Two thirds of the earth’s surface is water… The rest we can process! Two thirds of the earths surface is water… The rest we can process!

Two thirds of the earth’s surface is water… The rest we can process! MDM ENGINEERING IS… o A process engineering and project management company with a 22-year track record o Staffed by skilled professionals with experience in some 16 countries o Africa Focused o Listed on the London Stock Exchange (AIM)

Two thirds of the earth’s surface is water… The rest we can process! MDM’S COMMITMENT TO HEALTH & SAFETY o Total commitment to safety o “ZERO TOLERANCE” to fatalities, LTI’s and recordable incidents o Managing H,S & E is a critical business activity o 6,747,138 fatality free hours in 3 years o 5 lost time injuries in 3 years

Two thirds of the earth’s surface is water… The rest we can process! WHAT WE’VE DONE o The MDM team has over 22 years of operational experience and have been responsible for: 54 Bankable feasibility studies completed → Over 96% of BFS went on to receive third party financing Constructed 52 metallurgical plants → All producing above design capacity Executed projects in 16 countries worldwide → African focused Worked with a cross section of minerals

Two thirds of the earth’s surface is water… The rest we can process! WHAT DO WE DO o Project Evaluation through Scoping Studies Pre-Feasibility Studies Bankable Feasibility Studies o Design - Metallurgical process development and specialised process engineering and design of metallurgical plants o Construction - Construction and commissioning of plants and associated infrastructure o Project Management - Total Project Execution

Two thirds of the earth’s surface is water… The rest we can process! o Manage medium to large size mining projects on an international basis o Focused on Gold Uranium Base Metals – including copper, nickel, zinc and tin Ferro Metals – including manganese and ferrochrome Platinum Industrial Minerals Coal Diamonds

Two thirds of the earth’s surface is water… The rest we can process! HOW WE DO IT o Interactive in-house design, costing and planning with client input o Focused on technical innovation, lateral thinking and attention to detail - creating economic value for our clients o Maintain a close working relationship with clients o Transparent and open book contracting (EPCM) with agreed: Capital Cost Contingencies Fees Cost-Plus Structure Savings shared on an agreed basis

Two thirds of the earth’s surface is water… The rest we can process! MDM – FAST TRACK APPROACH o MDM works closely with clients to develop schedules by: incorporating initial design phase period starting construction whilst design continues – this will result in some minimal equipment changes due to a ‘fast track’ approach o Built 200K TPM gold & 100TPM uranium plant in 23 months (including design) May 2007 – April 2009 o Built 650K & 1.3M TPM gold and uranium tailings retreatment plant in 21 months (including design) April 2008 – January 2010

Two thirds of the earth’s surface is water… The rest we can process! EZULWINI PLANT – BEFORE & AFTER The Beginning Commissioned – 23 months 12 months

Two thirds of the earth’s surface is water… The rest we can process! WHAT WE DO IT WITH - INTELLECTUAL CAPITAL o Over 150 staff comprising: Process Design Drawing Office Project Management Construction Commissioning Commercial o 22 years of technical and financial database on past projects

Two thirds of the earth’s surface is water… The rest we can process! PROJECT FOCUS – OVER LAST 3 YEARS o Built 2.4M TPA gold plant o Built 1.2M TPA uranium hard rock plant o Built 650K TPM gold tailings treatment plant o Built 1.3M TPM uranium tailings treatment plant Flotation

Two thirds of the earth’s surface is water… The rest we can process! FEASIBILITY STUDIES – OVER LAST 3 YEARS o 2 copper and copper/cobalt studies (BFS & DFS) o 7 uranium studies (PFS & BFS/DFS) o 3 gold studies (BFS) o 2 manganese studies (PFS & BFS) o 2 coal studies (PFS & DFS) o 1 platinum study (BFS) High grade material in core

Two thirds of the earth’s surface is water… The rest we can process! WHY MDM ENGINEERING o Significant experience and track record within team o Lessons learnt in challenging logistical environments o Team internationally recognised for well engineered and technically superior plants o Sound financial position o MDM Engineering will deliver on time and on budget

Two thirds of the earth’s surface is water… The rest we can process! Thank You MDM staff induction artwork The MDM team