Citigroup Mining Exploration Day Presentation BHP Billiton Plc Registration number 3196209 Registered in England and Wales Share code: BIL ISIN: GB0000566504 Issued by: BHP Billiton Plc Date: 27 June 2016 To: London Stock Exchange JSE Limited For Release: Immediately Contact: Helen Ratsey +44 (0) 20 7802 7540 BHP Billiton Plc – Citigroup Mining Exploration Day Presentation UK Listing Authority Submissions The following document has today been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do: - Citigroup Mining Exploration Day Presentation The document may also be accessed via BHP Billiton’s website - www.bhpbilliton.com BHP Billiton Plc Registration number 3196209 Registered in England and Wales Registered Office: Neathouse Place London SW1V 1LH United Kingdom A member of the BHP Billiton Group which is headquartered in Australia Sponsor: UBS South Africa (Pty) Limited NEWS RELEASE Release Time IMMEDIATE Date 27 June 2016 Release Number 15/16 BHP BILLITON DETAILS VALUE-FOCUSED APPROACH TO EXPLORATION BHP Billiton today outlined its value-focused approach to exploration which will see the Company target opportunities across copper and oil to enhance its long-life, tier 1 portfolio. Speaking at Citigroup’s Mining Exploration Day in Sydney, BHP Billiton Head of Geoscience, Laura Tyler, said the Company is focusing its exploration approach through targeted analysis and the establishment of a Geoscience Centre of Excellence. Ms Tyler said exploration is seen as a key source of value creation for BHP Billiton. “We are investing at a time when most in our sector continue to reduce discretionary spend,” she said. “Next financial year, we intend to invest approximately US$900 million dollars in exploration, which represents 18 per cent of our overall capital budget. “We are also challenging existing paradigms with a scientific based and disciplined approach to exploration. We have reduced exploration operating costs by 70 per cent since 2013, and this year we have increased the targets tested by 44 per cent.” BHP Billiton’s Petroleum exploration program is focused on three conventional deepwater basins in: - the Gulf of Mexico, - the Caribbean (in Trinidad & Tobago and Barbados), and - the Northern Beagle sub-basin off the coast of Western Australia. “Over the last four years we have developed a new approach to Petroleum exploration that is much more focused,” Ms Tyler said. “We have commenced drilling in Trinidad and Tobago and have secured an additional rig which will soon commence drilling in a prospective block north of our Shenzi operations in the Gulf of Mexico.” BHP Billiton’s Copper exploration program is targeting tier 1 greenfield mineral deposits, with a particular focus on: - copper porphyry and skarn deposits in Chile, Peru and the south west of the United States, - sedimentary hosted copper deposits in the north of Canada, and - Iron Oxide Copper Gold deposits in South Australia’s Stuart Shelf, adjacent to Olympic Dam. “We execute our Copper exploration both directly and through investment in joint venture opportunities and we continue to seek partnerships with junior explorers,” Ms Tyler said. The Company’s regionally based exploration teams are supported by a globally integrated geoscience team to facilitate a faster adoption of best practice and new technology. “Internal collaboration is very important and we are leveraging our Petroleum business geoscience to identify prospective sediment hosted copper deposit basins,” Ms Tyler said. “Similarly, we are adopting technology from Petroleum and applying directional drilling techniques to copper exploration.” Further information on BHP Billiton can be found at: bhpbilliton.com Media Relations Investor Relations Australia and Asia Australia and Asia Eleanor Colonico Tara Dines Tel: +61 3 9609 2360 Mobile +61 407 064 748 Tel: +61 3 9609 2222 Mobile: +61 499 249 005 Email: Eleanor.Colonico@bhpbilliton.com Email: Tara.Dines@bhpbilliton.com Paul Hitchins Andrew Gunn Tel: +61 3 9609 2592 Mobile +61 419 315 001 Tel: +61 3 9609 3575 Mobile: +61 402 087 354 Email: Paul.Hitchins@bhpbilliton.com Email: Andrew.Gunn@bhpbilliton.com Amanda Saunders United Kingdom and South Africa Tel: +61 3 9609 3935 Mobile +61 417 487 973 Email: Amanda.Saunders@bhpbilliton.com Rob Clifford Tel: +44 20 7802 4131 Mobile: +44 7788 308 844 Fiona Hadley Email: Rob.Clifford@bhpbilliton.com Tel: +61 3 9609 2211 Mobile +61 427 777 908 Email: Fiona.Hadley@bhpbilliton.com Americas United Kingdom and South Africa James Wear Tel: +1 212 310 1421 Mobile: +1 347 882 3011 Ruban Yogarajah Email: James.Wear@bhpbilliton.com Tel: +44 207 802 4033 Mobile +44 7827 082 022 Email: Ruban.Yogarajah@bhpbilliton.com Joseph Suarez Tel: +1 212 310 1422 Mobile: +1 646 400 3803 Jennifer White Email: Joseph.Suarez@bhpbilliton.com Tel : +44 207 802 7462 Mobile +44 7827 253 764 Email: Jennifer.White@bhpbilliton.com North America Jaryl Strong Tel: +1 713 499 5548 Mobile: +1 281 222 6627 Email: Jaryl.Strong@bhpbilliton.com BHP Billiton Limited ABN 49 004 028 077 BHP Billiton Plc Registration number 3196209 Registered in Australia Registered in England and Wales Registered Office: Level 18, 171 Collins Street Registered Office: Neathouse Place Melbourne Victoria 3000 Australia London SW1V 1LH United Kingdom Tel +61 1300 55 4757 Fax +61 3 9609 3015 Tel +44 20 7802 4000 Fax +44 20 7802 4111 Members of the BHP Billiton Group which is headquartered in Australia Follow us on social media Date: 27/06/2016 07:05:00 Produced by the JSE SENS Department. 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