African Mining & Exploration Plc Investor Presentation March - - PowerPoint PPT Presentation

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African Mining & Exploration Plc Investor Presentation March - - PowerPoint PPT Presentation

African Mining & Exploration Plc Investor Presentation March 2013 Disclaimer These presentation slides (the Slides) do not comprise an admission document, listing particulars or a prospectus relating to African Mining & Exploration


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SLIDE 1

African Mining & Exploration Plc

Investor Presentation March 2013

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SLIDE 2

Disclaimer

These presentation slides (“the Slides”) do not comprise an admission document, listing particulars or a prospectus relating to African Mining & Exploration plc (“the Company”) or any subsidiary of the Company, do not constitute an offer or invitation to purchase or subscribe for any securities of the Company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities in the Company. The Slides and the accompanying verbal presentation are confidential and the Slides are being supplied to you solely for your information and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Company or their respective shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or

  • pinions contained in the Slides and the accompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the case of

negligence, but excluding any liability for fraud). The Slides contain forward-looking statements, which relate, inter alia, to the Company’s proposed strategy, plans and objectives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and the Company accepts no

  • bligation to disseminate any updates or revisions to such forward-looking statements.

The Slides are directed only at persons in member states of the European Economic Area who are “qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC). In addition, in the United Kingdom, these slides are being directed only at persons who fall within the exemptions contained in Articles 19, 48, 49 and 50A of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (such as persons who are authorised or exempt persons within the meaning

  • f the Financial Services and Markets Act 2000 and certain other persons having professional experience relating to investments, high net worth companies, unincorporated

associations or partnerships, the trustees of high value trusts and self-certified sophisticated investors) and persons to whom distribution may otherwise lawfully be made. Any investment, investment activity or controlled activity to which the Slides relates is available only to such persons and will be engaged in only with such persons. Persons

  • f any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon the Slides.

The Slides should not be distributed, published, reproduced or otherwise made available in whole or in part by recipients to any other person and, in particular, should not be distributed to persons with an address in the United States of America, Australia, the Republic of South Africa, the Republic of Ireland, Japan or Canada or in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement. No securities commission or similar authority in Canada has in any way passed on the merits of the securities offered hereunder and any representation to the contrary is an offence. No document in relation to the Placing has been, or will be, lodged with, or registered by, The Australian Securities and Investments Commission, and no registration statement has been, or will be, filed with the Japanese Ministry of Finance in relation to the Placing or the Shares. Accordingly, subject to certain exceptions, the Shares may not, directly or indirectly, be offered or sold within Canada, Australia, Japan, South Africa or the Republic of Ireland or offered or sold to a resident of Canada, Australia, Japan, the Republic of South Africa or the Republic of Ireland The Securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, any US Person as that term is defined in Regulation S under the US Securities Act. The Company has not been registered and will not register under the United States Investment Company Act of 1940, as amended. The Slides and their contents are confidential and should not unless otherwise agreed in writing by the company be copied, distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other person.

March 2013 l African Mining & Exploration l Investor Presentation 2

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SLIDE 3

African Mining & Exploration plc is a gold exploration company focussed on West

  • Africa. Its initial focus is on advancing its

solid portfolio of assets in Mali up the resource development curve and evaluating exploration investment opportunities and partnerships to expand its geographical focus and provide significant value uplift potential for investors.

March 2013 l African Mining & Exploration l Investor Presentation 3

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Company Snapshot

 AIM quoted West African gold exploration company with solid portfolio of assets in Mali, Africa's third largest gold producer  Portfolio of projects including flagship 207 sq km Kossanto Gold Project  Defined exploration and development programme to delineate a maiden JORC compliant resource in H1 2013  Well funded for future exploration with in house RAB drilling capabilities to de-risk future work and investment  Premier gold district hosting major gold deposits. Regional operators include:

  • Randgold Resources - 12.5Moz Loulo mine
  • AngloGold Ashanti - 12.0Moz Sadiola mine
  • Teranga Gold - 3.0Moz Sabodala mine

 Evaluating additional projects  Proven Board with a track record of developing world class resource projects globally

March 2013 l African Mining & Exploration l Investor Presentation 4

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SLIDE 5

Key Data

March 2013 l African Mining & Exploration l Investor Presentation 5 Market AIM Ticker AME Share Price (as at 15.03.13) 4.125p Market Capitalisation £3.47m Shares in issue 84,213,306 Cash (as at 31.12.12) £1.76m Warrants outstanding 58,940,493 Options 8,690,000 Shares not in public hands 38.8%

Major Shareholders

Praetorian Portfolio holding L.P - 20.1% Fiske - 12.4% New City Investment Managers - 7.9% Other Shareholders -59.6%

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SLIDE 6

Strategy

“AME’s goal is to establish a leading gold exploration company in West Africa, utilising the strengths of experienced professionals and partners to deliver significant investment return with managed risk”

 Rapidly advance primary Kossanto project  Delineate a resource of over 500,000oz Au within the next two years  Use its knowledge of working in emerging economies to continue to expand its portfolio of assets through the judicious selection and acquisition of projects with low entry costs  Control costs  Build shareholder value

March 2013 l African Mining & Exploration l Investor Presentation 6

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Proven Board

Mike Johnson

Chairman

(Emeritus) Professor Mike Johnson was previously the Director of Environmental Science and the Botanic Gardens at the University of Liverpool. He was Chairman of Glebe Mines Ltd (2000-2008) and is currently a Director of Columbus Copper Corp. Professor Johnson presently holds a number of business and environmental advisory positions including with Rio Tinto plc, New Boliden SA and Lundin Mining Corporation, and is an adviser on sustainable development programmes for several governments, UNEP and the World Bank.

Mark Jones

Chief Executive Officer

A graduate of the Camborne School of Mines, Mark is a mining engineer with over 30 years’ experience in mining production and associated businesses including explosives and heavy industrial equipment, over 20 of them in Africa. His global exposure to mining spans all continents, with specific expertise in gold and base metals in West Africa, Zimbabwe, South Africa and the former Soviet Union. Mark has an MBA and is currently a non-executive director of Aurum Mining plc , Tulpar Gold plc and Antracor Mining Ltd.

Charlie Cannon- Brookes

Non Exec Director

Charlie is the Investment Director of Arlington Group Asset Management Limited and the Investment Manager

  • f Praetorian Resources Limited, an AIM listed closed ended investment company focused on the natural

resources sector. Previously he acted as investment manager to Arlington Special Situations Fund; a Cayman domiciled OEIC (2005-2010). For the previous five years (2000 – 2005), he ran Arlington Group Plc.’s proprietary trading book, managing all of its public equity exposure. He has extensive fund management experience and has advised and sat on the board of a number of other funds and trusts in a non-executive capacity.

Clive Harrison

Non Exec Director

A graduate of Cambridge University. Joined the London Stockbrokers Panmure Gordon in 1961. Became a member of the London Stock Exchange in 1965. Founded Fiske & Co Stockbrokers in 1973 and has been successively Senor Partner, Chief Executive and Chairman of what is now Fiske Plc.

March 2013 l African Mining & Exploration l Investor Presentation 7

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Key Management

March 2013 l African Mining & Exploration l Investor Presentation 8

Michael McGarty Chief Financial Officer

A graduate in Finance from Manchester University’s Business School, and a qualified accountant (Chartered Institute of Management Accountants, UK), Michael gained 16 years of experience working with Ingersoll Rand (NYSE:IR), a leading global diversified manufacturer of industrial and engineered products. During this time he has worked in roles of increasing responsibility, covering all areas of accounts payable / receivable and financial / management accounting. He led the European implementation of the Sarbanes Oxley compliance initiative and has served for 7 years as financial controller for businesses covering Europe, Middle East and Africa, including the provision of business partner support and strategic planning. Michael has 2 years’ experience in West African exploration.

Dominic Doherty Regional Manager

Dominic was awarded a Queen's commission from the Royal Military Academy Sandhurst, retiring as a Captain after serving 8 years as a Regular Officer in the British Army. During a distinguished Army career he was involved in combat and service operations throughout the world, including Europe, North America, West Africa and the Middle East. He is professionally trained in information and intelligence gathering and analysis and academically trained as a lawyer with a degree in Law from Exeter University. During service in Sierra Leone Dominic forged a strong bond with West Africa and relationships from that time have led him back to the region several times over the past 15 years. As one of the founding partners of Roc Resources, Dominic developed an alluvial gold opportunity in Mali which he managed for 2 years. Prior to working in Mali, Dominic was Head of Business Development for the Government of Dubai, and took a leading role interfacing with African Producers for the UAE Government's “Masterplan for Diamonds” and enabling the Kimberley Process in Africa and the Middle East.

Rasmané Kaboré Head of Exploration

Rasmané, a masters graduate in Fundamental and Applied Geology from the University of Ouagadougou in Burkina Faso, has extensive experience gained from roles of increasing seniority in mineral exploration in West Africa. The core of his experience has been in orogenic deposits, managing exploration programmes for gold and base metals. As regional exploration manager for Volta Resources he was instrumental in the discovery and the definition of a number of precious and base metal prospects including the Nassara gold project. Rasmané has attained the level of Master in Mining Project Evaluation from Cespromin, Paris School of Mines and is a member of Anciens Stagiaires du CESMAT. He holds a certificate in Computer Assisted Exploration from CESMAT and a post graduate certificate in statistics and geostatistics from the Centre for Geosciences in Fontainebleau. In addition to his extensive experience in exploration, Rasmané has been involved in mineral resources estimation, mine scoping studies and property evaluation. During his roles as project geologist he has held responsibility for the implementation of QA/QC as well as Health, Safety and Environmental

  • procedures. Rasmané is co-founder and president of the Burkina-e-mine group, dedicated to Burkina Faso mining news

and analysis.

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SLIDE 9

Structure

March 2013 l African Mining & Exploration l Investor Presentation 9

AME Projects

Primary Target

Kossanto 207 sq km Gourbassi Kobokoto Farikounda Koussikoto Kobokoto-est (under renewal)

Additional Licences

Karan 250 sq km Diatissan 16 sq km Donbaleya 78 sq km Daounabee 91 sq km

Pipeline Evaluating Opportunities

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SLIDE 10

Value Drivers

March 2013 l African Mining & Exploration l Investor Presentation 10

Excellent in country team Strong treasury Own RAB and auger rig Strong institutional support Highly prospective portfolio Active resource exploration programme Proven board track record Trading at small premium to cash Excellent in country team

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West Africa: A Premier Gold District

 A Region of Global Significance:

  • >200Moz of gold

discovered

  • Modern mining

codes and legislation

  • Well understood

but under-explored geology

 Mali – At the Heart of the Region:

  • Third largest gold

producer in Africa

  • Birimian

Greenstone

  • > 50Moz

discovered so far

  • Central location for

servicing region

  • Good infrastructure

and services

March 2013 l African Mining & Exploration l Investor Presentation 11

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Our Projects:

Kossanto

March 2013 l African Mining & Exploration l Investor Presentation 12

KOSSANTO

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Kossanto

 207 sq km project located in the highly prospective Kenieba inlier in western Mali, a block of ancient greenstones and granites hosting many significant gold deposits in Mali and Senegal.  5 licences with 3 highly prospective target areas identified:

  • Gourbassi East
  • Gourbassi West
  • Massakama

 100%

  • wned

forming a significant landholding on the main transcurrent shear zone (MTZ).  Extensive historical exploration work and drill data:

  • 2,170 metres RAB scout drilling
  • 5,900 metres RC drilling

 3,136 metre drilling programme executed in December 2012 to define a JORC resource in 2013.

13 March 2013 l African Mining & Exploration l Investor Presentation

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SLIDE 14

Kossanto – Gourbassi East

Massakama Gourbassi West Gourbassi East

March 2013 l African Mining & Exploration l Investor Presentation 14

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Gourbassi East

  • Gourbassi East is characterised by a NNW striking

mineralised zone with significant gold grades located within a body of felsic volcanics (Rhyolite) bounded to the East and West by more mafic units

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  • Gourbassi East is characterised by a NNW striking

mineralised zone with significant gold grades located within a body of felsic volcanics (Rhyolite) bounded to the East and West by more mafic units.

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Gourbassi East

  • Gourbassi East is characterised by a NNW striking

mineralised zone with significant gold grades located within a body of felsic volcanics (Rhyolite) bounded to the East and West by more mafic units Soil Sampling:

  • Originally identified due to anomalous Au-in-soil

geochemical signature;

  • +50 ppb Au contour clearly delineated over an

area of 500 x 600 metres.

March 2013 l African Mining & Exploration l Investor Presentation 16

  • Gourbassi East is characterised by a NNW striking

mineralised zone with significant gold grades located within a body of felsic volcanics (Rhyolite) bounded to the East and West by more mafic units. Soil Sampling:

  • Originally identified due to anomalous Au-in-soil

geochemical signature;

  • +50 ppb Au contour clearly delineated over an

area of 500 x 600 metres

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Gourbassi East

  • Gourbassi East is characterised by a NNW striking

mineralised zone with significant gold grades located within a body of felsic volcanics (Rhyolite) bounded to the East and West by more mafic units. Soil Sampling:

  • Originally identified due to anomalous Au-in-soil

geochemical signature;

  • +50 ppb Au contour clearly delineated over an

area of 500 x 600 metres

Trenching and first pass RC Drilling:

  • Extensive trenching across geochemical anomalies

revealed mineralisation coincident with contact zone

  • Followed up with 1500 m of RC drilling
  • Results confirmed NW-NNW striking ore body with

economic mineralisation

  • Peak trench and RC drill hole grades included:
  • 30m @ 0.56 g/t including 2m @ 3.77 g/t
  • 25m @ 1.11 g/t including 8m @ 2.6 g/t
  • 7m @ 3.1 g/t including 2m 8.3 g/t
  • 22 metres @ 1.59 g/t, including 15 metres @

2.18 g/t

  • Strike length of mineralisation indicated to be 500

metres with a high degree of confidence

March 2013 l African Mining & Exploration l Investor Presentation 17

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Gourbassi East

  • Gourbassi East is characterised by a NNW striking

mineralised zone with significant gold grades located within a body of felsic volcanics (Rhyolite) bounded to the East and West by more mafic units. Geophysics Surveys: Induced Polarisation surveys identify a highly resistive and chargeable anomaly coincident with mineralisation.

  • Suggests IP is an excellent tool for future

prospection.

  • AME’s own ground magnetics survey further

delineates the NNW structure along with cross cutting lineaments.

March 2013 l African Mining & Exploration l Investor Presentation 18

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Gourbassi East

RC Drilling 2012 Based on the results of previous RC drilling, trenches and geophysics, a follow up phase of RC was designed.

  • 28 RC holes were planned and completed for a

total 2246 m

  • Hole depth around 70 m to focus on economic

near surface mineralisation

March 2013 l African Mining & Exploration l Investor Presentation 19

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Gourbassi East

RC Drilling 2012 Based on the results of previous RC drilling, trenches and geophysics, a follow up phase of RC was designed.

  • 28 RC holes were planned and completed for a

total 2246 m

  • Hole depth around 70 m to focus on economic

near surface mineralisation Results exceeded expectations and produced significantly higher grades than previously achieved. Significant RC intercepts included:

  • 75 @ 2.04 g/t, including 11m @ 4.38 and 3m @

15.75 g/t

  • 46m @ 2.16 g/t Au
  • 17m @ 3.86 g/t Au
  • 11m @ 6.16 g/t Au

March 2013 l African Mining & Exploration l Investor Presentation 20

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Gourbassi East

RC Drilling 2012

  • RC confirmed strongly economic mineralisation

at the Gourbassi ‘Main Zone’ over a strike length

  • f 500 m
  • Mineralisation is clearly related to a body of

Rhyolite and provides an excellent exploration target

  • Presence of strong NNW-striking mineralised

structure has been confirmed by coincidence of multiple indicators

  • Structure is open along strike to the south with

16m @ 0.99 g/t intersected to the south of the hill, suggesting an extension of over 200m

  • Multiple parallel IP structures yet to be tested
  • Mineralisation sufficient to warrant the

commissioning of a resource estimation from Wardell Armstrong International

March 2013 l African Mining & Exploration l Investor Presentation 21

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SLIDE 22

March 2013 l African Mining & Exploration l Investor Presentation 22

Structure 3D Model of Mineralised Zone

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Gourbassi East

  • Gourbassi East ‘Main Zone’ has been successively

tested and proven to contain economic mineralisation

  • Focus now on increasing the resource and

discovering new drill targets

  • Current and Short Term Work Activities:
  • Several trenches are currently being completed

across the Main Zone to better understand the mineralised structures

  • Two trenches have been completed to the south of

the hill to trace the continuation of the Main Zone

  • re body
  • Detailed geological and structural mapping of the

Main Zone and surrounding area is ongoing

  • Soil geochemistry and pitting is planned to test the

abundant Randgold soil anomalies

  • Further drilling programme of RC and core holes to

increase quality and size of resource to commence April / May

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Kossanto – Gourbassi West

Massakama Gourbassi West Gourbassi East

March 2013 l African Mining & Exploration l Investor Presentation 24

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Gourbassi West

The Gourbassi West prospect lies approximately 3.7 km WNW of Gourbassi E and appears to be analogous with its clear NNW striking zone of mineralisation associated with felsic volcanic rocks (pillow lavas). Originally identified as requiring follow up work due to anomalous Au values in soil geochemistry.

  • +50ppb Au anomaly clearly visible and trending

NW concurring with regional picture.

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Gourbassi West

The Gourbassi West prospect lies approximately 3.7 km WNW of Gourbassi E and appears to be analogous with its clear NNW striking zone of mineralisation associated with felsic volcanic rocks (pillow lavas). Originally identified as requiring follow up work due to anomalous Au values in soil geochemistry.

  • +50ppb Au anomaly clearly visible and trending

NW concurring with regional picture. Trenching:

  • A trenching program of 872 m was completed

across the geochemical anomalies and revealed significant lengths and continuity of mineralisation.

  • Trenching revealed peak intercepts of
  • 28 metres @ 0.96 g/t
  • 33 metres @ 1.08 g/t
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Gourbassi West

The Gourbassi West prospect lies approximately 3.7 km WNW of Gourbassi E and appears to be analogous with its clear NNW striking zone of mineralisation associated with felsic volcanic rocks (pillow lavas). Geophysics:

  • IP Survey identified a highly anomalous

chargeable structure, which correlates to the NNW trending mineralisation seen in the trenches. RC Drilling:

  • RC drilling, based on the anomalous trench

intercepts and IP structure, was completed over the best trench results and NNW striking chargeability anomaly.

  • 10 RC holes for a total of 1,260m intersected

significant mineralisation and areas of strong alteration and sulphidisation. Drilling revealed peak intercepts of:

  • 17 metres @ 2.05 g/t, including 9m @ 3.06 g/t
  • 6 metres @ 1.8 g/t, including 3m @ 3.01 g/t
  • 9 metres @ 0.79 g/t including 3 metres @ 1.9

g/t

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RC Drilling 2012

  • Based on the results of previous RC drilling,

trenches and geophysics, a follow up phase of RC was designed.

  • A small programme of 10 RC holes were planned

and completed for a total 890 m to increase knowledge and data for this large zone .

  • Significant mineralisation was successfully

intercepted in 9 of the holes, including peak intercepts of:

  • 5 metres @ 2.04 g/t including 1 metres @ 4.3 g/t
  • 11 metres @ 1.51 g/t, including 6m @ 2.27 g/t
  • 5 metres @ 2.24 g/t, including 2m @ 4 g/t
  • 7 metres @ 1.28 g/t
  • 9 metres @ 3.46 g/t Au
  • 21 metres @ 1.8 g/t, including 6m @ 4.32 g/t
  • A mineralised zone with a strike length of over 1

km has now been identified, open along strike to NNW and SSE

  • Mapping and trenching is now under way to

understand the mineralisation and structural controls before more drilling is considered.

Gourbassi West

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Kossanto - Massakama

Massakama Gourbassi West Gourbassi East

March 2013 l African Mining & Exploration l Investor Presentation 29

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Massakama

  • Massakama is characterised by both felsic

volcanics and mafic to felsic intrusions.

  • Mineralisation is associated with quartz veins
  • rientated NNW and along the sheared

contacts between intrusive bodies and the host rock.

  • The area was initially identified by highly

anomalous zones of Au soil geochemical signatures:

  • multiple extensive +50ppb contours
  • recent soil sampling reveals more

concentrated +100 ppb zones

  • Extensive artisanal workings throughout the

area demonstrate high grade recovery from surface to 10m depth.

March 2013 l African Mining & Exploration l Investor Presentation 30

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Massakama Main Zone

  • Work has largely been focused on the Massakama Main Zone

where the most encouraging results have been located.

  • The potential for mineralisation was first indicated an area of

+100 ppb Au-in-soil anomalies where artisanal workings revealed mineralised silicified green rhyolite.

  • AME’s first pass ground magnetic geophysics survey

identified a significant low magnetic anomaly coinciding with the soil geochemical signature. Trenching

  • Trenches were completed over soil geochem anomalies and

proved the presence of in situ gold mineralisation.

  • Significant intercepts included:
  • 22m @ 0.74 g/t, including 1m @ 3.25 g/t
  • 36m @ 0.55 g/t, including 6m @ 1.2 g/t

March 2013 l African Mining & Exploration l Investor Presentation 31

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Massakama Main Zone

RC Drilling

  • RC drilling was completed in 2007, with collar locations

based on previous trench results

  • Anomalous results in the region of a few hundred ppb were

seen throughout, with one ‘bonanza’ hole, MRC08 returning a very high intercept.

  • Drilling has indicated mineralisation is associated with the

partial replacement of gold-bearing pyrite and chalcopyrite within strongly silicified intrusives

  • Significant Intercepts include:
  • 8m @ 18.5 g/t, including 2m @ 43 g/t
  • 8m @ 1.5 g/t, including 1m @ 3.82 g/t
  • 2m @ 15 g/t
  • Thin section analysis suggest a possible skarn-type

mineralisation, different from the typical shear zone hosted gold of the Birimian

March 2013 l African Mining & Exploration l Investor Presentation 32

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Massakama Main Zone

Interpretations

  • Previous work has discovered encouraging gold grades but

the mineralisation at Massakama is still not fully understood

  • Very high grades of up to 8m @ 18.5 g/t warrant thorough

exploration

  • Association between soil geochemical anomalies, in situ

mineralisation and a strong magnetic low seen in the ground magnetic survey indicates an encouraging correlation for the locating of other targets in the Kossanto area Work Program

  • Detailed geological mapping of the Massakama area,

accompanied with re-logging of the RC chips to fully understand the geology of this zone

  • Ground magnetics to locate and trace the structural control
  • n mineralisation
  • 1500m of RC drilling based on the findings of the work

above

March 2013 l African Mining & Exploration l Investor Presentation 33

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SLIDE 34

Pipeline

Exploration:  Strong potential to locate new targets in the existing Kossanto area due to an identified correlation between soil geochemical anomalies, in situ mineralisation and a strong magnetic low seen in the ground magnetic survey  Additional portfolio opportunities in South and West Mali: Diatissan - 16 sq km with trench results of up to 8.34 g/t; Donbaleya - 78 sq km; Daounabere - 91 sq km Ongoing Review of Opportunities:  Evaluating additional opportunities to expand portfolio and geographical focus Favourable Strategic Options Firmly Within Company’s Control:  In house skills to develop from exploration to mine  Earn-in  Joint venture  Strategic alliance partner  Monetize

March 2013 l African Mining & Exploration l Investor Presentation 37

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SLIDE 35

Why Invest?

 Recent 3,136m drilling programme completed in at flagship Kossanto Project confirmed gold mineralisation and reported significant intercepts – intention to establish a maiden JORC resource in 2013  Highly prospective portfolio of gold assets in western Mali which offer near-term value uplift potential through exploration and resource delineation  Effective yet low cost model for exploration and corporate costs  Strong treasury and institutional support  Targeted growth plan – evaluating additional exploration opportunities  Experienced Board and in country team with proven experience of developing world class resource projects globally  Strong news flow will continue for 2013

March 2013 l African Mining & Exploration l Investor Presentation 38

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SLIDE 36

Contact: CEO Mark Jones African Mining and Exploration PLC 2nd Floor 3 Shepherd Street London W1J 7HL T +44 (0) 20 7499 5881 E: info@ameplc.co.uk

March 2013 l African Mining & Exploration l Investor Presentation 39