GIANTS Exploring for large copper-porphyry deposits in emerging - PowerPoint PPT Presentation

Unearthing… GIANTS Exploring for large copper-porphyry deposits in emerging fields in Western Australia and in Peru Platypus Minerals Ltd (ASX:PLP) Investor Presentation 26 March 2015 1

An Introduction to Platypus Minerals Platypus Minerals is a copper explorer with diversification between Western Australian and Peruvian copper properties in major mineral districts. The company has made substantial investments in securing these properties and in commencing exploration drilling that has yielded an initial copper discovery in Western Australia at the Company’s Gobbos Project. Platypus is increasing its ground holding while world class opportunities are undervalued so that the Company’s shareholders can enjoy benefits as the mineral cycle picks up again. During this time the Company will be further drill testing its copper targets especially in the Chanape area of the San Mateo Mining District in Peru, located some 100 km east of the capital Lima. 2

A Tenacious Explorer Adding Value Copper (Cu) – Gold (Au) – Molybdenum (Mo) – Tungsten (W) QUALITY PROJECTS Targeted EXPLORATION + CAPITAL RAISING ATTRACTIVE CAPITAL over WA and Peru projects STRUCTURE • Cu-Mo-W discovery at • $0.5 M placement; completed • Extension Drilling at Gobbos Gobbos Sep 2014 Cu-Mo prospect inWA • Peru: prime landholding • $0.75 M rights issue; completed • Field work in Peru ahead of drilling around Chanape Cu-Au Nov 2014 – Jan 2015 • High probability of further success discovery • Potential for multiple increase • Tight capital structure in value 3

Platypus – Proven International Explorer Capabilities Experienced explorer, including international exposure and South American success 5 years 5 years gold exploration in Brazil – proof of concept (large sediment hosted disseminated gold deposit) 2 years 2 years epithermal gold exploration in Indonesia 4 years 4 years IOCG exploration in WA – Mt Webb: 246 m @ 0.22% Cu 4

Experienced and Diversified Leadership Directors Rick Crabb Tom Dukovcic Laurie Ziatas DennisTrlin Chairman Managing Director Director Director B.Juris, LLB, MBA, FAICD B.Sc(Hons), MAIG, B.Juris, LLB, EMBA, BEc Director and Chairman of MAICD Geologist with MMedConflRes, MAICD Background in listed companies: Paladin 20+ yrs experience; Over 33 years of legal and stockbroking, Energy, Otto Energy, proactive manager. business experience; co- investment advice and Golden Rim Resources. founder of Inca Minerals research; co-founder of and Platypus Resources. Platypus Resources 5

Experienced and Diversified Leadership In-Peru Management Gary Anderson Dr. Adam Szybinski General Manager Exploration Manager Former President and CEO of Identified porphyry Canadian company High- potential at Chanape and Ridge Resources Inc; led the initial discovery responsible for initial drilling drilling program in 2008. of Chanape in 2008. 6

Tightly Held and Marketable Capital Structure Current Capital Structure Market Major Shareholders Rick Crabb $3.8 million, Market 11.99% @ 1.9c Circum-Pacific Capitalisation (26 March 2015) 8.18% Acorn Corporate 4.09% Shares on The Rest 201.36 million Issue ~45.0 % 4.09% Egusquiza Listed: No. 5 – No. 20 18.71M; 3.5c, 1 Dec 2016 ~26.5% Options Unlisted: 27.75M; 3.0c, 30 Sep 2017 5.00M; 3.0c, 12 Jan 2017 Rick Crabb Circum-Pacific Acorn Corporate Egusquiza Top 20 Rest 7

Platypus Minerals – Hunting GIANTS Miocene Porphyry Belt East Pilbara Region of of Peru: Western Australia Platypus Minerals holds a Platypus is farming into strategic landholding in a a 200 sq km project in a new copper porphyry province highly mineralised multi- in the heart of a belt hosting commodity area in WA multiple world class deposits 8

Peruvian Miocene Porphyry Belt GIANTS in the Peruvian Miocene Porphyry Belt: La Granja; 3.6 Bt @ 0.51%Cu (Inferred; 0.3 %Cu cut-off; Rio Tinto Presentation, 16.04.2012; estimated capital US$3bn; prod 2017 at 500Kt Cu pa over 40 yrs) Michiqiuillay Michiquillay; 544 Mt @ 0.69% Cu (Anglo American; US$430M in 2007; pre feasibility) Antamina Antamina; 745 Mt @ 1.06% Cu , 0.67% Zn. 0.026% Mo (2010); (BHBP, Xstrata,Teck, Mitsubishi; world top 10 by volume; US$3.5bn capital) Lima Las Bambas Toromocho; 1.54 Bt @0.47% Cu (JORC reserves; www.chinalco- cmc.com); (Chinalco; purch: C$840M in 2007; US$3.5Bn capital; in production, estimated 150Kt pa; design 250Kt pa; largest ball mill in the world, 12m diam.) Platypus has secured 230 sq km of granted concessions in the Chanape area only 30 km fromToromocho… in the heart of giant country , and… 9

Chanape – A New District With Exciting Potential Platypus tenure completely encircles the Inca Minerals Ltd (ASX:ICG) Chanape porphyry discovery: 284 m @ 0.32% Cu (CHDDH011) 55 m @ 2.3% Cu (CHDDH012) Chanape is a completely preserved porphyry system with mineralisation identified over a 1.3 km vertical extent, and open at depth… a NEW GIANT ?? 10 Ref: Inca Minerals’ ASX announcement, 18 June 2014

Platypus – Significant Landholding in Hot Spot Strategic holding (>200 km 2 ) in Central Project Central Project a historical Pb-Zn-Ag-Au-Cu mining district, now confirmed to host Cu-porphyry deposits. Various other holders Selected tenement holdings in the Chanape District: • Platypus • Inca Minerals SFR Copper & Gold Inca Minerals Ltd • Sandfire Resources’ subsidiary SFR Copper & Gold Platypus, through 100% subsidiary Platypus Resources Ltd (PRL), has secured two projects in Peru: • Central Project (2,220 ha), 1 San Damian Project San Damian Project surrounding the Inca Minerals (ASX:ICG) Chanape Project. • San Damian Project (20,000 ha), 2 strategic regional holdings. 11

Central Project – Strategic Holding at Chanape Platypus’s Central Project (2,220 ha) entirely encloses the Inca Minerals Chanape Project (805 ha). Platypus has first right of refusal over the shaded concessions (1,200 ha). Shullac Inca Minerals Ltd’s Chanape Cu-Au Porphyry: CHDDH011: 284 m @ 0.32% Cu, 80 ppm Mo; open (porphyry). CHDDH012: 55 m @ 2.3% Cu, 0.6 g/t Au, 43 g/t Ag (mesothermal). A CHANAPE A’ Simplified geology, highlighting multi-phase intrusive and volcanic activity (potential porphyry bodies) and continuity of Chanape geology into Platypus ground. Cross-section A-A’ on following slide 12

Chanape – Model and Tenure A A’ Annotation by Platypus of Platypus Platypus schematic Platypus Platypus diagram prepared Inca Inca by Inca Minerals ? showing position untested ? of three deep porphyry holes untested and potential size of the Chanape porphyry. ? ? ? untested Dashed line = approximate position of tenement boundary as estimated by Platypus. 13 Source: Inca Minerals ASX announcement, 24 February 2014, Figure 1.

Chanape – Continuity into Platypus Ground Geophysics highlight the continuity of Chanape features into Platypus ground untested untested Platypus Magnetics: the annulus might represent Chargeability: highlights the continuity of predominant a concentration of magnetite in a zone of propylitic NE-SW trends in the general area. alteration surrounding a porphyry deposit. (High Ridge, 2008). 14 (High Ridge data, remodelled by Inca Minerals. Inca Minerals ASX release 30 November 2012).

Chanape – Continuity Into Platypus Ground Breccia cluster SP (spontaneous potential) Resistivity trends, including to SE Surface gold (rock chips); up to 31 coincident with breccia clusters. towards breccia cluster. g/t Au on Platypus boundary. Range of results from Inca Minerals demonstrating continuity of mineralised system into Platypus ground. From Inca announcements dated 13 Sep 2013 and 17 Nov 2013 (further annotated by PLP). 15

Central Project – Porphyry Targets at Chanape Ch Ch Geology – showing exposed intrusives akin to Aster remote sensing – showing alteration minerals Chanape, some containing artisanal mines. indicative of porphyry copper environments; ASTER successfully identifies the position of Chanape. Commanding landholding containing epithermal mineralisation and potentially 4 copper porphyry targets totally surrounding Inca Minerals’ Chanape project. 16

Chanape – Planned Work Programs 1 st phase exploration , 2nd phase exploration , $0.5M (Q2 2015 – Q3 2015): $0.5M (Q3 2015 – Q4 2015): Q3 Q2 Q1 Q4 2015 2016 Fieldwork over Chanape extensions : Drilling at Chanape mapping, rock chips, • geochemistry Reconnaissance over Ground geophysics: San Damian project magnetics, IP/SP, gravity • Modelling of Aster multispectral data 17

Gobbos – Advanced Cu-Porphyry Target in WA Platypus holds farm-in rights over E45/3326, held by Gondwana Resources Ltd, which contains the Gobbos Cu-porphyry prospect and the Cyclops Ni-sulphide prospect Aligned with the Platypus Located in proven focus on copper-porphyry district Focus on 1 Proven 2 copper- district porphyry E45/3326; East Pilbara, 3 4 WA Highly prospective, Low cash commitment Low $500K/3yrs  51%; with defined targets: Defined cash then $500K/3 yrs  75% Gobbos: porphyry Cu-Mo-W 1 • targets demand discovery, drilled by Platypus Cyclops: massive Ni-sulphides 2 • 4 strong EM anomalies 18

Gobbos (East Pilbara) – A Proven Multi-Commodity District 19

Two Prime Targets Gobbos: Cu-M0-W; Cyclops: Nickel-Copper CYCLOPS GOBBOS 20