Philex Mining Corporation Mining For The Future Jose Ernesto C. Villaluna, Jr. President & Chief Operating Officer September 14-15 2010

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Ca Rong Do [Red Emperor] discovery well
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5. MINE
COPPER / GOLD PROSPECTS
COAL PROJECT
PADCAL MINE
Benguet
BULAWAN MINE
VISTA ALEGRE SILANGAN PROJECT
BULOG PROSPECT (BOYONGAN / BAYUGO)
Negros Occidental Surigao del Norte
SIBUTAD PROJECT
Zamboanga d l N t
Z b del Norte
BRIXTON COAL
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Zamboanga Sibugay

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7. Philex Poro Point Loading Facility
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8. MINERAL RESOURCES
Contained
Tonnes Copper Gold
Copper Gold
(millions) % g/t
(million lbs.) (000 ozs.)
156 0.24 0.50 807 2,500
PROVED RESERVES
Recoverable
R bl
Tonnes Copper Gold DECLARED
Copper Gold LIFE OF MINE
(millions) % g/t
(million lbs.) (000 ozs.) To June 2017
69 0.22 0.44 274 744
Based on metal prices of $800/oz gold
and $2.00/lb copper.
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9. Comprised of two gold-copper porphyry deposits
one kilometer apart: (1) Bayugo and (2) Boyongan
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10. BAYUGO ORE ZONE MODEL @ 0.4%Cu cut‐off
BAYUGO ORE ZONE MODEL @ 0.4%Cu cut‐
3D‐view looking southeast

11. BAYUGO COPPER RESOURCE MODEL @ 0.4%Cu cut‐
BAYUGO COPPER RESOURCE MODEL @ 0.4%Cu cut‐off
3D‐view looking southeast

12. Contained
RESOURCES Million Copper Gold Copper Gold
Tonnes % g/t (M lb ) (M
(M lbs.) (M ozs.)
)
Boyongan (Measured +
)
Indicated) 105.4 0.80 0.98 1,800 3.3
Bayugo (Indicated) 85.7 0.88 0.73 1,700
2.0
Total (Measured +
Indicated) 191.1 0.84 0.87 3,500
5.3
Bayugo (Inferred) 32.7 0.75 0.63 500
0.6
Boyongan Resource at cut-off grade of 0.5% copper
based on metal prices of $700/oz gold and $2.75/lb
pp
copper.
Bayugo Resource at cut-off grade of 0.4% copper.
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13. Baguio
Manila
LUZON
Oil SC 6
& 14 Oil SC 40
Natural Gas
Forum Energy Plc (51.9%)
gy ( ) VISAYAS
SAMPAGUITA
Oil & Gas
Pitkin Petroleum Plc (21%)
VIETNAM
CA RONG DO
MINDANAO
Oil Oil SC 41
PetroEnergy Resources Corp.
AFRICA (20.6%)
(20 6%)
ETAME
BRIXTON
COAL 13

14. Padcal Mine
Manila
• For commercial operation in 2010
• Target production rate of 150,000 tonnes per year
for 10 years
years.
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15. Awarded in 1995 as One of the 50 Model Communities
in the World by the We the Peoples’ Organization of
the United Nations
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