NT MINERALS LIMITED — AGM Information 2009

Jul 9, 2009

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Chairman’s Report to the General Meeting of Shareholders

10 July 2009

Overview

Welcome to this General Meeting of Shareholders of Redbank Mines Ltd. I am pleased to be able to report to you that in the 8 months since our AGM that your company has undergone considerable change and is now well placed to advance its high grade copper assets in the Northern Territory. Financial and corporate support from major shareholder Stirling Resources Ltd has enabled your company to reorganise and re-focus on a core business of being a high grade copper miner. In keeping with this there is a resolution before you today to change the name of Redbank Mines Limited to Redbank Copper Limited. The new name reflects the intentions of your board and management to develop a copper business that will be well placed to meet demand for this metal which is showing signs of strong and sustained recovery.

I would like to acknowledge the efforts of your Managing Director Bruce Morrin and his team over this period of change. Bruce and his team have identified the hurdles they need to clear to realise the full potential of the Redbank Project and are making daily progress down that track.

Exploration

As you will have been made aware by recent announcements the company has embarked on a major exploration program to expand the Redbank Project. Under the leadership of Chief Geologist Craig Hall this program is already achieving positive results. Coupled with this program has been an aggressive expansion of exploration tenure in the surrounding area. This reflects our conviction of the broader metallogenic potential of this region.

The Company has recently completed detailed transient electro-magnetic (EM) and gravity surveys across the highly prospective ERL94 tenement.

Our EM work has generated significant sub-circular anomalies which are either coincident with or adjacent to known deposits and targets and we believe it is possible that further targets will be identified following the completion of the processing and further interpretation of the EM survey.

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Large anomalies at Quartzite, Punchbowl and Azurite have been defined. At the Prince deposit, in the southwest corner of the lease, a large positive anomaly was generated 200m southeast of historic workings and associated drilling. The anomaly contains a significant EM bullseye target that is to be followed up with drill testing.

Our initial Drilling efforts will focus on the Quartzite, Punchbowl and Prince deposits, all of which are within close proximity to the established processing facilities.

Scoping Study Review

The Company is also finalizing an exhaustive scoping study to examine options for future development of the project. The study is planned to be released within two weeks and we are sure shareholders will be delighted with the outcome.

Briefly the study reveals:

1. 80% of the currently reported copper is contained within the sulphide mineralization and this is the main focus of the project going forward

2. The discovery of at least two or three more copper mineralized volcanic breccia pipes is possible

3. Producing copper cement, as previously carried out, is not satisfactory as it produces a low value product

4. A preferred approach is to refurbish the existing sulfide concentrator to produce a 27% concentrate. Capital costs around $15million

5. A small oxide processing plant which could be added at a later stage is also being considered to produce high purity (LME grade 99.99% copper) copper cathode. Capital cost around $10million

6. Mining would be conventional open pit

7. Proposed Oxide head grade 1.5% Proposed Sulfide head grade 1.9%

8. Environmental Impact Study being prepared for submission in September 2009

9. Proposed production start up July 2010

In conclusion I would like to reiterate how pleased I am to be able to report to you on the regeneration of your company and its positive future focused on developing an Australian high grade copper mining operation.

COMPETENT PERSON The information contained in this announcement insofar as it relates to the Company’s geological information at the Redbank Copper Project is sourced from information compiled by Mr. Craig Hall BSc(Hons), MAusIMM, MAIG. Mr. Hall is a senior manager of the Company. Mr. Hall has sufficient expertise relevant to the style of mineralization 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”. Mr. Hall has approved the inclusion of the statement in the form and context in which it appears.

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