Anglo-African Minerals plc · FORWARD AFRICA RESOURCES S.A. (FAR) Ã AAM owns the rights to two highly prospective exploitation licences (223) in the Dubreka and Kindia Prefectures

Anglo-AfricanMinerals plcCompany Presentat ion

RESOURCE

OPTIMISM

EXPERIENCE

MOVING FORWARD

Anglo-African Minerals plcThis document is a presentat ion only and is not a prospectus wi th in the meaning of the Prospectus Rules publ ished by the Financial Conduct Author i ty in the Uni ted Kingdom or the Prospectus (Direct ive 2003/71/EC) Regulat ions 2005 (as amended) of I re land and has not been approved by any competent author i ty in the Uni ted Kingdom or I re land. This document is in no way to be construed as a publ ic of fer or an invi tat ion to subscr ibe for any shares. This document does not const i tute an of fer to the publ ic as referred to in sect ion 85 of the Financial Services and Markets Act, 2000 (as amended). This document is not an of fer ing document for the purposes of sect ion 49 of the Investment Funds, Companies and Miscel laneous Provis ions Act, 2005 of I re land. This document ’s sole purpose is to assist the recipient in deciding whether he wishes to invest in Anglo-Afr ican Minerals plc (AAM or the Company).

Whi lst the Company, i ts of f icers and agents have taken reasonable care in the preparat ion of th is document, the informat ion contained herein is not exhaust ive and i ts accuracy is not guaranteed. The Company makes no representat ion or warranty, express or impl ied, as to the accuracy or completeness of the informat ion contained in th is document. This document does not purport to contain al l the informat ion that may be required to evaluate an investment and any recipient hereof should conduct i ts own independent analysis of the Company and the data contained or referred herein. Accordingly, no statement, whether contained in th is document or made in the course of negot iat ions, should const i tute an of fer of any k ind.

An investment in the Company is speculat ive in nature and involves r isk and may not be sui table for a l l recipients of th is document. Investors must be prepared to bear the economic r isk of th is investment for an indef in i te per iod and be able to wi thstand a total loss of the investment. Potent ia l investors are advised to immediately consul t their investment advisor, accountant or sol ic i tor before making any decis ions.

Neither the Company nor any of i ts directors, of f icers, employees or advisors nor any other person shal l have any l iabi l i ty whatsoever for any errors or omissions or any loss howsoever ar is ing, direct ly or indirect ly, f rom any use of the informat ion set out herein or the contents of th is document or otherwise ar is ing in connect ion therewith.

This document includes certain statements, est imates and project ions wi th respect to the ant ic ipated future performance of the Company and as to the market for the Company’s products. Such statements, est imates and project ions ref lect var ious assumptions made by the management of the Company concerning ant ic ipated resul ts, which assumptions may or may not prove to be correct. No representat ion is made as to the accuracy of such statements, est imates and project ions.

This document should not be distr ibuted, publ ished, reproduced or otherwise made avai lable in whole or in part or disclosed by recipients to any other person and, in part icular, should not be distr ibuted to persons with addresses in Canada, Austral ia, the Republ ic of South Afr ica, Japan or the Uni ted States or in any other country outside the United Kingdom or the Republ ic of I re land where such distr ibut ion may lead to a breach of any law or regulatory requirements.

www.aamplc.com | [email protected] | +44 (0)20 3655 7890

GLOBAL BAUXITE DEMANDBauxite is the raw material of alumina which is used to produce aluminium. Due to aluminium’s beneficial characteristics for many modern products in a variety of manufacturing sectors. Long-term overall aluminium demand growth 2015-2025 is forecast to be 4% to 5% (CAGR) with an increasing proportion of secondary (recycled) aluminium.

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GLOBAL ALUMINIUM DEMANDPrimary aluminium demand growth is forecast to be 3% to 4% (CAGR). A quarter of the world’s proven bauxite resources are in the Republic of Guinea which makes this a key country to satisfy the increasing demand for aluminium.

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ANGLO-AFRICAN MINERALS PLC

Ã Via its subsidiaries in Guinea, AAM owns the rights to 2 exploration l icences and 2 exploitation l icences with a potential resource in excess of 2 bil l ion tonnes.

Ã AAM is focused on progressing its FAR project into production by Q4 2018.

Ã The company is able to offer a balanced-portfolio approach focusing on generating shareholder value and cash flow.

Ã The Directors and consultants of AAM have a great deal of experience in working in the resource sector in Africa.

Anglo-African Minerals plc (AAM) is an Irish Company focused on the exploration and development of its bauxite assets located in the Republic of Guinea, West Africa. AAM’s knowledge of the mining industry combined with experience in-country and in the global marketplace puts the company in the perfect position to

bring these assets through the development curve in the near-term and into production with the vision of

becoming a leading global bauxite supplier capitalising on the significant aluminium market opportunity.

AAM has a solid portfolio of assets in Guinea including its flagship near-term Forward African Resources (“FAR”) project targeting 73Mt of export quality bauxite resources; Somalu with an inferred resource of 459Mt of bauxite; and Toubal with an inferred resource of 722Mt of bauxite.

Chief Geologist Mamadou Bah testing samples on Samaya Plateau

Anglo-African Minerals plc


ConakryForecariah

Kindia Mamou

DabolaDalaba

Pita

Labe Tougue

Kamsar

Boké

Sangarédi

Beyla

KabaDebele

Fria

Faranah

Kissidougou

Gueckedou

Kankan

Kouroussa

AAM ProjectsExisting RailProposed Rail - Kindia to MamouProposed Rail - Mamou to TougueExisting RoadsSea Port

Toubal

Somalu

FAR

LICENCES


FORWARD AFRICA RESOURCES S.A. (FAR)

Ã AAM owns the r ights to two highly prospect ive exploi tat ion l icences (223) in the Dubreka and Kindia Prefectures wi th a total area of 170km2.

Ã The FAR l icences are located 25km from the exist ing rai l spur connect ing the Kindia mine with the Port of Conakry.

Ã Complet ion of Measured Mineral Resource Statement in l ine wi th JORC Code (2012) completed in November 2015 by SRK Consul t ing.

Ã Product ion target of 3 mi l l ion tonnes per annum (“mtpa”) increasing to 5 mtpa.

Ã Ful l Environmental Not ice awarded November 2016.

Ã Exploi tat ion Licence awarded Apr i l 2017.

Ã Signed Heads of Terms with GETMA to secure landing faci l i t ies at the rai l spur at Debele.

Ã FAR entered into a jo int venture arrangement wi th a Chinese consort ium September 2016.

ForwardAfricaResourcesa n A n g l o - A f r i c a n M i n e r a l s p l c c o m p a n y


AAM VALUATION: FAR PROJECT

ForwardAfricaResourcesa n A n g l o - A f r i c a n M i n e r a l s p l c c o m p a n y

B a u x i t e P r i c e

D i s c o u n t R a t e 8 %

D i s c o u n t R a t e 1 0 %


$ 1 9 m

$ 1 4 m

$ 11 m

$ 4 9 m

$ 3 9 m

$ 3 1 m

$ 7 9 m

$ 6 4 m

$ 5 2 m

$ 3 2 / t $ 3 5 / t $ 3 8 / t

1. Life of mine 24 years producing 5.0 mtpa of bauxite for export commencing 2018

2. CAPEX requirement $125m - funded through joint venture arrangement

3. External debt funding at 85% of CAPEX requirement with interest rate of 5% repayable over 20 years

4. Median FOB pricing at $35/tonne and production cost at $25/tonne so net margin pre-tax at $10/tonne

M a i n A s s u m p t i o n s


INFRASTRUCTURE

Option One involves:

Ã Extension of the existing Conakry / Debele railway to Mamou - 135km.

Ã Rehabilitation of the historic railway.

Ã Creation of rail spur from Mamou to Tougue - 80km.

Ã Utilisation of the new port extension at Conakry.

Option Two involves:

Ã Extension of the existing Conakry / Debele railway to Mamou - 135km.

Ã Creation of rail spur from Mamou to Tougue - 80km.

Ã Creation of a new railway from Debele to Morebaya - 115km.

Ã Utilisation of the existing dry port faciity at Morebaya which can be used and independently operated by AAM.

I n f r a s t r u c t u r e O p t i o n s


Ã Somalu owns the r ights to a highly prospect ive explorat ion l icence (216)

which consists of 2 blocks wi th a total area of 702km2 in the Prefecture of

Mamou.

Ã The l icence has a potent ia l resource of up to 1 bi l l ion tonnes of h igh-grade

bauxi te.

Ã The l icence has been ful ly explored between 2006 and 2011 with over

14,635m2 of dr i l l ing being completed.

Ã An Environmental and Social Impact Not ice (N.I .E.S) was awarded in

January 2016.

Ã A further dr i l l ing campaign consist ing of over 5000m completed

in June 2017 which wi l l increase the level of conf idence in the

resource to measured.

Ã SRK Consul t ing to produce a Measured Resource

Statement by August 2017.

SOCIÉTÉ MINIÈRE D’ALUMINE S.A (SOMALU)

SOMALUa n A n g l o - A f r i c a n M i n e r a l s p l c c o m p a n y


AAM VALUATION: SOMALU

SOMALUa n A n g l o - A f r i c a n M i n e r a l s p l c c o m p a n y





$ 2 7 2 m

$ 1 9 5 m

$ 1 4 3 m

$ 4 3 7 m

$ 3 2 7 m

$ 2 5 2 m

$ 6 0 3 m

$ 4 5 9 m

$ 3 6 0 m

$ 3 8 / t $ 4 0 / t $ 4 2 / t


2. CAPEX requirement $350m



5. Actual l i fe of mine is expected to be considerably longer than 40 years



Ã Toubal owns the r ights to a highly prospect ive explorat ion l icence (163) wi th a total area of

750km2 located in the Tougue Prefecture in northern Guinea.

Ã Over 25,000m of dr i l l ing carr ied out wi th a fur ther conf i rmatory dr i l l ing of 10,000m completed

by GEOPROSPECTS.

Ã An Environmental and Social Impact Not ice (N.I .E.S) was awarded in January 2016.

Ã A further dr i l l ing campaign consist ing of over 5000m completed in March 2017 which wi l l

increase the level of conf idence in the resource to measured.

Ã SRK Consul t ing to produce a Measured Resource Statement

by July 2017.

TOUGUE BAUXITE AND ALUMINACORPORATION S.A (TOUBAL)

TOUBALa n A n g l o - A f r i c a n M i n e r a l s p l c c o m p a n y


AAM VALUATION: TOUBAL

TOUBALa n A n g l o - A f r i c a n M i n e r a l s p l c c o m p a n y





$ 3 0 9 m

$ 2 2 8 m

$ 1 7 3 m

$ 4 7 4 m

$ 3 6 0 m

$ 2 8 1 m

$ 6 4 0 m

$ 4 9 2 m

$ 3 9 0 m

$ 3 8 / t $ 4 0 / t $ 4 2 / t


2. CAPEX requirement $300m



5. Actual l i fe of mine is expected to be considerably longer than 40 years



RESOURCE TABLE


R e s o u r c e Ta b l e

A l u m i n a ( t o t a l )

S i l i c a ( t o t a l )

M e a s u r e d

I n d i c a t e d

I n f e r r e d

To t a l

Total Expendi ture

3 9 . 9 %

4 . 8 %

2 6 . 0 M t

11 . 0 M t

3 6 . 0 M t

7 3 . 0 M t

U S $ 1 4 m

F A R S o m a l u To u b a l

4 2 . 6 %

1 . 9 %

A u g ‘ 1 7

A u g ‘ 1 7

4 5 9 . 0 M t

4 5 9 . 0 M t

U S $ 2 8 m *

4 2 . 6 %

3 . 2 %

J u l y ‘ 1 7

J u l y ‘ 1 7

7 2 2 . 0 M t

7 2 2 . 0 M t

U S $ 1 5 m *

*estimates


DELIVERABLESFAR - Licence 223 Somalu - Licence 216 Toubal - Licence 163Status Date Status Date Status Date

First ShipmentCommercial Product ion

Capex FundingOff take AgreementMult i -User Rai lway AgreementPort AgreementExploi tat ion LicenceBulk SamplesFul l Environmental L icenceEnvironmental & Social StudyProduct ion Joint VentureTechnical StudyUpgraded Measured MREMaiden MREEnvironmental L icenceExplorat ion Licence Jul ‘09

Jan ‘14

Oct ‘14

Nov ‘15

Aug ‘16

Sept ‘16

Nov ‘16

Nov ‘16

Feb ‘17

Apr ‘17

Dec ‘13

Jan ‘16

May ‘15

Aug ‘17

July ‘18

2019

Apr ‘18

Dec ‘18

Dec ‘18

Dec ‘18

Jun ‘13

Jan ‘16

Jan ‘15

Jul ‘17

Apr ‘18

2019

Nov ‘17

Sep ‘18

Sep ‘18

Sep ‘18

2019

2019

2019

2020

2021

2021

2022

2022

2022

2023

2024

2024

Aug ‘17

Aug ‘17

Nov ‘17

Nov ‘17

Sep ‘18

Dec ‘18

Complete

Outstanding


PROFESSIONAL TEAMIt is the people who move any business forward. The professional team at Anglo-African Minerals bring a vast portfolio of experience and knowledge to the business.

James Lumley - Chief Executive Officer James began his career at Barclays Bank in the City of London, specialising in corporate lending and went

on to provide consultancy services for a number of multi national companies in raising finance and strategic

planning. Since then he has worked with a number of resource companies in raising both private and public

funding, which has either lead to a stock exchange listing or takeover. Previously, he was appointed as

Managing Director of RAM Resources an ASX listed company, Director of Greenland Resources Limited and

CEO of NAMA Resources based in Iceland.

John O’Connor - Non Executive ChairmanJohn has over 30 years experience on the ground in Africa and other developing markets. Initially with blue

chip Aerospace companies such as British Aerospace, Plessey and Thorn EMI Electronics. Over the last

15 years he has managed this activity through his own company based in Ireland - OCI Ltd. His time with

Thorn EMI led to the creation of Bluefinger Ltd which, with John as founding Chairman, was involved in the

management and licensing of natural resources. John`s investment interests range from Gold, Copper, Iron

Ore and Bauxite in Africa to Biodiesel fuel production in South America


Michel Pothier - Operations Director Michel is a French national based in Conakry. He has extensive

experience working in Africa and capitalizing on experience

in driving projects forward in natural resources, energy, ICT,

telecoms and insurance. Michel is a specialist consultant to

Governments and international operators on natural resource and

energy projects.

Christian West - Director Christian has worked in the capital markets as both a fund manager and

broker since 1998. He is and has been a director of a number of mining

and natural resources companies, both private and public to source

and develop projects and in raising capital and listings. He is a Director

of RDP Limited, a venture capital group specializing in natural resource

investments.

Hans Verschuur - Technical Director Professional mining engineer with > 35 years of extensive

international experience in senior management positions in the

bauxite-alumina industry including project management, project

evaluation, long term strategic mine development, appraisal and due

diligence of mining operations, feasibility studies, technical audits,

review of potential bauxite deposits, negotiating supply contracts.

Martyn Knight - Chief Financial Officer Martyn qualified as a Chartered Accountant in 1987. He worked as a

manager in the corporate reorganisation services at Deloitte before

becoming a commercial finance director or officer for several SMEs over

the last 23 years. He has extensive financial management experience

in financial services, mining, new digital media, IT and leisure sectors,

including financial reporting roles to three venture capital investors as

the finance director of portfolio investment companies.

Bradley Reed - Communications Strategist Bradley has worked in communications for over 35 years having spent time in public

relations, marketing, broadcast, print and film. He has worked in North America, Europe

and China on a diverse portfolio of projects including Theme Park Development to

Alternative Energy and with blue chip companies - Heathrow Airports Limited, Transport

for London and Manchester United Football Club.


Professional ServicesCompany SolicitorsMcEvoy Partners27 Hatch Street Lower | Dublin 2 | Ireland

Company AccountantsLHM Casey McGrath6 Northbrook Road | Dublin 6 | Ireland

GuineaSolictors and AdvisersNimba CounseilMoussodougou, Résidence 2000 du | 2 Octobre, 3ème étage, Bureau 3A | BP:5099 Conakry

AccountantsKPMG GuineaBP:5105 | Conakry

Project ConsultantsSRK Consulting5th Floor Churchill House | 17 Churchill Way | Cardiff CF10 2HH | Wales | UK


A N G L O - A F R I C A N M I N E R A L S P L C

Head OfficeFriar StreetCashel, Co. TipperaryRepublic of Ireland London Office2nd Floor48 Dover StreetLondon, UKW1S 4FF Guinea OfficeImmeuble Allima SoumahBoulbinetBP 5099 ConakryRepublique de Guinée


Anglo-Afr ican Minerals plc

Mineral Technology

Explorat ion Product ion

Guinée S.A.

Mintep Guinee

Republic of Guinea

Forward Afr ica

Resources S.A.

FAR

Republic of Guinea

Société Minière

d’ lumine S. .

Somalu

Republic of Guinea

92% 100%

A n g l o - A f r i c a n M i n e r a l s P L C

Republic of Ireland

Tougue Bauxite and

lumina orporation S. .

Toubal S.A.

Republic of Guinea

AAM Overseas Limited

Brit ish Virgin Islands

Toubal Group Limited

Brit ish Virgin Islands

100% 100% 100%100%

100%

Anglo-African Minerals

(UK) Limited

United Kingdom

Corporate Structure


w w w . a a m p l c . c o m

Ã Peaceful s ince Independence (1958) – only West Afr ican country to have avoided a c iv i l war.

Ã Mining Code in place since 2011 with an independent review carr ied out by KPMG in 2013.

Ã Guinea has at t racted substant ia l investment f rom the Middle East wi th Dubai s igning a legal ly binding agreement to invest $5 bi l l ion into the bauxi te and alumina industry.

Ã Guinea offers a wide range of guarantees and tax incent ives to new investors. Ã Foreign investors can own up to 85% of any venture in Guinea. Ã The mining sector contr ibutes 25% of the nat ion income: dominated by bauxi te

20% GDP and 90% of exports.

ABOUT GUINEAGuinea’s landscape is natural ly blessed – hence the bottomless love Guineans have for their country.

Guineans are proud of their nat ional i ty and have stood together through di ff icul t decades. Guinea has

one of the wor ld ’s largest reserves of bauxi te est imated at 7.4 bi l l ion tonnes of the highest premium

qual i ty ore and Guinea’s mineral weal th makes i t potent ia l ly one of Afr ica’s r ichest countr ies.

Document Copyright © 2017 Anglo-African Minerals plc.All photographs contained in this document Copyright © 2017 Anglo-African Minerals plc.All Rights Reserved.

J u n e 2 0 1 7

Documents

Anglo-African Minerals plc · FORWARD AFRICA RESOURCES S.A. (FAR) Ã AAM owns the rights to two highly prospective exploitation licences (223) in the Dubreka and Kindia Prefectures