to >300m) intersections at grades from 0.4g/t to 1.0g/t, with some narrower, higher grade intersections with further assays expected shortly. In addition the Company is waiting on assays from 14 holes at the Hyperion Project.

To achieve this amount of success and pace of progress everybody involved has to operate with great skill and at full capacity. On your behalf, I would like to acknowledge the contributions of 1) the previous Board of ABM who laid the groundwork for the acquisition of the TAM assets; 2) the core management team of Jutta Zimmermann and Imants Kins from the “old” ABM who have stayed on, and who have been crucial to enabling the smooth and rapid transition in the Company’s business; 3) the new management and staff, both exploration and office support, who have been fundamental to getting an aggressive and successful drilling program underway in very short order; 4) the Company’s various advisors and supporters who enabled us to raise over $24M during the year, and over $10M since year-end, without which we would not have been able to complete the acquisitions and hit the ground running with such an aggressive drill program; and 5) my fellow Directors, who have brought skill, commitment and energy to what has been a very busy period. It has been an exciting and successful year, and 2010-11 has started very well. We look forward to continuing to bring positive results from the Company’s aggressive drilling campaign, and to creating value for our shareholders.

MANAGING DIRECTOR’S ADDRESS Good afternoon Ladies and Gentlemen: I would like to thank you for your support of the Resolutions put before this Meeting and it is my pleasure to present to you the status and strategic outlook of our Tanami Projects. MR HOLDEN PUT BEFORE THE SHAREHOLDERS THE POWERPOINT PRESENTATION BELOW.

(ASX:ABU)

“unlocking the potential of australia’s final frontier”GOLD

AGM Presentation

November 30th

, 2010

ABM RESOURCES NL

2010 Year in Review

Transition, Discovery,

Success!

2011 – Outlook on

Discoveries & Milestones

(ASX:ABU)

“unlocking the potential of australia’s final frontier”

DISCLAIMER

This presentation has been prepared by ABM Resources NL (“ABM” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchaseany securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in theCompany will be entered into on the basis of this presentation.

This presentation contains forecasts and forward looking information. Such forecasts and information are not a guarantee of future performance, involve unknown risksand uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. ABM has not audited or investigated theaccuracy or completeness of the information, statements and opinions contained in this presentation. Accordingly, to the maximum extent permitted by applicable laws,ABM makes no representation and can give no assurance, guarantee or warranty, express or implied, as to, and take no responsibility and assume no liability for, theauthenticity, validity, accuracy, suitability or completeness of, or any errors in or omission from, any information, statement or opinion contained in this presentation.

You should not act or refrain from acting in reliance on this presentation material. This overview of ABM does not purport to be all inclusive or contain all informationwhich its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your ownanalysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation and making anyinvestment decision.

Technical Statement / Competent Persons Statement

Information in this document that relates to Exploration Results is based on information compiled by Mr Darren Holden who is a Member of The Australasian Institute ofMining and Metallurgy and is based on results collected by ABM Resources NL and on databases and compilations supplied by Newmont Asia Pacific and Tanami Gold. MrHolden is a full time employee of ABM Resources and has sufficient experience which is relevant to the style of mineralisation and type of deposits under considerationand to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting Exploration Results,Mineral Resources and Ore Reserves”. Mr Holden consents to the inclusion in the documents of the matters based on this information in the form and context in which itappears.

Other than recent drill results and surface samples from the Old Pirate and Buccaneer Prospects, all surface samples and drill results reported are to be consideredhistoric and compiled with exploration industry best practice for storage and security of data. However, in many cases samples are not available for reassay checking.

Refer to previous Company Press-Releases for full drill hole details, and intercept calculations.

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(ASX:ABU)


A year of dynamic change!

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• November 2009 – New board appointed at AGM.

• December 2009 – Closed deal with Tanami Gold to acquire projects.

• January 2010 – Recruiting on-ground team.

• February 2010 – First work-programs / permit requests.

• March 2010 – Closed deal with Newmont to acquire projects – ABM becomes the largest EL/ELA land holder for

junior gold in Australia.

• April 2010 – Started drilling at Stafford Gold Zone.

• May 2010 – Discovery announced at Sabre prospect with 35m @ 2.02g/t.

• June 2010 – Drilling commences at Twin Bonanza.

• July 2010 – Announces first high grade results from Old Pirate with 35m @ 6.35g/t gold and 5m @ 274g/t gold.

• August 2010 – First results from Buccaneer Porphyry with 123m @ 1.04g/t gold.

• September 2010 – Drills 202m @ 1.0g/t gold at Buccaneer Porphyry.

• October 2010 – Oversubscribed share placement / capital raising.

• October 2010 – New higher grade zone discovered at Buccaneer Porphyry 67m @ 2.07g/t gold.

• November 2010 – Second drill rig added for Hyperion Gold project.

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Our Objectives and Values

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• Performance (Strive to excel) through expressing energy and initiative, working as a team,

being accountable for all actions and always reaching for continuous improvement.

• Simplicity (Keep it simple) through focusing on priorities, avoiding bureaucracy,

communicating clearly and striving to being quickly understood.

• Leadership (Show the way) through providing positive direction in a dynamic context,

thinking strategically, being innovative and creative in a way that is inspiring to others.

• Commercial focus (Treat the company as if you owned it ) by being financially responsible,

making ruthlessly objective decisions, staying fully informed, understanding the market and

working always to create long term shareholder value.

• Integrity (Always doing the right thing) through always acting with openness, honesty,

authenticity and respect to all stakeholders including the global community. The company expresses its dignity through the dignity of its office bearers.

(ASX:ABU)


Our other Commitments

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• ABM Resources acknowledges and respects that it is exploring on land owned by

Traditional Owners and our liaison with the Traditional Owners and communities is

via the Central Land Council.

• ABM Resources is committed to minimising impact on the environment and to

rehabilitating the environments which it disturbs.

• ABM Resources is committed to a safe working environment.

• ABM Resources is committed to an equal opportunity work force.

• ABM Resources is committed to growing value in the Company via exploration

success. That value is for the benefit of our Shareholders and Stakeholders.

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Exploration Philosophies that Guide Us

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• Consolidate regions and belts.

• The Tanami-Arunta Region is one of the most underexplored regions in Australia

and will yield further discovery.

• Drill Early, Drill Deep, Drill Often – our value is created at the drill-stem.

• Follow the facts not the dogma.

• Testing multiple targets will increase the chance of discovery.

• Every new discovery starts with one hole.

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Where are we?

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Why the Tanami-Arunta?

• The most under-explored major gold terrain in Australia.

• ABM were able to consolidate a significant regional position in two transactions.

• Part of a global Paleoproterozoic gold event.

• Relatively little systematic or deep exploration.

• Analogous to Birimian Shield in West Africa (Ghana, Mali, Burkina Faso etc.).

• Prior to 1990s only yielding relatively small shallow oxide gold deposits.

• Callie Gold Mine (Newmont) discovered with a blind surface signature in 1990s and now one

of Australia’s best gold mines (~360,000 oz pa @ 6g/t &>5Moz Reserve + Production).

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Less than 0.01% of ABM’s Tenements have been explored below 100m – yet the

biggest deposit in the region (Callie > 5Moz) was a 7ppb gold anomaly at surface and

extends as pipelike bodies from 100m - >1000m depth.

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Discovery at Twin Bonanza!

Twin Bonanza

• Located in the Trans-Tanami

Structure – same host as Callie

(5Moz).

• Seven targets in a broadly

anomalous 100 sq km region.

• Two Advanced Stage Discoveries.

• High grade and bulk tonnage

prospects.

• Proximal to milling infrastructure

for short-term high grade toll

treatment options.

• ABM goal – prove up a cluster of

deposits for new stand-alone

operation.

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• 600m x 250m long central / south

area.

• ABM’s first holes drilled best ever

intersections:

• 43m @ 7.0g/t Au

• 17m @ 16.42g/t inc

• 5m @ 274g/t inc

• 1m @ 1360g/t.

And previous results

• 6m @ 26.69g/t

• 10m @ 11.86g/t

• 13m @ 6.24g/t

• 3m @ 10.30g/t

• 1m @ 46.60g/t.

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Twin Bonanza –

Old Pirate High Grade Gold

Refer press release 31/8/2010 & 15/11/2010 >

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Twin Bonanza –

Old Pirate High Grade Gold

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• Overall the system is >3km long.

• North and south of central area is largely un-

tested.

• Far North returned 11m @ 3.55g/t gold

including 1m @ 32g/t gold in recent drilling.

• ABM is commencing permit process for bulk

sample (~2000 to 5000 tonnes of vein material)

for Q1 / Q2 2011.

Refer press release 31/8/2010 & 15/11/2010 ^

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Twin Bonanza – Old Pirate to Buccaneer

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Central Tanami

Mine

OP Central / South Area – 600m Strike

OP South – Rocks

over 2000g/t Au

Untested veins up to

16g/t Au in rock

chips

ABM – 25 person

camp

Buccaneer Porphyry

Gold Prospect

OP Far North

Outcrop –

anomaly extends

under-cover

Anomaly 19

Casa 1x1km

Au Anomaly

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Twin Bonanza –

Buccaneer Gold Porphyry

• 1.6km by 3km Gold Anomaly.

• Intrusive related / porphyry gold

system of comparable or larger

footprint than many world-class

systems.

Prior to ABM’s work

• ~15% of anomaly tested with drilling

to 100 metres below surface.

• 1000ppb Au200-1000 ppb Au

50-200ppb Au

20-50 ppb Au

10-20ppb Au

150m DH

1000m

Buccaneer Prospect (see next

slide)

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Twin Bonanza –

Buccaneer Gold Porphyry

• Southern Zone 200K to 300K square

metres (15% of overall anomaly).

• Confirmed to 350 metres depth.

• ABM recent drill results such as:

• 363m @ 0.59g/t gold inc.

• 202m @ 1.00g/t gold

• 39m @ 2.24g/t gold.

• 341 metres grading 0.69g/t gold

including:

• 93 metres grading 0.70g/t gold and

• 127 metres grading 1.18g/t gold

including:

• 67metres grading 2.07g/t gold

(0.7g/t cut-off).

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Plan view of southern portion of the Buccaneer Porphyry Prospect showing drill hole locations and geology. Map includes inferred composite contour at various grade cut-offs from drilling projected from various levels to surface i.e. does not represent single level plan-slice – refer to cross-sections for indications of width.

Refer press release 22/9/2010 >

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Twin Bonanza – Buccaneer Gold Porphyry

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Cross-Section D Cross-Section G

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320 m

etre

s

Plan View

View SW

3D Grade Contour >0.1g/t Cut Off

(average drill assay grade inside =

0.63g/t – IMPORTANT NOTE this

grade does not constitute a

mineral resource grade)

Area untested by deep

drilling. Phase 3 holes planned

Area untested by

deep drilling. Phase 3 holes planned

Commencement of 3D modeling as precursor to Resource estimation

(ASX:ABU)



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Plan View

View SW

Area untested by deep

drilling. Phase 3 holes planned

Area untested by

deep drilling. Phase 3 holes planned

Commencement of 3D modeling as precursor to Resource estimation

3D Grade Contour >0.3g/t Cut Off

(average drill assay grade inside =

1g/t – IMPORTANT NOTE this

grade does not constitute a

mineral resource grade)

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Movie

>0.1g/t grade-shell fly

around.

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Porphyry Outline

Buccaneer – area of

current drilling

Buccaneer North –

several anomalous holes

including 51m @ 0.3g/tAu

requiring follow up

No drilling – test 2011

No drilling – test 2011

Buccaneer represents ~15%

of an overall 3km long

anomalous intrusive.

Most of the remainder of

the intrusive has not been

adequately tested with

drilling.

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Hyperion

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5 gold targets.

• 2km by 1km system.

• Close to Groundrush

Haul Road.

Intercepts such as:

• 60m @ 2.57g/t gold inc.

• 21m @ 4.27g/t gold.

• 28m @ 5.07g/t gold inc.

• 13m @ 10.41g/t gold.

14 holes drilled pending

results.

Refer press release 9/3/2010 >

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What to expect for 2011

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Twin Bonanza Project:• Further drill results from Buccaneer (12 holes /

4000 metres pending assay).

• Old Pirate Bulk Sample.

• Aim for first resource estimates at Buccaneer.

• Continue to expand the foot-print at Buccaneer.

• Metallurgical test work at Old Pirate and Buccaneer.

• Test other targets around Twin Bonanza such as:

• OP Far North.

• Buccaneer Northern Extensions.

• Anomaly 19.

• Casa Zone.

Other Regional targets for drill-testing:

• Aim to test 10 to 20 regional targets with 15000 to 30000

metres of drilling.

(ASX:ABU)


Targets for 2011

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Kroda – 4 targets

14km anomalism

27m @ 6.42g/t Au

6m @ 25.4g/t Au

Stafford – 4 targets

20km anomalism

35m @ 2.02g/t Au

2m @ 18.15g/t Au

Barrow Regional

160km structural

corridor

Large untested gold

anomalies.

North Arunta

60km stretch of

untested Trans-

Tanami Structure

Lake Mackay

Copper-Gold Targets

16m @ 3.4g/t Au

4m @ 2.67% Cu

Mallie

Look-alike

geophysical

signatures to Callie

North Tanami

Large gold anomalies

untested

Twin Bonanza

Multiple targets and

discoveries

Hyperion

Multiple targets and

discoveries

(ASX:ABU)


Proposed News Flow

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December 2010

Phase 3 Results

Buccaneer

Phase 1 Results

Hyperion

April 2011

Rigs mobilized to

regional targets

2011 ->

Continue aggressive exploration

Aim to expand Buccaneer and other

targets at Twin Bonanza

Complete test of 10 to 20 regional targets

January 2011

Commence

3D modeling and

resource work at

Buccaneer / Hyperion

March2011

Rigs mobilized to

Twin Bonanza

February 2011

Recommence on-

ground work

ABM aims to build multiple

discoveries into gold resources

and become Australia’s

preeminent discovery company

(ASX:ABU)


Summary

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The Company…Strong Management.

New on-ground team &

logistics.

Focused on GOLD!

The Future...Constant stream of drill

results.

Advancing Buccaneer and

Hyperion to Resource in Q1

2011

Pending permits for bulk

sample at Old Pirate.

Drilling more and deeper

than any other gold junior

explorer in the country.

The Assets…New Discoveries being

advanced to Resource.

Bulk Tonnage and High Grade

Gold Prospects.

Regional Targets.

Largest junior gold land

holding in Australia.

Controlling the upside of the

most underexplored gold belt

in the Country.

(ASX:ABU)


Thank you.

For Further Information Please Contact ABM Resources

Managing Director – Darren Holden

CFO / Company Secretary – Jutta Zimmermann

[email protected]

Tel +61 (0) 8 9423 9777

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mailto:[email protected]

(ASX:ABU)


Appendix – Gallery of Recent

Field Activities

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“unlocking the potential of australia’s final frontier” 27Drill Rig at Buccaneer MD Darren Holden & Project Geo Alwin Van Roij a gold huntin’

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“unlocking the potential of australia’s final frontier” 28

Project Geo Patrick Smillie panning free gold from RC Chips

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“unlocking the potential of australia’s final frontier” 29The “Golden Dragon” – Free gold in veins at Old Pirate

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“unlocking the potential of australia’s final frontier”30

Luke Forti on outcropping quartz veinswith visible gold at Old Pirate

The yellow stuff is gold

Director Archibald Project Geo Rebecca Richards in the field.

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Happy Campers

Project Geo Luke Forti and Director Imants Kins on the Old Pirate

South Discovery Outcrop

Chairman Etheridge At Old Pirate

Gold is easier to find when it is sign-posted

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Gossanous Hematite breccias (Cu-Au bearing) at the Tekapo IOCG anomaly at Lake Mackay

Quartz field at Taupo Cu-Au AnomalyResidents of our Lake Mackay ProjectsThe Tanami Road (Sealed Section)

chairman’s and managing director’s address...

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