COPPERMOLY LIMITED — Investor Presentation 2011

Oct 23, 2011

ADDRESS PHONE Qld 9726 Australia+61 (07) 5592 2275

PO Box 7996 +61(07) 5592 2274 +61 (07) 5592 2274 Gold Coast Mail Centre FAX FAX EMAIL ABN 54 126 490 855 info@coppermoly.com.au WEBSITE www.coppermoly.com.au

ASX Announcement

25 October 2010 ASX Code: COY

PRESENTATION TO BE MADE TO THE MINING 2011 RESOURCES CONVENTION

Attached is a presentation which I will make at The Mining 2011 Resources Convention at the Brisbane Convention and Exhibition Centre. The presentation is scheduled for 4.50pm on Wednesday 26 October 2011.

An updated Company brochure, also attached, will be available at the conference and on the Company's website.

Yours faithfully,

M. Gannon Director & Company Secretary

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

The information in this release 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.

Notes:

• All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection).
• Drilling samples were transported to the camp site, logged, photographed and sampled at 2 metre intervals from core split by saw. The split samples are then transported to the town of Kimbe where they are air freighted to Intertek in Lae (PNG) for sample preparation. Samples are dried to 106degrees C and crushed to 2-3 mm. Samples greater than 2kg are rifle split down to 1.5kg and pulverised to 75 microns. The final 300g sized pulpsamples are then sent to Intertek laboratories in Jakarta for geochemical analysis. Intertek analyse for gold using a 50g Fire Assay with Atomic Absorption Spectroscopy finish. Other elements are assayed with ICPAES Finish. Copper values greater than 1000ppm are re-assayed using a multi acid digest (hydrochloric, nitric, perchloric and hydrofluoric acid) to leach out the copper with an ICP finish. Molybdenum samples greater than100ppm were check assayed using X-Ray diffraction. Intertek laboratories have an ISO 17025 accreditation.
• Quality control and quality assurance checks on sampling and assaying quality are satisfactory.

Encl.

"Major Copper-Gold Systems being Drill Tested."

Investor Presentation - October 2011

Disclaimer

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.

Highlights

• In an agreement with Barrick (PNG Exploration) Ltd, Barrick have spent A\$13 in 18 months of the A\$20M required to attain a 72% interest in three tenements. Coppermoly retains 100% unless they spend A\$20m.
• Drilling and Exploration has defined at least two major Copper-Molybdenum-Gold systems currently undergoing additional drilling.
• Nakru-1: Drillhole intersection of 213.75m grading 0.92% copper and 0.33 g/t gold. Drilling testing mineralisation extents currently over 500m x 200mx 200m Depth
• Simuku: Inferred Mineral Resource of 200 million tonnes at 0.47% Cu.Eq (see notes) Current drilling to over 1000m shows this to be a very large copper system.
• Projects accessible by vehicle to major infrastructure including deep water port, airport and general amenities.
• Farm-in deal to explore the Esk Trough copper-gold projects in SE Queensland.
• Three large tenements under application on New Britain Island.

Mineralised Papua New Guinea

New Britain Island – Excellent Location

• Vehicle access to deep water port at Kimbe
• Local infrastructure
• Topography not extreme (200m to 800m)

Tenement Applications on Kulu Copper Belt

KIMBE – PROVINCIAL CAPITAL

• Barrick office at the deep water port at provincial capital of Kimbe
• Existing palm oil industry on the island has developed local infrastructure

Drilling and Logging

Nakru 1 – Copper Gold System

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.

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.

Nakru 1 - Mineralisation Model

Nakru Area showing Prospects

Nakru 2 - Sulphide Copper-Zinc System 800m Diameter Envelope of Mineralisation

• 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 / Talelumas Project

Simuku Porphyry Copper System – Drill Testing to Over 1000m Beneath the resource

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 0.54% Cu from 224m depth.

Nayam Cu Prospect

• SMD19 intersected 93m at 0.59% Cu from 8m depth
• Secondary enrichment: 18m of 1.0% Cu from 18m 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

Simuku: Deep Drilling Shows a Very Large System

Simuku / Talelumas Project

Esk Trough Project

Coppermoly Progress

• Drilling and exploration results throughout 2011
• Drilling to over 1000m confirms Simuku as a very large copper system
• Drilling at Nakru testing for tonnage potential
• \$500,000 Minimum Expenditure Commitment on the Esk Trough Project in Queensland over the next 12 months.
• 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 projects in the pipeline

Notes:

• All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection).
• 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 Zone 56, AGD66 Datum.
• Mineralised intersections are quoted as downhole widths.

Notes: Copper Equivalence

• 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 prices.
• Copper Equivalent* is the contained copper, molybdenum, gold and silver and 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.

"Development of Large Copper Systems on New Britain Island, PNG"

Excellent backing/Funding

Barrick is. funding and managing exploration and drilling to potentially $\sigma$ f three projects. earn-in 72% 100% Coppermoly retains of these projects until the spend reaches \$20M.

Coppermoly has three additional projects under application covering over 1500sq km.

Why Invest?

• · Simuku: 200Mt grading 0.36% copper, 61ppm molybdenum, 0.06g/t gold, 2g/t silver, currently being drill tested to over 1000m depth.
• Nakru-1: *Exploration Target of 50 to 60Mt grading 0.7 to 0.9% copper.
• . Projects accessible by vehicle within hours of a deep water port.
• . Landowners provide local labour and support.
• · Continuous drilling results.

Corporate Profile ASX Code

Last price	6 cents
Market Capitalisation	\$8.3 million
52 week high	18.5 cents
Shares on issue	139 million
Listed Options (COYOA) (expiring 1 December, 2011)	23.6 million

COY

About Coppermoly

The Company is focused on developing copper-gold-molybdenum deposits.

Since listing on the ASX in 2008, the Company has progressed its copper-gold-molybedenum and zinc projects through extensive drilling.

Exploration work and drilling in 2008 by Coppermoly sufficiently advanced the projects and attracted funding for further drilling by Barrick, one of the world's largest mining companies.

Coppermoly has additional tenements and projects under application.

To find out more visit www.coppermoly.com.au and www.barrick.com LISTINGS: ASX: COY, POMSoX: COY, Berlin: 5C5.BE, Frankfurt: 5C5.F

Coppermoly Projects:

Mt. Nakru Project (Barrick funding)

. To date, 26 diamond drill holes have been completed at Nakru-1 and Nakru-2 for 5,666.8 metres. During 2010, Barrick drilled seven diamond holes which help determine the geometry and extent of copper mineralisation.

. Nakru-1: Best intersections of 213.75m grading 0.92% copper and 0.33g/t gold through a breccia VMS copper system. Secondary enrichment of 13m grading 2.8% copper at 74m depth.

. Nakru-2: The initial Barrick drill hole has intersected 64m grading 0.59% copper at 141m depth and 4.9m grading 13.6% zinc, 0.84% copper, 0.4g/t gold and 24g/t silver. Massive sulphide lens with 8m grading 3.8% copper at 30m depth.

. Regional surface geochemical and geophysical targets yet to be tested by drilling.

Nakru-1 Prospect:

Drilling results, surface geochemistry and geophysics at Nakru-1 show a "footprint" of copper mineralisation extending over 200m x 500m with an *Exploration Target of 50 to 60Mt grading 0.7 to 0.9% copper within current drill hole limits.

Drill holes show very good continuity of copper and gold mineralisation coincident with a 3D-IP chargeability geophysical anomaly.

Higher grade zones within the mineralisation warrant detailed evaluation, such as a 1m interval of 42g/t gold and 4.6% copper. Drilling currently underway to determine tonnage potential.

Nakru-1: Exploration Target, 50 to 60Mt grading 0.7 to 0.9% Copper

Nakru-2 Prospect:

Located 1km west of Nakru-1, soil sampling, hand and bulldozer trenching and drilling has defined a large (500m x 800m) envelope of copper mineralisation.

The drill holes NAK2-001 and NAK2-002 intersected a near surface massive sulphide copper lens representing sea floor exhalatives with intervals of 6.7 metres grading 3.8% copper and 7 metres grading 3.36% copper. Further exploration is required to determine the number and extent of these high grade lenses.

The initial drill hole (BWNBDD0003) by Barrick testing the centre of the IP chargeability anomaly intersected copper mineralisation (64m at 0.59% copper) from 141m down hole. In addition the hole encountered high grade zinc-rich polymetallic mineralisation at 290m (4.9m at 13.6% zinc, 0.85% copper, 0.41 g/t gold, 24g/t silver).

The copper mineralisation encountered within this Barrick hole is over 100 metres west of the copper mineralisation encountered in the first ever two drill holes that were completed in 2008 by Coppermoly which intersected 54 metres of 1.22% copper from 30.3 metres depth and 73 metres grading 0.96% copper from 36 metres depth.

*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 mineralisation. 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.

Coppermoly Projects:

Simuku Project (Barrick funding)

• Inferred Mineral Resource (JORC) of 200 million tonnes at 0.36% copper, 61ppm molybdenum, 0.06g/t gold, 2g/t silver. 36 drillholes completed for over 9600 metres. Drilling is currently underway to test the tonnage potential beneath the Resource to over 1000m depth.

• . Drilling is currently underway to test the tonnage potential beneath the Inferred Resource to over 1000m depth.
• . Upper blanket of secondary copper enrichment including 27m of 0.74% copper.
• . Higher grade primary mineralisation zone of 93m at 0.59% copper including 18m at 1.0% of secondary copper.
• . Kulu prospect has over 2km² of surface copper mineralisation to be drill tested.

Talelumas Project (Barrick funding)

. Isme Creek gold prospect with an outcrop sample grading 9.47g/t gold, 552g/t silver, 0.15% copper, 7,94% zinc and 7.05% lead. Geochemistry analogous to Nakru style geochemistry.

• At Mt. Misusu, a northwestern extension of Simuku, four outcrop samples assayed greater than 0.6% copper.

Simuku Prospect:

Porphyry copper - gold - molybdenum mineralisation has been defined in a 3,500 metre by 650 metre envelope of copper mineralisation from over 28 kilometres of bulldozer trenching and 7,656 metres of drilling in 34 holes.

Mineralised core to over 1000m depth significantly increases tonnage potential.

The Simuku porphyry copper deposit contains 700,000 tonnes of copper, 12,000 tonnes of molybdenum, 12 tonnes of gold and 391 tonnes of silver (or 1.5 billion pounds of copper, 26 million pounds of molybdenum, 0.4 million ounces of gold and 13 million ounces of silver).

Secondary copper enrichment:

Tobarum - 27 metre thick layer grading 0.74% copper (from 23 metres depth).

Nayam - 16 metre thick horizon grading 1.0% copper (from 16 metres depth).

Further drilling underway to test depth extents of higher grade primary copper at the Nayam Prospect which included 56 metres grading 0.77% copper from 240 metres down hole depth.

At the Horseshoe Prospect drilling intersected 14 metres grading 0.42% molybdenum from surface in an oxide zone. Further drill testing is required.

Company Project Applications

Coppermoly has three tenement applications pending; ELA 1813 (Fulleborn), ELA 1782 (Powell) and ELA 2014 (Makmak). These occur on previously explored copper belts. At Makmak outcrop samples assayed 10.7% copper and 15.5% gold.

Board of Directors

Managina Director Peter Swiridiuk, MAIG

Executive Director & Company Secretary Maurice Gannon BSc, GAICD, FCIS, AFAIM, MAusIMM

Non Executive Directors Dal Brynelsen (Chairman) Robert D. McNeil BSc, MSc Ces lewago MBA, BACom, FAICD

Top Four Shareholders

New Guinea Gold Corporation (TSX:NGG)	15%
Vangold Resources Ltd (TSX:VAN)	10%
National Nominees Ltd	5.7%
AurionGold Limited (Barrick)	4.5%

Nakru-1

Balance Sheet as at 30 September 2011

Cash & Equivalents	\$1,344,701
Plant & Equipment	\$220,323
Total Assets	\$4,960,726
Total Liabilities	\$74,863
Net Assets	\$4,885,863

Papua New Guinea (PNG) in Brief

PNG is located on a major tectonic boundary between the Pacific and Australian crustal plates. The country is a heavily mineralised region with a relative abundance of large copper-gold and gold deposits, including Ok Tedi, Porgera, Frieda, Yandera, Lihir and Bougainville.

Currently there are seven active mining operations in PNG and several new projects at the feasibility stage or development stage.

PNG's long history of mining and exploration, commencing with development of the famous Wau-Bulolo Goldfield in the 1930's, has resulted in a very extensive geological database, the development of a significant mining services sector, and a substantial pool of highly experienced, English-speaking, mining professionals. Tenements are required to be renewed every 2 years. The corporate tax rate is 30%. A royalty is payable on all mined products to the PNG Government of 1.25%.

Contact Information

Postal Address: PO Box 6965, Gold Coast Mail Centre, Bundall, Queensland, 9726 Australia

Telephone: +61 7 5592 1001 Facsimile: +61 7 5592 1011 Email: info@coppermoly.com.au Peter Swiridiuk pswiridiuk@coppermoly.com.au Maurice Gannon mgannon@coppermoly.com.au

To find out more visit www.coppermoly.com.au and www.barrick.com ASX: COY, POMSoX: COY, Berlin: 5C5.BE, Frankfurt: 5C5.F