INVESTMENT PROPOSALTIN & TANTALUM MINING IN DR CONGO

Prepared for : INVESTORS By : Danny & Royston Dated : 1st Aprl 2016 Mobile No : +65 97852426

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FORM OF TIN MINING INVESTMENT

• Forms of Investment:1. Business Cooperation by importing own mining equipments, machineries and operating expenditures.2. Joint Venture with concession owner.3. 75% foreign owned, 25% domestic owned.4. USD 10 Million (ROI 2 Years) , all permits, taxes inclusive. * Average costs usd250/MT of mineral ore ship out from mining site to MSC FOR smelting to pure tin ingots of 99.99% , expenses will be offset from ingots sales. * LME tin ingots price = USD17,000/MT ( as of april 2016 ).

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Democratic Republic Of The Congo Overview : Quick facts

Population : 73,599,190 Density : 32.5 / km2 ( 84.1 / mi2) Language : French Independence Year : 1960 Capital : Kinshasa Currency : Congolese Franc GDP : 32,962,261,156 (2014

data) GDP per Capita : 448 (2014

data) Land Area : 2,267,048 km2

(875,312 mi2) Water Area : 77,810 km2

(30,043 mi2)

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Democratic Republic Of The Congo shares land borders with 9 countries: Angola, Zambia, Congo, Rwanda, Tanzania, Sudan, Burudi, Uganda, Central African Republic.

Besides the capital, Kinshasa, the other major cities, Lubumbashi and Mbuji-Mayi, are both mining communities extremely rich in natural resources. DR Congo's largest export is raw minerals, with China accepting over 50% of DRC's exports in 2014

80-95% of the population is Christian, making the Congo the most Christian nation in Africa Indigenous beliefs account for 2-10% of the population, followed by Islam at 1.5-10%.

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RankCountry/Region tin production(tonnes)

World Tin Production 2014 296,000

1 China 125,0002 Indonesia 84,0003 Peru 23,7004 Bolivia 18,0005 Brazil 12,0006 Myanmar 11,0007 Australia 6,1008 Vietnam 5,4009 Malaysia 3,50010 Congo, the Democratic Republic ( Reported Figures) 3,00011 Rwanda 2,00012 Laos 80013 Russia 60014 Nigeria 50015 Thailand 20016  Other countries 100

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World Tin Producing Country

World mine production of tin, 2014. Six countries China, Indonesia, Peru, Bolivia, Brazil, and Burma mine about 90 percent of the world's tin.

Most tin is produced from an ore (raw rocky mineral) called cassiterite, which is turned into tin by smelting. First, the ore is crushed to a powder and washed free of impurities before being heated with carbon (in the form of coal) and limestone in a giant furnace. Other metals, such as iron, copper and zinc separate out. Molten tin sinks to the bottom of the furnace and is shaped into solid blocks known as ingots. Like most other metals, tin can also be separated or purified using electrolysis (an electrical-chemical process that works in the opposite way to a battery).

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World Tantalum Producing Country The Democratic Republic of Congo is

one of the world’s biggest tantalum producers, and the metal is just a small part of the country’s valuable mineral resources. National Geographic estimated that Congo produces up to 50 percent of the world’s tantalum.

1. Rwanda Production: 250 tons 2. Congo Production: 180 tons 3. Brazil Production: 98 tons 4. Mozambique Production: 85 tons 5. China Production: 60 tons 6. Nigeria Production: 60 tons 7. Ethiopia Production: 40 tons 8. Burundi Production 14 tons

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Tin & Tantalum Prices

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Declining World Tin Mine Production (2016 est.) Predicted supply gap

growing in the global tin market.

Projected production of refined tin by 2016 of 338,444 tonnes against a demand curve topping out at 360,990 tonnes.

supply shortfall of more than 22,000 tonnes.

Only seven out of 157 known tin projects had any realistic chance of getting into production by 2020.

“This is fuelling corporate activity in the sector as opportunities exist for tin producers that can deliver tin assets of scale – a rare commodity,”

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Our Products – Tin & Tantalum Deposit In DR Congo

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INVESTMENT PROPOSAL

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i) Objective of Proposal Purpose : Specifically seeking for aggressive funded

trial blazing company to invest into this “Not to be missed opportunity in DR Congo”.

With 23 permits over a concession area equal to the size of malaysia, we need more hands to help ramp-up our target output from current 3500MT to 15,000MT by year 2021. Investment offer for 75% equity :-

Usd 10mil - monthly output 100 x 12mths (1200MT x 60% pure ingots), projected output per year.

Raw tin ore process to pure ingots projected output per year (720MT X USD17,000/MT = USD 12.24million)

Sales Revenue–Expenditures (12.24 mil – 6,689,160) Nett Revenue before profit sharing = USD5,550,840 Foreign Investor 5,550,840 x 75% (USD 4,163,130) Concession Owner 5,550,840 x 25% (USD 1,387,710) Foreign Investor’s ROIC = 41.63% per annum base on

60 MT monthly or 720MT yearly of pure ingots.

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ii) About Company Vision

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Identify sustainable mineral development and improving the standard of living for the peoples in DR Congo

Our Mission : To facilitate minerals investment opportunities in DR Congo

WPC Noble Pte Ltd Strategic Partners and Customers: WPC Noble secured MOU with MMR Mining Mineral Resources SPRL (MMR) is a private limited liability company incorporated and domiciled in D. R. Congo in 2008 as per Congolese Laws with an objective of becoming one of the leading players in tin. MMR has operations situated at multiple locations in the interiors mainly in the province of Katanga. With an objective of expanding its tin activities, Company has entered into joint venture arrangements with two Government owned companies and one privately owned company for exploration and mining of tin minerals. MMR has also established joint venture with Malaysian Smelting Corporation of Malaysia for Tin Smelting facility at Lubumbashi for production of tin metal with 99% purity.

MMR has concentrated its efforts in exploration and mining of Tin minerals with an objective of becoming one of the leading players in tin, gold, tantalum & niobium in the industry. As part of its diversification plan, Company has secured permits to explore Gold Mineral. It has already commenced exploration activities for its Gold project at Lunga. Over past 5 years, MMR has focused very closely on production strategy whereby it provides artisanal miners with technical support to enable them to mine more productively and safely on a more sustainable basis; quartz vein, small pegmatite’s and secondary deposits.(Current model). It has a vision of developing mines where geology is suitable; most likely deeply weathered pegmatite and large alluvial deposits. (future growth driver). It has several prestigious mines under its portfolio which are at different developmental stages. In short span of time, company has achieved production of over 3,500t of tin concentrates annually for past 3 years producing and exporting over 3,500t of tin concentrates It has eventual plan of setting up process plants. Group intends to achieve production of 15,000t of tin metal in next 5-7 years.

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iii) Products and Solutions

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ProductsThe project concession has a Probable resource of 2.8 million tonnes grading 1% tin for 28,000 tonnes of tin ore concentrate with its Definitive Feasibility Study suggesting a mine life of 25 years at a recovery rate of 60% purity grade.

Using a London Metals Exchange average of US$17,000 per tonne, it has an estimated NPV of US$285.6 million and an Internal Rate of Return of 39.96%.

SolutionsGlobal demand for the metal used in solder and packaging will reach about 361,000 tons in 2016.

Sales of consumer electronics will rise 4 percent to $1.1 trillion this year, according to GfK Digital World and the Arlington, Virginia-based Consumer Electronics Association. A mobile phone contains about 0.7 gram of tin and a tablet computer as much as 3 grams.

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iv) Business Model The pilot plant operation set-up will take 4 months to start and was expected to generate yearly production of between 1200 tonnes of tin in concentrate for Capex plan of USD10 mil investment. Our development strategy is to fully mechanise the operation, construct commercial scale facilities and expand the processing capacity to 250 tonnes per hour of material. Operations would likely be ramped up to full-scale production within one-year period invested in modern technology to ensure higher-grade recoveries. An offtake agreement in place with our JV company for this product. BTG Practual would be buying our products, immediately and generating early cash flow for the company.

v) Sales Pipeline (US$M)

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iv) Financial Projections SNAPSHOT OF INVESTMENT FINANCIALS

The workings and Capex plan for USD 10 million given here are based on assumptions that the yearly production will be 1200 MT of Tin Ore

The production output shares to the investors will be as follows:-

o When the LME of Tin is between USD 14,450 /MT and USD 19,999/MT

Tin Production quantity ‐ 75% shares to Investors o When the LME of Tin is above USD 20,000 /MT Tin Production quantity ‐ 70% shares to Investors Payback period on an estimated investment of USD

10 Million and on the sharing ratios as indicated :- o When LME is USD 14,500 30 Months o When LME is USD 15,500 28 Months o When LME is USD 16,500 26 Months o When LME is USD 17,500 24 Months o When LME is USD 18,500 22 Months o When LME is USD 19,500 20 Months o When LME is USD 20,500 18 Months

Please see the indicative workings of Capex planned and also the financial summary for @ LME of USD 17,000/MT

Capex plan USD 10 million (target output) Total Tin Produced/estimated 100 MT /month Total Revenue USD 1,700,000 / Month Total Processing Costs (39.5%) USD 671,500 / Mth Total Export Costs (1.5%) USD 25,000 / Month Total Other Costs (13.65%) USD 232,050 / Month Net Contribution (45.35%) USD 770,950 / Month Share to Investor @ 75% (Nett 34%) USD

578,212.50 / Month (USD6,938,550 / Year) Share to Concession Owner @ 25% (Nett 11.35%)

USD 192,737.50 / Month (USD2,312,850 / Year) Return On Investment Capital (ROIC)

gross 5.78% per month, 69.385% income per year before expenses.

Investment payback period : 24 months (including 6.5 months set-up period).

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 Investment Capital Amount Requirements (USD10 Million)

 

 $18,608,160 100%  

Sl.Nos. Description . CIF DAR COST up to Site VAT COST Total Amount Excluding VAT

ABCDEF

HEMM BudgetMining InfrastructurePlant BudgetPlant InfrastructureGeneral InfrastructureProcessing Plant

$2,068,655$ 175,765$1,102,740 $1,093,605$ 697,790$1,800,000

$2,608,716$ 213,254$1,573,190$1,460,735$ 788,985$2,160,000

$144,373$ 8,914$ 95,730$117,510$ 29,212$144,000

$2,464,343$ 204,340$1,477,460$1,343,226$ 759,773$2,016,000

$6,938,555 $8,804,880 $1,866,325 $509,740 $8,295,140

G

HIJ

Erection & CommissioningCharges ( 180 days )

Working CapitalStaff ArrivalExplorationSub-Total

Grand Total

1$216,000

$660,480$120,000$120,000$1,116,480

$8,055,035

100%

$8,804,880 $509,740

$216,000

$660,480 $120,000 $120,000 $1,116,480

$9,411,620

v) Exit Strategy

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Types of Exit Strategies:•Private sale for debt, cash, and/or equity to the management team – Often through a leveraged management buyout or management buyout.

•Partial liquidation or sales of the assets.

•Marketing to a financial buyer – To a private equity group or a venture capital organization, either to be reconstituted and merged with one of their portfolio firms.

•Merger or acquisition (M&A) – Organization from other parts of the world could buy the venture.

•Initial public offering (IPO) – This has been for long regarded the benchmark for venture-backed deals.

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THANK YOU