Ann: Mutiny Gold Ltd - ARC 2012 Presentation , page-2

Vision
? Mutiny Gold Ltd’s objective is to be a profitable and significant gold copper producer, reward our
shareholders and be of service to the community.
Strategy
? Mutiny’s immediate focus is development of its flagship Deflector Gold Copper Deposit on which it has
completed a Definitive Feasibility Study
? Increase size of Deflector resource and production rate through exploration and development programs
Key Outcomes of Feasibility
? DFS confirms Deflector to be a low cost, highly profitable Gold Copper Project
? Estimated average Life of Mine Cash Operating Cost of $618 per oz Au Equivalent
? Initial Life of Mine of 7½ years
? Initial production forecast of 480,000 Gold Equivalent ounces including; 397,000 oz Au, 18,147 tonnes of Cu
and 395,864 oz of Ag
? Estimated Net Operating Cash Flow of $425m
? Net operating Cash Flow after debt (project finance) and taxes $225m
? EBITDA of $425m
? Capital Costs for plant construction $71m
? Capital cost for mine construction $20m
? Annual production of 70,000 oz Au Eq
? Targeted annual production increase to 105,000 oz Au Eq
Company Direction
5Accomplishments to date:
? Entered into agreement to acquire Gullewa Gold Project (containing Deflector) in June 2010
? Extended knowledge of resource including drilling success
? Dramatically improved the recovery of Gold, Silver and Copper
? Completed Deflector Gold Copper Scoping Study showing high grade, low cost, high profit project potential
? Resolved all known technical issues of processing ore including completing flow sheets and engineering
studies
? September 2011 Credit Suisse completed No Fatal Flaws Review and advanced $11m to assist
completion of Deflector Acquisition and support the Feasibility Study
Accomplishments since the November 2011 Gold Symposium
? November 2011 to March 2012 Completed $4m extensional and infill drill program
? Results of drill program showed bonanza gold-copper grade intercepts
? Released maiden Deflector Reserves in June 2012
? 50% increase in Share Price since June 2012
? Completed Bankable Feasibility Study in June 2012 / Updated Deflector Resource in August 2012
? Key mining permits approved
? Updated Deflector Reserves in October 2012
? Updated BFS to DFS in October 2012 including 30% increase in profit forecast 6Key Mining Permits
7
Permit / Licence Regulatory Agency Submitted Approved / Current
Works Approval DEC Y Y
Prescribed Premises DEC Y Y
Groundwater Licence DOW Y Y
Clearing Permit DMP Y Pending
Mining Proposal DMP Y Pending
Project Management Plan – Plant DMP Y Y
Project Management Plan - Mining DMP Y Y
Dangerous Goods DMP /DoH Y Y
Haul Road construction Shire of Yalgoo Y Y
Consent to mine the Gullewa Townsite DPM Y YOperation Profile
8
Open Pit Operation
Mining oxide and transition ore at the rate of 480,000 tonnes per annum using selective drill and blast accessing
multiple faces and utilising 100 tonne hydraulic excavators and 100 tonne trucks
Ore will be excavated on 5m Benches
Feasibility defines an initial operation of 7 years with 2 years open pit and 5½ years underground
Underground Operation
Underground Mining will be for an initial Life of
Mine of 5½ years
Mining Method Underground is:
? Conventional jumbo development and long
hole open stoping
? Stoping will follow top down sequence
commencing at extensions of each level
? Rib pillars will remain between adjacent
stopes to maintain mine stability
? No backfilling of stopes planned
? This method reduces development metres
and provides quick access to ore, thus
reducing capital outlaying