Incept Holdings LTD. Report No - Mining and...

INCEPT HOLDINGS LTD.

REPORT NO.1 A diversified, global resource company with the entrepreneurial vision of a technology firm. The

company has a low-risk philosophy backed by its vastly diversified asset base. Its technology-

focused business model reinforces the company’s position as a major participant in the global

resources and renewable energy market and sets Incept apart from other resource companies

currently in operation.

Incept Holdings Limited

Hong Kong Company 2244964

Room 804 Admiralty Centre

Tower I

18 Harcourt Road

Hong Kong

www.inceptholdings.com.au

Listing Partner:

Aspen Ageny Limited

Unit 1010, 10/F Miramar Tower

132 Nathan Road

Kowloon, Hong Kong

[email protected]

Issued Shares: 960.000.000

Incept Holding Ltd.

Research Report No.1

Dezember 2015

http://www.inceptholdings.com.au/

mailto:[email protected]

INCEPT HOLDINGS LTD. REPORT NO.1

We would like to introduce our latest client. Incept Holdings Limited, Australia. Incept Holdings Limited (“Incept”) is a diversified, global resource

company with the entrepreneurial vision of a technology firm. The company has a low-risk philosophy backed by its vastly diversified asset base. Its

technology-focused business model reinforces the company’s position as a major participant in the global resources and renewable energy market and

sets Incept apart from other resource companies currently in operation.

Incept was founded in 2009 by current Executive Director Ms Silvana DeCianni and Chief Executive Officer Dr Jaydeep Biswas. Their focus was to service

the flourishing commodities demand growth markets – a direction which continues to be a pivotal part of the Company’s strategic approach today.

While Incept has not shifted its fundamental focus on growth markets, within six years, it has transformed from dealing in resource commodities into a

diversified global asset group. During this time, the company has strategically positioned itself to exploit global demand – a feat few companies can

achieve in three decades.

Incept’s early focus was resource commodities, particularly iron ore and coal and has grown to embrace one of the most important emerging green

technologies in the world, T-Steel. This evolution quickly delivered new assets into the fold in the form of hedging commodities such as gold and silver,

along with high-value ancillary projects including carbon emission reduction technologies, principally Clean Coal Conversion and CO² separation

technology.

In the past year, Incept has continued to rapidly redefine itself, moving beyond the duality of a mining production and IP development company. It has

emerged as a truly diversified global company, incorporating new and exciting projects into its asset base in the areas of carbon, property and agricultural

resources.

Incept continues to develop with an aggressive growth strategy moving forward with a solid foundation, diversified project base, expansive market

opportunities and a clear direction

This message from the UN’s Intergovernmental Panel on Climate Change new major climate change report; ’The world must take radical steps to combat

climate change, and begin right away – if it does, the cost of a greener, healthier future will be surprisingly small. However, if the world wishes to avoid

ecological catastrophe, it will probably need new technologies that suck carbon dioxide out of the atmosphere and bury it underground’.

Incept is a technology led resources, industrial technology, clean energy and carbon company. With the combination providing a carbon fund that has

now given Incept a solid foundation to further develop the business, complementing a number of the targets outlined in the UN report, such as:

Strategies to reduce the carbon intensities of fossil fuels

Economic incentives for afforestation, sustainable forest management and reductions deforestation

Futuristic clean energy technologies such as water to hydrogen, cold fusion, wireless electricity transmission, perpetual engines, and carbon

dioxide separation


The Company has achieved success through diversity in acquisitions, identifying worldwide opportunities and seeking out next generation technology.

In building this diversified, risk-managed portfolio, Incept’s green technology holdings are significant in terms of both the future revenue and

revolutionary potential.

Incept is primary evolving into a private equity model. This model will ensure that the growth of Incept’s is managed with low risk strategies, this proven

business model, centers on eight fundamental pillars:

Servicing High Growth, Emerging Markets

Incept has a demand-driven focus: emerging economies are essential to building the Company’s diverse and dynamic asset base. Incept has positioned

itself, and its assets, to satisfy the strong resource demand from the world’s major urbanisation growth markets: China, India, Southeast Asia, the Middle

East and Eastern Europe. In particular, Incept’s strategy is to capitalise on the coal, iron ore resources and energy markets in developing countries, which

will be achieved through:

Capitalising on expansive commodity and product demand from India and China using a technology-led resources strategy

Securing high value assets and projects in Africa, Eastern Europe, India, Australia and South East Asia

Partnering with strategically located mines and businesses to service growth markets

Diversification

Incept’s strategic approach is backed by its investment in diverse assets around the world to ensure exposure to the best projects, creating value and

generating revenue for shareholders. Incept’s strategic investment aims to achieve diversified returns and is also designed to reduce risk:

Focusing on disruptive technology for operational, cost and business advantage

Continuing to leverage geographic scope and diversification of operations

Capitalising on strategic investments throughout its portfolio

Investing in high value, market-ready projects

Carbon natural focused business


Disruptive Innovation

Incept is focused on acquiring technologies that will substantially alter the resources industry by changing end-user demand and costs. This will be

achieved by identifying inefficient industries, or ones with high cost structures and introducing the company’s revolutionary technologies to disrupt the

lifecycle of the product. This strategy is widely known as disruptive innovation, or disruptive technology, and refers to an innovation that helps create a

new market and value network, eventually changing an existing market and value network by displacing an earlier technology.

Incept’s revolutionary T-Steel Clean Coal Conversion and carbon-efficient technologies such as water to hydrogen and work in cold fusion are examples

of disruptive innovations and are therefore key to the success of the Company.

Industrial Technologies

T-Steel is a unique steel technology proven to be significantly stronger than regular steel and cheaper to manufacture. Incept owns 45 per cent of the

IP for T-Steel has full management control and retains a number of experts involved in its original development. Incept is also in the final stages of

acquiring ‘Corex’, a new type of steel that has high usability strength (up to 300 per cent), is corrosion resistant, less expensive to manufacture, and

energy saving. Depending on the type of Corex produced, average specific cost savings are in excess of 20-30 per cent and total energy savings up to 50

per cent. Major process steps in steel making are made redundant with the use of a nano-technology additive in a simple steel mill. This is a new grade

of steel which reduces significantly the weight required for the same end-use product. Clean coal conversion technology is a process that utilises poor

quality coals for the production of Activated Coal Water Fuel (ACWF) and low cost hydrogen enriched Syngas, with the resulting products offering a

long-term, cheaper, alternative to fossil fuels, and resulting in an attractive fuel for the power generation industry.

Incept has acquired the majority interest in Green Gum Technologies, a patented rubber technology process that provides solid margins in converting

waste rubber tyres into fine and superfine granules. This technology uses low energy consumption and an environmentally friendly recycling process,

with the resulting products used in a variety of industries.

Clean Energy

Incept’s strategy captures governments around the world whom are committed to increasing energy output by renewable sources. As such, Incept is

working to ensure renewable energy is an integral and growing part in the company’s business model. Incept has acquired Carbony, a cost-effective

CO2 and gas separation technology. The emission of the environmentally damaging nitrogen compounds, sulphur dioxide, dust and heavy metals are

substantially reduced or eliminated. Carbony is expected to have a major impact on in heavy manufacturing and power generation industries. Incept is

focused on commercialising its future technologies; conversion of seawater to hydrogen fuel and potable water in sunlight, cold fusion, perpetual

engines and wireless electricity transmission. This addresses the central issues in the recent Climate Change Report.


Carbon

Incept Carbon has an agreement with a carbon credit developer with the immediate provision of 200 million verified carbon credits and another 200

million credits per annum into perpetuity.

Mining Operations

Incept is engaged with global mining projects and opportunities in coal, iron ore, and other commodities. The key to Incept’s success has been its ability

to secure the supply chain of raw materials used in the steel making process, including high quality (63%+ Fe) iron ore. This enables effective delivery

of T-Steel to the Chinese and Indian markets through lower costs of production. Incept’s strategy is to work in partnership, often in developing countries,

to identify surface mines that meet the following key screening criteria:

By identifying mines that are geographically diverse with assets close to end-users, where possible, vertical integration to create a business hedge with

internal revenues and annuity streams such as mining services, Incept protects itself against the adverse effects of commodity cycles.

Agriculture

Incept Agriculture Resources has built a unique strategy to establish a complete fully integrated beef protein supply chain in Central and Northern

Australia (Gateway to Asia) that meets the needs of the rapidly growing Asian markets. China has recently announced its desire for a further one million

of Australia’s clean green grass fed and organic cattle forcing demand to overshadow supply. Incept Resources is in the final stages of securing some

unique water rights for its operations, and believes without doubt one of the best business opportunities in the coming decades is in agriculture and

water for global food security.

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Incepts Global Projects

Technology

Incept Holdings Limited technology-focused business model reinforces Incept’s position as a major participant in the global clean energy, resources and

commodity sectors establishing Incept as a global innovative market leader of the future with its unique technologies.

T-Steel

T-Steel technology results in higher usability and yield strength steels with measurable energy and emissions savings. T-Steel technology involves special

enhancements to the manufacturing process, including the additions of certain appropriate standard alloys where required. The technology process

involves certain exactly defined parameters, micro-alloying technologies, and other ancillary operations, which are used during the manufacturing

process. T-Steel has higher strength and significantly improved mechanical parameters compared to conventional steel products, including higher

usability strength and higher yield strength. Measurable savings in energy requirements and emissions are also available in most T-Steel types, meaning

using the T-Steel manufacturing technology can decrease the carbon footprint produced by the worldwide steel manufacturing industry.

T-Steel is a generic code name for premium grade special steels produced in a Central European steel plant from the mid 1970s–2004. Some products

were produced, for example, as special orders for certain clients who specified exact parameters and quality controls. The quality of the produced steel

was required to be comparable or better than the comparable equivalent grade US or German manufactured steels. For the commercial applications

the specifications were equal to or higher than the highest grade of standards steel types.

In very general terms, the technology involves the enhancements to the actual manufacturing process, including the additions of certain appropriate

standard alloys, where required. The process relies in part on exactly defined parameters during the manufacturing process, which were derived at as

a result of over thirty years of testing during the actual manufacturing process rather than laboratory tests. It is important to note that the product

testing and development involved continuous manufacturing runs in commercial quantities until the desired quality was reached. Research and

development in this manner would be financially impossible today under the current conditions.

Corex Steel

Corex-Steels are a revolutionary new type of steel which are high strength, air-corrosion resistant, less expensive and energy saving. Introducing the

revolutionary Corex-Steel™ a new type of high strength steel, which is based on the steel-making know-how, and invention of HenrikGiflo and

HenrikGiflo, Jr. It produces high strength, air-corrosion resistant, less expensive, energy-saving specific steels with the added environmental benefits of

reduced CO2 and dust emissions. The firm’s breakthrough in metallurgy radically lessens the current specific energy levels required for production,

which will address and alleviate current CO2 emission issues that plague the steel industry.


Clean Coal

Clean coal conversion technology enables brown coal to be used as a high quality feedstock replacement

Incept Interecotech Pty Ltd (“AI”) has been formed to acquire and commercialise technology specialising in the manufacture and combustion of

Activated Coal Water Fuel (“ACWF”) from low ranking black and brown coal which can be used as a high quality, low cost feedstock replacement for

energy producers of coal water slurry (“CWS”), pulverized coal and heavy industrial oils. AI currently holds currently holds a trademark over the ACWF

name and patent application for this know-how and process is currently being prepared for lodgment.

In addition to this, AI has patented (currently only in Russia) a new and unique coal gasification method from a specialized feedstock known as Uniform

Activated Coal Water Fuel (“UACWF”), Integrated Coal Slurry Gasification Combined Cycle (“ICSGCC”) technology, which will revolutionize the

production of synthetic gas (“Syngas”) and electricity.

AI is a joint venture (“JV”) company between Incept’s subsidiary, Incept Energy Technologies Pty Ltd (“AET”) and Interecotech Pty Ltd (“IET”), which has

resulted in AET retaining a 75% stake in the JV and strengthen the company’s intellectual property (“IP”) portfolio.

Depending on the type of Corex-Steel™, average specific cost savings in excess of 20–30%, as well as weight savings up to 300%, will be realised by end

users who replace conventional steel with Corex-Steel™. In addition to major energy savings, Corex-Steel™ significantly reduce CO2 and dust emissions

as a result of significantly lower specific energy requirements during production. The total combined energy savings from manufacturing to product use

exceed up to 50%. Corex-Steels have been in use for decades in various classified applications and have been successfully tested.

Although many lightweight and specialty steels exist, the Corex-Steel™ developed over the past decades has no true competitor. The reason Corex-

Steel™ has no true competitor is due to the technology being based on a complex metallurgical theory whilst other steel producers focus on improving

equipment to increase the quality of steel. Corex-Steel™ technology is based on the strengthening mechanism combination of the metal lattice structure

and has a lot of room for further advancement to ensure Corex-Steel™ stays well ahead of its closest competitors.


Clean Energy

Incept considers renewable energy is essential to the world’s future economic growth and prosperity in a carbon-constrained world and to helping

lower global carbon emissions through its strong portfolio of intellectual property.

CARBONY

Carbony is a CO2 and gas separation technology, which was acquired by Incept and includes a patented method for the technology and equipment

required for the separation of gas mixtures to their various components. Carbony is a CO2 reduction technology aimed at high emission and potentially

high polluting industries

While the theory is not new, the main issue surrounding similar processes has always concerned the physical implementation and the energy

requirements. During a normal combustion of fossil fuels, such as coal, oil, gas, and wood (for energy production) the combustion process releases

emissions into the air in the form of flue gas. Flue gas, which is toxic when untreated, occurs in every combustion process and predominantly consists

of watervapour, carbon dioxide, sulphur, dust particles, and nitrogen compounds.

The technology of ‘clean emissions’, i.e. removing CO2 and the reduction or complete elimination of other substances such as sulphur compounds from

the emitted gases, has always proved a complex and difficult challenge due to the physical implementation of the technology and the energy

requirements, which are generally substantial. However, the technology acquired by Incept has found a cost effective way of completing this process.

If the fuel being used in the power plant is enriched with pure oxygen and then the flue gas replaces the nitrogen content of the air, the ratio of the

CO2 can then increase to well above 80%. If a process is then introduced within the conventional power plant the water vapour is condensed and the

remaining carbon dioxide will be in an almost pure form enabling it to be processed for transport and storage.

Using this method, which is based on an energy-efficient and modular system to separate out the nitrogen, no extra energy is required for the process

in order to separate and filter out the CO2 from the flue gas. The process does consume a part of the total amount of energy produced by the generating

plant, but once the process has started the ongoing process becomes self-sufficient.

One of the main advantages of this technology is that the emission of the environmentally damaging nitrogen compounds are substantially reduced or

completely eliminated. These nitrogen compounds form the largest percentage of the emissions produced in the power generation process. The system

also provides a method of filtering out sulphur dioxide, dust and heavy metal particles.

The technology is expected to have a major impact on the emission of CO2 and other gases in the energy industries and in heavy manufacturing.

The CO2 and gas separation technology fits within Incept’s renewable energy policy to provide carbon credits for Incept, and will allow the company to

take advantage of an important and emerging market.


GREEN GUM

Green Gum technology processes scrap rubber to manufacture rubber granules to be used in the rubber, paints and plastics industries

Green Gum technologies is an investment with significant potential. The Green Gum process uses scrap rubber to manufacture rubber granules of flour-

like consistency. This technology uses a low energy consumption and environmentally friendly recycling process, and makes it possible to greatly increase

the clean utilisation of scrapped rubber tyres. The resulting granule products are used as expensive industrial base materials, and may be applied, in

addition to other industries, for the substitution of a part of pure rubber in the rubber industry, as filler in the paint industry and for the substitution of

plasticisers in the plastic industry.

At present it is a single milling plant with associated patented process that is able to produce in quantities fine rubber granules (180–150 microns) for

the efficient recycling of rubber for a range of industrial and commercial applications. The patented process uses less energy that traditional methods

and as such, has a much smaller carbon footprint. The existing Green Gum manufacturing plant is located in Western Hungary, approximately 150km

from Budapest and approximately 130km from Vienna.

Incept Holdings Limited acquired a 76% stake in Green Gum Technologies through its subsidiary, Incept Innovations Pty Ltd, in August 2011 through a

deed of assignment with Sino Bay (BVI) Ltd to acquire all of its right, title, and interest in Green Gum Technologies. Full production is planned to

commence mid 2015. Green Gum plans to produce over 15,000 tonnes per year once machinery testing at the plant is complete. The need for rubber

granules in road building and road maintenance alone is expected to be in excess of 35,000 tonnes per year over the next five years with considerable

use of the product throughout Europe.

WATER TO HYDROGEN

The energetic sector is undergoing an important transformation and facing up some different challenges. Among them it is the need to ensure a safe

and efficient energetic supply given the high and increasing dependence of external energetic sources and the need of reducing drastically the

greenhouse gases emissions to carry out with the environmental goals, which will be almost critical in the medium and long term.

The overall objective of our project is to create an integrated sustainable energy supply system that could be used without harm the environment and

that only use the Sun as an energy source. Incept Resources technology includes dyed solar cells to capture the sunlight and an electrolyser to transform

water in hydrogen. The same is being extended to cold fusion and energy teleportation.


Carbon

Incept has positioned its assets to satisfy the strong resource demand from the world’s major urbanisation growth markets with the aim of reducing

carbon emissions. Incept is passionate about ensuring the reduction of future CO or CO2 emissions from renewable energy and energy efficiency projects

that displace fossil fuel power generation production and industrial processes through its large Carbon Holdings.

Emerging Opportunity - Carbon Markets

Incept Holdings Limited has positioned itself with Carbon REDD+ Giant

Forestry

Global macroeconomic drivers such as Climate Change have forced changes, and continue to force changes, in the global economy creating strong

investment opportunities. Existing Forests are now considered valuable ecological infrastructure, vital to global efforts to prevent climate change. The

recognition and requirement that forestry and avoiding deforestation play an important and crucial role in global climate policy is now clear. There is a

large and growing global demand for carbon- emission reductions, with the US Department of Energy predicting the U.S. demand alone for forest carbon

offsets could growbyat least 100 times by 2020. Incept has secured an agreement with a carbon credit developer with the immediate provision of 125

million verified carbon credits and potentially another 200 million credits per annum into perpetuity.


Resources

Incept seeks to deliver exceptional stakeholder value through its large resource assets of Global deposits of iron ore, gold, copper, coal and other

precious metals in a controlled, efficient, environmentally accountable and profitable manner. Commodity trading of precious metals, oil and agriculture

products will further mitigate risk to Incept Holdings Limited and deliver consistent revenues in the near future.

Philippines – Iron Sands

Cagayan River Astra Philippines, Inc. (“CRA”) is a corporation registered under Philippine Law with the main purpose of mining; land development,

construction, port and harbor development. Its principal office is at Port Irene, Santa Ana, and Cagayan. It formed as a strategic partnership between

Cagayan River Construction and Development Corp (“CRCDC”) and Incept Holdings Limited. There is a sizeable deposit of magnetite sand in the Cagayan

River and offshore in the Babuyan Channel in the Philippines. CRA have validated studies and evaluated its quality as well as the required technology to

realise its full commercial potential. The results had been enormously positive.

CRAs mission is to be the leading development corporation in Cagayan Valley and to make a difference to the local communities. CRA’s mission is to be

known as the leading construction and development corporation in the Cagayan Valley and beyond and to be able to make a difference to the local

communities where the business operates. Incept also strives to seek bigger challenges within the core of expertise of CRCDC and Incept Holdings

Limited, through strategic partnership in order to have a strong edge in providing excellent and quality product and service. CRA also intends to be a

socially and environmentally responsible company.

Orissa India - Iron Ore

Incept has identified a cluster of iron ore mines in the state of Orissa with a total estimated potential resource of500million tonnesofiron ore in order

to secure the supply of raw materials Incept has identified a cluster of iron ore mines in the Keonjhar district of Orissa, India, a province on the Northeast

coast of the sub-continent. 63%+ Fe iron ore resources have been measured within the identified mines and the total estimated potential resource

across all mines is 500 million tonnes. Incept will be seeking mines that are presently operational, have access to rail and road, and are ready for

expansion. In addition to supplying iron ore, which is in high demand from local steel makers, the Orissa iron ore mines provide a strategic opportunity

for Incept to vertically integrate its future steel manufacturing operations by securing supply of raw materials. Incept India has three fully owned

subsidiaries in India:

• Astra Minerals (India) Pvt Ltd (“AMIPL”) is involved in iron ore domestic and international trading and other related activities. AMIPL holds a lease over

a plot of land on India’s largest iron ore trading port; Paradip and holding multiple districts export license in Orissa. It also has local trading licenses in

three districts with some of the major steel companies in India as its clients.

• Astra Ore Pvt Ltd. (“AOPL”) is involved in mine acquisitions and contract mining. AOPL is currently in the process of acquiring three iron ore mines,

with further expansion plans


• Astra Gold Pvt Ltd. (“AGPL”) is exploring the possibilities of acquiring gold exploration in India. Its interest lies in Parasi block, Ranchi District, Jharkhand

Province, which is known for substantial reserves

Nigeria – Coal

The site has been acquired with a resource estimate of 500 million tonnes of thermal coal Incept has identified a thermal coal operation meeting its

selection criteria in the Kogi State of Nigeria, Africa. A joint venture agreement has been signed through Incept Holdings Limited subsidiary, Astra Nigeria

Pty Ltd, which gives Incept supermajority ownership of Barjalex Nig Ltd, an African company that owns a coal exploration license. Incept is in the process

of extending its coal properties in Nigeria to 500 million tonnes Incept has identified a high value thermal coal production in the Kogi State of Nigeria,

Africa, whichhasbeenacquiredwith a resourceestimate of 32 million tonnes of thermal coal, with growth potential by acquisition to 800 million tonnes.

The exploration license has been issued. Incept has also begun the process of acquiring additional sites in the Anambra Coal Basin to extend its coal

properties in Nigeria to 500 million tonnes, through its 90% owned Nigerian subsidiary Astra Coal Nigeria Ltd. The primary thermal coal deposits occur

at the base of the Enugu Escarpment in the Kogi District of the Anambra Coal Basin. This area has been the site of previous mining operations, and

Incept is focusing on expanding previously discovered mineral deposits. Past geological and technical work conducted by Nigeria Geological Survey and

Behr Dolbear America within the Kogi Coalfield revealed coal deposits that are mineable at open cast method with coal thickness

rangingfrom2.5¬3metres.

During the reconnaissance exercise conducted on the sites identified coal outcrops, a coal thickness of up to 1.8 metres was revealed and there has

been a hypothetical reserve estimate in excess of 500 million tonnes within the identified sites. The Kogi Coal District comprises of the Okaba and

Ogboyoga coal properties. It covers proximately 225,000 hectares and is located on the northeastern flank of the Anambra Basin, Nigeria’s most

economically viable coal region covering approximately 1.5 million hectares.

Albania Chrome, Copper, Iron Nickel and Coal

Albania is a country with rich mineral resources. Mineral exploration, exploitation and processing constitutes a key component of the Albanian economy,

due to a traditional mining industry that has been a solid foundation to the country economic sector generating substantial revenues. The minerals

mined and treated in the past which still remain in Albania include chrome, copper, iron-nickel and coal.

Based on the works and research completed to date specifically to the mining area “Blerim-Platinum”, mining permit No# Dt.26 1211/1/6/2014, for the

extraction of chrome ore at the “tip of the Lajthizes.” It has been estimated reserves for chrome ore as the follows:

1 Qafe Mid No. 1 has two bodies with geological reserves 500,000 tons

2 Qafe Mid no.2 has a mineral body with geological reserves 650,000 tons

3 Qafe Mid No.3 has a mineral body with geological reserves 800,000 tons


4 Qafe Mid no.4 has two bodies mining geological reserves 1,500,000 tons

5 Peak Lajthizes has 5 Linza mining geological reserves 720,000 tons

6 Mountain-Things has a mineral body with geological reserves 1,115,000 tons

Estimated chromium ore mining in this area approximately 5,285,000, tons with average content of Cr2O3 36% to 38% Incept is in the final stages of

securing these resources through a joint venture.

Cambodia – Gold

Nam Hai holds an exploration license for a potential 1–3 million ounce gold reserve.

Incept has acquired 100% of the shares of Nam Hai Mineral Joint Stock Company Ltd (“Nam Hai”), a company incorporated in accordance with the Laws

of Cambodia, with a registered office in Phnom Penh City, Cambodia. Nam Hai holds a Cambodia exploration license #903 covering 222 km2 in

Rattanakiri, which was issued on 6 October 2010.

Preliminary exploration conducted on behalf of the prior owner of Nam Hai identifies potentially 1–3 million ounce intrusion-related gold reserves. This

study indicates, based on limited trench assay results, 6–33 grams per tonne Au with only 1.5 grams per tonne Au used to determine feasibility.

Preliminary feasibility assumes 1.1 million ounces of recoverable gold at USD 1,650 per ounce.

Mali Africa Gold, Copper, Iron Ore

Incept is now a shareholder of one of the most comprehensive and provenGold, IronOre, and Bauxite (copper) portfolios in the province of Mali, Africa.

Incept’s project partner has worked closely with the Government to obtain exclusive Railway and Renewable Energy concessions to ensure that the

precious metal and bulk commodity assets can be efficiently and cost-effectively exploited for transport to Global markets.

The Railway concession relates to all users of the developed Railway including all other mining companies that will require their bulk commodities to be

transported to a Port for shipment. Thus, we will be in a position to charge all end users of the Railway for use of its Rail infrastructure. The area is

Africa’s third-largest gold producing region and the gold concessions in hand is some of the most valuable in existence. Following the many years it took

to obtain the gold concessions, the Government recently changed the law such that it is no longer possible for any one company to have such a

substantial concession holding, so it won’t be possible in the future to secure such a large precious Metal exploration holding. In addition to gold Incept’s

partners have a large Iron Ore and Bauxite concession. A major benefit of this concession is the fact that both ores crop on the surface and can be easily

and cost effectively extracted in lump form with no further beatification required for transport.

In addition, both ores are of high-grade. These inground bulk commodities have taken years of negotiating with the Government to secure the exclusive

Railway concession so as to ensure the green light is achieved to exploit and then transport the bulk commodities to Global markets. Incept is talking a

similar position in Guinea.


Property

Incept low-risk philosophy, demand-driven focus and unique asset diversity and acquisition paradigm demands a highly flexible business model that

enables future growth inclusive of prime property assets globally.

Property Portfolio

Incept Property progressing investing in projects, investment portfolio will be primarily commercial and retail properties in India. Incept Property

selection process maintains a firm focuses on fundamental real estate value. Property potential portfolio is primarily situated in center of Delhi, locations

ideally positioned to benefit continues growth for Incept Property.

India Potential Project Summary Location Area: Western Delhi Size: 10,000 Sq meters Land use: Residential/ Light commercial Ownership: Incept is

acquiring this property with mix of cash & scrip Estimated fair market price: 300 Crores Rupees Estimated fair market price in AUD: 60 Million Possible

development uses: Near a Major Hospital; Good for convalescence/Guest house. It can also be converted into a midsized shopping complex. Incept is

also looking into creating small medical services hub on this land.

Location Name: Chitranjan Park/Greater Kailash area Area: South Delhi Size: 7,500 Sq. Meters Land use: high end Commercial Ownership: Incept is

acquiring this property with mix of cash & scrip Estimated fair market price: 500 Crores Rupees Estimated fair market price in AUD: 105 Million Intended

development uses: Hotel/Commercial complex with offices or Penthouses Special Note: Very prestigious Area. Has enormous commercial scope

Location Name: Nazafgarh area Area: West Delhi Size: 20,000 Sq. Meters Land use: low density housing/Light Commercial Ownership: Incept is acquiring

this property with cash payment in JV with a southeast based group for unlocking the development value. Estimated fair market price: 120 Crores


Rupees Estimated fair market price in AUD: 24 Million Intended development uses: possibly creating a light industrial park with some staff dwellings

and supporting infrastructure.

Agriculture

Incept Agriculture Resources (IAR) is an Australian based Agri-Food business seeking to set itself apart from other Agriculture companies in the world

today by reducing risk by developing a fully integrated supply chain. To ensure financial robustness and longevity by investing in Agriculture land, stock

and processing plants to value add and supply high-grade protein security for China, Asia, and The Middle East for future generation.

Incept Agriculture Resources

Incept Agriculture Resources has built a unique strategy to establish a complete fully integrated beef protein supply chain in Central and Northern

Australia that meets the needs of the rapidly growing Asian markets. China due to Australia’s clean green organic cattle has recently announced its

desire for a further one million cattle in the near future so demand has already passed supply.

Incept Resources believes without doubt one of the best business opportunities over the next few decades will be in agriculture and water. Global food

inventories are at historic lows creating food security challenges and an unprecedented opportunity to profitably invest in the agriculture sector. To

produce beef, camel, lamb and grains

Industry Strategy

A number of participants in the resources industry combined with the recent global financial crisis has led to the decline of profit margins and stagnation

of growth prospects within some sectors. Incept is aware of the risks of focusing its energy into one area and has diversified to protect its operation into

the future. The keys to Incept’s strategyare to: Identify inefficient industries or ones with high cost structureswithdominantplayersormonopolists

Introduce revolutionary technologies and instruments consistent with handling climate change which disrupt the life cycle of the product. Focus on

both ends of the supply chain to substantially alter the resources industry by changing end-user demand and costs Displace Existing Solutions with an

improved value proposition


International Scope

Incept strategy centers on developing a high-performing portfolio of long-term assets in key classes. This is true globally and is demonstrated by the

portfolio’s international scope illustrated below:


TecTron Global Media Ltd. Recently TecTron Global Media Ltd. the world´s largest virtual telecom network, was acquired by Incept Holdings Limited for 500m Incept Holdings

Limited shares.

Listing Incept Holdings Limited

Incept is working to be listed on a major stock exchange. Incept Holdings Limited has confirmed the appointment of Soleil Chartered Investments (part

of the Soleil Group) as listing manager for Incept Holdings limited in Asia. This is in participation with and consent from one of India’s largest family

offices.

Soleil will support the industrial technology listing in North America and Frankfurt being managed by Aspen Agency.


Profit – Loss Projections by Incept Holdings Ltd.

Year 2015 2016 2017 2018 2019

Currency Euro Euro Euro Euro Euro

Revenue from:

Revenue from operating activities - € 17.180.692,68 € 279.533.351,01 € 770.211.508,37 € 1.012.228.077,78 €

Dividends received - Carbon Trading - € 842.537.384,62 € 865.129.015,38 € 885.881.953,85 €

Revenue from outside operating activities - € 57.728,00 € - € - € - €

Revenue from operating and outside activities - € 17.238.420,68 € 1.122.070.735,62 € 1.635.340.523,76 € 1.898.110.031,63 €

Total Revenue - € 17.238.420,68 € 1.122.070.735,62 € 1.635.340.523,76 € 1.898.110.031,63 €

Total COGS - € 5.979.904,94 € 97.030.791,16 € 288.310.904,54 € 373.900.009,34 €

Gross Profit/(Loss) - € 11.258.515,73 € 1.025.039.944,46 € 1.347.029.619,22 € 1.524.210.022,29 €

Total Operating Expenses 1.976.050,49 € 4.509.534,78 € 36.584.360,61 € 89.311.238,31 € 156.862.194,44 €

EBITDA 1.976.050,49 €- 6.748.980,95 € 988.455.583,85 € 1.257.718.380,91 € 1.367.347.827,51 €

Less: Depreciation - € 6.443.855,21 € 16.598.111,52 € 41.683.882,76 € 46.974.007,25 €

Less: Amortization - € 10.000.000,00 € 30.577.280,00 € 30.577.280,00 € 31.298.880,00 €

EBIT 1.976.050,49 €- 9.694.874,26 €- 941.280.192,32 € 1.185.457.218,15 € 1.289.074.940,26 €

Net Interest - € - € 6.722.197,14 € 6.182.846,69 € 5.621.922,23 €

Profit/(Loss) Before Tax 1.976.050,49 €- 9.694.874,26 €- 934.557.995,19 € 1.179.274.371,45 € 1.283.453.018,02 €

Total Tax Payments - € - € 284.601.004,18 € 358.782.201,35 € 389.770.953,68 €

Profit/(Loss) After Tax 1.976.050,49 €- 9.694.874,26 €- 649.956.991,01 € 820.492.170,10 € 893.682.064,34 €


Management

Maxwell Francis Venning

Mr Venning first became a director in 2002 when elected by growers to Ausbulk and United Grower Holdings. Eighteen

months later in 2004 became chairman and led Ausbulk through the acquisition of Abb Grain a smaller ASX listed company

which after a reverse take over became the surviving entity. Abb Grain owned seven grain export terminals had a statutory

monopoly on the export of barley in SA and Victoria, owned malt manufacturing company Joe White Malt. Grain storage

and feed mills in New Zealand and numerous container packing facilities.

Mr Venning was deputy chairman of ABB Grain until the company was acquired by Canadian grain company Viterra in

September 2009 He served on the Viterra board for thirty nine months and up until Viterra was acquired by Glencore in

2012

Mr Venning has served on board committees

Finance and audit

Human resources and compensation

Safety health environment and sustainability

He is a member of the Australian Institute of Company Directors


Adele Bekirovski

Ms Bekirovski has over thirteen years of management experience in Resources, Fashion, and Financial sectors; Adele is an

accomplished Management Executive.

Ms Bekirovski has been a keen and driven individual and has established and managed office business and information

systems, infrastructure and administrative processes that enable the organisation to consistently deliver and achieve quality

standards, on time and within budget.

In recent years, her focus has also been in assisting the Managing Director and Chairman in the day-to-day management of

the organisation so that high level strategy and finance objectives are reflected appropriately in Business Planning and work

allocation decisions.

Ms Bekirovski has a Bachelor of Arts, Psychology degree from Macquarie University, Graduate Diploma in Social Sciences (Counselling Studies), University

of South Australia and a Diploma of Mortgage Lending.

Jan Peter Sloane Chief Financial Officer B.Comm (Melb Uni), FCA, CTA.

Mr Sloane is Chief Financial Officer of Incept. He supervisors the finance function of the Incept and is responsible for

providing operational support to the Company. He assists the CEO on all strategic and tactical matters as they relate to

budget management, forecasting needs and securing funding.

Mr Sloane brings a wealth of financial and business experience having been involved in the last 26 years as Chief Financial

Officer of JGL Investments Pty and controlled entities involved in Manufacturing, Refining, Distribution, Retailing, Owning

commercial and industrial property, Property development, Owning and leasing of residential property, Importing and

exporting of goods and services, Share-market trading and investing, and Venture Capital activities. Mr Sloane also has

extensive audit and accounting experience having worked with KPMG and predecessor firms for over 13 years.


Aldo Giustozzi

Director of Operations, Europe

Mr Giustozzi is a Director of Operations for Incept in Europe. Over the last 20 years Mr Giustozzi has been in senior management of a number of

businesses and more recently has been an entrepreneur developing his own businesses covering property development and construction, electronics,

marketing and communication and tourism.

Dr Laszlo Kiss

Steel Developer – Technical Manager

Dr László Kiss, a graduate of the Hungarian University of Heavy Industry, completed the Steel Manufacturing and Blast Furnace technology engineering

course in 1953. He was employed by the Diósgyőr Steel Works (later Lenin Steel Works, DAMM, DEMAG), one of the largest steel works in Europe at

that time, where he worked as a research engineer, technical manager, General manager and held various other senior posts until the sale of the factory

complex in the late 1990s.

Dr Oszkar Grega

Steel Developer – Technical Manager

Dr Grega is a Chemical Engineer and holds a number of degrees including Post Graduate Degree Matallurgy, a Degree in Euromanagment, and a Ph.D.

He is a member of the Committee of Metallurgy, Hungarian Academy of Sciences (MTA), a Technical and Production Manager for DAM STEEL, a long

established Hungarian steel manufacturer and a Special Adviser for Corus Steel for the privatisation tender of Dunaferr.

Vladimir Petrovich Sevastyanov

Director of Scientific R&D of Interecotech Pty Ltd

Director of Incept Coal Technology

Mr Petrovich Sevastyanov is a Director of Scientific R&D of the Interecotech Pty Ltd, and a founder of the Russian Sun Pty Ltd (Novosibirsk). He has over

35 years experience across a wide range of sectors including development of highly automated chemical processes for the production of epoxy

compounds, development of power converter technologies and tracking systems, special purpose motors and control automation and power systems,

technologies for thermal power plants, development of digital robotics and weapons systems, integrated design of automated production of coal-water

based fuels and solar power generation systems.

Previously Mr Petrovich Sevastyanov was a Managing Director of Oil Technology Pty Ltd (Novosibirsk) and held a position of a Director of Scientific and

R&D with SibEcoEnergo Pty Ltd (Novosibirsk), leading project of the Helioairbaric Thermal Electric Station – a new solar power generation technology.


He holds a large number of USSR-Russian author’s certificates and patents, mainly in clean coal and renewable power generation technologies and is

the inventor of the method for Generation of Electricity by PseudoDetonation Coal Slurry Gasification Combined Cycle (ICSGCC). Mr Petrovich

Sevastyanov has a Masters degree in Electrical Engineering from Novosibirsk Polytechnic Institute, majoring in electric power generation and

transmission systems.

CA Satya Narayana Mohakhuda

Director – Incept Minerals (India) Pvt. Ltd., B Com(Hons), ACA

Mr. Satya Narayana Mohakhuda, S/o Shri Kamal Lochana Mohakhuda aged about 38 Years is a resident of Bhubaneswar, Odisha, India. He is a qualified

Chartered Accountant and financial consultant. He has more than 15 years of experience in the field of Accountancy, Audit, Finance, Healthcare,

Education, Infrastructure Sector, Hi-tech Agricultural Projects.

He has successfully handled execution of 500 Beded Super speciality Hospital and Medical College at Tripura India, many housing, social infrastructure

and road projects in India and Maldives.

As a key financial expert, his participation in arrangement of funds/ working capital, cost analysis of the projects together with the exploration of newer

avenues of investment is instrumental in the growth of the company.

Rocky Young

President and Operations Director/General Manager of CRCDC Phillipines

Mr Young possess extensive managerial and directorship skills and experience across various industries such fishery and construction in the Philippines.

Milicent Smith

CRCDC Lawyer

Ms Smith possess extensive legal experience with over 40 years in relevant industries. Her experience is underpinned by a Bachelor of Laws form

Adamson University in the Philippines.

Florian Young

CRCDC Chairman

Ms Young has been involved in the construction and fishery industry. Her experience is underpinned by a Bachelor of Science, Marketing.

Nancy Aguinaldo

Executive Assistant – Philippines


Ms Aguinaldo has public and media relations experience through her role with the Home Development Mutual Fund (Philippine Provident Savings and

Housing Loan Program) where she coordinated with different Government Offices and Private Corporations/Individuals on behalf of the Agency, and

conducted information dissemination/media campaigns through TV and Radio broadcasts. Ms Aguinaldo has organised events and created new

Programs for the Institution and supervised personnel

Sunday Abraham

Operations Manager, Nigeria

Mr Abraham has extensive experience in banking operations and marketing management working on the planning, research and development of free

energy projects and direct prototyping for various products. Mr Abraham has directed and managed all operations including 20 employees and reported

to the CEO and held full profit and loss accountability. During his past experiences he has managed plants in four different locations, established stringent

operations budgets and manufacturing labour standards.

Godfrey Osizemete Austin

Geologist, Nigeria

Mr Osizemete Austin has over 10 years experiences as a geologist and has held a number of roles on a variety of projects in Nigeria. He has held positions

at the Ministry of Petroleum and Mineral Resources, GMO Technical Nigeria, Izom Clay & Brick Company and for Western Goldfields Group. Mr

Osizemete Austin is an independent consultant to solid mineral title holders and investors as both a Mineral Tenement Manger, arranging the acquisition

of mineral deposit sites and mining title applications, and a Mineral Deposit Site Developer, providing geological mapping and studies.

Ferenc Rinyu and György Jakab

Developers, Carbony Technology

Mr Rinyu and Mr Jakab are the developers of the Carbony Technology. It was developed by Stirling Hungary, a small special purpose technology company

specialising in environmental engineering, energy transfer and renewable energy products. The developers have also worked on various energy related

products for Austrian and German interests. Stirling is also an accredited NATO supplier. They have partnered with Incept in order to assure that the

gas mixture separation project can have world wide exposure and appropriate international marketing structure.


Disclaimer, Haftungsausschluss und sonstige Informationen über diesen

Research Report:

Diese Publikation wurde durch die Ceiba Network UG (haftungsbeschränkt)

erstellt. Die hierin geäußerten Ansichten stellen ausschließlich die Ansichten

des Redakteurs und der Ceina Network UG (haftungsbeschränkt) dar. Die Ceiba

Network UG (haftungsbeschränkt) ist nicht berechtigt, eine Zusicherung oder

Gewähr im Namen der Incept Holdings Limited oder anderer in dieser

Publikation genannter Unternehmen abzugeben, noch dürfen in diesem

Dokument enthaltene Informationen oder Meinungen als von Incept Holdings

Limited autorisiert oder gebilligt angesehen werden. Die in dieser Publikation

enthaltenen Informationen und Meinungen können ohne vorherige

Ankündigung jederzeit geändert werden. Diese Publikation stellt nur die

persönliche Meinung des Redakteurs dar und ist auf keinen Fall mit einer

Finanzanalyse gleichzustellen. Bevor Sie irgendwelche Investments tätigen, ist

eine professionelle Beratung durch ihre Bank unumgänglich. Diese Publikation

stellt kein Verkaufsangebot für Wertpapiere dar und ist nicht Teil eines solchen

und keine Aufforderung für ein Angebot zum Kauf von Wertpapieren und ist

nicht in diesem Sinne auszulegen; noch darf sie oder ein Teil davon als

Grundlage für einen verbindlichen Vertrag, welcher Art auch immer, dienen

oder in einem solchen Zusammenhang als verlässlich herangezogen werden.

Eine Entscheidung im Zusammenhang mit einem voraussichtlichen

Verkaufsangebot für Wertpapiere von der Incept Holdings Limited sollte

ausschließlich auf der Grundlage von Informationen in Prospekten oder

Angebotsrundschreiben getroffen werden, die in Zusammenhang mit einem

solchen Angeboten herausgegeben werden. Die Verfasser dieser Publikation

stützen sich auf als zuverlässig und genau geltende Quellen und haben die

größtmögliche Sorgfalt darauf verwandt, sicherzustellen, dass die verwendeten

Fakten und dargestellten Meinungen angemessen und zutreffend sind.

Gleichwohl sind die in diesem Dokument enthaltenen Informationen von der

Ceiba Network UG (haftungsbeschränkt) nicht gesondert geprüft worden,

daher übernimmt die Ceiba Network UG (haftungsbeschränkt) für die

Angemessenheit, Genauigkeit, Richtigkeit und Vollständigkeit der in dieser

Publikation enthaltenen Informationen und Meinungen sowie für

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Meldungen sowie für redaktionelle Versehen in Form von Schreibfehlern,

Übersetzungsfehlern, falschen Kursangaben o.ä. wird ebenfalls keine Haftung

übernommen. Wir übernehmen auch keine Garantie dafür, dass der

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die Ceiba Network UG (haftungsbeschränkt) noch die Incept Holdings Limited

übernehmen eine Haftung für Schäden, die auf Grund der Nutzung dieses

Dokumentes oder seines Inhaltes oder auf andere Weise in diesem

Zusammenhang entstehen. Wir geben zu bedenken, dass Investments in Aktien

grundsätzlich mit Risiken verbunden sind. Der Totalverlust des eingesetzten

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lediglich zur Information zugegangen. Sie darf zu keinem Zweck vollständig

oder teilweise nachgedruckt, vervielfältigt, veröffentlicht oder an andere

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oder Personen gemäß Definition in § 9 (3) des Financial Services Act

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werden noch in Japan oder an japanische Staatsbürger, die außerhalb Japans

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Restriktionen nicht beachtet, kann dies als Verstoß gegen US- amerikanische


oder kanadische Wertpapiergesetze oder die Wertpapiergesetze anderer

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Publikation unterwerfen Sie sich den vorgenannten Beschränkungen. Ohne

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Nachdrucke, sind nur mit schriftlicher Genehmigung der Ceiba Network UG

(haftungsbeschränkt) gestattet. Die Weiterverbreitung in elektronischen

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Diese Publikation stützt sich in ihrer Berichterstattung auf eigene

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Quellen dienen internationale Nachrichtenagenturen, Zeitungen und

Zeitschriften, eigene Recherchen, Veranstaltungen, Unternehmenswebseite

und Unternehmensgespräche. Trotz sorgfältiger Prüfung übernimmt die Ceiba

Network UG (haftungsbeschränkt) keine Haftung für Verzögerungen, Irrtümer,

Unterlassungen oder Übersetzungsfehler. Alle Angaben erfolgen ohne Gewähr.

Vor einer Wertpapierdisposition wenden Sie sich bitte an Ihren Bankberater

oder Vermögensverwalter. (Artikel vom 20.12.2015) Die Ceina Network UG

(haftungsbeschränkt) und mit ihr verbundene Unternehmen haben mit der

gegenständlichen Gesellschaft eine kostenpflichtige Vereinbarung zur

Erstellung der redaktionellen Besprechung/Präsentation getroffen. Der

Auftraggeber und/oder deren Mitarbeiter sind Aktionäre der Incept Holdings

Limited. Es besteht also ein Interessenkonflikt nach §34 WpHG auf den wir

hiermit ausdrücklich hinweisen wollen. Bei den Veröffentlichungen von Ceiba

Network UG (haftungsbeschränkt) handelt es sich ausdrücklich nicht um

Finanzanalysen. Vielmehr sind die Besprechungen von Aktien als Vorstellungen

rein werblichen Charakters zu werten. Ferner geben wir zu bedenken, dass die

Auftraggeber dieser Studie in naher Zukunft beabsichtigen könnten, sich von

eigenen Aktienbeständen in der Incept Holdings Limited zu trennen und damit

von steigenden Kursen der Aktie profitieren werden. Auch hieraus ergibt sich

ein entsprechender Interessenkonflikt. Wir wissen, dass andere Börsenbriefe,

Medien oder Researchfirmen die von uns präsentierten Werte im gleichen

Zeitraum besprechen. Daher kommt es in diesem Zeitraum zu einer

symmetrischen Informations-/ und Meinungsgenerierung. Weder der

Redakteur noch ein Mitglied des Haushalts des Redakteurs der Ceiba Network

UG (haftungsbeschränkt) besitzen Wertpapiere der besprochenen

Gesellschaft.

Incept Holdings LTD. Report No - Mining and...

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