The document summarizes a presentation by Ahmet Arda, CEO of Advanced Mineral Research, about rare earth mining and processing in Turkey. It provides an overview of AMR Resources, which holds exploration licenses covering 1,860 square kilometers in Turkey. AMR has identified rare earth deposits at its Çanaklı project area and begun test production. The presentation outlines AMR's mine-to-market strategy, describes the mineralogy and metallurgy of the deposits, and provides estimates of resources, recoverable products, production costs, and market potential.

1. RARE EARTHS, SPECIALITY
& STRATEGIC METALS
INVESTMENT SUMMIT
Building rare earth mining & processing in Turkey
Ahmet Arda – CEO, Advanced Mineral Research
IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 17 MAR 2011
www.ObjectiveCapitalConferences.com

2. AMR Resources
www.amrminerals.co.uk

3. AMR Project Area Location
General Location of Aksu Diamas Project

4.  AMR Resources Ltd. (AMR) is a Mineral
Exploration and Mining Company with a long
term strategy of discovering and advancing big
deposits with strong production potential
Mine-to-Market Strategy

7. Company Overview
 100% ownership of mineral exploration licences
covering approximately 1,860 sq km in Turkey
 Located in Isparta Angle in Southwestern
Turkey, recognised as having a unique structural
and geological history.
 The licence area is a composite of exploration
project ground held under title by the AMR
Group.

8.  Our Mining & Concentrator Plant at
Çanaklı I A already began test production
on November 2010
 All our minerals of interest are liberated
for this reason there is no need for any
crushing and milling
 We only apply Wet Gravity and Magnetic
Methods

11. ENERGY ENVIROMENTAL
EFFICIENCY PROTECTION

12. Catalysts Electronics Ceramics Magnets
Petroleum refining Display phosphors Capacitors Motors
Chemical processing -- CRT Sensors Disc drives & disk
Catalytic converter -- PDP Colorants drive motors
Diesel additives -- LCD Scintillators Power generation
Industrial pollution Medical imaging Actuators
scrubber phosphors Microphones &
Glass speakers
Lasers Polishing compounds
Fiber optics MRI
Optical glass Anti-lock brake
Metal Alloys Optical temperature UV resistant glass
sensors system
Hydrogen storage X-ray imaging Automotive parts
-- NiMH batteries Thermal control mirrors Communication
-- Fuel cells Colorizers/Decolorizers systems
Steel Other
Electric drive &
Lighter flints Water treatment
propulsion
Aluminum/Magnesium Nuclear control rods
Frictionless bearings
Cast iron Pigments
Magnetic storage disk
Superalloys Fertilizer
Microwave power
Medical tracers
tubes
Coatings
Magnetic refrigeration
Magnetostrictive
alloys

13.  More than 3,000 Th-U-K quantitative analyses have
been made in the pits and trenches opened in the all
resources by RS-230-BGO-Super Spec spectrometer.
 Totally 1,500 mt Wire-Line Drilling has been made in
Çanaklı I and Kuyubaşı. Systematic samples are taken
from each of vertical 2.5 mt of these drillings from
these samples, totally 700 ICP-MS Whole Rock Major-
Trace Element analyses have been carried out in
Canada-ACME Laboratories.
 In consequence of these works;
TREO average concentration was determined as
1,000 gr/Ton

14.  In consequence of the Mineral Technology
studies made in the company laboratories
and the laboratories in the foreign
countries, it has been ascertained that;
 35% of the TREO can be concentrated by
Gravitation and Magnetic Separation
methods in -700µ+15µ Fractions.
 The major part of the REE minerals are in
the grain size of -15µ , and R&D studies
intended for recovery of these are on going.

15.  Firstly, 2,000 grains selected in the company
laboratory for mineral determination have
been subjected to Electron Microprobe
analyses in Hacettepe University Micro
Analysis Laboratories.
 Later, in an Australian company
INTELLECTION, 3 individual QEMSCAN
analyses have been made on the samples, 2
of which was from ÇANAKLI AREA and 1 from
KUYUBASI AREA.

16. Results Allanite Chevkinite Titanite (Sphene)
SG : 3,75WM SG : 4,5WM SG : 3,5 ?NM+WM
Element norm.wt% oxide % norm.wt% oxide % norm.wt% oxide %
O 20.3 33.1 37.2
Al 8.7
Si 12.7 6.6 13.0
Ca 12.0 3.1 14.8
Ti 12.2 20.3 20.6 34.4
Fe 14.7 8.5 1.4
Ba 1.7
Nb 0.6 0.9
Nd 0.3 0.35 2.0 2.3
La 9.9 11.6 14.8 17.4 2.0 2.3
Ce 12.0 14.7 18.6 22.8 9.0 11.1
Th 7.6 8.6 2.2 2.5
U
Total 100,0 100.0 100.0
 Titanites are different from the Classical Titanites.
 Density of some parts of the Titanites is higher than 4.
 These parts display very little magnetic characteristics and
remain in the form of Nonmagnetic fraction.
 These Titanites contain %~35 TiO2 and ~ 20% REE2O3.

17. 5 Magnetic Fraction of -0.5mm +45umHeavy Mineral (+2.85 SG)
XRF assay (% for major, ppm for REE)
fraction % mass SiO2 Fe2O3 MnO MgO P2O5 K2O SO3 Na2O BaO TiO2 Al2O3 Cr2O3 ZrO2 U Th Ce La Y Nd
srong mags (mag 1) 2.5 2.2 89.2 0.93 1.3 0.11 0.14 0.02 <0.01 0.03 5.1 2.2 0.04 0.11 7 25 284 120 28 115
weak mag (2-5) 3.3 38.4 19.7 0.38 9.2 0.54 1.4 0.05 1.3 0.12 4.3 8.6 0.15 0.25 30 172 2817 1496 211 1018
n/mag 0.5 24.1 2.6 0.11 3.0 17.5 0.69 0.44 0.76 0.08 5.5 3.6 0.03 5.6 293 936 6950 2680 725 3360
total 6.3 22.8 46.0 0.58 5.5 1.8 0.83 0.07 0.73 0.08 4.7 5.6 0.10 0.64 n/a n/a 238 2723 1407 967
AMR Concentrate / ICP-MS Analysis

18.  In accordance with
all the studies, it has
been determined
that;
 1/3 of the REEs
bound to TITANITE
mineral
 1/3 of the REEs
bound to
CHEVKINITE mineral
 1/3 of the REEs
bound to ALLANITE
mineral

19. XRF assay (% for major, ppm for REE)
fraction % mass SiO2 Fe2O3 MnO MgO P2O5 K2O SO3 Na2O BaO TiO2 Al2O3 CaO Cr2O3 ZrO2 U Th Ce La Y Nd
3.0A mag (-0.5 +0.21mm) 0.13 41.5 16.5 0.43 9.1 0.13 0.56 0.05 1.0 0.10 4.3 5.6 19.1 0.16 0.54 26 178 2,980 1,510 239 1,210
3.0A mag (-0.21 +0.045mm) 0.33 36.4 22.6 0.47 7.7 0.11 0.52 0.04 0.85 0.10 5.4 6.0 17.1 0.74 0.47 57 330 5,650 3,880 261 1,550
5.5A mag (-0.5 +0.21mm) 0.37 42.3 14.1 0.39 9.5 0.11 0.75 0.05 1.1 0.10 3.1 7.4 19.4 0.14 0.15 21 276 4,680 3,220 172 1,200
5.5A mag (-0.21 +0.045mm) 0.36 41.5 11.2 0.32 8.5 0.14 0.42 0.05 0.78 0.12 7.3 5.6 21.2 0.20 0.59 104 440 6,840 3,890 422 2,340
8.0A mag (-0.5 +0.21mm) 0.23 41.9 7.2 0.21 8.6 0.10 0.24 0.03 0.49 0.13 10.1 5.1 23.8 0.05 0.34 74 353 6,960 3,060 603 3,040
8.0A mag (-0.21 +0.045mm) 0.11 37.5 4.7 0.15 5.2 0.31 0.10 0.05 0.30 0.20 18.1 3.1 23.3 0.04 4.74 525 1,690 9,740 3,640 1,140 4,960
8.0A n/mag (-0.5 +0.045mm) 0.04 32.9 0.6 0.04 0.7 0.54 0.09 0.05 0.16 0.02 3.6 0.9 4.7 0.01 53.9 1,810 4,390 2,090 660 1,450 1,040
total 1.58 40.2 13.4 0.34 8.2 0.15 0.47 0.04 0.79 0.11 6.8 5.7 19.8 0.26 2.1 138 536 5,867 3,311 419 2,070

21. ORE TYPE
Mantle Origin, Heavy Mineral Sand like, Liberated, Pyroclastic Tuff
MINING METHOD
 Quarry: Hydromining - Dredge
 Concentrator: Hydrocyclone + Spiral + Magnetic Seperator
TOTAL RESOURCE : Up to 2 Billion Ton
RECOVERABLE RESOURCE BY CONVENTIONAL METHODS
 Up to 700 Million Ton (35%) (-0,70mm+0,015mm Fractions)
AVERAGE GRADE :
 1 Kg / Ton TREO 0,1 Kg / Ton Nb2O5
 5 Kg / Ton TiO2 60 Gr / Ton ThO2
 1 Kg / Ton ZrO2 30 Kg / Ton Fe3O4 (Micronized Magnetite)

22. RECOVERABLE PRODUCTS BY CONVENTIONAL METHODS :
 700,000 Ton TREO
 3,500,000 Ton TiO2
 700,000 Ton ZrO2
 70,000 Ton Nb2O5
 42,000 Ton ThO2
 21,000,000 Ton Fe3O4 (Micronized Magnetite)
MINING AND CONCENTRATOR PLANT ESTIMATED
OPERATIONAL COST :
 US$ 2–2.50 per Ton
IMPORTANT NOTE :
The rate of the Recoverable Resource by Conventional Methods is 35% of the Total Resource. This
amount was obtained by numerous Gravimetrical Tests applied to our ROM Material. We are aware
of the presence of the liberated economical minerals within grain size of -15/25µ. In order to gain
these fine economical minerals, Flotation Mineral Enrichment studies are continuing. Once
successful Flotation Test-Work is achieved the Recoverable Resource would reach up to 60-70%.

23. AMR
CANAKLI PROJECT
PROCESS DIAGRAM

24. Spiral I. Concentrate
Magnetite Production Shaking Table II. Concentrate

25. MARKET POTENTIAL FOR AMR PRODUCTS
RARE EARTHS
As China, making the 97% of world’s total REE production, cut an important portion of its Rare Earth exports due to meet her
own increasing need, there has been an important level of supply shortage for Rare Earths in the World.
Even though Lynas Corporation and Molycorp Minerals will start production at 2012-2013, as the consumption increases
parallel to the advances in technology, it is determined that the demand will be more than the supply for the next 5 years.
AMR, at full capacity, will produce about 5.500 Ton/year REO.
AMR will be the first to actualize the production of Rare Earths from local resources in Turkey.

26. AMR
STEP I
PRODUCTIO ROM
100 Ton / h
N DESLIMED
(-0,71 mm + 0,025 mm)
(35%) 35 Ton / h
SPIRAL CONCANTRATE I
(10% HM) 3,5 Ton / h
WLIMS
MAGNETITE HMC
(35%) 1,23 Ton / h (65%) 2,27 Ton / h
SHAKING TABLE
HM CONCANTRATE II MIDDLING (Stock)*
(25%) 0,57 Ton / h (75%) 1,70 Ton / h
HEAVY MINERAL PRODUCT - CONCANTRATE II
MAGNETITE HMC
(Ton) (Ton)
Hour 1,23 0,57
Day 30,00 13,70
Month 900,00 410,00
Year 10.000,00 4.600,00
HYDROMET OXIDE PRODUCT / YEAR
TREO 4.600 Ton X 5,0 % = 230 Ton
TiO2 4.600 Ton X 15,0 % = 690 Ton
ZrO2 4.600 Ton X 5,0 % = 230 Ton
ThO2 4.600 Ton X 1,5 kg / Ton = 7 Ton
Nb2O5 4.600 Ton X 4,0 kg / Ton = 18 Ton
* The Middling of 13.700 Ton/year will currently be stocked for future recovery of 0.5% TREO and other
economical minerals that it contains at certain grades.
* AMR is not treating the estimated Product Contents as a current NI 43-101 defined Product Contents
because Independent Consultant studies has not been finalized yet.

27. AMR
HYDROMETALLURGICAL
TESTWORK
For the extraction of REE, Minor Metals, and Thorium from the Heavy Mineral Concentrate that AMR is producing at Canakli 1
plant, and the Magnetite is separated, an Agreement is signed with Dr C.K. Gupta and Star Earth Minerals Pvt Ltd.
The details of the study, which will be conducted an overseen by Dr Gupta, are specified in the Agreement. 500kg representing
sample of the HMC that AMR is producing is sent to India, and the lab scale tests will be resulted within 1 month with
10kg sample.
The results of the Laboratory Tests will be submitted as a Simplified Flow Sheet and as a Preliminary Report by Dr Gupta.
In the light of the data that will be obtained from Lab Scale Tests, Pilot Scale Test-works will be conducted with the remaining
490kg, and finalized within 2 months.
Products to be recovered
Thorium Nitrate or Thorium Oxide Neodymium Oxide
Uranium Oxide Praseodymium Oxide
Zirconium Oxide Mix REO (Heavy REO)
Titanium Oxide Ferro Niobium (Optional)
Lanthanum Oxide Zirconium with Hf (Optional)
Cerium Oxide Iron Oxide (Optional)

28. AMR
2011 – 2013 SCHEDULE

31. AMR RESOURCES
www.amrminerals.co.uk
AMR Madencilik İşletmeleri San. ve Tic. A.Ş.
ABC Yolu, ABC Plaza Kat:4
34460 Istinye, Istanbul
Tel: +90 212 323 3435
Fax: + 90 212 229 5463
amr@amrmadencilik.com.tr
AMR Resources Ltd We are members of:
Alliance House
12 Caxton Street
London SW1H 0QS
Tel: +44 20 7799 1000
Fax:+44 20 7799 1020
ahmet.arda@amrminerals.co.uk