Phoenix Copper Ltd September 2014 A NEW DIRECTION 1 COPPER GOLD - PowerPoint PPT Presentation

Phoenix Copper Ltd September 2014 A NEW DIRECTION 1 COPPER GOLD SILVER LEAD ZINC

Snapshot – Agreement to acquire and JV in the NT • Agreement to acquire (100%) existing massive sulphide deposits from Canadian listed gold producer Crocodile Gold Corp (1) • Defined resources on granted MLs, high metal value, multiple commodities - Au, Ag, Pb, Zn, Cu • Agreement to earn-in to 90% over large exploration tenure (2) • Multiple untested drill-ready base metals targets • Underexplored for base metals • Pine Creek Orogen • Close to infrastructure 2 Aim – add value by quickly advancing existing deposits in addition to discovering new economic resources

Corporate Snapshot ASX code: PNX Market cap: ~$8.2M Cash end June Qtr: $0.45M Ordinary shares: 235M Share Price 22 nd Sept: 3.5c Unsecured loan (3) $1.2M Avalon Minerals Ltd (AVI) investment (~9%) ~$1.0M at 0.8c Board and Management Major Shareholders Long Fortune Limited 11.5% Independent Chairman - Graham Ascough Asia Image Limited 10.5% Independent Director - Peter Watson Talis SA 9.9% Independent Director - Paul Dowd Directors & Management 5% Independent Director - David Hillier Top 20 shareholders hold ~75.6% CEO – James Fox 3 of the company Company Secretary & CFO – Tim Moran Geology Manager – Nicole Galloway

Hayes Creek Project - 100% • Historic Iron Blow & Mt Bonnie IBDH007 – 20.3m @ 5.89g/t Au, 481.6g/t Ag, mines 13.92% Zn, 3.10% Pb and 0.61% Cu from 193m • Polymetallic massive sulphide Iron Blow deposits • 2009 NI 43-101 compliant inferred mineral resource estimate at Iron Blow (4) • Currently updating resource estimate to JORC 2012 – baseline information • Mineralisation in both areas Mt Bonnie remains open MBH001 – 9.6m @ • High potential for discovering 2.55g/t Au, 312g/t Ag, 13.16% Zn, 3.47% Pb and additional deposits – untested 0.65% Cu from 75.2m VTEM targets close by • Target stratigraphy >10km in 4 length

Existing Iron Blow resource Gold (Au) Silver (Ag) Lead (Pb) Zinc (Zn) Copper (Cu) Tonnes 3,174,876 3,174,876 3,174,876 3,174,876 3,174,876 Grade 2.08 g/t 100.9 g/t 0.76% 3.28% 0.19% Contained Metal 212,318 oz 10,299,488 oz 24,129 t 104,136 t 6,032 t • Located on granted MLs close to infrastructure • 2009 NI 43-101 compliant inferred mineral resource estimate (4) (based on 6 holes) • 15 additional holes drilled in 2011 – not included in above resource estimate • 3 rd largest base metals deposit in 5 the Pine Creek Orogen

Iron Blow - Plan view • Exceptional grades from previous mining and drilling • Past production of oxide and supergene ore - 35,000t grading 7.6 g/t Au and 328 g/t Ag (5) • Mineralisation generally occurs in the form of stacked massive sulphide lenses A plunging to the south A 1 • Multiple metals – high value per tonne • VTEM anomalies in the same geological environment that require follow-up 6

Iron Blow - Section view • Multiple parallel massive- A A 1 sulphide lenses • Dipping approximately 70° E • High-grade core of base metals IBDH006 – 48.4m @ 3.53 g/t Au, with elevated gold grades 429g/t Ag, 3.4 % Pb 9.6 % Zn, 0.27 % Cu from 94.9m • Parallel zones have potential to IBHD018 – 1.0m @ 1g/t Au, 3.4% Zn, 0.14% Cu, 0.33% Pb add significant mineable material from 144m • Footwall gold-rich zone identified IBDH006 – 13.4m @ 2.73 g/t IBHD007 – 20.3m @ 5.89g/t Au Au 165.2 g/t Ag, 1.3 % Pb, 9.7 486.6 g/t Ag, 3.21% Pb • Limited deeper drilling % Zn 0.34% Cu from 189.1m 13.9% Zn, 0.6 % Cu from 193m • Mineralisation remains open in all IBDH007 – 8.7m @ 1.37g/t Au, 21g/t Ag, 2.74 % Zn, 0.47% Cu from 249.25m directions IBDH007 – 22.7m @ 2.36g/t Au, 21g/t Ag, • Understanding the structural 3.76% Zn, 0.46% Cu from 269.35m controls and mineral relationships IDH007 – 2.5m @ 28.8g/t Au from 332m is key to future development IBHD008 – 8.2m @ 1.3g/t Au, 1.1% Zn, 0.2% Cu from 388m 7

Mount Bonnie • Past oxide gold production of 110,000 tonnes @ 7g/t Au and 230g/t Ag (6) • Best drill intercepts to date of; • MBH001 – 9.6m @ 2.55g/t Au, 312g/t Ag, 13.16% Zn, 3.47% Pb and 0.65% Cu from 75.2m (7) • Interpretation is a single mineralised lens open at depth • Additional drilling required to define JORC 2012 compliant resources – downhole EM to assist with targeting • Similar strike length & geophysical signature to Iron Blow 8

Hayes Creek VTEM Targets • Known deposits characterised by discrete, Iron Blow Iron Blow coincident magnetic and EM responses • Untested priority targets identified in the immediate vicinity of known deposits Mount Bonnie Mount Bonnie • 4,079 line km survey completed in 2011 covering 816km² (only 50km 2 depicted here) • An additional 19 priority targets identified regionally 500m 500m • VMS deposits typically occur 9 in clusters Magnetics EM Untested priority targets

Burnside, Moline, Chessman projects • Agreement to earn up to 90% over large exploration tenure from Canadian listed gold producer Crocodile Gold Corp • 1,700km² exploration tenure • Burnside • Moline • Chessman • Underexplored for base metals • Focus being on ground exploration in areas with coincident anomalies • Geochemical based fieldwork commenced • Ground truthing key VTEM targets 10 • Soil and rock chip sampling • Geological mapping

Regional drill targets - Moline • El Dollarado • Pb-Ag-Zn and Au • Drill ready targets • Coincident VTEM and soil geochemical anomalies • Two parallel NW trending Au, Pb, Zn zones to the NE • Pb-Zn anomaly along the SW side • Au anomaly up to 130m wide • Base metals anomaly 1,000m x 400m • Rock chip samples collected spectacularly mineralised (8) • 1,380g/t Ag, 25.8% Zn, >20% Pb, 0.21% Cu • 26.8g/t Ag, 8.12% Zn, 3.61% 11 Pb, 0.25% Cu

Moline – Gold prospectivity Hercules Open Drill Holes • Numerous historical deposits on large granted ML • A number of areas with mineralisation remaining • Opportunity exists to exploit these areas A 1 • Further drilling warranted – A prioritise with key base metals targets A 1 A • Hercules (vein hosted) gold deposit – • open pit produced ~40,000oz at 2.62g/t (9) • underground (narrow high-grade veins) produced ~38,000oz at 27g/t (10) • Good drill intersections remain open • Potentially mineable area to 25m below 12 base of existing pit Hercules Pit Drill Hole Section 200m extent facing North

South Australia Adelaide Geosyncline • High grade Cu mineralisation intercepted Eagle Prospect – Burra Project • Successful drilling over IP high • Demonstrated high grade Cu over width at shallow depth • Drill-ready coincident IP and geochem targets at Condor - Burra Project • Good existing infrastructure • Area historically rich in copper Yorke Peninsula • 1,413km² over 4 wholly owned tenements • Underexplored areas - minimal exploration • High potential for economic mineralisation • Shallow cover to the north - efficient drilling • Strong geological similarities to neighbouring 13 Hillside and Moonta -Wallaroo copper gold deposits

Adelaide Geosyncline PCD040 – 26.3m @2.86% Cu from 50.7m • Reprocessed historical IP data identified areas of interest along strike and adjacent to known mineralised areas • Drilling over IP targets to the north at Eagle intercepted shallow, high-grade copper sulphides 14 • New 1,000m x 400m surface copper and base metal anomaly defined by FpXRF over IP high (11) • Drill-ready targets at Condor Prospect

Summary Hayes Creek • Set the baseline - convert Iron Blow mineral resource estimate to JORC 2012 compliance • Understand the resource – diamond drill testing & structural analysis • Demonstrate economic extraction – metallurgical testing • Identify additional resources in close proximity - test nearby VTEM targets, define JORC compliant mineral resource estimate at Mount Bonnie Moline • Drill test known prospects and defined targets, prioritising existing geochemical anomalies and geophysical targets in favourable lithological and structural settings Burnside and Chessman exploration • Re-interpret VTEM data to confirm and prioritise targets • Ground follow up with geochemical based fieldwork, mapping and RC drilling Define Discover Hayes Creek Burnside, Moline, Chessman Develop exploration, Yorke Peninsula, 15 (Iron Blow + Mount Adelaide Geosyncline Bonnie)

Planned work program - News flow Tasks Project Area Sep-14 Q4 2014 Q1 2015 Q2 2015 Mineral Resource Estimate - Iron Blow Hayes Creek Fieldwork, geological sampling & mapping Burnside, Moline Mineral Resource Estimate - Mt Bonnie Hayes Creek Regional airborne geophysics re-interpretation Burnside Stage 1 diamond drilling - Iron Blow & Mt Bonnie Hayes Creek (QAQC + met test samples) Downhole geophysics - Iron Blow & Mt Bonnie Hayes Creek Metallurgical test work - Iron Blow & Mt Bonnie Hayes Creek Stage 2 diamond drilling - Iron Blow & Mount Hayes Creek Bonnie Burnside, Moline, Regional geophysics - specific target areas Chessman 16 Regional exploration drill testing (subject to wet Burnside, Moline, season) Chessman