Investor Presentaiton

NEITI Nigeria Extractive Industries Transparency Initiative THE PRESIDENCY Issuances of Licenses (2020-2021) The details of licenses issued for the year 2020 ~ 2021 Exploration Licence (EL) 2020 2021 516 840 Mining Lease (ML) 12 40 Quarry Lease (QL) 185 255 598 Small Scale Mining Lease (SSML) 771 171 Reconnaissance Permit (RP) 139 Total 1,482 2,045 @NigeriaEITI www.neiti.gov.ng Increase of 85% in number of artisanal minerals operators to 2,336 across the country No commensurate data in production, royalty payments, exports, etc. to support this increase in operators.

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