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Investor Presentaiton

AuEq. Best Drill Intercept at Anagulu (AuEq x m) in Africa Context ALPHA EXPLORATION 100 10 0.1 1 0.01 1 AuEq(g/t) = Cn(g/t) x 72=1 Cn ($/g) Au($/g) Calculated in June 2020 Tshukudu Kasombo (Fe Ltd) Prieska (Sandfire) (Orion) Makoko (Ivanhoe) Kabolela (Bankers Cobalt) Kilembe (Jervois) Eureka (Xtract) Kamoa-Kakula Ivanhoe • Democratic Republic of Congo Boumadine (Maya Gold) ⚫ Morocco Anagulu (Alpha) ⚫ Botswana ⚫South Africa Zambia ⚫ Uganda → Namibia • Cote d'Ivore ⚫Angola ◆ Eritrea ⚫ Mauritania Fold & Thrust (Nzuri) Hagenhof (Tanga) T3 Dablo (Pegasus) Zamsort (Arc Minerals) (MOD) Akjoujt South (Ore Corp) 10 Interval 100 Kunene (Namibia Critical) Africa drilling results: porphyry and non-porphyry projects, all project stages (exploration, resource definition, mining), only Cu and Au results are used in the conversion to a Au Equivalent of 3.37 x 49m (AuEq x metres). All results are from January 2018 - May 2020 Special Report powered by opaxe.com 5 See Disclaimer & Compliance Warning on slide 35 for this compilation by Alpha from the Opaxe Report
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