Corporate Presentation November 2018 l DISCLAIMER This - PowerPoint PPT Presentation

Corporate Presentation November 2018 l

DISCLAIMER This presentation is made on behalf of Alba Mineral Resources PLC (“the Company”) . This presentation does not constitute an admission document relating to the Company nor does it constitute or form part of any offer or invitation to purchase or subscribe for, or any solicitation of any such offer to purchase or subscribe for, any securities in the Company nor shall this presentation or any part of it, or the fact of its distribution form the basis of or be relied on in connection with, any contract therefor. No reliance may be placed by any person for any purpose whatsoever on the information or opinions contained in this presentation or on the completeness, accuracy or fairness thereof. No representation or warranty, express or implied, is given by or on behalf of the Company, its shareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in this presentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud). This presentation does not constitute a recommendation regarding any decision to sell or buy securities in the Company. If any person is in doubt as to the contents of this presentation, or wishes to obtain advice as to the investment merits of the Company’s securities, he should seek independent advice from a person who is an authorised financial services provider. All statements (other than statements of historical fact) included within this presentation, including without limitation, the strategies, plans, expectations and objectives of the Company, and the markets and economies in which it operates, are forward-looking statements. A variety of factors could cause the actual results and expectation to differ materially from the anticipated results or other expectations expressed in the forward-looking statements. These statements are illustrative only and do not amount to any representation that they will be achieved as they involved risks and uncertainties and relate to events and depend upon circumstances which may or may not occur in the future and there can be no guarantee of future performance. Without prejudice to the generality of the foregoing, forward-looking statements in this presentation may include (but are not limited to) reserve and resource estimates and targets and production rates which involve an assessment, based on certain estimates and assumptions, by the companies in which the Company has invested or the operators of projects in which the Company has invested (together “investee companies”) . There are numerous uncertainties inherent in estimating quantities of reserves and resources and in projecting future rates and volumes of production and the timing and quantum of development expenditures. The total amount, rate or timing of actual future production may vary from reserve, resource and production estimates, projections and targets. Those forward- looking statements represent the internal projections, estimates or beliefs of those investee companies and their advisers and have not been independently verified by the Company. This presentation is not for distribution in, nor does it constitute an offer of securities for sale in, any jurisdiction where such distribution or offer is unlawful. The distribution of this presentation in some jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about and observe any such restrictions. 1

COMPETENT PERSONS Competent Person’s Statement (Mining) The information contained in this presentation in relation to the Company’s mining projects has been reviewed and approved by Howard Baker, Technical Director of Alba Mineral Resources Plc. Mr Baker is a Chartered Professional Fellow of the Australasian Institute of Mining and Metallurgy (Membership Number 224239) and a Competent Person as defined by the rules of International Reporting Codes that are aligned with CRIRSCO. Howard Baker has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration targets, Exploration Results, Mineral Resources and Ore Reserves’, also known as the JORC Code. The JORC code is a national reporting organisation that is aligned with CRIRSCO. Competent Person’s Statement (Oil & Gas) The technical information contained in this presentation in relation to the Company’s oil & gas investments has been reviewed and approved by Feroz Sultan (B.Sc (Hons) Geology, M.Sc, Petroleum and Structural Geology, Karachi and M.Sc Petroleum Geology, Imperial College London), a petroleum geologist with over 45 years' experience in the management, exploration, development and production of oil and gas. 2

OUR STRATEGY Alba has built a portfolio of strategic assets and investments in stable, low-risk jurisdictions to create a compelling investment opportunity  Diversification : a diversified portfolio, giving investors exposure to a range of mining assets and oil & gas investments  Production : targeting projects with a production profile: Expected short to medium-term oil production returns (Brockham, Horse Hill)  Medium-term mining opportunities in high value commodities with:  A proven production history (Amitsoq, Clogau)  Significant upside potential (Inglefield Land, Thule, Limerick)  Stability : Identifying and pursuing opportunities in low-risk, resources-friendly jurisdictions (UK,  Ireland, Greenland) Market Share Price AIM 0.35p* Symbol ALBA Market Cap £11.4mil** *12 Nov 2018 **Includes placing shares due 3 for admission on 26 Nov 2018

WHY ALBA? In the mining sector, Alba has identified and secured: Majority stakes in high-grade projects:  Amitsoq – amongst the highest grades of any graphite project globally (+28% TGC)  Clogau – historically produced from very high grade veins (10s-100s oz/t gold)  Thule Black Sands – high-grade ilmenite at/near surface (up to 14.9%) Brownfield sites with considerable exploration upside:  Amitsoq – previously producing mine – with a new graphite discovery made by Alba  Clogau – largest gold producer in UK history – extensions to mineralisation recently identified by Alba Strategic positions in highly prospective regions:  Limerick – strategic land-holding in major zinc province  Inglefield – prime land-holding with identified copper porphyry potential  Thule Black Sands – all remaining coastline secured in new emerging global ilmenite province, along strike from Dundas major ilmenite deposit  Clogau – the majority of the highly prospective Dolgellau Gold Belt is under licence to Alba with ~300 known gold occurrences 4

WHY ALBA? In the oil & gas sector, Alba has built significant minority positions in key strategic UK oil assets  The second largest shareholder in the Operator of the Horse Hill Oil Discovery – targeting production in 2019  A direct licence holder in the Brockham Oil Field – awaiting start of long-term production testing Alba’s investors thereby have exposure to:  High quality strategic mining assets with near-term production potential and serious exploration upside  High quality strategic oil assets in the fast-developing UK onshore oil sector – with expected near- term production revenues 5

ALBA’S BOARD OF DIRECTORS An experienced Board and management team with strong track records in both the mining and oil & gas sectors George Frangeskides Over 25 years’ experience in the natural resources, corporate advisory  and legal sectors in the UK and Australia Executive Chairman Natural resources sector experience encompasses project generation and  project finance in Europe, Africa and Australia and Board positions in AIM, ASX and TSX-listed companies Extensive network of contacts across the mineral exploration and  investment sectors in the UK, Asia-Pacific, North America, Middle East and Far East regions Mike Nott Geologist and mining engineer with over 40 years’ experience in oil and  Non-Executive Director gas, mining, minerals and quarrying Held senior positions at Pioneer Aggregates (UK) Limited, Jay Minerals  Services Limited and Hills Aggregates Limited, ARC (Southern) Limited, C White Limited Currently a director of Red Rock Resources plc (AIM) and Magyar Mining  Over 30 years' experience in international broking and investment  Manuel Lamboley banking Non-Executive Director Previously Head of the Geneva office of Williams de Bröe as well as  holding senior positions at Bank Julius Bär, Kidder Peabody, Paine Webber International and Prudential-Bache Securities Previously non-executive director of several listed mining companies  6