September 2013 www.altonamining.com ASX: AOH FSE: A2O ACN 090 - - PowerPoint PPT Presentation

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September 2013

Corporate Presentation September 2013

www.altonamining.com

ACN 090 468 018

ASX: AOH FSE: A2O

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September 2013 2.

Disclaimer and JORC Compliance

What You Should Know

• Find out more - This presentation is being used as a presenter’s aid with summarised information. See Altona’s
• ther periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are

available at www.asx.com.au or www.altonamining.com, for more information.

• Third party information - Altona does not make any representations as to the accuracy or otherwise of third party

information, including where projections are given.

• Forward-looking statements - Within this presentation there may be certain forward-looking statements, opinions

and estimates. These are based on assumptions and contingencies which are subject to change without notice and are not guarantees of future performance. Altona assumes no obligation to update such information.

• Taking action - Please undertake your own evaluation of the information in this presentation and contact your

professional advisers if you wish to buy or sell Altona shares. Competent Person Statement The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Dr Alistair Cowden BSc (Hons), PhD, MAusIMM, MAIG who is a full time employee of the Company and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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’. Dr Cowden has consented to the inclusion in the report of the matters based on his information in the form and context in which it appears. Presentation This slide show is the full version of Altona’s current corporate presentation. Some slides may be omitted in the verbal presentation.

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September 2013

A sustained step change in copper markets in 2005 Post 2005 price averages: US$7,265 (US$3.30/lb)

We Believe in Copper

3.

$1,577 $1,558 $1,780 $2,868 $3,684 $6,731 $7,126 $6,952 $5,164 $7,540 $8,811 $7,958 $7,670 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 YTD Today

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September 2013 4.

Growing Copper Production and Optionality

Underground copper-gold mine in Finland

Outokumpu Project Roseby Project

Development ready, 40ktpa copper

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September 2013

Altona Overview and Objectives



A 8,000ktpa copper producer at Outokumpu in Finland with by-product gold, silver and zinc



Considering production expansion at Outokumpu dependent on further reserve/resource growth from current deep drill program



Completed a US$250m NPV Definitive Feasibility Study for the Little Eva project, which is within Altona’s 100% owned Roseby copper project near Mt Isa, Queensland



Little Eva could produce 39,000tpa copper and 17,000oz of gold per year over a mine life in excess of 10 years at a C1 cash cost of US $1.73/lb



Pursuing a range of transactions to realise value / develop Roseby, with the overriding objective being to maximise value for its shareholders

5.

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September 2013 6.

Corporate Snapshot

Australian institutions: 32.0% Foreign institutions: 20.0% Board: 8.7% German/Swiss retail: 7.0% Top 20: 57.0% Major Shareholders ASX (Australia) code: AOH FSE (Frankfurt) code: A2O Share price (29-08-2013): A$0.15 Average daily turnover: 0.5M shares Shares on issue: 532M Market capitalisation: A$80M Debt: US$21M Cash (30-06-2013): A$26M Research coverage: Credit Suisse Market Status

Source: ASX

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September 2013 7.

Outokumpu Copper Project in Finland

I metre

Massive copper sulphide ore in development face

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September 2013 8.

Finland is a Leading Mining Destination

Altona’s projects are in eastern Finland. Geology is similar to other Archaean and Proterozoic terrains in Australia and Canada. Euro zone country with a history of mining and mining equipment manufacturing, a stable tax regime (20.0%) and no royalties. Major miners include Agnico Eagle, Anglo American and First Quantum.

September 2013

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9

Our Success is Built on Our People

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September 2013 10.

Mill, Mine and 5 Deposits in Historic Outokumpu

Keretti mine produced 1Mt copper and 1 Moz gold from 1914 to 1989

Past or present mine Resource Prospect

September 2013

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11.

Kylylahti Underground Mine

All infrastructure in place

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September 2013 12.

Kylylahti Mine Key Facts

Status Steady state 550,000tpa, expansion under consideration Mine 5.5m x 5.5m decline tunnel, longhole open stopes with cemented waste fill Life of mine average production Ore: 550,000tpa Copper: 8,000tpa Gold: 8,400ozpa Zinc: 1,600tpa Mining cost €32/tonne including trucking Mine life 7.6 years Reserves 4.2Mt at 1.6% Cu, 0.7g/t Au, 0.6% Zn Resources 7.7Mt at 1.3% Cu, 0.7g/t Au, 0.5% Zn

Luikonlahti Mill Interior

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September 2013

Deep drilling underway to expand resources

Kylylahti Mine Open at Depth

13.

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September 2013 14.

Increasing Resources and Reserves

0.00 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 10000 20000 30000 40000 50000 60000 70000 80000 90000 Feasibility Study June 2012 December 2012 June 2013 Copper Grade % Copper Tonnes Production depletion Ore Reserves Cu t Reserve Grade

September 2013

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15.

Luikonlahti Mill

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September 2013 16.

Luikonlahti Mill Key Facts

Status 91.5% copper recovery 71.5% gold recovery 91% availability Products Copper-gold concentrate Zinc concentrate Sales Boliden’s Harjavalta smelter 400km by truck, monthly payments Plant capacity 550,000tpa Milling cost €15/tonne plus €3/tonne concentrate transport Expansion Can expand to 800,000tpa for approx. A$7.5M capital

Interior Luikonlahti Mill Hall

Pebble mill 1 in action

September 2013

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Mine and Mill Movie

17.

September 2013

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18.

Quarterly Production Performance – A solid start

FY2014 guidance of 1900-2100 tonnes of copper per quarter at average

• f US$1.70-1.85/lb used in forecast for Q3 2013.

0.5 0.7 0.9 1.1 1.3 1.5 1.7 1.9 2.1 2.3 2.5

• 500

1,000 1,500 2,000 2,500 3,000 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Copper (tonnes) Gold (ounces) Copper (tonnes) - FCST Gold (ounces) - FCST C1 cost (USD/lb)* C1 cost (USD/lb)* - FCST

* C1 cash cost calculated per Brook Hunt methodology. Cost data during commissioning period not meaningful.

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September 2013 19.

Outokumpu – Growth opportunities

 Reserve expansion from deep

drilling and definition drilling

 Can increase throughput from

550,000 to 800,000tpa if sufficient reserves, cost approx €7m

 Accumulating US$50 million per

annum in metal in cobalt-nickel concentrate in storage

 Scoping studies have

demonstrated technical feasibility

• f producing cobalt-nickel

product able to be sold to refineries

 Regional Resources and

exploration may provide a second mine

Surface _ _ _ _ _ 100m

Grade distribution at Kylylahti

September 2013

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Roseby Copper Project

Little Eva

20.

Looking north-west from Green Hills

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September 2013 21.

Roseby is a Strategic Asset

September 2013

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22.

3 Elements to the Roseby Project

Little Eva: A Development Ready Project Fully permitted with DFS completed on a simple 39,000tpa copper open pit mine and flotation plant

Major Resource Inventory

1.52Mt copper including 0.84Mt copper in deposits

• utside Little Eva Project

Exploration 1,500km² of exploration tenure prospective for copper, gold, molybdenum, uranium and zinc-lead-silver

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September 2013

Little Eva May 2012 Definitive Feasibility Study

23.

 DFS to bankable standard by GR

Engineering Services

 Large, simple and well drilled

resource

 Straightforward open pit mining and

processing for 11 years

 Simple processing route  Quality copper-gold concentrate  Stable, skilled mining jurisdiction  Native title, environmental permits

and mining leases all in place

 A$252m NPV  A$320m capital cost  US$1.70/lb cash cost Ernest Henry Mine Truck

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September 2013

DFS Update

 DFS costs were top of market −

Mining contractor rates down 5-10% from DFS estimates

−

Engineering margins down

 Resource/Reserves −

Incorporate post DFS drilling at Turkey Creek, Lady Clayre and Ivy Ann

−

Little Eva resource/reserve re- modelling

 Outlook −

Lower operating costs

−

Lower capital costs

−

Longer mine life (>11 years)

24.

September 2013

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25.

What Next for Roseby?

 Altona needs a partner to

develop Little Eva

 Altona advisor Credit Suisse

pursuing partnering, sale and corporate opportunities that flow from having a large development ready copper asset

 China has bought up the

Mt Isa area

 Inova: Shanxi Donghui bid

A$160 million for 18,000tpa copper miner with major undeveloped projects

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September 2013 26.

The Altona Advantage

PRODUCTION & CASHFLOW De-risked copper-gold-zinc mine and mill in Finland with strong growth profile COPPER LEVERAGE 1.66Mt (3.7mlbs) copper and 0.76Moz gold in resources STRATEGIC ASSET Little Eva copper-gold deposit nearing decision to build / value realisation FINANCIALLY STRONG Cash in bank, no net debt and positive cashflow EXPLORATION UPSIDE We control two major copper fields

September 2013

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27.

2011 was a turbulent year, 2012 will be Altona’s year to shine

Termite mounds watching summer storms at the Blackard deposit

APPENDICES

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September 2013

Top 10 Shareholders (51.5%)

28.

Rank Shareholder Country

• No. of Shares

% 1 Perpetual Investments Australia 63,735,454 12.0% 2 L1 Capital Australia 52,450,152 9.9% 3 German retail clients through Clearstream Luxembourg Germany 37,715,108 6.9% 4 Kevin Maloney (Chairman) Australia 35,348,000 6.7% 5 Thomas Roeggla and clients Monaco 29,626,422 5.6% 6 BT Investment Management Australia 15,175,571 2.9% 7 Colonial First State - Growth Australian Equities Australia 11,200,000 2.1% 8 Finnish Industry Investment Finland 10,261,300 1.9% 9 Dr Alistair Cowden (MD) Australia 10,010,960 1.9% 10 Pareto Growth Norway 7,399,233 1.4%

September 2013

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Roseby Resource Estimates

DEPOSIT TOTAL CONTAINED METAL MEASURED INDICATED INFERRED Tonnes Grade Copper Gold Tonnes Grade Tonne Grade Tonnes Grade million Cu (%) Au (g/t) tonnes

• unces

million Cu (%) Au (g/t) million Cu (%) Au (g/t) million Cu (%) Au (g/t) COPPER-GOLD DEPOSITS Little Eva 100.3 0.54 0.09 538,000 271,000 36.3 0.63 0.08 41.4 0.48 0.08 22.6 0.49 0.11 Ivy Ann 7.5 0.57 0.07 43,000 17,000 5.4 0.60 0.08 2.1 0.49 0.06 Lady Clayre 14.0 0.56 0.20 78,000 85,000 3.6 0.60 0.24 10.4 0.54 0.18 Bedford 1.7 0.99 0.20 17,000 11,000 1.3 1.04 0.21 0.4 0.83 0.16 Sub-total 123.4 0.55 0.10 675,000 384,000 36.3 0.63 0.08 51.7 0.52 0.09 35.5 0.51 0.13 COPPER ONLY DEPOSITS Blackard 76.4 0.62 475,000 27.0 0.68 6.6 0.60 42.7 0.59 Scanlan 22.2 0.65 143,000 18.4 0.65 3.8 0.60 Longamundi 10.4 0.66 69,000 10.4 0.66 Legend 17.4 0.54 94,000 17.4 0.54 Great Southern 6.0 0.61 37,000 6.0 0.61 Caroline 3.6 0.53 19,000 3.6 0.53 Charlie Brown 0.7 0.40 3,000 0.7 0.40 Sub-total 136.7 0.61 840,000 27.0 0.68 25.0 0.64 84.7 0.59 TOTAL 260.1 0.58 0.05 1,515,000 384,000 63.2 0.65 0.05 76.7 0.55 0.06 120.1 0.56 0.04 See ASX release of 26 July 2011, 19 December 2011, 23 April 2012, 3 July 2012 and 22 August 2012 for full details of resource estimation methodology and attributions. Note: All figures may not sum exactly due to rounding. Little Eva is reported above a 0.2% copper lower cut-off grade, all other deposits are above 0.3% copper lower cut-off grade.

29.

September 2013

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Little Eva Project - Resource and Reserve Estimates

Tonnes (m) Copper (%) Gold (g/t) Contained Copper (t) Contained Gold (oz) RESOURCES Measured 36.3 0.63 0.08 228,000 90,000 Indicated 51.7 0.52 0.10 266,000 152,000 Inferred 35.5 0.51 0.13 180,000 141,000 Total 123.4 0.55 0.10 675,000 384,000 RESERVES Proven 31.2 0.64 0.08 198,000 85,000 Probable 28.1 0.53 0.10 149,000 90,000 Sub Total 59.3 0.59 0.09 347,000 174,000 Probable (stockpile) 15.3 0.18 0.06 28,000 31,000 Total 74.7 0.50 0.08 375,000 204,000 Mining Inventory 1.9 0.51 0.23 10,000 14,000

Little Eva Project comprises Little Eva, Bedford, Lady Clayre and Ivy Ann.

30.

See ASX release of 14 May 2012 for full details of Reserve estimation methodology and attribution and 26 July 2011, 19 December 2011, 23 April 2012 and 22 August 2012 for full details of Resource estimation methodology and attribution.

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September 2013 31.

Outokumpu Resource and Reserve Estimates

Deposit Classification Tonnes (m) Copper (%) Gold (g/t) Zinc (%) Cobalt (%) Nickel (%) Saramäki Inferred 3.40 0.71

• 0.63

0.09 0.05 Vuonos Inferred 0.76 1.76

• 1.33

0.14

• Hautalampi

Measured 1.03 0.47

• 0.06

0.13 0.47 Indicated 1.23 0.30

• 0.07

0.11 0.42 Inferred 0.90 0.30

• 0.10

0.10 0.40 Total 3.16 0.36

• 0.07

0.11 0.43 Riihilahti Indicated 0.14 1.69

• 0.04

0.16 Valkeisenranta Indicated 1.54 0.29

• 0.03

0.71 Särkiniemi Indicated 0.10 0.35

• 0.05

0.70 Sarkalahti Inferred 0.19 0.33

• 1.02

TOTAL 16.98 0.93 0.31 0.44 0.15 0.26 Kylylahti Tonnes (m) Copper (%) Gold (g/t) Zinc (%) Cobalt (%) Nickel (%) RESOURCES Measured 1.4 1.22 0.56 0.55 0.23 0.20 Indicated 5.4 1.44 0.72 0.54 0.25 0.20 Inferred 0.9 0.64 0.59 0.36 0.17 0.25 TOTAL 7.7 1.31 0.68 0.52 0.23 0.21 Contained metal (t) 100,670 167,850oz 40,360 18,000 15,900 RESERVES Proven 0.6 1.51 0.75 0.66 0.25 0.15 Probable 3.5 1.62 0.73 0.62 0.27 0.17 TOTAL 4.2 1.60 0.73 0.63 0.27 0.16 Contained metal (t) 66,700 97,700oz 26,100 11,100 6,900 See ASX release of 29 August 2013 for full details as required by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code).

September 2013

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Telephone: +61 8 9485 2929 Facsimile: +61 8 9486 8700 Email: altona@altonamining.com www.altonamining.com

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September 2013 33.

An Experienced Team

Altona Management Jarmo Vesanto General Manager Finland

 Geologist  25 years Outokumpu Oyj in Finland,

Canada and Australia

 6 years as Manager in Finland

Altona Board Kevin Maloney  Non-Executive Chairman, founder of The Mac Services. Extensive career in retail banking, finance and resources Paul Hallam  Non-Executive Director, formerly Director of Operations at Fortescue and EGM Development and Projects for Newcrest Peter Ingram  Non-Executive Director , 45 years mining industry experience Steve Scudamore  Non-Executive Director , 28 years as a partner at international accounting and financial services firm KPMG Alistair Cowden Managing Director

 Over 30 years experience as a geologist

and mining company executive

 Instrumental in listing Vulcan

Resources, Rox Resources, Archaean Gold and Magnetic Minerals Eric Hughes Chief Financial Officer

 Accountant, formerly BHP Billiton  20 years experience in financial

management of resources companies

 10 years experience as CFO of listed

companies Iain Scott Chief Operating Officer

 Metallurgist, formerly Straits, Renison  25 years experience in mining and

processing

 15 years experience at COO and MD

levels

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September 2013 34.

ASX Copper Producers (June Quarter)

Altona’s C1 Cash cost calculated as per Brook Hunt methodology. Refer to websites of above companies for their calculation method. Source: March quarterly activities reports of the respective companies, except Hillgrove which is for the quarter ended 31 July.

0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 C1 Cash Cost US$ / lb

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September 2013 35.

Altona’s Finnish Assets

Kylylahti Underground Mine Producing at 550,000tpa, reserves increasing and considering expansion

Luikonlahti Mill Guidance of 7,600 - 8,400t copper and 8,000 - 9,000oz gold in concentrates for 2013-2014 Regional Resources 2 past producing mines and 4 unmined deposit within 30km of mill have 9 million tonnes of resources Nickel Deposits Nickel-Copper-PGE deposits in eastern Finland

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September 2013 36.

Little Eva is a Large Deposit

 1.3km long, 20-370m wide  Drilled up to 300m deep (511 drillholes,

76km)

 Large bulk IOCG style deposit similar to

Ernest Henry

 Strip ratio of 1.8:1 after 15Mt pre-strip  Reserve: 53Mt ore at 0.6% copper, 0.1g/t

gold

 Additional 6Mt reserves in 3 small

satellite pits

 15Mt of low grade ore stockpiled and

treated at end of mine life

 11 year mine life  Underground potential

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September 2013 37.

Little Eva Financial Performance

Key Financial Assumptions Unit Long term copper price 2.75 US$ per pound Long term gold price 1,300 US$ per onuce Long term exchange rate 0.81 AUD/USD

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September 2013

Copper-only Deposits

 7 copper-only deposits (137Mt ore) for

800,000t copper

 These deposits are not considered in

current DFS

 Copper only deposits comprise ‘Native

copper ore’ in weathered rocks overlying fresh copper sulphide ore

 Sulphide ore is conventional and will be

treated as per Little Eva

 Native copper ore has lower (60%)

flotation recovery

 Studies will be delayed until Little Eva

developed

38.

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September 2013

Can Roseby be bigger than 2Mt copper?

 Altona has grown resource 60% to

1.52Mt of copper metal in 2 years

 4 Reserves, 7 Resources and many

prospects and workings

 Turkey Creek discovery in August 2012

highlights prospectivity

 All deposits open and growing, many

targets for extensions

 Dugald River zinc and Mary Kathleen

uranium highlight that exploration potential not limited to copper

 Major reconnaissance RAB program

highlights targets at Companion

39. Plan of deposits and prospects at central Roseby area

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September 2013 40.

Little Eva – Site Layout

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September 2013 41.

Straightforward Plant and Processing

Simple and rapid flotation with coarse grind. 96% copper and 85% gold recoveries to a clean 25% copper and 4g/t gold concentrate.

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September 2013 42.

Logistics and Permits

 9km from MMG’s $1.2 billion Dugald

River zinc development

 220 man camp 7km from sealed highway

and 60km from Cloncurry airport

 Concentrate trucked 65km to Cloncurry

rail siding in sealed half containers, rail to Townsville port

 Power via 12km spur line from Dugald

River proposed 220KV line

 Native title complete, environmental

authority granted and mining licences granted

 Minor modifications to Environmental

Management Plan may be required to reflect Definitive Feasibility Study

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September 2013 43.

What Little Eva Could Be

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September 2013 44.

Share Price has Outperformed other ASX Coppers

Altona commenced trading on 23 February 2010

50 100 150 200 250 300 350 Feb-10 Jun-10 Oct-10 Feb-11 Jun-11 Oct-11 Feb-12 Jun-12 Oct-12 Feb-13 Jun-13 Altona Hillgrove Ivanhoe Tiger OZ Minerals All Ordinaries