1. Metmar Tin Play
February 2013

2. Metmar Tin Portfolio Alphamin Resources (Congo)
Metmar holds 9,935,000 shares in Alphamin (+-8.8%)
Alphamin shares in issue - 103,444,571
Options in issue - 4,150,000
Warrants in issue - 5,100,000
Kivu Resources (Rwanda)
Metmar is a 32.4% shareholder in Kivu Resources
Kivu Resources is the controlling shareholder in Gatumba Mining Concessions (GMC), which has exploitation rights to 3 concessions in Rwanda.
Somima (Congo)
Metmar has an exclusive 3 year tin offtake agreement with Somima

3. Bisie Project Location
Alphamin Resources
 Bisie Project Location
5 permits covering 1,470 square kilometers
MPC has full legal title
Tenements 100% owned by MPC
AFM recently acquired 100% of MPC
Force majeure lifted on PR5266 which contains Bisie deposit
Source: Alphamin Resources

4. Alphamin Resources (cont)
Bisie Tin Project
Discovered in 2004
High grade tin mineralisation
Ridge transgresses PR 5266 for more than 9km
Mined extensively by artisanal miners to 80m below surface
Unique style of mineralisation which includes high grade tin, copper, zinc, lead, silver and rare earth minerals
Targeting >500,000 tonnes of tin metal
Source: Alphamin Resources

5. Alphamin Resources (cont)
 Bisie Drilling Results
Alphamin recently completed a 2,406m drilling programme (Stage 1) to test the true width and grades of tin mineralisation at both target areas. Best results included:
2.26% Sn from 47.65m including 8.55% Sn
2.21% Sn from 53m including 6.27% Sn
3.15% Sn from 53m & 6.14% Sn from 80m
1.48% Sn from 71m including 5.76% Sn
Source: Alphamin Resources

6. Alphamin Resources (cont)
 Bisie Drilling Results
Copper and rare earth element (Cerium and Lanthanum) mineralisation is commonly associated with the tin rich zone. Significant results included:
1.01% Cu from 67m including 2.15% Cu
0.77% Cu from 53m including 1.67% Cu
0.1% Ce from 162m
Drilling further identified a zone rich in silver, zinc and lead mineralisation. Best results included:
197g/t Ag
% Zn including 18.08% Zn
% Pb
Source: Alphamin Resources

7. Kivu Resources Gatumba Mining Concessions (GMC) Location
GMC holds three concessions in Rwanda:
Gatumba South ha (SnO2, Ta2O5-Nb2O5)
Rugendebari ha (SnO2, Ta2O5-Nb2O5, WO)
Bijyojyo ha (SnO2, Ta2O5-Nb2O5)
Source: GMC

8. Kivu Resources (cont) GMC Exploration Activities
Extensive drilling program undertaken during 2009
9,860 meters of reverse circulation drilling
Primary focus area Gatumba South concession
JORC/SAMREC compliant resource on Gatumba South (only one area of Gatumba South concession has been drilled)
Source: GMC

9. Kivu Resources (cont) GMC Work Programme
GMC recently re-capitalised with USD 7.4 million
All creditors settled
Plant and Machinery purchased:
Earth moving & drilling
Crushing, screening & gravitation
Ancillary
100 tpm expected in H2 2013
Source: GMC

10. Somima Somima Location
Somima is in the process of applying for 9 concessions encompassing tin, tantalum, tungsten, gold, copper, etc.
Mining activity on these concessions dates back to the 1950’s
Somima recently re-commenced mining activities
Somima is iTSCi registered. Await iTSCi export mechanism (bagging
operation)
Metmar will market Somima's tin globally on an exclusive basis
Kivu Province (Alphamin)
Maniema Province (Somima)
Katanga Province (Manono)
Source: Somima

11. Tin Price Evolution Supply and Demand
Tin has the lowest annual production of the base metals (+-360,000 tons compared to 20 million tons of aluminum)
Global demand is expected to rise to an all time high of 366,000 tons in 2012 & is expected to rise 3-4% in 2013
Source: Alphamin Resources

12. World Tin Mine Production
Asian countries dominate production, very few developed world tin miners
Source: ITRI/Greenfields Research

13. World Tin Mine Production (cont)
Asian mining in decline, replaced by developed world production
Source: ITRI/Greenfields Research

14. Main Changes in Mine Production
Forecast change from 2010 – 2015, tpy
Source: ITRI

15. Larger Undeveloped Tin Resources
***No mention of Central African Tin Belt (DRC, Rwanda)***
***Highest reported grade 2.0% Sn, average 1.2% Sn***
Source: ITRI

16. Consumption, Application & Mining Methods
Source: ITRI

17. Why Metmar likes a Central African Tin Play?
Lowest cost quartile tin production
Subject to final drill results from Alphamin, Bisie expected to be a high grade open pit mining operation
Positive demand / supply fundamentals
Decreasing yields and grades on existing deposits
No major new high grade discoveries
LME traded commodity with less investment fund manipulation
Smallest volume of base metals traded on LME (380,000 tpa)
Demand/Supply fundamentals prominent pricing factor on LME
Minimal consumer manipulation
Consumer manipulation significantly more difficult as compared to bulk traded commodities (e.g. chrome, manganese, iron ore, etc.) due to Metal Exchange pricing (KLTM and LME)

18. Questions? Further information contact: Sean Naylor
Tel: +27 (0)
Disclaimer:
This presentation contains forward-looking statements about the company’s operations and financial conditions. They are based on Metmar Limited’s best estimates and information at the time of writing. They are nonetheless subject to significant uncertainties and contingencies many of which are beyond the control of the company. Unanticipated events will occur and actual future events may differ materially from current expectations due to new business opportunities, changes in priorities by the company or its joint ventures as well as other factors. Any of these factors may materially affect the company’s future business activities and its ongoing financial results.