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OZ MINERALS • PAGE 1
OZ MINERALSMELBOURNE MINING CLUB
TERRY BURGESS MANAGING DIRECTOR & CEO
10 June 2010
WWW.OZMINERALS.COM
OZ MINERALS • PAGE 3
DISCLAIMER
This presentation has been prepared by OZ Minerals Limited (“OZ Minerals”) and consists of written materials/slides for a presentation concerning OZ Minerals.
By reviewing/attending this presentation, you agree to be bound by the following conditions.
No representation or warranty, express or implied, is made as to the fairness, accuracy, or completeness of the information, contained in the presentation or of
the views, opinions and conclusions contained in this material. To the maximum extent permitted by law, OZ Minerals and its related bodies corporate and
affiliates, and its respective directors, officers, employees, agents and advisers disclaim any liability (including, without limitation any liability arising from fault or
negligence) for any loss or damage arising from any use of this material or its contents, including any error or omission there from, or otherwise arising in
connection with it.
Some statements in this presentation relate to the future and are forward looking statements. Such statements may include, but are not limited to, statements
with regard to intention, capacity, future production and grades, projections for sales growth, estimated revenues and reserves, targets for cost savings, the
construction cost of new projects, projected capital expenditures, the timing of new projects, future cash flow and debt levels, the outlook for minerals and
metals prices, the outlook for economic recovery and trends in the trading environment and may be (but are not necessarily) identified by the use of phrases
such as “will”, “expect”, “anticipate”, “believe” and “envisage”. By their nature, forward-looking statements involve risk and uncertainty because they relate to
events and depend on circumstances that will occur in the future and may be outside OZ Mineral’s control. Actual results and developments may differ
materially from those expressed or implied in such statements because of a number of factors, including levels of demand and market prices, the ability to
produce and transport products profitably, the impact of foreign currency exchange rates on market prices and operating costs, operational problems, political
uncertainty and economic conditions in relevant areas of the world, the actions of competitors, activities by governmental authorities such as changes in
taxation or regulation.
Given these risks and uncertainties, undue reliance should not be placed on forward-looking statements and intentions which speak only as at the date of the
presentation. Subject to any continuing obligations under applicable law or any relevant stock exchange listing rules, OZ Minerals does not undertake any
obligation to publicly release any updates or revisions to any forward looking statements contained in this presentation, whether as a result of any change in OZ
Minerals expectations in relation to them, or any change in events, conditions or circumstances on which any such statement is based.
Certain statistical and other information included in this presentation is sourced from publicly available third party sources and has not been independently
verified.
OZ MINERALS • PAGE 4
• Asset life
• Exploration
• Commodity cycles
• Human capital
MINING: A LONG-TERM BUSINESS
OZ MINERALS • PAGE 5
ASSET LIFE ROUTINELY UNDERESTIMATED
Selected assets:
Mine Start up Original
life
Actual mine
life
Projected
life
Henty 1996 4.5 14 1.7
Kanowna Belle 1993 10 17 4
CSA 1964 15* 45 2.5
Kansanshi 1939 ? 41 13
Nkana 1932 ? 78 23
Iduapriem 1992 4 18 14
*estimate
Source: Public Documents, MEG Data
NB: Accuracy of all figures cannot be guaranteed
OZ MINERALS • PAGE 6
ASSET LIFE: GIANT COPPER DEPOSITS SIGNIFICANTLY GROW IN SIZE OVER TIME
Source: Minex Consulting based on Company
Annual Reports and Press Releases
Oyu Tolgoi
Pebble
EscondidaOlympic Dam
La Granja
ResolutionReko Diq
Grasberg
Tampakan
Current Resource + Cumulative Production (mt Cu metal)
Years after discovery
Kalumbila
OZ MINERALS • PAGE 7
EXPLORATION EXPENDITURE: COPPER DISCOVERIES
Exploration expenditures and amount of metal foundPrimary copper deposits >0.3 Mt found in Western World: 1950-2009
0
30
60
90
120
1950 1960 1970 1980 1990 2000 2010
$0
$1
$2
$3
$4
Exploration Expenditures
Estimates
Pro-rata for Deposits w/out Discovery date
Western World Discoveries
Mt Cu
Exploration Expenditures
(2008 US$B)
Note: Chart include adjustment for deposits missing from the database Source: MinEx Consulting Sept 09
OZ MINERALS • PAGE 8
PROMINENT HILL - PROSPECTIVITY
ML
EL4390
EL3795
EL4283 ML6228
EL4429
EL4429
EL4025
EL4132
EL4429
Prominent
Hill
EL
ML
EL
ML
OZ Minerals 100%
OZ Minerals mining lease
IMX exploration lease
IMX Mining lease
Prospect
OZ Minerals & IMX Joint Venture tenements - ~7,000km2 combined
OZ MINERALS • PAGE 9
COMMODITY CYCLICITY
Source: LME, ANZ
Global copper prices 1970-2009
0
50
100
150
200
250
300
350
400
450
1970 1975 1980 1985 1990 1995 2000 2005
US c
ents
/lb
Oil crisis
Stagflation
80's boom
90's recession
Tech boom
China boom
Japan boom
OZ MINERALS • PAGE 10
HUMAN CAPITAL
Q: What keeps CEO’s awake at night
A: #1 - Sourcing skilled people (52%)
Source: Accenture/Business Spectator survey May 2010
OZ MINERALS • PAGE 11
OUTSIDE MELBOURNE TOWN HALL
OZ MINERALS • PAGE 12
OZ MINERALS: WOMEN IN MINING STATISTICS
Mining Industry
Women -
office based,
15%
Women - site
based, 3%
Men, 82%
Australian Workforce
Men, 55%Women, 45%
* Does not include contractors
OZ Minerals Australian Workforce*
Women - site
based, 10%
Women -
office based,
12%
Men, 78%
OZ MINERALSMELBOURNE MINING CLUB
TERRY BURGESS MANAGING DIRECTOR & CEO
10 June 2010
WWW.OZMINERALS.COM
OZ MINERALS • PAGE 15