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GLOBAL MININGINVESTMENT CONFERENCE 2010
STATIONERS’ HALL ● CITY OF LONDON ● TUESDAY-WEDNESDAY, 28-29 SEP 2010www.ObjectiveCapitalConferences.com
Investment Conferences
Opportunities Western Australia Derek Fisher – CEO, Moly Mines
Opportunities in QuebecBrad Kitchen – CEO, Eagle Hill Exploration
Opportunities in Ontario Stefan Wozniak – Exploration Manager, White Tiger Mining
Opportunities in GhanaDr John Clarke – Director, PMI Gold
DAY 2 – SESSION 5: GLOBAL HOTSPOTS (PART 1)
Other sponsors & participating organisations:
GLOBAL MININGINVESTMENT CONFERENCE 2010
Lead sponsors:
Media partners:
3
MOLYMINESLIMITEDMOLY
MINESLIMITED
Global Mining Investment Conference28th - 29th September 2010
An Opportunity -Building Two Mines
4
MOLYMINESLIMITED
Disclaimer
This presentation includes “forward-looking statements” as that term within the meaning of securities laws of applicable
jurisdictions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that are in some
cases beyond Moly Mines’ control. These forward-looking statements include, but are not limited to, all statements other than
statements of historical facts contained in this presentation, including, without limitation, those regarding Moly Mines’ future
expectations. Readers can identify forward-looking statements by terminology such as “aim,” “anticipate,” “assume,” “believe,”
“continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “risk,” “should,”
“will” or “would” and other similar expressions. Risks, uncertainties and other factors may cause Moly Mines’ actual results,
performance, production or achievements to differ materially from those expressed or implied by the forward-looking
statements (and from past results, performance or achievements). These factors include the failure to complete and
commission the mine facilities, processing plant and related infrastructure in the time frame and within estimated costs
currently planned; variations in global demand and price for molybdenum and copper; fluctuations in exchange rates between
the U.S. dollar and the Australian dollar; failure to recover the resource and reserve estimates of the Project; the failure of Moly
Mines’ suppliers and service providers to fulfil their obligations under construction, supply and tolling agreements; unforeseen
geological, physical or meteorological conditions, natural disasters or cyclones; changes in the regulatory environment,
industrial disputes, labour shortages, political and other factors; the inability to obtain additional financing, if required, on
commercially suitable terms; and global and regional economic conditions. Readers are cautioned not to place undue reliance
on forward-looking statements. We assume no obligation to update such information.
5
MOLYMINESLIMITED
500km
Australian Iron Ore Regions
W e s t e r n A u s t r a l i a
N o r t h e r nT e r r i t o r y
Q u e e n s l a n d
N e w S o u t hW a l e s
V i c t o r i a
T a s m a n i a
S o u t h A u s t r a l i a
A u s t r a l i a
Pilbara
Yilgarn
South AustraliaMidwest
Pilbara Premier producing region
+ 350Mt in 2009
+600Mt in 2015
Numerous stranded deposits
Midwest Emerging production region
Planned new port & rail development (Oakajee)
5Mt in 2009 (Geraldton)
~45Mt in 2015 (Oakajee & Geraldton)
Yilgarn Exports through Esperance
Kwinana port redevelopment
8Mt in 2009 (Esperance)
~30Mt in 2015 (Esperance & Kwinana)
South Australia Oldest production in Australia
Needs port & rail for expansion
S p i n i f e x R i d g e M o
P e r t h
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MOLYMINESLIMITED
Spini fex R idge Mo
Pilbara Region – Western Australia
50km
Marble Bar
Port Hedland
Newman
Paraburdoo
Pannawonica
RoebourneKarratha
Dampier3 2
1
BHPFMGRio Tinto
Railway Lines
4
5
Balmoral South
Cape Lambert
Balla Balla
Poondano
Ridley
Spinifex Ridge Iron
Abydos (Atlas Iron)
Wodgina
Abydos (Giralia)
Mt Webber
McPhee Creek
Nullagine
Roy Hill
1
2
3
4
5
6
7
8
9
10
11
12
13
Iron Ore Projects
Marillana
Phils Creek
FerrAus
Mindy Mindy
Hope Downs
Western Turner
Rocklea
Brockman 4
West Pilbara
Western Creek
Blacksmith Iron
Solomon Deposits
Western Hub Deposits
Daltons
14
15
16
17
18
19
209
21
22
23
24
25
26
27
Deepwater Ports
1
2
3
Port Hedland
Cape Lambert
Dampier
1
3
4
5
6
78
910 11
12
131415
16
1718
20
1921
22
23
2425
26
2
27
Iron Ore Mines
BHP Billiton
Fortescue (FMG)
Rio Tinto
Atlas Iron
Citic Pacific
4
5
Anketell Point Port
Cape Preston
FMG (Proposed)Hancock (Proposed)API (Proposed)
Tom Pr ice
7
MOLYMINESLIMITED
Pilbara Region – Western Australia
1
2
3
4
5
6
7
8
9
10
11
12
13
Iron Ore Projects
14
15
16
17
18
19
20921
22
23
24
25
26
27
Balmoral South
Cape Lambert
Balla Balla
Poondano
Ridley
Spinifex Ridge Iron
Abydos (Atlas Iron)
Wodgina
Abydos (Giralia)
Mt Webber
McPhee Creek
Nullagine
Roy Hill
Marillana
Phils Creek
FerrAus
Mindy Mindy
Hope Downs
Western Turner
Rocklea
Brockman 4
West Pilbara
Western Creek
Blacksmith Iron
Solomon Deposits
Western Hub Deposits
Daltons
Name Owner Resource (Mt)
1600
1560
455.9
10
2010
7
22.7
42.7
40
44
52.1
89.1
2420
1630
15.1
191
-
1450
60
89
35
742
52.4
511
2450
-
40
Capacity (Mtpa)
12
15
6 – 10
1 - 2
15
1
3
2 – 3.6
3
3
-
3 - 5
55
15 – 25
1.5
10
-
30
-
10
-
30 - 40
-
-
60 – 160
-
2
Type
M
M
M
H
M
H
H
H
H
H
H
H
H
H
H
H
-
H
H
H
H
H
H
H
H
H
H
Deposit Type, M = Magnetite, H = Hematite
Spini fex R idge Mo
50km
Marble Bar
Port Hedland
Newman
Paraburdoo
Pannawonica
RoebourneKarratha
Dampier3 2
1
4
5
1
3
4
5
6
78
910 11
12
131415
16
1718
20
1921
22
23
2425
26
2
27
Tom Pr ice
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MOLYMINESLIMITED
Port Hedland - Overview
Port Hedland
South Hedland
4
3
2
11
4
5
6
78
9
Proposed OuterHarbour Development
Berths \ Wharfs - Existing
P ubl i c
Finucane Island
PHPA1
PHPA3 - Dampier Salt
Nelson Point
Anderson Point
Name Operator
23
1
2
3
4
5
Berths \ Wharfs - Existing
P ubl i cUtah Point (Public)
Harriet Point – RGP5
Burgess Point - RGP6
South West Creek
FMG Extensions
Name Operator
106
7
8
9
10
Wharfs Facil ity Handling Areas
P ubl i c
BHP - Finucane Island
BHP – Nelson Point
FMG
Utah Point
Name Operator
1
2
3
4
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MOLYMINESLIMITED
Port Hedland – Existing & Future BerthsBerths \ Wharfs - Existing
Port Hedland12
34
5
6
7
9
10
8
P ubl i c
1
2
3
4
5
Finucane Island
PHPA1
PHPA3 - Dampier Salt
Nelson Point
Anderson Point
Name Operator
Berths - Under Construction
P ubl i c6
7
Utah Point
Harriet Point
Name Operator
Berths - Proposed
8
9
Burgess Point
South West Creek
FMG Extensions
Name Operator
10
10
MOLYMINESLIMITED
Port Hedland – Port Infrastructure
Nelson Point BHP
Finucane IslandBHP
Anderson Point FMG
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MOLYMINESLIMITED
Company Overview – Building Two Mines
Spinifex Ridge Iron Ore Project
Construction near complete
Iron ore shipments commence Q42010
Strong project cashflows
Spinifex Ridge Molybdenum Project
US$500M Project Finance Loan Facilitydue 30 September 2010 (extensionunder review) to fund immediateconstruction
Funding secured through majorstrategic shareholder
Mt Newman (Fe)
Woodie Woodie(Mn)
Telfer(Au, Cu)
Paraburdoo (Fe)
Tom Price (Fe)
Marble Bar
Nifty (Cu)
Port Hedland
Dampier
Broome
Spinifex Ridge
Yarrie (Fe)
100kms
Karratha
W e s t e r nA u s t r a l i a
1
95Cloudbreak (Fe)
Major Road
Rail
Major Port
Gas Pipeline
Australia1
Strategic partner cornerstone growth plans
Vision to build a major world classmining group
Hanlong Group US$5 billioninvestment pool
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MOLYMINESLIMITED
Sichuan Hanlong Group
Privately owned
Resource Interests – Zn, Mo, Cu, Coal, Au
Electricity production, infrastructure development, pharmaceutical production, food and alcoholic beverages, real estate development, environmental technology, tourism development and high tech industries
RMB 9.5 billion revenue 2008 (A$1.5 billion)
12,000 employees
Moly Mines Limited
Hanlong VisionMoly Mines Limited International Mining House
Major world Mo company
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MOLYMINESLIMITED
Corporate Overview
Capital Structure at 30 June 2010
ASX/TSX Ticker MOL
Market Cap A$250M
Ordinary Shares 363.9M
Unlisted Options 79.2M
Cash A$58M
Surplus Assets A$30M
10 Year Shareholder Loan US$60M
Shareholders
Hanlong Group 56.9%
Australian Register 31.9%
Canadian Register 11.2%
Unlisted Options
Hanlong Group 35.5M
TCW 23.8M
Institutions 14.0M
Employees 5.9M
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MOLYMINESLIMITED
Spinifex Ridge Location
Moly Mines Limited
Mt Newman (Fe)
Woodie Woodie(Mn)
Telfer(Au, Cu)
Paraburdoo (Fe)
Tom Price (Fe)
Marble Bar
Nifty (Cu)
Port Hedland
Dampier
Broome
Spinifex Ridge
Yarrie (Fe)
100kms
Karratha
W e s t e r nA u s t r a l i a
1
95Cloudbreak (Fe)
Major Road
Rail
Major Port
Gas Pipeline
Australia
1
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MOLYMINESLIMITED
Tenure
Spinifex Ridge Iron Ore Project
Felsics
Basalt
Granite
Granite
Granite
Ultramafic
Iron Formation
Basalt
Ultramafic
Basalt ML – Mining Leases
GPL – General Purpose Lease
EL – Exploration Licence
Basalt
Basalt
Basalt
Rockchip Sample
1.5kms
56.1% Fe
55.2% Fe
61.4% Fe 61.9% Fe
59.2% Fe
61.6% Fe
55.1% Fe
60.2% Fe55.8% Fe
64.7% Fe
Iron Ore Resource
5.3 Mt @ 59% Fe
Molybdenum-Copper Resource
652Mt @ 0.05% Mo, 0.08% Cu
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MOLYMINESLIMITED
Integrated Project Development Schedule
Construction
Operations & “FOOS”
Fe Sales
Hanlong Investment
US$500m Drawdown and Construction
Commissioning
Mo/Cu Sales
Iron Ore Project
Moly Project
2010 2011 2012 2013 2014
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MOLYMINESLIMITED
Spinifex Ridge Site Layout
Waste Dump
ROM Pad,Crushing,Ore Stockpile
Port Hedland (170kms)
Marble Bar(50kms)
NORTH
Spinifex RidgeMolybdenum-CopperDeposit (500m)
Spinifex Ridge Iron Ore Project
Dalek
Auton
Gallifrey
4.3 Mt @ 59.2% Fe
Ore Reserve
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MOLYMINESLIMITED
Resource / Reserves & Permitting Status
Resource tonnesFe
(%)
SiO2
(%)
Al2O3
(%)
P
(%)
S
(PPM)
LOI
(%)
Indicated 5,310,000 58.4 9.3 1.6 0.145 113 4.7
Inferred 2,330,000 57.9 13.4 0.8 0.114 52 2.8
50% Fe cut-off
Mining leases granted
Environmental approvals in place
Mining proposal approved
Initial port access agreement in place
Reserve tonnesFe
(%)
SiO2
(%)
Al2O3
(%)
P
(%)
S
(PPM)
LOI
(%)
Proven 4,334,000 59.2 8.0 1.8 0.13 122 4.9
Spinifex Ridge Iron Ore Project
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MOLYMINESLIMITED
Construction Near Complete
Haul roads established
Water pipelines laid
Camp procured
Mining contracted
Crushing/screening contracted
Plant commissioning – mid October
Capital cost: <$15M
Spinifex Ridge Iron Ore Project
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MOLYMINESLIMITED
Operations
Mining - BGC
Contracted
Mobilize mid September
Mining rate 1MT/A capable of immediate expansion to 1.4MT/A
Crushing – Rapid Crushing
Contracted
Mobilize plant October
Haulage – near term award
First haulage mid November
Port – Utah Point, Port Hedland
Handover 6 November 2010Spinifex Ridge Iron Ore Project
0
10
20
30
40
50
60
70
2010 2011 2012 2013 2014 2015
Operating Cost Mine Gate US$/T - FOB
Life of mine operating cost FOB: US$47/T
First ore shipment – December 2010
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MOLYMINESLIMITED
Sales
Offtake
Hanlong
Steel mills
Forecast Fe prices strong
CRU group forecast current spot prices to remain firm through 2013/2014
Spot FOB price(1): US$129/T
Strong project cashflows support moly project development
(1) Platts IODEX 62% Fe CFR North China 3 September 2010, adjusted for capesize freight
Spinifex Ridge Iron Ore Project
Moly Mines stockpile area at Utah Point, Port Hedland
On track for handover 6 November 2010
25
MOLYMINESLIMITED
China Information
Spinifex Ridge Molybdenum ProjectTransportation of mill sections, Perth
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MOLYMINESLIMITED
Molybdenum – a metal for our time
Supply
No new supply sources – existing by-productproducers at full capacity
The world needs new primary molybdenum mines
Large new mines need high molybdenum prices andstrategic partners to be funded
Prices
Found a floor at US$15.00/lb
Limited western world demand throughGFC
China currently the dominant player andnet importer
Limited global stocks
End 2008 and early 2009 price levelsprove unsustainable as higher costmarginal produces in China withdraw frommarket
Demand
Global consumption 2009: 437M lb
Consumption grew at 8.2% 2002-2008before contracting in 2009
Stainless steel
Energy applications
27
MOLYMINESLIMITED
Conventional open pit
Pit design has been optimised to maximise grades early and to fit processing requirements
Favourable mining characteristics:
Deposit is porphyry with continuous mineralization
Minimal grade control or dilution issue –low grade halo de-risks mining
Minimal requirement for selective mining
Mining fleet based on conventional open-pit mining equipment:
Specified equipment or alternatives can be readily mobilised by contractors
Conventional comminution and flotation processing
Dry stack tailings –operational/environmental advantages
Low-Risk / Low Cost Open Pit Mining
Highlights
Waste 3
Waste 2
Waste 1
Pit
ROM
Plant &Administration
Dry Stack Tailings
Mo Camp / Village
Pit Office/Workshops
Port Hedland (170kms)
Airstrip
Creek DiversionChannel
High GradeStockpile
Low GradeStockpile
Australia
Mo \ Cu Pit
Spinifex Ridge Molybdenum Project
Fe Pits
28
MOLYMINESLIMITED
Reserves and Mineral Resources
Spinifex Ridge Molybdenum Project
Reserves
JORC / NI43-101 classification
Mt Mo% Cu% Ag g/t MoEq%1
Proven reserves 199.7 0.06 0.10 1.5 0.09
Probable reserves 251.1 0.04 0.07 1.1 0.06
TOTAL 450.8 0.05 0.08 1.3 0.07
Resources
JORC / NI43-101 classification
Mt Mo% Cu% Ag g/t MoEq%
Measured resources 206.8 0.06 0.10 1.5 0.09
Indicated resources 445.4 0.04 0.07 1.1 0.06
TOTAL 652.2 0.04 0.08 1.2 0.07
Inferred resources 399.0 0.04 0.07 1.1 0.06 Note—Reserves are a sub-set of Resources0.02% Mo cut-off assumed for resources0.03% Mo cut-off assumed for reserves
Relative Competitiveness
Top 5 primary molybdenum resource globally by contained metal
Mo Equiv. reserve grade is comparable to other western world primary molybdenum projects
Complemented by Iron Ore
Fully permitted ready to build
1 – Mo equivalent calculated on contained metal @ 4QCY09 average metal prices
First 10 yrs0.10%45 yr mine life
Capacity for life extension & expansion
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MOLYMINESLIMITED
Phase 1 – Startup Project
10 Mtpa
Initial head-grade – 0.07% Mo, 0.11% Cu (1st 10 years)
12-13 Million lbs Mo per year
Utilizes large scale equipment purchased for 20 Mtpa plant
20 month construction period from full project funding
Capital cost - A$528M – A$558M (plus A$70M for power
station if not financed by 3rd party)
Operating cost US$7.20/lb (1) (first 10 years – mine gate)
10 Mtpa Resource Pit Shell
20Mtpa ResourcePit Shell
0.04% Mo Shell 0.09% Mo Shell- High Grade Core
0.02% Mo Shell
Source: NI43-101 Technical Report dated 25 August 2009
(1) – At commercial production.
31
MOLYMINESLIMITED
Economics – High and Low Case Scenarios
10 Mtpa Case
Price Scenario EBITDA (A$M) Pre-tax NPV (A$M)Pre-tax IRR (nominal
converted)
US$30/lb 455 1,599 30.8
US$23.6/lb (3 Year Average) 319 847 23.2
US$20/lb 243 434 18.5
Expansion Case (to 20 Mtpa)
Price Scenario EBITDA (A$M) Pre-tax NPV (A$M)Pre-tax IRR (nominal
converted)
US$30/lb 720 2,466 34.1
US$23.6/lb (3 Year Average) 485 1,332 25.8
US$20/lb 354 709 20.4
Financial analysis based on 20 Mtpa DFS and 10 Mtpa Scoping Study
Moly Mines believes long term molybdenum prices required to be > US$20/lb to support new primary mine development and meet projected supply shortfall
Source: NI43-101 Technical Report dated 25 August 2009 adjusted for forward curves
32
MOLYMINESLIMITED
Mo and Fe Forecast Project Cashflows…..this decade
(50)
0
50
100
150
200
250
300
350
400
450
0
5
10
15
20
25Operating Cash Flow (A$M)Production (Mlb's/T's)
Mo Production (Ib)Fe Production (Tonnes)Annual Operating Cash Flow (A$)
Fe production starts Mo production starts
Mo production continues for 20+ years
Mo cashflow continues
33
MOLYMINESLIMITED
Experienced Team
Board of Directors
Over 40 years of worldwide experience in the resource industry, more than 20 years experience as a manager of publicly listed resource companies, in addition to serving as a director of mining companies that developed mines in Australia, Mongolia, Armenia and the DRC.
Over the past 10 years Mr. Liu has built the Sichuan Hanlong Group intoa modern and international company . He is well known fort hisphilanthropic work and has been awarded national recognition. Mr. Liuwas named one of the 10 most influential people on the economy ofSichuan in the past 30 years.
Mr. David Craig - Chairman
An experienced businessman and lawyer, who has held andholds Executive and Board positions in the fields of law, financialservices and the resources industry. Appointed as Chairman in2009
Dr. Derek Fisher – CEO/Managing Director
Mr. Liu Han – Non-Executive Director
Over 25 years investment banking experience having held seniorexecutive roles with Merrill Lynch and UBS in New York andLondon.
Mr. Michael Senft - Independent Non-Executive Director
Mr. Liu has appointed Mr. Chen as his alternate director. Mr Chen holdspostgraduate degrees in finance and accounting and is fully bilingual. Hebrings with him extensive cross cultural professional experience.
Mr. Nelson Chen – Alternate Non-Executive DirectorA experienced executive with responsibility for a broad portfolioof companies including mining, infrastructure, LPG,pharmaceuticals and property development.
Mr. Sun Xiaodong – Non-Executive DirectorHolds a Bachelor of Business Administration with Honors from theUniversity of Texas at Austin. Mr. Zhmurovsky is the Senior VicePresident within the Energy and Infrastructure Group at TCW.
Mr. Andy Zhmurovsky – Non-Executive Director
Over 15 years experience in finance and investment working for globallyrecognised investment banks and financial organisations.
Skilled in capital utilisation and industry integration with extensive globalM&A experience.
Mr. Steven Xiao – Executive Director
A mechanical engineer with 40 years experience in themining and construction industries in Southern Africa,Australia, New Zealand, Canada and Indonesia.
Mr. David Nixon – Independent Non-Executive Director
Moly Mines Limited
34
MOLYMINESLIMITED
Key Managers
Mr. Collis Thorp – Chief Operating Officer
40 years mining experience, having operated and managed open-pit and undergroundmines in Australia and internationally. Experience covers precious, base and specialtymetal operations, including gold, tin, tungsten, titanium and zircon.
Andrew is a qualified accountant with a Bachelor of Commerce (Accounting andFinance) from the University of Western Australia. Over 16 years corporate, financeand company secretarial experience in the resources industry commencing with ArthurAndersen Chartered Accountants and spending the last 12 years in seniormanagement positions within mining houses.
Mr. Andrew Worland – Company Secretary , General Manager Commercial & Marketing
John is a Chartered Accountant and holds a Bachelor of Science Honours inMathematics with Applications from Southampton University. John has held mineaccountant, commercial manager roles and financial controller roles since 1989 andhas held CFO or Company Secretary roles for Australian and AIM listed companiessince 2004. Previously held positions with Barrick Gold, Wiluna Mines & Cable Sands.
Mr. John McEvoy – Chief Financial Officer
Mike holds a Bachelor of Science, Mining Engineering, University of Newcastle Upon Tyne, England, a WA Unrestricted Quarry Managers Certificate and a Northern Territory Mine Managers Certificate. Over 30 years of mine management and operations experience in iron ore, manganese and gold for companies including Hamersley Iron (now Rio Tinto) and Dominion Mining. Over 10 years in executive management positions with major mining contractors such as Henry Walker, Boral and Brambles.
Mr. Mike Gloyne – General Manager Operations
Experienced Team – Management
Mr. David Pass –Manager Metallurgy
Mrs. Barbara Kwiecien –Manager Land Administration
Mr. Graeme Kininmonth –Manager Health & Safety and Environment
David holds a Bachelor of Science and a double major: Extractive Metallurgy and Chemistry from Murdoch University, Western Australia and has over 25 years hard rock mining experience. Prior to joining Moly Mines David spent 12 years with Placer Dome’s (now Newmont Mining) Granny Smith operation holding senior metallurgist, plant operator and processing manager positions. David has also held senior metallurgical roles at Plutonic Gold Mine and with BP Mineral Australia.
Graeme holds a Bachelor of Science from Australian National University and has over 30 years experience including management of project approvals processes in senior environmental and site management positions for Straits Resource ,Sons of Gwalia and Cable Sands.
28 years of international experience within land and tenure administration and land access negotiations. An accredited mediator, she has facilitated her work internationally, specifically with indigenous people.
Ms. Xu Chuanmei
MA Degree from China University of Geosciences. Ms Xu has extensive experience working with Chinese and international resource sectors, and is highly skillful in intercultural communications and negotiations. She also specialises in international trade and marketing.
Moly Mines Limited
35
MOLYMINESLIMITED
Competence and Responsibility
Iron OreThe information in this presentation that relates to drill data and geological interpretation is based on information compiled by Mr Ben Cairns who is a Member of the Australian Institute of Geoscientists. The information in this presentation that relates to Mineral Resources is based on information compiled by Mr Clay Gordon who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Mr Cairns is a full-time employee of the company and Mr Gordon is employed by Mining Assets Pty Ltd.
Both Mr Cairns and Mr Gordon have 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’. Both Mr Cairns and Mr Gordan are Qualified Persons within the meaning of such term under National Instrument NI43-101 . Mr Cairns and Mr Gordon consent to the inclusion in this presentation of the matters based on their information in the form and context in which it appears.
The information contained in this presentation that relates to Mineral Reserves is based on information compiled and verified under the supervision of Mr Roger Pooley who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Pooley is a Senior Mining Consultant with SRK Consulting (Australasia) Pty Ltd, and 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 Qualified Person for purposes of National Instrument 43-101 and as a Competent Person as defined in the 2004 edition of The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves under JORC.
Mr Pooley consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears in this document.
Molybdenum CopperThe information in this release that relates to drill data and geological interpretation is based on information compiled by Dr Derek Fisher, Mr Ben Cairns who are Members of the Australasian Institute of Mining and Metallurgy. The information in this release that relates to Mineral Resources is based on information compiled by Mr Clay Gordon who is a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Dr Fisher is employed by Trillium Investments Pty Ltd which is contracted to provide management services to Moly Mines, Mr Cairns is a full-time employee of Moly Mines and Mr Gordon is employed by Mining Assets Pty Ltd.
Each of Dr Fisher, Mr Cairns and Mr Gordon have sufficient experience which is 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’. They consent to the inclusion in this release of the matters based on their information in the form and context in which it appears.
Moly Mines Limited
36
MOLYMINESLIMITED
50 Kings Park Rd, West Perth, WA, 6005, AUSTRALIA
Telephone: +61 8 9429 3300 Fax: +61 8 9429 3399
Telephone: +1 416 371 7541
Email: [email protected]:
http://www.molymines.comStock market codes: ASX: MOL,
TSX: MOL, FWB: HJ1
Moly Mines Contact Details
Other sponsors & participating organisations:
GLOBAL MININGINVESTMENT CONFERENCE 2010
Lead sponsors:
Media partners:
Eagle Hill Exploration Corp.
WINDFALL LAKE PROPERTY, QUEBECBULK TONNAGE GOLD EXPLORATION
SEPTEMBER 2010
This presentation contains certain statements that may be deemed “forward-looking statements”.All statements, other than statements of historical fact, that address events or developments thatEagle Hill Exploration Inc. expects to occur, are forward-looking statements.
Forward-looking statements are statements that are not historical facts and are generally, but notalways identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”,“projects” “potential” and similar expressions, or that events or conditions “will”, “would”, “may”,“could” or “should” occur.
Although Eagle Hill Exploration believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements are not guarantees of futureperformance and actual results may differ materially from those in the forward-lookingstatements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploration and production successes or failures,continued availability of capital and financing, inability to obtain required shareholder orregulatory approvals, and general economic market or business conditions. statements.
Forward-looking statements are based on the beliefs, estimates and opinions of Eagle Hill’smanagement on the date the statements are made.
FORWARD LOOKING STATEMENTS
3
EAGLE HILL EXPLORATION CORP.
Presentation Agenda:
• Corporate Information
• Windfall’s Exploration History
• Eagle Hill’s Recent Exploration
• Project Status
• Next Steps
4
Share Capital: August 31, 2010
SYMBOL: TSX.V:EAG
MARKET CAP (Issued): $21.9 million
52-WEEK RANGE (Hi-Lo): $0.62 - $0.07 (Source: TSX.V)
SHARES OUTSTANDING: 87.7 Million
WARRANTS: 22.4 Million
OPTIONS: 5.5 Million
FULLY DILUTED: 115.6 Million
AVERAGE DAILY TRADING VOLUME: 400,000 shares (past
three months)
EAGLE HILL EXPLORATION CORP.
5
EAGLE HILL EXPLORATION CORP.
• Gold exploration in Quebec – top ranked jurisdiction globally for mining and exploration
• Bulk tonnage gold mineralization in multiple zones
• Gold zones open in several directions
• Currently 5 large gold zones systematically being developed
• 16,000 meters of drilling completed in last 8 months
• Aggressive exploration continues – next two drill programs planned
6
EAGLE HILL EXPLORATION CORP.
Board of Directors:
Brad Kitchen, President and Chief Executive Officer
Richard Nemis, Director (Former President of Noront Resources Ltd.)
John Harvey, Director (Former Chief Operating Officer of Noront
Resources Ltd.)
Gerald Ruth, Director (Previous Head of TSX Listings)
Andre C. Tessier, Director (President of Murgor Resources Inc.)
Cale Thomas, Chief Financial Officer and Director
Amandeep Rai, Corporate Secretary
7
EAGLE HILL EXPLORATION CORP.Geological Team
EXPLORATION
•Dr. Jean-Philippe Desrochers, P.Geo.
•Neil W. Richardson, P.Geo.
•Andre C. Tessier, P.Geo., P.Eng.
TECHNICAL ADVISORS
•Mackenzie I. Watson, P.Eng.
•Wes Roberts, P.Eng.
•Ian Chisholm, P.Geo
•Terry Schorn, P.Geo.
•Peter Vamos, P. Geo.
•Robert Bryce, Ing.
8
EAGLE HILL EXPLORATION CORP.
• Canadian gold exploration Company with advanced-stage gold property:
- Windfall Lake Propetynear Val d’Or, Quebec (acquired from Noront, Freewest and Murgor).
9
EAGLE HILL EXPLORATION CORP.
Prior to Eagle Hill Acquisition in September 2009:
•Over $25 million spent on the property by previous developers
•Excellent infrastructure
•331 holes drilled
•1,453 meter underground ramp
•58 person operating camp
11
EAGLE HILL EXPLORATION CORP.
Narrow veins Large mineralized zones
High grade Lower grade
Discontinuous Continuous
Results:
• October 2009 – Company initiates exploration data interpretation
• 16,000 metres of drilling• 3 surface and borehole geophysical surveys
12
EAGLE HILL EXPLORATION CORP.: New Assays
Historical Values (never released)
Hole Number From (m) To (m)Length (m)
Au (g/t)(uncut)
Au (g/t)Cut to 15g/t
NOT-04-27 381.20 415.75 34.55 3.90 3.42
NOT-05-73 351.45 368.75 17.30 39.94 2.08
NOT-05-82 310.80 331.70 20.90 9.51 2.03
NOT-05-83 224.10 235.35 11.25 3.63 3.13
New Assay Values (drilled but untested core)
NOT-07-115 237.00 238.00 1.00 64.20 Uncut
NOT-07-157 237.65 259.00 21.35 5.95 3.60
NOT-07-157 284.90 326.00 41.10 2.83 2.62
13
EAGLE HILL EXPLORATION CORP.
New Assay Values
Hole Number From (m) To (m)Length (m)
Au (g/t)(uncut)
Au (g/t)Cut to 15g/t
EAG-10-196 254.0 306.0 52.0 14.51 3.01
including 271.0 287.0 16.0 38.69 5.49
EAG-10-238 316.4 341.0 24.6 3.35 3.35
EAG-10-238 299.0 304.1 5.1 14.36 9.51
EAG-10-240 59.0 71.0 12.0 17.36 10.97
EAG-10-240 331.2 347.0 15.8 2.07 2.07
2010 Drill Program
14
EAGLE HILL EXPLORATION CORP.: 3D MODEL
Open below intrusion
Open below intrusionDown plunge extension
Shallow gold zonesReaching surfaceOpen pit potential
Porphyry intrusions
Mineralized Gold Zones
16
EAGLE HILL EXPLORATION CORP.
Program – Next Nine Months Budget
Integrate ground geophysics into geological model – identify additional drill targets
$120,000
Assay existing ore piles to prepare for bulk sampling 32,000
Trenching program to better determine the geometry of this gold system
75,000
Conduct metallurgical studies to evaluate gold recoveries 25,000
Complete environmental baseline study 78,500
10,000 meter two phase drill program 2,500,000
Total: $2,830,500
20
EAGLE HILL EXPLORATION CORP.Eagle Hill Exploration Inc.Suite 601 – 999 Canada PlaceVancouver, BCV6C 3E1
P. Bradley KitchenTel: [email protected]
Investor Relations ContactsNeil Simon; Christian ScovennaInvestor Cubed Inc. (Toronto)Tel: 1.647.258.3311TF: [email protected]
Nathalie Dion MI3 Communications Financières Inc. (Montréal) Telephone: 514.904.1333Email: [email protected]
21
Other sponsors & participating organisations:
GLOBAL MININGINVESTMENT CONFERENCE 2010
Lead sponsors:
Media partners:
TSX-V: WTCFrankfurt: W0I-FF
Marshall Lake PropertyCopper . Gold . Silver . Zinc
Presented by Stefan Wozniak, September 29, 2010
A Joint Venture with
and
Norton Lake PropertyNickel . Copper . Cobalt . Palladium
A Joint Venture with
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
THESE PRESENTATION MATERIALS INCLUDE CERTAIN STATEMENTS WHICH MAY BE DEEMED TO BE “FORWARD LOOKING STATEMENTS” WITHIN THE MEANING OF SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED. ALL STATEMENTS OTHER THAN STATEMENTS OF HISTORICAL FACT, INCLUDED HEREIN ARE FORWARD-LOOKING STATEMENTS THAT INVOLVE VARIOUS RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS MAY DIFFER MATERIALLY FROM THOSE FORWARD-LOOKING STATEMENTS. IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE COMPANY’S EXPECTATIONS INCLUDE (BUT ARE NOT LIMITED TO) MARKET PRICES, EXPLOITATION AND EXPLORATION SUCCESSES, CONTINUED AVAILABILITY OF CAPITAL AND FINANCING, AND GENERAL ECONOMIC, MARKET OR BUSINESS CONDITIONS. ADDITIONAL INFORMATION ON FACTORS THAT MAY AFFECT THE COMPANY’S RESULTS ARE DISCLOSED IN THE COMPANY’S DOCUMENTS FILED FROM TIME TO TIME WITH THE BRITISH COLUMBIA SECURITIES COMMISSION.
THIS IS NOT TO BE CONSTRUED AS AN OFFER TO BUY OR SELL SECURITIES OF WHITE TIGER MINING CORP.
FORWARD-LOOKING STATEMENTS
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
COMPANY DATA
White Tiger Mining Corp.TSX-V: WTC Frankfurt: W0I-FF
Current Trading Price $0.25
Issued & Outstanding 10,434,410
Options & Warrants 3,727,764
Fully Diluted 14,162,174
Market Capitalization(based on fully diluted)
$3,540,543
As at September 10, 2010
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
TEAM SPOTLIGHT
Management and DirectorsDouglas L. Mason Chairman
Ronald A. Coombes President & C.E.O.
Sead Hamzagic C.F.O.
Bruce E. Morley Director & Counsel
Robert Middleton, PEng Qualified Person
Stefan Wozniak, BASc Mining Engineering
Exploration Manager
Ed Yurkowski Director & Advisory Board
Henry Ewanchuk Advisory Board
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
MARSHALL LAKE LOCATION
Canada’s major railway
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
MARSHALL SHOWINGS
GrippLake
SummitPluton
Main Billiton ZoneSwamp Zone
South Billiton Zone
North DiabaseAnarod Zone
North Cu Zone
Open Pit Zone
Lin Zn
G Zone
D Zone
Cherry Hill
Teck Hill NorthTala
Gazooma NorthJewel Box
Deep IP
Lease
Teck Hill South
Cherry Hill West
GazoomaGazooma South
Gold Zone
Marshall Lake
1 Km
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
WHERE WE ARE
Historical results Data compilation of more than $30 million spent by
Teck Resources, BHP Billiton, NWT, Esso Minerals, Marshall Lake PLC and Rainy Mountain Royalty Corp.
Mineralized zones discovered now grouped within one camp
Planned drilling to increase the known size and add additional tonnage
Modeling of historical data to determine targets for current drill program
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
WHERE WE ARE GOING
Phase 1 Expand two new high grade discoveries from
recent drill programs near surface Expand the historical discoveries Bring historical and current drilling into 43-101
compliant resourcesPhase 2 Raise the capital necessary to bring the
resources to pre-feasability stage These deposits have a high probability of
becoming mineable
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
HISTORICAL RESOURCE
Billiton Main Zone 1.2 million tons of 0.82% Cu, 2.71% Zn, 50.17 g/t Ag and 0.17 g/t Au (A.S. Bayne, 1970)
Teck Hill 240,000 tons of 1.45% Cu, 4.76% Zn and 79.37 g/t Ag (D.W. Sullivan, 1969)
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
GAZOOMA CROSS SECTION
Expected high grade mineralExtension to the South
Expected additionalmineralization
Hole Width(m) Cu(%)Ag
(g/tonne)Au
(g/tonne)
GAZ-06-01 27.9 1.18 21.3 0.18
GAZ-06-02 26.9 2.05 34.7 0.31
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
GAZOOMA DRILLING
Hole Width(m) Cu(%) Ag(g/tonne) Au (g/tonne)
GAZN-07-02 31.90 0.71 3.0 0.11
Including 24.9 0.82 4.0 0.12
GAZN-08-06 24.0 1.74 8.9 0.32
Including 5.0 3.36 17.1 0.68
Hole Width(m) Cu(%) Ag(g/tonne) Au (g/tonne)
GAZ-06-01 27.9 1.18 21.3 0.18
Including 7.0 1.77 31.3 0.25
GAZ-06-02 26.9 2.05 34.7 0.31
Including 17.9 2.79 47.2 0.38
TK-08-09 50.5 0.84 9.1 0.04
Including 4.25 3.79 38.3 0.26
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
MAIN BILLITON ZONE TRENCHING
Up to: 2.7% Cu and 1.25% Zn over 12 feet in trenching
Resources (non 43-101 compliant) 1.2 million tons of 0.82% Cu, 2.71% Zn, 50.17 g/t Ag and 0.17
g/t Au (A.S. Bayne, 1970)
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
MARKET PRICES
METAL PRICE
Copper $3.46 (lb)Gold $1,275.00 (oz)Silver $20.61 (oz)Zinc $0.96 (lb)
Source: Bloomberg – Sept. 21, 2010
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
IP MAP OF MARSHALL LAKE
Gripp
Lake
MooseLake
1S
2S
3S
BL-0
0E1E 2E 3E 4E 5E 6E
7E
8E
10E
11E12E 13E 13
+50E
15E 16E
19E20E 21E
22E23E
24E 25E 26E 27E 28E
TL-5S
BL-0
BL-0
4S
5S
6S
7S
8S
9S
10S
11S
12SBL-0GAZ
9+50
E
7+50
E
TL-12S
GAZOOMA NORTH
1W2W3W
4W
5W
6W
7W8W
1N
2N
3N
4N
5N
6N
7N
9N
8N
7N
5N
3N
2N
1N
4N
8N
3W2W 1W4W 3E
5E 6E
2E
7EBL-0
3E 4E 5E 6E 7E11E 12E
8E 9E
3W
4E
10E9E8E
13E7E6E5E4E3E
3E
22E21E20E19E18E17E
GAZBL-0
12S
15E13E
12E11E10E9E
2E 3E 4E 5E 6E 7E 8E0E 1E 10E9E 11EBL-0
1150S TL1150S TL
BL-0
16W 15W 14W 13W 12W 11W 10W 9W 8W 12E
1W2W3W4W5W
6W7W8W9W
10W
2200
14E
4580
00m
E
4575
00m
E
4570
00m
E
4565
00m
E
4560
00m
E
4555
00m
E
4550
00m
E
4545
00m
E
5583000mN
5583500mN
5584000mN
5584500mN
5585000mN
5585500mN
5586000mN
5586500mN
4585
00m
E
D ZONE
ZONEOPEN PIT
SOUTH ZONE
MAIN ZONE
NORTH DIABASEZONE
JEWEL BOX
LEASE
NORTH COPPERZONE
Zn
Cu
Cu
Cu
Cu
Cu
Cu
Cu
Cu
Cu
Cu
Cu
Cu,Au
Zn
D ZONE
ZONEADNAROD
G ZONE
CHERRYHILL
TECK ZONE
GAZOOMA ZONE
surface
deepdeep
deep
deep
deep
deep
deep
deep
deep
+ +
deep
deep
deep
deepdeep
surface
+
GRIPPCAMP
MAR-06-01,02
MAR-06-03,04MAR-06-05,06
MAR-06-07,08MAR-06-09,10
MAR-06-11
GAZ-06-01,02
GAZ-07-03
GAZ-07-04
GAZN-07-01
GAZN-07-02
GAZN-07-03
GAZN-07-04
TH-07-01
G-07-01
DZ-07-01
N
KILOMETRES
0 500 1000
EAST WEST RESOURCE CORPORATIONGEOPHYSICAL COMPILATION
MARSHALL LAKE AREATHUNDER BAY, ONTARIO
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
MARSHALL SHOWINGS
GrippLake
SummitPluton
Main Billiton ZoneSwamp Zone
South Billiton Zone
North DiabaseAnarod Zone
North Cu Zone
Open Pit Zone
Lin Zn
G Zone
D Zone
Cherry Hill
Teck Hill NorthTala
Gazooma NorthJewel Box
Deep IP
Lease
Teck Hill South
Cherry Hill West
GazoomaGazooma South
Gold Zone
Marshall Lake
1 Km
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
NORTON LAKE PROPERTY
Category Tonnes Ni Grade (%) Cu Grade (%) Co Grade (%)Pd
Grade(g/t)
Measured 1,769,721 0.67 0.61 0.03 0.46
Indicated 488,933 0.67 0.61 0.03 0.47
Total 2,258,654 0.67 0.61 0.03 0.46
Inferred 198,571 0.66 0.59 0.03 0.47
Table 19-1. Norton Lake Ni-Cu-Co Deposit Mineral Resource Estimate reported at 0.3% Ni cut-off.Source: White Tiger Mining Corp. Independent Technical Report – May 1, 2009 as prepared by Caracle Creek International Consulting Inc.
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
NORTON LAKE PROPERTY
Category Tonnes Ni (lbs) Cu (lbs) Co (lbs) Pd (oz)
Measured 1,769,721 26,259,776 23,814,776 1,243,172 26,284
Indicated 488,933 7,266,556 6,562,805 330,964 7,398
Total 2,258,654 33,526,332 30,377,270 1,574,136 33,682
Inferred 198,571 2,906,224 2,564,708 135,649 2,993
Table 19-3. In situ metal content of the Norton Lake Ni-Cu-Co Deposit, using 0.3% Ni cut-off.Source: White Tiger Mining Corp. Independent Technical Report – May 1, 2009 as prepared by Caracle Creek International Consulting Inc.
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
NORTON LAKE PROPERTY
Drill Hole U-4
From(m) To (m) Interval(m) Ni (%) Cu (%) Pt (g/t) Pd (g/t) Co (%)
85 98 13 0.77 0.84 0.09 1.75 0.026
Drill Hole U-14
From(m) To (m) Interval(m) Ni (%) Cu (%) Pt (g/t) Pd (g/t) Co (%)
121 130 9.0 0.71 0.31 0.35 0.54 0.033
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
MARKET PRICES
METAL PRICE
Nickel $10.12 (lb)Copper $3.46 (lb)Cobalt $19.50 (lb)
Paladium $530.00 (oz)Platinum $1,614.00 (oz)
Source: Bloomberg – Sept. 21, 2010
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
PROPOSED TERM SHEETIssuer: WHITE TIGER MINING CORP.
Financing: Non brokered private placement to raise $2,000,000Cdn
Type of security: Common Stock
Number of Units: 8,000,000 Units at $0.25Cdn per Unit
Unit: Each Unit will consist of one common share and one half of a share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.30 for a period of one year from the closing date
Hold period: 4 month (statutory)
Capitalization of the Company:
Current issued and outstanding – 10.4 million common shares
Current trading price: $0.25 as at September 10, 2010
52 week hi/low: $0.34 - $0.20
Intended use of proceeds: Continued exploration and core drilling of the Marshall Lake Property
Finders Fee: 8% payable in cash or in units or a combination
TSX-V: WTC FRANKURT: W0I-FFCOPPER . GOLD SILVER . ZINC
CONTACT
Clive ShallowShareholder RelationsWaterfront Mining GroupTel: 604 922 2030 ext. [email protected]
Website: www.whitetigermining.com
Other sponsors & participating organisations:
GLOBAL MININGINVESTMENT CONFERENCE 2010
Lead sponsors:
Media partners: