OZ MINERALS. JP Morgan Melbourne Mining Day. Terry Burgess, Managing Director and CEO. Melbourne 16 October 2009 OZMINERALS.COM

Transcription

1 OZ MINERALS JP Morgan Melbourne Mining Day Terry Burgess, Managing Director and CEO Melbourne 16 October 2009 OZMINERALS.COM

2 OZ MINERALS: CURRENT STATUS 2 Prominent Hill ramping-up to name-plate capacity by end of Feasibility study on underground expansion at Prominent Hill underway. Cambodia Operation Exploration MARKET STATISTICS ASX-listed (OZL, S&P/ASX 100). 3,121m issued shares. Average turnover; 30m shares/day. Share price; A$1.30 Market capitalisation; A$4 billion. Exploration accelerated at Prominent Hill and in Cambodia. Prominent Hill copper-gold operation SHAREHOLDER BASE Europe 2% As ia 5% Other 4% A$1 billion cash at 30 June AUSTRALIA N America 9% US$105m convertible note only debt. Headquarters UK 12% Australia 68% Institutions: 60%. Retail: 40% 115,000 shareholders

3 COPPER: STRONG OUTLOOK 3 > Chinese and Indian demand for copper has a long way to go. COPPER INTENSITY OF USE 25 Sth Korea Germany 20 Japan China India China F'cast > Supply will be a challenge. 22 COPPER SUPPLY/DEMAND FORECAST LONG TERM kg/capita Copper (Mt) 18 5 Forecast 14 Refined production Consumption demand 0-5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45, e 2012e 2014e 2016e 2018e 2020e Source: World Bank, CRU GDP/Capita COPPER MINE PRODUCTION LOSSES FROM PLAN Source: ICSG; Brook Hunt; Citi COPPER PRICE FORECAST BROKER CONSENSUS '000t USc/lb April June October Source: Brook Hunt, Macquarie Research, June 2009

4 PROMINENT HILL RAMPING UP TO NAME-PLATE CAPACITY 4 Location: Ownership: 100%. First production: Reserves: Resources: Mine: Product: South Australia, Australia. February 2009, completing ramp up. 1.3% Cu, 0.6g/t Au, 3.2g/t Ag. (0.95Mt Cu, 1.4Moz Au, 7.5Moz Ag) 0.9% Cu, 0.8g/t Au, 2.5g/t Ag, (2.6Mt copper, 7.6Moz gold, 23Moz silver). Open pit, mining contractor Thiess High grade (+50% Cu), high quality, copper concentrate Estimated mine life: Plant: Production: 2009E C1 costs 2009E: 9 years for Stage 1 open pit. Potential underground or additional open pit capable of supporting mine life and throughput expansion. 8Mtpa crush, grind, flotation. 85,000t to 90,000t contained copper, 60,000oz to 70,000oz gold. US$0.70 US$0.75/lb

5 PROMINENT HILL SITE 5 VILLAGE WESTERN COPPER ZONE AREA ROM PAD NORTHERN WASTE DUMP PROCESSING PLANT PIT SOUTHERN WASTE DUMP TAILINGS DAM

6 Q3 PRODUCTION 6 Prominent Hill Q SEPT QTR YTD 09 Mined Ore 1,569,800t 6,197,617t Waste 8,877,954t 27,452,300t Ore milled 1,734,990t 4,252,385t Milled grade Copper 2.0% 1.9% Gold 0.6g/t 0.6g/t Silver 4.9g/t 4.4g/t Recovery Copper 81% 76% Gold 65% 60% Copper concentrate produced Concentrate grade Silver Copper 80% 60% 51,115t 108,678t 55% 55% PROMINENT HILL PLANT COPPER RECOVERY 2009 Recovery 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Feb Mar Apr May Jun Jul Aug Sep PROMINENT HILL OPEN PIT SHOWING MINING AREAS Gold 12.8g/t 12.9g/t Silver 134.4g/t 103.1g/t Contained metal in concentrate Copper 28,316t 59,813t Gold 21,091oz 45,009oz Silver 220,816oz 360,241oz Total concentrate sold Copper 55,156t 91,297t

7 CONCENTRATE: HIGH GRADE, COMPETITIVE DELIVERY TIMES 7 High quality concentrate > Currently highest grade copper concentrate traded on the open market 55% copper. > Ideal for blending with lower grade concentrates. > Grade will vary depending on ore type 45% Cu LOM. > Gold content is high but variable, 19g/tAu LOM. > Low impurities controlled by latest technology in fine grinding Isa Mill, Jameson Cell. Logistics > 48 hours from mine to Port of Darwin. > 8-10 days sailing to customers. > Storage at Port of Darwin. Marketing > 200,000 dmt concentrate per annum. > Deliveries to China, Europe and India. > Small domestic tonnages. > Spot TC s down significantly in > 2009 H2 TC s mostly at term 2009 contract rates, some deliveries at spot rates First concentrate loaded into the storage shed.

8 PROMINENT HILL UNDERGROUND FEASIBILITY STUDY 8 UNDERGROUND STUDIES Western Cu resource Western Au Central lower Cu- Au resource

9 PROMINENT HILL REGIONAL TARGETS 9

10 CAMBODIA DRILLING IN PROGRESS 10

11 OZ MINERALS SUMMARY 11 > Prominent Hill ramping up successfully. > Prominent Hill expansion studies recommenced. > Priority regional underground targets being tested at Prominent Hill. > Drilling in Cambodia recommenced and good results to date. > Strong balance sheet. Now one of the best positioned companies in the sector.

12 THANK YOU Investor contact: Natalie Worley Head of Investor and External Relations