AfriTin Mining : Exploration Presentation June 2021 August 2, 2021

EXPLORING NAMIBIA'S TECH- METAL PROVINCE

JUNE 2021

DISCLAIMER

These presentation slides (the "Slides") do not comprise an admission document, listing particulars or a prospectus relating to AfriTin Mining Limited ("the Company") or any subsidiary of the Company, do not constitute an offer or invitation to purchase or subscribe for any securities of the Company and 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 purchase securities in the Company. The Slides and the accompanying verbal presentation are confidential, and the Slides are being supplied to you solely for your information and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose. 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. No representation or warranty, express or implied, is given by or on behalf of the Company or its respective 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 (including in the case of negligence but excluding any liability for fraud). The Slides contain forward-looking statements, which relate, inter alia, to the Company's proposed strategy, plans and objectives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and the Company accepts no obligation to disseminate any updates or revisions to such forward-looking statements. 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 associations or partnerships, the trustees of high value trusts) and persons to whom distribution may otherwise lawfully be made. Any investment, investment activity or controlled activity to which the Slides relates is available only to such persons and will be engaged in only with such persons. Persons of any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon the Slides. The Slides should not be distributed, published, reproduced or otherwise made available

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CONTENTS

1. OVERVIEW AND MARKET BACKDROP
2. UIS AND ITSBY-PRODUCT POTENTIAL
3. OTHER LICENCES IN THE AFRITIN PORTFOLIO

DEVELOPING TECH-METALS CHAMPION

• Flagship asset: Uis Tin Mine
• • Nameplate production surpassed consistently since November 2020
• Low-costtin producer
• • Large scale, open cast operation
  • Existing infrastructure, national road to port
• Significant battery metal optionality ( Ta, Li) has potential to transform project economics
• • By-productspotentially worth more than Sn
• Expansion of asset portfolio
• • Substantial geological potential from historically producing areas
  • Systematic exploration of historical brown and green field targets

• World class geological team
• Continued focus on staff safety andwell-being

TIN MARKET FUNDAMENTALS

Market Overview

• International Tin Association reporting tin demand could double by 2050
• The tin price has recovered topre-COVID-19 levels, topping

US$33 290/t - the highest since 2011

• Semiconductor industry is one of the biggest consumers of solder (~40% of all tin consumed)
• • Increased global demand for semiconductors due to the development of smart devices
  • Tin is predicted to be the metal most positively impacted by the development of future technologies and 'The Internet of Things'

Demand outpaces supply

Supply Shortage

• Tin market has faced a consistent supply deficit over recent years, forecast to remain in deficit until 2022. Shortages due to:
• • Covid-19production cuts
  • Production cuts from several Chinese smelters
  • Closure of Chinese production plants in Yunnan
  • Reduced exports from Myanmar
  • Environmental and regulatory hurdles in Indonesia
  • Depleting resources and grades from Latin America supply
• Ample opportunities for growth in the market which will serve to exacerbate the existingdemand-supply gap

World: Outlook for refined tin supply and demand, 2020-2030 (t Sn) - Roskill