Archie Rantao presentation at the JHB Indaba September 2014

1. Lerama Resources Pty Ltd
THE LION’S LAIR
The Joburg Indaba
9th October 2014

2. Who are we?
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Lerama was created in 2003 with a vision to develop a genuinely broad-based BEE
company in the mineral exploration and project development space in
SOUTH AFRICA
Lerama is 71% black-owned; 23% of the shares are held by women
Board of Directors Title Experience
Laurence Robb Chairman and CEO
Has 35 years’ experience in economic geology both as an academic and a consultant in Africa
and Europe. Laurence Robb was Professor of Economic Geology and Director of the
Economic Geology Research Institute in the University of the Witwatersrand’s School of
Geosciences. He is currently based at Oxford University as a Visiting Professor and consults
widely throughout Africa
Archie Rantao COO
Entrepreneur who is currently one of the directors of the Pre-Paid company – a subsidiary of
Blue Label Telecoms
Ido Lekota Community Affairs
Ido is former political editor of Sowetan, South Africa’s largest daily newspaper. Extensive
knowledge of South African politics as well as an understanding of the current government’s
drive for black economic empowerment
Lerato Madiba Financial
The daughter of co-founder, Sam Madiba (now deceased), has recently qualified as an
accountant
Michele Robertson Mineral Tenure
One of South Africa’s foremost mineral tenure consultants, Michele brings over 25 years of
mineral exploration experience to the company
Mike Scott Technical
Prominent South African geologist, mining entrepreneur - founder of Lesego Projects, Minex
Projects and The MSA Group, now one of South Africa’s largest geoservices companies.
Thabo Hlanjwa Non-executive Managing Director of HDM Construction based in the Eastern Cape

3. What is our focus? ……….polymetallic IOCG look-alikes
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The Company is focused on the evaluation and development of early stage prospecting rights for polymetallic
deposits in the Bushveld Complex
The focus of its exploration activities is the so-called category of IOCG (Iron Oxide-Copper-Gold) deposits, well
known in many other parts of the world, but under-explored in southern Africa
Lerama sees significant benefit in targeting polymetallic ore deposits comprising several key commodities
(i.e. Cu, Ag, Au, Pb, Zn, U, REE) and in its geographical focus on the Bushveld Complex, one of the great
metallotects of the World
Another of Lerama’s key advantages for investors is that it holds first-mover advantage in those portions of the
Bushveld Complex that offer potential for the discovery of IOCG deposits, many of which are known about
historically, but have not been recognized as yet for their true potential
WE HAVE THE EXPLORATION MODEL……….
OUR AIM IS TO FIND THE NEXT –
Olympic Dam (Australia)
Carajas/Salobo (Brazil)
Kansanshi (Zambia)
Vergenoeg…..NEARBY

4. Our existing licence portfolio……ELEPHANT COUNTRY
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 Lerama Resources owns a portfolio of exploration licenses in the eastern Bushveld, specifically in the Marble Hall
(Limpopo) and Bronkhorstspruit (Mpumulanga) districts
 The Targets are all polymetallic and have many similarities to classic IOCG deposits
Dronkfontein-Vlakfontein [Sn-W-Zn-Cu]
Boschhoek [Cu-Zn-Ag]
Albert Silver Mine [Cu-Ag-Au-Pb-U]

5. Project Overview: 1. Boschhoek Project [Cu-Zn-Ag]
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 The Boschhoek Project is located on the farms Boschhoek 752KS and Loskop Noord 12KS (several portions), approximately
180 kilometres north-east of Johannesburg and just 12 kilometres north-east of the town of Marble Hall at the Limpopo-
Mpumalanga provincial boundary
 Multiple (quartz-hematite-chalcopyrite-sphalerite) veins define a mineralized footprint that is over 4000m in length and 500m
wide
 Copper grades range between 0,5% and 2,25% (historical drilling)
Boschhoek
Interpretation of the
mineralized footprint on
Boschhoek and Loskop
Noord relative to the present
target (yellow box)
Loskop Noord

6. Boschhoek - update
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TWO PHASES OF DRILLING NOW COMPLETED (Q3-2014)....2000m DD and 4000M RC – RESOURCE PENDING

7. Project Overview: 2. Albert Silver Mine [Cu-Ag-U-Au-Pb]
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 The Albert Silver Mine was discovered in 1885 and was mined continuously for approximately 8 years until around
1893
 Like Boschhoek, it is a multiple vein system with a strike of 2500m
 It is a high grade - frequently 100g/t to 300g/t and up to 787g/t (equivalent to 12g/t gold) - silver deposit that also
contains significant Cu, U and Au mineralization

10. Albert Silver Mine Project
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LERAMA’S INITIAL DRILLING PROGRAMME COMPLETED IN MAY ‘14
MasterDrilling carried out 600m of diamond core drilling and
1200m of RC drilling in Q1/Q2 2014
Next phase of drilling planned for Q1 2015...to be followed
by a maiden resource statement
REVERSE CIRCULATION
DIAMOND DRILLING

11. Albert Silver Mine Project
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SUBSTANTIAL INFORMATION OBTAINED FROM ANGLO AMERICAN ARCHIVES
Old Anglo drill data digitized and plotted
In DataMine©

12. Project Overview: 3. Vlakfontein Tin Mine
 The Vlakfontein Tin Project comprises of four farms centred on the 1950s Vlakfontein Tin Mine, situated in the
Limpopo Province some 10 km NNW of Marble Hall and 140 km NE of Pretoria
 Mineralization extends for several kilometres onto the adjacent farm Dronkfontein and is polymetallic and zoned,
comprising Sn – W – Zn - Cu
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stratiform, Sn-bearing breccia

13. Vlakfontein tin project
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Proof-of-concept drilling (2013) has established significant Sn grades over much thicker widths than expected!
0 5000 10000 15000 20000 25000 30000 35000
1
4
7
10
13
16
19
22
25
28
31
34
37
40
43
46
49
52
55
58
61
64
67
70
73
Sn (ppm) down-the-hole
0.3% Sn over 12.7m
..... 1.6% Sn over 1.75m
.....0.19% Sn over 2.6m
.....0.05% Sn over 5m
...initial diamond drilling has revealed
a tin zone that is 13m thick at an
average grade of 0.3%

14. Vlakfontein Tin Mine JV with Bushveld Minerals (2013)
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CEO of Bushveld Minerals, Fortune Mojapelo said: "We are excited about
the recent addition to the Bushveld Tin portfolio at a time of strong buoyancy
within the tin market. The Marble Hall Tin Project will significantly boost the
overall tin inventory of the company, adding a high quality asset with significant
historical exploration conducted on it already. This is in line with our aim to
consolidate more than 50,000 tons of near-surface tin assets that have potential
to be brought into production in the short-term."

15. RECENTLY AWARDED LICENCE - SLIPFONTEIN
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PROJECT PIPELINE
SLIPFONTEIN (IOCG).........copper, fluorite, gold, iron
Previously a Rio Tinto prospecting right which had
work carried out on it during the late 1990’s
To be further explored in 2015
AWARDED
MAY 2014
GEOLOGICAL MAPPING
AFTER J P HUNT (2005)
– MSc thesis, University
of the Witwatersrand

16. Lerama’s structure and existing funding streams
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 Lerama is a holding company whose assets
are comprised primarily of three exploration
projects that are each housed in special
purpose vehicles (SPVs)
 Each of these SPVs has a joint venture
partner who has provided the funding to
support the development of these projects to
date
 Meruka Mining has expended R10m in the
evaluation of the Boschhoek Project through
its partnership with AASMF
 Roodepoortjie Resources has expended
R10m in the evaluation of the Albert Ag Mine
Project through its partnership with AASMF
 The Vlakfontein Project is being evaluated in
partnership with VM Investments and a total of
R3m has been expended to date
 Newly awarded Slipfontein license block will
be placed into a 4th SPV named
SLIPFONTEIN RESOURCES Ltd. Funding for
this project has still to be raised
Lerama
(Holding Co.)
MERUKA Mining
[BOSCHHOEK]
30% AASMF
70% Lerama
Roodepoortjie
Resources
[ALBERT Ag MINE]
50% AASMF
50% Lerama
Vlakfontein
Resources
[VLAKFONTEIN]
50% VMI/Bushveld
50% Lerama
Corporate Group Structure
Meruka Mining has a social partnership with the Matlala
Community, east of Marble Hall – a pre-school creche is
currently being built with funds provided by Meruka

17. We are offering......
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MERUKA MINING
(70%)
ROODEPOORTJIE
RESOURCES
(50%)
VLAKFONTEIN
RESOURCES
(50%)
SLIPFONTEIN
RESOURCES
(100%)
BOSCHHOEK.....A POTENTIAL OPEN CAST Cu OPERATION THAT REQUIRES
PRE-FEASIBILITY ASSESSMENT (R7m)
EQUITY IN
LERAMA
BASED ON A VALUATION (VUNANI CAP) OF R50.5million....
WE ARE OFFERING EQUITY STAKE FOR R20- 30 million
THIS WOULD EXPOSE INVESTORS TO........
ALBERT SILVER MINE.....A POTENTIAL HIGH-GRADE Ag-Cu-U UNDERGROUND
OPERATION THAT REQUIRES PRE-FEASIBILITY ASSESSMENT (R8m)
VLAKFONTEIN....A UNDERGROUND Sn OPERATION THAT HAS THE
POTENTIAL TO BE SA’s LARGEST TIN MINE – RESOURCE DRILLING
REQUIRED (R2m)
SLIPFONTEIN.....AN IOCG-TYPE EXPLORATION PROJECT THAT REQUIRES
PRELIMINARY RESOURCE DRILLING AND ASSESSMENT (R3m)