Annual General Meeting

Perth 2006

Shanker Madan Managing Director

Strike Resources Limited

An International Energy & Resources Company

• Uranium - Ifon Ore - Gold/Copper

Strike Resources Limited

Strategic mineral assets Advanced targets Key portfolio of landholdings Global demand

Excellent Management Team

Experienced Directors

Shanker Madan - Managing Director John Stephenson - Chairman Faroog Khan Victor Ho Williamiohnson

Tight Capital Structure

48m Shares (SRK) 27m Options (SRKO) 4.6m Directors' Options

Projects - Peru

$\blacksquare$ Town

Peru - Apurimac Project

Advanced Iron Exploration Targets

Opaban I - Resource target of 210-260 million TO ALLESA

Opaban III - JORC Inferred Resource of 21 million tonnes @ 63.1% Fe.

Prominent adjacent targets within Cristoforo 22,

Resource potential at Pampachiri concessions.

Concession area

21 Concessions = 18488He Close to city of Andahuaylas

Gravity Survey

0

Drill Results - Opaban I & III

Summary 31 diamond core holes = 2667m Tritersections include: Opaban III Opaban I $OP002 - 69m$ @ 64.5% $OP018 - 87.9m$ @ 63% $OP005 - 63m$ @ 63.7% OP020 - 128m @ 60% OP008 - 105.4m @ 62.5% OP021 - 76.6m @ 62% $OP012 - 82.5m$ @ $61.2%$ OP023 - 53.1m @ 61%

OP013 - 74.5m @ 63.6%

The above grades are with reference to +6.3mm material which constitutes >90% of the sample weights

Peru - Cuzco Project

Iron Exploration Target Prelininary work conducted Mapping Ground Magnetic Survey data Site Inspection

Estimated 500Mt resource @ +64% Fe

Concession Area

80km south of Cuzco 400km from coast

6 Concessions = 4926Ha

Projects - Australia

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Australia Paulsens Bast Project

Iron & Gold Exploration Target

Ø

Paulsens East - Exploration Programme

• E Site Inspection & Rock Chip Sampling conducted - 65% Fe
• DOIR & DLI Approval
• Aboriginal Heritage Survey Clearance
• Gravity Survey f.

• · RC Drilling

• Scheduled to commence in October

Australia Bigrlyi South Project

Uranium Exploration Target

•5 Tenements = 1666km²

ODelineate primary mineralisation along existing thrust faults and fold hinges.

•4 known but untested uranium anomalies

Bigriyi South Exploration Programme

CLC/Indigineous Approval Site Investigation Photogeological Interpretation Radiometric Surveying

Australia - Mt James Project

Uranium Exploration Target

04 Tenements = 427km²

oShallow carnotite mineralisation in lateritic profile

ODeeper uraninite mineralisation in pegmatitic veins in the gneissic rocks - vein type deposits

$-0.17\%$ U₃O₃ for 0.2m at 69.5m in a diamond core hole

•12 known but untested uranium anomalies R

Australia -Mt Lawrence Project

Uranium Exploration Target

•3 Tenements = 90km²

oPalaeo drainage feeding into Lake Way with Hinkler, Centipede and Millipede uranium OCCURRENCES

eHinkler Well uranium bearing channel and the gravels that cover the northern extent of the channel extend into Strike's tenements

Australia - Canning Well Project

Uranium & Gold Exploration irarag

02 Tenements = 280km²

o1 uranium anomaly from Lag sampling

03 gold anomalies from Stream sampling

Projects - Inclonesia

OCONCESSION a dea 5601 Fa

PEpithermal gold vein targets and potential for gold stock work systems

·Target for porphyry copper mineralisation

OPORENTEL FOR FIGHT DOGS OF hydrothermal lead and zinc mineralisation

THANK YOU

The information in this presentation that relates to exploration results has been compiled by Mr Hem Shanker Madan who is a Member of The Australian Institute of Mining and Metallurgy. Mr Madan is the Managing Director of the Company. Mr Madan has in excess of 5 years experience which is relevant to the style of mineralisation under consideration and qualifies as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORG Code). Mr Madan consents to the inclusion in this presentation of the matters based on his Information in the form and context in which it appears.

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