AUKING MINING LIMITED — Investor Presentation 2009

May 27, 2009

Investor Update – ~~Results and Growth Strategy~~ May 2009

Jason Beckton – Managing Director

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DISCLAIMER

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

To the maximum extent permitted by law, China Yunnan Copper Australia Limited 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 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 any matter that subsequently comes to its notice, which may affect any of the information contained in this document and presentation.information contained in this document and presentation. Competent Persons StatementCompetent Persons Statement The information in this report that relates to Exploration Results is based on information The information in this report that relates to Exploration Results is based on information compiled by Jason Beckton, who is a Member of the Australian Institute of Geologists 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 and a Member of the Australasian Institute of Mining and Metallurgy, and is the Managing Director of China Yunnan Copper Australia Ltd. Mr Beckton has sufficient Managing Director of China Yunnan Copper Australia Ltd. Mr Beckton has sufficient experience relevant to the styles of mineralisation and type of deposits under 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 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 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 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 matters based on his information in the form and context in which it appears.

Agenda

• Our Partnership • CYU – The Company • Board and Management • Existing CYU Projects • Gem Discovery • New Project Pipeline • Why invest in CYU ?

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CYU – The Company

Copper and Gold focus

Price A$0.17 ASX code CYU Shares issued 77.6M Options 18.4M Market Cap. A$13.2M Cash A$2.4M Listed 29 October ’07 MAJOR SHAREHOLDERS China Yunnan Copper 21.7% (Australia) Development Co. Norm Zillman 10.3% Elliott Nominees Pty Ltd 9.0%

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Top 20 shareholders hold 86% Top 20 shareholders hold 86% (as at 18(as at 18 [th][th] May ’09)May ’09)
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CYU Board and Management

An experienced team of resource project developers

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Mark ElliottMark Elliott Paul MarshallPaul Marshall Norm ZillmanNorm Zillman Chao YangChao Yang Liang ZhongLiang Zhong Jason BecktonJason Beckton Zewen YangZewen Yang
Non-ExecutiveNon-Executive CompanyCompany Non-ExecutiveNon-Executive Non-ExecutiveNon-Executive Non-ExecutiveNon-Executive ManagingManaging ExecutiveExecutive
DirectorDirector SecretarySecretary Co-ChairmanCo-Chairman Co-ChairmanCo-Chairman DirectorDirector DirectorDirector DirectorDirector
BrisbaneBrisbane BrisbaneBrisbane BrisbaneBrisbane BeijingBeijing KunmingKunming BrisbaneBrisbane SydneySydney
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C Y U Board and Management Management – Proven International Discovery and Development Record

Richard Hatcher – Senior Geologist – San Anton Mexico, Palmarejo Mexico, Roseby Cloncurry. – Jim Cran Senior Geologist – Biely Vrch Slovakia, Tolukuma PNG, Sappes Greece. David Sims – Field Manager – Sunrise Dam and Wallaby WA, Namosi Fiji Lucy Wu – Administration – Mining Dept Hubei Province, PNG and Mt Isa experience.

Cornerstone Investor – Yunnan

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Yunnan’s MinesYunnan’s Mines
••
6 mines in production6 mines in production
•• 3 mines in development3 mines in development YanglaYangla
Cu MinesCu Mines
••
Most are IOCG StyleMost are IOCG Style
Chinese Production 07Chinese Production 07 LalaLala
Cu MineCu Mine
••
426,000 t copper cathode426,000 t copper cathode
DayaoDayao
•• 660 t silver660 t silver Cu MineCu Mine DongchuanDongchuan
Cu MinesCu Mines
••
10 t gold10 t gold
•• 12,000 employees12,000 employees MoudingMouding
Cu MineCu Mine
•• Revenue US $5.88 billionRevenue US $5.88 billion
ElsewhereElsewhere DahongshanDahongshan
Cu MinesCu Mines
•• ZambiaZambia
•• LaosLaos
••
PhillipinesPhillipines
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Australian Target Style – IOCG

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Copper Deposits
Major
Other
Warrego Gecko Ernest
TENNANT Henry
CREEK Peko/Juno Starra Eloise
Osborne
MT ISA EFB
Olympic
GAWLER Dam
Early Proterozoic Manxman North Portia
Cu Blow
Basin
Prominent Hill
CURNAMONA
Block
Moonta
Archaean
Basin
Gneiss complex
Block
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CYU’s Existing Projects

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CYUCYU
Projects & TargetsProjects & Targets
1.1.Cloncurry – Cu, Au, UCloncurry – Cu, Au, U
2.2.Mt Isa – Cu, Au, UMt Isa – Cu, Au, U
1. Cloncurry – Cu, Au, U1. Cloncurry – Cu, Au, U 3. Pentland – Au, U3. Pentland – Au, U 3.3.Pentland – Au, UPentland – Au, U
CYUCYU
CYCY 4.4.Ravenswood – AuRavenswood – Au
UU
5.5.Clermont – AuClermont – Au
4. Ravenswood - Au4. Ravenswood - Au
2. Mt Isa – Cu, Au, U2. Mt Isa – Cu, Au, U
5. Clermont - Au5. Clermont - Au
Total area of tenements ~ 1,800 kmTotal area of tenements ~ 1,800 km [2][2]
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Mt Isa – Cloncurry

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Mt Isa ProjectMt Isa Project

• •• Mt Isa Mt Isa 255 Mt @ 3.3% Cu255 Mt @ 3.3% Cu

• •• Mt IsaMt Isa 90 Mt @ 7% Pb, 6% Zn90 Mt @ 7% Pb, 6% Zn

• •• George FisherGeorge Fisher 108 Mt @ 11% Zn, 5% Pb108 Mt @ 11% Zn, 5% Pb

• •• Ernest HenryErnest Henry 167 Mt @ 1% Cu, 0.5g/t Au167 Mt @ 1% Cu, 0.5g/t Au

• •• CanningtonCannington 44 Mt @ 11% Pb, 44 Mt @ 11% Pb, and 4% Zn, 540g/t Agand 4% Zn, 540g/t Ag

• •• Mary KathleenMary Kathleen 9.5 Mt @ 1.3 kg/t U9.5 Mt @ 1.3 kg/t U330088

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Cloncurry Exploration Success

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Cu Au Discovery - Gem

• Hole GR-003 results include 38m @ 1.25% copper and 0.20g/t gold from 33m, including 22m @ 1.96% copper and 0.29g/t gold from 45m.

• Drilling completed at the Gem Prospect, Cloncurry North

• Project with the results from the first of five holes now received.

• Possible commercial implications, depth and width

• characteristics favourable.

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Cu Au Discovery - Gem
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Cu Au Discovery - Gem

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Mt Isa – Prospects Drilled

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North East Qld – High Grade Results

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RavenswoodRavenswood
ProjectProject
PentlandPentland
ProjectProject
ClermontClermont
ProjectProject
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Major DepositsMajor Deposits Charters TowersCharters Towers

• •• 7.1 Moz Au7.1 Moz Au •• 6.5 Mt @ 34g/t Au6.5 Mt @ 34g/t Au Kidston Kidston

• •• 3.3 Moz Au3.3 Moz Au •• >80 Mt @ 1.3g/t Au>80 Mt @ 1.3g/t Au Pajingo Pajingo

• •• 3.0 Moz Au3.0 Moz Au •• >7 Mt @ 13.4g/t Au>7 Mt @ 13.4g/t Au Mt Leyshon Mt Leyshon

• •• 1.8 Moz Au1.8 Moz Au •• >48 Mt @ 1.3g/t Au>48 Mt @ 1.3g/t Au ThalangaThalanga

• •• 6.4 Mt @ 12.3% Zn 6.4 Mt @ 12.3% Zn and 2.2% Cuand 2.2% Cu

Toomba (36 samples average 7.2 g/t Au)

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Toomba, gold, mesothermal structure – deeper IRG target remaining

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Project Generation, Latin American Example

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• •• Utilising existing contacts Utilising existing contacts in Latin America to in Latin America to generate projects.generate projects.

• •• Target medium (50Mt) Target medium (50Mt) to large (>100Mt) copper to large (>100Mt) copper deposits at feasibility deposits at feasibility stage.stage.

• •• CYU shareholders to CYU shareholders to benefit directly from any benefit directly from any potential transactions.potential transactions.

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Yunnan Group’s long term goals Clear goals ensure a sound strategy

• •• Copper resources/reserves: 10 MtCopper resources/reserves: 10 Mt

• •• Copper cathode output: 500 kt paCopper cathode output: 500 kt pa

• •• Copper-in-concentrate output: 300 kt paCopper-in-concentrate output: 300 kt pa

• •• Annual further processed output: 300 ktAnnual further processed output: 300 kt

• •• Projects should have minimum 800 kt fine copper Projects should have minimum 800 kt fine copper in situ or potential to deliver this target and morein situ or potential to deliver this target and more

• •• Same work is applied in terms of time to small projects Same work is applied in terms of time to small projects as to large – money can be found and even replaced, as to large – money can be found and even replaced, time cannot.time cannot.

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Discovery to Production – 7 years
Early stageEarly stage Purchase of potentiallyPurchase of potentially
GrassrootsGrassroots economic mineralisationeconomic mineralisation
explorationexploration with a few drillwith a few drill
2 years +2 years + intersectionsintersections
Discovery (copper deposit)Discovery (copper deposit)
Reserves delineation,Reserves delineation,
technical and economictechnical and economic
evaluationevaluation
2 years2 years
Financing andFinancing and Pre-discovery phasePre-discovery phase
permittingpermitting Discovery to production phaseDiscovery to production phase
(engineering)(engineering)
Production phaseProduction phase
½ year½ year
Source: CRU AnalysisSource: CRU Analysis
Engineering andEngineering and
constructionconstruction
2½ years2½ years
Commercial productionCommercial production
@ 150ktpa copper@ 150ktpa copper
Minimum 15 yearsMinimum 15 years
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A partnership with a competitive edge

• Yunnan provides;Yunnan provides; •• Access to project financeAccess to project finance

• •• Access to Chinese equipmentAccess to Chinese equipment

• •• Operational expertiseOperational expertise

• CYU provides;CYU provides; •• Focus on copper and goldFocus on copper and gold

• •• Exploration and operational successExploration and operational success

• •• Introductions to projectsIntroductions to projects

• •• Robust due diligenceRobust due diligence

• •• Potential concentrate deliveryPotential concentrate delivery

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Strategic Relationship

Chinalco 49% Yunnan Copper Industry Group (YCI)(YCI) 22% China Yunnan Copper Australia (ASX:CYU)(ASX:CYU)

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Why Invest in CYU?

• Exploration success in Mt Isa/Cloncurry District, Exploration success in Mt Isa/Cloncurry District, discovery is best value driver.discovery is best value driver.

• Parallel project generation effortParallel project generation effort •• Copper cash cost of < $US1.00/lbCopper cash cost of < $US1.00/lb

• •• Open pit/low strip ratio preferenceOpen pit/low strip ratio preference

• •• Mining friendly jurisdictionsMining friendly jurisdictions

• Unique blend of opportunity Unique blend of opportunity •• global financial crisisglobal financial crisis

• •• proven expertise in discoveryproven expertise in discovery

• •• financial resources financial resources

Aim is to achieve consistent resource base growth Aim is to achieve consistent resource base growth to underpin future production goalsto underpin future production goals

Xie Xie – Thank you www.cycal.com.au