1. Solutions and Funding models for AMD Eddie Milne Chief Financial Officer – Mintails Limited

4. South African Economy GDP - $390.9billion 20% of GDP derived from Mining 50% of this 20% is directly contributed Employs more than 1 million people Largest contributor to BEE / BBBEE in the country GDP by Sector Agriculture 2.5% Industry (incl. Mining) 31.6% Service Sector 65.9%

5. Total Bill for treating AMD Best Estimate R40billion Current Treatment Solutions (short/intermediate term): CAPEX R700mil OPEX R209mil per annum Estimated costs over 10 years R2.84 per cubic meter of water treated What is missing? Cost to store by-product R4.74 per cubic meter Total Cost R7.58 per cubic meter over a 10 year window

6. TailingsReefBarren Tailings AMD Low grade high volume – ±1/3 g Au/Ton High grade low volume – ±10 g Au/Ton Blended at Mill AMD Neutralized Gold Extracted Jobs Created Revenue Generated Consolidated Megadump Paste Backfill to Void Neutralized as Outcome Void Closed Out and Land Rehabilitated Life of Mine Extended to Remove Dumps Industrial Process Water Closure Mining as a Model