Acquisition of Khoemacau

30 Kalahari Copper Belt overview Overview • Kalahari Copper Belt is a major copper-silver region more than 1,000km in length and 180 to 240km wide • Consists of a deformed package of metasedimentary and metavolcanic rocks along the northwest margin of the Kalahari Craton • Zone 5 deposit is the largest discovery to date on the belt showing a Mineral Resource of 93Mt @ 2.0% Cu and 21g/t Ag • Discovery and successful development of Zone 5 fundamentally changed interest in the potential of this Belt Khoemacau is located within a highly prospective area of the copper belt with a large land package and significant potential to expand • Recent greenfields exploration, albeit modest in scale, has delivered multiple new discoveries for Khoemacau Kalahari Copper Belt Khoemacau licence area & surrounding licences Motheo Copper Mine Khoemacau Copper Mining Maun WE Pan-African Mobile Belt Congo Craton Zambia Zimbabwe Mozambique Gaborone Maun SOUTH AFRICA Damara Belt Namibia Khalari Copper Belt Botswana sharone Zimbabwe Craton Limpopo Belt Kapsvaal Craton Swaziland 0 km 500 22'S Lesotho South Africa 50km NAMIBIA 20's Khoemacau Resource 450Mt @ 1.4% Cu & 18g/t Ag I BOTSWANA Cobre - Ngami Copper Project T23 Prospect Sehithwa Ghanzi Kara Dome Prospect Korong Dome Tau Dome Prospect Prospect Prospect Ghanzi West Group 23"E Maun Zone 5 Deposit Resource 93Mt 2.0% Cu & 21g/t Virgo Prospects ARC Minerals 75% / ENRG 25% A1 Dome T2 Prospect Motheo Copper Mine (T3) Resource 53Mt @ 0.9% Cu & 13g/t Ag A4 Copper-Silver Deposit 10Mt @ 1.4 % Cu & 21g/t Ag Khoemacau Prospects Khoemacau Licences Cobre Licences ENRG elements Prospects ENRG elements Licences Kalahari Metals Licences Sandfire Prospects Sandfire Licences - Central Structural Corridor - Structural Corridor ■Regional Town M MMG

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