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Dr Alistair Cowden
                 Managing Director




Connecting investors to opportunities   www.symposium.net.au
Latest Corporate Presentation


February 2013




www.altonamining.com   ASX: AOH
ACN 090 468 018        FSE: A2O
Altona’s Copper Assets

        Outokumpu Project                                Roseby Project




                                                  Major copper development opportunity
        Copper Production in Finland
                                                               in Australia

altonamining.com                       February 2013                                     3.
Our Strategy



    1.             Expand Outokumpu production and reserves


                   Continuous cost and safety improvement at
    2.
                   Outokumpu

                   Secure a strategic transaction to assist with
    3.
                   development of Roseby

                   Provide investors with exposure to copper
    4.
                   production and resources


altonamining.com                    February 2013                  4.
Corporate Snapshot

 Major Shareholders                      Market Status
 Australian institutions:   30.0%       ASX (Australia) code:    AOH
 Foreign institutions:      20.0%       FSE (Frankfurt) code:    A2O
 Board:                     9.0%
                                        Share price:             A$0.23
 German/Swiss retail:       9.0%
                                        Average daily turnover: 0.5M shares
 Top 20:                    57.0%
                                        Shares on issue:         529M
                                        Market capitalisation:   A$122M

                                        Debt:                    US$20M
                                        Cash: (31 Dec 2012)      A$19M

                                        Research coverage:       Credit Suisse
                                                                 Foster Stockbroking

 Source: ASX



altonamining.com                    February 2013                                 5.
Outokumpu Copper Project in Finland


                     I metre




                                               Massive copper sulphide ore in
                                                     development face
altonamining.com               February 2013                                    6.
Finland is a Leading Mining Destination




    Euro zone country with a history of mining and
    mining equipment manufacturing, a stable tax               Altona’s projects are in eastern Finland.
    regime (24.5%) and no royalties.
                                                               Geology is similar to other Archaean
    Miners include Agnico Eagle, Anglo American,               and Proterozoic terrains in Australia and
    Inmet, First Quantum and Talvivaara.                       Canada.

altonamining.com                               February 2013                                               7.
Altona’s Finnish Assets

                   Kylylahti Underground Mine
                   At full production of 550,000tpa and considering
                   expansion.
    6




                   Luikonlahti Mill
                   Targeting 7,000t Cu and 7,000oz Au in concentrates
                   for first full year of production.

                   Regional Resources
                   9 million tonnes in 2 closed mines and 4 unmined
                   resources within 30km of mill.

                   Nickel Deposits
                   Nickel-copper-PGE deposits in eastern and south
                   west Finland.

altonamining.com                February 2013                           8.
Mill, Mine and 3 Resources in Historic Outokumpu
                                      Past or present mine
                                      Resource
                                      Prospect




                                                             Keretti mine produced 1Mt
                                                             Cu and 1 Moz Au from 1914
                                                             to 1989.



altonamining.com          February 2013                                              9.
Production – A flying start

 Mine                                    Mill
 Production above 550,000tpa design      Copper in concentrate production
 rate (46ktpm), grade outperforming      exceeding 8,000tpa (660tpm)




                    C1 cash cost H2 2012 – US$1.69/lb

altonamining.com                 February 2013                              10.
ASX Copper Producers (December Quarter)

                                   C1 Cash Cost US$/lb
  4.50


  4.00


  3.50


  3.00


  2.50


  2.00


  1.50


  1.00


  0.50


    -
          Tiger    Pan Aust   Oz   Altona   Hillgrove   Ivanhoe Aditya Birla   Straits   Discovery   Sandfire



altonamining.com                              February 2013                                                     11.
Kylylahti Mine Open at Depth




    Simple sulphide orebody up to 50m thick.
    Deep drilling planned in H2 2013 to expand resources plus in-mine exploration
altonamining.com                          February 2013                              12.
Outokumpu – Focussed on expansion

       Continuous cost improvement
       Study to expand production to
        12,000tpa copper
       Complete permitting of mill
        expansion
       Drill Kylylahti mine at depth
       Improve safety performance
       Near mine exploration
       2012 / 2013 guidance:
        6,500 -7,000t copper
        6,500 - 7,000oz gold
        US$1.40 - 1.60/lb

                                                        Aerial view of Luikonlahti mill


altonamining.com                        February 2013                                     13.
Roseby Copper Project




                   Little Eva




                                                Looking north-west
                                                 from Green Hills
altonamining.com                February 2013                    14.
3 Elements to the Roseby Project

                   Little Eva Development Project
                   DFS completed on a straightforward 39,000tpa
                   copper in concentrate open pit mine and mill.


                   Major Resource Inventory
                   1.52Mt copper including 0.84Mt copper in 7 ‘native
                   copper’ deposits outside Little Eva Project.


                   Exploration
                   1,500km² of exploration tenure prospective for copper,
                   gold, molybdenum, uranium and zinc-lead-silver.




altonamining.com                 February 2013                              15.
Roseby is a Strategic Asset




altonamining.com           February 2013   16.
What Little Eva Could Be




altonamining.com          February 2013   17.
Little Eva is Part of the Roseby Project

                                Large tenement position:
                                     1,500km2
                                Large resource:
                                     260Mt at 0.6% Cu, 0.05g/t Au,
                                     1.52Mt contained copper and
                                     0.38Moz contained gold
                                Little Eva:
                                     Largest deposit at Roseby: 100Mt
                                     copper-gold sulphide deposit
                                Major development next door:
                                     MMG’s A$1.5bn
                                     Dugald River zinc development
                                     excised from Altona’s ground


altonamining.com            February 2013                               18.
Can Roseby be bigger than 2Mt copper?

      Altona has grown resource 60% to
       1.52Mt of copper in 2 years
      4 Reserves, 7 Resources and many
       prospects and workings
      Little systematic exploration for 15
       years
      Turkey Creek discovery in August
       2012 highlights prospectivity
      All deposits open and growing, many
       targets for extensions
      Further Resource upgrades pending
      Dugald River zinc and Mary Kathleen
       uranium highlight that exploration
       potential not limited to copper


altonamining.com                       February 2013   19.
Roseby Strategy

      Pursue strategic transaction to
       develop project
      Optimise DFS
      Explore infrastructure and
       operating synergies with MMG’s
       Dugald River Project
      Define additional reserves at
       satellite pits
      Test major targets at Companion
       20km south of Little Eva, Airport
       and Turkey Creek




altonamining.com                         February 2013   20.
The Altona Advantage


                             Copper-gold-zinc mine and mill in
    PRODUCTION & CASHFLOW
                             Finland in production

                             1.66Mt copper and 0.76Moz gold in
    COPPER LEVERAGE
                             resources

                             Little Eva copper-gold deposit nearing
    STRATEGIC ASSET
                             decision to build / value realisation

                             Multiple options to expand both
    GROWTH PIPELINE
                             projects


    EXPLORATION UPSIDE       We control two major copper fields


altonamining.com            February 2013                             21.
Disclaimer and JORC Compliance

    This Presentation is being provided to shareholders and investors for information purposes only. Shareholders and investors should undertake
    their own evaluation of this information and contact their professional advisers should they wish to buy or sell shares. To the extent the
    information contains any projections the Company has provided these projections based upon the information that has been provided to the
    Company. The Company does not make any representations as to the accuracy or otherwise of that third party information.

    Investors are advised that by their nature as visual aids, presentations provide information in a summary form and are prepared as a presenter’s
    aid and support - not a standalone document. This Presentation is current as at the date of this Presentation. The information in this Presentation
    is of general background and does not purport to be complete. It should be read in conjunction with Altona’s other periodic and continuous
    disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au or www.altonamining.com.

    This Presentation contains certain “forward-looking statements”. Forward looking words such as, “expect”, “should”, “could ”, “may”, “plan”, “will”,
    “forecast”, “estimate”, “target” and other similar expressions are intended to identify forward-looking statements within the meaning of securities
    laws of applicable jurisdictions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking
    statements. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies
    which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current
    market conditions. Such forward-looking statements, opinions and estimates are not guarantees of future performance.

    This Presentation contains statements that are subject to risk factors associated with the mining industry. It is believed that the expectations
    reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ
    materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates,
    loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial
    market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates. Such forward-
    looking statements only speak as to the date of this Presentation and Altona assumes no obligation to update such information.

    Competent Person Statement

    The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled and
    reviewed by Dr Alistair Cowden BSc (Hons), PhD, MAusIMM, MAIG who is full time employee of the Company and have sufficient experience
    which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as
    Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore
    Reserves’. Dr Cowden consented to the inclusion in the report of the matters based on their information in the form and context in which it
    appears.




altonamining.com                                                         February 2013                                                                        22.
2011 was a turbulent year,
                   2012 will be Altona’s year to shine




                                                Termite mounds watching summer
                               THANKYOU
                                                storms at the Blackard deposit
altonamining.com                February 2013                                23.

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Dr Alistair Cowden Altona Mining

  • 1. Dr Alistair Cowden Managing Director Connecting investors to opportunities www.symposium.net.au
  • 2. Latest Corporate Presentation February 2013 www.altonamining.com ASX: AOH ACN 090 468 018 FSE: A2O
  • 3. Altona’s Copper Assets Outokumpu Project Roseby Project Major copper development opportunity Copper Production in Finland in Australia altonamining.com February 2013 3.
  • 4. Our Strategy 1. Expand Outokumpu production and reserves Continuous cost and safety improvement at 2. Outokumpu Secure a strategic transaction to assist with 3. development of Roseby Provide investors with exposure to copper 4. production and resources altonamining.com February 2013 4.
  • 5. Corporate Snapshot Major Shareholders Market Status Australian institutions: 30.0% ASX (Australia) code: AOH Foreign institutions: 20.0% FSE (Frankfurt) code: A2O Board: 9.0% Share price: A$0.23 German/Swiss retail: 9.0% Average daily turnover: 0.5M shares Top 20: 57.0% Shares on issue: 529M Market capitalisation: A$122M Debt: US$20M Cash: (31 Dec 2012) A$19M Research coverage: Credit Suisse Foster Stockbroking Source: ASX altonamining.com February 2013 5.
  • 6. Outokumpu Copper Project in Finland I metre Massive copper sulphide ore in development face altonamining.com February 2013 6.
  • 7. Finland is a Leading Mining Destination Euro zone country with a history of mining and mining equipment manufacturing, a stable tax Altona’s projects are in eastern Finland. regime (24.5%) and no royalties. Geology is similar to other Archaean Miners include Agnico Eagle, Anglo American, and Proterozoic terrains in Australia and Inmet, First Quantum and Talvivaara. Canada. altonamining.com February 2013 7.
  • 8. Altona’s Finnish Assets Kylylahti Underground Mine At full production of 550,000tpa and considering expansion. 6 Luikonlahti Mill Targeting 7,000t Cu and 7,000oz Au in concentrates for first full year of production. Regional Resources 9 million tonnes in 2 closed mines and 4 unmined resources within 30km of mill. Nickel Deposits Nickel-copper-PGE deposits in eastern and south west Finland. altonamining.com February 2013 8.
  • 9. Mill, Mine and 3 Resources in Historic Outokumpu Past or present mine Resource Prospect Keretti mine produced 1Mt Cu and 1 Moz Au from 1914 to 1989. altonamining.com February 2013 9.
  • 10. Production – A flying start Mine Mill Production above 550,000tpa design Copper in concentrate production rate (46ktpm), grade outperforming exceeding 8,000tpa (660tpm) C1 cash cost H2 2012 – US$1.69/lb altonamining.com February 2013 10.
  • 11. ASX Copper Producers (December Quarter) C1 Cash Cost US$/lb 4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 - Tiger Pan Aust Oz Altona Hillgrove Ivanhoe Aditya Birla Straits Discovery Sandfire altonamining.com February 2013 11.
  • 12. Kylylahti Mine Open at Depth  Simple sulphide orebody up to 50m thick.  Deep drilling planned in H2 2013 to expand resources plus in-mine exploration altonamining.com February 2013 12.
  • 13. Outokumpu – Focussed on expansion  Continuous cost improvement  Study to expand production to 12,000tpa copper  Complete permitting of mill expansion  Drill Kylylahti mine at depth  Improve safety performance  Near mine exploration  2012 / 2013 guidance: 6,500 -7,000t copper 6,500 - 7,000oz gold US$1.40 - 1.60/lb Aerial view of Luikonlahti mill altonamining.com February 2013 13.
  • 14. Roseby Copper Project Little Eva Looking north-west from Green Hills altonamining.com February 2013 14.
  • 15. 3 Elements to the Roseby Project Little Eva Development Project DFS completed on a straightforward 39,000tpa copper in concentrate open pit mine and mill. Major Resource Inventory 1.52Mt copper including 0.84Mt copper in 7 ‘native copper’ deposits outside Little Eva Project. Exploration 1,500km² of exploration tenure prospective for copper, gold, molybdenum, uranium and zinc-lead-silver. altonamining.com February 2013 15.
  • 16. Roseby is a Strategic Asset altonamining.com February 2013 16.
  • 17. What Little Eva Could Be altonamining.com February 2013 17.
  • 18. Little Eva is Part of the Roseby Project  Large tenement position: 1,500km2  Large resource: 260Mt at 0.6% Cu, 0.05g/t Au, 1.52Mt contained copper and 0.38Moz contained gold  Little Eva: Largest deposit at Roseby: 100Mt copper-gold sulphide deposit  Major development next door: MMG’s A$1.5bn Dugald River zinc development excised from Altona’s ground altonamining.com February 2013 18.
  • 19. Can Roseby be bigger than 2Mt copper?  Altona has grown resource 60% to 1.52Mt of copper in 2 years  4 Reserves, 7 Resources and many prospects and workings  Little systematic exploration for 15 years  Turkey Creek discovery in August 2012 highlights prospectivity  All deposits open and growing, many targets for extensions  Further Resource upgrades pending  Dugald River zinc and Mary Kathleen uranium highlight that exploration potential not limited to copper altonamining.com February 2013 19.
  • 20. Roseby Strategy  Pursue strategic transaction to develop project  Optimise DFS  Explore infrastructure and operating synergies with MMG’s Dugald River Project  Define additional reserves at satellite pits  Test major targets at Companion 20km south of Little Eva, Airport and Turkey Creek altonamining.com February 2013 20.
  • 21. The Altona Advantage Copper-gold-zinc mine and mill in PRODUCTION & CASHFLOW Finland in production 1.66Mt copper and 0.76Moz gold in COPPER LEVERAGE resources Little Eva copper-gold deposit nearing STRATEGIC ASSET decision to build / value realisation Multiple options to expand both GROWTH PIPELINE projects EXPLORATION UPSIDE We control two major copper fields altonamining.com February 2013 21.
  • 22. Disclaimer and JORC Compliance This Presentation is being provided to shareholders and investors for information purposes only. Shareholders and investors should undertake their own evaluation of this information and contact their professional advisers should they wish to buy or sell shares. To the extent the information contains any projections the Company has provided these projections based upon the information that has been provided to the Company. The Company does not make any representations as to the accuracy or otherwise of that third party information. Investors are advised that by their nature as visual aids, presentations provide information in a summary form and are prepared as a presenter’s aid and support - not a standalone document. This Presentation is current as at the date of this Presentation. The information in this Presentation is of general background and does not purport to be complete. It should be read in conjunction with Altona’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au or www.altonamining.com. This Presentation contains certain “forward-looking statements”. Forward looking words such as, “expect”, “should”, “could ”, “may”, “plan”, “will”, “forecast”, “estimate”, “target” and other similar expressions are intended to identify forward-looking statements within the meaning of securities laws of applicable jurisdictions. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this Presentation are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Such forward-looking statements, opinions and estimates are not guarantees of future performance. This Presentation contains statements that are subject to risk factors associated with the mining industry. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, drilling and production results, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial market conditions in various countries and regions, political risks, project delay or advancement, approvals and cost estimates. Such forward- looking statements only speak as to the date of this Presentation and Altona assumes no obligation to update such information. Competent Person Statement The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled and reviewed by Dr Alistair Cowden BSc (Hons), PhD, MAusIMM, MAIG who is full time employee of the Company and have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Cowden consented to the inclusion in the report of the matters based on their information in the form and context in which it appears. altonamining.com February 2013 22.
  • 23. 2011 was a turbulent year, 2012 will be Altona’s year to shine Termite mounds watching summer THANKYOU storms at the Blackard deposit altonamining.com February 2013 23.