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“Major Copper Mineralised Systems currently being Drill Tested.”
Investor Presentation ‐ December 2010
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 there 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 has been interpreted by Coppermoly Ltd and does not necessarily reflect the viewsby 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 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.
• Barrick to spend A$20m to attain a 72% stake of three tenements at Nakru, Simuku and Talelumas.
• Major Copper Mineralised System Demonstrated with drill hole intersection of 213.75m grading 0.92% copper and 0.33 g/t gold at Nakru‐1.
• Drilling by Barrick at Simuku tests for tonnage potential. Inferred Mineral Resource of 200 million tonnes at 0.36% copper.
• Projects are located close to major infrastructure including roads, deep water port, airport and general amenities.
• Supportive landowners.
Highlights
Company Overview (ASX:COY)
55%Top 20 Shareholders currently hold
$2.0 MCash at Bank
$20 millionMarket Capitalisation
14.5 centsShare Price
16.5 millionTotal Unlisted Options
46 millionTotal Listed Options (COYO 30 cents) and (COYOA 7 cents)
139 million Current Shares on Issue
4.30%Yeaman
4.50%Barrick
10%Vangold Resources Ltd
15%New Guinea Gold Corp.
Mineralised Papua New Guinea
Lihir ‐ 40 Moz AuEq
944Mt at 0.48% Cu, 0.56g/t Au
Misima ‐ 5 Moz Au
Morobe ‐ 5 Moz Au
Yandera ‐667 Mt at 0.33% Cu
Porgera –25 Moz Au
Frieda ‐1060 Mt at 0.53% Cu,0.29g/t Au
Copper Production in PNG averages Copper Production in PNG averages around 200,000t per annum. (US $1.4b)around 200,000t per annum. (US $1.4b)
Tolukuma ‐ 1 Moz AuEq
Ok Tedi –663 Mt at 0.76% Cu, 0.85g/t Au
COPPERMOLYSimuku200Mt at 0.36% Cu
COPPERMOLYMt. Nakru213m at 0.92% Cu
Panguna ‐
AustraliaMap Area
Papua New Guinea
Australia
Kainantu ‐ 2 Moz Au
New Britain Island Copper‐Gold Province
Topography Image
Ok Tedi/ Frontier
Exploration
Tenements subject to Barrick agreement:• EL 1077 ‐ Simuku• EL 1043 ‐ Mt. Nakru• EL 1445 ‐ Talelumas
Coppermoly Tenement Applications:•ELA 1782 ‐ Powell•ELA 1812 ‐ Fulleborn
LOCATIONExcellent Location for Project Development
• Vehicle access to both projects (1 to 4 hour drive)
• Deep water port at provincial capital of Kimbe
• Local infrastructure and relatively easy logistics
• Topography not extreme (200m to 800m elevation)
• Landowners support exploration
• Large oil palm industry on the islandhave developed local infrastructure
Palm oil Plantations
Port at Kimbe
Copper Industry Grade Decline
Nakru Copper Project
IP geophysical surveysare being used to detect the core of these breccia systems.
Nakru Area showing Prospects
Nakru Copper ‐ Gold ‐ Zinc Project
1 KILOMETER
STRINGER ZONE
OUTER
MARGINALCORE
Silica ‐ Pyrite ‐ Sericite+/‐ Cpy + Au
Silica ‐ Sericite ‐Pyrite
Chlorite ‐ Sericite + Tr. Py
Ba ‐ Ag ‐ Au Zn ‐ Cu Cu ‐ Pb ‐ Zn
Zn ‐ Pb – Ag ‐ Cu
Fine grained volcaniclastics and sediments
Recent Ash / Pumice
March 2010Denis O’Neill
Pumiceous BrecciaRhyo ‐ dacitic "flow dome"Hydrothermal breccia(NAKRU VOLCANIC COMPLEX)
Nakru‐2Exhalative massive sulphide lenses
Stringer Zone feeding nearsea floor massive sulfides
'Supergene' Copper Zone
Nakru‐1Core zoneDisseminated Py ‐ Cu (Mt. Lyell)?toMassive Py ‐ Cu (Highway ‐ Reward)?
CONCEPTUAL MODEL FOR VMS – EPITHERMAL HYBRID MINERALISATION for the NAKRU SYSTEM
Nakru 2 Chargeability Nakru 1 Chargeability
Near surface copper lens 3% to 4%
copper target
Area of previous drilling, copper in drill holes average > 0.7%
BWNBDD00001213.75m averaging
0.92% copper
copper target
Nakru 2 Nakru 1
3‐D Induced Polarisation (IP) geophysical anomalyHigh grade copper targets currently being tested
BWNBDD00002
Nakru 1 – Copper Gold SystemExtensive Drill Testing Underway
EOH 276.7m
NAK017210.1m at 0.45% Cu, 0.17g/t Au, from 61.2m
NAK006140m at 0.57% Cu from 57m
NAK00386.15m at 0.46% Cu, 0.46g/t Au, from 85m
BWNBDD0001213.75m at 0.92% Cu, 0.33g/t Au, from 74.45mEOH 361.1m
Oxide ZoneAu + Mo + As +Ag, Pb, Zn, Te
GoethiteHaematite
16m at 0.74 g/t Au0.14 % Cu
Drill Section Schematic Plan
Primary Copper Zone
5m at 2.1 % Cu, 1.2 g/t Au
SW NW
Secondary CopperEnrichment Zonechalcocite + covellite
213.75m at 0.92% Cuand 0.33g/t Au(1.12% CuEq)
chlorite + silica + sericite breccia chalcopyrite + pyrite in quartz veinlets and matrix controlled
13m at 2.8% Cuincluding 3m at 7.51% Cu
MAJOR IP
TARGET
7m at 2.37% Cuand 1.29 g/t Au
22.25m at 1.47% Cu
61m at 0.32 g/t Au
NAK0
17
NAK0
14
NAK0
13
NAK0
15
NAK002
NAK0
16
NAK0
01
28m at 1.1 % Cu,0.27 g/t AuIncluding:4m at 3.1 %Cu9m at 1.94 %Cu
IPTARGET
24m at 1.35% Cuand 1.03 g/t Au
??
?
lower cpy:py
Base of Oxidation
BWNBDD0001
Nakru 1 – Drill Cross Sections
BWNBDD00001
SUPERGENE COPPERZONE
PRIMARY COPPER – GOLD ZONE
50m
1.0% CuEq
0.25% CuEq361.1m
?
OPEN
?
?
?
?
??
210m at 0.45% Cu and 0.17g/t Au
272.6m
50m
NAK017
OPEN
?
?
SUPERGENE COPPERZONE
PRIMARY COPPER – GOLD ZONE
213.75m at 0.92% Cu and 0.33g/t Au,(1.12% CuEq)
?
?
?
?
??
Nakru 2 ‐ Sulphide Copper System
Sulphide related anomaly
• Large envelope of surface mineralisation
• Breccia hosted copper system
• Upper copper lens of 3% to 4% copper
• Drill tested with deep hole by Barrick(64m at 0.59% Cu)
Nakru Drill Core
Nakru 2 Coppermoly Drill Holes
NAK2‐001299.8m
MASSIVE SULPHIDE6.7m at 3.8% Cu0.19 g/t Au1.66% Zn
MASSIVE SULPHIDE7m at 3.36% Cu0.19 g/t Au2.0% Zn11.4 g/t Ag57 ppm Mo
Trench88m at 1.2% Cu, 0.33 g/t Au19.9% Cu sample in trench
Sulphide breccia outcrop
21m at 0.83% Cu
9m at 0.53% Cu
3m at 1.41% Cu
NAK2‐002112.5m
52m at 1.2% Cu
73m at 0.96% Cu
Logging Nakru Drill Core
Simuku / Talelumas Project
Simuku and Yandera Copper Systems
Simuku:1. Maiden Inferred Resource of 200
million tonnes at 0.36% copper2. 20km from deep water port3. 300m above sea level4. Three new holes completed by
Barrick
Yandera:1. Indicated and Inferred Resource
of 667 million tonnes at 0.33% copper
2. 80km from deep water port3. 1700m above sea level4. New agreement with China to
progress feasibility Simuku Cu‐Mo‐Au Porphyry System
BWNBDD0005
BWNBDD0004
BWNBDD0006
Mindoka Molybdenum
Wokayale
Nayam
Tobarum
Misili
Horseshoe
(31 diamond holes)
Secondary Copper Enrichment in Drill Holes
• Tobarum : 27m thick at 0.74% copper
• Nayam: 16m thick at 1.0% copper
Primary Copper Drilling Results
• 56m at 0.77% copper at 207m depth
• 117m at 0.61% copper
Near Surface Copper Enrichment
Talelumas – EL 1445 Gold and Copper Prospects
Isme Creek Gold Prospect• Geochemistry similar to
the Nakru systems
Mt.Misusu Copper Prospect• Possible offset extension
of Simuku porphyry system zone of anomalous copper and I.P. geophysics
SIMUKU Maiden Inferred Resource
Peter McNeil – Non Executive Chairman, 25 years experience in PNG.
Peter Swiridiuk –Managing Director, 20 years experience in South Pacific, South East Asia, Middle East, Mexico, Cyprus and Australia.
Maurice Gannon – Executive Director and Company Secretary, BSc, FCIS, FAIM, MAusIMM, 21years experience in earth sciences, business and financial management.
Bob McNeil – Non Executive Director, 47 years experience in mining and exploration.
Dal Brynelsen – Non Executive Director, CEO of Vangold Resources in PNG. North American connections.
Ces Iewago – Non Executive Director. BACom, MBA, FAICD, Expertise in PNG banking and finance. Director of NGG. Political and Mining connections in PNG.
On‐Site PNG Administration and Base of Operations at Kimbe on New Britain Island.
Denis O’Neill – Geological Consultant, over 36 years experience in mining and exploration.
Board and Management with PNG Experience
• Extensive drilling and exploration programme in 2010 and 2011 through an agreement with Barrick.
• PNG experience.
• Discovery of high‐grade copper systems being advanced at Nakru.
• Proven exploration methodology to advance projects.
Why invest in Coppermoly?
Notes:
• All stated intersections are weighted assay averages ([Sum of each total interval x grade] / Total length of intersection).
• Drillhole samples from drillholes were transported to the camp site, logged, orientated and sampled between 1m and 2m 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 106 degrees C and crushed to < 2 mm. Samples greater than 2kg are rifle split down to 1.5kg and pulverised to 75 microns. The final 300g sized pulp samples 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 0.5% are re-assayed. Intertek laboratories have an ISO 17025 accreditation. Unused half core is stored on site before being transported to the town of Kimbe for permanent storage.
• BWNBDD Series Drill Core is PQ, HQ and NQ in size with core recovery predominantly 100%.
• Drillhole co-ordinates are given in UTM Zone 56, AGD66 Datum.
• Mineralised intersections are quoted as downhole widths.
Drill pad BWNBDD0010
Nakru campBWNBDD0007 – 265.52m
BWNBDD0009 – 180m
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