A.I.S. Resources Limited Manganese Trading & Production and - - PowerPoint PPT Presentation

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Manganese Trading & Production and Late Stage Gold Exploration & Production

February 2020

A.I.S. Resources Limited

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Entrance to gold mine Northern Peru

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Genesis of the Manganese Deposits

The deposits are mainly of sedimentary and supergene origin comprising four major types, namely banded iron forma7on (BIF)-hosted, black shale-hosted, ooli7c and supergene/karst-hosted deposits.

• The BIF-hosted Kalahari Manganese Field (KMF) is by far the largest of these deposits holding some

4,200 Mt of manganese metal that represents about 77% of the world's known land-based resource.

• Other major deposits are present in the Francevillian of Gabon, represented by high-grade supergene

manganese oxide ores derived from weathering of rhodochrosite-bearing black shale source rock, and manganese carbonates interbedded with black shale and greywackes associated with volcanic dominated orogenic belts in the Birimian of West Africa.

• Ar–Ar analyses of oxidized Mn ore and in situ U–Pb SIMS measurements of heterogenite yield Mio–

Pliocene ages. The Ar–Ar ages suggest a mul7-phase process, star7ng in the Late Miocene (10–5 Ma), when the metal-rich substratum was exposed to the ac7on of meteoric fluids, due to a major regional

• uplie. Further oxida7on took place in the Pliocene (3.7–2.3 Ma) and formed most of the observed

deposits under humid condi7ons: Co- and Mn-caps on metal-rich substrata, and coeval Fe laterites on barren areas. These deposits formed prior to the regional shie toward more arid condi7ons in Central

• Africa. Arid condi7ons s7ll prevailed during the Quaternary and resulted in erosion and valley incision,

which dismantled the metal-bearing caps and led to ore accumula7on in valleys and along foot slopes.

6

Manganese Suppliers in Africa

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• Manganese was mined during the 1990’s and exported from a nearby port.
• A major shae was put in to an approximate depth of 60 metres.

– It sampled at 58% Mn which was excepIonally high.

• AIS has reached an agreement with the property owner to explore the main manganese body

and related outcrops. There are other small trenches and shallow shaes nearby. The area covers approximately 74 hectares.

• A small railway line was put in place to bring the ore down in 100kg lots to the road

approximately 3km away.

• A due diligence program has been planned which will cover mapping, surveying, XRF analysis

down the main shae, mine engineering, road rejuvena7on, and export logis7cs.

• Aeer due diligence is completed we will commence mining if we can prove up 300,000 tonnes
• f ore, which would provide profits of approximately $13-14m at current prices.

9

Manganese Mine, Panama

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A.I.S. Resources | Page 10

Mn scree at old Port Mn scree in creek bed 60m deep main shaft

Manganese Mine, Panama

Mn sample from shaft 58% Old drilling rods Remnants of railway

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• AIS has a lecer of intent to conduct due diligence on an exis7ng gold mine located in the

north of Peru. If we are sa7sfied the project can reach 300-500,000 oz of produc7on, for a 50% interest we will invest an ini7al amount of up to US$500,000 to start produc7on with the latest equipment.

• Three shaes have been mined into the side of the hill intercep7ng high grade veins.
• These veins have assayed from 27gms per tonne to 466 gms per tonne.
• 10 cubic metres of ore was mined through a vein system (approx. 42 tonnes) and 36 oz of

gold ( approx. 1kg of 99.99% purity) was produced in a 10 day period.

• Our due diligence prior to a 50% JV agreement will cover a range of ac7vi7es including:

– Visi7ng the site and taking samples, inspec7ng the geology in the mine shaes – Mapping the surface area with a drone where possible and interpre7ng the vein systems and doing commercial mine engineering calcula7ons – Iden7fying other gold mineralisa7on systems in the area enabling us to mine other vein swarms

13

Gold Mine OperaIons – Northern Peru

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Tenements Prospective vein swarms

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Based on a proposed drill program in mine and surface vein systems with a measured and indicated resource exceeding 200,000 oz – then a US$5m acquisi7on of equipment will yield the following numbers:

16

Gold Avg Assay 10 gms/tonne Gold Price 1,450 per troy oz tonnes mined per day 80 gms per day mined 800

• z per day mined

25.40 Annual production 9,143

• z

recovery using CIL 90% oz monthly production 708.5714286 USD revenue 1,027,429 50% share 513,714.29 Cost of extraction $600 oz cost of mining and extraction $472,380.95 Gross Profit $555,048 50% share $277,524 annualised 50% share $3,330,286

Gold Mine OperaIons – ProjecIons, Northern Peru

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A.I.S. Capital Structure (as of January 2020)

POSSIBLE SHARES PROCEEDS ISSUED AND OUTSTANDING 83,426,366 EXPIRY DATE PRICE WARRANTS $ CAD 11-Jun-20 0.10 7,929,800 792,980 17-Jul-20 0.10 7,100,000 710,000 19-Sep-20 0.12 2,322,250 278,670 26-Feb-22 0.12 12,632,889 1,515,947 29,984,939 3,297,597 EXPIRY DATE PRICE OPTIONS $ CAD 12-Aug-21 0.15 165,000 24,750 7-Oct-21 0.25 215,000 53,750 8-Nov-21 0.30 100,000 30,000 25-Aug-22 0.20 175,000 35,000 14-Feb-22 0.20 110,000 22,000 14-Feb-22 0.68 150,000 102,000 24-Nov-22 0.91 670,000 609,700 24-Nov-22 0.20 1,040,000 208,000 17-Aug-23 0.20 1,000,000 200,000 23-Jul-24 0.10 4,085,000 408,500 23-Sep-24 0.12 500,000 60,000 8,210,000 1,753,700

FULLY DILUTED 121,621,305 5,051,297

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For more information, please contact: Martyn Element Chairman of the Board, Director C +1-604-220-6266 Melement @ aisresources.com Phillip Thomas Chief Executive Officer, President Exploration/Project Director C +1-747-200-9412 (Canada/USA) C +61 433 747 380 (International Cell) Pthomas @ aisresources.com

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