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Page 1: Innovative mineral processing solutions for a high … · Introduction Innovative mineral processing solutions for a high tech world Slide 4 London based AIM traded (code: AXM) mining

AGM - 28th June 2018

Innovative mineralprocessing solutionsfor a high tech world

Page 2: Innovative mineral processing solutions for a high … · Introduction Innovative mineral processing solutions for a high tech world Slide 4 London based AIM traded (code: AXM) mining

Disclaimer

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This document is being communicated in the United Kingdom only to (a) persons who have professional experience in matters relating to investments fallingwithin Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (the “Order”) or (b) High Net Worth Entities withinArticle 49(2) of the Order, and in Canada only to (c) Accredited Investors within National Instrument 45-106 (all such persons being referred to as “relevantpersons”). This document is only directed at relevant persons, and any investment or investment activity to which this presentation relates is only available torelevant persons or will be engaged in only with relevant persons. Solicitations resulting from this document will only be responded to if the person concernedis a relevant person. Other persons should not act upon this document or any of its contents. The distribution of this document in other jurisdictions may berestricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Theinformation in this document, is subject to updating, completion and revision, further verification and amendment. No representation is made by AlexanderMining plc or any of their principals, advisers, representatives, agents, officers, directors or employees as to, and no responsibility, warranty or liability isaccepted for, the accuracy, reliability, or reasonableness or completeness of the contents in this document. No responsibility is accepted by any of them forany errors, miss-statements in, or omissions from, this document, nor for any direct or consequential loss howsoever arising from any use of, or reliance on,this document or otherwise in connection with it. The information in this document is confidential and must not be copied, reproduced or distributed to othersat any time. This document does not constitute an invitation to buy shares in Alexander Mining plc.

This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of Americaabsent registration or an exemption from registration. The Company has not been, and will not be, registered under the United States Investment CompanyAct of 1940, as amended, and investors will not be entitled to the benefits of that Act. Neither this Presentation nor any copy of it may be taken or transmittedinto the United States of America or its territories or possessions (the “United States”), or distributed, directly or indirectly, in the United States, or to any U.SPerson as defined in Regulation S under the Securities Act 1933 as amended, including U.S resident corporations or other entities organized under the lawsof the United States or any state thereof or non-U.S branches or agencies of such corporations or entities. Any failure to comply with this restriction mayconstitute a violation of United States or other national securities law. The Company's ordinary shares have not been registered under the Securities Act1933.

Forward Looking Information: Certain of the statements made and information contained in this document constitute ‘forward looking information’ within themeaning of applicable securities legislation. All information and statements which are not historical facts included herein, including without limitation, thoseregarding the Company’s business strategy, plans and objectives of management for future operations constitute forward looking information. In manycases, forward looking information can be identified by words such as "may", "will", "expect", "plan", "anticipate", "believe", "estimate", "potential", or othersimilar terminology. Such statements reflect management’s current expectations regarding future events and involve numerous assumptions, risks anduncertainties both general and specific to the Company and the industry in which the Company operates. Such assumptions, risks and uncertainties include,but are not limited to: the success of the Company's development strategies, the successful and timely completion of feasibility studies, the ability of theCompany to obtain additional financing for its operations and the market conditions affecting the availability and terms of such financing. Should one or moreof these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results, performance or achievements of the Company,or industry results, may vary materially from those described in this document. Accordingly, readers are advised not to place undue reliance on forwardlooking information. Except as otherwise required by law, the Company does not intend to and assumes no obligation to update or revise forward lookinginformation, whether as a result of new information, plans, events or otherwise.

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Innovative mineral processing solutions for a high tech world

Slide 3

Page 4: Innovative mineral processing solutions for a high … · Introduction Innovative mineral processing solutions for a high tech world Slide 4 London based AIM traded (code: AXM) mining

IntroductionInnovative mineral processing solutions for a high tech world

Slide 4

London based AIM traded (code: AXM) mining and mineral processingtechnology company.

Strong technical management with financial markets expertise and experience.

Business objective is to become a successful company in the mining sectorfocused on the mining and processing of the technology metals of the future.

Achieved by the commercialisation of proprietary mineral processingtechnologies and potential strategic partnerships in producing mines andthrough equity positions in advanced projects.

Our core asset is our intellectual property.

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Alexander Mining plcCorporate data

Shares issued 1,888,730,149

Management, directors’, consultant options @ 4.92p@ 0.22p@ 0.15p

Warrants (22/11/2019) @ 0.225pBroker’s warrants (22/11/2020) @ 0.15p

12,900,00043,300,00094,000,000

200,000,00040,000,000

Recent: share pricemarket capitalisation

0.12p£2.3m

AIM code AXM

Finances Placing for £600,000 gross in Nov. 2017

Slide 5

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Highlights

Revolutionising the recovery of the technology metals of the future

Slide 6

• Placings to raise £750,000 and £600,000 to fund business development and working capital.

• Accudo Metals Pty Ltd. proposes to proceed with a definitive feasibility study on the potential use ofAlexander’s leaching technology, subject to completion of its funding arrangements.

• Continued granting of important patents for leaching of oxides using AmmLeach® and sulphides usingHyperLeach® in key mining jurisdictions, including Canada and USA respectively.

• Broad mining industry interest in using AmmLeach® for base metals recovery from amenable depositsas the focus on limiting capital deployment and reduction in All in Sustaining Costs (“AISC”).

• Exciting potential for leaching technologies in the recovery of cobalt, the key and currentlyirreplaceable component for delivery of thermal stability of most electric vehicle lithium ion batteries.

• New research and development (“R&D”) initiatives for the recovery of metals lithium and vanadiumwhich have important use in high technology energy storage equipment and solutions.

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Highlights

Revolutionising the recovery of the technology metals of the future

Slide 7

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An additional c.4.1Mt of copper (18% of 2017 supply), c.1.1Mt of nickel(55% of 2017 supply) and 314kt of cobalt (332% of 2017 supply) areforecast to be required to enable 30m Electric Vehicle (“EV”) sales by2030.

Source: Glencore/CRU, March 2018Nb: includes use for electricity generation/grid infrastructure, grid storage, charging infrastructure & EV.

BackgroundOur world will be ever more dependent upon high technology metals

Slide 8

Courtesy of Tesla Motors

The Electric Vehicle Initiative’s (“EVI”– a multi-government policy forum of16 major global economies) target isfor 20m EVs by 2020, and for 30% EVsales market share by 2030.

Lithium global demand forecast toincrease from c.240kt LithiumCarbonate Equivalent (LCE) in 2017to >500kt LCE by 2025.

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Aluminium – aerospace, transportation, construction, packaging

Copper – construction, transport, infrastructure, equipment

EV & Energy - metals use for electric vehicles and energystorage:

Cobalt - ~ 50% of world’s resources and supply from DRC

Lithium - Li-Ion batteries

Vanadium - vanadium flow batteries

Zinc - Zinc Air battery technology for grid storage applicationsfrom a solar generation station.

Nickel - Li-Ion battery cathode combination of Ni-Mn-Co.Demand for high-purity class 1 nickel may increasesignificantly from 33Kt in 2017 to 570Kt in 2025.

BackgroundOur world will be ever more dependent upon high technology metals

Slide 9

Source: Rio Tinto

Overarching this, the best method, in our opinion, for extracting these metals whereores are amenable is …….

Hydrometallurgy - an efficient and environmentally friendly leaching technology

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The background

Hydrometallurgy processes have major benefits

• Higher returns by increasing mine-site metal product value.

• Can makes uneconomic ore bodieseconomic.

• No associated concentrate costs, ie:transport, smelter & refinery charges(which can be > 40% of containedmetal value).

• Valuable metal by products can becredits, unlike concentrateproducers.

• Environmental benefits significant

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Slide 11

• Alkaline/ammonia leach process at ambient pressure and temperature

• Proprietary two stage leaching process: Ore specific pre-treatment stage, heap or tank leaching

• Proprietary solvent extraction step to avoid ammonia carry-over into electrolyte

• Much lower reagent consumption cf high-acid-consuming ores means major cap/opex savings

• Clean target metals PLS, unlike acid leach

• Uses conventional equipment

Electro-winning is identical to conventional acid circuits Direct replacement for acid leaching in current operations Minimal changes to plant; higher organic transfer efficiencies requires smaller plant

• Environmental benefits

Reduced transport/shipping impact and costs Minimal likelihood of Acid Mine Drainage (AMD)

Patented IP - major operational, economic and environmental advantages

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Slide 12

• Major capital and operating cost savings (typically 30-40%) possible due tomagnitude of reagent (ammonia cf acid) consumption differential.

• Aside from the very substantial capital and cost savings, AmmLeach® has severalmajor operational and environmental advantages over conventional acid leaching.

• Much simpler process circuits because of the low level of impurities in the leachsolutions, and hence lower capital to clean up.

• Significantly lower decommissioning/closure costs – no acid mine drainage liability.

AmmLeach®

Patented IP - major operational, economic and environmental advantages

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Slide 13

The main targets for the AmmLeach® process are:

• Copper oxide deposits

• Cobalt oxide deposits

• Zinc oxide (non-sulphide) deposits

Target metals

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Slide 14

Global opportunity

Countries with the most prospective geology for hosting high acid consuming copper(Cu), cobalt (Co) and zinc (Zn) oxides are:

• Australia (Cu & Co)• Turkey (Zn, Cu)• Iran (Zn, Cu)• DRC (Cu, Cu/Co)• Zambia (Cu & Co)• Peru (Cu & Zn)• Chile (Cu)• Mexico (Cu & Zn)• Central America (Zn)• USA (Cu & Zn)

Testwork done on many differentopportunities worldwide

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Business development

Copper Oxides

Slide 14

• Sulphides ~80% of worldprimary copper production

• Conventional treatment is toproduce concentrates andship to smelter

• Copper production fromcopper oxides using SXEWis growing, >20%

• Average internalcombustion engine car usesabout 20kg of copper,mainly as wiring; a hybridneeds about 40kg and afully electric car has roughly80kg of copper.

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Business development

Zinc Oxides

Slide 15

• Sulphides >95% of world primary zinc production butaverage head grade < 7% zinc

• Conventional treatment is to produce concentrate andship to smelter - Roast – Leach - Electrowin process

Oxides considered commercially untreatable. However,in general, zinc oxides represent the highest gradeundeveloped near surface base metal deposits

• Economics dictate direct shipping oxide ores limited to grades >20-25% zinc

• Large tonnages of <20% ore exist, especially in Mexico & Turkey with world classresources

• Significantly lower cash operating costs, in lowest quartile (<US$0.40/lb), forecast

• Increase reserves and mine life by processing substantial ‘low’ grade ore (<20%)

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Business developmentZinc Oxides

• Production of high purity LME grade zinc

• Successful batch test using conventionalequipment at ambient temperature & pressure toproduce zinc cathode.

• First successful test of AmmLeach® technology forzinc and the first solvent extraction of zinc fromprimary oxide ores using ammoniacal leaching.

• Recycles reagents

• Partnership with Proses, a mineral processingspecialist in Turkey, to investigate the commercialuse of Alexander's base metals leachingtechnology in Turkey and/or Iran.

Slide 16

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Business developmentCobalt

• Major AmmLeach® opportunity - tested numerous samplesfrom Cu-Co deposits and run a demonstration mini plant withtwo circuits through to cathode metal

• Electric vehicles (EV) boom has seen cobalt prices risingsharply.

• Some 60% of cobalt is used in batteries, with ~50% mined inthe DRC which has about half of the world’s known reserves.

• Industry pressure for “responsible sourcing” of commodities,especially cobalt given concerns about mining practice in theworld's leading producer — the DRC

• Pressure on companies such as Tesla and Apple to trace thecobalt they use and to source it outside of the DRC; e.g.Zambia, Australia

Slide 17

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Business development

Slide 18

MetaLeach's HyperLeach® process, although less advanced in its commercialisationthan AmmLeach®, has very significant potential.

Nearly all base metal sulphide ores are processed and concentrated on site using frothflotation before being shipped off site to a smelter and refinery for further processing.

The costs involved in selling an ore concentrate are significant and include transport,shipping, smelter and refinery charges and can include penalty costs imposed by thesmelter.

HyperLeach® is a hydrometallurgical process for the extraction of metals, especiallycopper, zinc, nickel and cobalt from sulphide ore deposits and concentrates.

The process utilises chlorine based chemistry to solubilise metals from ores underambient temperature and pressure conditions.

The HyperLeach® process can be operated as either heap leach or tank leach.

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Lithium recoveryNew R&D initiative

• New lithium processing technology R&Dproject with Dr N. Welham

• Investigating a promising route to the directdissolution in a heap leach of lithium fromlithium bearing minerals under ambienttemperature and pressure conditions.

• Hard rock resources more viableproposition than conventional brinesources for rapid development as time fromcommissioning to first concentrate can be amatter of a few weeks.

Slide 19

Source: International Energy Agency

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Vanadium recoveryNew R&D initiative

• New vanadium processing technology R&Djoint venture project with Australian companyMulticom Resources and John WebsterInnovations Proprietary Limited

• Investigating the potential recovery ofvanadium from amenable ores, especiallyMulticom’s Saint Elmo vanadium project inNorth Queensland.

• Vanadium is becoming more widely used ingreen technology applications, especially inthe Vanadium Redox Battery ("VRB").

• Project test work in Australia underway.

Slide 20

Source: StorEn Technologies; 500Kwh industrialmodule

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Slide 22

• World demand for key technology metals set to increase significantly, fuelled by EVand related infrastructure/energy generation/storage demand.

• Hydrometallurgical extraction of base metals at the mine is ultimate production route

• IP exposure to essential high technology metals – Cu, Co, Zn, Ni, V & Li

• Alexander is focused on royalty and/or licence fee structure, minority project interestsand complementary opportunities in the mining sector

Innovative mineral processing solutions for a high tech world

Summary

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Alexander Mining plcMartin Rosser, CEO2nd Floor85-87 Borough High StreetLondon, SE1 1NH, UK

Tel: +44 (0) 20 7078 9564Mob: +44 7770 865 341Email: [email protected]: alexandermining.com

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