AUKING MINING LIMITED — AGM Information 2009

Nov 29, 2009

China Yunnan Copper Australia Ltd AGM Presentation 30[th] November 2009 11.30am Santos House Brisbane Norm Zillman – Co Chairman Jason Beckton – Managing Director

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CAUTIONARY NOTE AND COMPETENT PERSONS STATEMENT

Whilst this document and presentation is based on the information from sources which are considered reliable, China Yunnan its employees and consultants not represent, warrant nor guarantee, expression nor implication, that the information in this document and presentation is complete or accurate.

To the maximum extent permitted by law, China Yunnan Copper Australia Limited disclaims any responsibility to inform any recipient of this document and presentation of any matter that subsequently comes to its notice, which may affect any of the information contained in and presentation Copper Australia Limited, directors, do by presentation.

Competent Persons Statement

The information in this report that relates to Exploration Results for Gem, Pentland and Stanleys Hope is based on information compiled by Jason Beckton, who is a Member of the Australian Institute of Geologists and a Member of the Australasian Institute of Mining and Metallurgy, and is the Managing Director of China Yunnan this document Copper Australia Ltd. Mr Beckton has sufficient experience relevant to the styles of mineralisation and type of deposits under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results and Mineral Resources". Mr Beckton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates to the Exploration Target for the Elaine One Anomaly is based on information compiled by Arnold van der Heyden, who is a Member of the Australasian Institute of Mining and Metallurgy is a Consulting Geologist for Hellman and Schofield Pty Ltd. Mr van der Heyden has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results and Mineral Resources". Mr van der Heyden consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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Agenda CYU - Objectives - Operations Copper Uranium. Gold CYU Future

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CYU – The Company

Price A$0.23 ASX code CYU Shares issued 108.6M Options 18.4M Market Cap. A$25M Cash A$4.6M

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MAJOR SHAREHOLDERS China Yunnan Copper 21.7% (Australia) Development Co. Norm Zillman 7.4% Elliott Nominees Pty Ltd 6.8%

BOARD OF DIRECTORS Norm Zillman Co Chairman Liang Zhong Co Chairman Jason Beckton Managing Director Zewen Yang Executive Director

Top 20 shareholders hold 69% (as at 30[th] Nov ’09)

Successful Rights Issue to raise $4.6 million due to support of Yunnan Copper

CYU Objectives by June 2010

Production

Construction Feasibilit y Pre-Feasibility Resource + Sco in p g Develo ment Drillin p g

Prospect + Exploration Drilling Detailed Surface Evaluation

Prospecting

2 by end of 2010 Gem, Elaine Dorothy Norwood, Emu, Stanely’s Hope ~~Little~~ Isa, Yarraman, Mt Dorothy Gap, Ravenswood Australia

Geologic Targeting

Australia, China, Chile

CYU – Operations

- Projected Jan to June 2010 Operations

• Gem Resource Definition drilling and estimate.

• Pentland JV Drilling of Intrusive Related Gold Targets.

• Elaine Dorothy Uranium Target drilling results to model.

• Drilling Stanley’s Hope Gold Epithermal Target.

• Drilling Mt Dorothy, Little Isa.

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CYU’s Existing Projects –
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NW Queensland - Copper Uranium

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Greenfields to Resources

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Copper Gold Uranium

Target Dimensions

• Ernest Henry 167 Mt @ 1% Cu, 0.5g/t Au

• Mary Kathleen 9.2 Mt @ 1.2 kg/t U308

– Target Progress Cu Au

• Gem, up to 38 metres @ 1.25% Cu, 0.2g/t Au

• • Resource late 2009, early 2010 –

• Target Progress U

• Elaine Dorothy Target

• • Target of 0.15 to 0.25Mt

• • @ 0.5 kg/t U308

Uranium - Elaine Dorothy Target

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Elaine Dorothy – Uranium Target

Twin diamond drilling of three holes completed. Samples dispatched to laboratory. Collation in 3D of previous drilling and recent drilling on receipt of results.

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Elaine Dorothy – Core Sample

Uranium mineralisation (black specks) disseminated through allanite.

CYU’s Existing Projects – NE Queensland - Gold

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Gold – Pentland JV with ActivEX Mt Remarkable and Norwood Drill ready targets

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Gold – Pentland JV with ActivEX Mt Remarkable and Norwood Drill ready targets

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– Norwood Induced Polarisation section depicting chargeability anomaly surrounding a magnetic high and proposed drill holes.

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North East Qld – Epithermal Gold Stanley’s Hope

Twenty Rockchip Samples averaging 2.8 g/t Au

Stanley’s Hope - Tested too shallow previously

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Epithermal vertical metal model

CYU Deal Flow

Meeting criteria of advanced - drill ready projects in the best jurisdictions. Near our existing projects.

• Copper Uranium - Mary Kathleen JV – Mt Isa • Gold – Pentland JV – Gold Porphyry Drilling • Gold - Stanley’s Hope Purchase Agreement • Three significant deals completed in three months. • Turning over tested ground, ranking targets

CYU is committed to continuing high quality deal flow in order to meet our goal of near team production.

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CYU 2009 - 2010

CYU Team - Toward Resources from Greenfields Exploration Success.

• Copper Uranium – Gem and Elaine Dorothy

• Gold – Pentland JV – Porphyry Gold

• • Gold - Stanley’s Hope Epithermal Gold

• Project Generation

• Near term production assets in quality jurisdictions (Australia, China and Chile) under review.

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Xie Xie - Thankyou ASX:CYU www.cycal.com.au

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