Corporate Presentation – July 2015

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High-grade Zinc-Gold-Silver project Aim to complete scoping study by early 2016 to demonstrate economic potential Hayes Creek - High-grade, near-surface, Zn-Au-Ag deposits on granted MLs, 100% owned Inferred Resource (JORC 2012) at Iron Blow containing:

― 203,000oz gold, 10.7Moz silver, 125,000t zinc, 23,000t lead & 7,000t copper

Recent drilling at Mt Bonnie intersected near-surface, high-grade massive sulphides Burnside, Moline, Chessman - Earning-in to 90% over 1,700km² highly prospective

exploration tenure* - multiple untested gold & base metals targets

Leigh Creek

Project

Burra Project

Yorke Peninsula Project

Hayes Creek, Burnside, Moline

and Chessman Projects

*Refer ‘Additional Information’ pg19

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Corporate Overview Capital Structure

Current Share Price 1 A₵ 1.6cps

Shares on Issue # 357.3m

Market Capitalisation A$ $5.7m

Cash (as at 30 June 2015) A$ $0.9m

Listed Investment 2 A$ $0.3m

Loan/Convertible Notes 3 A$ $1.8m

Enterprise Value A$ $6.3m

1. As at 15 July 2015

2. 12.9m shares (5.4% of the undiluted capital) in Avalon Minerals Limited (ASX:AVI). Last traded at 2.5c per share

3. Unsecured loan of $1.2m for the acquisition of the AVI shareholding, which is to be settled in cash from the sale of AVI shares with PNX shares to be issued to make up any shortfall. 16 months remaining on loan term. Also $0.6m of convertible notes on issue which are convertible to PNX equity at $0.05 per share at the election of PNX at any time.

Share Price & Volume

Share Ownership

HSBC Custody Nominees 14.6% Cartet Group Limited 8.6% Talis SA 8.5% Long Fortune Limited 7.6% Asia Image Limited 6.9% Directors & Management 4.4% Top 20 holding ~75%

Board & Management Graham Ascough Non Executive Chairman

James Fox Managing Director & CEO

Paul Dowd Non Executive Director

David Hillier Non Executive Director

Peter Watson Non Executive Director

Tim Moran Co Sec & CFO

Andy Bennett Exploration Manager

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Specific short-term objectives Test extensions to massive sulphide zone at

Mt Bonnie - initial JORC resource estimate by end Q3 2015

Aim to discover new ore-grade gold or base metal mineralisation at Hayes Creek – test Joplin prospect during Q3 2015

Complete metallurgical optimisation test work by Sept 2015 - demonstrate high value, saleable, zinc, gold and silver products

Complete Scoping Study early 2016 - demonstrate project viability

Position project to take advantage of forecast zinc price rise and strong gold price

Continue regional exploration targeting gold & base metals mineralisation at Burnside, Moline & Chessman projects

Discover – Define – Develop IBDH023 high-grade massive sulphide core

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Zinc project with considerable gold-silver JORC 2012 inferred resource at Iron Blow:

― 2.6Mt @ 11.5% Zinc-Equivalent* ― Amenable to open pit mining

Mt Bonnie deposit: ― Recent drilling, near-surface, high-grade

massive sulphides ― Untested lower conductor – potential to

increase depth extent of mineralisation

Both deposits located on 100% owned, granted MLs

Close to infrastructure – roads, rail, grid power, Crocodile Gold operations

Numerous untested coincident geophysical & geochemical targets

>10km target stratigraphy close to existing deposits – additional VMS potential

*See Pg 6 for further details

Mt Bonnie

Iron Blow

2.6Mt @ 11.5% Zinc_equivalent

Hayes Creek Project - Development

8m @ 12.3% Zn, 2.41g/t Au, 321g/t Ag, 0.5% Cu, and 2.5% Pb from 89m in MBRC014

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Iron Blow Resource – High value asset

Zinc rich massive sulphides with considerable gold and silver mineralisation Resource is amenable to open pit mining methods Existing resource upside:

― Additional gold-rich zones identified outside boundaries of existing resource ― Drilling late 2014 at Iron Blow drill hole IBDH023 intersected: o 50.39m @ 10.12% Zn, 2.66 g/t Au, 283 g/t Ag, 0.57% Cu, 1.39% Pb from

155.72m ― Limited deeper drilling, mineralisation remains open

100% owned, granted MLs, no environmental liability, close to infrastructure

Depth AuEq

cut-off (g/t)

Tonnes AuEq (g/t) Au (g/t) Ag (g/t) Cu (%) Pb (%) Zn (%) ZnEq %

> -90 mRL 0.7 2.2Mt 6.7 2.4 140 0.3 1.0 4.9 11.8

< -90 mRL 3.0 0.4Mt 5.6 2.7 71 0.4 0.4 4.1 10.0

Total Inferred Mineral Resource 2.6Mt 6.5 2.4 130 0.3 0.9 4.8 11.5

Total Contained Metal 543,000 oz

203,000 oz

10,700,000 oz 7,000 t 23,000 t 125,000 t 300,000 t

See ASX release 3 November 2014 for details, ‘High Grade Mineral Resource Estimate for Iron Blow Deposit’, where further details are provided. All material assumptions and technical parameters underpinning the resource estimate announced on 3 November 2014 continue to apply and have not materially changed. Results of drilling by Phoenix Copper since October 2014 have not been included in the resource estimate but if they were, they would not likely have a material change on the October 2014 resource estimate.

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Iron Blow – Diagnostic metallurgical tests Bulk & differential rougher flotation tests

completed using standard non-optimised chemical regime

Zinc best performing base metal with respect to concentrate recovery and grade - well liberated with excellent recoveries (>95 %)

Excellent early stage results for silver & gold Silver concentrate grades up to 400ppm

and recoveries of up to 75% Gold concentrate grades over 7g/t using

non-specific collectors with up to 65% recovery

>77% of the mass rejected to tails including a substantial amount of deleterious elements

Optimisation test work commenced with a focus on maximising grade & recoveries of zinc, gold and silver – results by Sept 15

Diagnostic flotation test work on Iron Blow composite mineral sample

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Iron Blow - Potential to grow

Potential for near-surface mineralisation

Untested Zones

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Iron Blow - Additional gold zones

Gold zone not currently included in resource estimate F

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Mt Bonnie – Initial drilling complete

Past high-grade oxide gold & silver production

No comprehensive historic exploration 12 RC holes, ~1,100m drilled May 2015 Near-surface sulphide mineralisation Very high-grade Zn-Au-Ag

homogeneous massive sulphide lens Open to the NW and at depth Untested lower EM conductor Similar geophysical signature,

mineralogy & potential to Iron Blow Less than 3km from Iron Blow

Mount Bonnie historical open pit looking to the North-west

Recent drilling results: 8m @ 12.61% Zn, 2.41g/t Au, 328g/t Ag, 0.48% Cu, and 2.76% Pb from 89m in MBRC014 12m @ 8.37% Zn, 2.57g/t Au, 228g/t Ag, 0.67% Cu, and 1.97% Pb from 48m in MBRC015 14m @ 6.55% Zn, 0.87g/t Au, 245g/t Ag, 0.43% Cu, and 1.84% Pb from 57m in MBRC024

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Mount Bonnie – 2nd VMS deposit

Mineralisation remains open

Oxide potential

OPEN DOWN DIP

UNTESTED

Known extent of main zone of massive sulphides

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Mount Bonnie – Untested lower zone

Untested lower conductive zone - potential to double the

depth extent of the deposit

8m @ 12.3% Zn, 2.41g/t Au, 321g/t Ag, 0.5% Cu, and 2.5% Pb

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Regional Exploration – Untested potential Burnside, Moline & Chessman projects Known VMS deposits at Iron Blow & Mt

Bonnie Defined by discrete, coincident magnetic

and EM responses + surface geochemistry Multiple high-grade rock chips from

surface gossan & outcrop to follow up Large amount of historical exploration

data inherited from Crocodile Gold with numerous untested targets

Test priority targets with gold and base metal potential

Strong potential for discovery of economic mineral resources

Field campaign commenced in June 2015

Copper oxides at Mt Ellison (Burnside Project)

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VTEM Targeting Results

Targets on reduced to pole (RTP) magnetics Targets on EM 3521usec time channel

Iron Blow deposit

Joplin prospect

Mount Bonnie deposit

Iron Blow deposit

Joplin prospect

Mount Bonnie deposit

Golden Dyke prospect

Golden Dyke prospect

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Joplin – 3rd VMS deposit?

Joplin - LHS image shows Zinc in soils contour, RHS image shows magnetics with Zinc in soils contours, black rectangle is modelled conductor from the EM data, white dashed line

represents mapped gossanous quartz vein

Iron Blow at identical scale and background magnetic image showing modelled EM conductor outlines and drilling overage

Near-surface coincident conductive and magnetic body with discrete zone of base metals anomalism, similar intensity & appearance to Iron Blow deposit <3km away

Iron Blow Oxide pit

Iron Blow Resource - 2.6Mt @ 2.4g/t Au, 130g/t Ag, 4.8% Zn, 0.9% Pb, 0.3% Cu

Joplin - coincident near-surface conductive and magnetic body

Joplin – Zinc in soils anomaly

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Work program & project milestones

Milestone Outcome

1 Drilled high-grade massive sulphides Zn-Au-Ag, identified untested lower zone at Mt Bonnie

2 Drill test Hayes Creek targets (Joplin), Mt Bonnie resource and extensional drilling, met optimisation

3 Iron Blow drilling + new resource, drill test new untested regional targets

4 Completion of Scoping study

Q2 Q3 Q4 Q1 Q2+

Exploration drilling Mount Bonnie

Geophysics, exploration targeting and generation

Stage 1 testwork - diagnostic

Drill test Hayes Creek exploration targets Milestone 1

Mt Bonnie exploration + resource extension

Mt Bonnie resource estimate (JORC)

Iron Blow exploration + resource extension Milestone 2

Iron Blow resource estimate (JORC)

Stage 2 testwork - optimisation

Fieldwork, new targets, mapping & sampling

Drill test regional exploration targets

Hayes Creek Reserves Study Milestone 3

Hayes Creek Enviro + Hydro, studies

Hayes Creek Concept Study/Scoping StudyFEASIBILITY Hayes Creek Preliminary Feasibility Milestone 4

REGIONAL EXPLORATION

MINE DESIGN

2015 2016+

HAYES CREEK EXPLORATION

RESOURCE DEFINITION

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Iron Blow - One of the best undeveloped Zinc deposits in Australia?

Bubble size = contained zinc tonnes

Red = Producer Green = Developer Blue = Explorer

Source: Hartleys Research

Hayes Creek Iron Blow only

ASX-listed Zinc stocks

Hayes Crk with Mt Bonnie?

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Summary

Aim to define sufficient resources at the Hayes Creek project to underpin a profitable mining operation ― Iron Blow resource, high-grade Zn-Au-Ag, potential open pit ― Mt Bonnie deposit, near-surface, high-grade Zn-Au-Ag ― 100% owned, granted MLs, close to infrastructure ― Strong exploration potential at Hayes Creek beyond these deposits

Completion of Scoping Study to demonstrate project viability by end 2015 ― Diagnostic test work complete, good zinc recovery & grade ― Metallurgical optimisation test work - demonstrate high value, saleable, zinc gold and

silver products Regional exploration – untested potential

― Multiple gold and base metals targets ― Aim to discover new gold or base metal deposit in 2015

Discover – Define – Develop

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Additional Information

Transaction with Crocodile Gold Australia (CGA), a subsidiary of Canadian Listed Crocodile Gold Corp (TSX:CRK) announced August 2014

Acquired Tenements (100%) – Hayes Creek Project ― 14 Mining Leases (containing Iron Blow and Mount Bonnie deposits) for a 2% royalty

over gold and silver in concentrate ― CGA can clawback 30% within 6 months of PFS by paying 3x expenditure

Earn-in Tenements (up to 90%) – Burnside, Moline and Chessman Projects ― 21 exploration licences (now 20) and 4 mining leases covering 1,700km2

― PNX to earn 51% by spending $2M over 2 years (excluding Uranium), which can include up to $0.5M spent on the Acquired Tenements

― PNX to earn up to 90% by spending a further $2M within a further 2 years (excluding Uranium), which can include up to a further $0.5M spent on the Acquired Tenements

― CGA can acquire 90% of any 2012 JORC compliant gold and silver deposit within 6 months of resource being announced by paying 3x expenditure

― Further $0.5m (in cash or shares) payable to CGA upon completion of a DFS on any NT base metals project

Acquisition of highly prospective base metal projects on granted mining licences, with proven massive sulphide mineralisation, and exceptional further exploration potential

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Board & Management Board / Management Biography Graham Ascough Non Executive Chairman

Senior resource executive and geophysicist with more than 24 years of industry experience. Strong technical background and current Non-executive Chairman of four ASX listed companies.

James Fox Managing Director & CEO

19 years experience in a variety of technical roles in the mining industry. Previously responsible for development and operation of Nickel Laterite Heap Leach at Murrin Murrin Operations, and Process Manager at Nifty Copper Operations.

Paul Dowd Non Executive Director

45 Years in mining industry. Former MD of Phoenix Copper Ltd and of Newmont Australia and former director of Macurthur Coal and AuRico Gold Australian entities. Current NED of Oz Minerals Ltd.

David Hillier Non Executive Director

A Chartered Accountant with more than 30 years experience in commercial aspects of the mining industry. Former CFO and Executive Director of Mineral Securities Ltd and CEO of Buka Gold Ltd. Current Executive Chairman of a private exploration group.

Peter Watson Non Executive Director

44 Years in corporate law. Founder and Partner at Watsons Lawyers, former Partner of Norton Rose and former Group Legal Counsel and Group Executive of Normandy Mining Limited. Founder of Phoenix Copper.

Tim Moran Co Sec & CFO

Former CFO and Company Secretary of Canadian listed oil and gas company, former Senior Audit Manager at KPMG Adelaide.

Andy Bennett Exploration Manager

More than 20 years experience in the exploration & mining industry with roles in a wide variety of geological settings at both junior and large companies. Former BHP Billiton Chief Geologist during the Olympic Dam open pit expansion studies, and former Exploration Superintendent at WMC Resources.

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This presentation is an overview of the Company prepared with good intention. It is not a prospectus and offers no securities for subscription or sale in any jurisdiction, nor a securities recommendation.

All information necessary for investment decisions is not contained herein and investors are encouraged to conduct their own research of Phoenix Copper Limited in conjunction with legal, tax, business and financial consultation.

Phoenix Copper Limited, its directors, officers, employees and agents disclaim liability for any loss or damage suffered by reliance on information contained in this report when making investment decisions. In addition, no express or implied representation or warranty is given in relation to the completeness and sufficiency of the information, opinions or beliefs contained in this document or any other written or oral information made or to be made available to any interested party or its advisors.

This presentation may refer to the intention of Phoenix Copper Limited but it does in no way intend to forecast forward looking statements or future matters for the purposes of the Corporations Act or any other law. Future events are subject to risks and uncertainties, and as such results, performance and achievements may in fact differ from those referred to in this presentation.

No liability is accepted for any loss, cost or damage suffered or incurred by the reliance on the sufficiency or completeness of the information, opinions or beliefs contained in this presentation.

Research, evaluation and analysis of the business, data and property are encouraged before making financial investments. Any estimates, projections or opinions contained herein may involve subjective judgement, analysis and interpretation, and satisfaction of one’s own decisions should be undertaken.

This report contains forward-looking statements. These forward-looking statements reflect management’s current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, or expectations to differ materially from the results expressed or implied in the forward looking statements.

The information in this report that relates to Exploration Targets and Exploration Result is based on information compiled by Mr Andrew Bennett a Competent Person who is a Member of the Australian Institute of Mining And Metallurgy. Mr Bennett has sufficient experience relevant to the style of mineralisation and the type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Bennett consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

Disclaimer & Important Notice F

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