Moly Mines : Annual General Meeting - Presentation

MOLY MINES LIMITED

MOLY MINES LIMITED

MOLY MINES LIMITED

§ Annual General Mee-ng of Shareholders

§ Ac-ng CEO's Presenta-on - Graeme Kininmonth

§ Ques-ons

§ Annual General Mee-ng of Shareholders

§ Ac-ng CEO's Presenta-on - Graeme Kininmonth

§ Ques-ons

MOLY MINES LIMITED

MOLY MINES

5 LIMITED

This presenta-on includes "forward-­‐looking statements" as that term within the meaning of securi-es laws of applicable jurisdic-ons. Forward-­‐looking statements involve known and unknown risks, uncertain-es 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 presenta-on, including, without limita-on, those regarding Moly Mines' future expecta-ons. Readers can iden-fy forward-­‐looking statements by terminology such as "aim," "an-cipate," "assume," "believe," "con-nue," "could," "es-mate," "expect," "forecast," "intend," "may," "plan," "poten-al," "predict," "project," "risk," "should," "will" or "would" and other similar expressions. Risks, uncertain-es and other factors may cause Moly Mines' actual results, performance, produc-on 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 facili-es, processing plant and related infrastructure in the -me frame and within es-mated costs currently planned; varia-ons in global demand and price for molybdenum and copper; fluctua-ons in exchange rates between the U.S. dollar and the Australian dollar; failure to recover the resource and reserve es-mates of the Project; the failure of Moly Mines' suppliers and service providers to fulfil their obliga-ons under construc-on, supply and tolling agreements; unforeseen geological, physical or meteorological condi-ons, natural disasters or cyclones; changes in the regulatory environment, industrial disputes, labour shortages, poli-cal and other factors; the inability to obtain addi-onal financing, if required, on commercially suitable terms; and global and regional economic condi-ons. Readers are cau-oned not to place undue reliance on forward-­‐looking statements. We assume no obliga-on to update such informa-on.

§ MOL have maintained a strong Balance Sheet

§ Current cash posi-on at Mar 2015: $69.8 M

§ Unity shares recently sold for $2.5 M

§ No third party debt

§ Outgoings reduced following end of Iron Ore rehabilita-on and royalty costs

MOLY MINES

5 LIMITED

§ Spinifex Ridge Iron Ore Mine

§ Mine Gate Sale with MRL completed 30 June 2013

§ Mining completed in October 2014

§ Haulage completed by MRL in December 2014

§ Mine performed in accordance with Mine Plan

MOLY MINES

6 LIMITED

§ Spinifex Ridge Iron Ore Mine (con'nued)

§ Rehabilita-on ac-vi-es commenced in October 2014

§ Infrastructure retained for future use

§ Rehabilita-on ac-vi-es complete

§ Final Reconcilia-on of Mine Gate sale con-nuing

MOLY MINES

7 LIMITED

MOLY MINES

8 LIMITED

Spinifex Ridge Molybdenum / Copper Project

§ Development deferred due to unfavorable economic condi-ons

§ Long lead -me equipment sold and remaining equipment available for sale

§ Tenements ra-onalised to reduce costs

§ Watching brief on Molybdenum price and FX changes

§ DFS for 10Mtpa opera-on completed in 2010 and can be readily updated

§ Primary environmental approval in place un-l 2016

§ ASX Suspension from Quota'on

MOLY MINES

9 LIMITED

§ MOL remains a listed en-ty, fully compliant with lis-ng requirements

§ 1 year into 3 year -meframe to have suspension liked once opera-on level sa-sfies ASX (see M&A Slide)

§ TSX delis'ng - remain compliant repor'ng en'ty in Canada

§ Consolidated storage of Ball Mills

§ Con-nuing to explore sale op-ons

§ Corporate overheads reduced

§ Currently 1 FT employee

§ Other requirements handled using consultants and contractors

§ Tenement costs minimised

§ Reduc-on in number and extent of tenements to those required for Fe and

Mo Project

§ Environmental liabili-es reduced through effec-ve Fe Project rehabilita-on

MOLY MINES

10 LIMITED

§ Board is fully commiLed to iden'fying appropriate M&A project or projects

§ Two new Independent Non-­‐Execu-ve Directors with significant project experience

§ Successful transac-on should sa-sfy ASX requirements regarding suspension

§ Numerous Projects reviewed

§ Material Investment Commimee has reviewed >30 Projects to different levels of detail

§ Preferred op-on is larger near-­‐term investment although smaller explora-on opportuni-es also considered

§ Commodi-es reviewed include Au, Cu, Ni, Mo

§ No constraints on region - North America, South America, Australia, South East Asia, Africa, China

MOLY MINES

11 LIMITED

§ Annual General Mee-ng of Shareholders

§ Ac-ng CEO's Presenta-on - Graeme Kininmonth

§ Ques-ons

50 Kings Park Rd, West Perth, WA, 6005, AUSTRALIA

Telephone: +61 8 9429 3300

Telephone: +1 416 371 7541

Email: info@molymines.com

Website: hLp://www.molymines.com

Stock market code: ASX: MOL

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