SLIDE 1
Im portant Notice
This presentation is the property of Acacia Mining and may not be copied or distributed without the express consent of Acacia Mining. The presentation is being made available to Endeavour subject to the terms of the confidentiality agreement entered into between Acacia Mining and Endeavour (the "NDA") and is for the exclusive use of Endeavour. By receiving the presentation, Endeavour acknowledges and agrees that all of the information contained in the presentation is to be considered strictly confidential and is subject to the terms of the NDA. Nothing herein is intended to in any way modify, amend or supersede any provision of the NDA, which remains in full force and effect. You are further reminded that you have received this presentation on the basis that you are a person to whom this presentation may be lawfully made and delivered. You may not and are not authorised to: (i) reproduce or publish this presentation; or (ii) distribute, disclose or pass on this presentation to any other person, in whole or in part, by any medium or in any form, in breach of any applicable securities laws. Neither Acacia Mining nor any of its directors, officers, partners, employees, affiliates, agents, consultants, advisors or representatives (together, "Associates") has verified, or will verify, any part of this presentation, and neither Acacia Mining nor any of its Associates makes any representation or warranty, express or implied, as to the fairness, adequacy, accuracy or completeness of the information in this presentation or as to the existence, substance or materiality of any information
- mitted from this presentation. The information or opinions contained in this presentation or any written or oral information made available to any person does not purport to be comprehensive and has not been independently verified.
Endeavour should make its own independent investigations and analyses of Acacia Mining and its own assessment of all information and material provided, or made available, by Acacia Mining or any of its Associates. The financial information (both historical and projected) contained in this presentation (the "Financial Inform ation") has not been audited and may not comply with applicable accounting standards. The information contained in this presentation includes “forward-looking statements” that express or imply expectations of future events or results as opposed to historical facts. These statements include, financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future production, operations, costs, projects, and statements regarding future performance. Forward-looking statements are generally identified by the words “plans,” “expects,” “anticipates,” “believes,” “intends,” “estimates” and other similar expressions. All forward-looking statements involve a number of risks, uncertainties and other factors, many of which are beyond the control of Acacia Mining, which could cause actual results and developments to differ materially from those expressed in, or implied by, the forward-looking statements contained herein. Factors that could cause or contribute to differences between the actual results, performance and achievements of Acacia Mining include, but are not limited to, changes or developments in political, economic or business conditions or national or local legislation or regulation in countries in which Acacia Mining conducts - or may in the future conduct - business, industry trends, competition, fluctuations in the spot and forward price of gold or certain other commodity prices (such as copper and diesel), currency fluctuations (including but not limited to the US dollar, South African rand, Kenyan shilling and Tanzanian shilling exchange rates), Acacia Mining’s ability to successfully integrate acquisitions, Acacia Mining’s ability to recover its reserves or develop new reserves, including its ability to convert its resources into reserves and its mineral potential into resources or reserves, and to process its mineral reserves successfully and in a timely manner, Acacia Mining’s ability to complete land acquisitions required to support its mining activities, operational or technical difficulties which may occur in the context of mining activities, delays and technical challenges associated with the completion of projects, risk of trespass, theft and vandalism, changes in Acacia Mining’s business strategy and ongoing implementation of operational reviews, as well as risks and hazards associated with the business of mineral exploration, development, mining and production and risks and factors affecting the gold mining industry in general. Although Acacia Mining’s management believes that the expectations reflected in such forward-looking statements are reasonable, Acacia Mining cannot give assurances that such statements will prove to be correct. Accordingly, no representation is made that any of these forward-looking statements will come to pass or that any associated result will be achieved and Endeavour should not place reliance on forward-looking statements contained in this presentation. Except where otherwise expressly indicated, the information contained in this presentation (including any forward-looking statements) speaks as of the date hereof or as of the date at which such information is expressed to be stated, as applicable, and only reflects information available at the time of preparation. Subject to the requirements of applicable law, Acacia Mining explicitly disclaims any obligation or undertaking publicly to update or revise any forward-looking statements in this presentation, whether as a result of new information, future events
- r otherwise. The information contained in this presentation shall not be deemed to be an indication of the state of affairs of Acacia Mining nor shall it constitute an indication that there has been no change in the business or affairs of Acacia
Mining since the date hereof or since the date at which such information is expressed to be stated, as applicable. Nothing in this presentation should be construed as a profit forecast or estimate and no statement made should be interpreted to mean that Acacia Mining’s profits or earnings per share for any future period will necessarily match or exceed its historical published profits or earnings per share. Mineral reserves and mineral resources estimates contained in this presentation have been calculated as at 31 December 2016 in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definitions were followed for mineral reserves and resources. The reserves and resources figures stated are estimates. No assurances whatsoever can be given that the indicated quantities of metal will be produced and totals stated may not add up due to rounding. For more information regarding the nature of reserves and resources estimates and relevant CIM definitions, please see page 90 of Acacia Mining Mining plc’s 2015 Annual Report and Accounts. This presentation may contain inside information or unpublished, material undisclosed or price sensitive information. The distribution of this presentation in certain jurisdictions may be restricted by law and, accordingly, by accepting this document, Endeavour represents that it is able to receive it without contravention of any unfulfilled registration requirements or other legal or regulatory restrictions in the jurisdiction in which they reside or conduct business. This presentation should not be considered as a recommendation or a solicitation to any party to participate or support a particular course of action and Endeavour is recommended to seek its own financial and other advice. Neither Acacia Mining nor any of its respective Associates owes any duty of care to any recipient of this presentation. No legal relationship shall be created between Acacia Mining or any of its Associates, on the one hand, and any recipient, on the other hand, by virtue of this presentation. BY RECEIVING THIS PRESENTATION, YOU ACKNOWLEDGE AND AGREE TO THE CONTENTS OF THIS DISCLAIMER AND YOU AGREE TO BE BOUND BY THE FOREGOING LIMITATIONS.
2 Mining Indaba 20 17 06 Januart 2017