COPPERMOLY LIMITED — Investor Presentation 2011

Nov 27, 2011

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ADDRESS PHONE PO Box 6965 +61(07) 5592 1001 Gold Coast Mail Centre FAX Qld 9726 Australia +61 (07) 5592 1011 EMAIL ABN 54 126 490 855 info@coppermoly.com.au WEBSITE www.coppermoly.com.au

ASX Announcement

28 November 2011

ASX Code: COY

CORRECTION: END OF 2011 PRESENTATIONS BY MANAGING DIRECTOR

There was an error in the previous ASX Announcement with the dates advised for the Sydney and Melbourne presentations. This has now been corrected below:

Coppermoly will be presenting the attached presentation at the following venues. The presentations are aimed at providing investors and shareholders with recent results and project acquisitions:

1. PNG Mining Seminar, Gateway Hotel, Port Moresby. Wednesday 30[th] November 9 am.

2. NSW Trade & Investment Centre, 47[th] floor of the MLC Centre, corner of King and Castlereagh Sydney. Wednesday 7[th] December , 5:55pm. Canary Investor Roadshow.

3. Melbourne Town Hall, Yarra Room, 90-120 Swanston St, Melbourne. Thursday 8[th] December , 5:55pm. Canary Investor Roadshow.

The presentation can be downloaded as a PDF file on the home page of Coppermoly’s website www.coppermoly.com.au

On behalf of the board,

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Peter Swiridiuk MANAGING DIRECTOR

For further information please contact Peter Swiridiuk or Maurice Gannon on (07) 5592 1001 or visit www.coppermoly.com.au,

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“Major Copper‐Gold Systems being Drill Tested.”

November‐December 2011

This document is not a disclosure document nor does it constitute the provision of financial product advice. No representation or warranty is made as to the accuracy, completeness or reliability of the information.

The information is provided expressly on the basis that recipients will carry out their own independent inquiries into the matters contained herein and make their own independent decisions about the affairs, financial position or prospects of the Company which reserves the right to update, amend or supplement any information at any time in its absolute discretion.

The technical information provided by Barrick (PNG Exploration) Ltd, a wholly owned subsidiary of Barrick Gold Corporation has been interpreted by Coppermoly Ltd and does not necessarily reflect views by Barrick.

Competency Statement

The information in this presentation that relates to Exploration Results is based on information compiled by Peter Swiridiuk, who is a Member of the Australian Institute of Geoscientists.

Peter Swiridiuk is a consultant to Coppermoly Ltd and is employed by Aimex Geophysics. Peter Swiridiuk has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and 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 of Exploration Results, Mineral Resources and Ore Reserves’. Peter Swiridiuk consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Please consult www.coppermoly.com.au for more detailed information.

• Coppermoly: A$8m – PNG Copper Porphyry

• Marengo Mining : A$203m – PNG Copper porphyry

• Robust Resources: A$107m – Indonesia Copper

• Intrepid Mines: A$576m ‐ Indonesia Copper and Gold

• Exeter Resources: C$432m – Chile Gold and Copper

• In an agreement with Barrick (PNG Exploration) Ltd, they have spent A$18m within two years on nineteen diamond drillholes for 9560 metres. At a spend of A$20M, Barrick will earn in a 72% interest in three Nakru and Simuku tenements.

• Drilling is continuing at the Simuku and Kulu prospects. At least two major Copper‐ Molybdenum‐Gold systems have been defined.

• Nakru‐1: Drillhole intersection of 213.75m grading 0.92% copper and 0.33 g/t gold . 27 Diamond drillholes for 5928 metres completed at Nakru‐1.

• Simuku: Inferred Mineral Resource of 200 million tonnes at 0.47% Cu.Eq (see notes) being drill tested to over 1000m depth. A total of 37 diamond holes for 10,248 metres.

• Three tenements under application on New Britain Island.

• Farm‐in deal to drill test Copper‐Gold systems in Southeast Queensland.

• Projects have good access to existing Infrastructure to reduce development costs.

	Company Overview (ASX:COY) New Guinea Gold Corp (TSX‐V:NGG) 14% Vangold Resources Ltd (TSX‐V:VAN) 9% National Nominees Ltd 5.4% Barrick 4% Current Shares on Issue 149 million Share Price 6 cents Market Capitalisation $8 million Cash at Bank $1.6 M Top 20 Shareholders currently hold 56%

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Papua New Guinea – Highly Mineralised
COPPERMOLY
Lihir ‐ 40 Moz AuEq
Frieda ‐
Simuku
1060 Mt at 0.53% Cu,
200Mt at 0.36% Cu
0.29g/t Au
Porgera –
25 Moz Au
Ok Tedi – Yandera ‐
663 Mt at 0.76% 667 Mt at 0.33% Cu
Panguna –
Cu,
(Bougainville)
0.85g/t Au
944Mt at 0.48% Cu, 0.56g/t Au
Wafi ‐ Golpu
COPPERMOLY
Mt. Nakru
213m at 0.92% Cu,
0.33 g/t Au
Papua Misima ‐ 5 Moz Au
New Guinea
Australia
Map Area Australia
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New Britain Island – Nakru and Simuku Projects
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• Vehicle access to deep water port at Kimbe

• Local infrastructure

• Topography not extreme (200m to 800m)

• Landowners support

• Highly Prospective Copper Belt

Topography SRTM Image

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Ok Tedi/ Frontier Drilling

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• Projects have access to deep water port at provincial capital of Kimbe

• • Large palm oil industry has developed local infrastructure

Port at Kimbe

Barrick Office

Highly Mineralised Kulu‐Awit Copper Belt

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Nakru 1 – Copper Gold System
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1. Geophysics Shows Large Tonnage Potential not fully Drill Tested.

2. 27 diamond holes for 5928m completed to date

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In accordance with Clause 18 of The JORC Code the reference to ‘Exploration Target’ in terms of target size and type should not be taken as an estimate of Mineral Resources or Ore Reserves. The statement referring to quantity and grade of the exploration target is based upon exploration results to-date including extensive drilling which has intersected the mineralization. The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the definition of a Mineral Resource.

Rotating 3D Model of Nakru‐1 Mineralisation

• 31 diamond drill

holes completed for 7253m at Nakru‐1, 2 and 4

• Geophysics and geochemistry used to discover these systems

Nakru 2 ‐ Copper‐Zinc System 800m Diameter System – 3 Diamond Holes for 1053m • Massive Sulphide copper lens: 6.8m at 3.8% Cu at 30m Depth • Drill tested with one deep hole by Barrick: 64m at 0.59% Cu at 141m depth. • From 290.1m depth: 4.9m at 13.6% Zn, 24.03 g/t Ag, 0.41 g/t Au, 0.85% Cu

Simuku and Surrounding Talelumas Tenements 20km from Kimbe Deep Water Port

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Nayam Cu Prospect

Inferred Resource:

• 200 million tonnes at 0.47% Copper Equivalent (0.3% Cu.Eq cut‐off) See Notes.

• Drilling intersects copper to over 1000m depth including 43m at

• SMD19 intersected 93m at 0.59% Cu from 8m depth

• Secondary enrichment: 18m of 1.0% Cu from 18m depth

• 0.54% Cu from 224m depth.

Tobarum Cu Prospect

• SMD10 intersected 58m at 0.53% Cu at 24m depth

Horseshoe Cu‐Mo Prospect

• 14m at 0.42% Mo from surface

Diamond Drilling Rig – Nakru-1

Barrick Core Shed - Kimbe

On-Site Core Shed – Nakru-1

Simuku: Drilling to over 1000m Shows a Very Large System

Queensland Copper‐Gold Esk Trough Projects Farm‐in with (ASX:AIV)

1. Coppermoly to spend A$0.5M on drilling and exploration within 1 yr.

2. Coppermoly may elect to earn‐in 51% with a total spend of A$3M in 3 yrs.

3. Coppermoly may elect to earn‐in 70% by spending a further A$3M in 3 Yrs.

• Project four hours from Brisbane, the state capital

• Excellent location to infrastructure including towns and roads

• 20 min drive from town of Goomeri

Queensland Copper‐Gold Esk Trough Projects	Queensland Copper‐Gold Esk Trough Projects
Advanced Exploration completed
1.	Diamond and Percussion
	Drilling
2.	Airborne and Ground
	Geophysics
3.	Soil and Rock chip
	Geochemistry
4.	Alteration Mapping
5.	Geological mapping
Booubyjan Tenement
1.	9 sq.km of mineralisation
2.	Drilling to begin in 2012

Queensland Copper‐Gold Esk Trough Projects

Historical Drilling Results at Booubyjan Tenement Includes:

Kakapo Prospect:

• 88m at 0.47% Cu and 0.49 g/t Au from 38m depth

• 1.8m at 2.12% Cu and 0.72 g/t Au from 40m depth

• Hinds Prospect:

• 37.5m at 0.48% Cu and 0.66 g/t Au from 4.5m depth

• Kiwi Prospect:

• 4m at 1.11% Cu and 1.06 g/t Au from 26m depth

• Bath Prospect:

• 53m at 0.14% Cu and 0.3 g/t Au from 72m depth

• White Horse Prospect:

• 38m at 0.74% Cu and 0.13 g/t Au from 20m depth, Including 10m at 1.87% Cu and 0.14 g/t Au from 22m depth

• 44m at 0.43% Cu and 0.11 g/t Au from 22m depth Including 8m at 1.2% Cu and 0.08 g/t Au from 36m depth

• 2m at 2.42% Cu from 30m depth

Queensland Copper‐Gold Esk Trough Projects

Exploration Timetable

1. Dec 2011: Soil Sampling

2. Jan 2012: Review geophysics

3. Feb 2012: Mapping and Sampling

4. Mar 2012: Ground 3DIP geophysics

5. Apr 2012: 2000m of Drilling

6. July 2012: Review all results

7. Sept 2012: Decision point to earn‐in

Dal Brynelsen – Non Executive Chairman , CEO of Vangold Resources Ltd (TSX:VAN), founding Director of Griffin Mining. Over 30 years experience in the mining industry. Peter Swiridiuk – Managing Director, 21 years experience with copper and gold exploration in PNG, Solomon Is, Philippines, Oman, Mexico, Cyprus and Australia.

Maurice Gannon – Executive Director and Company Secretary, BSc, GAICD, FCIS, AFAIM, MAusIMM, 23 years experience in earth sciences, business and financial management. Ces Iewago – Non Executive Director. BACom, MBA, FAICD, expertise in PNG banking and finance. Chairman of New Guinea Gold (TSX:NGG). Political and Mining connections in PNG. Denis O’Neill – Geological Consultant with over 37 years experience in mining and exploration.

. On‐Site PNG Administration and Base of Operations at Kimbe on New Britain Island

• Drilling and exploration throughout 2011 and 2012

• Drilling to over 1000m confirms Simuku as a very large copper system

• Drilling at Nakru testing for tonnage potential

• All active projects are between a 1 and 4 hours drive from existing infrastructure including a deep water port which will be essential for future development

• New Esk Trough Deal to ensure news flow in 2012

• Mineralisation at Simuku consists of copper, molybdenum, gold and silver.

• Copper equivalent values have been calculated as (Cu + (7.6 x Mo) + (7818 x Au) + (101.3 x Ag))

• The copper equivalent values for intersections are quoted in addition to individual metal values, as they provide the most meaningful comparisons between different drill holes and trenches. The copper equivalent value will vary with the metal price.

• Copper Equivalent* is the contained copper, molybdenum, gold and silver that are converted to an equal amount of pure copper and summed (based on assays of mineralised rock and actual metal prices). It is used to allow interpretation of the possible theoretical ‘value’ of mineralised rock, without consideration of the ultimate extractability of any of the metals.

• Island Arc related porphyry copper – molybdenum - gold – silver deposits such as Simuku typically recover those metals subject to prevailing metal prices and metallurgical characteristics.

• The ASX requires a metallurgical recovery be specified for each metal, however, no testwork has ever been undertaken at Simuku and recoveries can only be assumed to be typical for Island Arc porphyry copper – molybdenum –gold –silver deposits.

• It is the Company’s opinion that each of the elements included in the metal equivalents calculation has reasonable potential to be recovered if the project proceeds to mining.

• All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection).

• Barrick Drill core and rock samples were transported to the field camp site then to the Barrick base in the town of Kimbe. The drill core was logged, orientated and sampled between 1m and 2m intervals from core split by saw. Half core was then freighted to Intertek Services in Lae (PNG) for sample preparation. Sample preparation involved drying the samples to 105 degrees C, crushing in a jaw crusher to 95% of the sample passing < 2 mm, rifle splitting and pulverising to 95% passing < 75 microns. Analytic pulps were then shipped to Intertek Laboratory Services in Jakarta (Indonesia) for geochemical analysis. Gold was analysed by 50g Fire Assay with Atomic Absorption Spectroscopy finish (gravimetric finish for samples with gold > 5 g/t). Multi-element analysis was done by multi acid digestion (HCL, HNO3, HCIO4/HF) ICP. Copper values greater than 0.5% were re-assayed with AAS finish. Intertek laboratories have an ISO 17025 accreditation.

• BWNBDD Series Drill Core is PQ, HQ and NQ in size with core recovery predominantly >90%.

• Drillhole co-ordinates are given in UTM Projection, Zone 56, AGD66 Datum.

• Mineralised intersections are quoted as downhole widths.