Phoenix Copper Ltd September 2014

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COPPER GOLD SILVER LEAD ZINC

A NEW DIRECTION

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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

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Corporate Snapshot

ASX code: PNX

Market cap: ~$8.2M

Cash end June Qtr: $0.45M

Ordinary shares: 235M

Share Price 22nd Sept: 3.5c

Unsecured loan (3) $1.2M

Avalon Minerals Ltd (AVI)

investment (~9%) ~$1.0M at 0.8c

Major Shareholders Long Fortune Limited 11.5% Asia Image Limited 10.5% Talis SA 9.9% Directors & Management 5% Top 20 shareholders hold ~75.6% of the company

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Board and Management

Independent Chairman - Graham Ascough

Independent Director - Peter Watson

Independent Director - Paul Dowd

Independent Director - David Hillier

CEO – James Fox

Company Secretary & CFO – Tim Moran

Geology Manager – Nicole Galloway

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Hayes Creek Project - 100%

• Historic Iron Blow & Mt Bonnie mines

• Polymetallic massive sulphide 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 remains open

• High potential for discovering additional deposits – untested VTEM targets close by

• Target stratigraphy >10km in length

Mt Bonnie

Iron Blow

MBH001 – 9.6m @ 2.55g/t Au, 312g/t Ag, 13.16% Zn, 3.47% Pb and 0.65% Cu from 75.2m

IBDH007 – 20.3m @ 5.89g/t Au, 481.6g/t Ag, 13.92% Zn, 3.10% Pb and 0.61% Cu from 193m

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Existing Iron Blow resource

• 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

• 3rd largest base metals deposit in the Pine Creek Orogen

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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

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• 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

plunging to the south

• Multiple metals – high value

per tonne

• VTEM anomalies in the same

geological environment that

require follow-up

Iron Blow - Plan view

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A

A1

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Iron Blow - Section view

• Multiple parallel massive-sulphide lenses

• Dipping approximately 70° E

• High-grade core of base metals with elevated gold grades

• Parallel zones have potential to add significant mineable material

• Footwall gold-rich zone identified

• Limited deeper drilling

• Mineralisation remains open in all directions

• Understanding the structural controls and mineral relationships is key to future development

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IBDH006 – 48.4m @ 3.53 g/t Au, 429g/t Ag, 3.4 % Pb 9.6 % Zn, 0.27 % Cu from 94.9m

IBHD007 – 20.3m @ 5.89g/t Au 486.6 g/t Ag, 3.21% Pb 13.9% Zn, 0.6 % Cu from 193m

IBDH006 – 13.4m @ 2.73 g/t Au 165.2 g/t Ag, 1.3 % Pb, 9.7 % Zn 0.34% Cu from 189.1m

IBDH007 – 8.7m @ 1.37g/t Au, 21g/t Ag, 2.74 % Zn, 0.47% Cu from 249.25m

IBHD008 – 8.2m @ 1.3g/t Au, 1.1% Zn, 0.2% Cu from 388m

IBHD018 – 1.0m @ 1g/t Au, 3.4% Zn, 0.14% Cu, 0.33% Pb from 144m

IDH007 – 2.5m @ 28.8g/t Au from 332m

IBDH007 – 22.7m @ 2.36g/t Au, 21g/t Ag, 3.76% Zn, 0.46% Cu from 269.35m

A A1

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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

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Hayes Creek VTEM Targets

• Known deposits characterised by discrete, coincident magnetic and EM responses

• Untested priority targets identified in the immediate vicinity of known deposits

• 4,079 line km survey completed in 2011 covering 816km² (only 50km2 depicted here)

• An additional 19 priority targets identified regionally

• VMS deposits typically occur in clusters

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500m

Iron Blow

Mount Bonnie

Iron Blow

Mount Bonnie

500m

Magnetics EM

Untested priority targets

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• 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

• Soil and rock chip sampling

• Geological mapping

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Burnside, Moline, Chessman projects F

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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% Pb, 0.25% Cu

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Moline – Gold prospectivity

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• 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 base of existing pit

• Numerous historical deposits on large granted ML

• A number of areas with mineralisation remaining

• Opportunity exists to exploit these areas

• Further drilling warranted – prioritise with key base metals targets

A

A1

Hercules Open Drill Holes

Hercules Pit Drill Hole Section 200m extent facing North

A A1

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South Australia

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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 Hillside and Moonta -Wallaroo copper gold deposits

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Adelaide Geosyncline

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• 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

• New 1,000m x 400m surface copper and base metal anomaly defined by FpXRF over IP high (11)

• Drill-ready targets at Condor Prospect

PCD040 – 26.3m @2.86% Cu from 50.7m

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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

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Discover

Burnside, Moline, Chessman exploration, Yorke Peninsula,

Adelaide Geosyncline

Define

Hayes Creek

(Iron Blow + Mount Bonnie)

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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 (QAQC + met test samples)

Hayes Creek

Downhole geophysics - Iron Blow & Mt Bonnie Hayes Creek

Metallurgical test work - Iron Blow & Mt Bonnie Hayes Creek

Stage 2 diamond drilling - Iron Blow & Mount Bonnie

Hayes Creek

Regional geophysics - specific target areas Burnside, Moline, Chessman

Regional exploration drill testing (subject to wet season)

Burnside, Moline, Chessman

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Key Terms of the agreement with Crocodile Gold Australia Pty Ltd (CGA)

• 15 Mining Leases (Sale Tenements) to be acquired including those that contain the Iron Blow and Mount Bonnie deposits in exchange for a 2% royalty over the market value of gold and silver contained in concentrate production from the Sale Tenements.

• CGA has the right to clawback a 30% interest within 6 months of the completion of a Pre-Feasibility Study by paying PNX three times its accumulated expenditure on these tenements.

• Earn-in and JV over 21 exploration licences and 4 mining leases covering 1,700 square kilometres over three main project areas (Farm-in Tenements).

• PNX can earn a 51% interest (excluding uranium) with the expenditure of $2 million over 2 years (which can include up to $0.5 million spent on the Sale Tenements).

• PNX can elect to increase the earned interest to 90% by spending an additional $2 million within a further 2 years (which can include up to a further $0.5 million spent on the Sale Tenements).

• CGA can acquire 90% of any 2012 JORC compliant gold and silver deposit (or a deposit where 80% or more of the in situ value is comprised of the value of gold and silver) by paying PNX three times its accumulated expenditure relating to that deposit within 6 months of the initial resource estimate being announced to the ASX.

• PNX can withdraw before spending the initial $2 million and would forfeit any right to the tenements.

• Further consideration of $500,000 (in cash or PNX shares) is payable upon completion of a Definitive Feasibility Study on any base metals deposit within the Farm-in tenements or Sale Tenements.

• The agreement remains subject to Conditions Precedent requiring the parties to enter into certain deeds of assignment and assumption with relevant third parties in relation to existing agreements affecting the tenements to be acquired or farmed into. The conditions precedent must be satisfied or (if capable of being waived) waived on or before 15th November 2014. 17

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References & Cautionary Statement

This resource estimate is a foreign resource estimate and is not reported in accordance with the JORC Code; Insufficient work by the competent person has been undertaken on the foreign resource estimate to classify in accordance with the JORC Code, and it is uncertain that following evaluation and/or further exploration work the foreign resource estimate will be able to be reported as a mineral resource in accordance with the JORC Code.

Details of the information included in this Presentation can be found in the following announcements previously lodged by Phoenix Copper Ltd (PNX) with the ASX and other referenced documents:

• (1)(2)(4)(7) Acquisition of High-Grade Massive Sulphide Deposits – NT . PNX 18/08/14. There is no new information or data that materially affects the resource estimate, and all supporting information provided in the initial market announcement on 18 Aug 2014 is materially unchanged and continues to apply.

• (3) Funding for AVI investment. PNX 14/11/13

• (5)(6) NI43-101 Technical Report On The Mineral Resources & Mineral Reserves Of The Northern Territory Gold And Base Metals Properties For Crocodile Gold Corp 04/04/11

• (8) High Gold and Copper Values in Rock Chips - New NT Projects. PNX 04/09/14. There is no new information or data that materially affects these results.

• (9) Ferenczi, P.A., and Sweet, I.P. (2005): Mt. Evelyn SD 53-05; NT Geological Survey

• (10) NTGS Open File Report CR1996-0403: Orridge, G.R.; for M. Teelow

• (11) Copper Anomaly Identified at New Condor Prospect . PNX 05/05/14. There is no new information or data that materially affects these results.

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Gold g/t Silver g/t Lead % Zinc % Copper %

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

NI 43-101 compliant initial Inferred mineral resource estimate (at 1.0g/t Au cut-off grade) at Iron Blow

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Disclaimer & Competent Person Statement

• This presentation is an overview of the Company prepared with good intention. It is not a prospectus and offers no securities for subscription or sale in any jurisdiction, nor a securities recommendation.

• All information necessary for investment decisions is not contained herein and investors are encouraged to conduct their own research of Phoenix Copper Limited in conjunction with legal, tax, business and financial consultation.

• Phoenix Copper Limited, its directors, officers, employees and agents disclaim liability for any loss or damage suffered by reliance on information contained in this report when making investment decisions. In addition, no express or implied representation or warranty is given in relation to the completeness and sufficiency of the information, opinions or beliefs contained in this document or any other written or oral information made or to be made available to any interested party or its advisors.

• This presentation may refer to the intention of Phoenix Copper Limited but it does in no way intend to forecast forward looking statements or future matters for the purposes of the Corporations Act or any other law. Future events are subject to risks and uncertainties, and as such results, performance and achievements may in fact differ from those referred to in this presentation.

• No liability is accepted for any loss, cost or damage suffered or incurred by the reliance on the sufficiency or completeness of the information, opinions or beliefs contained forthwith.

• Research, evaluation and analysis of the business, data and property are encouraged before making financial investments. Any estimates, projections or opinions contained herein may involve subjective judgement, analysis and interpretation, and satisfaction of one’s own decisions should be undertaken.

• This report contains forward-looking statements. These forward-looking statements reflect management’s current beliefs based on information currently available to management and are based on what management believes to be reasonable assumptions. A number of factors could cause actual results, or expectations to differ materially from the results expressed or implied in the forward looking statements.

• The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Ms Nicole Galloway Warland (BSc (Hons)), a Competent Person who is a Member of the Australian Institute of Geoscientists and a full-time employee of Phoenix Copper Limited. Ms Galloway Warland has sufficient experience relevant to the style of mineralisation and the type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Ms Galloway Warland consents to the inclusion in this report of the matters based on her information in the form and context in which it appears.

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