AEON METALS LTD PORPHYRY COPPER MOLYBDENUM PROSPECTS AT THE NORTHERN END OF THE NEW ENGLAND OROGEN IN THE MONTO REGION, CENTRAL QUEENSLAND

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1 a AEON METALS LTD PORPHYRY COPPER MOLYBDENUM PROSPECTS AT THE NORTHERN END OF THE NEW ENGLAND OROGEN IN THE MONTO REGION, CENTRAL QUEENSLAND NEW ENGLAND OROGEN SEMINAR, BRISBANE JUNE 2015 Martin E. I Ons, M.E. I Ons & Associates PL on behalf of Aeon Metals Ltd

2 REGIONAL SETTING

3 REGIONAL SETTING ON 1:250,000 TOPO MAP BASE Based on the NATMAP 1:250,000 scale topographic Raster maps of Australia

4 REGIONAL GEOLOGICAL SETTING Based on the Queensland Geology and Structural Framework GIS data, 2012

5 LOCATION ON REGIONAL RTP AEROMAGNETIC IMAGE Based on the Queensland Merged RTP Aeromagnetic Image

6 Regional Gravity Setting Based on Queensland Government GIS Data

7 Google Earth Oblique Image of the AQR Prospects Windmill Hill to John Hill - Ben Hur Showing the Strong N-S Alignment

8 Google Earth oblique image of the AQR Ben Hur Project Area that includes the John Hill and Kiwi Carpet Prospects

9 JOHN HILL LOCATION & OLD KENNECOTT DHs ON FUGRO AEROMAGNETIC IMAGE processing by Terry Harvey

10 JOHN HILL POTASSIUM CHANNEL IMAGE FUGRO DATA AND LOCATION OF INITIAL PARTIAL LEACH TRAVERSES

11 ONLY OUTCROP WITH SULPHIDE VEIN STOCKWORK IN MONZO-DIORITE AT JOHN HILL ESSENTIALLY PYRITE NO COPPER MINERALISATION AT THIS LOCATION

12 INTERTECK GENALYSIS TL1 PARTIAL LEACH RESULTS EASTERN AND WESTERN ANOMALIES Blue Mo, Green Cu, Red - Ag

13 INTERTECK GENALYSIS TL1 PARTIAL LEACH RESULTS FOR THE NORTHERN ANOMALY Blue Mo, Green Cu, Red - Ag

14 LOCATION OF IP TRAVERSE AT JOHN HILL PROSPECT

15 JOHN HILL IP SURVEY RESULTS Data collected by Search Exploration Processed by Rama Geoscience Rob Angus

16 LOCATION OF DH 12KC055 FROM WHICH PHOTOS OF MINERALISED CORE THAT FOLLOW WERE TAKEN

17 12KC055 HQ 81m. Near the base of oxidation, chalcocite on fractures.

18 12KC055 NQ 165.5m Porphyritic Monzo diorite with Kspar and biotite alteration stockwork minor chalcopyrite

19 12KC055 NQ 199m. Biotite, K feldspar and qtz veins with chalcopyrite in porphyritic monzo-diorite. Chalcopyrite also disseminated

20 12KC055 NQ 353.5m. Disseminated chalcopyrite in porphyritic monzo-diorite and qtz vein with Chalcopyrite and molybdenite

21 NQ CORE PHTO 411.4m - Intense potash alteration with disseminated molybdenite and chalcopyrite replacing porphyritic monzo-granodiorite.

22 12KC055 NQ 482m. Qtz veins with chalcopyrite in porphyritic monzo-diorite. Chalcopyrite also disseminated

23 12KC055 NQ 550m. Strong K feldspar alteration with chalcopyrite cutting in two phases of porphyritic monzo-diorite. Chalcopyrite also disseminated

24 12KC055 NQ 543m. Strong K feldspar alteration with chalcopyrite and MoS and two phases of porphyritic monzo-diorite. Chalcopyrite also disseminated, particularly in the finer grained intrusion

25 CENTRAL QUARTZ-FELDSPAR PORPHYRY INTRUSION AT JOHN HILL Pervasive potash alteration, disseminated pyrite & chalcopyrite, few fractures. Low grade Cu

26 JOHN HILL SRK CONSULTING MODELLED PLAN VIEW AT 350mRL Modelled Plan View section At 350m RL Modelled section On N 1000m Figure: Modelled Plan view (at 350 mrl) at the John Hill Co-Mo Porphyry deposit, South East Queensland

27 SRK CONSULTING MODELLED E-W SECTION THROUGH THE JOHN HILL PORPHYRY SYSTEM Modelled Plan View section At 350m RL 1000m Modelled section On N Figure: Modelled section view (at N) through the John Hill Co-Mo Porphyry deposit, South East Queensland

28 JOHN HILL DRILL HOLES ON IP AND SRK MODEL

29 AEON METALS LTD ASX ANNOUNCEMENT NOVEMBER, 2013 Maiden Ben Hur Project JORC Resource Aeon Metals Ltd (ASX:AQR) ( Aeon or the Company ) advises that the maiden November 2013 Mineral Resource estimate for the John Hill copper-silver-molybdenum deposit within the Ben Hur Project contains 190,000 tonnes of copper, 2,700,000 ounces of silver and 7,000 of molybdenum (at a 0.24% copper cut-off). The Mineral Resource estimate has been completed by geological consultant SRK Consulting in accordance with the guidelines of the JORC Code (2012 edition). The resource comprises: JORC Classification Tonnage Cu Grade Mo Grade Ag Grade Cu Mo Ag 0.24% Cu cut-off) (Mt) (%) (%) (g/t) (t) (Mlb) (Moz) Inferred ,

30 LOCATION ON REGIONAL AEROMAGNETIC IMAGE Based on the Queensland Merged RTP Aeromagnetic Image

31 Google Earth Oblique Image of the AQR Greater Whitewash Prospects from Windmill Hill to Gordon s Showing the Local Strong N-S Alignment

32 Simplified geology of the Gordon s, Whitewash and Whitewash South area overlaid on the colored gravity survey image. Gravity survey by Planetary Geophysics

33 Breccia from hole 10 WW 97 WHITEWASH SOUTH. Molybdenite & chalcopyrite in matrix, clasts are altered granodiorite, assays to over 4000ppm Mo with an increase in potassium.

34 WHITEWASH SOUTH. Brecciated breccia with molybdenite in matrix. NQ core. Some clasts also have quartz-molybdenite veins from an earlier event.

35 WHITEWASH SOUTH. Crackle breccia with molybdenite and fine chalcopyrite in the matrix. Host is leucogranite. NQ core.

36 Typical contact between overlying granodiorite and underlying granite note sequence of pegmatite-microgranite-leucogranite down the hole just below the contact. NQ core

37 West D 152D 162 Granodiorite WHITEWASH SOUTH. 7,253,800N section Initial Interpretation Surface 151D D 97D 94D 96D 120D 121D Breccia Whitewash 68.5Mt Cu = 0.12% Mo = 386ppm 37 East 400 Elev Granite Cu = 0.27% Mo = 276ppm Increasing Copper Whitewash South Cu = 0.12% Mo = 378ppm Breccia/Granodiorite/Porphyry Open at Depth (and Along Strike) m 125m 250m

38 Chalcopyrite mineralisation in leucogranite WHITEWASH SOUTH, western end

39 Massive quartz chalcopyrite vein in leucogranite found by targeting coincident magnetic low, gravity low and SAM high. WHITEWASH SOUTH, western end

40 Microgranite dyke with pegmatite segregation containing chalcopyrite and pyrite. Clear evidence that the microgranite magma contained copper in the residual fluid. WHITEWASH SOUTH - western end

41 WHITEWASH CENTRAL: Typical molybdenite - chalcopyrite quartz veins hosted in potassic altered granodiorite

42 GORDON S : Massive quartz vein with molybdenite and pyrite

43 Upper portion of GORDON S Possible collapse breccia, strong sericite alteration and disseminated pyrite and molybdenite

44 GORDON S: Strong sericite alteration with disseminated molybdenite.

45 GORDON S: Disseminated Molybdenite in leucogranite

46 GORDON S: Molybdenite rosettes in porphyritic microgranite

47 GREATER WHITEWASH MINERAL RESOURCE Greater Whitewash Mineral Resource Category Tonnes (Mt) Mo (ppm) Cu (%) Ag (g/t) Indicated Inferred Total The information above that relates to Mineral Resources and Exploration Targets is based on information compiled by Mr Danny Kentwell, who is a member of the AusIMM. Please refer to Aeon s ASX announcement dated 30 May 2011 for a detailed Competent Person statement.

48 REGIONAL SETTING ON 1:250,000 TOPO MAP BASE Based on the NATMAP 1:250,000 scale topographic Raster maps of Australia

49 LOCATION ON REGIONAL AEROMAGNETIC IMAGE Based on the Queensland Merged RTP Aeromagnetic Image

50 MEAT ANT NEST SEVEN B PROSPECT NITON XRF INDICATED >3000ppm Zn, >3000ppm Pb & approx. 900ppm As and 500ppm Cu.

51 OXIDE COPPER AT 8m SEVEN B PROSPECT

52 CHALCOPYRITE IN RC CHIPS, WILD CHILLI PROSPECT, SEVEN B PROJECT

53 COARSE VOLCANICLASTIC WITH PORPHYRITIC ANDESITE CALSTS. CHALCOPYRITE IN THE MATRIX, WILD CHILLI PROSPECT, SEVEN B PROJECT

54 70.3m. XENOLITH OF QUARTZ, PYRITE AND CHALCOPYRITE IN A MAFIC INTRUSION, WILD CHILLI PROSPECT, SEVEN B PROJECT

55 m SPHALERITE AND GALENA VEINING IN STRONGLY ALTERED AND METAMORPHOSED BASALTIC BRECCIA, MEAT ANT PROSPECT, SEVEN B PROJECT

56 ACNOWLEDGEMENTS: My thanks to Aeon Metals Ltd for permission to deliver this presentation that is primarily aimed at describing the geological, geophysical and geochemical characteristics of the porphyry copper molybdenum prospects in the Monto region of Queensland. Porphyry specialists Greg Corbett and Doug Menzies have both contributed to the understanding of these deposits. Paul Ashley undertook all the petrographic studies relating to this mineralisation.

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