COPPERMOLY LIMITED — Major Shareholding Notification 2009

Nov 15, 2009

603 Page 1 of 3 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

То. Company Name/Scheme	Coppermoly Limited
ACN/ARSN	126 490 855
1. Details of substantial holder (1) Name ACN/ARSN (if applicable)	AurionGold Limited 008 560 978

13/11/2009 The holder became a substantial holder on

2. Dotails of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Ordinary	6,309,647	6,309,647	5.72%

3. Details of rolevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
AurionGold Limited	Holder of securities	Ordinary, 6,309,647

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	` Person entitled to be registered as holder (8)	Class and number of securities
AurionGold Limited	AurionGold Limited	AurionGold Limited	Ordinary, 6,309.647

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
			Farm-in
			Letter
	13/11/2009	5567,868.23	Agreement	Ordinary, 6,309,647
AuruionGold Limited			between
			Barrick (PNG
			Exploration)

603 Page 2 of 3 15 July 2001

Limited, a
related body
corporate of
AurionGold
Limited, and
Copper Quest
PNG Limited,
a subsidiary
оf
Coppermoly
Limited
dated 9
Oatober 2009

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	I Nature of association

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
AurionGold Limited	'Level 10, 2 Mill Street, Perth, Western Australia 6000

Signature

16/11/2009 date sign here	print name	Katrina White	capacity	Director

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the If there are a number of substantial holders with similar of related relevant interests (eg. a corporation and its related construction manager and trustee of an equity frust), the names could be included in an annexure to
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• See the definition of "relevant Interest" in sections 608 and 671B(7) of the Corporations Act 2001. $(3)$
• The voling shares of a company constitute one class unless divided into separate classes. $\langle 4 \rangle$
• The total number of voles attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an $(5)$ associate has a relevant interest in.

The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. $(6)$

• any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of $(a)$ any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or $(b)$ disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write $(8)$ "unknown".
• Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was
  acquired has, or may, become entitled to receive in relation to that acquisition. Details m $(9)$ relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

⁽⁷⁾ Include details of: