An emerging copper producer in Australia

ASX Code: QMN

Queensland Mining Corporation Limited

Presentation to Institutional Investors

September 2016

DISCLAIMER AND NOTICE

• The purpose of this Investor Presentation is to provide selected parties ("Recipients") with information regarding the Company. It is not intended for and should not be distributed to any persons other than as permitted herein. This Investor Presentation is not a prospectus, offer information statement or any other disclosure statement within the meaning of the Corporations Act 2001 and has not been lodged with or registered by the ASIC. As such there is a lower level of disclosure required than would be required in a prospectus or any such other disclosure document.

• This document has been prepared by Queensland Mining Corporation Limited (ACN 109 962 469) ("QMC" or the Company). The Directors of the Company have no reason to believe the information incorporated in the Investor Presentation is other than reliable, however they have not sought independently to verify all such information and therefore make no warranty as to its accuracy. Each Recipient must make its own independent assessment and investigation of the business opportunity and should not rely on any statement or the adequacy and accuracy of any information and obtain independent and specific advice from appropriate professional advisers.

• The information contained in this Investor Presentation or subsequently provided to the Recipient whether orally, electronically or in writing by or on behalf of QMC or its respective employees, agents, or consultants (Information) is provided on the terms and conditions of this notice.

• The Investor Presentation does not purport to contain all the information that a prospective investor may require about any potential investment in QMC or its underlying business. It is not intended to be a complete or accurate statement of material information.

• QMC makes no representation or warranty, express or implied, as to the accuracy, reliability, or completeness of the Information. QMC and its respective Directors, employees, agents and consultants shall have no liability (including liability to any person by reason of negligence or negligent misstatement) for any statements, opinions, information, or matters, express or implied arising out of, contained in or derived from, or any omissions from the Presentation, except liability under statute that cannot be excluded.

• The Investor Presentation contains reference to certain intentions, expectations, and plans of QMC that may or may not be achieved. They are based on certain assumption that may not be met or on which views may differ. The performance and operations of QMC may be influenced by a number of factors, many of which are outside the control of QMC. The Document contains reference to certain intentions, expectations, and plans of QMC that may or may not be achieved. They are based on certain assumption that may not be met or on which views may differ. Due to various risks and uncertainties, actual events or results or the actual performance may differ materially from those reflected or contemplated in such forward-looking statements. The performance and operations of QMC may be influenced by a number of factors, many of which are outside the control of QMC. No representation or warranty, express or implied, is made by QMC or any of its respective Directors, officers, employees, advisers, or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. No representation or warranty, express or implied, is made by QMC or any of its respective Directors, officers, employees, advisers, or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.

• The Investor Presentation is confidential to QMC. By its acceptance, the Recipient agrees that it will not transmit, reproduce or make available the Presentation to anyone other than its professional advisers without prior consent of QMC. Any disclosure to the advisers of the Recipient must be on a confidential basis for the purpose only of assessing the Presentation and the information contained therein as adviser to the Recipient.

• QMC reserves the right to reject any expression of interest and to withdraw this Presentation at any time without giving notice of reasons to Recipients. The lodgement of any expressions of interest by a Recipient may or may not result in an offer being made to the Recipient, on such terms as QMC may determine.

  Corporation Profile

  • Australian copper exploration and development company

  • Flagship White Range Project has existing JORC resources containing

    approximately 240kt copper @ 0.8% Cu, 165koz gold and 11kt cobalt

  • Production potential: 10,000-15,000t copper metal per annum for potential 10+ years mine life

  • Low cost operation: open-cut mining, heap leach processing to produce

    LME copper cathode on site

  • Extensive land holding in the heart of the world class Mount

    Isa/Cloncurry copper-gold province

  • New drilling results confirmed clear scope to increase resources substantially

Key Investment Highlights

• Over $1.4b in-situ value of copper metal, with only $12m market capitalization^

• $5.3m cash reserve*, low cash burning rate

• Previous feasibility study yielded positive result at low copper price environment, yet with significant technical improvement upside

• Major resources hosted in granted mining leases, ready to be developed

• Significant exploration potential to extend mine life

• Seeking partners to bring White Range Project into production

^ Based on LME copper price, share price and exchange rate on the 1st of September 2016

* As of the 29th of August 2016