Afritin Corporate Presentation October v9 TAVafritinmining.com/.../Afritin-Corporate-Presentation-October...TAV.pdf · The term "deal" is to be construed in accordance ... , negligence

AfriTin MiningLtd.October2017

Disclaimer

Copyright©Afritin MiningLtd.- Confidential 2

• TheinformationcontainedintheseslidesandthepresentationmadetoyouverballyhasbeenpreparedbyAfritinMiningLimited(the"Company")solelyforyourinformationinconnectionwiththeproposedplacing(the"Placing")ofsharesofnoparvalueinthecapitaloftheCompany(the" Shares")andtheproposedapplicationforadmissionoftheissuedandtobeissuedSharestotradingonAIM("AIM"),amarketoperatedbyLondonStockExchangeplc("LondonStockExchange").Theinformationintheseslidesandthepresentationmadetoyouverballyissubjecttoupdating,completion,revision,furtherverificationandamendmentwithoutnotice.

• TheseslidesandthepresentationhavenotbeenapprovedbytheUnitedKingdomListingAuthorityasaprospectusundertheProspectusRules(madeunderPartVIoftheFinancialServicesandMarketsAct2000("FSMA"))orbyLondonStockExchange,norisitintendedthatanydocumentsinconnectionwiththePlacingwillbesoapproved.Theseslidesandthepresentationdonotconstituteorformpartofanyprospectus,admissiondocument,invitation orofferforsaleorsolicitationoranyoffertobuyorsubscribeforanysecuritiesnorwilltheyoranypartofthemformthebasisof,orbereliedoninconnectionwith,oractasanyinducementtoenterinto,anycontractorcommitment.Noreliancemaybeplacedforanypurposeontheinformationoropinionscontainedintheseslidesorthepresentationorontheircompleteness,accuracyorfairness.RecipientsoftheseslideswhoareconsideringacquiringSharesareremindedthatanysuchpurchaseorsubscriptionmustbemadeonlyonthebasisofinformationcontainedinthetermsandconditionsofthepurchaseorsubscription,whichwillbecontainedinplacingletterstobecirculatedbyWHIrelandLimited("WHIreland")induecourseastheCompany'snominatedadviserandbrokerundertheLondonStockExchangesAIMRulesforNominatedAdvisersandAIMRulesforCompanies(togetherthe"AIMRules")andwhichmaybedifferentfromtheinformationcontainedintheseslidesandthispresentation.

• Someoralloftheinformationcontainedinintheseslidesandthepresentation(andanyotherinformationwhichmaybeprovided)maybeinsideinformationrelatingtothesecuritiesoftheCompanywithinthemeaningoftheCriminalJusticeAct1993(the"CJA")andtheMarketAbuseRegulation(EU/596/2014)("MAR").Recipientsofthisinformationshallnotdiscloseanyofthisinformationtoanotherpersonorusethisinformationoranyother informationtodeal,ortorecommendorinduceanotherpersontodealinthesecuritiesoftheCompany(ortoattempttodoso).Recipientsofthisinformationshall ensurethattheycomplyoranypersontowhomtheydiscloseanyofthisinformationcomplieswiththisparagraphandalsoMAR.Theterm"deal"istobeconstruedinaccordancewiththeCJAandMAR.RecipientsoftheseslidesandthepresentationshouldnotthereforedealinanywayintheSharesexceptanduntiltotheextentsuchmattershavebeenmadepublicthroughtheissueofapressannouncement,oranyotherdocumentannouncingsuchinformation(asappropriate).DealinginSharesinadvanceofthisdatemayresultinciviland/orcriminalliability.

• Noundertaking,representation,warrantyorotherassurance,expressorimplied,ismadeorgivenbyoronbehalfoftheCompany orWHIrelandLimitedoranyoftheirrespectivedirectors,officers,partners,employees,agentsoradvisers,oranyotherperson,astotheaccuracyorcompletenessoftheinformationoropinionscontainedintheseslidesorthepresentation.Inaddition,inissuingtheseslides,theCompanydoesnotundertakeanyobligationtoupdateortocorrectanyinaccuracieswhichmaybecomeapparentintheseslides.Accordingly,noresponsibilityorliabilityisacceptedbyanyofthemforanysuchinformationoropinionsorforanyerrors,omissions,misstatements,negligenceorotherwiseforanyothercommunication,writtenorotherwise,butexceptthatnothinginthisparagraphwillexcludeliabilityforanyundertaking,representation,warrantyorotherassurancemadefraudulently.

October2017

• WHIreland,whichisregulatedbytheFinancialConductAuthority,isadvisingtheCompanyandnooneelse(whetherornotarecipientoftheseslides)inconnectionwiththePlacingandwillnotberesponsibletoanyone,otherthantheCompany,forprovidingtheprotectionsaffordedtocustomersofWHIreland,norforprovidingadviceinrelationtothePlacing.WHIreland'sresponsibilitiesastheCompany'sNominatedAdviserandBrokerundertheAIMRuleswillbeowedsolelytoLondonStockExchangeandnottotheCompany,toanyofitsdirectorsoranyotherpersoninrespectofadecisiontosubscribefororacquireanyShares.WHIrelandhasnotauthorisedthecontentsoftheseslidesoranyofthemindividually.

• TheseslidesarefordistributioninorfromtheUKonlytopersonsauthorisedorexemptedwithinthemeaningofthoseexpressionsunderFSMAoranyordermadeunderitortothosepersonstowhomtheseslidesmaybelawfullydistributedpursuanttotheFinancialServicesandMarketsAct2000(FinancialPromotion)Order2005(the"FinancialPromotionOrder")asamended,includingInvestmentProfessionalsasdefinedinarticle19(5)andhighnetworthentitiesasdefinedinarticle49(2)oftheFinancialPromotionOrder.Personswhodonotfallwithinanyofthesedefinitionsshouldnotrelyontheseslidesnortakeany actionuponthem,butshouldreturnthemimmediatelytotheCompanyortoWHIreland.

• NeithertheseslidesnoranycopyofthemmaybetakenortransmittedintotheUnitedStatesofAmericaoritsterritoriesor possessions(the"UnitedStates"),ordistributed,directlyorindirectly,intheUnitedStates,ortoanyU.S.PersonasdefinedinRegulationSundertheSecurities Act1933asamended,includingU.S.residentcorporations,orotherentitiesorganisedunderthelawsoftheUnitedStatesoranystateoftheUnitedStates,ornon-U.S.branchesoragenciesofsuchcorporationsorentities.NeithertheseslidesnoranycopyofthemmaybetakenortransmittedintoordistributedinCanada,Australia,Japan,SouthAfricaortheRepublicofIreland,oranyotherjurisdictionwhichprohibitssuchtakingin,transmissionordistribution,exceptincompliancewithapplicablesecuritieslaws.AnyfailuretocomplywiththisrestrictionmayconstituteaviolationofUnitedStatesorothernationalsecuritieslaws.

• Theseslidesandthepresentationcontaincertainforwardlookingstatementsthatinvolverisksanduncertainties.Allstatementsotherthanstatementsofhistoricalfactscontainedinthisdocument,includingstatementsregardingtheCompany’sfuturefinancialposition,businessstrategyandplans, businessmodelandapproachandobjectivesofmanagementforfutureoperations,areforward-lookingstatements.Generally,theforward-lookingstatementsinthisdocumentusewordslike“anticipate”,“believe”,“could”,“estimate”,“expect”,“future”,“intend”,“may”,“opportunity”,“plan”,“potential”,“project”,“seek”,“will”andsimilarterms.TheCompany’sactualresultscoulddiffermateriallyfromthoseanticipatedintheforwardlookingstatementsasaresultofmanyfactors.TheforwardlookingstatementsintheseslidesandthepresentationarebasedonthebeliefsandassumptionsoftheCompany’sdirectorsandinformationonlyasofthedateofthisdocument,andtheforwardlookingeventsdiscussedinthisdocumentmightnotoccur.Therefore,investorsshouldnotplaceanyrelianceonanyforwardlookingstatements.TheDirectorsundertakenoobligationtopubliclyupdateanyforwardlookingstatements,whetherasaresultofnewinformation,futureearnings,orotherwise.

• Theseslidesareconfidentialandarebeingsuppliedtoyousolelyforyourinformationandmaynotbereproduced,redistributed orpassedtoanyotherpersonorpublishedinwholeorinpartforanypurpose.Byacceptingreceiptofthisdocument,youagreetobeboundbythelimitationsandrestrictionssetoutabove.

2017-10-20 Copyright©AfritinMiningLtd.- Confidential 3

Disclaimercont

Overview:Creatingthe‘TinChampion’ofAfrica

• AfriTin formedviademergerfromBushveldMinerals(AIM:BMN)totakeadvantageofthecurrentglobaltindeficitandrisingconsumerdemand

• Visiontocreateaportfolioofworld-class,conflict-free,tinproducingassetsandbecomethefirstpuretincompanylistedinLondon

• FlagshipassettheUis brownfieldtinmineinNamibia,formerlytheworld’slargesthard-rocktinmine

October2017 Copyright©Afritin MiningLtd.- Confidential 4

• BrownfieldportfolioinSouthAfrica

• Experiencedboardofdirectors

• Two-foldstrategyforAfriTin:

1)FasttrackUis brownfieldtinmineinNamibiatocommercialproductionin2018rampingupto5,000tpawithin5years;and,

2)ConsolidationopportunityforotherqualityAfricanproducingtinassets.

Source:ITRI

Oversupply– largeChineseexports

Rapiddemandgrowthandrisingproduction

costs

Stockdrawdown– lackofnewminesupply

Resourcedeplation inIndonesiaandPeru

Growingsubstitutepressure


ATeamtoDeliver

Glen ParsonsChairman

CEO of Mariana Resources from 2010 until its delisting from AIM in July 2017

20 years’ experience both as a mining executive and investment banking

Anthony ViljoenChief Executive

Mining entrepreneur Successfully founded and directed Bushveld Minerals plc, Lemur Resources, New Kush Exploration and Mining and Greenhills Resources

Laurence Robb(NED)

Professor of Economic Geology and Director of the Economic Geology Research Institute in the University of the Witwatersrand’s School of Geosciences Technical Director of Savannah Gold Ltd

October2017

Frans van DaalenCOO

Qualified mining engineer 18 years operational and technical experienceCo-founder and direct of VBKom

Roger Williams(NED)

Michiel OdendaalQualified electrical engineer 40 years of experienceChief engineer at various mining operations in Southern AfricaOwner and director of JLT Mining Services

Timothy MaraisQualified exploration geologist with 6 years experience. Worked on multiple commodities with projects across Africa Focus on project development, management and near term value realisation

Jan RabeQualified metallurgical engineer 14 years experienceHe fulfilled various technical management Founder and director of Trueground Consulting

Abraham (Sap) Joubert

Namibian citizen 30 years experience in project and operational management. Past 6 years serving as operations manager for a number of recycling, waste management and agricultural development projects

Chartered Accountant - 20 years’ international experience in mining finance Previously CFO of Randgold Resources Previously CFO of AECICurrently an NED of Sylvania Platinum, Alecto Minerals and Digby Wells and Associates


Tinmarket– a‘green’metal

Source:LMEWebsite,MacquarieResearchandITRI

• Up21.5%inthelast18months

• Current3monthpriceUS$20,700/t(Oct.17-LME)

• GlobalmarketvaluedatUS$7.5bnin2023

• M&AopportunitiesparticularlyinAfrica

• NootherdedicatedtinplatformonAIM

Tin Usage

October2017

• Marketdemand:1. Asiandemand2. RestrictionofHazardousSubstancesEUDirective,

2006

• Moderntechnologiesarehighlyreliantupontinsolder:1. Accountsforcirca50%tinusage2. Electricvehicleuse3. Lithium-ionbatteries4. Solarcells

Tinsupply• Globaltinsupplyisdecreasing

• ITRIpredictstindeficitwillonlyincrease

• Nonewtinmines

• Newsupplieshavenotbeenexplored

• Globalproductionfallingfasterthandemand

Copyright©Afritin MiningLtd.- Confidential7Source:ITRI

MediumTermDeficit

DecliningTinStocks

October2017

45%

30%

11% 5% 4% 5%

ChinaIndonesiaPeruBoliviaBrazilRestofworld

Worldmineproductionbycountry

56%

6% 5%

16%

17% Underground

Openpit

Dredge

Suctionboats

Gravelpump

Worldmineproductionbymethod

Increasingshifttocostlydeeperdredging

Existingundergroundminesgettingdepleted

BackgroundtoBMNGroup

Copyright©AfritinMiningLtd.- Confidential 8

Developingasignificantstand-alonepan-Africanportfolioofmineable

tinassets

Namibia– Uis TinProject*

Mokopane TinProject

EarlyproductiontargetinghighgradezonesoftheNamibian

Uis deposit

DevelopinganintegratedthermalcoalminingandIPPasset

inMadagascar

Imaloto Coal&PowerProject

BritsVanadiumProjectVametco

SeekingtosecureIPPlicenseforthermalcoalpowergeneration

Seekingtosecurestrategicpartnerfordevelopmentofintegratedmine

topowerplantplay

Developingasignificantintegratedvanadiumminingandprocessingplatform

Mokopane VanadiumProject

BritsVanadiumProjectVametco

Targetingbrownfieldprocessinginfrastructuretobuildaintegratedminingandprocessingplatform

VANAD IUM

VANAD IUM

*FlagshipProjectOctober2017

AfriTin’s existingassets


TinProvincesofAfrica

AfriTin assetsTin,Nb andTu

Bushveld

Damara(Uis)

October2017Source:JudithA.Kinnard PaulA>Mnek LorenzoMila:TininAfrica

Uis - world’slargestopencasthard-rocktindeposit

• Discoveredin1911,Uis wasthelargesthard-rocktinmine intheworld

• IscorstartedproductionatUis in1970sandendedin1990asaresultofdepressedtinprices

• Existingmininglicensesinplace

• Earlycashflowsusinginstalledinfrastructure.Revenuestreamsavailablefromtwodifferentminerals;tinandtantalite

• Scaleable miningpropositionofhighgrademineralisedzones

• Anon-JORCcompliantresourceof73mt @0.136%SnO2wascalculatedwithanadditional2.7mt @0,015%Ta2O5

• 70yearminelifeplandevelopedbySRKinthe1980’s


ThreeprojectareasinNamibiaallwithhistoricalproduction

October2017

Source:Company

Vastzoneofmineralisation


• PartoftheextensiveCapeCross– Uis tinpegmatitebelt

• Uis depositisthemostextensiveandconsistentlymineralised pegmatiteswarminthebelt

• CentralPegmatitefieldcontains~120pegmatites,dippingNW

• Pegmatitefieldisapproximately120kmlonginsomeareas,providingvastexplorationupsidepotential

• Primarymineraliscassiterite(SnO2),withsecondarytantalum(Ta)andniobium(Nb)andlithium(Li)

• Coursegrainedcassiteritecrystalsupto25mmlongallowforsimplegravityextractionusingproventechnology

Significantlyunderexploitedtinregion

Prospectsforexpandingthefootprinttocapturetinfromtheentiredistrict

October2017

Largein-situ(none-JORC)resourceremains


• >73moretoneswithanaveragegradeof0.136%Snacrossthehugemininglicence area

• Orebodiesareupto40mthickandover500malongstrike

• Existingpitsopenendedatdepthandalongstrike

• Scopeforneartermresumptionofminingoperations

• Surroundingpegmatitesmappedwithconfirmedcassiteritemineralization

• Detailedmappingprogramme hasidentifiedhighergradegreisenised areas

• Concurrentexplorationwilltargethighergradepegmatiteswithlowstrippingratiostomaintainminingstockpiles

Historicalminingfootprintonlyafractionoflicence area

October2017 Source:GoogleEarth


ML129*

Commodity Tonnes ofore Grade(%) Tonnes ofMineral

SnO21,379,906

0.074 1,085

Ta2O5 0.015 191

ML134*

Commodity Tonnes of ore Grade (%)

Tonnes of Mineral

SnO2 70,323,750 0.136 95 640

ML133*

Commodity Tonnes of ore Grade (%)

Tonnes of Mineral

SnO21,332,598

0.072 1.043

Ta2O5 0.015 188

ThreeprojectsinNamibiaallhavehistoricalproduction

ML129

ML134

ML133

>96,700tonnesoftinand>380tonnesoftantalumcontained

Hightonnagebulkmining– pilotplant

October2017 Source:SRKReportof1985*NonJorc ComplaintResources

Mining– conventionalopencast


• Conventionalopencastminingmethodswillbeemployed.• With10mhighminingbenches• Loading&haulingwillbecarriedoutwithafleetof

shovels/excavatorsanddumptrucks• Historicexcavationsdisplaycompetentpitslopeconditions

andnogroundwaterissues• Initialminingwillbefocussedonexposedorezones

withintheoldminingfootprintaswellasvirginpegmatiteoutcropstokeepwastestrippingtoaminimum(strippingratio<1.0)

• Miningmaterialwillbeliberatedusingdrillingandblasting

Highlights

October2017

Source:MSAreport2017

Source:CompanySource:Googleearth

Uis metallurgicaltestworkExcellentliberationandpotentialforvarioushighvalueproducts


• TheUis resourceisdifferentiatedbybeingextreamlycoarsegrained

• Openingituptohighefficiencyprocessingand

• Lowcomminutioncostswithasimpleprocessflow

• HLStestsshowSnrecoveries>74%atconcentrategradesof>67%Sn

• Otherpotentiallyviablemetalsincludetantalum,niobiumlithium,berylliumaswellasmuscovite

• World’slargesttinmine(Pitinga MineinBrazil)isofsimilarsizewithcomparablegrades

Highlights

SnConcentrateMuscoviteBeryl



6% 6% 6%

74% 82% 78%

4% 2% 3%

5% 2% 1% 10% 8% 10%

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

100%

95%- 6mm 95%-3.35mm

95%- 2mm

Floats2,90

Floats3,10

Floats3,30

Sinks3,30

Slimes

HLSresults– Tindeportment

5% 7% 13%

30% 47%

70%

2%

2%

3%

2%

0%

1%

63% 44%

13%

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

100%

95%- 6mm 95%-3.35mm

95%- 2mm

Floats2,90

Floats3,10

Floats3,30

Sinks3,30

Slimes

HLSresults– Tantalumdeportment

October2017

Source:Figeo LabsSource:Company

Uis tinproject– Namibiageology


• ExampleofcontinuousgreisenisedlayerinpegmatiteK7.

• Thisundulatinglayercontainssignificantcoarsecassiteriteandcanbetracedalongstrikefor>100msub-paralleltothepegmatitecontact.

• Consistentstyleofmineralisattionacrossallpegmatites

• Coarse(>5mm)crystalsofcassiteritewithinthehigh-gradegreisen(pegmatiteK7).

• Similargreisenisfoundinotherpegmatitesandcanbecontinuousover>20mormayoccurasisolatedhigh-gradepatches.

October2017

Source:MSAReport2017(allimages)

AIMIPO:Sourcesandusesofproceeds

Copyright©Afritin MiningLtd.- Confidential

Phase2Construction

Construction

Pilotplantcampaign10tpmConc(potentialupgradeto65tpm)

Construction

DetailedDesign&Tenders

SteadystateProduction

Listing&In

itialEqu

ityCap

italR

aising

• Constructionandsteadystateproduction.

• 3MtpaROM&5,000tpaof60%SnConcentrate

EstimatedUS$40mrevenuep.a.atsteadystateproduction(assumingtinpriceofUS$20,000p/t)

Introd

uctio

nofProjectFinan

cing

April2019 April2020

Projectrampupphase

• Upgradeexistingplanttopilotplant,to10-20tpmofSnconcentrate

• Completepilotplantcampaign• Confirmationofpastresources– [makeJORCcompliant]• AchievePre-feasibilityStudyandBankableFeasibilityStudy

Explorationdrilling

Resourcedefinition

Infillexploration

Businesscasedefinition

SeamlessPre-feasibility&BankableFeasibility

Phase1BaseCover

Circa£21mBetween£2.5and£6m

Pilotplantdesign

FullPhase1

Oct2017

October2017

AfriTin investmentproposition


Tin supply constraints Low cost

Early production Scalable

• Fourconsecutiveyearsofsupplydeficit(2010-2014)

• -56%oftinproductionfromundergroundsources.Limitedopencastoperation

• Strongdemandfromrobustconsumerelectronicsmarket

• Depletinghighgraderesources– e.g.,Perupointtosustainedsupplyconstraints

• Simplegravitybasedprocessingmethodsyieldspositiveeconomics%

• Lowcapexflowsheetdesignstobringprojectsintoproduction– usingmodularprocessingplants:

• Depositswithhistoricalproduction–geologicallyandmetallurgically de-risked

• UisTinprojectisalowgradebutsimpleopenpitminingproposition

• Healthyrecoveriesachievableoncoarsegrainedpegmatitesources

• ExistinginfrastructurereducesupfrontCAPEXinexistingminingdestinations

• Mininginnonconflictregions

• Scopeofgrowthbasedon:

• Namibia– consolidatingnumeroustintargetsintheregion

• SouthAfrica– scopetoincreaseresourcebasesubstantially

• Othertinjurisdictions

• Processingsolutionscalableandmovabletovariousdepositsites

October2017

Appendix

Copyright©AfritinMiningLtd.- Confidential 19October2017

Namibia


• Complimentarywhenitcomestominingandexplorationwithatransportinfrastructureworkinginaccordance

• Namibiaisastabledemocracywithanindependentstronglegalsystem

• Thecountrypromotesforeigninvestment

• Longestablishedminingact- MininglawinNamibiaismainlyregulatedbytheMineralsAct33of1992whichwasamendedin2008

• Miningisthebiggestcontributorto Namibia’seconomyintermsofrevenue.Consequentlyitisanimportantindustry

• FraserInstitutelistsNamibianumber53globallyintermsofinvestmentattractivenessandnumber38globallyintermsofpolicyperception*

• 4th mosttransparentcountryinAfrica

OneofthemostfavourableinvestmentdestinationsinAfrica

RoadbetweenUisandWalvisBay

WalvisBayPortcurrentlybeingexpanded

October2017 *CorruptionPerceptionsIndex2016 Source:Company

Uis tinprojectNamibia– provenmetallurgy


• HistoricalinformationfromIscorindicates±60%cassiteriteliberationata-5mmgrind,and±80-90%cassiteriteliberationata-1.5mmgrind

• CoarseliberationprovidescompetitiveadvantageinCAPEXcomparedtoothertinplants

• Tantaliteseparatedfromcassiteriteusingmagneticseparation

• Overallrecoveryfortinandtantaliteconcentratesis±65-70%Finalconcentrategradebetween63-66%Sn

Previousmetallurgicaltestwork

October2017

Source:Company

Uis pilotplant– toachieveearlyproduction


• Installedgravitybasedplantonsite

• Currentlytestingmetallurgicalpropertiesofthehighgradepegmatitebodiesforoperationalrampup

• Plantwillbesuppliedbyhighgradepreconcentratedorecapableofproducingasaleableconcentrate

• Skilledworkforceintheminingarea

• Highgradeorepurchaseprogramme fromsurroundingartisanalworkersestablished

• Conflictfreemineralproduction

• Potentialforearly,scaleable revenuestreamstobethefirstindustrialscaletinproducerinAfrica

Existinginfrastructureallowsforearlypilotscaleproduction

Shakingtable Jig Screenandstonecrusher Jawcrusher

October2017

Mokopane Tinproject

• Explorationlicense2205PRoversixfarmscovering13,422ha(renewalpending)

• Explorationlicense2371PRoverthreeadditionalneighbouring farmspending

• Fourtargetsidentifiedonfarms,explorationconductedontwotargetstodate,with18,447tonscontainedSnresourceestablished

• ScopingstudycompletedOctober2014

• BasecaseRoM of691ktpatoproduce~700tpaof99.5%Snpuritymetal,yieldspositiveeconomicswithasignificantIRRof34.6%

• Lowquartileoperatingcosts:US$14,276/tonneoftinmetalproduced(spotprice-$21,300/tonneasof24September2014)

• Potentialadditional5,000tonnes containedSnresourceintheUndergroundLeasetargetarea

• Greenhills interest=74%,26%heldbylocalBlackEconomicEmpowermentpartners

AfriTin’s additionalassets:SouthAfrica


MokopaneTinproject

October2017

Source:Company

IPOGroupstructure


85%

Dawnmin Africa Investments (Pty) Ltd

GuineaFowlinvestmentstwenty

seven(Pty)LtdPamish Investments

No.71

ZaaiplatsMining Ltd

74%

26%

100%100%

15%

Mokopane Tin Company (Pty) Ltd

Renetype(Pty)Ltd

Jaxson 641(Pty)Ltd

ML129 ML133 ML134 ML183EL2205 EL2371 EL428EL

10922

50%26%

Local/BEEPartners

Licences

74% 50%

SmallMinersofUisAwewest (Pty)Ltd

Cannosia (Pty)Ltd Lerama Resources(Pty)Ltd

Tamiforce(Pty)Ltd

Greenhills Resources

Afritin Mining Limited

October2017

Corporateinformation

Registeredoffice18- 20LePolletStPetersPortGuernsey

Principaloperatingaddress2nd Floor,Building3IllovoEdgeOfficeParkCnr Harries&Fricker RoadIllovoJohannesburg,2116SouthAfrica

Tel:+27112686555


Broker&NominatedAdvisorWHIreland24MartinLn

LondonEC4R0DR

UnitedKingdom

LegalCounselSouthAfricaEdwardNathanSonnenbergs

150WestStreetSandownSandtonJohannesburg2196

SouthAfrica

IndependentAuditorRSMUKAuditLLP

25FarringdonStreetLondonEC4A4AB

UnitedKingdom

LegalCounsel- UK4MoreLondonRiverside

LondonSE12AU

UnitedKingdom

JointBrokerBeaufortSecuritiesLtd

63StMaryAxeLondon

EC3A8AAUnitedKingdon

October2017

Thankyou

Documents

Afritin Corporate Presentation October v9 TAVafritinmining.com/.../Afritin-Corporate-Presentation-October...TAV.pdf · The term "deal" is to be construed in accordance ... , negligence