Investor Presentaiton

• Namibia MARENICA ENERGY LIMITED 72200'S Usakos Namibia is a world-class uranium province with an established uranium mining industry Marenica is the largest tenement holder for uranium in Namibia Tenements upstream of known calcrete hosted palaeochannel deposits Target mineralisation is calcrete hosted shallow palaeochannels, ideally suited for the application of U-pgrade™ 61 Mlb resource at Marenica Uranium Project beneficiates to ~5,000 ppm via U-pgrade TM process Cape Cross Mile 72 Area MILE 72 EPL 3308 EPL 7508 Marenica Area Henties Bay MARENICA URANIUM PROJECT MDRL 3287 Trekkopje ORANO Orano Desalination Plant Atlantic Ocean 25 kilometres Orano Desalination SWAKOPMUND Pipeline Alaskite Alley EPL 7368 andis Rossing CNUC Etango BANNE MAN WALVIS BAY (Port) Tubas (DYL) International Tumas 3 (DYL) Airport Husab CGNPCAKOP NAMIBIA NAMIBIA WANDHOEK Langer Hein PALADIN Area Tumas 2 (DYL) Tumas 1 (DYL) Tur as Et (DYL) EPL 6663 EPL 7279 KOPPIE EPL 6987 EPL 7436 Mine Prospect Active EPL EPL Application 14°30'E Namib Area EPL 7662 EPL 7278 Aussinanis (DYL) 15°00'E 15°30'E 22°30'S 23°30'S

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