Objective Capital's Africa Resources Investment Congress 2012 Ironmongers' Hall, City of London 12 June 2012 Speaker: Louis Coetzee, Kibo Mining

1. AFRICA RESOURCES
INVESTMENT CONGRESS
Developing an integrated approach in Tanzania
Louis Coetzee – CEO, Kibo Mining
IRONMONGERS’ HALL, CITY OF LONDON TUESDAY, 12 JUNE 2012
www.ObjectiveCapitalConferences.com
1

2. Exploration in Tanzania
June 2012
www.kibomining.com

3. Disclaimer
These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities
of Kibo Mining plc (the “Company”) and they should not be relied on in connection with a decision to purchase or subscribe for any such securities. The
Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or buy securities in the Company. If
any person is in doubt as to the contents of this presentation, or wishes to obtain advice as to the investment merits of the Company’s securities, he should
seek independent advice from a person who is an authorised financial services provider.
No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the
completeness or accuracy of such information. The information contained in these Slides and the accompanying verbal presentation is in the public domain,
however no representation or warranty, express or implied, is given by or on behalf of the Company, its advisors, shareholders, directors, officers or
employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbal
presentation, and no liability is accepted for any such information or opinions (save that nothing in this disclaimer is intended to limit the liability of any
party for its own fraud).
The Slides and their contents are directed only at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (such as persons who are authorised or exempt persons within the meaning of the Financial Services
and Markets Act 2000 and certain other persons having professional experience relating to investments, high net worth companies, unincorporated
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Any individual who is in any doubt about the investment to which these Slides relate should consult an authorised person specialising in advising on
investments of the kind referred to in these Slides.
Persons of any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon
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Statements made in the Slides and accompanying verbal presentation may include forward-looking statements that necessarily involve risks and
uncertainties. Forward-looking statements may generally be identified by the use of terminology such as “may”, “will”, ”expect”, ”intend”, “plan”,
“estimate”, “anticipate”, “believe”, or similar phrases. Other than statements of historical facts, all statements, including, among others, statements
regarding the future financial position of the Company, business strategy, projected levels of growth in its market, projected costs, estimates of capital
expenditures and plans and objectives of management for future operation, are forward-looking statements. The actual future performance of the
company could differ materially from these forward-looking statements. Important factors that could cause actual results to differ materially from these
expectations including known and unknown risks. Undue reliance should not be placed on these forward-looking statements. 3

4. Company Overview
Tanzanian-Focused Multi-Commodity Explorer
AIM: KIBO; JSE: KBO
 One of the largest gold exploration land holdings
in Tanzania, nearly 10 times the current government limit
 Currently in Stage 2 of £5.3 million exploration programme
Stage 1 (£0.8 million) completed
 Actively seeking prospective acquisition targets in Tanzania
• Proposed acquisition of JORC compliant 109 million tonnes Rukwa thermal coal
project – definitive agreement already signed
• Proposed acquisition of Pinewood coal & uranium project – definitive agreement
already signed
 Actively seeking JV partners to develop projects
• Proposed JV with Votorantim (Brazilian conglomerate) at Haneti nickel-gold-PGE
project – MoU already signed
• Proposed JV at Rukwa coal to develop power station with Asian conglomerate –
MoU already signed
 Highly experienced board with track record of success in Tanzania
4

5. Project Locations
Current Projects
Rukwa
(coal)
Projects under Pinewood
(uranium & coal)
acquisition
5

6. Kibo – The Strategy
• Utilising Directors’ Experience
• Looking across Tanzania
• Looking across Commodities
• Defining Targets
• Focusing Portfolio
• De-risking Licences
Acquisition Exploration
Advance or Joint
Spin-off Venture
• Realising Capital
• Taking to Production
or Spinning-off • Building Strategic Relationships
• Bringing in Expertise
• Fast-tracking Projects
6

7. Why Tanzania?
 Politically stable and peaceful country with strong
Government support for mining investment
 Globally competitive tax and regulatory regime
for mining investors
 Accelerated and simplified handling of investment
proposals
 Technical staff trained in various disciplines
associated with mining
 Abundant supply of labour
 Peaceful working environment free of
confrontations, ethnic strife and labour disputes
 Well-established mining services industry
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8. Kibo – A Country Play
Lake Victoria Project
Licences & Applications covering 2,700 km2 within the Lake
Victoria Goldfield
Prospective for Gold
Morogoro
Licences & Applications covering 8,900 km2 in Eastern
Exploration Tanzania
Prospective for Gold
Haneti
Licences & Applications covering 7,100 km2 in Eastern
Tanzania
Prospective for Gold, Nickel & PGMs
Mzuri Energy Ltd
Owns 100% of Rukwa coal Project & 50% of Pinewood coal
& uranium project
Acquisition 109 Mt thermal coal resource at Rukwa
Mayborn Investments Ltd
Owns remaining 50% of Pinewood coal & uranium project.
Licences & Applications covering 18,088 km2 in Southern
Tanzania. Prospective for Uranium and Coal
Joint Votorantim & Asian Conglomerate MOUs
Strategic joint venture with Brazilian & Asian industrial
Venture conglomerates on Haneti and Rukwa projects
8

9. Lake Victoria Goldfields
100 Km
African Barrick
Xstrata/Barrick Gold 5.1 M oz/ ~ 2.4 g/t
52 M t / ~ 2.6 % Ni
African Barrick
16 M oz/ ~ 12 g/t
AngloGold Ashanti
23 M oz/ ~ 4 g/t
3
African Barrick
4 2 4.1 M oz/ ~ 1.3 g/t
Dutwa
1
Kabanga Nyanzaga
5 African Eagle Resources
Lake 92 Mt/ ~ 0.88% Ni
Victoria 6
ARCHEAN GREENSTONE
Buswagi
MAJOR GOLD DEPOSIT
African Barrick
NICKEL DEPOSIT 4.1 M oz/ ~ 1.4 g/t Resolute Mining Haneti
2.7 M oz/ ~ 2.6 g/t
KIBONickel Deposit -PROJECT
LAKE VIC. SUB
BLOCK OUTLINES 1 to 6
Note: Mineral endowments shown are estimated pre-mining mineral resources
9

10. Lake Victoria Goldfields
 Assets
• Large portfolio of early stage mineral tenements covering 2,700 km2 scattered throughout the
central most gold prolific areas within the Lake Victoria Goldfield
• Kibo’s tenements are distributed within six large geographical blocks which cover the composite
Sukumaland Greenstone Belt, Tanzania’s most richly endowed gold terrain
 Area
• Region contains world class gold mines at Bulyanhulu (16 Moz.) and Geita (23 Moz.) and other
multi-million ounce mines at North Mara, Buswagi and Golden Pride (resources in the range 1 to
5 Moz.)
• Pipeline of more recent and some historic discoveries undergoing advanced exploration and
feasibility, including African Barrick’s 4 Moz. Nyanzaga deposit and Tanzanian Royalty’s 0.8 Moz.
Buck Reef deposit
 Work Undertaken
• Stage 1 field exploration targeted regional gold soil geochemical anomalies on four licences by in-
fill soil sampling
• Results have indicated areas for follow-up trenching and RAB/aircore drilling during Stage 2
exploration
10

11. Central & Eastern Projects
Ruvu Nappe
Area
Morogoro Project Morogoro Project Haneti
(Morogoro South) (Morogoro North) Project 11

12. Morogoro (North & South) Projects
 Assets
• Large portfolio covering 8,900 km2 within the newly emerging goldfield in the Morogoro-
Dodoma-Handeni areas of Tanzania
• Kibo blocks are adjacent to recent artisanal mining discoveries
• Discovery of high grade Magambazi gold deposit (30 km northeast of the Morogoro North licence
block) by Canaco Resources in 2009
 Work Undertaken
• Significant gold bearing structure (Ruvu Nappe) identified on Morogoro south block
• Stage 1 field exploration results have identified a number of gold-in-soil anomalies extending
South from an active small scale gold mining operation (Udovelo) over 28 km
 Future Exploration
• Stage 2 follow-up exploration will comprise detailed infill soil sampling, prospecting and
geological mapping of these areas with the objective of establishing near term drill targets
Examples of target type gold discoveries & mines
Name Location Company Type Resource
Magambazi Tanzania Canaco Resources Quartz sulphide veins in granulite Resource not yet
available
Navachab Namibia AngloGold Ashanti Skarn/quartz Stockwork 4.5 Moz
@ 1.17 g/t
Tropicana Australia Anglogold Ashanti/ Shear hosted in high grade gneiss 5 Moz @ 2 g/t
Independence Grp.

13. Haneti Project
 Asset
• Early stage nickel-platinum-gold project covering area of ~7,000 km2
• Straddles major geological boundary along sheared thrust front
• Extensive artisanal gold mining in northwest of project block on continuation of Londoni
Greenstone Belt
• Shanta Mining’s 1 Moz. Singida project just outside northwest corner of the Haneti project
 Work Undertaken
• Recent ground EM & magnetic geophysical surveying on two target areas
• Preliminary results indicate presence of EM conductors that will provide early nickel sulphide
targets for drilling in 2012
 Key target
• 80 km long ultramafic belt from which grades up to 13% nickel and 2.33 grams per tonne
platinum & palladium were obtained
 Recent Announcements
• 8 May 2012: Memo of Understanding (MOU) with a subsidiary of Brazilian industrial
conglomerate Votorantim Group (Votorantim) with a view to entering a definitive joint venture
• Votorantim to contribute up to £2.7 M to exploration expenditure over 3 years to acquire a 50%
interest in the project
• Expenditure of £0.5 M by Votorantim would be required by 31 December 2013
Name Location Company
Examples of target-type nickel discoveries & mines Type Resource
Kabanga Tanzania Xstrata/Barrick Sulphide 52 Mt/2.6% Ni
Dutwa Tanzania African Eagle Laterite 92 Mt/0.88% Ni 13
13

14. MEL & Mayborn Acquisition 2012
No. of shares in issue Asset Kibo share price for No. of new Kibo
prior to transaction Valuation transaction shares to be issued
Kibo Mining plc 415.1M
Mzuri Energy Ltd. (MEL)
54.6M *£20.41M £0.03 680.3M
**Mayborn Resources
Investments Ltd. (Mayborn) 25.6M *£0.8M £0.03 26.6M
Kibo Shares to be issued for MEL and Mayborn assuming 100% acquisition 706.9M
Summary Pre Transaction Post Transaction Comments
Kibo Shares in issue 415.1M 1,122M
Shareholding ( >5%)
Mzuri Capital Group 25.69% 25.69% to 30% Mzuri to stay < 30% by
share distribution to its
Directors 12.71% <5%
investors
Sunvest Corporation 7.41% <5%
Public Float 54.19% ~63%
* Contingent on independent fair value opinion, acceptance by 100% MEL shareholders and by Kibo shareholders at
GM
** Mayborn holds 50% interest in the Pinewood uranium & coal project under JV with MEL who hold the other 50%
14

15. Rukwa Coal & Pinewood
Recent Major Investments
Rukwa Coal Resource (109 Mt ) Mchuchuma coal mine – Sichuan Hongda
NOTE: See Appendices for CP-Statement
invested $3 bn in mine, thermal coal plant
and nearby iron ore deposit in September
Locations of Pinewood 2011
uranium & coal tenement Mantra Resource’s Nyota uranium
discovery sold for $1.16 bn in June 2011
licence blocks to Atomredmetzoloto
15

16. Rukwa Coal & Pinewood
 Mtwara Corridor
• Projects are located within the Mtwara Corridor, an area where the Tanzanian Government has
committed to significant infrastructure development and which has seen recent multi-million
dollar foreign investment in coal and coal-fired power stations and uranium exploration
 Rukwa
• NI 43-101 compliant resource of 109 Mt (71.34 Mt Indicated/38.05 Mt Inferred) thermal coal
resource located in the Gaula coal field, southern Tanzania
• Discovered and drilled by the Mzuri Group in the period 2008 to 2011
• Comprises two Prospecting Licences (PLs) and two contiguous PL applications covering a total
area of 1,557 km2 that provide excellent potential to expand the current coal resource by
continued exploration
• Presently owned and operated by Rukwa Coal Ltd. a Tanzanian company which is 100% owned by
Mzuri Energy Holdings Ltd (MEL) of which Kibo has recently agreed to acquire at least 51%
• 15 May 2012: MEL signed MOU with an Asian global conglomerate for the development of the
Rukwa coal resource and a 250-350 MW mine mouth coal fired power station
 Pinewood
• comprises over 18,000 km2 of uranium and coal PLs and PL applications over a large area of
southern Tanzania which has seen significant discovery success and investment in recent years
16

17. Exploration Time Line & Budget
Exploration Budget
• Q3 Field programme activated Project £ Budget £ Total Spend
• Q4 Funding to complete STAGE 1 BUDGET £ 1.3M *£0.8M
2011 Stage 1 in place
LakeVictoria/Haneti/
Morogoro
• Q1 Stage 1 completed
• Q2 Initial Stage 2 funding in STAGE 2 BUDGET
place and additional assets
Lake Victoria £0.5M
acquired
Haneti £1M
Budget ExpenditureDrilling programmes
2012 • Q3
underway Morogoro North £0.84M
• Q4 Independent technical Morogoro South £0.81M
reports on projects completed
Rukwa Coal £3.35M
Mayborn £0.9M
• Establish preliminary resource
for priority projects TOTAL STAGE 2 £7.4M
2013-2014 • Budget spend during Stage 1 was less than planned as delays in
conversion of licence applications to active licences for Lake
Victoria and reassessment of exploration strategy has required
deferral of most of stage 1 expenditure for this project to Stage 2.
• NOTE: The above budget figures covers a period over 24 -36
months and will be partly funded from future planned capital 17
raisings. 17

18. Stage 2 Programme Detail
STAGE 1 EXPLORATION BUDGET £0.8 M COMPLETE
STAGE 2 EXPLORATION BUDGET
 Consolidation of Lake Victoria exploration
blocks and completion of deferred Stage 1
exploration spend for this project. £0.5 M
 Drilling of targets generated during Stage 1 at
Haneti & follow up exploration. £1.0 M
 Follow up on areas of anomalous soil and stream
geochemistry at Morogoro and drilling where EE
targets sufficiently resolved. £1.65 M
 Infill resource drilling, scoping study & regional
exploration drilling at Rukwa coal to upgrade to
measured resource and test strike extension of existing
109 Mt resource. £3.35 M
 Initial geological assessment of Mayborn uranium
coal licences including aerial geophysical surveys. £0.9 M
Total Stage 2 Budget £7.4 M 18

19. Progress Report
 Acquisition of large pipe-line of gold prospective ground area in
Tanzania.
 Commencement of 2011-2012 field exploration programmes.
 Completion of Stage 1 Exploration: Ruvu Nappe, Morogoro North &
Haneti Hills.
 Re-structuring & widening of strategic focus.
EE
 Acquisition of Mzuri Energy and Mayborn Resources.
 Commencement of Stage 2 exploration with increased budget of
£7.4M to cover work on newly acquired projects.
 Follow up drilling to define JORC-compliant resources on priority
target(s).
 Target and acquire further portfolio-enhancing opportunities.
19

20. Why Kibo?
 Extensive Landholding
Over 18,000 km2 of licences across Tanzania in present licences alone
Kibo licences ‘grandfathered’ from present government limit of 2,000 km2
 Gold Exploration
Licences in established and newly emerging gold addresses
 Focus on JV Partners
Strategy to develop projects with strong commercial JV partners
 Transformational Acquisitions
Proposed acquisition of Rukwa Coal Project and Pinewood uranium licences will accelerate company development
and has the potential to add further ~19,646 km2 landholding
 Experience
Directors have been active in Tanzania since the mid-nineties
Relationships built from governmental to local levels including strong Corporate Social Responsibility focus
20

21. Board of Directors
Christian Schaffalitzky (Non-Executive Chairman)
● Geologist with over 35 years experience in mineral exploration and mining finance.
● Managing Director of AIM-listed Eurasia Mining plc.
● Technical Director of Ivernia West plc and central to the discovery and development of the Lisheen
zinc deposit in Ireland in the mid nineties.
Louis Coetzee (Managing Director & CEO)
● Business entrepreneur with 25 years experience in business development promotion and financing.
● Vice-president of business development with Canadian listed, Great Basin Gold Limited 2007-2009.
● Currently COO of Mzuri Capital Group Limited, an energy group with coal, oil & gas interests in
Tanzania and Russia, and Chairman of Australian listed East African Resources Limited.
Noel O’Keeffe (Exploration Director)
● Geologist with over 20 years experience in mineral exploration.
● Former Exploration Manager of AIM-listed Ormonde Mining plc in Tanzania.
● Exploration management experience in Europe, Canada and Australia.
William Payne (Non-Executive Director & CF0)
● Chartered Accountant with over 20 years experience.
● Partner at London office of Wilkins Kennedy.
Des Burke (Non-Executive Director)
● Geologist with over 40 years experience in exploration promotion & financing.
● Founding director of AIM-listed Petroneft Resources plc and Executive Director with responsibility
for public relations from 2005 to 2009.
● Founding director of AIM-listed Ormonde Mining plc and CEO from 1995 to 2000.
Tinus Maree (Non-Executive Director)
● Lawyer with extensive public company directorship experience.
● Principal of the River Group and CEO of Mzuri Capital Group Limited.
● Successful record in development and sale of mineral projects in Tanzania.
Wenzel Kerremans (Non-Executive Director)
● Lawyer with over 25 years legal experience in mining, banking and project finance.
● Extensive experience in advising clients on mining investment in Africa. 21

22. Company Advisors
• AUDITORS: LHM Casey McGrath (Dublin)
• SOLICITORS: Eversheds O’Donnell Sweeney (Dublin)
Ronaldsons LLP (London)
Rex Attorneys (Tanzania)
• NOMAD: RFC Ambrian (London, Sydney)
• DESIGNATED ADVISOR (JSE)
• & CORPORATE ADVISOR: River Group (South Africa)
• JOINT BROKERS: Cornhill Capital (London)
Northland Capital Partners (London)
• PUBLIC RELATIONS: Fortbridge Consulting (London, Sydney,
Singapore, HK, Toronto, New York)
22

23. Appendices
June 2012
www.kibomining.com

24. Corporate History
Corporate Event Date # Shares Issued £ Price £ Cash raised
Private Placings & Corporate January 2008 – 170,270,896 0.025 -0.034 £1.35M
Structuring March 2010
Pre-IPO Placing March 2010 83,654,978 1.5p £1.25M
AIM Admission April 2010 (No cash raised on Admission)
Broker Placing October 2010 12,500,000 2.0p £0.25M
Placing – Mzuri Gold March 2011 16,666,667 3.0p £0.5M
Morogoro Gold Acquisition March 2011 56,666,667 3.0p N/A
Exercise of Broker Option March 2011 1,500,000 1.5p £0.022M
JSE Admission June 2011 (No cash raised on Admission)
Placing in South Africa June 2011 36,370,303 R 0.33 (~3.0p) £1.1M
Placing with Mzuri Gold February 2012 37,500,000 2.0p £0.75M
Total 415,129,511 £5.22M
Options & Warrants 17,103,517
Fully Diluted 432,233,028
24

25. Corporate Information
25

26. Financials to 31 March 2012
6 month pro-forma Accounts to 12 month Statutory Accounts to 30 Sept
31 Mar 2012 2011
£’000 £’000
Unaudited Audited
Assets
Non-current assets
Intangible assets 4,653 3,853
Total non-current assets 4,653 3,853
Current assets
Trade and other receivables 40 53
Cash and cash equivalents 700 937
Total current assets 740 990
Total assets 5,393 4,843
Equity
Called up share capital 3,545 3,232
Share premium 6,287 5,887
Reserves (4,596) (4,383)
Total equity 5,236 4,736
Liabilities
Current liabilities
Trade and other payables (157) (107)
Total current liabilities 157 107
Total equity and liabilities 5,393 4,843
26

27. Mzuri Group – a strategic partner
Mzuri Capital Public Shareholders
Group Ltd
Kibo Kibo
Acquisition Acquisition
March 2011 65% underway
100% 35% May 2012
100%
Mzuri Gold Mzuri Energy Holdings
Ltd Ltd (MEL)
Morogoro Gold Mzuri Coal Mbeya Uranium
Ltd Ltd Ltd.
Savannah Mining Jubilee Resources Rukwa Coal Pinewood Resources
Ltd Ltd Ltd. Ltd.
100% 100% 100% 50%
Lake Victoria Project Morogoro Project Rukwa Project Pinewood Project
GOLD GOLD COAL (109 Mt) URANIUM & COAL
27

28. Rukwa Coal NI 43-101 Resource
This resource statement was prepared by Gemecs (Pty) Limited of South Africa and
the Qualified Person Statement on the following slide applies
28

29. Qualified Person Statement (Rukwa Coal)
CERTIFICATES OF QUALIFICATIONS
To accompany the report dated 19th April 2012 and entitled “Independent Technical Report for the Rukwa Coal Project, Mbeya Region,
United Republic of Tanzania”.
1. I am responsible for preparing the aforementioned independent technical report (or“ITR”);
2. I am a Director and Principal Geologist with the firm GEMECS (Pty) Limited (“GEMECS”) with an office at Visiomed Office park, 269
Beyers Naude Drive Randburg Johannesburg, South Africa;
3. I am a graduate of the University of the Free State (former University of The Orange Free State) Bloemfontein, , Pietermaritzburg
with a BSc Degree in Geology (1972). I graduated with a Master of Science (MSc) at the University of the Free State (1976). I have
practised my profession continuously since 1975;
4. I am registered as a Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific
Professions (SACNASP), Registration No 400066/98.;
5. I am a Fellow Member of the Geological Society of South Africa (FGGSA);
6. I have not received, nor do I expect to receive, any interest, directly or indirectly, in the Rukwa Coal Project.
7. As of the date of this certificate, to the best of my knowledge, information and belief,this updated ITR contains all scientific and
technical information that is required to be disclosed such as to make this ITR complete and not be misleading in any way;
8. I have read National Instrument NI 43-101 and Form NI 43-101F1 and by reason of my education and past relevant work
experience, I fulfil the requirements to be a “Qualified Person” for the purposes of National Instrument 43-101. This ITR has been
prepared in compliance with National Instrument 43-101 and Form 43- 101F1;
9. I as a Qualified Person , am independent of Mzuri Energy Limited and Rukwa Coal Limited as defined in 1.4 of National Instrument
43-101
10. I have personally inspected the Rukwa prospecting areas located in Mbeya District,Tanzania during a site visit conducted in June
2010. I visited the property for a period of 2 days.
11. Until my site visit during June 2010 I had no previous involvment in the Rukwa Coal Project.
12. GEMECS was retained by Rukwa Coal to prepare an updated independent technical
report for this project in accordance with National Instrument 43-101. The preceding report is based on our review of project files and
information provided by Rukwa and discussions with personnel of Rukwa;
Dated the 19th day of April 2012
CD van Niekerk Pr.Sci.Nat.
Director and Principal Geologist
29