SUM Annual General Meeting – 30 May 2013

ASX Code: SUM

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Disclaimer

• This document is prepared as a presenter’s aid and support. It is not a

stand alone document. Best efforts have been taken to ensure the

accuracy of information contained at the time of presentation. In some

instances forward targets and/or assumptions have been included. All such

instances are indicative only and subject to alteration and/or cancellation

as and when the management of Sumatra Copper & Gold plc (ABN 14 136

694 267) sees fit. All information contained herein is general in nature.

• Potential investors are cautioned against using the content of this

presentation in isolation for making investment decisions.

• Research and the counsel of a qualified financial adviser or accountant are

strongly recommended to anyone considering investing in listed company

securities, including Sumatra Copper & Gold plc.

• The information in this report that relates to Exploration Results is based on

information compiled by Matthew Farmer, geologist, who is a Member of

the Australasian Institute of Mining and Metallurgy. Mr. Farmer is an

employee of the Company who has sufficient experience which is relevant

to the styles of mineralisation and types of deposit under consideration and

to the activity which he is undertaking 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. Farmer

has consented to the inclusion in this document of the matters based on his

information in the form and context in which they appear.

• The information in this report that relates to Tembang Mineral Resources is based on information

compiled by Mr David Stock MAusIMM who is an independent Geological Consultant to the Company

and is a Competent Person as defined by the Australasian Code for the reporting of Exploration

Results, Mineral Resources and Ore Reserves (the JORC Code 2004 Edition) and has consented to

the inclusion in this report of the matters based on his information in the form and context in which they

appear. In addition, the Mineral Resource Estimates were reviewed by Mr. Robert Spiers who is a

member of AIG and a full time employee of Hellman & Schofield Pty Ltd. Mr. Spiers 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 2004 Edition

of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’.

Mr. Spiers has consented to the inclusion in this report of the matters based on their information in the

form and context in which it appears.

• The information in this report that relates to Tembang Ore Reserves is based on information compiled

by Mr Shane McLeay of Entech Pty Ltd, who is a Member of the Australasian Institute of Mining and

Metallurgy. Mr McLeay 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 2004 Edition of the 'Australasian Code for Reporting of

Exploration Results, Mineral Resources and Ore Reserves'. Mr McLeay consents to the inclusion in

this report of the matters based on his information in the form and context in which it appears.

Gold Equivalent reporting

• Gold Equivalent = gold assay + (silver assay / 50) where the number 50 represents the ratio where 50

g/t Ag = 1 g/t Au. This ratio was calculated from the average of the 12 months of Financial Year 2011

from July 2010 to June 2011 taken from published World Bank Commodity Price Data and rounded up

from 47 to 50. The metal prices thus used in the calculation are the average gold price of US$1,500

per ounce and average silver price of US$30 per ounce. Metal recoveries assumptions are 90% for

gold and 80% recovery for silver for Belinau.

Disclaimers, Competent Person’s Statement and gold equivalent reporting

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Sumatra Copper & Gold - (ASX:SUM) A compelling investment opportunity –

• Corporate Review

• Milestones – Past and Future

• Tembang Project

• Stage Approach

• Community Relations

• Plant – Stage 1 & 2

• Exploration Upside

Agenda

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Major Shareholders

Provident Minerals Pte Ltd Major private investment house with substantial interests in many leading Indonesian businesses in partnership with

Saratoga Capital, including Tower Bersama Infrastructure. Cornerstone investor in several ASX-listed Indonesian

resource companies including Sumatra Copper & Gold, Finders Resources and Sihayo Gold.

Mr Garibaldi Thohir Indonesian billionaire, founder, President and Director of leading Indonesian coal company Pt Adaro Energy Tbk.

PT Saratoga Investama Sedaya A leading private equity firm founded by Indonesian Businessman Edwin Soeryadjaya and Sandiago Uno, focusing on

growth capital and special situation investments.

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Corporate Snapshot – Immersed in Indonesia: an emerging low-cost gold producer with powerful partners

Corporate

ASX Code SUM (Listed Nov 2009)

Shares/CDI’s issued 296.6M

52 week high/low A$0.245 - A$0.06

Share Price (1 month) A$0.16 - A$0.21

Market Cap $47M - $62M

Debt $0M

Ave daily volume (52 week) ~404,000

Cash on Hand (March 2013) $7.4M

Enterprise Value $51.6M

Corporate

Top 10 Shareholders – 70%

PEOPLE, MAJOR STRATEGIC SHAREHOLDERS F

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The Tembang Timetable On track for production in 2014

Amdal Permitting

20-year Mining

Licence granted

Tembang Stage 1 PFS

0.5Moz AuEq Reserve

Expansion of

production

management team

ACHIEVED

100% ownership

of 7 exploration

permits (IUPs)

across 3,200km²

ACHIEVED

Indonesian cornerstone

investment partner

Tembang Stage 1 DFS

Tembang Stage 2 PFS

In-principle Forestry

Licence granted

Order Mill

ACHIEVED

Full permitting

Equity Raise

Project Finance

Term Sheet Signed

Hedging Completed

Draw Down

Optimise Mine Plan

Decision to Mine

TARGETED

Construction Completed

First Gold

Commercial Production

Stage 2 Upgrade,

Decision

TARGETED

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The Flagship: Tembang Copper-Gold Project

• Located in South Sumatra, Indonesia

• 100 per cent owned under 2009 Indonesian Mining Laws

• Previously mined, producing 140koz in 1997-2000 (closed

when gold was <A$270/oz)

• Proven and Probable Reserves = 0.4Moz gold + 5.5Moz

silver

• JORC resources of ~1Moz of gold + 12.8Moz of silver

• 8-year mine life with LOM production of 395,000oz gold +

4.8Moz silver, revenue of US$738M, net cash flow of

US$222M

• Total pre-production CAPEX = US$40M, balance of

US$65M total CAPEX to be funded out of cash flow

• First production 2014 in low-cost, staged approach:

• Stage 1 production = 30koz pa gold + 200koz pa silver

@ US$487/oz cash cost in 2014

• Stage 2 production = 50koz pa gold + 500koz pa silver

by 2015, @ US$431/oz cash cost in 2014

A robust, low-cost project on track for production in 2014

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Tembang Project – Overview Growing production profile over 8-year mine life

Note a) C1 Costs are as defined by Brook Hunt and are cash costs before tax and royalties and after silver credits using a silver price of US$30 per ounce and a recovery of 80%.

Note b) Refer to appendices for full Statement of Reserves and Resources

Note c) Economics based in US$1,500 gold price and US$30 silver price

Note d) Gold equivalent based on above metal prices and 80% silver recovery

• LOM C1 cash costs US$431/oz

• Low-cost, 2-stage approach to development

• Stage 1 (30kozpa Au + 200kozpa Ag)

• Stage 2 (50kozpa Au + 500kozpa Ag)

• LOM C3 total costs for Stage 1 & 2

- US$766/oz Au Equivalent

• Significant exploration upside

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Reasons for a Staged Approach

• Community relations:

• Stage 1 provides opportunity to train up local employees

and operators before expanding

• Maximises employment of local people

• Enables SUM to establish its credentials and licence to

operate on a smaller scale before expanding

• Water and environmental management:

• Stage 1 enables pit de-watering at Belinau to be

managed in an sustainable manner before the

environmental footprint of the operation is expanded

• Exploration potential:

• Cash flow from Stage 1 to fund development of two

exploration declines at Berenai to follow up previous high-

grade intersections at depth and develop additional

production sources

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Three key reasons underpinning Sumatra’s development approach

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Corporate Social Responsibility Immersed in Indonesia: a “bottom-up” approach to corporate and social development

Unique strategy tailored to each project

• Tailored to project development stages

and community baseline surveys

Flexible

• Focused on basic needs, i.e. health,

education, local economy and

maintenance supports

Over-arching strategy

• Increased local content

• Reduce personal privileges

• Reduce dependency, increase

sustainability

• Ensure effective coordination with

Government programs

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Tembang Project – Mine Layout Stage 1 and Stage 2

Buluh Alternative Open Pit Stage 1

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Planned Pit STAGE 1

Belinau Underground Stage 1 – Long Section 3D view

Decline Stockpile

Ore Drive

Crosscut

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Note 1: Gold Equivalent is based on Gold Price of US$1,500 /Oz and Silver price of US$30 per

Oz and silver recovery of 80%

Tembang Mine Process Plant

Stage 1 Process Plant

Stage 1 - Process Plant Parameters (400,000 tpa plant)

Single stage crushing, SAG & Ball grinding,

gravity separation, Carbon in Leach,

AARL carbon stripping

tails thickening,

cyanide detoxification.

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Tembang Mine Process Plant

Stage 2 Process Plant Parameters

6.05Mt @ 2.30g/t Au, 88% recovery - 395,000ozAu

30.18g/t Ag, 82% recovery - 4.8MozAg, 491,000oz AuEq.(1) ,

8 year mine life.

Single stage crushing, SAG & Ball grinding,

gravity separation, Carbon in Leach,

AARL carbon stripping

tails thickening,

cyanide detoxification.

Stage 2 Process Plant Upgrade

To increase throughput from

400ktpa to 900ktpa - install a Ball

mill, additional leach tanks, gravity

concentrator, detox tank,

electrowinning cells, and upgrade

some process pumps. Cost $10M

Note 1: Gold Equivalent is based on Gold Price of US$1,500 /Oz and Silver price of US$30 per

Oz and silver recovery of 80%

Stage 2 Process Plant

Detox reactor

tank

LNG Storage

Ball Mill

Additional leach tanks

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North Buluh

North Plant Site

Upper Pusan Kenapa

South Belinau

North Belinau

Racambai

Bono’s Hill North Tiku A

Anita

BERENAI DEEP 15.15m @ 4.94 g/t Au, 5 g/t Ag

ASMAR DEEP 4.15m @ 15.20 g/t Au, 24 g/t Ag

ASMAR

NURI BULUH

AIDIT

BUJANG BELINAU

BERENAI

BELINAU DEEP 1.95m @ 81.92 g/t Au, 208 g/t Ag

Andesite upper

Andesite lowerAndesite porphyry dyke

Polymictic volcanic breccia

Advanced exploration target

Resource target

Quartz vein zone

Tembang Exploration Near-mine targets offering excellent growth potential

A

A

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Tembang Exploration Ore Model 3D Perspective and Drillhole Traces

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North Buluh

North Plant Site

Upper Pusan Kenapa

South Belinau

North Belinau

Racambai

Bono’s Hill North Tiku A

Anita

ASMAR

NURI

BULUH

AIDIT

BUJANG

BELINAU

BERENAI

Andesite upper

Andesite lowerAndesite porphyry dyke

Polymictic volcanic breccia

Advanced exploration target

Resource target

Quartz vein zone

Tembang Exploration Near-mine targets offering excellent growth potential

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Tembang Exploration Ore Model 3D Perspective and Drillhole Traces

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0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

0

50

100

150

200

250

300

350

400

450

500

Cumulative Gold Resources

48 102 166

25% 50% 75%

39 73 119 40 54 104

EV/Resource

EV/O

Z R

eso

urc

e

Comparative Metrics – ASX Gold Producers Data for determining Comparative Data Values has been obtained from the Goldnerds Database

APR 2012

228.7/55

JAN 2013

161/30

APR 2013

155/30

APR 2012

228.7/55

JAN 2013

161/30

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0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

0

250

500

750

1,000

1,250

1,500

1,750

Cumulative Gold Reserves

192 316 466 158 260 320

Comparative Metrics – ASX Gold Producers Data for determining Comparative Data Values has been obtained from the Goldnerds Database

JAN 2013

50/27

APR 2013

42.89/27

JAN 2013

50/27

EV/Reserve APR 2012

83.75/55

APR 2012

83.75/55

EV/O

Z R

ese

rve

161 220 296

25% 50% 75%

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2

4

6

8

10

12

14

16

0 1000 2000 3000 4000 5000

Min

e L

ife

Yea

rs

Cumualtive production (1000's Oz per annum)

Mine Life

0

400

800

1200

1600

2000

0 1000 2000 3000 4000 5000

Cas

h C

ost

aft

er C

red

its

($/O

z)

Cumulative Gold Production (1000's Oz p.a.)

Cash Costs

50%

870

763

75%

1,054

25%

Comparative Metrics – ASX Gold Producers Data for determining Comparative Data Values has been obtained from the Goldnerds Database

EV/Oz Reserve 91

Metrics for Sumatra (see note 1)

EV/Oz Resource 38

Notes to Comparative Metrics:

•The data used in these tables has been

taken from the Goldnerds database April 2013

which is published monthly by

www.goldnerds.com.au.

•The Goldnerds has been filtered to only

include producers; although Newcrest,

AngloGold Ashanti and GoldOne have been

excluded from the database as these are not

realistic comparisons.

•For EV/Reserve, Kingsrose has been

excluded from the database as it does not

have published Reserves.

•Unity Gold has been excluded from all

graphs as it has a negative EV valuation.

•Mine Life has been calculated by dividing

current stated Reserves by current annual

production.

Cash Costs 462

Mine Life 8+

7.5

4.0

11.0

25%

50%

75%

0

300

600

900

1200

1500

1800

0% 25% 50% 75% 100%

EV/Oz Reserve

0

100

200

300

400

0% 25% 50% 75% 100%

EV/Oz Resource

25% 50%

75%

40

54

104

Cumulative Resources (Gold Oz millions)

EV

/Oz

Res

ou

rce 25%

50% 75%

161

220

296

EV

/Oz

Res

erve

Cumulative Reserves (Gold Oz millions)

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Summary: Sumatra Copper and Gold – The Next 3 Years On track for production in 2014

2013 2014 2015 Blue Sky

Major Milestones

• Equity Raise (A$20 million)

• Optimise Mine Plan

• Project Debt

• Hedging for Debt

• Complete Financing

• Project on Schedule

Project Targets

• On Schedule

• Under Budget

• Commercial Ramp Up

• Steady State Operation

• Integrate Optimisation

Initiatives for Stage 2

Strategic Focus

• Stage 2 Plant Upgrade

• Determine High Grade

Exploration Upside at Depth

• Maximize Tembang Value

Opportunities

• Indonesian Gold

• Strong Cash Flow

• Shareholder Base

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