ZINC EXPLORATION IN NORTH AFRICA Gordon P Riddler Chairman Maghreb Minerals plc [MMS]

24 September 2008 FINEX '08, LONDON 1

ZINC EXPLORATION IN NORTH AFRICA

Gordon P RiddlerChairman

Maghreb Minerals plc [MMS]

FINEX ’08

Bou Jabeur – Gite de l’Est Headframe


DisclaimerAlthough reasonable care has been taken to ensure that the facts stated in the presentation and in this document are accurate and that the opinions expressed are fair and reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by either Maghreb Minerals Plc (the ‘Company’) (or by any of their respective directors, officers, employees, agents or advisers (as the case may be) as to the accuracy of the information or opinions contained in, or as to the completeness of, this document. Prospective investors are encouraged to obtain separate and independent verification of information and opinions contained herein as part of their own due diligence. This document is made available only on request to recipients whom the Company believe on reasonable grounds are persons falling within sections 19(5)(3), 48, 49(2) and 50 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001. Any investment or investment activity to which this proposal relates is available only to such persons and will be engaged in only with such persons. Persons who do not have professional experience in matters relating to investments should not rely on this document. By accepting this document, the Recipient agrees to keep permanently confidential the information contained herein or sent herewith or made available in connection with further enquiries. It is a condition of the issue of this document that it will not be reproduced, copied or circulated to any third party without the express prior consent of the Directors of the Company. The distribution of this document in certain jurisdictions may be restricted by law and therefore any person into whose possession this document comes should inform himself about and observe any such restriction. This document is not for distribution outside the United Kingdom and, in particular, it or any copy of it should not be distributed by any means (including electronic transmission) either to persons with addresses in Canada, Australia, Japan, the Russian Federation, the Republic of Kazakhstan, the Kyrgyz Republic or the Republic of Ireland, or to persons with an address in the United States, its territories or possessions or to any citizens thereof, or to any corporation, partnership or other entity created or organised under the laws thereof. Any such distribution could result in a violation of Canadian, Australian, Japanese, Irish, Kazakhstan, Russian, Kyrgyz or United States law.

The statements contained in this presentation are both historical and forward-looking in nature. The forward-looking statements involve risks and uncertainties including those relating to exploration, the establishment of reserves, the recovery of any reserves, future zinc production and production costs, and future permitting dates for additional sources of ore.

NOTE: – Throughout this presentation some of the information in relation to mineral resource estimates has been sourced from the Office National des

Mines and other official sources in Tunisia. The Group has not yet been able to verify independently the accuracy of some of this information.– Where applicable in its context, any tonnage and grade estimates given in this presentation are based on available historical information and

are not compliant with International Reporting Standards but it is the only information currently available to the Group.

Zinc Exploration in North Africa• Factors influencing Maghreb strategy:

– Historical background to mining in Africa

– Where are the past and present mines and exploration?

– Factors Relevant to Increasing Production in Africa

– Potential for Discovery and Increasing Production

• Where is Maghreb Minerals plc looking?

• What is the company doing?



Historical Background

• Pre-historic hearth smelting

• Roman working

• Artisanal and small-scale mining

• Colonial development

• Disruption following independence

• Mining getting back on track in many countries in Africa


Active Mining

Closed Mine

R Resource

RR

RRR

R1,2

3

7

E

ExplorationE

5,698

11

10

12, 1314

15, 1617, 18

19

2420, 21, 22, 23

E

25, 2627, 2837

E E

3129, 30

32

33, 3435 E

EE

E 38, 39, 40, 41, 42, 43, 44, 45

36

Active Mining

Closed Mine

R Resource

RR

RRR

R1,2

3

7

E

ExplorationE

5,698

11

10

12, 1314

15, 1617, 18

19

2420, 21, 22, 23

E

25, 2627, 2837

E E

3129, 30

32

33, 3435 E

EE

E 38, 39, 40, 41, 42, 43, 44, 45

36

ZINC

IN

AFRICA


Zinc in Africa

Country

#

Deposit Name

Status Mine Start

(Mine Closure)

Resource Data c Ma-Host Rock Age

Host Rock Type

1 Black Mountain M 2 Broken Hill M

1981 Reserves: 12.7Mt @1.8%Zn, 4.38% Pb (2001),

2000 Ma

3 Gamsberg R 90Mt @ 6.3% Zn, 0.5% Pb with Cu 2000

Granulite gneiss

4 Pering 1984 (2002) 18Mt @ 3.6% Zn, 0.69% Pb 2521 Dolomite MVT 5 Maranda E

South Africa

6 Metorex (2003) Reserves: 0.3 Mt @ 15.3% Zn, 1.5% Cu 7 Tsumeb/Adenab 1907 (1996) 30Mt @ 4.0% Cu, 9.0% Pb. 3.2% Zn 1500 dolomite 8 Rosh Pina M 1969 Reserves: 6.5Mt @ 8.7% Zn, 2.5% Pb

Resources: 15Mt 600 Volcanic -

sedimentary

Namibia

9 Skorpion M 2003 24.6Mt @ 10.6% Zn 600 Volc – sed Zambia 10 Kabwe 1906 (1994) Mine capacity 250,000 tpa 1500-220 carbonates DRC 11 Kipushi R 1929 (1973) 17Mt 16.7% Zn, 2.32% Cu plus

9Mt @ 23.3% Zn 1.93% Cu 1500 dolomite

12 Yanga Koubanza E 1905 (1978) 5.53Mt @ 8%Pb. 7% Zn. 1.9% Cu 1500 Calc schist

13 Mindouli (1978) Largest in E Niari region 1500 dolomite

Congo

14 Mfouati 1938 (1984) 15 Ishiagu M 16 Enyiba M 17 Ameri M

Nigeria

18 Ameka M

1.5Mt @ 7% Zn (2006) Overall average grade for Benue Valley deposits 12% Zn+ Pb ratio 2:1

100 Carb shales

Burkina Faso

19 Perkoa R Expected 2008 6.3Mt @ 14.5% Zn, .06% Pb, 10% BaSO4, 26 g/t Ag

2000 Volc tuffites VMS

20 Asmara R

21 Debarwa R 5.3 Mt @1.57 g/t Au, 74.8 g/t Ag, 2% Cu, 0.8% Zn

22 Adi Nefas R 1.2Mt @ 11.5% Zn, 1.1%Cu, 4.4 g/t Au, 165 g/t Ag

23 Emba Derho E R 40 Mt target

Eritrea

24 Bisha E Assy: 6.27%Cu, 1g/t Au, 42.g/t Ag +Zn

1500 VMS

Status: M= Active Mine; = Closed Mine; R = Estimated Resource; E = Active Exploration.

Note: Indicative List. Resources quoted may not be to reporting code standards


Zinc in Africa

Country

#

Deposit Name

Status Mine Start

(Mine Closure)

Resource Data c Ma-Host Rock Age

Host Rock Type

25 Bou Beker 1926 (1997) 26 Touissit (2003) 27 Mekta 28 Beddiane

1926 (1997)

Between 1926 and 1997 produced 67Mt @ 7%Pb, 3% Zn and up to 600 g/t Ag

170 dolomites

29 Hajar M 1992 8.4Mt @ 10.5% Zn, 3% Pb, 0.3% Cu, 60 g/t Ag (2002)

Morocco

30 Drâa Lasfar M 2004 7.79Mt 5.52% Zn, 2.3% Pb, 0.27% Cu

355 Volc – sed contact zone

31 Tighza M E 1955 5 Mt; production 30 ktpa Pb, 4 ktpa Zn 350 volc – sed Algeria 32 Oued Amizour E 30 Mt @ 5.5% Zn, 1.4% Pb of which

11Mt @ 10.9% Zn. 3% Pb 150 Lavas + sed

33 Bouk Dema E 1927 (1930) 18.4Mt @ 4% Zn, 2% Pb

34 Kef Semmah E 1900 (1953) Oxide: 2.1 MT @ 20% Zn, 2.93% Pb Sulphide: 3.2Mt @ 6% Zn, 1.35% Pb

35 Ain Sedjra E 1911 (1953) 2.2Mt @ 11.4% Zn, 1.14% Pb

100

36 Bou Jabeur West R Zinc mineralisation recorded - ?5Mt 170

Dolomites

37 El Abed (1997) Part of Bou Beker – Touissit resource 170 dolomites 38 Gite l’Est E 1891 (2002) 5.1 Mt @ 3.76% Zn, 1.38% Pb, 33.2%

BaSO4, 9.3% CaF2 39 Dar N’Hal Nord E 1891 (2005) 1.2 Mt @ 6.1% Zn, 5.5% Pb mine

reserve left. 40 Djebba E 1920 (1956) 2.7 Mt @6.14% Zn, 3.34% Pb

41 Bougrine E 1990s (2005) c10 Mt at start 1.3Mt @ 10.9% Zn, 1.9% Pb (2002)

42 Zriba Guebli E 1967 (1992) 4Mt @ 25% CaF2, 2% Pb + Zn

43 Kohol R E 0.4 Mt @ 35% CaF2, 5% Pb + Zn

44 Sidi at Taia E Mineralisation 3.5% Pb + Zn, 15% CaF2, 10% BaSO4

Tunisia

45 Mesella E Zinc oxide and sulphide

100 - 10 Karstic carbonates and dolomites

Status: M = Active Mine; = Closed Mine; R = Estimated Resource; E = Active Exploration

Note: Indicative List. Resources quoted may not be to reporting code standards


Zinc in Africa

Factors Relevant to Increasing Production • Political risk• Stability of title• Stability of fiscal regime• Data availability and infrastructure support• Access to under-explored areas and former mine

sites• Application of modern exploration and mining

techniques• Innovative processing


Potential for Discovery and Increasing Production

• Large (>40Mt), lower grade VMS type deposits in older Proterozoic terrains (Gamsberg, Asmara)– Complex mineral paragenesis; complicated metallurgy

• Smaller (~5 - 10Mt), higher grade MVT type carbonate hosted deposits (Benue Valley, Bouk Dema, Fej Lahboum, Gite de l’Est)– Central processing facility and more extensive infrastructure

• Zinc Oxide Deposits– Application of SE/EW technology (Skorpion, Kef Semmah)

• Volcano-sedimentary Hercynian terrains (Hajar, Draa Lasfar)


Where is Maghreb Minerals Looking?

FOLLOWING

THE

ROMANS

INTO

TUNISIA


Why Tunisia ? Opportunity to re-start mining at past producing mines

mining stopped at a time of low metal prices; these mines have established resources in situ and upside for more

Bougrine concentrator on care and maintenance Centrally located with capacity up to 2,000 tpd

Ready Market in Europe World shortage of good quality concentrate

Clean concentrate commanding high prices in the European smelting market Bou Grine product sold to a number of European smelters

Competitive mining code and stable fiscal regime Good existing infrastructure

power, water, rail, concentrate handling, extensive good quality geodata and effective government support

Little modern exploration and excellent exploration potential


Maghreb Minerals Response…

Built a strong portfolio of exploration permits Hold 100% title on 7 EPs around and along strike from

former producing mines

After extended negotiation, recently (2007) secured title to three past producing mines Opportunity to fast track to production

Exploration targeting using alternative model "thrust related model replaces salt dome related concept“


Maghreb portfolio of assets

10km 125km

50km

Past producing minePb=Zn showing Mejerda Zone

* not to reporting code standard

Past Producing Zaghouan-Zriba fluorite

mine Current ‘resource’ > 4.8

Mt grading 25% CaF2

Significant Upside Tonnage Potential

Past Producing Bou Jabeur

Pb-Zn-Ba-CaF2 mine(s)Gîte de l’Est ‘resource’* 5.1 Mt grading 3.76% Zn, 1.38%

Pb, 33.2% BaSO4, 9.3% CaF2

Significant Upside Tonnage Potential at depth & along

strike

Past Producing Fej Lahdoum mine current ‘resource’*

1.5 Mt grading 11.6% Pb+ZnSignificant Upside Tonnage Potential

Djebba ‘resource’*approx. 3 to 4 Mt grading

6% Zn + 3% Pb10km from Fej Lahdoum

Past Producing Breakwater Resources

Bou Grine Mine up to 2,000 tpd mill

Closed September 2005 on care and maintenance

Lorbeus EL


Past – Producing Mine Resource Evaluation Projects

15 March 2007

Bou Jabeur – Gite de l’Est – Step out drilling, May 2008

15

Bou Jabeur EP - Gite de l’Est Mine

1000 m

450

m

March to September 2007: Phase 1 - Verification Drilling completed at Gite de l'Est. 10 drill holes totalling 3,404.5m. Drilling results confirm and verify the previous O.N.M. drilling results, with some zinc assays in cores looking considerably better.June to October 2007: Discovery of cores and pulps from original ONM drilling programme used for earlier COMINO (2001) resource estimates. Significant uplift in zinc results (>40%) from re-analyses of the first batch of these. December 2007: Inferred Mineral Resource estimate for Gite de l’Est of 8.836 million tonnes (Mt) grading combined 3.16% zinc and lead: 2.17% zinc, 0.99% lead, 5.06% CaF2 and 21.66% BaSO4 (JORC (2004) - in situ value of the mineral resource is estimated to exceed US$925 million at December 2007 metal prices.January – June 2008: Earned 90% interest in the Bou Jabeur exploration permit. Phase 2 complete.

Gite de l’Est Resource Model


Ouled Moussa EL

100% Maghreb

Bou Jabeur Mill originally fed by nearby mining operations in the

hillside

Bou Jabeur

Gite de l’Est Mine 5.1 Mt 3.76% Zn, 1.38% Pb, 33.2% BaSO49.3% CaF2

First verification hole MBJ-1 Pb+Zn

mineralised core


Bou Jabeur - Gite de l’Est - Drilling

Bou Jabeur - Gite de l’Est - Drilling


19

Gite de l’Est Mine – Verification Drilling - 2007

Gite de l’Est – Bou JabeurMBJ Series Verification Drilling

Best Zinc – Lead ResultsDRILL HOLE

TOTAL INTERVAL(m)

Zn (av. %)

Pb (av. %)

COMBINED av. Zn%+Pb%

MBJ 1 34.2 4.74 0.90 5.64 MBJ 2 36.10 4.60 1.82 6.42 MBJ 4 40.65 6.48 1.83 8.31 MBJ 5 36.65 5.04 1.54 6.58 MBJ 6 44.70 7.47 0.71 8.18 MBJ 8 10.60 5.22 0.87 6.09 MBJ 10 13.90 3.96 1.28 5.24

PHASE 2 DRILLING

January – June 2008

Bou Jabeur Gite de l’EstDrill hole MBJ 24April/May 2008

46m interval @ 9.12% Zn and 1.72% Pb

Adds 200m to depth extent Re-analyses results from ONM BJ series cores and Maghreb’s MBJ series results still to be entered in resource model

PHASE 2


Bou Jabeur – Gite de l’EstPhase 2: Step out drilling

results

DRILL HOLE

FROM (m)

TO (m)

INTERVAL (m)

Ag (g/t)

Zn (%)

Pb (%)

COMBINED Zn%+Pb%

MBJ12 348.60 352.90 4.30 0.85 3.13 3.98 357.80 360.10 2.30 1.34 4.01 5.35 368.60 369.60 1.00 2.25 1.55 3.80 371.60 393.45 21.85 15.60 5.51 2.62 8.13 including 375.30 380.45 5.15 9.12 4.08 13.20 including 382.90 386.20 3.30 7.74 6.56 14.30 including 387.20 388.35 1.15 1.35 10.27 11.62 395.45 402.40 6.95 21.01 0.01 3.04 3.05 including 401.50 402.40 0.90 0.01 9.07 9.08 MBJ17 256.15 273.10 16.95 7.13 1.98 9.11 including 256.15 258.25 2.10 16.16 1.63 17.79 including 259.45 260.45 1.00 10.50 0.90 11.40 including 263.55 268.80 5.25 13.32 0.65 13.97 of which 263.55 264.65 1.10 18.04 1.00 19.04 of which 267.65 268.80 1.15 21.18 1.27 22.45 including 270.80 271.60 0.80 0.04 17.00 17.04 including 272.30 273.10 0.80 0.78 10.26 11.04 MBJ20 144.60 172.00 27.40 3.10 2.29 5.39 including 153.60 157.50 3.90 7.10 2.93 10.03 including 162.65 165.85 3.20 5.05 1.81 6.86 176.80 185.90 9.10 3.19 1.38 4.57 MBJ24 311.25 357.50 46.25 9.12 1.72 10.84 including 311.25 319.35 8.10 14.14 1.45 15.59 of which 314.35 319.35 5.00 17.18 2.05 19.23 including 331.40 341.40 10.00 15.74 1.07 16.81 of which 337.40 341.40 4.00 22.49 1.03 23.52 including 352.40 355.20 2.80 12.26 6.89 19.15 MBJ27 222.10 258.00 35.90 6.99 1.28 8.27

including 224.50 228.90 4.40 11.20 1.45 12.65

including 236.00 240.00 4.00 9.61 0.88 10.49 including 243.10 245.30 2.20 9.97 1.96 11.93 including 246.65 249.50 2.85 9.88 2.48 12.36 including 253.20 255.40 2.20 7.95 1.69 9.64 270.00 286.40 16.40 2.81 2.55 5.36 including 274.40 282.00 7.60 4.66 3.75 8.41

MBJ28 383.75 386.40 2.65 4.25 0.63 4.88

389.60 391.50 1.90 4.04 0.77 4.81


Fej Lahdoum – Dar N’Hal Nord Mine


Fej Lahdoum - Dar N’Hal Mine

Dar N’Hal Nord

Dar N’Hal Sud

Current combined > 1.5 Mt, additional drilling

needed between the 2 known ore zones and at depth to add resources

Dar N’Hal Sud: 400,000 t grading 13.3% Pb+Zn, Grades verified by drilling in 2005

Dar N’Hal Nord Pb+Zn deposit:

• estimated 1.2 Mt 11.6% Pb+Zn left of 1991 Bulgarian reserve

• 2005 drilling extended the surface area of the resource by ~20%

• DNH25: 7m @ 16.4% Pb+Zn & DHN 26: 5.8m @ 21.19% Pb+Zn


Fej Lahdoum

Maghreb’s drilling program is targeted at extending the zone of mineralisation at depth and

along strike

Maghreb 2005 drilling selected results include:MFL 8: 79.80 m 5 intervals @ 3% to 5% Zn + Pb

MFL 9: 32.75 m 3 intervals @ 4.5% to 6% Zn + PbMFL 18: 17.5 m @ 13.5% Zn + PbMFL 21: 24.45 m @ 7.15% Zn + PbMFL22: 19.90 m @ 8.75% Zn + Pb

Possible sub-surface extent of the Fej Lahdoum Lead - Zinc deposit in

Dar N’Hal Nord and Sud.


Touila Fault

Bou Kcherida Fault zone Down-dip extension of ore body is unknow n

Possib le extension northw ards into the Bou Kcherida block

Dar N’Hal Nord Mine Entrance


Fej Lahdoum – Current Drill Target


Djebba Exploration Permit (100% Maghreb)

• Satellite deposit 10km north of Fej Lahdoum

• Miocene basin– Canadian SIDAM–Minorex

(1989) ‘Reserve’ estimate of 2.7 Mt grading 6.14% Zn and 3.34% Pb, including an open-pit mineable resource of 800,000 tonnes at 6.59% Zn and 4.09% Pb

• Cretaceous – Triassic contact zone

– High grade Pb – Zn mineralisation intersected in 2005/2006 shallow drilling at south and north end of previously defined mineralisation

Old U/G mining operation

Old O/C mining

operation


SHALLOW MINERALISATION OPEN AT DEPTH

MDJ4 42m-70m: 27.9m @ 9.67% Pb/Zn 74m-96m: 25.6m @ 5.92% Pb/Zn

MDJ338m-59m : 21.2m @ 13.24% Pb/Zn

MDJ1 23.05m-28.25m 5.2m @ 19.2 % Pb/Zn

MDJ2 21.85m-32.30m: 10.45m @ 19.1% Pb/Zn,

Djebba: Contact Zone Mineralisation

MDJ 3: 0.45m @ 10.31% Zn & 50.90% Pb


Djebba Zn orebody

Djebba Mineral Resource

Triassic rocksFault between Cretaceous rocks and Trias - Neogene basins

Neogene rocks


Exploration Projects


Hammam Zriba-Jebel Guebli

Sidi et Taia

Jebel el kohol

Jebel el Messella

Henchir el Jebs

Henchir Mejdoub

Sidi Salem el Garci

Zaghouan

Bou Ficha

Grombalia

Jebel Fkirine

500000

500000

520000

520000

540000

540000

560000

560000

300

000

300000

320

000

320000

340

000

340000

360

000

360000

380

000

380000

10 0 10 20 Kilometers

N

EW

S

Decoupage administratifGouvernorat de Ben ArousGouvernorat de ZaghouanDecoupage cartographique à1/50000

Permis de recherches demandés (3ème G)

Permis de 4ème groupe valides

SITUATION GENERALE DES PERMIS DE RECHERCHE DEMANDES

Zaghouan Fluorite Exploration

Zriba Mine produced approx. 4Mt of ore, grading 25% fluorite (CaF2), 1-2% Pb+Zn from 1967 to 1992

Mine closed due to low metal prices Simple room and pillar mining operation Current “resources”

> 4.8 Mt grading 25% CaF2

Fluorspar prices to remain high recent acid grade fluorspar cif price

US$400/t, compared with an average of US$180/t in 2005

Tunisia annually imports US$20mln worth of CaF2

Significant exploration potential for Zn+Pb Advanced discussions with partners

Zriba mine June 2006

24 September 2008 FINEX ’08, LONDON 31

Zriba – Guebli Potential

Zriba mine is largely worked out

(4 Mt @ 25% CaF2 produced to 1992; 4.8Mt* remain)

Potential to NW and SE but both known to be thinnerthan at the mined part of the deposit

Guebli considered a better target for fast development but Zriba data are being studied to understand genesis and likely geometry at Guebli

(*not compliant with international reporting standards)

24 September 2008 FINEX’08, LONDON 32

Zriba Mine

Dominantly a flat lying barite-fluorite deposit with subsidiary Zn and Pb

Stratigraphically controlled and varying in thickness from 2 – 13 metres

Sandwiched between Jurassic Portlandian limestones and Cretaceous Campanian chalks (Abiod Formation)

24 September 2008 FINEX’08. LONDON 33

GUEBLI DEPOSIT

South west of Zriba

Not exposed at surface

60m – 70m deep in main part of valley

extensive drilling and trial mining but no exploitation yet

256 historic drillholes and 15 recent MMplc drillholes

Significant variations in thickness over short (<10m) distances

Largely stratabound and flat

Typically 18% - 20% CaF2


Bou Jabeur Exploration• Limited exploration to date

• Three targets:

1. Old workings for lead-zinc-barite in galleries in the hillside – mining stopped at the water table

2. High grade assays in drilling near the Algerian border

3. Gravity target on 100% Maghreb owned Ouled Moussa EL

S12 – 29 m @ 7.16% Zn S36 – 3.3 m @ 10.5% Pb S37 – 4.9 m @ 45% Zn S50 – 2.0 m @ 23.5% Zn S51 – 5m @ 15.5% Zn, 2.0% Pb


Fej Lahdoum Regional Exploration

100% owned Maghreb Exploration Licence

Lorbeus Exploration


Past small-scale producer of high grade Pb – Zn mineralisation (closed in 1929)

On the same mineralised basin margin structure as the nearby (4 km) Bou Grine Mine

Over 1.5km of strike length of mineralised host rocks and prospective structures

Bou Grine Mine – 4km from Lorbeus


Lorbeus Area – with train line to Bou Grine mill

• Bou Grine is Tunisia’s largest known zinc/lead deposit to date.

• Discovered in 1981, the Bou Grine deposit was estimated, in 1985, at 7.3M grading 2.4% Pb and 9.7% Zn using a cut-off of 4% Zn.

• Bou Grine Mine operated byBreakwater Resources closed inSeptember 2005.


Bou Grine Pb-Zn Mill Central Tunisia

1,000 – 2,000 tpd Bou Grine Mill on Care & Maintenance

Opportunity to fast track getting back into production via a possible deal with Breakwater to toll treat or purchase the mill

Fej Lahdoum was supplying 15% of mill feed until closure in 2005

Rail access from Bou Jabeur and Lorbeus to the Bou Grine Mill

Rail from mill to the port and concentrate storage facility in Tunis

Lorbeus Exploration• Positive indications for MVT mineralization of lead and zinc.• Office National des Mine reworked soil geochemical survey

data shows very positive lead zinc anomalies.• A positive residual gravity is partly coincident with the soil

geochemistry anomalies which track linear satellite trends • Maghreb’s geology re-mapping showed:

– prospective near basin margin facies; – evidence of extensive hydrofracturing and fluid flow– lead mineralisation at surface


Galena stringers at surface

Lorbeus Exploration


NitonSurvey

Regional Lineaments

Anomalous gravity and Lead and zinc in soils

Postscript - Algeria

Tan Chaffao location and geology:• acid volcanics (porphyritic rhyolites)

• overlain by a volcano-sedimentary unit (volcanic tuffs, with mafic volcanics)

• major fault structures traverse the area.


Tan Chaffao Mineralisation

The polymetallic (Zn, Pb, Cu, Au)

mineralisation of Tan Chaffao:

• discovered in 1971 and explored by O.R.G.M teams

• geological and geophysical studies and a 10-hole drill programme.

• drilled to depths of between 100m to 200m

• several mineral-bearing zones over a strike length of 1,450m

• lenses - length from 50m to 300m; widths between 0.6m and 21m


Verification work programme by Maghreb Tan Chaffao

• five drillholes (MTC001 – MTC005), for a total of 823 metres• mineralisation in an altered sulphidic quartzite below chlorite-sericite schists.• assay results below expectations based on previous O.R.G.M. data.

• gravity soil geochemistry surveys identified some small-scale gravity highs with coincident elevated copper and gold in soils.

• high level of expenditure operating in the remote Tan Chaffao area, slow progress of available contractors and disappointing initial results

• DECISION - terminate further exploration over this permit.


Drill Hole From (m)

To (m) Interval (m)

Assay

MTC 001including including

84.6090.10115.00118.50

94.5091.10121.70119.50

9.901.006.701.00

2.27%Zn; 0.53%Pb; 0.23% Cu0.72g/t Au1.42%Zn; 0.34% Cu0.53 g/t Au

MTC 003includingof which

101.00107.00108.00

119.00110.00109.00

18.003.001.00

2.4%Zn; 0.79% Pb; 0.17% Cu3.02 g/t Au8.04 g/t Au

MTC 004 68.35 74.35 6.00 0.81%Zn; 1.35%PbMTC 005including

113.20116.20

125.80122.80

12.606.60

3.89%Zn; 1.73%Pb; 0.16%Cu6.38%Zn; 2.77%Pb; 0.21%Cu


Maghreb Minerals plc Plans…

Focus in Tunisia on drilling in 2008 to get to compliant resource statements for its deposit holdings: Initial estmate for Bou Jabeur-Gite de l’Est by WAI, December 2007 Updated estimate by Scott Wilson Mining, November 2008

Working to timetable: Completion of verification drilling

Djebba – Q1 2007; Zaghouan – Q3 2007; Bou Jabeur Gite de l’Est – Q3 2007; Fej Lahdoum Q3 2008

Deposit resource delineation and scoping study* Djebba – Q2 2008; Zaghouan – Q2 2009; Bou Jabeur/Gite de

l’Est* – Q4 2008; Fej Lahdoum Q3 2009 Exploration on permits

Ongoing for completion Q4 2009


FINEX ’08

THANK YOUMaghreb Minerals plcBlackwell HouseGuildhall YardLondon EC2V 5AE

Tel: +44 20 7556 0940Fax: +44 20 7556 0949

Web: www.maghrebminerals.co.uk

Documents

ZINC EXPLORATION IN NORTH AFRICA Gordon P Riddler Chairman Maghreb Minerals plc [MMS]