MOLY MINES LIMITED
MOLY MINES LIMITED
Annual General Meeting 28 May 2015 AgendaMOLY MINES LIMITED
§ Annual General Mee-ng of Shareholders
§ Ac-ng CEO's Presenta-on - Graeme Kininmonth
§ Ques-ons
Agenda§ Annual General Mee-ng of Shareholders
§ Ac-ng CEO's Presenta-on - Graeme Kininmonth
§ Ques-ons
MOLY MINES LIMITED
DisclaimerMOLY 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
2014 - Year in Review§ 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
2014 - Year in ReviewMOLY 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
2014 - Corporate Update§ 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
2014 - M&A ActivityMOLY 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
AgendaMOLY 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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