COPPERMOLY LIMITED — Investor Presentation 2014

Mar 3, 2014

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4 March 2014

ASX Code: COY

ASX Announcement

AMENDMENT TO PRESENTATION TO QUEENSLAND EXPLORATION COUNCIL

The attached presentation, released to the ASX on 26 February 2014, has been amended to clarify the use of the term ‘Exploration Target’ and to include footnotes to references to Inferred Resources as required under the JORC Code 2012.

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Maurice Gannon MANAGING DIRECTOR

Level 1, 91 Upton Street, Bundall, Queensland 4217

Email: info@coppermoly.com.au Telephone: +61 7 5592 1001

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Coppermoly Emerging Copper Gold Developer

Disclaimer

This document is not a prospectus or a product 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 Coppermoly Limited which reserves the right to update, amend or supplement any information at any time in its absolute discretion.

Potential investors are cautioned against using the content of this presentation, in isolation, for making investment decisions and this information should be read in conjunction with Coppermoly Limited’s other periodic and continuous disclosure announcements to the ASX available at www.asx.com.au.

None of Coppermoly Limited, its officers, employees or agents accept, to the extent permitted by law, responsibility for any loss, claim, damages, costs or expenses arising out of, or in connection with, the information contained in this presentation.

Forward looking statements contained herein are not a guarantee of future performance and involve known and unknown risks many of which are beyond the control of Coppermoly Limited and its officers, employees, agents and associates which may cause actual results to differ materially from those expressed or implied in such statements.

By attending this presentation or accepting , assessing or reviewing this document you acknowledge and agree to the above.

Competency Statement

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Mike Erceg, a Competent Person who is a Member of the Australasian Institute of Geoscientists. Mr Erceg 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 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Erceg consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr Erceg is an employee of Coppermoly Limited.

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

Listed on ASX and POMSOX (PNG). Shares on issue (undiluted) 264 M Options (unquoted) 5c, Feb 2016 2 M Market Cap (@2.5cps) $5.276 M Top 10* 60% Top 20 70% Top 50 80% Directors and associates 6 M shares (approx.)

*Top 10 is almost entirely high net worth mining industry professionals and funds managers

OBJECTIVE

BY SEPTEMBER 2014: 60-100 Mt at 1% Cu(Eq) BY DECEMBER 2014: COMMENCE DEVELOPMENT STUDY PHASE

Key Project -Nakru Nakru-01 is high grade open-pittable copper.

Current Inferred Resource 38.4 Mt grading 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag open laterally and at depth.

(Refer to Coppermoly Limited ASX Announcement dated 26 July 2012. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not been materially changed since it was last reported.)

Adjacent to another clearly defined, potentially higher grade prospect (Nakru-02), which is currently being drilled.

Advanced Project Over A$33m (Coppermoly & Barrick) invested to-date. Now focused on converting known prospects into additional resources.

Other Projects (all on New Britain Island) Simuku: Inferred Resource of 200Mt at 0.47% Cu (Eq)

(Refer to Coppermoly Limited ASX Announcement dated 1 May 2009. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not been materially changed since it was last reported.)

100% of 3 other granted Exploration Licences and 1 Application (all on New Britain Island)

Majority Control Coppermoly now holds 51% of its core assets and directly manages all exploration.

Regaining 100% ownership Reacquisition agreement allowing Coppermoly to restore 100% ownership has been executed.

STRATEGIC PLAN FOR FAST TRANSITION FROM EXPLORER TO DEVELOPER

Short-term : Progress the Nakru project to feasibility and development Medium-term: Expand the Simuku project into a world scale copper porphyry project

Realistic, and achievable development goals

Significant and well established infrastructure in close proximity to the project areas

Experienced team with the right skills

Long standing in-country experience.

Very strong, well established support from government and local communities

Mr Tom Revy (Non Executive Chairman) BAppSc, GradDipBus, MAusIMM

30 years’ experience in the international mining industry including operations within PNG, project development, and corporate positions. Chairman and MD of other ASX listed companies.

Mr Maurice Gannon (Managing Director) BSc, GAICD, FCIS, AFAIM, MAusIMM

Over 25 years’ experience in earth and environmental sciences, business and financial management. Executive Director / Officer of Coppermoly since float in 2008.

Dr Natalia Streltsova (NED) MSc, PhD (Chemical Engineering), GAICD

Over 25 years’ experience in the international mining industry including leadership and technical roles with majors: Vale, BHP Billiton, WMC. Most recently Director for Technical Development at Vale.

Mr Mike Howard (NED) BEng

Mining engineer experienced in Australia, PNG and Asia . Advisor to numerous mining companies. Mr Ben Faulkner (NED) BBus (Banking and Finance), SAA, AFMA

Senior Private Client Advisor at RBS Morgans Limited.

Mr Mike Erceg (Exploration Manager) MSc (Geology)

Over 28 years experience in discovery and development of copper, gold and Cu-Au porphyry resources in the Pacific region, particularly in Papua New Guinea. Previously Regional Exploration Manager - Pacific with Newcrest. Prior experience including Amoco, Cyprus, Elders, Plutonic, Chase, Sino Gold and Straits Resources. Mr Peter Ainge (Senior Project Geologist) BSc (Geology) - PNG National

Director of PNG subsidiary Copper Quest (PNG) Limited. Has managed exploration of the Company’s projects since 2008. Project leadership & consulting experience on numerous other PNG projects.

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People :

Well trained / educated workforce. Strong experience in the resources industry.

GDP: (2012): $15.65B, Growth rate (2012) 8%. “Stronger macroeconomic management in recent years (has seen) the longest uninterrupted period of economic growth since the country’s independence in 1975”.

(http://www. worldbank .org/en/coun try/png/overview)

Strong bilateral relations Australia is PNG’s most important trading partner.

4,000 Australian companies export to PNG.

Major Australian resources

companies in PNG include: Oil Search, Santos, BHP-Billiton, Rio Tinto and Newcrest.

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Port at Kimbe
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Provincial capital, seat of provincial government

Semi-industrial town, with well developed local infrastructure

Has serviced large palm oil and forestry industries for decades

Deep water export and container port

National roads, utilities and services

Diesel and biofuel electricity supplies with potential geothermal power supply

National domestic jet airport, heliport

Hospital

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Easy topography (200m to 800m)

Excellent community relations

Road access between project areas and to infrastructure

Coppermoly holds some of the earliest and most prospective exploration licences on New Britain Island.

We have made New Britain a highly sought after exploration address

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Plesyumi (separate to the west) – part of the Nakru EL. Known historical prospect – never been drilled.

Geochemistry Extensive soil anomalies of Cu, Au, Zn Cu in rock chips ranges from 2.2% up to 24% Trench samples: 5m@3.9% Cu, 5m@1.9% Cu, 25m@1.44% Cu Geophysics 3DIP survey conclusively identified chargeability anomalies at Nakru-01 and Nakru-02 . Strong spatial association with Cu-Au mineralisation. Drilling Past drilling has confirmed high grade, near surface mineralisation extending to depth. Current Prospects Comprehensive drilling at Nakru-02 (12 holes testing a strike length of 600m to 800m) to obtain intersections at grades, spacing and configurations to enable delineation of a resource at Nakru-02. Increase Nakru-01 by drilling 3DIP anomaly and eastern extension of mineralisation. Clear potential to increase the Inferred Resource at Nakru1 to 50 - 60Mt @ 1% Cu (Eq).

Confident of resource extension

NAKRU-01: Only 5,454 metres drilled to-date also intersected near surface mineralisation extending to depth. BWNBDD0001: 213.8m at 0.92% Cu BWNBDD0008: 23.5m at 1.3% Cu

NAKRU-02: Only 1,052 metres drilled to-date. All three holes intersected high-grade near surface mineralisation. NAK02-01: 51.7m at 1.21% Cu including 27.7m at 1.90% Cu and 6.7m at 3.8% Cu NAK02-02: 73m at 0.96% Cu including 26m at 1.65% Cu BWNBDD0003: 64m at 0.59% Cu including 10.2m at 1.59% Cu 4.9m at 13.6% Zn, 0.85% Cu and 24.03 g/t Ag

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Inferred Resource: 38.4Mt at 0.61% Cu + 0.28 g/t Au + 1.80 g/t Ag (0.2% Cu cut-off) 21.6Mt at 0.81% Cu + 0.39 g/t Au + 1.81 g/t Ag (0.5% Cu cut-off)

(Refer to Coppermoly Limited ASX Announcement dated 26 July 2012. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not been materially changed since it was last reported.) Additional drilling required to define tonnage of upper supergene copper enrichment

Re reference to ‘Exploration Target’: 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.

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Numerous percentage grades of copper and zinc in rock chips

A bulldozer trench interval of 88.7m at 1.2% Cu including 19m at 4.3% Cu A historical rock chip from the same trench graded 19% Cu

Another trench intersected 18m at 0.92% Cu

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More exceptional rock chip assays Mineralisation may extend another 400 metres to the west

Possible strike length now 800 metres

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Inferred Resource:

200 Mt at 0.36% Cu + 61ppm Mo + 0.06g/t Au + 2g/t Ag (Refer to Coppermoly Limited ASX Announcement dated 1 May 2009. This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not been materially changed since it was last reported.)

SMD19: 18m at 1.0% Cu from 18m depth SMD10: 58m at 0.53% Cu from 24m depth SMD14: 14m at 0.42% Mo from surface

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Talelumas EL northern boundary of Simuku Excellent geochemistry – never been drilled

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Visible Copper and Gold

Significant Magnetic Geophysical Anomalies

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Q4 2013 Drill 2 holes at Simuku

Q1 2014 Drill 4 holes focusing on the Nakru-02 Continue drill program at Nakru-02 (up to 8 additional holes) Drilling of the eastern extension and infill holes at Nakru-01 Commence preliminary metallurgical test program

Q2 2014 Second payment due to Barrick to earn 72%

Q3 2014 Complete new resource calculations

Q4 2014 Commence development studies

• Continuous presence in West New Britain since early 2008.

• Coppermoly listed on the POMSOX stock exchange since November 2008.

• Copper Quest PNG Ltd, our PNG operating company, cultivated and maintained long-standing and solid business relationships in the region.

• Our local PNG Geologist at Kimbe base - a respected leader, an exceptional negotiator / facilitator.

• Our workforce is effectively 100% PNG national.

• We engage casual employees from local landowner communities.

• We have planned and implemented a number of highly successful community based projects.

• We receive enthusiastic support from local landowners whenever the Mining Warden conducts community hearings for applications and renewals of exploration licences.

because it has:

• Advanced high grade projects in a strategic region dominated by the majors.

• Resources and mineralisation open laterally and at depth.

• A realistic objective for resource expansion to 60-100Mt at > 1% Cu (Eq)

• Multiple, complimentary advanced exploration prospects

• Recently regained management control

• A clear path to 100% control

• Experienced management and board

• Realistic, achievable development goals

• Scalable development potential; open pit mining with 4-6Mtpa concentrator envisaged

• Long standing in-country experience and heritage

• Very strong, well established support from government and local communities

• Exceptional pre-existing infrastructure and project logistics

Notes:

• The information in this announcement that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves for Nakru-01 is based on information compiled by

• Stephen Godfrey, a Competent Person who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Godfrey has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2004 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code). Mr Godfrey consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr Godfrey is employed by Golder Associates.

• The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves for Simuku is based on information compiled by Mr. Jack Drzymulski, a Competent Person who is a Member or Fellow of the Australasian Institute of Mining and Metallurgy. Mr Drzymulski has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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’ (The JORC Code). Mr Drzymulski consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr Drzymulski was an employee of New Guinea Gold Corporation at the time.

• Many of the risks inherent in exploration and mining, general economic conditions , commodity prices , investment markets , investment returns and values of shares and financial instruments are beyond the influence or control of Coppermoly Limited. All such risks can have a materially adverse affect on Coppermoly’s operations and financial performance . All investors should consider all such risks and seek professional independent advice if they consider it necessary.

• Specific risks may include:

• Exploration and development risks: there is no assurance that resource estimates , studies, conceptual assessments and targets can be achieved. Coppermoly does not assert or give any assurance s regarding the economic viability of mineral deposits or exploration projects , targets or goals.

• Commodity price and currency fluctuations: commodity prices and currencies fluctuate over time. Adverse movements can materially affect investments and the viability of mineral projects.

• Foreign Country Risks: there can be no assurance that the legal and regulatory regime of foreign countries will not change in such ways that could materially adversely affect investments and viability of the company’s projects.

• Government and regulations , Infrastructure, Litigation: the Company’s progress and activities may be negatively affected by changes to ,access to, delays caused by and unforeseen developments in these areas

• 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 town of Kimbe. Drill core was logged, orientated and sampled between 1m and 2m intervals from core split by saw. Half core and rock samples were 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) and Townsville (Australia) 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 17025:2005 accreditation.

• BWNBDD Series Drill Core is PQ, HQ and NQ in size with core recovery predominantly > 93%.

• Mineralised intersections are quoted as down hole widths.