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INVESTOR PRESENTATIONOCTOBER 2014
ThispresentationcontainsonlyabriefoverviewofMillenniumMineralsLimited.Thecontentsofthispresentation,includingmattersrelatingtothegeologyofMillennium’sprojects,mayrelyonvariousassumptionsandsubjectiveinterpretationswhichitisnotpossibletodetailinthispresentationandwhichhavenotbeensubjecttoanyindependentverification. 
Thispresentationcontainsanumberofforwardlookingstatements.Knownandunknownrisksanduncertainties,andfactorsoutsideofMillennium’scontrol,maycausetheactualresults, performanceandachievementsofMillenniumtodiffermateriallyfromthoseexpressedorimpliedinthispresentation. 
Totheextentpermittedbylaw,Millenniumdoesnotwarranttheaccuracy,currencyorcompletenessoftheinformationinthispresentation,northefutureperformanceofMillennium, andwillnotberesponsibleforanylossordamagearisingfromtheuseofinformation. 
Theinformationcontainedinthispresentationisnotsuitablefordetailedinvestigationoranalysisofanyparticularissue.CurrentandpotentialinvestorsandshareholdersshouldseekindependentadvicebeforemakinganyinvestmentdecisioninregardtoMillenniumoritsactivities. 
DISCLAIMER 
2
WE DON’T NEED MORE TAXES
MILLENNIUM MINERALS -CORPORATE 
4 
MANAGEMENT 
BRIANREAR 
ManagingDirector & CEO 
RICHARDHILL 
Chief FinancialOfficer 
SIMONPOOLEY 
GMOperations 
GLENN DOVASTON 
Site GeneralManager 
PIERRE MALHERBE 
CompanySecretary 
EMERGING GOLD PRODUCER WITH A HIGH QUALITY TENEMENT PORTFOLIO IN THE EAST PILBARA DISTRICT, WESTERN AUSTRALIA 
REGISTERBREAKDOWN % 
CORPORATE SNAPSHOT 
ASX Code 
MOY 
Market Capitalisation 
~ AUD$17M 
Shares on issue 
218M 
Share Price 
$0.07 
Cash at 30 Sept 2014 
$4M 
Debt 
$32M 
BOARD 
RICHARD PROCTER 
Non Executive Chairman 
MICHAEL CHYE 
Non Executive Director 
ROSS GILLON 
Non Executive Director 
GREG BITTAR 
Non Executive Director 
BRIAN REAR 
Managing Director&CEO 
23 
20.3 
21 
34.7 
1 
Institutional 
High Net Worth 
Retail 
IMC Group 
Directors andManagement
EAST PILBARA DISTRICT-WESTERN AUSTRALIA 
5
NULLAGINE GOLD PROJECT 
6 
OVERVIEW
NULLAGINE GOLD PROJECT 
7 
~250 km2within one of the oldest, and perhaps least exploredGoldfieldsin Western Australia 
Project construction completed September 2012 
On Time and On Budget -$89M 
First gold poured September 2012 
CHARACTERISTICS 
JORCMINERALRESOURCES 
1.91M oz 
ORERESERVE 
464,400oz 
MINELIFE(APPROX) 
6 years 
CILPROCESSINGPLANTDESIGNCAPACITY 
1.5Mtpa 
1.91 million ounce gold resource at a grade of 1.26 g/t contained within 7 deposits locations on granted mining leases. 
Hedge contracts in place for d70% of forecast gold production at an average forward delivery price of d A$1,500 out toJune 2016
AUD Gold spot last 30 days 
8
AUD Gold spot last 6 months 
9
WEATHERING THE STORM 
10 
Multiple ore sources provide operational choices 
Ore hardness, grade, recovery 
Focus on margins 
Low-overhead, lean business model with a strong cost discipline 
Increase production while maintaining a constant asset and capital base 
Proactive approach to price and operational risk management 
Develop and maintain a strong pipeline of deposits at various points of the exploration/development cycle
OPERATING PERFORMANCE –AT A GLANCE 
11 
02,5005,0007,50010,00012,50015,00017,50020,000050,000100,000150,000200,000250,000300,000350,000400,000450,000Mar-14Jun-14Sept-14Production -ProcessingOre tonnes milled (LHS)Fine Gold Ounces (RHS) 05101520253005,00010,00015,00020,000Mar-14Jun-14Sept-14Gold Sales and RevenueOunces Sold (LHS)Revenue A$ Million (RHS) 18.717.818.10.05.010.015.020.0Mar-14Jun-14Sept-14Fine Gold Production (koz) 02004006008001,0001,2001,400Mar-14Jun-14Sept-14Unit CostsC1 CostsAll in sustaining Costs
HALF YEAR INTERIM FINANCIALS ANDSEPTEMBER QUARTER RESULTS 
12 
June 14 Half Year Results: 
The Company generated net operating cash flow of $7.49 million 
Mine level EBITDA was $11.26 million. 
After tax loss was $12.49 million. 
Gross operating margin averaged $386 per ounce 
September 14 Quarter Results: 
exceeded guidance of 16,000 to 18,000 ounces Au 
18,127 ounces fine gold produced 
Revenue of $27.4M 
Grade 1.70 g/t Au 
Recovery 87% 
Gross operating margin $435 per ounce
OPERATIONAL SUMMARY FY2014 YTD 
13 
September Qtr: 8% increase in grade milled, 8% increase in gross operating margin on YTD performance 
Quarterended 
Sep-14 
Jun-14 
Mar-14 
YTD-14 
Totalvolumemined(bcm) 
1,002,985 
951,235 
827,083 
2,781,303 
Oremilled(tonnes) 
382,676 
400,539 
426,473 
1,209,688 
Headgrade(g/tAu) 
1.70 
1.58 
1.49 
1.58 
Metallurgicalrecovery(%) 
87 
86 
89 
88 
Finegoldproduction(ounces) 
18,127 
17,788 
18,762 
54,677 
Goldsold(ounces) 
18,100 
17,793 
18,925 
54,818 
Goldsalesrevenue($M) 
27.4 
27.7 
27.6 
82.7 
C1cashcost($/ouncepoured) 
1,081 
1,178 
1,065 
1,107 
Sustainingcost($/ouncepoured) 
1,197 
1,303 
1,190 
1,229 
Grossoperatingmargin($/ouncepoured) 
435 
380 
393 
402
Dry hire mining fleet-owner operator and manage mining 
120 tonne and 80 tonne excavators, 777’s and 740’s -multiple pits 
140 man accommodation village –85-90 on site at any one time 
113 direct employees, includes 7 head office and exploration 
Corporate overhead -3% to 5% of revenue 
Senior Project finance -45% of all facilities repaid to date, $24.6M outstanding 
Asset leasing facility -$4M outstanding 
KEY OPERATING ELEMENTS 
14
15 
Primary Crusher 
Leach Circuit 
Crushed Ore 
Stockpile 
Elution and 
Gold Room 
Mill 
TAPPING THE POTENTIAL 
•Mill up time performance above 97% 
•Annualised throughput rates as high as 1.75 MTPY 
•Looking at exploiting mill performance in mine planning
16 
RESOURCE TO RESERVE GROWTH AHEAD 
0 
500,000 
1,000,000 
1,500,000 
2,000,000 
2,500,000 
FY04 
FY05 
FY06 
FY07 
FY08 
FY09 
FY10 
FY11 
FY12 
FY13 
FY14 
Mineral Resource and Ore Reserve 
Development 
Mineral Resource Ounces 
Ore Reserve Ounces 
Resource 
Development 
GFC 
Construction 
Commissioning 
Revised 
LOM and Ore Reserve
NULLAGINEGOLDPROJECT 
MineralResourceestimateincreased: 
-Up44%inounces 
-Up36%intonnes 
-Up6%ingrade 
-47.13Mtgradingat1.26g/tAufor1,908,800containedounces 
BEATONSCREEKJV 
MaidenMineralResourcesEstimate:421,000ounces 
CAMELCREEKJV(50%Millennium) 
MaidenOreReserve:0.64Mtgradingat1.53g/tAufor33,400ounces 
2013 EXPLORATION MILESTONE 
17
DEVELOPMENT PIPELINE -NOW 
18
1. Organic growth-3 areasof Project upside through exploration. 
a)GROWExisting deposits 
b)CONVERTResources→Reserves 
c)NEWMML prospects & development 
GROW RESOURCES & RESERVES 
19 
KEY to future material growth
A.GROW Existing 
•CONDOR-NW extension -200m+ strike, outcropping mineralisation with rock chips 9-24 g/t Au; 2 parallel zones 
•SHEARERS/OTWAYS-2 zones at Shearers west, 250m strike, recent RC holes 4m @ 1.72 g/t Au, 33m @ 0.59 g/t Au 
•OTHERS -small increments 
EXPLORATION –ORGANIC GROWTH 
20
B. Convert Mineral Resources to Reserves 
Au81only 2 km from Golden Eagle Plant 
•47,900 Oz Resource 2013 
•Excellent 2014 drilling results (ASX 4 June) 
•Updated Resource & maiden Reserve expected 2ndHalf 
Beatons Creek JV 
•421,000 Oz maiden Resource 2013 
•JV with Nova Resources 
EXPLORATION –ORGANIC GROWTH 
21
C. New Prospects 
Have historical workings (=high grades), ore-grade intersections and/or rock chips, limited drilling as yet 
a)Majuba Hill-800m+ strike within a 1.2 km soils anomaly, some RAB drilling: 2m @ 6.5g/t Au, recent 234g/t Au rock chip, Golden Eagle ‘look-alike’ alteration style 
b)Golden Eagle SW-1,000m+ strike, strong soils, 200m of RAB anomalism: e.g. 3m @ 2.1, same Golden Eagle alteration, strongest mineralisation trend 
EXPLORATION –ORGANIC GROWTH 
22
HIGH POTENTIAL NEW PROSPECTS & DEPOSITS 
Close to current deposits & infrastructure -low development capital requirements 23
DEVELOPMENT PIPELINE 
24 
Define 
& Grow 
Extract 
Prove up
GREENFIELDDEVELOPMENTWITHASOLIDTRACKRECORD 
-Consistent delivery of project milestones on time and within budget 
-Delivered on time and cost to build 
-Productionguidance met YTD 
EXPERIENCEDMANAGEMENTTEAMWITHTRACKRECORDOFDELIVERY 
-Extensive commercial, technical and resource sector experience 
STRONGVALUEPROPOSITION 
-Almost1.5:1 on 2014 interim cash flow multiples 
-EV/reserve ounces $125/ounce d50% producer average 
QUALITYASSETSWITHSIGNIFICANTORGANICGROWTHPOTENTIAL 
-Extensive exploration programplan:90% of portfolio in exploration-development phase 
-Virtuallyno greenfield exploration –targets are defined geological occurrences 
IT’S ALL ABOUT VALUE
INVESTOR PRESENTATIONOCTOBER 2014
APPENDICES –MINERAL RESOURCES 
27 
DEPOSIT 
MEASURED 
INDICATED 
INFERRED 
TOTAL 
Mt 
Grade 
Mt 
Grade 
Mt 
Grade 
Mt 
Grade 
Ounces 
g/t Au 
g/t Au 
g/t Au 
g/t Au 
Golden Eagle2 
13.24 
1.21 
4.4 
1.03 
4.17 
1.06 
21.82 
1.15 
805,000 
Bartons3 
1.72 
1.21 
1.44 
1.17 
0.55 
1.12 
3.71 
1.20 
141,000 
Shearers3 
0.59 
1.27 
1.48 
1.01 
0.26 
1.00 
2.33 
1.10 
81,000 
Otways3 
1.15 
0.81 
0.9 
0.87 
0.692 
0.92 
2.74 
0.86 
75,000 
All Nations3 
1.26 
1.36 
0.55 
1.08 
0.42 
1.04 
2.23 
1.23 
88,000 
Little Wonder3 
0.47 
1.35 
0.25 
1.43 
0.22 
1.68 
0.94 
1.45 
43,700 
Golden Gate (ABCD)4 
0.66 
3.30 
0.16 
2.99 
0.14 
2.29 
0.95 
3.10 
95,000 
Falcon4 
- 
- 
0.09 
3.90 
0.04 
4.40 
0.14 
4.00 
18,000 
Condor4 
0.15 
2.61 
0.05 
2.83 
0.03 
3.71 
0.22 
2.80 
20,000 
Harrier4 
- 
- 
0.1 
1.80 
0.04 
1.80 
0.14 
1.80 
8,000 
Crow4 
0.04 
3.14 
0.04 
2.62 
0.05 
2.34 
0.12 
2.65 
10,500 
G_Reef4 
- 
- 
0.03 
3.71 
0.02 
3.69 
0.05 
3.70 
6,200 
Au813 
- 
- 
- 
- 
1.5 
1.00 
1.5 
1.00 
47,900 
Camel Creek JV6 
0.62 
1.32 
0.36 
1.17 
0.35 
1.11 
1.34 
1.23 
52,500 
Beatons Creek Earn In7 
8.9 
1.47 
8.9 
1.47 
421,000 
Total 
19.9 
1.29 
9.85 
1.14 
17.38 
1.30 
47.13 
1.26 
1,912,800 
Notes: 
1.FiguresinTablemaynotsumduetorounding. 
2.TheGoldenEagledepositwasestimatedusingMultipleIndicatorKrigingmethodologyforgradeestimationbyCSAGlobal. 
3.TheBartons,Shearers,Otways,AllNations,LittleWonderandAu81wereestimatedusingOrdinaryKrigingmethodologyforgradeestimationbyCSAGlobal. 
4.TheGoldenGate(ABCDreef),andGoldenGatesatellitedeposits,namelyFalcon,Condor,Harrier,CrowandGReefwereestimatedusingOrdinaryKriging. 
5.TheGoldenGateandBartonsdepositsarethesubjectofamininglicenceagreementwherebyMillenniumhasthesoleandexclusiverighttoexploreandminegoldandotherminerals.Millenniumthenisrequiredtopay25%ofthenetproceedstothetenementowners(LivestockMarketingPtyLtd,DuncanThomasYoung,SimbaHoldingsPtyLtdandRonaldLaneSwinney)afterminingandprocessingcostdeductions. 
6.TheMineralResourcesattheCamelCreekJV(CCJV)wereestimatedusingOrdinaryKrigingmethodologybyCSAGlobal.OnlyMillennium's50%interestisstatedintheabovetable. 
7.TheMineralResourcesatBeatonsCreekdepositestimatedusingOrdinaryKrigingmethodologyforgradeestimationbyTetraTechInc.BeatonsCreekissubjecttoafarmin-JointVenturewithNovoResourcesCorp(Novo)(CNSX:NVO).UndertheFarm-InagreementNovomayearna70%interestintheBeatonsCreektenementsbydeliveringabankableFeasibilityStudyonthepropertywithin5yearsofcommencementoftheAgreementwhichwasexecutedinAugust2011.“AsNovohasyettoearnaninterestintheBeatonsCreektenements,theCompanyaccountsfor100%ofthemineralresourceontheBeatonsCreektenements. 
TheMineralResourcesestimatesincludepreviouslystatedOreReserves,andarecalculatedunderthe2004JORCcode.
28 
APPENDICES –ORE RESERVES 
PROSPECT 
PROVED 
PROBABLE 
TOTAL 
OUNCES 
tonnes 
grade (g/t Au) 
tonnes 
grade (g/t Au) 
tonnes 
grade (g/t Au) 
Golden Eagle 
4,305,200 
1.5 
522,100 
1.6 
4,827,400 
1.5 
237,500 
Bartons 
802,000 
1.5 
230,000 
1.6 
1,032,100 
1.6 
51,800 
All Nations 
354,100 
1.8 
13,000 
1.5 
367,100 
1.8 
21,300 
Shearers 
411,300 
1.5 
200,400 
1.4 
611,700 
1.4 
28,100 
Otways 
169,700 
1.3 
54,600 
1.2 
224,400 
1.3 
9,000 
Little Wonder 
105,500 
1.9 
11,700 
4.9 
117,300 
2.2 
8,500 
Golden Gate ABCD 
434,300 
3.4 
38,600 
4.1 
473,000 
3.5 
53,100 
Condor² 
66,900 
2.5 
18,900 
3.2 
85,800 
2.7 
7,300 
Crow² 
18,600 
2.6 
13,700 
2.5 
32,400 
2.5 
2,600 
Falcon² 
- 
- 
75,600 
3.9 
75,600 
3.9 
9,400 
Harrier² 
- 
- 
39,300 
2 
39,300 
2 
2,500 
G reef² 
- 
- 
31,900 
3.5 
31,900 
3.5 
3,600 
Little Wonder (CCJV) 
92,100 
1.5 
2,400 
1.6 
94,500 
1.5 
5,600 
Roscoes Reward 
153,200 
1.4 
23,200 
1.3 
176,400 
1.4 
7,600 
Junction 
43,000 
2.3 
4,300 
2.4 
47,400 
2.3 
3,500 
Total 
6,955,900 
1.7 
1,279,700 
1.9 
8,236,300 
1.7 
453,000 
Stockpiles ROM: LG 
420,700 
0.7 
9,400 
HG 
37,300 
1.7 
2,000 
TOTAL 
6,955,900 
1.7 
1,279,700 
1.9 
8,694,300 
1.7 
464,400
CompetentPersonsStatements–ExplorationResults 
MrIHay(MAIG),ageologistemployedfull-timebyMillenniumMineralsLimited,compiledthetechnicalaspectsofthisreport.MrHayisamemberoftheAustralianInstituteofGeoscientistsandhassufficientexperiencethatisrelevanttothisstyleofmineralizationandtypeofdepositunderconsiderationandtotheactivitythatisbeingreportedontoqualifyasaCompetentPersonasdefinedinthe2004editionofthe“AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves”.MrHayconsentstotheinclusioninthereportofthemattersintheformandcontextinwhichitappears. 
CompetentPersonsStatements–MineralResources 
TheinformationinthisReportwhichrelatestotheGoldenEagle,Bartons,Shearers,Otways,AllNations,LittleWonder,CCJV,ABCReef,DReef,CondorandCrowMineralResourceestimatesaccuratelyreflectsinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves).TheseMineralResourceestimateshavebeencompiledandpreparedbyDrBielinShi,(MAusIMM)ofCSAGlobalPty.Ltd.whoisaCompetentPersonasdefinedbytheAustralasianCodeforthereportingofExplorationResults,MineralResourcesandOreReserves(JORCCode)2004Editionandwhoconsentstotheinclusioninthisreportofthemattersbasedontheinformationintheformandcontextinwhichitappears. 
TheinformationinthisReportwhichrelatestotheAu81MineralResourceestimateaccuratelyreflectsinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves).TheAu81depositMineralResourceestimatehasbeencompiledandpreparedbyMr.GrantLouw(MAIG,MGSSA)ofCSAGlobalPty.Ltd.whoisaCompetentPersonasdefinedbytheAustralasianCodeforthereportingofExplorationResults,MineralResourcesandOreReserves(JORCCode)2004Editionandwhoconsentstotheinclusioninthisreportofthemattersbasedontheinformationintheformandcontextinwhichitappears. 
TheinformationinthisReportwhichrelatestotheGReefMineralResourceestimateaccuratelyreflectsinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves).TheGReefdepositMineralResourceestimatehasbeencompiledandpreparedbyMr.DmitryPertel(MAIG,MGSSA)ofCSAGlobalPty.Ltd.whoisaCompetentPersonasdefinedbytheAustralasianCodeforthereportingofExplorationResults,MineralResourcesandOreReserves(JORCCode)2004Editionandwhoconsentstotheinclusioninthisreportofthemattersbasedontheinformationintheformandcontextinwhichitappears. 
TheinformationinthisReportwhichrelatestotheFlaconandHarrierSatelliteMineralResourceestimatesaccuratelyreflectsinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves). TheFalconandHarriersatellitedepositsMineralResourceestimatehasbeencompiledandpreparedbyStevenHodgson,(MAIG)ofCSAGlobalPty.Ltd.whoisaCompetentPersonasdefinedbytheAustralasianCodeforthereportingofExplorationResults,MineralResourcesandOreReserves(JORCCode)2004Editionandwhoconsentstotheinclusioninthisreportofthemattersbasedontheinformationintheformandcontextinwhichitappears. 
COMPETENT PERSONS STATEMENTS 
29
COMPETENT PERSONS STATEMENTS 
30 
PatrickHuxtableofTetraTech,Perth,Australia,haspreparedtheMineralResourceEstimatefortheBeatonsCreekGoldProject,andisindependentofNovoResourcesCorporationforpurposesofNationalInstrument43‐101‐StandardsofDisclosureforMineralProjects("NI43‐101").MrHuxtable(RPGeoMAIG)isaQualifiedPersonasdefinedbyNI43‐101.Mineralresourcesthatarenotmineralreservesdonothavedemonstratedeconomicviability.Theestimateofmineralresourcesmaybemateriallyaffectedbyenvironmental,permitting,legal,title,taxation, sociopolitical,marketing,orotherrelevantissues.Thequantityandgradeofreportedinferredresourcesinthisestimationareuncertaininnatureandtherehasbeeninsufficientexplorationtodefinetheseinferredresourcesasanindicatedormeasuredmineralresourceanditisuncertainiffurtherexplorationwillresultinupgradingthemtoanindicatedormeasuredmineralresourcecategory.ThemineralresourcesinthisnewsreleasewereestimatedusingcurrentCanadianInstituteofMining,MetallurgyandPetroleum(CIM)standards,definitionsandguidelines. 
CompetentPersonsStatements–OreReserves 
TheinformationinthisReport,whichrelatestotheOreReserveestimatesaccuratelyreflectinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves).TheinformationinthispublicstatementthatrelatestotheOreReservesattheMillenniumMineralsNullagineProjectisbasedoninformationcompiledbyMrSteveLampronandMr.DanielTuffin.Mr.DanielTuffinofAuraliaMiningConsultingcompletedtheOreReserveestimate.MrDanielTuffinisaMemberoftheAustralasianInstituteofMiningandMetallurgy(#228649)andhassufficientexperiencethatisrelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitythattheyareundertakingtoqualifyhimasaCompetentPersonasdefinedinaccordancewiththeAustralasianJointOreReservesCommittee(JORC).
BRIAN REAR, MSc, AWASM (Metallurgy), Managing Director/CEO 
Mr Rear is a graduate of the Western Australian School of Mines (AWASM Metallurgy), The Royal School of Mines (MSc London, Mineral Process Design, DIC) and holds a Masters Degree in Business Leadership from the Business School of the University of South Africa. He is a member of the Australian Institute of Company Directors. He has extensive international experience in process engineering, project development and company management having successfully developed three green-field projects and the turnaround of a fourth covering base metals and thermal coal. His career includes stints with Rio Tinto, Anglo Vaal Limited, Straits Resources (founding director and CEO) and CopperCo Limitedcovering commodities as diverse as thermal coal, gold, uranium, base metals and industrial minerals. Mr Rear has accumulated significant experience in the development and in the operation of copper heap leach SX-EW projects, feasibility studies and project finance. He has work experience in Papua New Guinea, Indonesia, Southern Africa, United Kingdom, East Asia and Australia. 
RICHARD PROCTOR, BSc (Mining), MBA, CEng, Non-Executive Chairman 
Mr. Procter is a mining engineer with over 30 years broad international experience encompassing roles in the corporate, operations, contracting, consulting and mine development areas. He has held senior industry positions that have demonstrated leadership and management of base and precious metal mining companies (both underground and open); development of project assessment types including definitive/bankable feasibility studies and their conversion into mining operations; managed teams undertaking mining asset evaluations and valuations, including technical and operational audits (encompassing complete mining asset due diligence and expert reports). He also has been involved in many mining operation start-ups (both small and large) -as well as the re-engineering of large ongoing operations. 
ROSS GILLON, BJuris, LLB, Non-Executive Director 
Mr Gillon, principal of the legal firm Lawton Gillon, has been in legal practice for over 30 years and has previously been a Director of a number of exploration companies. 
GREG BITTAR Non-Executive Director 
Mr Bittar has over 15 years investment banking and mining resource sector experience in Australia and overseas -having worked for BankersTrust, Baring Brothers Burrows and following the completion of his Masters in Finance in 2000, he joined Morgan Stanley, workingin London, Melbourne and Sydney. He has extensive experience in public and private markets mergers and acquisitions, capital markets andstrategic advisory assignments across a range of sectors including general industrials, metals and mining, mining services and energy. . MICHAEL CHYE Non-Executive Director 
Mr Chyehas more than 25 years’ experience in finance and investments. He commenced his career in academia and subsequently worked for the Singapore Government and multi-national companies before joining the TCC Group. He has also been an independent Director and Audit Committee Chairman of publicly listed companies in Singapore.Mr Chyegraduated with a Bachelor of Business Studies (with First Class Honours) and a Masters (with Distinction) from Massey University, New Zealand. He is a Fellow of the Institute of Singapore Chartered Accountants, a member of the Singapore Institute of Directors and an Associate of the Singapore Association of the Institute of Chartered Secretaries and Administrators. 
DIRECTORS AND MANAGEMENT 
31
DIRECTORS AND MANAGEMENT 
32 
SIMON POOLEY, BSc (Geology), MAusIMM, MAIG, MAICD General Manager Operations 
Mr Pooley is a geologist with over 30 years broad international experience encompassing roles in the corporate, operations, exploration and mine development areas. He has held senior industry positions that have demonstrated leadership and management of base and precious metal exploration and mining operations; development of project assessment types including definitive/bankable feasibility studies andtheir conversion into mining operations and managed teams undertaking exploration evaluations and valuations. He is a member of the AustralasianInstitute of Mining and Metallurgy as well as the Australian Institute of Geoscientists. His career includes stints with Dominion Mining, Ashton Mining and Rio Tinto covering commodities as diverse as gold, base metals, diamonds and industrial minerals. He has been involved in a number of mining operation start-ups from exploration through to construction and production. 
RICHARD HILL, BComm, CPA, Chief Financial Officer 
Mr Hill holds a Bachelor of Commerce degree, and is a qualified CPA. Richard has gained 14 years within gold and iron ore mining companies in a range of financial and commercial roles. He has had exposure across the resources spectrum in operations, development projects (in all phases from prefeasibility, construction and start-up through to operations), project evaluation and the closure of projects.He has wide experience in financial reporting, financial management of both projects and operations, treasury management, compliance and risk management. He has had experience in numerous corporate restructures and subsequent integration of companies. His career includes 2 years at AdamusResources Limited in the most recent capacity as General Manager Finance, 1 and 1/2 years at Grange Resources Limited as Senior Corporate Finance Manager and Financial Controller and 8 years at Newmont Australia Limited in numerous roles including Commercial Manager.

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Investor Presentation | Millennium Materials (ASX:MOY) | Gold Investment Symposium 2014

  • 2. ThispresentationcontainsonlyabriefoverviewofMillenniumMineralsLimited.Thecontentsofthispresentation,includingmattersrelatingtothegeologyofMillennium’sprojects,mayrelyonvariousassumptionsandsubjectiveinterpretationswhichitisnotpossibletodetailinthispresentationandwhichhavenotbeensubjecttoanyindependentverification. Thispresentationcontainsanumberofforwardlookingstatements.Knownandunknownrisksanduncertainties,andfactorsoutsideofMillennium’scontrol,maycausetheactualresults, performanceandachievementsofMillenniumtodiffermateriallyfromthoseexpressedorimpliedinthispresentation. Totheextentpermittedbylaw,Millenniumdoesnotwarranttheaccuracy,currencyorcompletenessoftheinformationinthispresentation,northefutureperformanceofMillennium, andwillnotberesponsibleforanylossordamagearisingfromtheuseofinformation. Theinformationcontainedinthispresentationisnotsuitablefordetailedinvestigationoranalysisofanyparticularissue.CurrentandpotentialinvestorsandshareholdersshouldseekindependentadvicebeforemakinganyinvestmentdecisioninregardtoMillenniumoritsactivities. DISCLAIMER 2
  • 3. WE DON’T NEED MORE TAXES
  • 4. MILLENNIUM MINERALS -CORPORATE 4 MANAGEMENT BRIANREAR ManagingDirector & CEO RICHARDHILL Chief FinancialOfficer SIMONPOOLEY GMOperations GLENN DOVASTON Site GeneralManager PIERRE MALHERBE CompanySecretary EMERGING GOLD PRODUCER WITH A HIGH QUALITY TENEMENT PORTFOLIO IN THE EAST PILBARA DISTRICT, WESTERN AUSTRALIA REGISTERBREAKDOWN % CORPORATE SNAPSHOT ASX Code MOY Market Capitalisation ~ AUD$17M Shares on issue 218M Share Price $0.07 Cash at 30 Sept 2014 $4M Debt $32M BOARD RICHARD PROCTER Non Executive Chairman MICHAEL CHYE Non Executive Director ROSS GILLON Non Executive Director GREG BITTAR Non Executive Director BRIAN REAR Managing Director&CEO 23 20.3 21 34.7 1 Institutional High Net Worth Retail IMC Group Directors andManagement
  • 7. NULLAGINE GOLD PROJECT 7 ~250 km2within one of the oldest, and perhaps least exploredGoldfieldsin Western Australia Project construction completed September 2012 On Time and On Budget -$89M First gold poured September 2012 CHARACTERISTICS JORCMINERALRESOURCES 1.91M oz ORERESERVE 464,400oz MINELIFE(APPROX) 6 years CILPROCESSINGPLANTDESIGNCAPACITY 1.5Mtpa 1.91 million ounce gold resource at a grade of 1.26 g/t contained within 7 deposits locations on granted mining leases. Hedge contracts in place for d70% of forecast gold production at an average forward delivery price of d A$1,500 out toJune 2016
  • 8. AUD Gold spot last 30 days 8
  • 9. AUD Gold spot last 6 months 9
  • 10. WEATHERING THE STORM 10 Multiple ore sources provide operational choices Ore hardness, grade, recovery Focus on margins Low-overhead, lean business model with a strong cost discipline Increase production while maintaining a constant asset and capital base Proactive approach to price and operational risk management Develop and maintain a strong pipeline of deposits at various points of the exploration/development cycle
  • 11. OPERATING PERFORMANCE –AT A GLANCE 11 02,5005,0007,50010,00012,50015,00017,50020,000050,000100,000150,000200,000250,000300,000350,000400,000450,000Mar-14Jun-14Sept-14Production -ProcessingOre tonnes milled (LHS)Fine Gold Ounces (RHS) 05101520253005,00010,00015,00020,000Mar-14Jun-14Sept-14Gold Sales and RevenueOunces Sold (LHS)Revenue A$ Million (RHS) 18.717.818.10.05.010.015.020.0Mar-14Jun-14Sept-14Fine Gold Production (koz) 02004006008001,0001,2001,400Mar-14Jun-14Sept-14Unit CostsC1 CostsAll in sustaining Costs
  • 12. HALF YEAR INTERIM FINANCIALS ANDSEPTEMBER QUARTER RESULTS 12 June 14 Half Year Results: The Company generated net operating cash flow of $7.49 million Mine level EBITDA was $11.26 million. After tax loss was $12.49 million. Gross operating margin averaged $386 per ounce September 14 Quarter Results: exceeded guidance of 16,000 to 18,000 ounces Au 18,127 ounces fine gold produced Revenue of $27.4M Grade 1.70 g/t Au Recovery 87% Gross operating margin $435 per ounce
  • 13. OPERATIONAL SUMMARY FY2014 YTD 13 September Qtr: 8% increase in grade milled, 8% increase in gross operating margin on YTD performance Quarterended Sep-14 Jun-14 Mar-14 YTD-14 Totalvolumemined(bcm) 1,002,985 951,235 827,083 2,781,303 Oremilled(tonnes) 382,676 400,539 426,473 1,209,688 Headgrade(g/tAu) 1.70 1.58 1.49 1.58 Metallurgicalrecovery(%) 87 86 89 88 Finegoldproduction(ounces) 18,127 17,788 18,762 54,677 Goldsold(ounces) 18,100 17,793 18,925 54,818 Goldsalesrevenue($M) 27.4 27.7 27.6 82.7 C1cashcost($/ouncepoured) 1,081 1,178 1,065 1,107 Sustainingcost($/ouncepoured) 1,197 1,303 1,190 1,229 Grossoperatingmargin($/ouncepoured) 435 380 393 402
  • 14. Dry hire mining fleet-owner operator and manage mining 120 tonne and 80 tonne excavators, 777’s and 740’s -multiple pits 140 man accommodation village –85-90 on site at any one time 113 direct employees, includes 7 head office and exploration Corporate overhead -3% to 5% of revenue Senior Project finance -45% of all facilities repaid to date, $24.6M outstanding Asset leasing facility -$4M outstanding KEY OPERATING ELEMENTS 14
  • 15. 15 Primary Crusher Leach Circuit Crushed Ore Stockpile Elution and Gold Room Mill TAPPING THE POTENTIAL •Mill up time performance above 97% •Annualised throughput rates as high as 1.75 MTPY •Looking at exploiting mill performance in mine planning
  • 16. 16 RESOURCE TO RESERVE GROWTH AHEAD 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 Mineral Resource and Ore Reserve Development Mineral Resource Ounces Ore Reserve Ounces Resource Development GFC Construction Commissioning Revised LOM and Ore Reserve
  • 17. NULLAGINEGOLDPROJECT MineralResourceestimateincreased: -Up44%inounces -Up36%intonnes -Up6%ingrade -47.13Mtgradingat1.26g/tAufor1,908,800containedounces BEATONSCREEKJV MaidenMineralResourcesEstimate:421,000ounces CAMELCREEKJV(50%Millennium) MaidenOreReserve:0.64Mtgradingat1.53g/tAufor33,400ounces 2013 EXPLORATION MILESTONE 17
  • 19. 1. Organic growth-3 areasof Project upside through exploration. a)GROWExisting deposits b)CONVERTResources→Reserves c)NEWMML prospects & development GROW RESOURCES & RESERVES 19 KEY to future material growth
  • 20. A.GROW Existing •CONDOR-NW extension -200m+ strike, outcropping mineralisation with rock chips 9-24 g/t Au; 2 parallel zones •SHEARERS/OTWAYS-2 zones at Shearers west, 250m strike, recent RC holes 4m @ 1.72 g/t Au, 33m @ 0.59 g/t Au •OTHERS -small increments EXPLORATION –ORGANIC GROWTH 20
  • 21. B. Convert Mineral Resources to Reserves Au81only 2 km from Golden Eagle Plant •47,900 Oz Resource 2013 •Excellent 2014 drilling results (ASX 4 June) •Updated Resource & maiden Reserve expected 2ndHalf Beatons Creek JV •421,000 Oz maiden Resource 2013 •JV with Nova Resources EXPLORATION –ORGANIC GROWTH 21
  • 22. C. New Prospects Have historical workings (=high grades), ore-grade intersections and/or rock chips, limited drilling as yet a)Majuba Hill-800m+ strike within a 1.2 km soils anomaly, some RAB drilling: 2m @ 6.5g/t Au, recent 234g/t Au rock chip, Golden Eagle ‘look-alike’ alteration style b)Golden Eagle SW-1,000m+ strike, strong soils, 200m of RAB anomalism: e.g. 3m @ 2.1, same Golden Eagle alteration, strongest mineralisation trend EXPLORATION –ORGANIC GROWTH 22
  • 23. HIGH POTENTIAL NEW PROSPECTS & DEPOSITS Close to current deposits & infrastructure -low development capital requirements 23
  • 24. DEVELOPMENT PIPELINE 24 Define & Grow Extract Prove up
  • 25. GREENFIELDDEVELOPMENTWITHASOLIDTRACKRECORD -Consistent delivery of project milestones on time and within budget -Delivered on time and cost to build -Productionguidance met YTD EXPERIENCEDMANAGEMENTTEAMWITHTRACKRECORDOFDELIVERY -Extensive commercial, technical and resource sector experience STRONGVALUEPROPOSITION -Almost1.5:1 on 2014 interim cash flow multiples -EV/reserve ounces $125/ounce d50% producer average QUALITYASSETSWITHSIGNIFICANTORGANICGROWTHPOTENTIAL -Extensive exploration programplan:90% of portfolio in exploration-development phase -Virtuallyno greenfield exploration –targets are defined geological occurrences IT’S ALL ABOUT VALUE
  • 27. APPENDICES –MINERAL RESOURCES 27 DEPOSIT MEASURED INDICATED INFERRED TOTAL Mt Grade Mt Grade Mt Grade Mt Grade Ounces g/t Au g/t Au g/t Au g/t Au Golden Eagle2 13.24 1.21 4.4 1.03 4.17 1.06 21.82 1.15 805,000 Bartons3 1.72 1.21 1.44 1.17 0.55 1.12 3.71 1.20 141,000 Shearers3 0.59 1.27 1.48 1.01 0.26 1.00 2.33 1.10 81,000 Otways3 1.15 0.81 0.9 0.87 0.692 0.92 2.74 0.86 75,000 All Nations3 1.26 1.36 0.55 1.08 0.42 1.04 2.23 1.23 88,000 Little Wonder3 0.47 1.35 0.25 1.43 0.22 1.68 0.94 1.45 43,700 Golden Gate (ABCD)4 0.66 3.30 0.16 2.99 0.14 2.29 0.95 3.10 95,000 Falcon4 - - 0.09 3.90 0.04 4.40 0.14 4.00 18,000 Condor4 0.15 2.61 0.05 2.83 0.03 3.71 0.22 2.80 20,000 Harrier4 - - 0.1 1.80 0.04 1.80 0.14 1.80 8,000 Crow4 0.04 3.14 0.04 2.62 0.05 2.34 0.12 2.65 10,500 G_Reef4 - - 0.03 3.71 0.02 3.69 0.05 3.70 6,200 Au813 - - - - 1.5 1.00 1.5 1.00 47,900 Camel Creek JV6 0.62 1.32 0.36 1.17 0.35 1.11 1.34 1.23 52,500 Beatons Creek Earn In7 8.9 1.47 8.9 1.47 421,000 Total 19.9 1.29 9.85 1.14 17.38 1.30 47.13 1.26 1,912,800 Notes: 1.FiguresinTablemaynotsumduetorounding. 2.TheGoldenEagledepositwasestimatedusingMultipleIndicatorKrigingmethodologyforgradeestimationbyCSAGlobal. 3.TheBartons,Shearers,Otways,AllNations,LittleWonderandAu81wereestimatedusingOrdinaryKrigingmethodologyforgradeestimationbyCSAGlobal. 4.TheGoldenGate(ABCDreef),andGoldenGatesatellitedeposits,namelyFalcon,Condor,Harrier,CrowandGReefwereestimatedusingOrdinaryKriging. 5.TheGoldenGateandBartonsdepositsarethesubjectofamininglicenceagreementwherebyMillenniumhasthesoleandexclusiverighttoexploreandminegoldandotherminerals.Millenniumthenisrequiredtopay25%ofthenetproceedstothetenementowners(LivestockMarketingPtyLtd,DuncanThomasYoung,SimbaHoldingsPtyLtdandRonaldLaneSwinney)afterminingandprocessingcostdeductions. 6.TheMineralResourcesattheCamelCreekJV(CCJV)wereestimatedusingOrdinaryKrigingmethodologybyCSAGlobal.OnlyMillennium's50%interestisstatedintheabovetable. 7.TheMineralResourcesatBeatonsCreekdepositestimatedusingOrdinaryKrigingmethodologyforgradeestimationbyTetraTechInc.BeatonsCreekissubjecttoafarmin-JointVenturewithNovoResourcesCorp(Novo)(CNSX:NVO).UndertheFarm-InagreementNovomayearna70%interestintheBeatonsCreektenementsbydeliveringabankableFeasibilityStudyonthepropertywithin5yearsofcommencementoftheAgreementwhichwasexecutedinAugust2011.“AsNovohasyettoearnaninterestintheBeatonsCreektenements,theCompanyaccountsfor100%ofthemineralresourceontheBeatonsCreektenements. TheMineralResourcesestimatesincludepreviouslystatedOreReserves,andarecalculatedunderthe2004JORCcode.
  • 28. 28 APPENDICES –ORE RESERVES PROSPECT PROVED PROBABLE TOTAL OUNCES tonnes grade (g/t Au) tonnes grade (g/t Au) tonnes grade (g/t Au) Golden Eagle 4,305,200 1.5 522,100 1.6 4,827,400 1.5 237,500 Bartons 802,000 1.5 230,000 1.6 1,032,100 1.6 51,800 All Nations 354,100 1.8 13,000 1.5 367,100 1.8 21,300 Shearers 411,300 1.5 200,400 1.4 611,700 1.4 28,100 Otways 169,700 1.3 54,600 1.2 224,400 1.3 9,000 Little Wonder 105,500 1.9 11,700 4.9 117,300 2.2 8,500 Golden Gate ABCD 434,300 3.4 38,600 4.1 473,000 3.5 53,100 Condor² 66,900 2.5 18,900 3.2 85,800 2.7 7,300 Crow² 18,600 2.6 13,700 2.5 32,400 2.5 2,600 Falcon² - - 75,600 3.9 75,600 3.9 9,400 Harrier² - - 39,300 2 39,300 2 2,500 G reef² - - 31,900 3.5 31,900 3.5 3,600 Little Wonder (CCJV) 92,100 1.5 2,400 1.6 94,500 1.5 5,600 Roscoes Reward 153,200 1.4 23,200 1.3 176,400 1.4 7,600 Junction 43,000 2.3 4,300 2.4 47,400 2.3 3,500 Total 6,955,900 1.7 1,279,700 1.9 8,236,300 1.7 453,000 Stockpiles ROM: LG 420,700 0.7 9,400 HG 37,300 1.7 2,000 TOTAL 6,955,900 1.7 1,279,700 1.9 8,694,300 1.7 464,400
  • 29. CompetentPersonsStatements–ExplorationResults MrIHay(MAIG),ageologistemployedfull-timebyMillenniumMineralsLimited,compiledthetechnicalaspectsofthisreport.MrHayisamemberoftheAustralianInstituteofGeoscientistsandhassufficientexperiencethatisrelevanttothisstyleofmineralizationandtypeofdepositunderconsiderationandtotheactivitythatisbeingreportedontoqualifyasaCompetentPersonasdefinedinthe2004editionofthe“AustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves”.MrHayconsentstotheinclusioninthereportofthemattersintheformandcontextinwhichitappears. CompetentPersonsStatements–MineralResources TheinformationinthisReportwhichrelatestotheGoldenEagle,Bartons,Shearers,Otways,AllNations,LittleWonder,CCJV,ABCReef,DReef,CondorandCrowMineralResourceestimatesaccuratelyreflectsinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves).TheseMineralResourceestimateshavebeencompiledandpreparedbyDrBielinShi,(MAusIMM)ofCSAGlobalPty.Ltd.whoisaCompetentPersonasdefinedbytheAustralasianCodeforthereportingofExplorationResults,MineralResourcesandOreReserves(JORCCode)2004Editionandwhoconsentstotheinclusioninthisreportofthemattersbasedontheinformationintheformandcontextinwhichitappears. TheinformationinthisReportwhichrelatestotheAu81MineralResourceestimateaccuratelyreflectsinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves).TheAu81depositMineralResourceestimatehasbeencompiledandpreparedbyMr.GrantLouw(MAIG,MGSSA)ofCSAGlobalPty.Ltd.whoisaCompetentPersonasdefinedbytheAustralasianCodeforthereportingofExplorationResults,MineralResourcesandOreReserves(JORCCode)2004Editionandwhoconsentstotheinclusioninthisreportofthemattersbasedontheinformationintheformandcontextinwhichitappears. TheinformationinthisReportwhichrelatestotheGReefMineralResourceestimateaccuratelyreflectsinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves).TheGReefdepositMineralResourceestimatehasbeencompiledandpreparedbyMr.DmitryPertel(MAIG,MGSSA)ofCSAGlobalPty.Ltd.whoisaCompetentPersonasdefinedbytheAustralasianCodeforthereportingofExplorationResults,MineralResourcesandOreReserves(JORCCode)2004Editionandwhoconsentstotheinclusioninthisreportofthemattersbasedontheinformationintheformandcontextinwhichitappears. TheinformationinthisReportwhichrelatestotheFlaconandHarrierSatelliteMineralResourceestimatesaccuratelyreflectsinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves). TheFalconandHarriersatellitedepositsMineralResourceestimatehasbeencompiledandpreparedbyStevenHodgson,(MAIG)ofCSAGlobalPty.Ltd.whoisaCompetentPersonasdefinedbytheAustralasianCodeforthereportingofExplorationResults,MineralResourcesandOreReserves(JORCCode)2004Editionandwhoconsentstotheinclusioninthisreportofthemattersbasedontheinformationintheformandcontextinwhichitappears. COMPETENT PERSONS STATEMENTS 29
  • 30. COMPETENT PERSONS STATEMENTS 30 PatrickHuxtableofTetraTech,Perth,Australia,haspreparedtheMineralResourceEstimatefortheBeatonsCreekGoldProject,andisindependentofNovoResourcesCorporationforpurposesofNationalInstrument43‐101‐StandardsofDisclosureforMineralProjects("NI43‐101").MrHuxtable(RPGeoMAIG)isaQualifiedPersonasdefinedbyNI43‐101.Mineralresourcesthatarenotmineralreservesdonothavedemonstratedeconomicviability.Theestimateofmineralresourcesmaybemateriallyaffectedbyenvironmental,permitting,legal,title,taxation, sociopolitical,marketing,orotherrelevantissues.Thequantityandgradeofreportedinferredresourcesinthisestimationareuncertaininnatureandtherehasbeeninsufficientexplorationtodefinetheseinferredresourcesasanindicatedormeasuredmineralresourceanditisuncertainiffurtherexplorationwillresultinupgradingthemtoanindicatedormeasuredmineralresourcecategory.ThemineralresourcesinthisnewsreleasewereestimatedusingcurrentCanadianInstituteofMining,MetallurgyandPetroleum(CIM)standards,definitionsandguidelines. CompetentPersonsStatements–OreReserves TheinformationinthisReport,whichrelatestotheOreReserveestimatesaccuratelyreflectinformationpreparedbycompetentpersons(asdefinedbytheAustralasianCodeforReportingofExplorationResults,MineralResourcesandOreReserves).TheinformationinthispublicstatementthatrelatestotheOreReservesattheMillenniumMineralsNullagineProjectisbasedoninformationcompiledbyMrSteveLampronandMr.DanielTuffin.Mr.DanielTuffinofAuraliaMiningConsultingcompletedtheOreReserveestimate.MrDanielTuffinisaMemberoftheAustralasianInstituteofMiningandMetallurgy(#228649)andhassufficientexperiencethatisrelevanttothestyleofmineralisationandtypeofdepositunderconsiderationandtotheactivitythattheyareundertakingtoqualifyhimasaCompetentPersonasdefinedinaccordancewiththeAustralasianJointOreReservesCommittee(JORC).
  • 31. BRIAN REAR, MSc, AWASM (Metallurgy), Managing Director/CEO Mr Rear is a graduate of the Western Australian School of Mines (AWASM Metallurgy), The Royal School of Mines (MSc London, Mineral Process Design, DIC) and holds a Masters Degree in Business Leadership from the Business School of the University of South Africa. He is a member of the Australian Institute of Company Directors. He has extensive international experience in process engineering, project development and company management having successfully developed three green-field projects and the turnaround of a fourth covering base metals and thermal coal. His career includes stints with Rio Tinto, Anglo Vaal Limited, Straits Resources (founding director and CEO) and CopperCo Limitedcovering commodities as diverse as thermal coal, gold, uranium, base metals and industrial minerals. Mr Rear has accumulated significant experience in the development and in the operation of copper heap leach SX-EW projects, feasibility studies and project finance. He has work experience in Papua New Guinea, Indonesia, Southern Africa, United Kingdom, East Asia and Australia. RICHARD PROCTOR, BSc (Mining), MBA, CEng, Non-Executive Chairman Mr. Procter is a mining engineer with over 30 years broad international experience encompassing roles in the corporate, operations, contracting, consulting and mine development areas. He has held senior industry positions that have demonstrated leadership and management of base and precious metal mining companies (both underground and open); development of project assessment types including definitive/bankable feasibility studies and their conversion into mining operations; managed teams undertaking mining asset evaluations and valuations, including technical and operational audits (encompassing complete mining asset due diligence and expert reports). He also has been involved in many mining operation start-ups (both small and large) -as well as the re-engineering of large ongoing operations. ROSS GILLON, BJuris, LLB, Non-Executive Director Mr Gillon, principal of the legal firm Lawton Gillon, has been in legal practice for over 30 years and has previously been a Director of a number of exploration companies. GREG BITTAR Non-Executive Director Mr Bittar has over 15 years investment banking and mining resource sector experience in Australia and overseas -having worked for BankersTrust, Baring Brothers Burrows and following the completion of his Masters in Finance in 2000, he joined Morgan Stanley, workingin London, Melbourne and Sydney. He has extensive experience in public and private markets mergers and acquisitions, capital markets andstrategic advisory assignments across a range of sectors including general industrials, metals and mining, mining services and energy. . MICHAEL CHYE Non-Executive Director Mr Chyehas more than 25 years’ experience in finance and investments. He commenced his career in academia and subsequently worked for the Singapore Government and multi-national companies before joining the TCC Group. He has also been an independent Director and Audit Committee Chairman of publicly listed companies in Singapore.Mr Chyegraduated with a Bachelor of Business Studies (with First Class Honours) and a Masters (with Distinction) from Massey University, New Zealand. He is a Fellow of the Institute of Singapore Chartered Accountants, a member of the Singapore Institute of Directors and an Associate of the Singapore Association of the Institute of Chartered Secretaries and Administrators. DIRECTORS AND MANAGEMENT 31
  • 32. DIRECTORS AND MANAGEMENT 32 SIMON POOLEY, BSc (Geology), MAusIMM, MAIG, MAICD General Manager Operations Mr Pooley is a geologist with over 30 years broad international experience encompassing roles in the corporate, operations, exploration and mine development areas. He has held senior industry positions that have demonstrated leadership and management of base and precious metal exploration and mining operations; development of project assessment types including definitive/bankable feasibility studies andtheir conversion into mining operations and managed teams undertaking exploration evaluations and valuations. He is a member of the AustralasianInstitute of Mining and Metallurgy as well as the Australian Institute of Geoscientists. His career includes stints with Dominion Mining, Ashton Mining and Rio Tinto covering commodities as diverse as gold, base metals, diamonds and industrial minerals. He has been involved in a number of mining operation start-ups from exploration through to construction and production. RICHARD HILL, BComm, CPA, Chief Financial Officer Mr Hill holds a Bachelor of Commerce degree, and is a qualified CPA. Richard has gained 14 years within gold and iron ore mining companies in a range of financial and commercial roles. He has had exposure across the resources spectrum in operations, development projects (in all phases from prefeasibility, construction and start-up through to operations), project evaluation and the closure of projects.He has wide experience in financial reporting, financial management of both projects and operations, treasury management, compliance and risk management. He has had experience in numerous corporate restructures and subsequent integration of companies. His career includes 2 years at AdamusResources Limited in the most recent capacity as General Manager Finance, 1 and 1/2 years at Grange Resources Limited as Senior Corporate Finance Manager and Financial Controller and 8 years at Newmont Australia Limited in numerous roles including Commercial Manager.