day 2 - session 5: global hotspots (part 1)

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:


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

9

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

Port Hedland – Nelson Point (BHP)

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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


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


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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)


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


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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


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MOLYMINESLIMITED

Commencement of Mining

Moly Mines Limited

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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


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

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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


Fe Pits

28

MOLYMINESLIMITED

Reserves and Mineral Resources


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

29

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.

30

MOLYMINESLIMITED

Long Lead Equipment Orders Completed


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



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)


5


• 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


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


• 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.: Claim Map

10


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


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


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


3D Block Model

Existing Boreholes(n: 331)

15

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.: 3D MODEL

17


18


Summer 2010 IP Mapping

19


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

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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]

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mailto:[email protected]�

http://www.mi3.ca/�



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


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


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

Copper . Gold . Silver . Zinc


MARSHALL LAKE LOCATION

Canada’s major railway


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


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


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


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)


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


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


NORTH GAZOOMA CROSS SECTION


TECK HILL TRENCH

4m wide Massive Sulphides


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)


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


EXPLORATION METHODS USED


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


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

Nickel . Copper . Cobalt . Palladium


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.



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.



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


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


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


CONTACT

Clive ShallowShareholder RelationsWaterfront Mining GroupTel: 604 922 2030 ext. [email protected]

Website: www.whitetigermining.com

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