NE Recent Drill Results – Zone 5 Cu Grade Long Section Indicated boundary Inferred boundary 1,000 mRL 800 mRL 600 mRL 400 mRL 200 mRL 00 mRL Cu% * 5m Length < / = 1.0% 1.0 – 1.5% 1.5 – 2.0% 2.0 – 2.5% > / = 2.5% Completed Hole Waiting for assay results SW 500 m Geologic Controls on Mineralization at Khoemaca u’s Zone 5 Cu-Ag Deposit, Kalahari Copper Belt, Botswana 200 km Khoemaca u Project Introduction Location Regional Setting and Stratigraphy • The Kalahari Copper Belt (KCB) is host to a number of strata- bound Cu-Ag deposits and mining operations in southern Africa • The Khoemaca u Project area is located within this belt and hosts the Zone 5, high grade Cu-Ag deposit • Recent drilling at Khoemaca u’s Zone 5 deposit has outlined an estimated 100.3 Mt @ 2.0 % Cu and 20 g/t Ag at a 1.0 % Cu cut-off that remains open at depth and along strike V V V V V Cu-Ag Lithology Age Mamuno Formation (~1,500 m) D’Kar Formation (~1,500 to 2,500 m) Ngwako Pan Formation (0 to 3,500 m) Kuke Formation Kgwebe Formation (0 to ~2,500 m) GHANZI GROUP Late Mesoproterozoic N e o p r o t e r o z o I c Unconformity Unconformity • The KCB forms the southern margin of the Pan-African Damaran Orogeny • Crustal shortening, regional folding, thrusting and shearing resulted in northeast trending, doubly plunging anticlines • The lower D’Kar formation hosts high grade Cu & Ag (>1.0% Cu) and is part of the Ghanzi Group Sediments • The Ghanzi Group sediments were deposited during the Neoproterozoic into an intra-cratonic rift basin Regional Mineralization Disseminated Strata-bound Copper Reduced Hanging Wall D’Kar Formation Oxidized Footwall Ngwako Pan Formation Hydrothermal Trap Site Environment Ngwako Pan Formation D’Kar Formation Zone 5 faults & thrusts folds Stratigraphic Zonation: Pyrite (HW) Sphalerite Galena Chalcopyrite Bornite Chalcocite (FW) Section N125150 100 m 56° D’Kar Formation Ngwako Pan Formation Kalahari Sand Average 9 m @ 2.0% Cu, 20 g/t Ag Zone 5 Deposit A A’ 56° • High grade Cu-Ag mineralization intersected at depths > 1,200 m below surface • Ore is situated between two competent, thick sandstone units (NPF & MSST) • Vein shears are sub-parallel to bedding and cross cut host rock assemblages • > 425 holes and > 190,000 m of drilling at Zone 5 • Khoemaca u Copper Mining drilled > 325 core holes, ~170,000 m (27 rigs operating in 2015) 2.7 % Cu, 30 g/t Ag 11 m 2.3 % Cu, 19 g/t Ag 11 m 2.7 % Cu, 31 g/t Ag 12 m 2.1 % Cu, 24 g/t Ag 12 m Continuity Ore Styles Hydrothermal Breccia Vein Hosted Copper HA-947b-D (726.13m – 727.13m) Core Assay: 9.7 % Cu, 66 g/t Ag Quartz – Calcite Vein Bornite & Chalcocite Host: fine grained siltstone 4.7 cm HA-920-D (610.18m to 628.45m = 18.3m) Core Assay: 3.3 % Cu, 22 g/t Ag Host: fine grained siltstone Bornite & Chalcopyrite Disseminated & Cleavage Veinlet Hosted Copper Cleavage & Fracture Fill 4.7 cm HA-920-D (610.18m – 611.03m) Core Assay: 3.7 % Cu, 24 g/t Ag Hydrothermal Reactivated Vein Shear Hosted Copper HA-951b-D (597.69m – 598.41m) Core Assay: 6.1 % Cu, 33 g/t Ag Sheared Quartz – Calcite Vein Bornite Host: fine grained siltstone 4.7 cm • Cu-Fe-S (bornite, chalcopyrite) dominate high grade vein shears with accompanying Cu-S (chalcocite) • >1% Cu mineralization hosted in hydrothermal quartz veins with adjacent >0.1% Cu disseminations • Repeated mineralization events and pervasive fluid flow Mineral Resource Tabulation • Recent drilling has confirmed an additional 24 Mt grading 1.9% Cu and 20 g/t Ag • In the last year, drilling increased the total contained Cu by 39% at a higher grade of 2.0% Cu from 1.9% Cu • Historic resource conversion rate of 100% Zone 5 100.3 Mt 2.0 % Cu, 20 g/t Ag 20 km N OPEN OPEN OPEN Catherine Knight [email protected] 1,2* John Deane, 2 David J. Catterall, 3 and M. Stephen Enders 1 1 Cupric Canyon Capital LLC, Scottsdale, Arizona 85258 2 Cupric Africa, Bedfordview, South Africa 3 Blue Clay Agencies, Farscape Exploration, Maun, Botswana Conclusions • Sediment hosted strata-bound deposit • Mineralization is hosted within siltstones and sandstones within the D’Kar formation near the Ngwako Pan formation contact • Copper sulfide mineralization is predominately bornite, chalcopyrite and chalcocite • Mineralization is typically zoned vertically and laterally • Progressive structural deformation lead to multiple episodes of mineralization and an extensive system of quartz and quartz carbonate shears and brecciation 3.1% Cu, 30 g/t Ag 17 m 3.4% Cu, 30 g/t Ag 23 m Zone 5 – July 2015 1% Cu cut-off (sulfide only) HA-1049-D 10.7% Cu, 122 g/t Ag 2m M tonnes Cu% Ag g/t Measured 16.1 2.2 20 Indicated 24.3 2.0 19 Inferred 35.9 1.9 20 Total All 76.3 2.0 20 3.7% Cu, 39 g/t Ag 20 m 2.3% Cu, 27 g/t Ag 13 m Interbedded alternating silts and sands Marker sandstone Carbon rich siltstone Limestone Lower marl Footwall sandstone Not to scale N