For personal use only. Platypus Minerals Ltd

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1 Platypus Minerals Ltd INVESTOR PRESENTATION 18 NOVEMBER 2013

2 Disclaimer & Competent Person Statement This presentation has been prepared by Platypus Minerals Ltd (ABN ) ( Platypus ) based on information available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Platypus, its related bodies corporate, its or their directors, employees or agents, advisers, nor any other person accepts any liability for any loss arising from the use of or reliance on this presentation or anything contained in, omitted from or otherwise arising in connection with it, including, without limitation, any liability arising from fault or negligence on the part of Platypus, its related bodies corporate or its or their directors, employees or agents. The distribution of this document in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions. This presentation is not an offer, invitation, solicitation or recommendation to invest in Platypus and neither this document nor anything in it shall form the basis of any contract or commitment. The information in this presentation does not take into account the investment objectives, financial situation and particular needs of investors and does not constitute investment, legal, tax or other advice. Before making an investment in Platypus an investor should consider whether such an investment is appropriate to their particular investment objectives, financial situation and particular needs and consult a financial adviser if necessary. This presentation does not purport to constitute all of the information that a potential investor may require in making an investment decision. Investments are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Platypus does not guarantee the performance of the investment referred to in this presentation, the repayment of any capital invested or any particular rate of return. You acknowledge that circumstances may change and the contents of this presentation may become outdated as a result. Platypus accepts no obligation to correct or update the information or opinions in this presentation. Opinions expressed are subject to change without notice. By accepting this document, you agree to be bound by the above limitations. The information in this public report that relates to exploration results is based on information compiled by Mr Tom Dukovcic who is a member of The Australian Institute of Geoscientists. Mr Dukovcic is an employee of Platypus Minerals Ltd and has sufficient relevant experience to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Dukovcic consents to the inclusion in this report of information compiled by him in the form and context in which it appears. Certain statements in the presentation are or maybe forward-looking statements and represent Platypus s intentions, projections, expectations or beliefs concerning among other things, future exploration activities. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Platypus, and which may cause Platypus s actual performance in future periods to differ materially from any express or implied estimates or projections. Nothing in this presentation is a promise or representation as to the future. Statements or assumptions in this presentation as to future matters may prove to be incorrect and differences may be material. Platypus does not make any representation or warranty as to the accuracy of such statements or assumptions.

3 Company Overview ASX-listed junior explorer with experienced and diversified board and management Primary Focus: Peruvian copper-gold projects, 230 sq km, San Mateo mining district, 100 km E of Lima Secondary Focus: synergistic copper-gold, nickel-copper, IOCG projects in WA Cheapest entry point into Peruvian copper and exposure to Chanape area. Progressive news flow from WA projects ahead of results from Peru Excellent upside for investors Capital Structure Directors Rick Crabb, Chairman; B.Juris, LLB, MBA, FAICD Market Capitalisation $6.4 million (@ 0.2c; 15/11/2013) Director of listed companies: Paladin Energy, Otto Energy, Golden Rim Resources. Shares on Issue 3.21 billion Tom Dukovcic, Managing Director; B Sc(Hons), MAIG, Options 117 million, listed (1.0 c by 30 Apr 14) 59.3 million, unlisted (0.3c by 31 Dec 14) Major Shareholders Circum-Pacific Hldgs Acorn Corporate P/L Rick Crabb Directors Top 20 MAICD Geologist with 20+ yrs experience; proactive manager. Laurie Ziatas, NED; B Juris, LLB, EMBA, MMedConflRes, MAICD Extensive corporate experience since 1990s; ex Inca Minerals. Dennis Trlin, NED; BEc, Gdip FINSIA Background in stockbroking, investment advice and research % 7.59% 6.57% 18.12% 62.07%

4 Exploration Portfolio PERU San Mateo Mining District: Minera Chanape SAC Central Project San Damian Regional tenements AUSTRALIA Western Australia: Mt Andrew (Ni-Cu-gold) Mt Webb (IOCG) New Project (Cu-Mo; in negotiation)

5 Peruvian Projects Ashburton Minerals Ltd, with overwhelming shareholder approval, acquired all of the shares in unlisted Platypus Resources Ltd (PRL) in October 2013 through the issue of 1.75 Bn ATN shares, and changed name to Platypus Minerals Ltd (PLP) to reflect the change in primary focus to copper exploration in Peru.

6 Peruvian Projects tenure position PRL has secured two projects in Peru: Central Project 1. Central Project (3,450 ha), surrounding Inca Minerals (ASX:ICG) through an agreement to acquire Peruvian private company Minera Chanape SAC (MC); and 1. San Damian Project (20,000 ha), owned by PRL and held in trust for PRL by MC. San Damian Project Selected tenement holdings in the San Mateo Mining District showing Platypus (yellow) Inca Minerals (green) and Sandfire Resources subsidiary SFR Copper & Gold (blue).

7 Chanape area geology Simplified geology, highlighting multi-phase intrusive and volcanic activity, and continuity of Chanape features into Platypus ground. Inca Minerals Ltd Chanape porphyry discovery hole, CHDDH01: 380m 600m (EOH), 0.13% Cu, 120ppm Mo. Drilled through porphyry copper style alteration zone. (Inca Minerals Ltd presentation, 13 March 2013).

8 Chanape area - geophysics Magnetics at 375 m depth. The annulus might represent a concentration of magnetite in a zone of propylitic alteration surrounding a porphyry deposit. Chargeability at 150 m depth, highlighting predominant NESW trends in the general area. (High Ridge, 2008). (High Ridge data, remodelled by Inca Minerals. Inca Minerals ASX release 30 November 2012). Geophysical data over the Chanape area shows continuity of prospective features into MC (Platypus) ground.

9 Inca extensions Example of extension of mineralisation from Inca s ground into the Platypus ground includes recent surface rock chip sampling in the NE corner. Gold grades of 31.6 g/t, 13.7 g/t and 19.4 g/t occur adjacent to boundary, with regional NE-SW structural trends promoting continuity to the NE into Platypus ground. (Inca Minerals Ltd Quarterly Report September 2013).

10 Central Project Platypus Targets Shullac In addition to targeting the obvious continuations of Chanape mineralisation, Platypus will initially investigate two priority targets wholly within its own ground, and separate to Chanape: 1. Cerro Molle a large alteration anomaly 2. Shullac a broad area of epithermal mineralisation associated with several artisanal silver-lead-zinc mines.

11 Cerro Molle visible from satellite Modelling of Aster satellite spectral data by MC suggests the presence of a separate, and larger, porphyry target at Cerro Molle within the northwest part of the Platypus tenements.

12 Shullac Mine The Shullac mine veins are hosted within a mineralized breccia and lie on the NE-SW trend typical of the general Chanape area. The main portal at the Shullac mine provides access to workings throughout the mine area. Surface rock chip sampling within the Minera Chanape (Platypus) ground at Shullac returned up to: 1.0 g/t Au 45.8 g/t Ag 2.17% Pb 12.25% Zn 0.14% of Cu.

13 Peruvian projects planned work 1st phase exploration (Q1 2014): Modelling of Aster multispectral data over remainder of Central Project, specifically the Shullac area Fieldwork over Cerro Molle and Shullac: mapping, rock chips, geochemistry Ground geophysics: magnetics, IP, gravity 2nd phase exploration (Q2 2014): Drilling at Cerro Molle Drilling at Shullac Reconnaissance over San Damian project

14 Australian Projects: Ni-Cu-Au; IOCG Platypus retains several projects in Western Australia to balance its exploration portfolio and to provide newsflow ahead of activities and results from Peru. All are: Aligned with the Platypus focus on copper-gold Located in proven districts Highly prospective, with defined targets Low cash commitment 1.Mt Andrew; Ni-Cu-Au; Fraser Range, WA 2.Mt Webb; IOCG; Western Arunta, WA 3.New project; Cu-Mo porphyry, WA (in negotiation)

15 Mt Andrew: Ni-Cu-Au, Fraser Range, WA Area of VTEMmax and ground EM survey.

16 Mt Andrew VTEMmax: bedrock conductors Helicopter-borne VTAMmax survey identified two high priority drill targets, both representing bedrock conductors (ie, possibly massive sulphides) commencing 35 m 50 m below surface. Both targets associated with high-mag rocks (maf/umaf?). Ground EM results awaited. Drilling late 2013? VTEM response VTEM targets over TMI

17 Mt Webb, IOCG, Western Arunta, WA

18 Mt Webb IOCG: current tenure Pokali Prospect (E80/4747, held by Toro Energy; Platypus earning 90% by spending $106K over 2 yrs): RC drilling by Ashburton in 2011/12 confirmed widespread copper, eg, 0.22% Cu; 0.27% Cu. E80/4820 (application; 100% Platypus): Two strong geophysical anomalies; possible IOCG targets.

19 Mt Webb IOCG: E80/4820 (under application) Bouger gravity image (left) and TMI image (right) highlighting two distinct IOCG targets in the Western Arunta region of WA.

20 Contact Information PLATYPUS MINERALS LTD L1, 254 Railway Parade West Leederville WA 6007 PO Box 1245 West Leederville WA 6901 Tel: ; Fax: WEB: INFO: