INVESTOR PRESENTATION
March 2019
B”H
Introduction
First Mine
Upside – Future Projects
Mine to Market Strategy
Investment Highlights
Appendix
2
INTRODUCTION
3
PRESENTING TEAM
James AH Campbell, Non-Executive Director
A qualified geologist, James spent over 20 years with De Beers’ Global Mining
and Exploration Group before becoming Managing Director of African Diamonds
plc in 2006. Since then he has served on a number of UK and Canadian boards
including West African Diamonds plc, Stellar Diamonds plc and Rockwell
Diamonds Inc. He is currently Managing Director of Botswana Diamonds plc.
4	
Vered Toledo, COO
Vered has led Shefa Yamim’s exploration and operations team for over 19 years.
She is responsible for field, plant and laboratory activities and overseeing staff
affairs. She has extensive in-field experience with a focus on gemstones and
especially the rare, potential moissanite (SiC) and Carmel SapphireTM
discoveries
Michael Rosenberg, OBE, Non-Executive Director, Chairman Designate
An expert in corporate finance with over 40 years’ experience working on boards
globally. Extensive experience of being Chairman and Non-Executive Director of
UK listed companies. He is also a mentor to The Prince’s Trust.
OVERVIEW
5	
•  Transformational year with significant milestones achieved
in 2018
•  Two flagship projects, Kishon Mid-Reach and the Mount
Carmel
•  Received first prospecting licence for diamonds, gold
and precious stones in the Kishon Mid-Reach
•  Three additional permits (two prospecting and one
exploration), covering 60,000 hectares
•  Economic base for first mine firmly established
•  Technical Economic Evaluation places mine at the
lower end of the cost curve
•  Independent valuation of gemstones - cut and
polished Blue Carmel SapphireTM valued at
US$7,000 per carat and Natural MoissaniteTM valued
at US$10,000 per carat with remainder ranging from
US$25 – US$ 5,000 per carat
•  Launched first jewellery collection
•  Target high margins through ‘Mine to Market’ strategy -
exploring, mining, designing and selling jewellery worldwide
EXPLORATION & PROSPECTING PERMITS
6	
Exploration targets divided into three segments:
•  Proximal-Reach: Primary sources
•  Mid-Reach: Secondary sources (accessible)
•  Distal-Reach: Secondary sources
Mid-Reach divided into three zones at different stages
of development:
•  Zone 1 – Prospecting Licence + TEE
•  Zone 2 – Partly explored
•  Zone 3 – Still to be delineated, exploration target level
•  Company follows the internationally recognised SAMREC
2016 Code
•  Coloured gemstones found throughout the exploration
and prospecting areas
•  Initial focus on Kishon Mid-Reach deposit where the
exploration of an accessible placer formation is most
advanced
Exploration	and	prospecting	permits	covering	60,000	hectares		
centred	on	Mount	Carmel	and	the	Kishon	river	catchment.	
Shefa	Yamim	granted	its	first	Prospecting	Licence,	over	its	
alluvial	exploration	target,	the	Kishon	Mid-Reach	Zone	1	
Project.
GEMSTONES – A GROWING MARKET
7	
*Gemval Aggregate index (GVA) is calculated as a total value of 26 standard
specimens of gemstone, (GVA basis set) and represents the overall pricing trend in the
jewellery market. We have monitored GVA values since 1st July 2005. The current
value of GVA is measured in %, as a ratio of current GVA value to the initial value on
July 2005
Source: Gemval
Source: UN Trade Data
•  A growing market - US$2.4bn to US$6bn in the past five years
•  Gemstone market estimated to reach US$10bn in the next 10 years
•  The global gemstone market is approximately $23 billion
•  The popularity in non-diamond stones has soared in recent years. Prices have increased 100 percent
in the last decade
Source: Natural Resource Governance Institute
Governing the Gemstone Sector: Lessons from Global
Experience
FIRST MINE AT
KISHON MID-REACH
ZONE 1
8
9	
KEY ACHIEVEMENTS SINCE IPO
January 2018 March 2019
Yossi Harari
creates 31 piece
jewellery
collection with
gemstones
Bulk
sampling
campaign in
Zone 1 of
the Kishon
Mid-Reach
High grade
Spinel found
– Ilmenite
and Garnet
added to
Gem Box
PPM conducts
a Technical
Economic
Evaluation
Obtained IMA
accreditation
for new
mineral,
Carmeltazite
Independent
valuation of
Gem Box
Completed CompletedCompleted Completed CompletedCompleted Completed
Successful
equipment
upgrade at the
operational
site in Akko
KISHON MID-REACH ZONE 1
10	
•  Completed 14 bulk sample campaign, recovered 6,384
tonnes sampling with 9,778.15 carats produced to date
•  Estimated total content grade of 153.16 cpht
•  Granted prospecting licence 869C9 covering 252
Dunams at the Kishon Mid-Reach Zone 1 – taking it
one step closer to a mining licence
•  Progressing planning and regulatory procedures to
advance the area into trial mining
•  Targeting trial mining and production in the next 12 –
24 months (subject to funding)
SUMMARY OF
INDEPENDENT TEE REPORT
11	
•  Report places the first mine in Kishon Mid-Reach Zone 1 at the
lower end of the cost curve
•  Provides a base case for the development of the Kishon Mid-
Reach Zone 1 project
•  Provides estimates for the work and capital costs of bringing
the Kishon Mid-Reach project into production
•  Key findings included:
•  Mine can potentially process a total of 1.5Mt of gravel over
an 11-year Life of Mine ('LoM’), overburden removed would
be 1.8Mt
•  CapEx for development of the mine at US$11.3m or
US$7.5m through contract mining
•  Operating cost over LoM at US$26/t processed or US$27/t
processed through contract mining
•  Can halve unit operation cost to $10-15/t with small
investment in machinery to double processing capacity from
50tph to 100tph
•  Costs on a par with comparable diamond producers and at
the lower end of the precious stone producers
INDEPENDENT VALUATION OF GEMS
12	
•  Report provides expert professional opinion on the value
of the suite of precious stones
•  Independent valuation confirms belief in the significant
commercial potential in the Gem Box suite and project
•  Two minerals in particular attributed with a very high value
•  Blue Carmel SapphireTM at US$7,000 per carat
•  Natural MoissaniteTM at US$10,000 per carat
•  Natural Moissanite™ discovered by Shefa Yamim is the
largest in both volume and size ever found globally
•  Carmel Sapphire™ is not found anywhere else in the world
and is formed of the rare mineral Carmeltazite,
internationally recognised as a newly discovered mineral
•  Rarity, location and limited supply all adds significant value
to the Gem Box suite of gemstones
"Shefa Yamim is remarkable... this is the first time ever that
a large variety of precious and rare gemstones has been
found in one deposit.” Dr Gavrielov Gila, gemmologist with
40 years expertise
Shefa	Yamim	Gemstones	
Cut	&	Polished	
price	per	carat	
(US$)	
Natural	Moissanite™		
(crystals	till	<4mm	and	
rough	only)	
10,000	
Blue	Carmel	Sapphire™	
(Cabochon	cut)	
7,000	
Black	Carmel	Sapphire™	
(Cabochon	cut)	
5,000	
Hibonite	 1000	
Sapphire	 500	
Ruby	 500	
Spinel	 150	
Ilmenite	 105	
Garnet	 50	
Zircon	 100	
CPX	 45	
Mix	KIM's	(Garnet,	
ilmenite,	spinel,	CPX)	
30	
Rutile	 25	
Independent	valuation	of	stones	
in	Gem	Box
INDEPENDENT VALUATION - ALIGN RESEARCH
13	
•  Deposit (Kishon Mid-Reach Zone 1)
•  1.5 MT
•  Grade of 153 cpht
•  Valuation as per independent valuation
•  Mining
•  Life of mine: 11-years
•  CAPEX: $11.30m
•  OPEX: $26/t
•  NVP
•  At discount rate of 10%: £285m
•  At discount rate of 12%: £250m
•  Sum-of-parts-valuation using 30% of the NPV
(12%) is 376p
Sapphire	 															4.50		
Carmel	Sapphire™	 													39.36		
Ruby	 															0.08		
Natural	Moisssanite™	 															0.10		
Hibonite	 															0.33		
Spinel	 													61.91		
Garnet	 													34.09		
Ilmenite	 													12.06		
Zircon	 															0.58		
Rutile	 															0.13		
Sub-total	(per	100t)	 										153.14
INFRASTRUCTURE IN PLACE
14	
Operational Site and Minerological Laboratory
•  All samples (reconnaissance, follow up and bulk types)
are processed through the plants at the Akko
operational site
•  Final recovery is undertaken in the on-site laboratory
•  The laboratory follows internationally recognised
procedures and standards for mineral recovery, sorting
and identification
•  Use (ArcGIS) for modelling with additional analyses
undertaken using voxler®, strater® and surfer®
THE UPSIDE
15
16	
•  Continue exploration of Shefa Yamim’s permitted areas
covering approx. 60,000 hectares:
•  Prospecting Permit 837A12 for the Carmel site
covering an area of 327,551 Dunams (32,755
hectares);
•  Prospecting Permit 899A7 for the Ramot Menashe
site covering 112,904 Dunams (11,290 hectares); and
•  Exploration permit 869B8 covering 173,636 Dunams
(17,363 hectares)
•  Expand exploration efforts and bulk sampling in Zone 2 and
Zone 3 in the Kishon Mid-Reach Area as well at the primary
source in the Carmel mountain range
ROUTE TO PRODUCTION IN KISHON MID-REACH
KISHON MID-REACH ZONE 2 EXPLORATION
17	
•  Excellent progress in Zone 2 with results processed
from five bulk samples
•  Total of 3,935.60 carats of gemstones recovered
from five bulk samples from a total of 2,908.8
tonnes of gravel
•  A selection of the largest gemstones recovered
included:
•  Natural Moissanite™ 4.1mm, 3.90 ct Sapphire,
5.26 ct Carmel Sapphire™
•  Scheduled additional three bulk sample campaign in
Q2 and Q3 2019 will conclude exploration in Zone 2,
preparing for progress towards trial mining
MINE TO MARKET
STRATEGY
18
MINE TO MARKET STRATEGY
19	
•  Control over the exploration, development, mining,
design, and manufacture of unique jewellery mounted
with Shefa Yamim’s rare gemstones
•  Collections will be marketed worldwide with a licensed
brand name of gemstones from the soil of the Holy Land
•  Potential for direct sales to the consumer through:
•  online sales
•  exclusive franchises to large marketing chains
•  showroom located in one of the world’s largest
trading centres for diamonds and gemstones,
located approximately one hour’s drive from the
project
•  Intention to create fully integrated operation including
cutting and polishing, which is expected to increase the
value of the gem quality stones
•  Management has considerable experience in the
manufacturing and marketing of jewellery & precious
stones
"Shefa	Yamim	is	
remarkable...	
this	is	the	first	
time	ever	that	a	
large	variety	of	
precious	and	
rare	gemstones	
has	been	found	
in	one	deposit.”	
Dr	Gavrielov	Gila
RARE GEMSTONES FOUND
20	
We have a mine to market proposition with a unique
assemblage of precious stones in a unique locality:
•  The Carmel Sapphire™ - only found in Mount Carmel
(Primary source) and Kishon Mid-Reach (alluvial/
secondary deposit) in Northern Israel
•  Carmeltazite, found in the Carmel Sapphire™,
recognised as a new mineral
•  Natural Moissanite™ – largest quantity and size found
globally to date
“not only are the gems singular in their rarity and origins in the Holy Land,
but the mine life is limited to an approximated 15 years maximum. This
limited availability adds to the value of the gemstones.” Dr Gavrielov Gila
21	
•  Partnered with Yossi Harari for 31-piece exclusive
collection
•  First collection using gemstones from the Kishon
Mid-Reach area
•  Uniquely designed, handcrafted and branded 24-
karat gold jewellery line
•  Prices range between $1,000 and $85,000
•  Harari’s jewellery features in over 40 stores
worldwide and worn by some of the most famous
women in the world
•  Collaboration is a strong endorsement of the rarity
and diversity of our multi-commodity Gem Box
•  Significant milestone which forms part of ‘mine to
market’ strategy
HEAVEN ON EARTH COLLECTION
INVESTMENT HIGHLIGHTS
22	
•  Exposure to the gemstone assemblage via a
low cost route to production
•  Demand for coloured gemstones in the last five
years has grown by 145% to US$6bn
•  Progressing towards trial mining in the Kishon
Mid-Reach Zone 1
•  First mine in Kishon Mid-Reach Zone 1 at the
lower end of the cost curve
•  Mine to Market strategy and partnership with
world-renowned jewellery designer
•  Experienced international consulting team
INTERNATIONAL CONSULTING TEAM
Professor William Griffin
Respected academic and Professor of Geology at Macquarie University.
Program Director for Technology Development and Industry Interaction in the ARC
National Key Centre for Geochemical Evolution and Mettalogeny of Continents
(GEMOC).
23	
Dr. John Ward
Dr. Ward has a PhD in Geology and has won the Oliver Davies and Henno Martin
Medals for his contributions to academic and economic geology. A leading alluvial
diamond exploration geologist with over 35 years’ field experience.
Prof. Mike de Wit
Highly respected chief geologist focusing on diamonds and geophysicist. Worked
for two of the largest resources companies in the world, Anglo American in South
Africa and De Beers. Diamond focused geologist. A Professor at the University of
Pretoria.
Dr. Renato Spaggiari
Exploration Manager at Allotropes. Previously the Vice President at C&K Mining,
Cameroon. Strong geomorphology and sedimentology background. PhD research
dealt with favourable conditions for diamond deposits along Africa’s west coast.
THE BOARD AND SENIOR MANAGEMENT
Abraham (Avi) Taub, CEO
Co-founder of Shefa Yamim (A.T.M.) Ltd, Avi has over 45 years’
experience in all aspects of the gemstone sector from cutting, polishing
and marketing. A scholar of Gemology and Mineralogy, Avi is a second
generation of the founders of the Israeli diamond industry. A serial
entrepreneur, he has founded and managed a number of Israeli
companies.
24	
Vered Toledo, COO
Vered has led Shefa Yamim’s exploration and operations team for over
19 years. She is responsible for field, plant and laboratory activities and
overseeing staff affairs. She has extensive in-field experience with a
focus on gemstones and especially the rare, potential moissanite (SiC)
and Carmel SapphireTM discoveries.
David Ben David, CFO
Certified CPA for 15 years (BA in Economics and Accounting, Bar Ilan
University). Auditing & analyzing financial reports for various public
companies in Israel. Has an in-depth knowledge of the Capital Market
and analyzing financial data. Experienced in internal auditing and risks
assessment and management.
THE BOARD AND SENIOR MANAGEMENT
25	
Michael Rosenberg, Non-Executive Director, Chairman Designate
An expert in corporate finance with over 40 years’ experience working on
boards globally. Extensive experience of being Chairman and Non-
Executive Director of UK listed companies. He is also a mentor to The
Prince’s Trust.
James AH Campbell, Non-Executive Director
A qualified geologist, James spent over 20 years with De Beers’ Global
Mining and Exploration Group before becoming Managing Director of
African Diamonds plc in 2006. Since then he has served on a number of
UK and Canadian boards including West African Diamonds plc, Stellar
Diamonds plc and Rockwell Diamonds Inc. He is currently Managing
Director of Botswana Diamonds plc.
Nathalie Schwarz, Independent Non-Executive Director
A qualified lawyer, Nathalie started her career at leading global law firm Clifford
Chance focusing on cross-border mergers and acquisitions, corporate
restructurings, IPOs and private equity. She has extensive Board experience,
both as an Executive Director and Non-Executive Director, of UK listed
companies including Channel 4 Television Corporation, Capital Radio PLC and
Amiad Water Systems PLC. She is currently a Non-Executive Director on the
Board of UK publicly listed company Wilmington Group PLC.
THE BOARD AND SENIOR MANAGEMENT
26	
Gershon Fraenkel, Independent Non-Executive Director
Gershon Fraenkel is a British Citizen and founder of WST Charity Ltd, in North West
London which focuses on alleviating poverty within the Jewish Community in the area.
He has successfully launched many international businesses in the last 25 years,
including SEACO Group of Companies and Linkedell Ltd.
Hanoch Ehrlich, Independent Non-Executive Director
Hanoch Ehrlich is a qualified lawyer. He has worked on several international M&A
transactions, including advising companies in Central and Eastern Europe. He is
experienced in litigation, having represented various entities such as the Israel Military
Industries Ltd., the Shikun U’binui Group (the largest construction conglomerate in
Israel), the Ofer Brothers Group, the Yitzhak Tshuva Group, Bank HaPoalim, the Israel
Discount Bank, the Industrial Development Bank, the Israel Shipping Bank, Amdocs
(Israel) and the Israel Citrus Marketing Board.
David Nachshon, Independent Non-Executive Director
Israel David Nachshon, a graduate in Rabbinical Ordination, Mr Nachshon has
extensive ties within the Jewish community worldwide, as well as established
government relations in Israel. He has been on the board of Shefa Yamim (A.T.M.)
Ltd and Shefa Yamim Ltd since 1999, when the company was founded. Mr
Nachshon is a Board member of the Jewish community institution in Kiev, Ukraine,
Chairman of the Chabad Jewish Mobil Mitzva Centre, Chabad Youth Movement
Tzivos Hashem and Chabad Educational Institutions.
APPENDICES
27	
Diamond Natural	
MoissaniteTMDiamond
Carmel	
SapphireTM
2018 OPERATIONAL OVERVIEW
28	
Kishon Mid-Reach (4.5km long and approximately 150m wide)
•  Completed bulk sampling campaign in Zone 1 with 137 drilling surveys and 14 bulk samples
•  Produced 9,778.15 carats of gemstones from 6,384 tonnes of gravel
•  Results of exploration activity for Zones 1-3 show a significant increase in total volumes of mineralised
placer gravels from approximately 1.1 million tonnes (Mt) to 5 Mt
•  Increased gemstone suite to nine precious stones ("Gem Box"), with the potential to expand further, as
spinel, ilmenite and garnet are deemed to be of 'gem quality'
•  Granted first Prospecting Licence (869C9) and made good progress with planning and regulatory
procedures to advance the Kishon Mid-Reach Zone 1 area
•  Received official recognition on a new mineral in nature named Carmeltazite, discovered by Shefa
Yamim, and found in its gemstone, the Carmel Sapphire™
•  Renewed Exploration permit (869B8) covering an area of 17.36 hectares
Post Period Highlights
•  Paradigm Project Management (Pty) Ltd ("PPM"), completed TEE report
•  Yossi Harari completed 31-piece jewellery set titled Heaven on Earth
•  Excellent progress in Zone 2 with results processed from five bulk samples
•  Total of 3,935.60 carats of gemstones recovered from five bulk samples from a total of 2,908.8
tonnes of gravel
•  Extended prospecting permits 837A12 and 899A7 covering a total area of 44,045 hectares
29	
FY2018 P & L
30	
FY2018 Cash Flow
31	
FY2018 Balance Sheet
THE HISTORY
32
HISTORICAL DEVELOPMENT
33	
Shefa Yamim
(A.T.M.) Ltd.
established
1999
2003
2005
2012
2014
2017
2017
Secured exclusive
exploration and
prospecting rights
covering 60,000
hectares
Started drilling
program
Shefa Yamim Ltd started
trading on TASE
Started drilling
program in Zone 1
Completed CPR
in October
Shefa Yamim
(A.T.M.) Ltd listed on the LSE
in December
34	
MOISSANITE A RARE MINERAL
NATURAL SILICON CARBIDE (SiC)
The directors believe that Shefa Yamim is the only company in
the world to find large quantities of Natural Moissanite™
•  Deep blue-green colours
•  Transparency
•  Iridescence
•  The brilliance, fire, lustre and hardness of Natural Moissanite™
make it ideal to use in jewellery
•  Historically, small quantities found naturally
•  Produced artificially and sold as gems
•  Prices for rings range from circa.US$79 to over US$31,179 by
Charles & Colvard Ltd.
•  Shefa Yamim has found Natural Moissanite™ in Mt. Carmel-
Kishon River area, Israel
•  Single crystals to >4mm
•  Other localities worldwide - <2mm
Very rare mineral discovered by the French chemist Henri
Moissan in 1893
35	
CARMEL SAPPHIRE™
Carmel Sapphire™ is the dominant mineral species recovered
from bulk samples to date (with grades up to 255 cpht)
•  Colour typically orange-brown, transparent with pockets of volcanic
melt including metalliferous compounds
•  Pockets contain a unique assemblage of minerals usually found in meteorites
•  A registered brand “Carmel Sapphire”™
•  Polishing reveals unique qualities and considerable potential as gemstones
•  Carmeltazite, found in the Carmel Sapphire™, recognised as a new mineral
Carmel Sapphire™
Rough
Carmel Sapphire™
Cabochon cut
Carmel Sapphire™
Full cut
YOSSI HARARI
WORLD RENOWNED JEWELLERY DESIGNER
36	
•  Yossi Harari has partnered with Shefa Yamim to
create an exclusive jewellery collection using Shefa
Yamim’s gemstones
•  Career spanning over 26 years and a multiple
winner of the Couture Design Award, the ‘Oscars’ of
the jewellery industry
•  Known for timeless, handcrafted 24-carat gold
jewellery
•  His jewellery has been worn by some of the most
famous women in the world – Rhianna, Jane Fonda,
Oprah Winfrey, Jessica Alba etc.
•  Harari’s jewellery features in over 40 stores
worldwide
Source: www.yossiharari.com
Source: www.yossiharari.com
37	
WHY	ISRAEL?
•  World’s largest trade centre for diamonds
and precious stones
•  Low marketing costs
•  Established corporate governance and
democratic structures
•  Mining Laws based on English Law
•  Established infrastructure
•  Government supportive of natural
resources sector
38	
STRONG NEWSFLOW
39	
Disclaimer		
The material in this presentation has been prepared by and is general background information about Shefa Yamim
(A.T.M.) Ltd (the Company)’s activities as at the date of this presentation. This information is given in summary form
and does not purport to be complete. Information in this presentation, including forecast financial information, should
not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing
or selling securities or other financial products or instruments and does not take into account your particular investment
objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of
the information having regard to these matters, any relevant offer document and in particular, you should seek
independent financial advice. All securities and financial product or instrument transactions involve risks, which include
(among others) the risk of adverse or unanticipated market, financial or political developments and, in international
transactions, currency risk.
This presentation may contain forward looking statements including statements regarding our intent, belief or current
expectations with respect to the Company’s businesses and operations, market conditions, results of operation and
financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to
place undue reliance on these forward looking statements. The Company does not undertake any obligation to
publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after
the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of
forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical
examples are subject to uncertainty and contingencies outside the Company’s control. Past performance is not a
reliable indication of future performance.
This report (including any enclosures and attachments) has been prepared for the exclusive use and benefit of the
addressee(s) and solely for the purpose for which it is provided. Unless the Company provides express prior written
consent, no part of this report should be reproduced, distributed or communicated to any third party. The Company
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party in respect of this report.

Shefa Yamim corporate presentation March 2019 final

  • 1.
  • 2.
    Introduction First Mine Upside –Future Projects Mine to Market Strategy Investment Highlights Appendix 2
  • 3.
  • 4.
    PRESENTING TEAM James AHCampbell, Non-Executive Director A qualified geologist, James spent over 20 years with De Beers’ Global Mining and Exploration Group before becoming Managing Director of African Diamonds plc in 2006. Since then he has served on a number of UK and Canadian boards including West African Diamonds plc, Stellar Diamonds plc and Rockwell Diamonds Inc. He is currently Managing Director of Botswana Diamonds plc. 4 Vered Toledo, COO Vered has led Shefa Yamim’s exploration and operations team for over 19 years. She is responsible for field, plant and laboratory activities and overseeing staff affairs. She has extensive in-field experience with a focus on gemstones and especially the rare, potential moissanite (SiC) and Carmel SapphireTM discoveries Michael Rosenberg, OBE, Non-Executive Director, Chairman Designate An expert in corporate finance with over 40 years’ experience working on boards globally. Extensive experience of being Chairman and Non-Executive Director of UK listed companies. He is also a mentor to The Prince’s Trust.
  • 5.
    OVERVIEW 5 •  Transformational yearwith significant milestones achieved in 2018 •  Two flagship projects, Kishon Mid-Reach and the Mount Carmel •  Received first prospecting licence for diamonds, gold and precious stones in the Kishon Mid-Reach •  Three additional permits (two prospecting and one exploration), covering 60,000 hectares •  Economic base for first mine firmly established •  Technical Economic Evaluation places mine at the lower end of the cost curve •  Independent valuation of gemstones - cut and polished Blue Carmel SapphireTM valued at US$7,000 per carat and Natural MoissaniteTM valued at US$10,000 per carat with remainder ranging from US$25 – US$ 5,000 per carat •  Launched first jewellery collection •  Target high margins through ‘Mine to Market’ strategy - exploring, mining, designing and selling jewellery worldwide
  • 6.
    EXPLORATION & PROSPECTINGPERMITS 6 Exploration targets divided into three segments: •  Proximal-Reach: Primary sources •  Mid-Reach: Secondary sources (accessible) •  Distal-Reach: Secondary sources Mid-Reach divided into three zones at different stages of development: •  Zone 1 – Prospecting Licence + TEE •  Zone 2 – Partly explored •  Zone 3 – Still to be delineated, exploration target level •  Company follows the internationally recognised SAMREC 2016 Code •  Coloured gemstones found throughout the exploration and prospecting areas •  Initial focus on Kishon Mid-Reach deposit where the exploration of an accessible placer formation is most advanced Exploration and prospecting permits covering 60,000 hectares centred on Mount Carmel and the Kishon river catchment. Shefa Yamim granted its first Prospecting Licence, over its alluvial exploration target, the Kishon Mid-Reach Zone 1 Project.
  • 7.
    GEMSTONES – AGROWING MARKET 7 *Gemval Aggregate index (GVA) is calculated as a total value of 26 standard specimens of gemstone, (GVA basis set) and represents the overall pricing trend in the jewellery market. We have monitored GVA values since 1st July 2005. The current value of GVA is measured in %, as a ratio of current GVA value to the initial value on July 2005 Source: Gemval Source: UN Trade Data •  A growing market - US$2.4bn to US$6bn in the past five years •  Gemstone market estimated to reach US$10bn in the next 10 years •  The global gemstone market is approximately $23 billion •  The popularity in non-diamond stones has soared in recent years. Prices have increased 100 percent in the last decade Source: Natural Resource Governance Institute Governing the Gemstone Sector: Lessons from Global Experience
  • 8.
    FIRST MINE AT KISHONMID-REACH ZONE 1 8
  • 9.
    9 KEY ACHIEVEMENTS SINCEIPO January 2018 March 2019 Yossi Harari creates 31 piece jewellery collection with gemstones Bulk sampling campaign in Zone 1 of the Kishon Mid-Reach High grade Spinel found – Ilmenite and Garnet added to Gem Box PPM conducts a Technical Economic Evaluation Obtained IMA accreditation for new mineral, Carmeltazite Independent valuation of Gem Box Completed CompletedCompleted Completed CompletedCompleted Completed Successful equipment upgrade at the operational site in Akko
  • 10.
    KISHON MID-REACH ZONE1 10 •  Completed 14 bulk sample campaign, recovered 6,384 tonnes sampling with 9,778.15 carats produced to date •  Estimated total content grade of 153.16 cpht •  Granted prospecting licence 869C9 covering 252 Dunams at the Kishon Mid-Reach Zone 1 – taking it one step closer to a mining licence •  Progressing planning and regulatory procedures to advance the area into trial mining •  Targeting trial mining and production in the next 12 – 24 months (subject to funding)
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    SUMMARY OF INDEPENDENT TEEREPORT 11 •  Report places the first mine in Kishon Mid-Reach Zone 1 at the lower end of the cost curve •  Provides a base case for the development of the Kishon Mid- Reach Zone 1 project •  Provides estimates for the work and capital costs of bringing the Kishon Mid-Reach project into production •  Key findings included: •  Mine can potentially process a total of 1.5Mt of gravel over an 11-year Life of Mine ('LoM’), overburden removed would be 1.8Mt •  CapEx for development of the mine at US$11.3m or US$7.5m through contract mining •  Operating cost over LoM at US$26/t processed or US$27/t processed through contract mining •  Can halve unit operation cost to $10-15/t with small investment in machinery to double processing capacity from 50tph to 100tph •  Costs on a par with comparable diamond producers and at the lower end of the precious stone producers
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    INDEPENDENT VALUATION OFGEMS 12 •  Report provides expert professional opinion on the value of the suite of precious stones •  Independent valuation confirms belief in the significant commercial potential in the Gem Box suite and project •  Two minerals in particular attributed with a very high value •  Blue Carmel SapphireTM at US$7,000 per carat •  Natural MoissaniteTM at US$10,000 per carat •  Natural Moissanite™ discovered by Shefa Yamim is the largest in both volume and size ever found globally •  Carmel Sapphire™ is not found anywhere else in the world and is formed of the rare mineral Carmeltazite, internationally recognised as a newly discovered mineral •  Rarity, location and limited supply all adds significant value to the Gem Box suite of gemstones "Shefa Yamim is remarkable... this is the first time ever that a large variety of precious and rare gemstones has been found in one deposit.” Dr Gavrielov Gila, gemmologist with 40 years expertise Shefa Yamim Gemstones Cut & Polished price per carat (US$) Natural Moissanite™ (crystals till <4mm and rough only) 10,000 Blue Carmel Sapphire™ (Cabochon cut) 7,000 Black Carmel Sapphire™ (Cabochon cut) 5,000 Hibonite 1000 Sapphire 500 Ruby 500 Spinel 150 Ilmenite 105 Garnet 50 Zircon 100 CPX 45 Mix KIM's (Garnet, ilmenite, spinel, CPX) 30 Rutile 25 Independent valuation of stones in Gem Box
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    INDEPENDENT VALUATION -ALIGN RESEARCH 13 •  Deposit (Kishon Mid-Reach Zone 1) •  1.5 MT •  Grade of 153 cpht •  Valuation as per independent valuation •  Mining •  Life of mine: 11-years •  CAPEX: $11.30m •  OPEX: $26/t •  NVP •  At discount rate of 10%: £285m •  At discount rate of 12%: £250m •  Sum-of-parts-valuation using 30% of the NPV (12%) is 376p Sapphire 4.50 Carmel Sapphire™ 39.36 Ruby 0.08 Natural Moisssanite™ 0.10 Hibonite 0.33 Spinel 61.91 Garnet 34.09 Ilmenite 12.06 Zircon 0.58 Rutile 0.13 Sub-total (per 100t) 153.14
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    INFRASTRUCTURE IN PLACE 14 OperationalSite and Minerological Laboratory •  All samples (reconnaissance, follow up and bulk types) are processed through the plants at the Akko operational site •  Final recovery is undertaken in the on-site laboratory •  The laboratory follows internationally recognised procedures and standards for mineral recovery, sorting and identification •  Use (ArcGIS) for modelling with additional analyses undertaken using voxler®, strater® and surfer®
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    16 •  Continue explorationof Shefa Yamim’s permitted areas covering approx. 60,000 hectares: •  Prospecting Permit 837A12 for the Carmel site covering an area of 327,551 Dunams (32,755 hectares); •  Prospecting Permit 899A7 for the Ramot Menashe site covering 112,904 Dunams (11,290 hectares); and •  Exploration permit 869B8 covering 173,636 Dunams (17,363 hectares) •  Expand exploration efforts and bulk sampling in Zone 2 and Zone 3 in the Kishon Mid-Reach Area as well at the primary source in the Carmel mountain range ROUTE TO PRODUCTION IN KISHON MID-REACH
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    KISHON MID-REACH ZONE2 EXPLORATION 17 •  Excellent progress in Zone 2 with results processed from five bulk samples •  Total of 3,935.60 carats of gemstones recovered from five bulk samples from a total of 2,908.8 tonnes of gravel •  A selection of the largest gemstones recovered included: •  Natural Moissanite™ 4.1mm, 3.90 ct Sapphire, 5.26 ct Carmel Sapphire™ •  Scheduled additional three bulk sample campaign in Q2 and Q3 2019 will conclude exploration in Zone 2, preparing for progress towards trial mining
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    MINE TO MARKETSTRATEGY 19 •  Control over the exploration, development, mining, design, and manufacture of unique jewellery mounted with Shefa Yamim’s rare gemstones •  Collections will be marketed worldwide with a licensed brand name of gemstones from the soil of the Holy Land •  Potential for direct sales to the consumer through: •  online sales •  exclusive franchises to large marketing chains •  showroom located in one of the world’s largest trading centres for diamonds and gemstones, located approximately one hour’s drive from the project •  Intention to create fully integrated operation including cutting and polishing, which is expected to increase the value of the gem quality stones •  Management has considerable experience in the manufacturing and marketing of jewellery & precious stones "Shefa Yamim is remarkable... this is the first time ever that a large variety of precious and rare gemstones has been found in one deposit.” Dr Gavrielov Gila
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    RARE GEMSTONES FOUND 20 Wehave a mine to market proposition with a unique assemblage of precious stones in a unique locality: •  The Carmel Sapphire™ - only found in Mount Carmel (Primary source) and Kishon Mid-Reach (alluvial/ secondary deposit) in Northern Israel •  Carmeltazite, found in the Carmel Sapphire™, recognised as a new mineral •  Natural Moissanite™ – largest quantity and size found globally to date “not only are the gems singular in their rarity and origins in the Holy Land, but the mine life is limited to an approximated 15 years maximum. This limited availability adds to the value of the gemstones.” Dr Gavrielov Gila
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    21 •  Partnered withYossi Harari for 31-piece exclusive collection •  First collection using gemstones from the Kishon Mid-Reach area •  Uniquely designed, handcrafted and branded 24- karat gold jewellery line •  Prices range between $1,000 and $85,000 •  Harari’s jewellery features in over 40 stores worldwide and worn by some of the most famous women in the world •  Collaboration is a strong endorsement of the rarity and diversity of our multi-commodity Gem Box •  Significant milestone which forms part of ‘mine to market’ strategy HEAVEN ON EARTH COLLECTION
  • 22.
    INVESTMENT HIGHLIGHTS 22 •  Exposureto the gemstone assemblage via a low cost route to production •  Demand for coloured gemstones in the last five years has grown by 145% to US$6bn •  Progressing towards trial mining in the Kishon Mid-Reach Zone 1 •  First mine in Kishon Mid-Reach Zone 1 at the lower end of the cost curve •  Mine to Market strategy and partnership with world-renowned jewellery designer •  Experienced international consulting team
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    INTERNATIONAL CONSULTING TEAM ProfessorWilliam Griffin Respected academic and Professor of Geology at Macquarie University. Program Director for Technology Development and Industry Interaction in the ARC National Key Centre for Geochemical Evolution and Mettalogeny of Continents (GEMOC). 23 Dr. John Ward Dr. Ward has a PhD in Geology and has won the Oliver Davies and Henno Martin Medals for his contributions to academic and economic geology. A leading alluvial diamond exploration geologist with over 35 years’ field experience. Prof. Mike de Wit Highly respected chief geologist focusing on diamonds and geophysicist. Worked for two of the largest resources companies in the world, Anglo American in South Africa and De Beers. Diamond focused geologist. A Professor at the University of Pretoria. Dr. Renato Spaggiari Exploration Manager at Allotropes. Previously the Vice President at C&K Mining, Cameroon. Strong geomorphology and sedimentology background. PhD research dealt with favourable conditions for diamond deposits along Africa’s west coast.
  • 24.
    THE BOARD ANDSENIOR MANAGEMENT Abraham (Avi) Taub, CEO Co-founder of Shefa Yamim (A.T.M.) Ltd, Avi has over 45 years’ experience in all aspects of the gemstone sector from cutting, polishing and marketing. A scholar of Gemology and Mineralogy, Avi is a second generation of the founders of the Israeli diamond industry. A serial entrepreneur, he has founded and managed a number of Israeli companies. 24 Vered Toledo, COO Vered has led Shefa Yamim’s exploration and operations team for over 19 years. She is responsible for field, plant and laboratory activities and overseeing staff affairs. She has extensive in-field experience with a focus on gemstones and especially the rare, potential moissanite (SiC) and Carmel SapphireTM discoveries. David Ben David, CFO Certified CPA for 15 years (BA in Economics and Accounting, Bar Ilan University). Auditing & analyzing financial reports for various public companies in Israel. Has an in-depth knowledge of the Capital Market and analyzing financial data. Experienced in internal auditing and risks assessment and management.
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    THE BOARD ANDSENIOR MANAGEMENT 25 Michael Rosenberg, Non-Executive Director, Chairman Designate An expert in corporate finance with over 40 years’ experience working on boards globally. Extensive experience of being Chairman and Non- Executive Director of UK listed companies. He is also a mentor to The Prince’s Trust. James AH Campbell, Non-Executive Director A qualified geologist, James spent over 20 years with De Beers’ Global Mining and Exploration Group before becoming Managing Director of African Diamonds plc in 2006. Since then he has served on a number of UK and Canadian boards including West African Diamonds plc, Stellar Diamonds plc and Rockwell Diamonds Inc. He is currently Managing Director of Botswana Diamonds plc. Nathalie Schwarz, Independent Non-Executive Director A qualified lawyer, Nathalie started her career at leading global law firm Clifford Chance focusing on cross-border mergers and acquisitions, corporate restructurings, IPOs and private equity. She has extensive Board experience, both as an Executive Director and Non-Executive Director, of UK listed companies including Channel 4 Television Corporation, Capital Radio PLC and Amiad Water Systems PLC. She is currently a Non-Executive Director on the Board of UK publicly listed company Wilmington Group PLC.
  • 26.
    THE BOARD ANDSENIOR MANAGEMENT 26 Gershon Fraenkel, Independent Non-Executive Director Gershon Fraenkel is a British Citizen and founder of WST Charity Ltd, in North West London which focuses on alleviating poverty within the Jewish Community in the area. He has successfully launched many international businesses in the last 25 years, including SEACO Group of Companies and Linkedell Ltd. Hanoch Ehrlich, Independent Non-Executive Director Hanoch Ehrlich is a qualified lawyer. He has worked on several international M&A transactions, including advising companies in Central and Eastern Europe. He is experienced in litigation, having represented various entities such as the Israel Military Industries Ltd., the Shikun U’binui Group (the largest construction conglomerate in Israel), the Ofer Brothers Group, the Yitzhak Tshuva Group, Bank HaPoalim, the Israel Discount Bank, the Industrial Development Bank, the Israel Shipping Bank, Amdocs (Israel) and the Israel Citrus Marketing Board. David Nachshon, Independent Non-Executive Director Israel David Nachshon, a graduate in Rabbinical Ordination, Mr Nachshon has extensive ties within the Jewish community worldwide, as well as established government relations in Israel. He has been on the board of Shefa Yamim (A.T.M.) Ltd and Shefa Yamim Ltd since 1999, when the company was founded. Mr Nachshon is a Board member of the Jewish community institution in Kiev, Ukraine, Chairman of the Chabad Jewish Mobil Mitzva Centre, Chabad Youth Movement Tzivos Hashem and Chabad Educational Institutions.
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    2018 OPERATIONAL OVERVIEW 28 KishonMid-Reach (4.5km long and approximately 150m wide) •  Completed bulk sampling campaign in Zone 1 with 137 drilling surveys and 14 bulk samples •  Produced 9,778.15 carats of gemstones from 6,384 tonnes of gravel •  Results of exploration activity for Zones 1-3 show a significant increase in total volumes of mineralised placer gravels from approximately 1.1 million tonnes (Mt) to 5 Mt •  Increased gemstone suite to nine precious stones ("Gem Box"), with the potential to expand further, as spinel, ilmenite and garnet are deemed to be of 'gem quality' •  Granted first Prospecting Licence (869C9) and made good progress with planning and regulatory procedures to advance the Kishon Mid-Reach Zone 1 area •  Received official recognition on a new mineral in nature named Carmeltazite, discovered by Shefa Yamim, and found in its gemstone, the Carmel Sapphire™ •  Renewed Exploration permit (869B8) covering an area of 17.36 hectares Post Period Highlights •  Paradigm Project Management (Pty) Ltd ("PPM"), completed TEE report •  Yossi Harari completed 31-piece jewellery set titled Heaven on Earth •  Excellent progress in Zone 2 with results processed from five bulk samples •  Total of 3,935.60 carats of gemstones recovered from five bulk samples from a total of 2,908.8 tonnes of gravel •  Extended prospecting permits 837A12 and 899A7 covering a total area of 44,045 hectares
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  • 33.
    HISTORICAL DEVELOPMENT 33 Shefa Yamim (A.T.M.)Ltd. established 1999 2003 2005 2012 2014 2017 2017 Secured exclusive exploration and prospecting rights covering 60,000 hectares Started drilling program Shefa Yamim Ltd started trading on TASE Started drilling program in Zone 1 Completed CPR in October Shefa Yamim (A.T.M.) Ltd listed on the LSE in December
  • 34.
    34 MOISSANITE A RAREMINERAL NATURAL SILICON CARBIDE (SiC) The directors believe that Shefa Yamim is the only company in the world to find large quantities of Natural Moissanite™ •  Deep blue-green colours •  Transparency •  Iridescence •  The brilliance, fire, lustre and hardness of Natural Moissanite™ make it ideal to use in jewellery •  Historically, small quantities found naturally •  Produced artificially and sold as gems •  Prices for rings range from circa.US$79 to over US$31,179 by Charles & Colvard Ltd. •  Shefa Yamim has found Natural Moissanite™ in Mt. Carmel- Kishon River area, Israel •  Single crystals to >4mm •  Other localities worldwide - <2mm Very rare mineral discovered by the French chemist Henri Moissan in 1893
  • 35.
    35 CARMEL SAPPHIRE™ Carmel Sapphire™is the dominant mineral species recovered from bulk samples to date (with grades up to 255 cpht) •  Colour typically orange-brown, transparent with pockets of volcanic melt including metalliferous compounds •  Pockets contain a unique assemblage of minerals usually found in meteorites •  A registered brand “Carmel Sapphire”™ •  Polishing reveals unique qualities and considerable potential as gemstones •  Carmeltazite, found in the Carmel Sapphire™, recognised as a new mineral Carmel Sapphire™ Rough Carmel Sapphire™ Cabochon cut Carmel Sapphire™ Full cut
  • 36.
    YOSSI HARARI WORLD RENOWNEDJEWELLERY DESIGNER 36 •  Yossi Harari has partnered with Shefa Yamim to create an exclusive jewellery collection using Shefa Yamim’s gemstones •  Career spanning over 26 years and a multiple winner of the Couture Design Award, the ‘Oscars’ of the jewellery industry •  Known for timeless, handcrafted 24-carat gold jewellery •  His jewellery has been worn by some of the most famous women in the world – Rhianna, Jane Fonda, Oprah Winfrey, Jessica Alba etc. •  Harari’s jewellery features in over 40 stores worldwide Source: www.yossiharari.com Source: www.yossiharari.com
  • 37.
    37 WHY ISRAEL? •  World’s largesttrade centre for diamonds and precious stones •  Low marketing costs •  Established corporate governance and democratic structures •  Mining Laws based on English Law •  Established infrastructure •  Government supportive of natural resources sector
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  • 39.
    39 Disclaimer The material inthis presentation has been prepared by and is general background information about Shefa Yamim (A.T.M.) Ltd (the Company)’s activities as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products or instruments and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to the Company’s businesses and operations, market conditions, results of operation and financial condition, capital adequacy, specific provisions and risk management practices. Readers are cautioned not to place undue reliance on these forward looking statements. The Company does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside the Company’s control. Past performance is not a reliable indication of future performance. This report (including any enclosures and attachments) has been prepared for the exclusive use and benefit of the addressee(s) and solely for the purpose for which it is provided. Unless the Company provides express prior written consent, no part of this report should be reproduced, distributed or communicated to any third party. The Company does not accept any liability if this report is used for an alternative purpose from which it is intended, nor to any third party in respect of this report.