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Investment Conferences

GLOBAL MINING
INVESTMENT CONFERENCE 2010

DAY 2 – SESSION 5: GLOBAL HOTSPOTS (PART 1)
       Opportunities Western Australia
       Derek Fisher – CEO, Moly Mines

       Opportunities in Quebec
       Brad Kitchen – CEO, Eagle Hill Exploration

       Opportunities in Ontario
       Stefan Wozniak – Exploration Manager, White Tiger Mining

       Opportunities in Ghana
       Dr John Clarke – Director, PMI Gold


                 ● CITY OF LONDON ● TUESDAY-WEDNESDAY, 28-29 SEP 2010
  STATIONERS’ HALL
  www.ObjectiveCapitalConferences.com
GLOBAL MINING
INVESTMENT CONFERENCE 2010

Lead sponsors:


 Media partners:

 Other sponsors & participating organisations:
MOLY
                                          MINES
    MOLY                              3   LIMITED


    MINES
    LIMITED



An Opportunity -
Building Two Mines
          Global Mining Investment Conference
                     28th - 29th September 2010
MOLY
Disclaimer                                                                                                                  MINES
                                                                                                                    4       LIMITED

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.
MOLY
 Australian Iron Ore Regions                                                                      MINES
                                                                                         5        LIMITED
                                                     Australia      Pilbara
                                                           500km          Premier producing region
        Pilbara                                                           + 350Mt in 2009
                                                                          +600Mt in 2015
                              Northern
                              Territory                                   Numerous stranded deposits

                                                                    Midwest
                  Spinifex   Ridge   Mo
                                                                          Emerging production region
                                                                          Planned new port & rail
                                              Queensland                   development (Oakajee)
           Western                                                        5Mt in 2009 (Geraldton)
           Australia              South                                   ~45Mt in 2015 (Oakajee &
                                 Australia                                 Geraldton)

                                               New South            Yilgarn
Perth                                            Wales                    Exports through Esperance
                                                                          Kwinana port redevelopment
                   Yilgarn                                                8Mt in 2009 (Esperance)
                                             Victoria                     ~30Mt in 2015 (Esperance &
  Midwest              South Australia                                     Kwinana)

                                                                    South Australia
                                                                          Oldest production in Australia
                                          Tasmania
                                                                          Needs port & rail for expansion
MOLY
        Pilbara Region – Western Australia                                                                                                                                              MINES
                                                                                                                                                                             6          LIMITED
                                                                                                                                       Iron Ore Mines                    Deepwater Ports
                                                                                                                                                   BHP Billiton          1    Port Hedland
                                                                                            5
                                                                Port Hedland   1
                                                                                                                                                   Fortescue (FMG)       2    Cape Lambert

                                                                                   4                                                               Rio Tinto             3    Dampier
                         3        4    2
        D a mp ie r
                                  2                                                                                                                Atlas Iron            4    Anketell Point Port
             K a rra t h a                                3
    5                                 R o e b our ne
                                                                                            Spinifex Ridge Mo
                                                                                                                         6                         Citic Pacific         5    Cape Preston

                                                                                                7
1                                                                              8
                                                                                                     M a r bl e B a r                  Iron Ore Projects
                                                                                       9
 Pa n nawonica                                                                             27 10                             11
                                                                                                                                              1    Balmoral South            14   Marillana
                                                                                                                                              2    Cape Lambert              15   Phils Creek
                                                                                                                                              3    Balla Balla               16   FerrAus
                                                                                                                                              4    Poondano                  17   Mindy Mindy
                                                24                                                                 12
        22
                                                                                                                                              5    Ridley                    18   Hope Downs
                                                          25
                                                                                                                                              6    Spinifex Ridge Iron       19   Western Turner
                    26
                                                                                                                                              7    Abydos (Atlas Iron)       20   Rocklea
                                                                                                                        13                                                    9
                                      21
                                                     19                                         14                                            8    Wodgina                   21   Brockman 4
                                                              T o m P ri c e                15
                                                                                                                                              9    Abydos (Giralia)          22   West Pilbara
                                           20
Railway Lines
                                                                                           18                                                 10   Mt Webber                 23   Western Creek
                                                                                                      17
             BHP
                                       Pa ra burdoo                                                                                           11   McPhee Creek              24   Blacksmith Iron
             FMG
             Rio Tinto                                                                                                                        12   Nullagine                 25   Solomon Deposits
             FMG (Proposed)                                                                                                                   13   Roy Hill                  26   Western Hub Deposits
             Hancock (Proposed)                                                                        23       N e wma n         16

                                           50km                                                                                                                              27   Daltons
             API (Proposed)
MOLY
        Pilbara Region – Western Australia                                                                                                                                                       MINES
                                                                                                                                                                                  7              LIMITED
                                                                                                                                          Iron Ore Projects
                                                                                                                                                Name                   Owner      Resource (Mt) Capacity (Mtpa)   Type
                                                                                                                                           1    Balmoral South                      1600          12               M
                                                                                               5
                                                           P o rt H e d l a n d   1                                                        2    Cape Lambert                        1560          15               M
                                                                                                                                           3    Balla Balla                         455.9         6 – 10           M
                                                                                      4                                                    4    Poondano                            10            1-2              H
                         3   4    2
        D a mp ie r                                                                                                                        5    Ridley                              2010          15               M
                             2
             K a rra t h a                           3                                                                                     6    Spinifex Ridge Iron                 7             1                H
    5                            R o e b our ne
                                                                                               Spinifex Ridge Mo
                                                                                                                            6              7    Abydos (Atlas Iron)                 22.7          3                H
                                                                                                                                           8    Wodgina                             42.7          2 – 3.6          H
                                                                                                   7
1                                                                                 8                                                        9    Abydos (Giralia)                    40            3                H
                                                                                                        M a r bl e B a r
                                                                                                                                          10    Mt Webber                           44            3                H
                                                                                          9                                               11    McPhee Creek                        52.1          -                H
Pa n nawonica                                                                                 27 10                             11        12    Nullagine                           89.1          3-5              H
                                                                                                                                          13    Roy Hill                            2420          55               H
                                                                                                                                           14   Marillana                           1630          15 – 25          H
                                                                                                                                           15   Phils Creek                         15.1          1.5              H
                                           24                                                                         12
                                                                                                                                           16   FerrAus                             191           10               H
        22                                           25
                                                                                                                                           17   Mindy Mindy                         -             -                -
                    26
                                                                                                                                           18   Hope Downs                          1450          30               H

                                 21                                                                                        13              19   Western Turner                      60            -                H
                                                19                                                 14
                                                         T o m P ri c e                        15                                          20   Rocklea                             89            10               H
                                      20                                                                                                    9
                                                                                                                                           21   Brockman 4                          35            -                H
                                                                                              18         17                                22   West Pilbara                        742           30 - 40          H
                                  Pa ra burdoo                                                                                             23   Western Creek                       52.4          -                H
                                                                                                                                           24   Blacksmith Iron                     511           -                H
                                                                                                                                           25   Solomon Deposits                    2450          60 – 160         H
                                                                                                          23       N e wma n         16
                                                                                                                                           26   Western Hub Deposits                -             -                H
        50km
                                                                                                                                           27   Daltons                             40            2                H

                                                                                                                                                                        Deposit Type, M = Magnetite, H = Hematite
MOLY
  Port Hedland - Overview                                                                                        MINES
                                                                                                      8          LIMITED
                                                                        Berths  Wharfs - Existing
                                                                                Name                      Operator
Proposed Outer
                                                                           1    Finucane Island
Harbour Development
                                                                           2    PHPA1                                Public

                                                                           3    PHPA3 - Dampier Salt

                      1                                                    4    Nelson Point
                              1                Port Hedland
                                      2                                    5    Anderson Point
                              6       3
                                                   2
                                  7       4
                          4
                                               8
                                                                        Berths  Wharfs - Existing
                              9       5                                         Name                      Operator
                                          10
                                                                           6    Utah Point (Public)                  Public

                                                                           7    Harriet Point – RGP5

                          3                                                8    Burgess Point - RGP6

                                                                           9    South West Creek

                                                                           10   FMG Extensions


                                                                        Wharfs Facility Handling Areas
                                                                                Name                      Operator

                                                                           1    BHP - Finucane Island

                                                                           2    BHP – Nelson Point

                                                                           3    FMG

                                                                           4    Utah Point                           Public
                                                        South Hedland
MOLY
Port Hedland – Existing & Future Berths                                             MINES
                                                                              9     LIMITED
                                                       Berths  Wharfs - Existing
                                                            Name                   Operator

                                                        1   Finucane Island

                                                        2   PHPA1                       Public

                                                        3   PHPA3 - Dampier Salt

                                                        4   Nelson Point
           1                            Port Hedland    5   Anderson Point
                       2

               6           3
                                                       Berths - Under Construction
                                    4
                                                            Name                   Operator
                   7
                                        8               6   Utah Point                  Public
                           5                            7   Harriet Point
           9


                               10
                                                       Berths - Proposed
                                                            Name                   Operator

                                                        8   Burgess Point

                                                        9   South West Creek

                                                       10   FMG Extensions
MOLY
Port Hedland – Port Infrastructure                     MINES
                                                 10    LIMITED




      Anderson Point
          FMG



                                     Finucane Island
                                          BHP




            Nelson Point
                BHP
MOLY
Port Hedland – Nelson Point (BHP)        MINES
                                    11   LIMITED
MOLY
 Company Overview – Building Two Mines                                                                                         MINES
                                                                                                              12               LIMITED

 Spinifex Ridge Iron Ore Project                                              Major Road
                                                                               Rail
                                                                                                                      Broome




    Construction near complete
                                                     Australia                 Major Port
                                                                                                                           1
                                                                               Gas Pipeline



    Iron ore shipments commence Q4
                                                 100kms

                                                                    Port Hedland

     2010                                       Dampier                                               Yarrie (Fe)

                                                       Karratha
                                                                                                       Spinifex Ridge
    Strong project cashflows                                         1
                                                                               Marble Bar
                                                                                                                                Telfer
                                                                                                                               (Au, Cu)


 Spinifex Ridge Molybdenum Project
                                                                                                     Woodie
                                                                                                     Woodie
                                                                                                                    Nifty (Cu)
                                                                                                     (Mn)
                                                   Tom Price (Fe)                           Cloudbreak (Fe)

    US$500M Project Finance Loan Facility
                                                                               95
                                                                                                                    Western
                                               Paraburdoo (Fe)                                                      Australia

     due 30 September 2010 (extension                                                           Mt Newman (Fe)


     under review) to fund immediate          Strategic partner cornerstone
     construction
                                               growth plans
    Funding     secured through    major
     strategic shareholder                         Vision to build a major world class
                                                       mining group
                                                   Hanlong       Group                                 US$5                   billion
                                                       investment pool
MOLY
Sichuan Hanlong Group                                                          MINES
                                                                       13      LIMITED

 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


  Hanlong Vision
  Moly Mines Limited                               International Mining House
                                                   Major world Mo company
                                                                       Moly Mines Limited
MOLY
Corporate Overview                                                         MINES
                                                                   14      LIMITED
Capital Structure at 30 June 2010            Shareholders

ASX/TSX Ticker                        MOL    Hanlong Group              56.9%

Market Cap                          A$250M   Australian Register        31.9%

Ordinary Shares                     363.9M   Canadian Register          11.2%

Unlisted Options                     79.2M   Unlisted Options

Cash                                A$58M    Hanlong Group              35.5M

Surplus Assets                      A$30M    TCW                        23.8M

                                             Institutions               14.0M
10 Year Shareholder Loan            US$60M
                                             Employees                  5.9M
MOLY
Spinifex Ridge Location                                                                                                                     MINES
                                                                                                                                    15      LIMITED

                                                                                                                  Broome
                                                       Major Road


                                                       Rail
                 Australia
                                                       Major Port
                                                                                                                  1



                                                       Gas Pipeline

           100kms




                                       Port Hedland
                                                                                          Yarrie (Fe)

          Dampier
                    Karratha
                                                                                           Spinifex Ridge
                                       1


                                                               Marble Bar

                                                                                                                          Telfer
                                                                                         Woodie Woodie                   (Au, Cu)
                                                                                         (Mn)
                                                                                                            Nifty (Cu)



                      Tom Price (Fe)
                                                                       Cloudbreak (Fe)
                                                      95
                                                                                                         Western
                                                                                                         Australia
        Paraburdoo (Fe)


                                                                            Mt Newman (Fe)




                                                                                                                                    Moly Mines Limited
MOLY
Tenure                                                                                                                                    MINES
                                                                                                                              16          LIMITED
EL – Exploration Licence
                                                                         Iron Ore Resource                               1.5kms


                                                                        5.3 Mt @ 59% Fe                                  Rockchip Sample

                                                                                                    Granite
                           GPL – General Purpose Lease


                                                                                                              64.7% Fe
                                    Granite
                                                                                               55.8% Fe             Basalt
                                                                    59.2% Fe
                                                                                             60.2% Fe                                               Basalt
                                                                                                                   Iron Formation



                                                                                                                             Ultramafic
          55.2% Fe

       56.1% Fe                                                      61.9% Fe                61.6% Fe
                                                         61.4% Fe                                                                          Basalt

                                                                                               55.1% Fe
     Basalt
                                                     Felsics




                                          Basalt
                                                                                                        Molybdenum-Copper Resource

                                                                                                    652Mt @ 0.05% Mo, 0.08% Cu

                                                    Ultramafic


              Basalt                                                                                               Granite
                                                                                       ML – Mining Leases




                                                                                                              Spinifex Ridge Iron Ore Project
MOLY
Integrated Project Development Schedule                           MINES
                                                      17          LIMITED
     Iron Ore Project
          Construction

   Operations & “FOOS”


               Fe Sales


         Moly Project

    Hanlong Investment

US$500m Drawdown and
          Construction


        Commissioning


           Mo/Cu Sales




                          2010   2011   2012   2013        2014
MOLY
                              MINES
                         18   LIMITED




Spinifex Ridge Iron Ore Project
MOLY
Spinifex Ridge Site Layout                                                         MINES
                                                                          19       LIMITED



                                                                      Waste Dump
                               NORTH
                                           Auton
   Port Hedland (170kms)
                                                                                   Dalek



                 Gallifrey
                                                                      Spinifex Ridge
                                                                      Molybdenum-Copper
                                                                      Deposit (500m)




               ROM Pad,
                                                               Ore Reserve
               Crushing,
               Ore Stockpile                               4.3 Mt @ 59.2% Fe
                                       Marble Bar(50kms)




                                                               Spinifex Ridge Iron Ore Project
MOLY
Resource / Reserves & Permitting Status                                           MINES
                                                                         20       LIMITED


                                     Fe    SiO2   Al2O3        P         S           LOI
Resource                  tonnes
                                    (%)     (%)      (%)     (%)     (PPM)           (%)

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


                                      Fe   SiO2   Al2O3        P          S          LOI
Reserve                    tonnes
                                     (%)    (%)      (%)     (%)      (PPM)          (%)

Proven                  4,334,000   59.2    8.0      1.8    0.13        122           4.9



      Mining leases granted
      Environmental approvals in place
      Mining proposal approved
      Initial port access agreement in place

                                                              Spinifex Ridge Iron Ore Project
MOLY
Construction Near Complete                                  MINES
                                                   21       LIMITED

   Haul roads established          
   Water pipelines laid            
   Camp procured                   
   Mining contracted 
   Crushing/screening contracted   
   Plant commissioning – mid October
   Capital cost: <$15M




                                        Spinifex Ridge Iron Ore Project
MOLY
Commencement of Mining           MINES
                         22      LIMITED




                         Moly Mines Limited
MOLY
Operations                                                                                                           MINES
                                                                                                         23          LIMITED

 Mining - BGC                         70


    Contracted                        60

                                       50

    Mobilize mid September            40


    Mining rate 1MT/A capable of      30


      immediate expansion to 1.4MT/A   20

                                       10

 Crushing – Rapid Crushing             0
                                             2010   2011            2012          2013            2014        2015
    Contracted                                            Operating Cost Mine Gate US$/T - FOB


    Mobilize plant October
                                        Life of mine operating cost FOB:
 Haulage – near term award                 US$47/T
    First haulage mid November
                                        First ore shipment – December
 Port – Utah Point, Port Hedland           2010
    Handover 6 November 2010
                                                                                      Spinifex Ridge Iron Ore Project
MOLY
Sales                                                                                              MINES
                                                                                          24       LIMITED

 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
                                                    Moly Mines stockpile area at Utah Point, Port Hedland
 Strong project cashflows support                               On track for handover 6 November 2010
    moly project development
(1) Platts IODEX 62% Fe CFR North China 3
    September 2010, adjusted for capesize freight


                                                                               Spinifex Ridge Iron Ore Project
MOLY
                                                 MINES
                                        25       LIMITED




Spinifex Ridge Molybdenum Project
                       Transportation of mill sections, Perth
                                          China Information
Molybdenum – a metal for our time                                                            MOLY
                                                                                             MINES
                                                                                        26   LIMITED
 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                                      Supply
 Demand                                             No new supply sources – existing by-product
                                                      producers at full capacity
    Global consumption 2009: 437M lb
                                                     The world needs new primary molybdenum mines
    Consumption grew at 8.2% 2002-2008
      before contracting in 2009                     Large new mines need high molybdenum prices and
                                                      strategic partners to be funded
    Stainless steel
    Energy applications
MOLY
Low-Risk / Low Cost Open Pit Mining                                                                                             MINES
                                                                                                                     27         LIMITED

                                                                                          Highlights
                                                                                             Conventional open pit
  Australia                                                                                  Pit design has been optimised to
                                                                                              maximise grades early and to fit
                                        Port Hedland (170kms)                                 processing requirements

                             Fe Pits                                     Airstrip            Favourable mining characteristics:
                                        Mo Camp
                                        / Village                                                  Deposit is porphyry with continuous
                                                                                                    mineralization
         Waste 1                           ROM                       Dry Stack Tailings
                                                                                                   Minimal grade control or dilution issue –
              Waste 2                                                                               low grade halo de-risks mining

                        High Grade                                  Plant &                        Minimal requirement for selective
                         Stockpile                                  Administration                  mining
                                               Mo  Cu Pit
                                                      Pit
       Low Grade
                                                                                             Mining fleet based on conventional
        Stockpile                                                                             open-pit mining equipment:

                                                                Creek Diversion                    Specified equipment or alternatives can
                              Waste 3                                                               be readily mobilised by contractors
                                                                Channel
                                                                                             Conventional comminution and
                                                                Pit Office/                   flotation processing
                                                                Workshops
                                                                                             Dry stack tailings –
                                                                                              operational/environmental advantages
                                                                                                   Spinifex Ridge Molybdenum Project
MOLY
Reserves and Mineral Resources                                                                                      MINES
                                                                                                       28           LIMITED

  Reserves                                                                   Relative Competitiveness
  JORC / NI43-101
                               Mt     Mo%      Cu%      Ag g/t    MoEq%1      Top 5 primary molybdenum
  classification                                                                  resource globally by
  Proven reserves         199.7       0.06     0.10         1.5      0.09         contained metal
                                                                              Mo Equiv. reserve grade is
  Probable reserves       251.1       0.04     0.07         1.1      0.06
                                                                                  comparable to other
  TOTAL                   450.8       0.05    0.08        1.3        0.07         western world primary
                                                                                  molybdenum projects
                                                      First 10 yrs
  Resources 45 yr mine life                              0.10%                Complemented by Iron Ore
  JORC / NI43-101                                                             Fully permitted ready to
                                Mt    Mo%      Cu%      Ag g/t    MoEq%           build
  classification

  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
                                                                               Note—Reserves are a sub-set of Resources
  Inferred resources          399.0   0.04     0.07         1.1       0.06     0.02% Mo cut-off assumed for resources
                                                                               0.03% Mo cut-off assumed for reserves
                                        Capacity for life
                                         extension &                           1 – Mo equivalent calculated on contained metal @
                                                                               4QCY09 average metal prices
                                          expansion
                                                                               Spinifex Ridge Molybdenum Project
MOLY
  Phase 1 – Startup Project                                                                               MINES
                                                                                                   29     LIMITED

   10 Mtpa                                                                    10 Mtpa Resource
                                                                               Pit Shell
   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                                           20Mtpa
                                                                                                         Resource
                                                                               0.02% Mo Shell            Pit Shell
   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)


                                                                               0.09% Mo Shell
                                                                               - High Grade Core    0.04% Mo Shell
                                             (1) – At commercial production.

Source: NI43-101 Technical Report dated 25 August 2009
MOLY
Long Lead Equipment Orders Completed                          MINES
                                                     30       LIMITED




                                       Spinifex Ridge Molybdenum Project
MOLY
  Economics – High and Low Case Scenarios                                                                       MINES
                                                                                                       31       LIMITED
   10 Mtpa Case
                                                                                                     Pre-tax IRR (nominal
   Price Scenario                                           EBITDA (A$M)        Pre-tax NPV (A$M)
                                                                                                               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)
                                                                                                     Pre-tax IRR (nominal
   Price Scenario                                           EBITDA (A$M)         Pre-tax NPV (A$M)
                                                                                                               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
Mo and Fe Forecast Project Cashflows…..this                                                                        MOLY
                                                                                                                   MINES
decade                                                                                                 32          LIMITED
                                                                   Mo cashflow continues
   25                                                                                                       450
          Production (Mlb's/T's)                                           Operating Cash Flow (A$M)
                                                                                                            400

   20                                                                                                       350
              Mo Production (Ib)
              Fe Production (Tonnes)                                                                        300
              Annual Operating Cash Flow (A$)
   15                                                                                                       250

                                                                                                            200

   10                                                                                                       150

                                                                                                            100

    5                                                                                                       50

                                                                                                            0

    0                                                                                                       (50)



                                                              Mo production continues
                                                              for 20+ years

  Fe production starts                 Mo production starts
MOLY
Experienced Team                                                                                                                                   MINES
                                                                                                                                     33            LIMITED
Board of Directors
          Mr. David Craig - Chairman                                               Mr. Michael Senft - Independent Non-Executive Director
         An experienced businessman and lawyer, who has held and                   Over 25 years investment banking experience having held senior
         holds Executive and Board positions in the fields of law, financial       executive roles with Merrill Lynch and UBS in New York and
         services and the resources industry. Appointed as Chairman in             London.
         2009
                                                                                   Mr. David Nixon – Independent Non-Executive Director
         Dr. Derek Fisher – CEO/Managing Director
                                                                                   A mechanical engineer with 40 years experience in the
         Over 40 years of worldwide experience in the resource industry,           mining and construction industries in Southern Africa,
         more than 20 years experience as a manager of publicly listed             Australia, New Zealand, Canada and Indonesia.
         resource companies, in addition to serving as a director of mining
         companies that developed mines in Australia, Mongolia, Armenia
         and the DRC.                                                              Mr. Steven Xiao – Executive Director
                                                                                   Over 15 years experience in finance and investment working for globally
         Mr. Liu Han – Non-Executive Director                                      recognised investment banks and financial organisations.

                                                                                   Skilled in capital utilisation and industry integration with extensive global
         Over the past 10 years Mr. Liu has built the Sichuan Hanlong Group into
                                                                                   M&A experience.
         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         Mr. Andy Zhmurovsky – Non-Executive Director
         Sichuan in the past 30 years.
                                                                                   Holds a Bachelor of Business Administration with Honors from the
          Mr. Sun Xiaodong – Non-Executive Director                                University of Texas at Austin. Mr. Zhmurovsky is the Senior Vice
                                                                                   President within the Energy and Infrastructure Group at TCW.
         A experienced executive with responsibility for a broad portfolio
         of companies      including   mining,    infrastructure,   LPG,           Mr. Nelson Chen – Alternate Non-Executive Director
         pharmaceuticals and property development.
                                                                                   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.


                                                                                                                                     Moly Mines Limited
MOLY
Experienced Team – Management                                                                                                                                             MINES
                                                                                                                                                          34              LIMITED
Key Managers

         Mr. Collis Thorp – Chief Operating Officer                                              Mr. David Pass –Manager Metallurgy
        40 years mining experience, having operated and managed open-pit and underground         David holds a Bachelor of Science and a double major: Extractive Metallurgy and
        mines in Australia and internationally. Experience covers precious, base and specialty   Chemistry from Murdoch University, Western Australia and has over 25 years hard
        metal operations, including gold, tin, tungsten, titanium and zircon.                    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.



         Mr. Mike Gloyne – General Manager Operations
                                                                                                  Mr. Graeme Kininmonth –Manager Health & Safety and
         Mike holds a Bachelor of Science, Mining Engineering, University of Newcastle Upon
         Tyne, England, a WA Unrestricted Quarry Managers Certificate and a Northern Territory    Environment
         Mine Managers Certificate. Over 30 years of mine management and operations
         experience in iron ore, manganese and gold for companies including Hamersley Iron        Graeme holds a Bachelor of Science from Australian National University and has over
         (now Rio Tinto) and Dominion Mining. Over 10 years in executive management               30 years experience including management of project approvals processes in senior
         positions with major mining contractors such as Henry Walker, Boral and Brambles.        environmental and site management positions for Straits Resource ,Sons of Gwalia
                                                                                                  and Cable Sands.




         Mr. John McEvoy – Chief Financial Officer                                                Mrs. Barbara Kwiecien –Manager Land Administration
         John is a Chartered Accountant and holds a Bachelor of Science Honours in
         Mathematics with Applications from Southampton University. John has held mine             28 years of international experience within land and tenure administration and
         accountant, commercial manager roles and financial controller roles since 1989 and        land access negotiations. An accredited mediator, she has facilitated her work
                                                                                                   internationally, specifically with indigenous people.
         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.




         Mr. Andrew Worland – Company Secretary , General                                         Ms. Xu Chuanmei
         Manager Commercial & Marketing
                                                                                                   MA Degree from China University of Geosciences. Ms Xu has extensive
        Andrew is a qualified accountant with a Bachelor of Commerce (Accounting and
                                                                                                   experience working with Chinese and international resource sectors, and is highly
        Finance) from the University of Western Australia. Over 16 years corporate, finance
                                                                                                   skillful in intercultural communications and negotiations. She also specialises in
        and company secretarial experience in the resources industry commencing with Arthur
                                                                                                   international trade and marketing.
        Andersen Chartered Accountants        and spending the last 12 years in senior
        management positions within mining houses.




                                                                                                                                                          Moly Mines Limited
MOLY
Competence and Responsibility                                                                                                                 MINES
                                                                                                                                   35         LIMITED
Molybdenum Copper
The 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.
Iron Ore
The 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.
                                                                                                                                   Moly Mines Limited
MOLY
                                                         MINES
                                                    36   LIMITED



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:          info@molymines.com
          Website:
               http://www.molymines.com
          Stock market codes:        ASX: MOL,
             TSX: MOL, FWB: HJ1




        Moly Mines Contact Details
GLOBAL MINING
INVESTMENT CONFERENCE 2010

Lead sponsors:


 Media partners:

 Other sponsors & participating organisations:
Eagle Hill Exploration Corp.

WINDFALL LAKE PROPERTY, QUEBEC
BULK TONNAGE GOLD EXPLORATION

       SEPTEMBER 2010
FORWARD LOOKING STATEMENTS

   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 that
   Eagle Hill Exploration Inc. expects to occur, are forward-looking statements.

   Forward-looking statements are statements that are not historical facts and are generally, but not
   always 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-looking
   statements are based on reasonable assumptions, such statements are not guarantees of future
   performance and actual results may differ materially from those in the forward-looking
   statements. 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 or
   regulatory approvals, and general economic market or business conditions. statements.

   Forward-looking statements are based on the beliefs, estimates and opinions of Eagle Hill’s
   management on the date the statements are made.




                                                                                                           3
EAGLE HILL EXPLORATION CORP.

                  Presentation Agenda:

                • Corporate Information
             • Windfall’s Exploration History
             • Eagle Hill’s Recent Exploration
                    • Project Status
                      • Next Steps




                                                 4
EAGLE HILL EXPLORATION CORP.


              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
EAGLE HILL EXPLORATION CORP.

  • Gold exploration in Quebec – top ranked jurisdiction
    globally for mining and exploration
  • Bulk tonnage gold mineralization in multiple zones
  • Gold zones open in several directions
  • Currently 5 large gold zones systematically being
    developed
  • 16,000 meters of drilling completed in last 8 months
  • Aggressive exploration continues – next two drill
    programs planned



                                                           6
EAGLE HILL EXPLORATION CORP.
                          Board of Directors:
  Brad Kitchen, President and Chief Executive Officer
  Richard Nemis, Director (Former President of Noront Resources Ltd.)
  John Harvey, Director (Former Chief Operating Officer of Noront
  Resources Ltd.)
  Gerald Ruth, Director (Previous Head of TSX Listings)
  Andre C. Tessier, Director (President of Murgor Resources Inc.)
  Cale Thomas, Chief Financial Officer and Director
  Amandeep Rai, Corporate Secretary



                                                                        7
EAGLE HILL EXPLORATION CORP.
                            Geological Team
  EXPLORATION
      •Dr. Jean-Philippe Desrochers, P.Geo.
      •Neil W. Richardson, P.Geo.
      •Andre C. Tessier, P.Geo., P.Eng.


  TECHNICAL ADVISORS
     •Mackenzie I. Watson, P.Eng.
     •Wes Roberts, P.Eng.
     •Ian Chisholm, P.Geo
     •Terry Schorn, P.Geo.
     •Peter Vamos, P. Geo.
     •Robert Bryce, Ing.


                                              8
EAGLE HILL EXPLORATION CORP.




  • Canadian gold exploration
    Company with advanced-
    stage gold property:
     - Windfall Lake Propety
        near Val d’Or, Quebec
        (acquired from Noront,
        Freewest and Murgor).




                                 9
EAGLE HILL EXPLORATION CORP.: Claim Map




                                          10
EAGLE HILL EXPLORATION CORP.


             Prior to Eagle Hill Acquisition in September 2009:
  •Over $25 million spent on the property by previous developers
  •Excellent infrastructure
  •331 holes drilled
  •1,453 meter underground ramp
  •58 person operating camp




                                                                   11
EAGLE HILL EXPLORATION CORP.
                          Results:

 • October 2009 – Company initiates exploration data
   interpretation
 • 16,000 metres of drilling
 • 3 surface and borehole geophysical surveys

  Narrow veins        Large mineralized zones
  High grade                 Lower grade
  Discontinuous              Continuous




                                                       12
EAGLE HILL EXPLORATION CORP.: New Assays

                               Historical Values (never released)
                                                Length         Au (g/t)      Au (g/t)
      Hole Number   From (m)        To (m)
                                                (m)            (uncut)     Cut to 15g/t
      NOT-04-27     381.20          415.75      34.55               3.90      3.42

      NOT-05-73     351.45          368.75      17.30           39.94         2.08

      NOT-05-82     310.80          331.70      20.90               9.51      2.03

      NOT-05-83     224.10          235.35      11.25               3.63      3.13

                       New Assay Values (drilled but untested core)

      NOT-07-115        237.00         238.00   1.00           64.20          Uncut

      NOT-07-157        237.65         259.00   21.35           5.95          3.60

      NOT-07-157         284.90         326.00 41.10                2.83       2.62




                                                                                          13
EAGLE HILL EXPLORATION CORP.
                               2010 Drill Program
                                   New Assay Values
                                             Length     Au (g/t)     Au (g/t)
      Hole Number   From (m)     To (m)
                                             (m)        (uncut)    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




                                                                                  14
EAGLE HILL EXPLORATION CORP.




                               3D Block Model




                                   Existing Boreholes
                                   (n: 331)




                                                        15
EAGLE HILL EXPLORATION CORP.: 3D MODEL
                                             Shallow gold zones
                                             Reaching surface
                                             Open pit potential




        Open below intrusion




          Porphyry intrusions
                                   Open below intrusion
          Mineralized Gold Zones   Down plunge extension




                                                                  16
EAGLE HILL EXPLORATION CORP.: 3D MODEL




                                         17
EAGLE HILL EXPLORATION CORP.




                               18
EAGLE HILL EXPLORATION CORP.
             Summer 2010 IP Mapping




                                      19
EAGLE HILL EXPLORATION CORP.
   Program – Next Nine Months                                       Budget

   Integrate ground geophysics into geological model – identify       $120,000
   additional drill targets
   Assay existing ore piles to prepare for bulk sampling                32,000

   Trenching program to better determine the geometry of this           75,000
   gold system
   Conduct metallurgical studies to evaluate gold recoveries            25,000

   Complete environmental baseline study                                78,500

   10,000 meter two phase drill program                              2,500,000

                                                           Total:    $2,830,500




                                                                                  20
EAGLE HILL EXPLORATION CORP.
    Eagle Hill Exploration Inc.
    Suite 601 – 999 Canada Place
    Vancouver, BC
    V6C 3E1

    P. Bradley Kitchen
    Tel: 1.604.697.5792
    Brad.Kitchen@eaglehillexploration.com

    Investor Relations Contacts
    Neil Simon; Christian Scovenna
    Investor Cubed Inc. (Toronto)
    Tel: 1.647.258.3311
    TF: 1.888.258.3323
    info@investor3.ca

    Nathalie Dion
    MI3 Communications Financières Inc. (Montréal)
    Telephone: 514.904.1333
    Email: nathalie@mi3.ca
     www.mi3.ca




                                                     21
GLOBAL MINING
INVESTMENT CONFERENCE 2010

Lead sponsors:


Media partners:

Other sponsors & participating organisations:
Presented by Stefan Wozniak, September 29, 2010




                                         Marshall Lake Property
                                               Copper . Gold . Silver . Zinc
                                                        A Joint Venture with




                                           Norton Lake Property
                                                     and




                                       Nickel . Copper . Cobalt . Palladium
                                                           A Joint Venture with

  TSX-V: WTC
Frankfurt: W0I-FF
FORWARD-LOOKING STATEMENTS
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.




    COPPER . GOLD              TSX-V: WTC     FRANKURT: W0I-FF   SILVER . ZINC
COMPANY DATA

                               White Tiger Mining Corp.
                            TSX-V: WTC Frankfurt: W0I-FF


        Current Trading Price                                 $0.25
         Issued & Outstanding                            10,434,410
          Options & Warrants                              3,727,764
              Fully Diluted                              14,162,174
         Market Capitalization                           $3,540,543
            (based on fully diluted)



 As at September 10, 2010




  COPPER . GOLD               TSX-V: WTC   FRANKURT: W0I-FF      SILVER . ZINC
TEAM SPOTLIGHT

                      Management and Directors
 Douglas 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         Exploration Manager
 Engineering
 Ed Yurkowski                        Director & Advisory Board
 Henry Ewanchuk                      Advisory Board




  COPPER . GOLD       TSX-V: WTC   FRANKURT: W0I-FF       SILVER . ZINC
Copper . Gold . Silver . Zinc
MARSHALL LAKE LOCATION




 Canada’s major railway




  COPPER . GOLD           TSX-V: WTC   FRANKURT: W0I-FF   SILVER . ZINC
MARSHALL SHOWINGS
Summit
  Pluton                                                               North Cu Zone
                                                                                        Marshall Lake

                                                                                North Diabase
                                                                               Anarod Zone
             Gripp                                                             Main Billiton Zone
             Lake                              D Zone                      Swamp Zone
 Gold Zone
                                                                          South Billiton Zone
                        Jewel Box
                                                               Open Pit Zone
                           Gazooma North
                                             G Zone
                           Lease
                                        Cherry Hill
             Cherry Hill West
                                    Teck Hill North
             Gazooma                           Tala
             Gazooma South
                 Teck Hill South
                          Deep IP                     Lin Zn                    1 Km



COPPER . GOLD                   TSX-V: WTC        FRANKURT: W0I-FF                   SILVER . ZINC
WHERE WE ARE
 Historical      results
      Data compilation of more than $30 million spent by
      Teck Resources, BHP Billiton, NWT, Esso Minerals,
      Marshall Lake PLC and Rainy Mountain Royalty Corp.
  




 Mineralized  zones discovered now grouped
  within one camp
 Planned drilling to increase the known size
  and add additional tonnage
 Modeling of historical data to determine
  targets for current drill program


  COPPER . GOLD      TSX-V: WTC   FRANKURT: W0I-FF   SILVER . ZINC
WHERE WE ARE GOING
Phase 1
 Expand two new high grade discoveries from
  recent drill programs near surface
 Expand the historical discoveries
 Bring historical and current drilling into 43-101
  compliant resources
Phase 2
 Raise the capital necessary to bring the
  resources to pre-feasability stage
 These deposits have a high probability of
  becoming mineable

  COPPER . GOLD   TSX-V: WTC   FRANKURT: W0I-FF   SILVER . ZINC
HISTORICAL RESOURCE


 Billiton Main Zone      1.2 million tons of 0.82% Cu, 2.71%
                         Zn, 50.17 g/t Ag and 0.17 g/t Au
                         (A.S. Bayne, 1970)



 Teck Hill               240,000 tons of 1.45% Cu, 4.76% Zn
                         and 79.37 g/t Ag
                         (D.W. Sullivan, 1969)




 COPPER . GOLD        TSX-V: WTC   FRANKURT: W0I-FF   SILVER . ZINC
GAZOOMA CROSS SECTION
                                                                                         Ag          Au
                                                      Hole        Width(m)   Cu(%)
                                                                                     (g/tonne)   (g/tonne)

                                                      GAZ-06-01     27.9     1.18      21.3        0.18

                                                      GAZ-06-02     26.9     2.05      34.7        0.31




 Expected high grade mineral
 Extension to the South




                    Expected additional
                    mineralization




 COPPER . GOLD                 TSX-V: WTC   FRANKURT: W0I-FF         SILVER . ZINC
GAZOOMA DRILLING


GAZN-07-02        31.90                 0.71          3.0           0.11
Hole             Width(m)              Cu(%)      Ag(g/tonne)   Au (g/tonne)


 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




GAZ-06-01          27.9                1.18          21.3           0.18
Hole         Width(m)                  Cu(%)     Ag(g/tonne)    Au (g/tonne)


 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




 COPPER . GOLD            TSX-V: WTC    FRANKURT: W0I-FF    SILVER . ZINC
NORTH GAZOOMA CROSS SECTION




 COPPER . GOLD   TSX-V: WTC   FRANKURT: W0I-FF   SILVER . ZINC
TECK HILL TRENCH




         4m wide Massive Sulphides




COPPER . GOLD   TSX-V: WTC   FRANKURT: W0I-FF   SILVER . ZINC
MAIN BILLITON ZONE TRENCHING


                                                              Up to:
                                                              2.7% Cu
                                                              and 1.25% Zn
                                                          



                                                              over 12 feet
                                                              in trenching




Resources (non 43-101 compliant)
 1.2 million tons of 0.82% Cu, 2.71% Zn, 50.17 g/t Ag and 0.17
  g/t Au (A.S. Bayne, 1970)

     COPPER . GOLD     TSX-V: WTC   FRANKURT: W0I-FF   SILVER . ZINC
MARKET PRICES


                 METAL                          PRICE


                 Copper                       $3.46 (lb)
                  Gold                      $1,275.00 (oz)
                 Silver                      $20.61 (oz)
                  Zinc                        $0.96 (lb)
     Source: Bloomberg – Sept. 21, 2010




 COPPER . GOLD        TSX-V: WTC   FRANKURT: W0I-FF     SILVER . ZINC
EXPLORATION METHODS USED




 COPPER . GOLD   TSX-V: WTC   FRANKURT: W0I-FF   SILVER . ZINC
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)
Day 2 - Session 5: Global Hotspots (part 1)

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Day 2 - Session 5: Global Hotspots (part 1)

  • 1. Investment Conferences GLOBAL MINING INVESTMENT CONFERENCE 2010 DAY 2 – SESSION 5: GLOBAL HOTSPOTS (PART 1) Opportunities Western Australia Derek Fisher – CEO, Moly Mines Opportunities in Quebec Brad Kitchen – CEO, Eagle Hill Exploration Opportunities in Ontario Stefan Wozniak – Exploration Manager, White Tiger Mining Opportunities in Ghana Dr John Clarke – Director, PMI Gold ● CITY OF LONDON ● TUESDAY-WEDNESDAY, 28-29 SEP 2010 STATIONERS’ HALL www.ObjectiveCapitalConferences.com
  • 2. GLOBAL MINING INVESTMENT CONFERENCE 2010 Lead sponsors: Media partners: Other sponsors & participating organisations:
  • 3. MOLY MINES MOLY 3 LIMITED MINES LIMITED An Opportunity - Building Two Mines Global Mining Investment Conference 28th - 29th September 2010
  • 4. MOLY Disclaimer MINES 4 LIMITED 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. MOLY Australian Iron Ore Regions MINES 5 LIMITED Australia  Pilbara 500km  Premier producing region Pilbara  + 350Mt in 2009  +600Mt in 2015 Northern Territory  Numerous stranded deposits  Midwest Spinifex Ridge Mo  Emerging production region  Planned new port & rail Queensland development (Oakajee) Western  5Mt in 2009 (Geraldton) Australia South  ~45Mt in 2015 (Oakajee & Australia Geraldton) New South  Yilgarn Perth Wales  Exports through Esperance  Kwinana port redevelopment Yilgarn  8Mt in 2009 (Esperance) Victoria  ~30Mt in 2015 (Esperance & Midwest South Australia Kwinana)  South Australia  Oldest production in Australia Tasmania  Needs port & rail for expansion
  • 6. MOLY Pilbara Region – Western Australia MINES 6 LIMITED Iron Ore Mines Deepwater Ports BHP Billiton 1 Port Hedland 5 Port Hedland 1 Fortescue (FMG) 2 Cape Lambert 4 Rio Tinto 3 Dampier 3 4 2 D a mp ie r 2 Atlas Iron 4 Anketell Point Port K a rra t h a 3 5 R o e b our ne Spinifex Ridge Mo 6 Citic Pacific 5 Cape Preston 7 1 8 M a r bl e B a r Iron Ore Projects 9 Pa n nawonica 27 10 11 1 Balmoral South 14 Marillana 2 Cape Lambert 15 Phils Creek 3 Balla Balla 16 FerrAus 4 Poondano 17 Mindy Mindy 24 12 22 5 Ridley 18 Hope Downs 25 6 Spinifex Ridge Iron 19 Western Turner 26 7 Abydos (Atlas Iron) 20 Rocklea 13 9 21 19 14 8 Wodgina 21 Brockman 4 T o m P ri c e 15 9 Abydos (Giralia) 22 West Pilbara 20 Railway Lines 18 10 Mt Webber 23 Western Creek 17 BHP Pa ra burdoo 11 McPhee Creek 24 Blacksmith Iron FMG Rio Tinto 12 Nullagine 25 Solomon Deposits FMG (Proposed) 13 Roy Hill 26 Western Hub Deposits Hancock (Proposed) 23 N e wma n 16 50km 27 Daltons API (Proposed)
  • 7. MOLY Pilbara Region – Western Australia MINES 7 LIMITED Iron Ore Projects Name Owner Resource (Mt) Capacity (Mtpa) Type 1 Balmoral South 1600 12 M 5 P o rt H e d l a n d 1 2 Cape Lambert 1560 15 M 3 Balla Balla 455.9 6 – 10 M 4 4 Poondano 10 1-2 H 3 4 2 D a mp ie r 5 Ridley 2010 15 M 2 K a rra t h a 3 6 Spinifex Ridge Iron 7 1 H 5 R o e b our ne Spinifex Ridge Mo 6 7 Abydos (Atlas Iron) 22.7 3 H 8 Wodgina 42.7 2 – 3.6 H 7 1 8 9 Abydos (Giralia) 40 3 H M a r bl e B a r 10 Mt Webber 44 3 H 9 11 McPhee Creek 52.1 - H Pa n nawonica 27 10 11 12 Nullagine 89.1 3-5 H 13 Roy Hill 2420 55 H 14 Marillana 1630 15 – 25 H 15 Phils Creek 15.1 1.5 H 24 12 16 FerrAus 191 10 H 22 25 17 Mindy Mindy - - - 26 18 Hope Downs 1450 30 H 21 13 19 Western Turner 60 - H 19 14 T o m P ri c e 15 20 Rocklea 89 10 H 20 9 21 Brockman 4 35 - H 18 17 22 West Pilbara 742 30 - 40 H Pa ra burdoo 23 Western Creek 52.4 - H 24 Blacksmith Iron 511 - H 25 Solomon Deposits 2450 60 – 160 H 23 N e wma n 16 26 Western Hub Deposits - - H 50km 27 Daltons 40 2 H Deposit Type, M = Magnetite, H = Hematite
  • 8. MOLY Port Hedland - Overview MINES 8 LIMITED Berths Wharfs - Existing Name Operator Proposed Outer 1 Finucane Island Harbour Development 2 PHPA1 Public 3 PHPA3 - Dampier Salt 1 4 Nelson Point 1 Port Hedland 2 5 Anderson Point 6 3 2 7 4 4 8 Berths Wharfs - Existing 9 5 Name Operator 10 6 Utah Point (Public) Public 7 Harriet Point – RGP5 3 8 Burgess Point - RGP6 9 South West Creek 10 FMG Extensions Wharfs Facility Handling Areas Name Operator 1 BHP - Finucane Island 2 BHP – Nelson Point 3 FMG 4 Utah Point Public South Hedland
  • 9. MOLY Port Hedland – Existing & Future Berths MINES 9 LIMITED Berths Wharfs - Existing Name Operator 1 Finucane Island 2 PHPA1 Public 3 PHPA3 - Dampier Salt 4 Nelson Point 1 Port Hedland 5 Anderson Point 2 6 3 Berths - Under Construction 4 Name Operator 7 8 6 Utah Point Public 5 7 Harriet Point 9 10 Berths - Proposed Name Operator 8 Burgess Point 9 South West Creek 10 FMG Extensions
  • 10. MOLY Port Hedland – Port Infrastructure MINES 10 LIMITED Anderson Point FMG Finucane Island BHP Nelson Point BHP
  • 11. MOLY Port Hedland – Nelson Point (BHP) MINES 11 LIMITED
  • 12. MOLY Company Overview – Building Two Mines MINES 12 LIMITED  Spinifex Ridge Iron Ore Project Major Road Rail Broome  Construction near complete Australia Major Port 1 Gas Pipeline  Iron ore shipments commence Q4 100kms Port Hedland 2010 Dampier Yarrie (Fe) Karratha Spinifex Ridge  Strong project cashflows 1 Marble Bar Telfer (Au, Cu)  Spinifex Ridge Molybdenum Project Woodie Woodie Nifty (Cu) (Mn) Tom Price (Fe) Cloudbreak (Fe)  US$500M Project Finance Loan Facility 95 Western Paraburdoo (Fe) Australia due 30 September 2010 (extension Mt Newman (Fe) under review) to fund immediate  Strategic partner cornerstone construction growth plans  Funding secured through major strategic shareholder  Vision to build a major world class mining group  Hanlong Group US$5 billion investment pool
  • 13. MOLY Sichuan Hanlong Group MINES 13 LIMITED  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 Hanlong Vision Moly Mines Limited  International Mining House  Major world Mo company Moly Mines Limited
  • 14. MOLY Corporate Overview MINES 14 LIMITED Capital Structure at 30 June 2010 Shareholders ASX/TSX Ticker MOL Hanlong Group 56.9% Market Cap A$250M Australian Register 31.9% Ordinary Shares 363.9M Canadian Register 11.2% Unlisted Options 79.2M Unlisted Options Cash A$58M Hanlong Group 35.5M Surplus Assets A$30M TCW 23.8M Institutions 14.0M 10 Year Shareholder Loan US$60M Employees 5.9M
  • 15. MOLY Spinifex Ridge Location MINES 15 LIMITED Broome Major Road Rail Australia Major Port 1 Gas Pipeline 100kms Port Hedland Yarrie (Fe) Dampier Karratha Spinifex Ridge 1 Marble Bar Telfer Woodie Woodie (Au, Cu) (Mn) Nifty (Cu) Tom Price (Fe) Cloudbreak (Fe) 95 Western Australia Paraburdoo (Fe) Mt Newman (Fe) Moly Mines Limited
  • 16. MOLY Tenure MINES 16 LIMITED EL – Exploration Licence Iron Ore Resource 1.5kms 5.3 Mt @ 59% Fe Rockchip Sample Granite GPL – General Purpose Lease 64.7% Fe Granite 55.8% Fe Basalt 59.2% Fe 60.2% Fe Basalt Iron Formation Ultramafic 55.2% Fe 56.1% Fe 61.9% Fe 61.6% Fe 61.4% Fe Basalt 55.1% Fe Basalt Felsics Basalt Molybdenum-Copper Resource 652Mt @ 0.05% Mo, 0.08% Cu Ultramafic Basalt Granite ML – Mining Leases Spinifex Ridge Iron Ore Project
  • 17. MOLY Integrated Project Development Schedule MINES 17 LIMITED Iron Ore Project Construction Operations & “FOOS” Fe Sales Moly Project Hanlong Investment US$500m Drawdown and Construction Commissioning Mo/Cu Sales 2010 2011 2012 2013 2014
  • 18. MOLY MINES 18 LIMITED Spinifex Ridge Iron Ore Project
  • 19. MOLY Spinifex Ridge Site Layout MINES 19 LIMITED Waste Dump NORTH Auton Port Hedland (170kms) Dalek Gallifrey Spinifex Ridge Molybdenum-Copper Deposit (500m) ROM Pad, Ore Reserve Crushing, Ore Stockpile 4.3 Mt @ 59.2% Fe Marble Bar(50kms) Spinifex Ridge Iron Ore Project
  • 20. MOLY Resource / Reserves & Permitting Status MINES 20 LIMITED Fe SiO2 Al2O3 P S LOI Resource tonnes (%) (%) (%) (%) (PPM) (%) 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 Fe SiO2 Al2O3 P S LOI Reserve tonnes (%) (%) (%) (%) (PPM) (%) Proven 4,334,000 59.2 8.0 1.8 0.13 122 4.9  Mining leases granted  Environmental approvals in place  Mining proposal approved  Initial port access agreement in place Spinifex Ridge Iron Ore Project
  • 21. MOLY Construction Near Complete MINES 21 LIMITED  Haul roads established   Water pipelines laid   Camp procured   Mining contracted   Crushing/screening contracted   Plant commissioning – mid October  Capital cost: <$15M Spinifex Ridge Iron Ore Project
  • 22. MOLY Commencement of Mining MINES 22 LIMITED Moly Mines Limited
  • 23. MOLY Operations MINES 23 LIMITED  Mining - BGC 70  Contracted 60 50  Mobilize mid September 40  Mining rate 1MT/A capable of 30 immediate expansion to 1.4MT/A 20 10  Crushing – Rapid Crushing 0 2010 2011 2012 2013 2014 2015  Contracted Operating Cost Mine Gate US$/T - FOB  Mobilize plant October  Life of mine operating cost FOB:  Haulage – near term award US$47/T  First haulage mid November  First ore shipment – December  Port – Utah Point, Port Hedland 2010  Handover 6 November 2010 Spinifex Ridge Iron Ore Project
  • 24. MOLY Sales MINES 24 LIMITED  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 Moly Mines stockpile area at Utah Point, Port Hedland  Strong project cashflows support On track for handover 6 November 2010 moly project development (1) Platts IODEX 62% Fe CFR North China 3 September 2010, adjusted for capesize freight Spinifex Ridge Iron Ore Project
  • 25. MOLY MINES 25 LIMITED Spinifex Ridge Molybdenum Project Transportation of mill sections, Perth China Information
  • 26. Molybdenum – a metal for our time MOLY MINES 26 LIMITED  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  Supply  Demand  No new supply sources – existing by-product producers at full capacity  Global consumption 2009: 437M lb  The world needs new primary molybdenum mines  Consumption grew at 8.2% 2002-2008 before contracting in 2009  Large new mines need high molybdenum prices and strategic partners to be funded  Stainless steel  Energy applications
  • 27. MOLY Low-Risk / Low Cost Open Pit Mining MINES 27 LIMITED Highlights  Conventional open pit Australia  Pit design has been optimised to maximise grades early and to fit Port Hedland (170kms) processing requirements Fe Pits Airstrip  Favourable mining characteristics: Mo Camp / Village  Deposit is porphyry with continuous mineralization Waste 1 ROM Dry Stack Tailings  Minimal grade control or dilution issue – Waste 2 low grade halo de-risks mining High Grade Plant &  Minimal requirement for selective Stockpile Administration mining Mo Cu Pit Pit Low Grade  Mining fleet based on conventional Stockpile open-pit mining equipment: Creek Diversion  Specified equipment or alternatives can Waste 3 be readily mobilised by contractors Channel  Conventional comminution and Pit Office/ flotation processing Workshops  Dry stack tailings – operational/environmental advantages Spinifex Ridge Molybdenum Project
  • 28. MOLY Reserves and Mineral Resources MINES 28 LIMITED Reserves Relative Competitiveness JORC / NI43-101 Mt Mo% Cu% Ag g/t MoEq%1  Top 5 primary molybdenum classification resource globally by Proven reserves 199.7 0.06 0.10 1.5 0.09 contained metal  Mo Equiv. reserve grade is Probable reserves 251.1 0.04 0.07 1.1 0.06 comparable to other TOTAL 450.8 0.05 0.08 1.3 0.07 western world primary molybdenum projects First 10 yrs Resources 45 yr mine life 0.10%  Complemented by Iron Ore JORC / NI43-101  Fully permitted ready to Mt Mo% Cu% Ag g/t MoEq% build classification 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 Note—Reserves are a sub-set of Resources Inferred resources 399.0 0.04 0.07 1.1 0.06 0.02% Mo cut-off assumed for resources 0.03% Mo cut-off assumed for reserves Capacity for life extension & 1 – Mo equivalent calculated on contained metal @ 4QCY09 average metal prices expansion Spinifex Ridge Molybdenum Project
  • 29. MOLY Phase 1 – Startup Project MINES 29 LIMITED  10 Mtpa 10 Mtpa Resource Pit Shell  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 20Mtpa Resource 0.02% Mo Shell Pit Shell  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$7.20/lb (1) (first 10 years – mine gate) 0.09% Mo Shell - High Grade Core 0.04% Mo Shell (1) – At commercial production. Source: NI43-101 Technical Report dated 25 August 2009
  • 30. MOLY Long Lead Equipment Orders Completed MINES 30 LIMITED Spinifex Ridge Molybdenum Project
  • 31. MOLY Economics – High and Low Case Scenarios MINES 31 LIMITED 10 Mtpa Case Pre-tax IRR (nominal Price Scenario EBITDA (A$M) Pre-tax NPV (A$M) converted) US$30/lb 455 1,599 30.8 US$23.6/lb (3 Year Average) 319 847 23.2 US$20/lb 243 434 18.5 Expansion Case (to 20 Mtpa) Pre-tax IRR (nominal Price Scenario EBITDA (A$M) Pre-tax NPV (A$M) 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$20/lb to support new primary mine development and meet projected supply shortfall Source: NI43-101 Technical Report dated 25 August 2009 adjusted for forward curves
  • 32. Mo and Fe Forecast Project Cashflows…..this MOLY MINES decade 32 LIMITED Mo cashflow continues 25 450 Production (Mlb's/T's) Operating Cash Flow (A$M) 400 20 350 Mo Production (Ib) Fe Production (Tonnes) 300 Annual Operating Cash Flow (A$) 15 250 200 10 150 100 5 50 0 0 (50) Mo production continues for 20+ years Fe production starts Mo production starts
  • 33. MOLY Experienced Team MINES 33 LIMITED Board of Directors Mr. David Craig - Chairman Mr. Michael Senft - Independent Non-Executive Director An experienced businessman and lawyer, who has held and Over 25 years investment banking experience having held senior holds Executive and Board positions in the fields of law, financial executive roles with Merrill Lynch and UBS in New York and services and the resources industry. Appointed as Chairman in London. 2009 Mr. David Nixon – Independent Non-Executive Director Dr. Derek Fisher – CEO/Managing Director A mechanical engineer with 40 years experience in the Over 40 years of worldwide experience in the resource industry, mining and construction industries in Southern Africa, more than 20 years experience as a manager of publicly listed Australia, New Zealand, Canada and Indonesia. resource companies, in addition to serving as a director of mining companies that developed mines in Australia, Mongolia, Armenia and the DRC. Mr. Steven Xiao – Executive Director Over 15 years experience in finance and investment working for globally Mr. Liu Han – Non-Executive Director recognised investment banks and financial organisations. Skilled in capital utilisation and industry integration with extensive global Over the past 10 years Mr. Liu has built the Sichuan Hanlong Group into M&A experience. 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 Mr. Andy Zhmurovsky – Non-Executive Director Sichuan in the past 30 years. Holds a Bachelor of Business Administration with Honors from the Mr. Sun Xiaodong – Non-Executive Director University of Texas at Austin. Mr. Zhmurovsky is the Senior Vice President within the Energy and Infrastructure Group at TCW. A experienced executive with responsibility for a broad portfolio of companies including mining, infrastructure, LPG, Mr. Nelson Chen – Alternate Non-Executive Director pharmaceuticals and property development. 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. Moly Mines Limited
  • 34. MOLY Experienced Team – Management MINES 34 LIMITED Key Managers Mr. Collis Thorp – Chief Operating Officer Mr. David Pass –Manager Metallurgy 40 years mining experience, having operated and managed open-pit and underground David holds a Bachelor of Science and a double major: Extractive Metallurgy and mines in Australia and internationally. Experience covers precious, base and specialty Chemistry from Murdoch University, Western Australia and has over 25 years hard metal operations, including gold, tin, tungsten, titanium and zircon. 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. Mr. Mike Gloyne – General Manager Operations Mr. Graeme Kininmonth –Manager Health & Safety and Mike holds a Bachelor of Science, Mining Engineering, University of Newcastle Upon Tyne, England, a WA Unrestricted Quarry Managers Certificate and a Northern Territory Environment Mine Managers Certificate. Over 30 years of mine management and operations experience in iron ore, manganese and gold for companies including Hamersley Iron Graeme holds a Bachelor of Science from Australian National University and has over (now Rio Tinto) and Dominion Mining. Over 10 years in executive management 30 years experience including management of project approvals processes in senior positions with major mining contractors such as Henry Walker, Boral and Brambles. environmental and site management positions for Straits Resource ,Sons of Gwalia and Cable Sands. Mr. John McEvoy – Chief Financial Officer Mrs. Barbara Kwiecien –Manager Land Administration John is a Chartered Accountant and holds a Bachelor of Science Honours in Mathematics with Applications from Southampton University. John has held mine 28 years of international experience within land and tenure administration and accountant, commercial manager roles and financial controller roles since 1989 and land access negotiations. An accredited mediator, she has facilitated her work internationally, specifically with indigenous people. 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. Mr. Andrew Worland – Company Secretary , General Ms. Xu Chuanmei Manager Commercial & Marketing MA Degree from China University of Geosciences. Ms Xu has extensive Andrew is a qualified accountant with a Bachelor of Commerce (Accounting and experience working with Chinese and international resource sectors, and is highly Finance) from the University of Western Australia. Over 16 years corporate, finance skillful in intercultural communications and negotiations. She also specialises in and company secretarial experience in the resources industry commencing with Arthur international trade and marketing. Andersen Chartered Accountants and spending the last 12 years in senior management positions within mining houses. Moly Mines Limited
  • 35. MOLY Competence and Responsibility MINES 35 LIMITED Molybdenum Copper The 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. Iron Ore The 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. Moly Mines Limited
  • 36. MOLY MINES 36 LIMITED 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: info@molymines.com Website: http://www.molymines.com Stock market codes: ASX: MOL, TSX: MOL, FWB: HJ1 Moly Mines Contact Details
  • 37. GLOBAL MINING INVESTMENT CONFERENCE 2010 Lead sponsors: Media partners: Other sponsors & participating organisations:
  • 38. Eagle Hill Exploration Corp. WINDFALL LAKE PROPERTY, QUEBEC BULK TONNAGE GOLD EXPLORATION SEPTEMBER 2010
  • 39. FORWARD LOOKING STATEMENTS 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 that Eagle Hill Exploration Inc. expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always 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-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. 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 or regulatory approvals, and general economic market or business conditions. statements. Forward-looking statements are based on the beliefs, estimates and opinions of Eagle Hill’s management on the date the statements are made. 3
  • 40. EAGLE HILL EXPLORATION CORP. Presentation Agenda: • Corporate Information • Windfall’s Exploration History • Eagle Hill’s Recent Exploration • Project Status • Next Steps 4
  • 41. EAGLE HILL EXPLORATION CORP. 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
  • 42. EAGLE HILL EXPLORATION CORP. • Gold exploration in Quebec – top ranked jurisdiction globally for mining and exploration • Bulk tonnage gold mineralization in multiple zones • Gold zones open in several directions • Currently 5 large gold zones systematically being developed • 16,000 meters of drilling completed in last 8 months • Aggressive exploration continues – next two drill programs planned 6
  • 43. EAGLE HILL EXPLORATION CORP. Board of Directors: Brad Kitchen, President and Chief Executive Officer Richard Nemis, Director (Former President of Noront Resources Ltd.) John Harvey, Director (Former Chief Operating Officer of Noront Resources Ltd.) Gerald Ruth, Director (Previous Head of TSX Listings) Andre C. Tessier, Director (President of Murgor Resources Inc.) Cale Thomas, Chief Financial Officer and Director Amandeep Rai, Corporate Secretary 7
  • 44. 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
  • 45. EAGLE HILL EXPLORATION CORP. • Canadian gold exploration Company with advanced- stage gold property: - Windfall Lake Propety near Val d’Or, Quebec (acquired from Noront, Freewest and Murgor). 9
  • 46. EAGLE HILL EXPLORATION CORP.: Claim Map 10
  • 47. EAGLE HILL EXPLORATION CORP. Prior to Eagle Hill Acquisition in September 2009: •Over $25 million spent on the property by previous developers •Excellent infrastructure •331 holes drilled •1,453 meter underground ramp •58 person operating camp 11
  • 48. EAGLE HILL EXPLORATION CORP. Results: • October 2009 – Company initiates exploration data interpretation • 16,000 metres of drilling • 3 surface and borehole geophysical surveys Narrow veins Large mineralized zones High grade Lower grade Discontinuous Continuous 12
  • 49. EAGLE HILL EXPLORATION CORP.: New Assays Historical Values (never released) Length Au (g/t) Au (g/t) Hole Number From (m) To (m) (m) (uncut) 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
  • 50. EAGLE HILL EXPLORATION CORP. 2010 Drill Program New Assay Values Length Au (g/t) Au (g/t) Hole Number From (m) To (m) (m) (uncut) 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 14
  • 51. EAGLE HILL EXPLORATION CORP. 3D Block Model Existing Boreholes (n: 331) 15
  • 52. EAGLE HILL EXPLORATION CORP.: 3D MODEL Shallow gold zones Reaching surface Open pit potential Open below intrusion Porphyry intrusions Open below intrusion Mineralized Gold Zones Down plunge extension 16
  • 53. EAGLE HILL EXPLORATION CORP.: 3D MODEL 17
  • 55. EAGLE HILL EXPLORATION CORP. Summer 2010 IP Mapping 19
  • 56. EAGLE HILL EXPLORATION CORP. Program – Next Nine Months Budget Integrate ground geophysics into geological model – identify $120,000 additional drill targets Assay existing ore piles to prepare for bulk sampling 32,000 Trenching program to better determine the geometry of this 75,000 gold system Conduct metallurgical studies to evaluate gold recoveries 25,000 Complete environmental baseline study 78,500 10,000 meter two phase drill program 2,500,000 Total: $2,830,500 20
  • 57. EAGLE HILL EXPLORATION CORP. Eagle Hill Exploration Inc. Suite 601 – 999 Canada Place Vancouver, BC V6C 3E1 P. Bradley Kitchen Tel: 1.604.697.5792 Brad.Kitchen@eaglehillexploration.com Investor Relations Contacts Neil Simon; Christian Scovenna Investor Cubed Inc. (Toronto) Tel: 1.647.258.3311 TF: 1.888.258.3323 info@investor3.ca Nathalie Dion MI3 Communications Financières Inc. (Montréal) Telephone: 514.904.1333 Email: nathalie@mi3.ca www.mi3.ca 21
  • 58. GLOBAL MINING INVESTMENT CONFERENCE 2010 Lead sponsors: Media partners: Other sponsors & participating organisations:
  • 59. Presented by Stefan Wozniak, September 29, 2010 Marshall Lake Property Copper . Gold . Silver . Zinc A Joint Venture with Norton Lake Property and Nickel . Copper . Cobalt . Palladium A Joint Venture with TSX-V: WTC Frankfurt: W0I-FF
  • 60. FORWARD-LOOKING STATEMENTS 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. COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 61. 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 $3,540,543 (based on fully diluted) As at September 10, 2010 COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 62. TEAM SPOTLIGHT Management and Directors Douglas 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 Exploration Manager Engineering Ed Yurkowski Director & Advisory Board Henry Ewanchuk Advisory Board COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 63. Copper . Gold . Silver . Zinc
  • 64. MARSHALL LAKE LOCATION Canada’s major railway COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 65. MARSHALL SHOWINGS Summit Pluton North Cu Zone Marshall Lake North Diabase Anarod Zone Gripp Main Billiton Zone Lake D Zone Swamp Zone Gold Zone South Billiton Zone Jewel Box Open Pit Zone Gazooma North G Zone Lease Cherry Hill Cherry Hill West Teck Hill North Gazooma Tala Gazooma South Teck Hill South Deep IP Lin Zn 1 Km COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 66. 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 COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 67. 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 resources Phase 2  Raise the capital necessary to bring the resources to pre-feasability stage  These deposits have a high probability of becoming mineable COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 68. 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) COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 69. GAZOOMA CROSS SECTION Ag Au Hole Width(m) Cu(%) (g/tonne) (g/tonne) GAZ-06-01 27.9 1.18 21.3 0.18 GAZ-06-02 26.9 2.05 34.7 0.31 Expected high grade mineral Extension to the South Expected additional mineralization COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 70. GAZOOMA DRILLING GAZN-07-02 31.90 0.71 3.0 0.11 Hole Width(m) Cu(%) Ag(g/tonne) Au (g/tonne) 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 GAZ-06-01 27.9 1.18 21.3 0.18 Hole Width(m) Cu(%) Ag(g/tonne) Au (g/tonne) 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 COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 71. NORTH GAZOOMA CROSS SECTION COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 72. TECK HILL TRENCH 4m wide Massive Sulphides COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 73. 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) COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 74. 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 COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC
  • 75. EXPLORATION METHODS USED COPPER . GOLD TSX-V: WTC FRANKURT: W0I-FF SILVER . ZINC