Corporate Presentation November 2018 l DISCLAIMER This - - PowerPoint PPT Presentation

Corporate Presentation November 2018

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DISCLAIMER

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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.

COMPETENT PERSONS

2 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.

OUR STRATEGY

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 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 AIM Share Price 0.35p* Symbol ALBA Market Cap £11.4mil**

*12 Nov 2018 **Includes placing shares due for admission on 26 Nov 2018

Alba has built a portfolio of strategic assets and investments in stable, low-risk jurisdictions to create a compelling investment opportunity

WHY ALBA?

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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

WHY ALBA?

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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

ALBA’S BOARD OF DIRECTORS

6  Geologist and mining engineer with over 40 years’ experience in oil and 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 George Frangeskides Executive Chairman  Over 30 years' experience in international broking and investment banking  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 Manuel Lamboley Non-Executive Director Mike Nott Non-Executive Director  Over 25 years’ experience in the natural resources, corporate advisory and legal sectors in the UK and Australia  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

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contacts across the mineral exploration and investment sectors in the UK, Asia-Pacific, North America, Middle East and Far East regions

An experienced Board and management team with strong track records in both the mining and oil & gas sectors

ALBA’S MANAGEMENT & TECHNICAL TEAM

3 Howard Baker Technical Director (Mining)  Geologist with over 20 years’ experience covering multiple commodities from early stage exploration through to definitive feasibility studies  Managing Director at Baker Geological Services Ltd and associate consultant at SRK, HATCH and TECT  Previously Principal Consultant and Practice Leader at SRK Consulting (UK) Ltd  Previously worked for Rio Tinto, BHP Billiton, Iluka Resources, WMC and Anaconda Nickel  Chartered Accountant with over 10 years’ experience in Industry as a Financial Accountant and Analyst  Trained and qualified at PwC after a Masters Degree in Mechanical Engineering  Previously worked at Jaguar Land Rover, CBRE, and Anglo American (Tarmac) Sarah Potter Head of Finance Feroz Sultan Technical Director (Oil & Gas)  Petroleum geologist with over 40 years of diverse experience in the management, exploration, development and production of oil and gas  Has managed both onshore and offshore oil and gas field developments, including

• ver six years as CEO/Director of Petro Ventures International, a company active in

establishing offshore gas fields  Previously COO/Technical Director of Grove Energy (AIM and TSX-V) which merged with Stratic Energy Sue Corrigan Technical Adviser (Oil & Gas)  Geologist and Geoscientist with 40 years' industry experience  Extensive experience of reservoir evaluation in the UK Continental Shelf and the UK Southern Gas Basin, Norway, Algeria, Venezuela, Uganda, Kenya, sub-Saharan Africa and West Africa (offshore Ghana)  Now an independent consultant, she spent over six years at Tullow Oil plc, the FTSE 250 independent oil and gas exploration and production company, including 4 years as Principal Geoscientist. Previously at Shell and Amoco 7

ALBA’S OPERATIONS

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Horse Hill Brockham Clogau: Gold Thule: Ilmenite Amitsoq: Graphite Inglefield: Polymetallic Melville Bay: Iron Ore Limerick: Base Metals

Greenland

Mining Oil & Gas

Our principal operations span the UK, Ireland and Greenland

HORSE HILL OIL PROJECT

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Alba is the second largest shareholder in Horse Hill Developments Limited (“HHDL”), the

• perator and 65% owner of the Horse Hill oil project, with an effective 11.765% project interest

 Located in the Weald Basin in South East England  HH-1 well drilled in 2014, flow tested in 2016  2018 Extended Well Test (“EWT”) underway  Consultants Xodus reported that, following completion of the Portland EWT, the single HH-1 well “sees” a connected Portland

• il in place (“OIP”) of approximately 7-11 million barrels*

 Following completion of Portland test sequence, HHDL declared Portland reservoir commercially viable in Oct 2018

*NB: The above estimated OIP hydrocarbon volumes should not be construed as recoverable resources or reserves and also should not be construed in any way to reflect potential producibility of hydrocarbons from the formations evaluated. **NB: There can be no guarantee that forecast, targeted or calculated rates of production or oil recoveries will be

• achieved. Actual rates of production and recoveries will depend upon actual reservoir performance over time.

Oil & Gas

Horse Hill Licences, PEDLs 137 & 246 (yellow)

 Initial results from Kimmeridge Limestone 3 ("KL3") EWT: KL3 flowed 40-41° API continuously to surface without any pump

• ver 50-hour initial planned period**

HORSE HILL ACCUMULATION

10 Oil & Gas Oil & Gas

 Extends over an area of 2000 acres at Portland Sandstone Level  Well defined by vintage seismic lines with two discoveries: Collendean Farm-1,drilled by Esso in 1964 Horse Hill-1,drilled in 2014 and successfully tested in Jurassic Portland Sandstone and Kimmeridge Limestones 3 and 4 zones  Portland Sandstone Estimated P50 STOIP: 32 MMSTB*†  Kimmeridge Shale: Unconventional STOIP for Limestones and Shales estimated at 10 Billion Barrels**†

STOIP = Stock Tank Oil In Place MMSTB = Million Stock Tank Barrels * Xodus CPR, Feb 2017 ** Schlumberger, August 2015. †The above estimated OIP hydrocarbon volumes should not be construed as recoverable resources or reserves and also should not be construed in any way to reflect potential producibility of hydrocarbons from the formations evaluated

Portland Sandstone Structure Map (Xodus, 2017)

HORSE HILL: PORTLAND EWT RESULTS

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Portland Sandstone EWT results:  Portland declared commercially viable by Operator following testing  Portland’s first new horizontal production well, HH-2, planned to spud in early 2019 following completion of the Kimmeridge Limestone 4 (“KL4”) EWT  HH-2 horizontal well has targeted sustainable daily Portland production rate of two to three times the forecast potential HH-1 vertical well rate of 362 barrels of oil ("bopd")†*  Operator has submitted outline production scoping report to Surrey County Council (SCC), which envisages development of a total of six wells and assumes a maximum daily rate of around 3,500 bopd*

615m (Portland) 2,704 m total well depth

† Forecast potential HH-1 vertical rate per preliminary analysis by HHDL’s Independent oil consultants Xodus Group ("Xodus") of flow and pressure data indicating that, subject to successful further HH-1 Portland vertical well optimisation, the well is capable of achieving a forecast initial 24/7 pumped rate of an estimated 362 barrels of oil ("bopd") * There can be no guarantee that forecast, targeted or calculated rates of production or oil recoveries will be achieved. Actual rates of production and recoveries will depend upon actual reservoir performance over time.

840m (KL4) 900m (KL3) HH-1

The EWTs are targeting both the Portland and the Kimmeridge reservoirs

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0m (surface)

HORSE HILL: KIMMERIDGE LIMESTONES

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Kimmeridge Limestone 2 (“KL3”) EWT, preliminary results*:  KL3 flowed 40-41° API continuously and naturally to surface over a 50 hour initial planned

• il flow period

 Recorded sustained rates significantly exceed the 464 bopd over a short (7.5 hours) total flow period reported in 2016†  Initial well productivity index of between 1.4 to 2.5 bpd/psi is around twice that seen in 2016 KL3 test  Pressure data from KL3 and KL4 indicates that they are in pressure communication and in all likelihood part of a single accumulation  KL4, which flowed at a reported rate of 901 bopd over a 4-hour period in 2016, will be flow tested after completion of the current KL3 EWT.

615m (Portland) 2,704 m total well depth

* There can be no guarantee that forecast, targeted or calculated rates of production or oil recoveries will be achieved. Actual rates of production and recoveries will depend upon actual reservoir performance over time. † Preliminary results achieved during the well "clean up“ phase. Alba awaits from the Operator the final reservoir information in order to ascertain the sustained deliverability of the KL3 and KL4 reservoirs.

840m (KL4) 900m (KL3) HH-1

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0m (surface)

OIL PRICES ON THE RISE

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Brent Crude price

From a low of $30 in early 2016, oil prices have risen to over $80, coinciding with the declaration of commerciality at the Horse Hill/Portland oil reservoir

$58 18 Oct 17 EWT Planning permission $81 18 Oct 18 Portland Commerciality $76 27 Jun 18 EWT commences $42 21 Mar 16 initial flow test results $64 29 Nov 17 Alba holding up to 18.1% Oil & Gas

HORSE HILL TIMELINE

150-day Extended Well Test (EWT) HH-1 Operations Commenced 27 June 2018 To confirm that HH-1’s reservoirs are each connected to a commercially viable oil volume Portland 30-40 days COMPLETED KL3 30-40 days IN PROGRESS KL4 30-40 days New Drilling Programme HH-2 Subject to EWT results, HH-2 well planned as a future Portland producer, with planned spud early 2019 New Drilling Programme HH-1z HH-1z Kimmeridge side-track spud planned for 2019 following modelling based on HH-1 production data Production Planning Application To produce oil from HH-1, HH-1z and HH-2 plus two further water injection wells Declaration of Commercial Viability Portland OCTOBER 2018 DECLARED Kimmeridge declaration (also subject to EWT results) following programme completion and analysis of data

2018 2019

Operator’s Target for First Permanent Oil Production

Oil & Gas 14

Site Facilities Upgrade

BROCKHAM OIL FIELD

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Alba is the direct owner of 5% of Production Licence PL235, the previously producing Brockham oil field

 Located north of Horse Hill, the field was in production until 2016 from well BRX2Y  Well BRX4Z drilled in Jan 2017 to evaluate potential extension of Horse Hill Kimmeridge reservoirs into Brockham licence  Well BRX4Z provides a substantial section through the Kimmeridge formation  Electric logs indicate similar reservoir properties to Horse Hill Kimmeridge section  Testing programme has been developed to cover all the thicker limestones and the intervening rich organic clays  OGA and planning approvals are in place to begin production from the Kimmeridge layers for well BRX4Z  Initial test production expected from a 200 metre naturally fractured section of a 385 metre thick Kimmeridge interbedded shale and limestone layer

Weald Basin, Surrey

Oil & Gas

BROCKHAM OIL FIELD

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The preliminary results from the Brockham X4Z well, drilled in Q1 2017 to evaluate the Portland, Kimmeridge and Corallian formations, confirmed similar reservoir properties to those reported at Horse Hill.  A thick 385m TVD gross Kimmeridge shale with limestone intervals section  3 limestone intervals  ~250m with higher organic content  Higher organic content in the mid section; above, between and below the limestones  Multiple fractured sections in both limestones and shales Logging Results BRX4Z Kimmeridge

(Source: Angus Energy March 2017)

Oil & Gas

CLOGAU GOLD PROJECT

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 Licence area includes a number of highly prospective gold targets and the historic Clogau-St David’s gold mine  Former mine produced over 80,000 oz of the estimated 130,000 oz extracted from the Dolgellau Gold Belt area  Recent field work results show gold anomalies along full strike length of mine area, plus new gold targets Why Clogau?  Excellent potential to find unworked veins using modern geological techniques  High-grade pockets, historically hosting bonanza grades running from 10’s to 100’s oz/t Au  Over 300 known gold occurrences on the 107km² licence, covering most of the Dolgellau Gold Belt (see left, blue dots)  Area is considered very under-explored  Both near-mine and regional targets identified by Alba  Welsh gold attracts a significant premium over gold spot prices  Unique connection of Clogau gold to the UK Royal family

Alba owns 90% of the Clogau Gold Project, including the historic Clogau-St David’s gold mine

Mining

CLOGAU: MINE REDEVELOPMENT

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 Free gold located in quartz veining with existing development following the host Clogau shale/quartz vein network  Control survey network and scanning commenced to enable modern mapping and 3D geological modelling  Baseline environmental studies underway – an essential part of the permitting process for reopening the mine

Cross-section of Clogau mine showing significant UG development in place

Alba’s twin objectives: To re-open the historic, high-grade Clogau St David’s Gold Mine…

Mining

CLOGAU: 2018 REGIONAL EXPLORATION

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…while at the same time making a concerted push into the regional exploration of the Dolgellau Gold Belt

 Alba undertaking the first systematic regional exploration campaign in the Dolgellau Gold Belt since the first gold discovery there in 1853  Soil sampling and geophysical surveys completed over the mine area, confirming:  Gold anomalies occurring across the full strike length of the existing mine area  Anomalous values detected away from the main mine area - new gold targets  Ongoing work includes:  Detailed analysis of geochemical results to determine any pathfinder elements  Project-specific geochemical model under development  Further and more extensive soil sampling across other identified targets including regional gold targets

Pictures from the recent soil sampling programme

Mining

CLOGAU: 2018 EXPLORATION RESULTS

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Magnetic Surveying Results (Total Magnetic Intensity TMI) Soil Sampling Results

 Higher gold values noted in areas with fewer identified mine workings  Dashed red area represents an area warranting further exploration  Highest grade result away from mine workings  Magnetic survey delineates extent of formation  Provides info on potential gold bearing formations

Mining

LIMERICK BASE METALS

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Prospecting Licence 3824 (PL3824) covers an area

• f 17.04 km2 in Co. Limerick, located within a major

zinc-lead district  Licence recently renewed until May 2020  PL3824 underlain by favourable geology  Irish Ore Field a major source of zinc production since the 1960s  Home to some of Europe’s largest zinc projects - Navan (Tara) zinc-lead mine (Boliden), Pallas Green deposit (Glencore) and past producing Lisheen mine (Vedanta) and Galmoy mine (Lundin Mining)  Group Eleven currently drilling at Stonepark zinc- lead project to the north of Alba’s licence

Alba’s licence shown in red (above), surrounded by other licence holders

Mining

LIMERICK DRILL TARGETS

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 Five diamond drillholes (1 by Alba, 4 by Teck) completed on the licence. Zinc-lead mineralisation intersected in hole TC-3824- 003 but the licence is considered underexplored  Lithogeochemical sampling, VLF and gravity ground geophysical surveys were also conducted by Teck during the previous JV period  Infill microgravity and geochemical soil sampling programme completed by Alba during Q4 2016 to further test the potential

• f PL3824

 New drill targets now based on a review of the previous studies and the 2016 microgravity and geochemical soil sampling programme (shown right in red)

Targets (red) superimposed on the geology of PL 3824 along with the five historic drillhole locations. Licence area shown by shading.

Mining

SIGNIFICANT GREENLAND MINING PORTFOLIO

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Thule: Ilmenite (TiO2) Heavy mineral sands on active and raised beaches Amitsoq: Graphite Former high-grade graphite mine, plus new mainland discovery Inglefield: Polymetallic Numerous targets in critical resources Melville Bay: Iron Ore Existing JORC resource, targeting high- grade haematite A strong portfolio of Greenlandic mining assets in a range of high-value commodities

Mining

GREENLAND: OVERVIEW

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 Autonomous country with self-rule since 1979, but also a constituent country within Kingdom of Denmark  Supportive authorities committed to resource extraction  Mining Code

• verseen

by Mineral Licensing and Safety Authority (MLSA)  Established local mining economy: logistics, training, services  Advanced mining projects including rare earths, zinc-lead, ilmenite, anorthosite, gold and rubies

Alba Field Programme 2016

A mining-friendly jurisdiction with a large number of advanced mining projects

Mining

THULE BLACK SANDS (TBS)

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 “Black” mineral sands rich in ilmenite, a source of titanium dioxide  2017 sampling: Total Heavy Mineral content of 46.7% average with an in-situ ilmenite content of 10%  2018 Field programme: drilling, bulk sampling, reconnaissance and environmental surveying  Airport and deep water harbour, local calm, sheltered bays on licence  Adjacent to Dundas Project with a JORC Resource of 96Mt at 6.9% ilmenite

Other Uses Inks Fibres Rubber Food Cosmetics Pharmaceuticals Titanium Used as an alloy in Aerospace Military Industrial Pigments Principal feedstock for pigment production for: Paints Coatings Plastics “Global TiO2 Market expected to reach $28.5 billion by 2025”

Grand View Research Nov 2017

Alba Licences 2017/29 (384km²) and 2017/39 (158km²)

Why Titanium dioxide?

A high-grade ilmenite project on the coastline of north-west Greenland

Mining

TBS: INFRASTRUCTURE

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 Close to a deep-water port  International airport at Thule Air Base operated by the United States Air Force to the south-east  Qaanaaq domestic airport to the north  Multiple calm, sheltered bays identified along the licence  Possible suitable infrastructure locations

Sheltered bays identified on licence (above) Thule Air Base Qaanaaq Airport Qaanaaq: Population >600

Mining

Existing local infrastructure to support exploration and exploitation

Alba licence shown as red polygon (above)

TBS: 2017 FIELD WORK

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 Extensive auger sampling and analysis – all samples showed ilmenite-bearing sands  Aerial and orthophotography generated a digital terrain model (below right)  Shows extensive areas of sedimentary deposition across the entire licence

Alba’s Exploration Licence 2017/29 (384 km²) in red

Composite ID THM% Ilmenite % of THM In-situ Ilmenite % 1 34.2 16.6 5.7 2 54.0 24.3 13.1 3 43.7 20.2 8.8 4 42.8 18.7 8.0 5 48.7 15.7 7.6 6 51.3 29.0 14.9 7 48.9 19.5 9.5 Weighted Average 46.7 20.9 10.0

Raised Beach Terrace s

 Assay results showed high-grade Total Heavy Mineral and in-situ ilmenite content (table below left)

Mining

TBS: 2018 FIELD WORK

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 Extensive reconnaissance mapping and drilling  Refined zones of interest extend across a total mineralised strike length of approximately 10km  Three tonnes of bulk samples collected across three material types for future metallurgical test work  Independent Competent Person site visit completed, to enable resource estimation assessment following test results  First year’s environmental baseline studies completed, including extensive collection of samples of flora and fauna High-Grade Raised Terrace Mineralisation

Raised Beach Terraces

Drilling locations (shaded rectangles) Active beach & raised terraces (left); bulk sample collection (right)

Mining

Extensive active and raised beaches

AMITSOQ: HIGH-GRADE GRAPHITE

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 Former graphite mine on Amitsoq island, with graphite grading up to ~28% TGC (exceptionally high)  Alba’s new graphite discovery on the mainland, Kalaaq, is grading ~25% TGC on average  Alba’s metallurgical testwork has confirmed the ability to produce a marketable grade concentrate (~97%)  Southern Greenland: excellent infrastructure and ice-free waters  Drill locations have been determined and drill pads were cleared this season - Project is now drill-ready

Lithium-ion batteries Critical resource for battery metals sector Major shift towards Electric Vehicles driving demand Traditional uses Steel manufacture Refractory bricks Brake linings Fire retardants Plastic reinforcement Modern uses Fuel cells Graphene Nuclear reactors Aluminium anodes “Global graphite Market expected to reach $18 billion by 2020” Why Graphite? EU and USA have named graphite a mineral in critical supply

An exceptionally high-grade graphite deposit and former mine on the tip of southern Greenland

(Emerald Insight)

Mining

AMITSOQ: MILESTONES

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Testwork shows exceptional grades at Amitsoq deposit of ~ 28% total graphitic carbon (“TGC”)

2015

Further geochemistry shows high-grade graphite with low detrimental elements Bulk sampling completed along 48.5m strike length Airborne electromagnetic and magnetic survey completed, identifies several new faults, numerous anomalies and potential strike length of 12km

2016 2017

Metallurgical work confirms Amitsoq to be amongst highest-grade graphite in world with +99% recovery Field work identifies multiple new graphite beds – the Kalaaq mainland discovery with multiple thick graphite layers for at least 460m - and two approx. 1000m graphite beds in the Amitsoq mine area Testwork shows Kalaaq discovery has high grades ~ 25% Drill locations finalised, construction of drill pads completed – Project drill ready

2018

Mining

AMITSOQ: FUTURE PLANS

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 Structural and Resource drilling using the geological interpretation

• f

graphite

• ccurrences from structural mapping and sampling programmes to date (see below)

 Scoping study:

• 3D conceptual geological model/grade-tonnage estimate
• Scoping level Mining Study and Technical Economic Model

 Underground mine scanning Kalaaq Amitsoq Conceptual Interpretation of Kalaaq graphite layers, based on structural mapping, to aid drill planning Conceptual Interpretation of Amitsoq graphite layers, based on structural mapping, to aid drill planning

Mining

INGLEFIELD: POLYMETALLIC POTENTIAL

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 Extensive exploration by previous operators and GEUS, with extensive surface sampling reporting cobalt, copper, gold, vanadium and nickel  Numerous targets in a suite of high-value minerals and metals  Includes critical resources in the battery metals sector  Potential for copper-zinc volcanogenic massive sulphide (VMS) deposits

High-priority targets at Inglefield Land

2018 maiden field programme results:  Identified mineralisation confirms Inglefield Land copper-gold potential with an assemblage akin to porphyry copper/iron

• xide-copper-gold (“IOCG”) style deposits

 Polymetallic gold-copper-silver mineralisation identified at the Kap Agassiz/Bear Island target  Soil sample polymetallic gold-copper-silver-molybdenum mineralisation identified at the Four-Finger target

Copper (malachite) mineralisation at Kap Aggaziz, 2018

Significant multi-element potential in this recognised minerals-rich region

Mining

INGLEFIELD: POLYMETALLIC POTENTIAL

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 Polymetallic gold-copper-silver mineralisation identified at Kap Agassiz/Bear Island target  Soil sample polymetallic gold-copper-silver-molybdenum mineralisation identified at the Four-Finger target

Targeting large-scale, porphyry copper/iron oxide-copper-gold (“IOCG”) style deposits

Mining

Kap Agassiz/Bear Island (left): 0.65 g/t gold, 1.65% copper, 18.6 g/t silver Four Finger Lake (left): 0.36 g/t gold, 0.18% copper, 13.35 g/t silver, 0.11% molybdenum

MELVILLE BAY: IRON ORE

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 51% owned by Alba, joint funded  Located within the same geological belt (the Committee Belt) as ArcelorMittal/Nunavut Mary River Iron Ore Project (reported M&I resources of >350Mt at 64% Fe)  Previous licence holder undertook:

• reconnaissance geochemical sampling
• high-resolution magnetic survey
• drilling programme

 Maiden inferred resource of 67 Mt @ 31.4% Fe  Previous drilling at Haematite Nunatak confirmed mineralisation mainly composed

• f

haematite (including 48.7m @ 39.61% Fe with 0.6m @ 68.18% Fe)  Data analysis programme scheduled in advance of exploration  Alba targeting high-grade haematite

Magnetite rich banded iron formation (left), Core samples from Melville Bay (right)

A drilled iron ore project in north-west Greenland with a JORC resource and significant high-grade haematite potential

Mining

IN SUMMARY

Clogau Quartz with Visible Gold

 Horse Hill (oil): successful extended well test programme close to completion – full-scale production targeted for 2019  Brockham (oil): proven oil field – awaiting start of production testing  Clogau (gold): high-grade gold mine with significant regional exploration upside  Thule Black Sands (ilmenite): high-grade project in an emerging mineral sands province  Amitsoq (graphite): high-grade former mine twinned with new mainland graphite discovery  Inglefield (polymetallic): numerous targets in high-value minerals and metals

Alba is targeting strategic, high-value assets with short to medium-term production potential in low-risk jurisdictions

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CONTACTS

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Alba Mineral Resources plc George Frangeskides Executive Chairman

Tel: 0207 264 4366 Email: info@albamineralresources.com www.albamineralresources.com @AlbaMinerals

Yellow Jersey PR Tim Thompson

Tel: 0203 735 8825 Email: alba@yellowjerseypr.com

First Equity Limited Jason Robertson

Tel: 020 7374 2212 Email: jasonrobertson@firstequitylimited.com