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altonamining.com November 2013 Corporate Presentation Symposium Forum November 2013 www.altonamining.com ACN 090 468 018 ASX: AOH FSE: A2O

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altonamining.com November 2013

Corporate Presentation

Symposium Forum

November 2013

www.altonamining.com ACN 090 468 018

ASX: AOH

FSE: A2O

altonamining.com November 2013 2.

Disclaimer and JORC Compliance

What You Should Know

Find out more - This presentation is being used as a presenter’s aid with 1 information. See Altona’s other 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.

Copper Equivalence

Copper equivalence refers to production only where total revenues are expressed as copper revenues, ie. Revenue

÷copper price. It does not refer to Resources, Reserves or drill results.

altonamining.com November 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 2013YTD

Today

altonamining.com November 2013 4.

Growing Copper Production and Optionality

Underground copper-gold mine in Finland

Outokumpu Project Roseby Project

Development ready, 40ktpa copper

altonamining.com November 2013 5.

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 (12-11-2013): A$0.15

Average daily turnover: 0.5M shares

Shares on issue: 532M

Market capitalisation: A$80M

Debt: US$21M

Cash (01-09-2013): A$26M

Research coverage: Credit Suisse

Market Status

Source: ASX

altonamining.com November 2013 6.

Outokumpu Copper Project in Finland

I metre

Massive copper sulphide ore in development face

altonamining.com November 2013 7.

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.

altonamining.com November 2013 8.

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

November 2013 altonamining.com

9.

Kylylahti Underground Mine

All infrastructure in place

November 2013 altonamining.com

10.

Luikonlahti Mill

November 2013 altonamining.com

Mine and Mill Movie

11.

November 2013 altonamining.com

12.

Robust Quarterly Production Performance

2012/2013 was a ramp up year and EBIT (earnings) were US$18.3 million.

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

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

3,500

4,000

Q3 FY12 Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13 Q4 FY13 Q1 FY14

US

$ / lb

* To

nn

es

By-products as Copper Equivalent Copper C1 Cost

altonamining.com November 2013 13.

Altona Among the Best ASX Copper Producers

Altona’s C1 Cash cost calculated as per Brook Hunt methodology. Refer to websites of above

companies for their calculation method. Source: September 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 September Quarter

altonamining.com November 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

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

Feasibility Study June 2012 December 2012 June 2013

Co

pp

er

Gra

de

%

Co

pp

er

Ton

ne

s

Production depletion Ore Reserves Cu t Reserve Grade

altonamining.com November 2013

Deep drilling underway to expand resources

Kylylahti Mine Open at Depth

15.

altonamining.com November 2013 16.

Outokumpu: Sustainable Growth

PRODUCTION AND GROWING

CASHFLOW

Currently 12 - 13,000tpa Cueq*, 7.6 year

life. Reserve expansion likely, targeting

700,000tpa throughput

STRATEGIC ASSET Leverage our mill and competencies in the

Nordic region

FINANCIALLY STRONG Cash in bank, no net debt and positive

cashflow

EXPLORATION UPSIDE We control a major historic copper field

POTENTIAL FOR COBALT-

NICKEL REVENUE

Storing US$50M of valuable metals in

concentrates in dams each year

* See Disclaimer.

November 2013 altonamining.com

Roseby Copper Project

Little Eva

17.

Looking north-west from Green Hills

November 2013 altonamining.com

18.

3 Elements to the 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

within Little Eva Project tenure

Exploration

• 750km² of exploration tenure prospective for copper,

gold and zinc-lead-silver surrounds the Resources.

• 800km2 Roseby South JV with Chinalco Yunnan

leverages exploration exposure

altonamining.com November 2013 19.

A Strategic Asset

altonamining.com November 2013

May 2012 Definitive Feasibility Study

20.

Bankable DFS 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$252 million NPV

A$320 million capital cost

US$1.70/lb cash cost Ernest Henry Mine Truck

altonamining.com November 2013

DFS Update Pending

DFS costs were top of market

− Mining contractor rates down 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)

21.

November 2013 altonamining.com

22.

What Next for Little Eva?

Altona needs a partner to develop Little Eva

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

China has bought up the Mt Isa area, eg: Shanxi Donghui A$160 million bid for copper miner Inova

A number of Chinese parties and others in the data room

Major land positions in Mt Isa

altonamining.com November 2013 23.

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 OPTION

Little Eva copper-gold deposit nearing

decision to build / value realisation

STRONG FINANCIALS

Cash in bank, no net debt and positive

cashflow

EXPLORATION UPSIDE

We control two major copper fields

November 2013 altonamining.com

24.

2011 was a turbulent year,

2012 will be Altona’s year to shine

Termite mounds watching summer

storms at the Blackard deposit

APPENDICES

altonamining.com November 2013 25.

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

November 2013 altonamining.com

26.

Luikonlahti Mill Key Facts

Status 91.5% copper recovery.

71.5% gold recovery.

Products Copper-gold concentrate

Zinc concentrate.

Sales Boliden’s Harjavalta

smelter 400km by truck,

monthly payments.

FY2013 sales US$64M.

Plant capacity Up to 700,000tpa.

Milling cost €15/tonne plus €3/tonne

concentrate transport.

Cobalt Low-grade cobalt-nickel-

copper concentrate in

storage dams

Interior Luikonlahti Mill Hall

Pebble mill 1 in action

November 2013 altonamining.com

27.

Kylylahti Mine Key Facts

Status 600,000tpa, expansion under

consideration

Mine 5.5m x 5.5m decline tunnel,

longhole open stopes with

cemented waste fill

Life of mine

average

production

Copper: 8,000tpa

Gold: 8,400ozpa

Zinc: 1,600tpa

Copper equiv: 12,000tpa

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

altonamining.com November 2013 28

Outokumpu Guidance FY2014

Metric Guidance Range

Ore (tonnes) 570,000 - 625,000

Copper grade (%) 1.50 - 1.65

Copper production (tonnes) 8,000 - 8,800

Gold production (ounces) 8,400 - 9,200

C1 costs (US$/lb) 1.60 - 1.75

Production guidance increased after excellent first quarter

C1 cash cost guidance falls

Commence paying debt principal in Q3 FY2014

Capital expenditure will reduce significantly in FY2015

8,659 tonnes copper hedged to Q4 FY16 at €5,651/tonne (US$3.46/lb)

altonamining.com November 2013

Altona Overview and Objectives

A profitable 9,000ktpa copper producer at Outokumpu in Finland with by-product gold, silver and zinc (12-13,000t copper equivalent)

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

Completed Definitive Feasibility Study for the Little Eva copper project near Mt Isa, Queensland has NPV of US$250 million

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

29.

altonamining.com November 2013 30.

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

altonamining.com November 2013

Top 10 Shareholders (53.6%)

31.

Rank Shareholder Country No. of Shares %

1 Perpetual Investments Australia 73,422,491 13.8%

2 L1 Capital Australia 58,006,278 10.9%

3 German retail clients through

Clearstream Luxembourg Germany 38,947,372 7.3%

4 Kevin Maloney (Chairman) Australia 35,348,000 6.6%

5 Thomas Roeggla and clients Monaco 29,626,422 5.6%

6 Colonial First State - Growth Australian Australia 11,200,000 2.1%

7 Matchpoint Investment Management Hong Kong 11,114,261 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%

altonamining.com November 2013 32.

Share Price has Outperformed other ASX Coppers

Altona commenced trading on 23 February 2010

0

50

100

150

200

250

300

350

Altona Hillgrove Ivanhoe Tiger OZ Minerals All Ordinaries

November 2013 altonamining.com

I metre

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 ounces 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.

33.

November 2013 altonamining.com

Little Eva Project - Resource and Reserve Estimates

Tonnes (m)

Copper (%)

Gold (g/t)

Contained Copper

(t)

Contained Gold (oz)

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 reserves are drawn from Little Eva, Lady Clayre and Ivy Ann.

34.

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.

altonamining.com November 2013 35.

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).

November 2013 altonamining.com

Telephone: +61 8 9485 2929

Facsimile: +61 8 9486 8700

Email: [email protected]

www.altonamining.com