day 2 – session 5: Global hotspots (part 1)<br />Opportunities Western Australia Derek Fisher– CEO,Moly Mines<br />
GLOBAL MININGINVESTMENT CONFERENCE 2010<br />Lead sponsors:<br />Media partners:<br />Other sponsors & participating organ...
MOLY<br />MINES<br />LIMITED<br />An Opportunity -<br />Building Two Mines <br />Global Mining Investment Conference<br />...
Disclaimer<br />This presentation includes “forward-looking statements” as that term within the meaning of securities laws...
500km<br />Australian Iron Ore Regions<br />Pilbara<br />Premier producing region<br />+ 350Mt in 2009<br />+600Mt in 2015...
Pilbara Region – Western Australia<br />Deepwater  Ports<br />Iron  Ore  Mines<br />Port Hedland <br />Cape Lambert<br />D...
Pilbara Region – Western Australia<br />Iron  Ore  Projects<br />Name<br />Owner<br />Resource (Mt)<br />Capacity (Mtpa)<b...
Port Hedland - Overview<br /> Berths  Wharfs  -  Existing<br />Name<br />Operator<br />Proposed Outer<br />Harbour Develop...
Port Hedland – Existing & Future Berths<br /> Berths  Wharfs  -  Existing<br />Channel<br />Name<br />Operator<br />Finuca...
Port Hedland – Port Infrastructure <br />Anderson Point FMG<br />Finucane Island<br />BHP<br />Nelson Point <br />BHP<br />
Port Hedland – Nelson Point (BHP)<br />
Company Overview – Building Two Mines <br />Spinifex Ridge Iron Ore Project<br />Construction near complete<br />Iron ore ...
Vision to build a major world class mining group
Hanlong Group US$5 billion investment pool</li></ul>Broome<br />Major Road<br />Rail<br />Major Port<br />Gas Pipeline<br ...
Sichuan Hanlong Group<br />Privately owned<br />Resource Interests – Zn, Mo, Cu, Coal, Au<br />Electricity production, inf...
Major world Mo company</li></ul>Moly  Mines  Limited<br />
Corporate Overview<br />
Spinifex Ridge Location<br />Broome<br />Major Road<br />Rail<br />Major Port<br />Gas Pipeline<br />Australia<br />I n d ...
Tenure<br />EL – Exploration Licence<br />Iron Ore Resource<br />1.5kms <br />5.3 Mt @ 59% Fe<br />Rockchip Sample <br />G...
Integrated Project Development Schedule<br />Iron Ore Project<br />Construction<br />Operations & “FOOS”<br />Fe Sales<br ...
Spinifex Ridge Iron Ore Project<br />
Spinifex Ridge Site Layout<br />Waste Dump<br />NORTH<br />Auton<br />Port Hedland (170kms)<br />Dalek<br />Gallifrey<br /...
Resource / Reserves & Permitting Status<br />50% Fe cut-off<br />Mining leases granted<br />Environmental approvals in pla...
Construction Near Complete<br />Haul roads established 		<br />Water pipelines laid		 <br />Camp procured 			<br />Mini...
Commencement of Mining<br />Moly  Mines  Limited<br />
Operations<br />Mining - BGC<br />Contracted<br />Mobilize mid September<br />Mining rate 1MT/A capable of immediate expan...
First ore shipment – December 2010</li></ul>Spinifex  Ridge  Iron  Ore  Project<br />
Sales<br />Offtake<br />Hanlong<br />Steel mills<br />Forecast Fe prices strong<br />CRU group forecast current spot price...
Spinifex Ridge Molybdenum Project<br />Transportation of mill sections, Perth <br />China  Information<br />
Molybdenum – a metal for our time<br /><ul><li>Prices
Found a floor at US$15.00/lb
Limited western world demand through GFC
China currently the dominant player and net importer
Limited global stocks
End 2008 and early 2009 price levels prove unsustainable as higher cost marginal produces in China withdraw from market
Demand
Global consumption 2009: 437M lb
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Derek Fisher: Opportunities in Western Australia (Day 2 - Session 5: Global Hotspots)

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Day 2- Session 5: Global Hotspots

Opportunities in Western Australia

Objective Capital Global Mining Investment Conference 2010
Stationers' Hall, City of London
28-29 September 2010
Speaker:
Derek Fisher - Moly Mines

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Derek Fisher: Opportunities in Western Australia (Day 2 - Session 5: Global Hotspots)

  1. 1. day 2 – session 5: Global hotspots (part 1)<br />Opportunities Western Australia Derek Fisher– CEO,Moly Mines<br />
  2. 2. GLOBAL MININGINVESTMENT CONFERENCE 2010<br />Lead sponsors:<br />Media partners:<br />Other sponsors & participating organisations:<br />
  3. 3. MOLY<br />MINES<br />LIMITED<br />An Opportunity -<br />Building Two Mines <br />Global Mining Investment Conference<br />28th - 29th September 2010<br />
  4. 4. Disclaimer<br />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.<br />
  5. 5. 500km<br />Australian Iron Ore Regions<br />Pilbara<br />Premier producing region<br />+ 350Mt in 2009<br />+600Mt in 2015<br />Numerous stranded deposits<br />Midwest<br />Emerging production region<br />Planned new port & rail development (Oakajee)<br />5Mt in 2009 (Geraldton)<br />~45Mt in 2015 (Oakajee & Geraldton)<br />Yilgarn<br />Exports through Esperance<br />Kwinana port redevelopment<br />8Mt in 2009 (Esperance)<br />~30Mt in 2015 (Esperance & Kwinana)<br />South Australia<br />Oldest production in Australia<br />Needs port & rail for expansion<br />Australia<br />Pilbara<br />Northern<br />Territory<br />Spinifex Ridge Mo<br />Queensland<br />Western <br />Australia<br />South <br />Australia<br />New South<br />Wales<br />Perth<br />Yilgarn<br />Victoria<br />South Australia<br />Midwest<br />Tasmania<br />
  6. 6. Pilbara Region – Western Australia<br />Deepwater Ports<br />Iron Ore Mines<br />Port Hedland <br />Cape Lambert<br />Dampier<br />BHP Billiton<br />Fortescue (FMG)<br />Rio Tinto<br />Atlas Iron<br />Citic Pacific<br />5<br />3<br />2<br />1<br />4<br />5<br />1<br />2<br />3<br />4<br />5<br />Port Hedland<br />4<br />Dampier<br />Anketell Point Port<br />Cape Preston <br />2<br />3<br />Karratha<br />Roebourne<br />6<br />Spinifex Ridge Mo<br />7<br />1<br />8<br />Iron Ore Projects<br />Marble Bar<br />9<br />Balmoral South<br />Cape Lambert<br />Balla Balla<br />Poondano<br />Ridley<br />Spinifex Ridge Iron<br />Abydos (Atlas Iron)<br />Wodgina<br />Abydos (Giralia)<br />Mt Webber<br />McPhee Creek<br />Nullagine<br />Roy Hill<br />Marillana<br />Phils Creek<br />FerrAus<br />Mindy Mindy<br />Hope Downs<br />Western Turner<br />Rocklea<br />Brockman 4<br />West Pilbara<br />Western Creek<br />Blacksmith Iron<br />Solomon Deposits<br />Western Hub Deposits<br />Daltons<br />1<br />14<br />10<br />27<br />11<br />Pannawonica<br />15<br />2<br />16<br />3<br />17<br />4<br />12<br />24<br />5<br />18<br />22<br />25<br />19<br />6<br />26<br />209<br />7<br />13<br />21<br />14<br />21<br />8<br />19<br />15<br />Tom Price<br />22<br />9<br />20<br />10<br />23<br />18<br /> Railway Lines<br />17<br />11<br />24<br />Paraburdoo<br />BHP<br />FMG<br />Rio Tinto<br />12<br />25<br />13<br />26<br />16<br />Newman<br />23<br />FMG (Proposed)<br />Hancock (Proposed)<br />API (Proposed)<br />27<br />50km<br />
  7. 7. Pilbara Region – Western Australia<br />Iron Ore Projects<br />Name<br />Owner<br />Resource (Mt)<br />Capacity (Mtpa)<br />Type<br />Balmoral South<br />Cape Lambert<br />Balla Balla<br />Poondano<br />Ridley<br />Spinifex Ridge Iron<br />Abydos (Atlas Iron)<br />Wodgina<br />Abydos (Giralia)<br />Mt Webber<br />McPhee Creek<br />Nullagine<br />Roy Hill<br />Marillana<br />Phils Creek<br />FerrAus<br />Mindy Mindy<br />Hope Downs<br />Western Turner<br />Rocklea<br />Brockman 4<br />West Pilbara<br />Western Creek<br />Blacksmith Iron<br />Solomon Deposits<br />Western Hub Deposits<br />Daltons<br />1600<br />1560<br />455.9<br />10<br />2010<br />7<br />22.7<br />42.7<br />40<br />44<br />52.1<br />89.1<br />2420<br />1630<br />15.1<br />191<br />-<br />1450<br />60<br />89<br />35<br />742<br />52.4<br />511<br />2450<br />-<br />40<br />12<br />15<br />6 – 10<br />1 - 2<br />15<br />1<br />3<br />2 – 3.6<br />3<br />3<br />-<br />3 - 5<br />55<br />15 – 25<br />1.5<br />10<br />-<br />30<br />-<br />10<br />-<br />30 - 40<br />-<br />-<br />60 – 160<br />-<br />2<br />M<br />M<br />M<br />H<br />M<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />-<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />H<br />1<br />5<br />3<br />2<br />1<br />4<br />5<br />Port Hedland<br />2<br />3<br />4<br />4<br />5<br />Dampier<br />2<br />3<br />6<br />Karratha<br />Roebourne<br />6<br />7<br />Spinifex Ridge Mo<br />8<br />7<br />9<br />1<br />8<br />Marble Bar<br />10<br />9<br />11<br />10<br />27<br />11<br />Pannawonica<br />12<br />13<br />14<br />15<br />12<br />24<br />16<br />22<br />25<br />17<br />26<br />18<br />13<br />19<br />21<br />14<br />19<br />209<br />15<br />Tom Price<br />20<br />21<br />18<br />22<br />17<br />Paraburdoo<br />23<br />24<br />25<br />16<br />Newman<br />23<br />26<br />50km<br />27<br />Deposit Type, M = Magnetite, H = Hematite<br />
  8. 8. Port Hedland - Overview<br /> Berths Wharfs - Existing<br />Name<br />Operator<br />Proposed Outer<br />Harbour Development<br />Finucane Island<br />PHPA1<br />PHPA3 - Dampier Salt <br />Nelson Point<br />Anderson Point<br />1<br />4<br />5<br />6<br />7<br />8<br />9<br />2<br />3<br />1<br />2<br />3<br />4<br />5<br />10<br />6<br />7<br />8<br />9<br />10<br />Public<br />1<br />Port Hedland<br />2<br />4<br /> Berths Wharfs - Existing<br />Name<br />Operator<br />Utah Point (Public)<br />Harriet Point – RGP5<br />Burgess Point - RGP6<br />South West Creek<br />FMG Extensions<br />Public<br />BHP Railway<br />3<br />FMG Ship Loading Conveyor<br />Wharfs Facility Handling Areas<br />BHP Railway<br />Northern<br />Name<br />Operator<br />BHP - Finucane Island<br />BHP – Nelson Point<br />FMG<br />Utah Point<br />1<br />Airport<br />2<br />Highway<br />FMG Railway<br />BHP Railway<br />3<br />Great<br />4<br />Public<br />South Hedland<br />
  9. 9. Port Hedland – Existing & Future Berths<br /> Berths Wharfs - Existing<br />Channel<br />Name<br />Operator<br />Finucane Island<br />PHPA1<br />PHPA3 - Dampier Salt <br />Nelson Point<br />Anderson Point<br />1<br />2<br />3<br />4<br />5<br />6<br />7<br />9<br />8<br />1<br />2<br />3<br />4<br />5<br />6<br />7<br />8<br />9<br />10<br />Public<br />Shipping<br />Port Hedland<br /> Berths - Under Construction<br />BHP Railway<br />Name<br />Operator<br />Utah Point<br />Harriet Point<br />Public<br /> Berths - Proposed<br />Name<br />Operator<br />Burgess Point<br />South West Creek<br />FMG Extensions<br />FMG Ship Loading Conveyor<br />BHP Railway<br />10<br />
  10. 10. Port Hedland – Port Infrastructure <br />Anderson Point FMG<br />Finucane Island<br />BHP<br />Nelson Point <br />BHP<br />
  11. 11. Port Hedland – Nelson Point (BHP)<br />
  12. 12. Company Overview – Building Two Mines <br />Spinifex Ridge Iron Ore Project<br />Construction near complete<br />Iron ore shipments commence Q4 2010<br />Strong project cashflows<br />Spinifex Ridge Molybdenum Project<br />US$500M Project Finance Loan Facility due 30 September 2010 (extension under review) to fund immediate construction<br />Funding secured through major strategic shareholder<br /><ul><li>Strategic partner cornerstone growth plans
  13. 13. Vision to build a major world class mining group
  14. 14. Hanlong Group US$5 billion investment pool</li></ul>Broome<br />Major Road<br />Rail<br />Major Port<br />Gas Pipeline<br />Australia<br />I n d i a n O c e a n<br />100kms<br />Port Hedland<br />Yarrie (Fe)<br />Dampier<br />Karratha<br />Spinifex Ridge<br />Marble Bar<br />Telfer<br />(Au, Cu)<br />Woodie Woodie<br />(Mn)<br />Nifty (Cu)<br />Tom Price (Fe)<br />Cloudbreak (Fe)<br />W e s t e r n<br />A u s t r a l i a<br />Paraburdoo (Fe)<br />Mt Newman (Fe)<br /> 1<br /> 1<br />95<br />
  15. 15. Sichuan Hanlong Group<br />Privately owned<br />Resource Interests – Zn, Mo, Cu, Coal, Au<br />Electricity production, infrastructure development, pharmaceutical production, food and alcoholic beverages, real estate development, environmental technology, tourism development and high tech industries<br />RMB 9.5 billion revenue 2008 (A$1.5 billion)<br />12,000 employees<br />Hanlong Vision<br />Moly Mines Limited<br /><ul><li>International Mining House
  16. 16. Major world Mo company</li></ul>Moly Mines Limited<br />
  17. 17. Corporate Overview<br />
  18. 18. Spinifex Ridge Location<br />Broome<br />Major Road<br />Rail<br />Major Port<br />Gas Pipeline<br />Australia<br />I n d i a n O c e a n<br />100kms<br />Port Hedland<br />Yarrie (Fe)<br />Dampier<br />Karratha<br />Spinifex Ridge<br />Moly Mines Limited<br />Marble Bar<br />Telfer<br />(Au, Cu)<br />Woodie Woodie<br />(Mn)<br />Nifty (Cu)<br />Tom Price (Fe)<br />Cloudbreak (Fe)<br />W e s t e r n<br />A u s t r a l i a<br />Paraburdoo (Fe)<br />Mt Newman (Fe)<br /> 1<br /> 1<br />95<br />
  19. 19. Tenure<br />EL – Exploration Licence<br />Iron Ore Resource<br />1.5kms <br />5.3 Mt @ 59% Fe<br />Rockchip Sample <br />Granite<br />GPL – General Purpose Lease<br />64.7% Fe<br />Granite<br />55.8% Fe<br />Basalt<br />59.2% Fe<br />60.2% Fe<br />Basalt<br />Iron Formation<br />Ultramafic<br />55.2% Fe<br />56.1% Fe<br />61.9% Fe<br />61.6% Fe<br />Iron Formation<br />61.4% Fe<br />Basalt<br />55.1% Fe<br />Basalt<br />Felsics<br />Molybdenum-Copper Resource<br />Basalt<br />652Mt @ 0.05% Mo, 0.08% Cu<br />Ultramafic<br />Granite<br />Basalt<br />ML – Mining Leases<br />Spinifex Ridge Iron Ore Project<br />
  20. 20. Integrated Project Development Schedule<br />Iron Ore Project<br />Construction<br />Operations & “FOOS”<br />Fe Sales<br />Moly Project<br />Hanlong Investment<br />US$500m Drawdown and Construction<br />Commissioning<br />Mo/Cu Sales<br />2010<br />2011<br />2012<br />2013<br />2014<br />
  21. 21. Spinifex Ridge Iron Ore Project<br />
  22. 22. Spinifex Ridge Site Layout<br />Waste Dump<br />NORTH<br />Auton<br />Port Hedland (170kms)<br />Dalek<br />Gallifrey<br />Spinifex Ridge<br />Molybdenum-Copper<br />Deposit (500m)<br />430m<br />Ramp down ridge<br />Ore Reserve<br />ROM Pad,<br />Crushing,<br />Ore Stockpile<br />4.3 Mt @ 59.2% Fe<br />Marble Bar(50kms)<br />Spinifex Ridge Iron Ore Project<br />
  23. 23. Resource / Reserves & Permitting Status<br />50% Fe cut-off<br />Mining leases granted<br />Environmental approvals in place<br />Mining proposal approved<br />Initial port access agreement in place<br />Spinifex Ridge Iron Ore Project<br />
  24. 24. Construction Near Complete<br />Haul roads established <br />Water pipelines laid <br />Camp procured <br />Mining contracted <br />Crushing/screening contracted <br />Plant commissioning – mid October<br />Capital cost: <$15M<br />Spinifex Ridge Iron Ore Project<br />
  25. 25. Commencement of Mining<br />Moly Mines Limited<br />
  26. 26. Operations<br />Mining - BGC<br />Contracted<br />Mobilize mid September<br />Mining rate 1MT/A capable of immediate expansion to 1.4MT/A<br />Crushing – Rapid Crushing<br />Contracted<br />Mobilize plant October<br />Haulage – near term award<br />First haulage mid November<br />Port – Utah Point, Port Hedland<br />Handover 6 November 2010<br /><ul><li>Life of mine operating cost FOB: US$47/T
  27. 27. First ore shipment – December 2010</li></ul>Spinifex Ridge Iron Ore Project<br />
  28. 28. Sales<br />Offtake<br />Hanlong<br />Steel mills<br />Forecast Fe prices strong<br />CRU group forecast current spot prices to remain firm through 2013/2014<br />Spot FOB price(1): US$129/T<br />Strong project cashflows support moly project development<br />(1) Platts IODEX 62% Fe CFR North China 3 September 2010, adjusted for capesize freight<br />Moly Mines stockpile area at Utah Point, Port Hedland<br />On track for handover 6 November 2010 <br />Spinifex Ridge Iron Ore Project<br />
  29. 29. Spinifex Ridge Molybdenum Project<br />Transportation of mill sections, Perth <br />China Information<br />
  30. 30. Molybdenum – a metal for our time<br /><ul><li>Prices
  31. 31. Found a floor at US$15.00/lb
  32. 32. Limited western world demand through GFC
  33. 33. China currently the dominant player and net importer
  34. 34. Limited global stocks
  35. 35. End 2008 and early 2009 price levels prove unsustainable as higher cost marginal produces in China withdraw from market
  36. 36. Demand
  37. 37. Global consumption 2009: 437M lb
  38. 38. Consumption grew at 8.2% 2002-2008 before contracting in 2009
  39. 39. Stainless steel
  40. 40. Energy applications</li></ul>Supply<br />No new supply sources – existing by-product producers at full capacity<br />The world needs new primary molybdenum mines<br />Large new mines need high molybdenum prices and strategic partners to be funded<br />
  41. 41. Low-Risk / Low Cost Open Pit Mining<br />Highlights<br />Conventional open pit<br />Pit design has been optimised to maximise grades early and to fit processing requirements<br />Favourable mining characteristics:<br />Deposit is porphyry with continuous mineralization<br />Minimal grade control or dilution issue – low grade halo de-risks mining<br />Minimal requirement for selective mining<br />Mining fleet based on conventional open-pit mining equipment:<br />Specified equipment or alternatives can be readily mobilised by contractors<br />Conventional comminution and flotation processing<br />Dry stack tailings – operational/environmental advantages<br />Australia<br />Port Hedland (170kms)<br />Fe Pits<br />Airstrip<br />Mo Camp <br />/ Village<br />Waste 1<br />Dry Stack Tailings<br />ROM<br />Waste 2<br />Tunnel<br />Plant &<br />Administration<br />High Grade<br />Stockpile<br />Mo Cu Pit<br />Pit<br />Low Grade<br />Stockpile<br />Creek Diversion<br />Channel<br />Waste 3<br />Pit Office/<br />Workshops<br />North<br />Spinifex Ridge Molybdenum Project<br />
  42. 42. Reserves and Mineral Resources<br />Relative Competitiveness<br /><ul><li>Top 5 primary molybdenum resource globally by contained metal
  43. 43. Mo Equiv. reserve grade is comparable to other western world primary molybdenum projects
  44. 44. Complemented by Iron Ore
  45. 45. Fully permitted ready to build</li></ul>First 10 yrs<br />0.10%<br />45 yr mine life<br />Note—Reserves are a sub-set of Resources<br />0.02% Mo cut-off assumed for resources<br />0.03% Mo cut-off assumed for reserves<br />Capacity for life extension & expansion<br />1 – Mo equivalent calculated on contained metal @ 4QCY09 average metal prices<br />Spinifex Ridge Molybdenum Project<br />
  46. 46. Phase 1 – Startup Project<br />10 Mtpa<br />Initial head-grade – 0.07% Mo, 0.11% Cu (1st 10 years)<br />12-13 Million lbs Mo per year<br />Utilizes large scale equipment purchased for 20 Mtpa plant<br />20 month construction period from full project funding<br />Capital cost - A$528M – A$558M (plus A$70M for power station if not financed by 3rd party)<br />Operating cost US$7.20/lb (1) (first 10 years – mine gate)<br />10 Mtpa Resource <br />Pit Shell<br />20Mtpa <br />Resource<br />Pit Shell<br />0.02% Mo Shell <br />0.09% Mo Shell<br />- High Grade Core<br />0.04% Mo Shell <br />(1) – At commercial production.<br />Source: NI43-101 Technical Report dated 25 August 2009<br />
  47. 47. Long Lead Equipment Orders Completed<br />Spinifex Ridge Molybdenum Project<br />
  48. 48. Economics – High and Low Case Scenarios<br /><ul><li>Financial analysis based on 20 Mtpa DFS and 10 Mtpa Scoping Study
  49. 49. Moly Mines believes long term molybdenum prices required to be > US$20/lb to support new primary mine development and meet projected supply shortfall</li></ul>Source: NI43-101 Technical Report dated 25 August 2009 adjusted for forward curves<br />
  50. 50. Mo and Fe Forecast Project Cashflows…..this decade<br />Mo cashflow continues<br />Mo production continues for 20+ years<br />Mo production starts<br />Fe production starts<br />
  51. 51. Experienced Team<br />Board of Directors<br />Mr. David Craig - Chairman<br />Mr. Michael Senft - Independent Non-Executive Director<br />An experienced businessman and lawyer, who has held and holds Executive and Board positions in the fields of law, financial services and the resources industry. Appointed as Chairman in 2009<br />Over 25 years investment banking experience having held senior executive roles with Merrill Lynch and UBS in New York and London.<br />Mr. David Nixon – Independent Non-Executive Director<br />Dr. Derek Fisher – CEO/Managing Director<br />A mechanical engineer with 40 years experience in the mining and construction industries in Southern Africa, Australia, New Zealand, Canada and Indonesia.<br />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.<br />Mr. Steven Xiao – Executive Director<br />Over 15 years experience in finance and investment working for globally recognised investment banks and financial organisations. <br />Skilled in capital utilisation and industry integration with extensive global M&A experience. <br />Mr. Liu Han – Non-Executive Director<br />Over the past 10 years Mr. Liu has built the Sichuan Hanlong Group into a modern and international company . He is well known fort his philanthropic work and has been awarded national recognition. Mr. Liu was named one of the 10 most influential people on the economy of Sichuan in the past 30 years. <br />Mr. Andy Zhmurovsky – Non-Executive Director<br />Holds a Bachelor of Business Administration with Honors from the University of Texas at Austin. Mr. Zhmurovsky is the Senior Vice President within the Energy and Infrastructure Group at TCW.<br />Mr. Sun Xiaodong – Non-Executive Director<br />A experienced executive with responsibility for a broad portfolio of companies including mining, infrastructure, LPG, pharmaceuticals and property development.<br />Mr. Nelson Chen – Alternate Non-Executive Director<br />Mr. Liu has appointed Mr. Chen as his alternate director. Mr Chen holds postgraduate degrees in finance and accounting and is fully bilingual. He brings with him extensive cross cultural professional experience.<br />Moly Mines Limited<br />
  52. 52. Experienced Team – Management<br />Key Managers<br />Mr. Collis Thorp – Chief Operating Officer<br />Mr. David Pass –Manager Metallurgy<br />David holds a Bachelor of Science and a double major: Extractive Metallurgy and Chemistry from Murdoch University, Western Australia and hasover 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. <br />40 years mining experience, having operated and managed open-pit and underground mines in Australia and internationally. Experience covers precious, base and specialty metal operations, including gold, tin, tungsten, titanium and zircon.<br />Mr. Graeme Kininmonth –Manager Health & Safety and Environment<br />Mr. Andrew Worland – Company Secretary , General Manager Commercial & Marketing<br />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. <br />Andrew is a qualified accountant with a Bachelor of Commerce (Accounting and Finance) from the University of Western Australia. Over 16 years corporate, finance and company secretarial experience in the resources industry commencing with Arthur Andersen Chartered Accountants and spending the last 12 years in senior management positions within mining houses.<br />Mrs. Barbara Kwiecien –Manager Land Administration<br />Mr. John McEvoy – Chief Financial Officer<br />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. <br />John is a Chartered Accountant and holds a Bachelor of Science Honours in Mathematics with Applications from Southampton University. John has held mine accountant, commercial manager roles and financial controller roles since 1989 and has held CFO or Company Secretary roles for Australian and AIM listed companies since 2004. Previously held positions with Barrick Gold, Wiluna Mines & Cable Sands. <br />Mr. Mike Gloyne – General Manager Operations<br />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. <br />Ms. Xu Chuanmei<br />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.<br />Moly Mines Limited<br />
  53. 53. Competence and Responsibility<br /> 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.<br />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.<br />Moly Mines Limited<br />
  54. 54. 50 Kings Park Rd, West Perth, WA, 6005, AUSTRALIA<br />Telephone: +61 8 9429 3300 Fax: +61 8 9429 3399<br />Telephone: +1 416 371 7541 <br />Email: info@molymines.com<br />Website: http://www.molymines.com<br />Stock market codes: ASX: MOL, TSX: MOL, FWB: HJ1<br />Moly Mines Contact Details<br />
  55. 55. GLOBAL MININGINVESTMENT CONFERENCE 2010<br />Lead sponsors:<br />Media partners:<br />Other sponsors & participating organisations:<br />

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