AfriTin Mining : Investor Presentation February 2021 February 4, 2021

Vox Markets & Turner Pope

Investments Webinar

3 February 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 in whole or in part by recipients to any other person and, in particular, should not be distributed to persons with an address in the United States of America, Australia, the Republic of South Africa, the Republic of Ireland, Japan or Canada or in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement.

No securities commission or similar authority in Canada has in any way passed on the merits of the securities represented hereunder and any representation to the contrary is an offence. No document in relation to the placing of the Company shares has been, or will be, lodged with, or registered by, The Australian Securities and Investments Commission, and no registration statement has been, or will be, filed with the Japanese Ministry of Finance in relation to the placing or the Company's shares. Accordingly, subject to certain exceptions, the Shares may not, directly or indirectly, be offered or sold within Canada, Australia, Japan, South Africa or the Republic of Ireland or offered or sold to a resident of Canada, Australia, Japan, South Africa or the Republic of Ireland.

The Securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, any US Person as that term is defined in Regulation S under the US Securities Act. The Company has not been registered and will not register under the United States Investment Company Act of 1940, as amended. The Slides and their contents are confidential and should not unless otherwise agreed in writing by AfriTin Mining Limited be copied, distributed, published or reproduced (in whole or in part) or disclosed by recipients to any other person.

2

Company

Overview &

Market Backdrop

3

ABOUT US: BECOMING THE AFRICAN TIN CHAMPION

• A tin mining company with a portfolio of production and near production tin assets in Africa
• • Uis Tin Mine - Namibia - Previously the worlds largest open cast tin mine
  • Nameplate tin concentrate productionachievedat Uis for Stage I of Phase 1 during November 2020; nameplate production target exceeded
    Total production for Jan-Nov 2020: 301 tonnes
  • 5000tpatin concentrate target for Phase 2 (~1% of the global tin supply)
  • Mokopane Tin Project - South Africa
  • London'sONLY pure playlisted tin company
  • Continually looking to build our portfolio with additional assets in
    Africa
• Experienced Management team
• From listing on AIM to first production intwo years
• Well placed to benefit from the tin supply shortage
• Potential for the production of multiple battery metals, with hugetantalumand lithiumby-product upside potential under

investigation at Uis

4

LONDON'S ONLY PURE-PLAY TIN LISTING

STRATEGIC PRINCIPLES

STRATEGIC OBJECTIVES 2021

The right commodity

Sound market fundamentals, supporting stable commodity price outlook

Early production

Phased development approach allows for early cash flows, while significantly de-risking Phase 2

Phase 1 Stage 2 Expansion PHASE 1 CONTINUOUS IMPROVEMENT

PROJECTS IN PROGRESS

Low cost curve

First quartile cash-cost curve for Phase 2

Scalable

Large mining licence area with over 180 mineralised, outcropping pegmatites within 5km of the existing pilot plant

ACHIEVE STEADY		IDENTIFY AND EXPLORE
STATE PRODUCTION		ADDITIONAL TIN
		OPPORTUNITIES

5

ENVIRONMENTAL, SOCIAL AND GOVERNANCE

AfriTin Mining complies with all applicable safety, health & environmental laws in addition to our own company policies and requirements. We strive to use resources sparingly so as to reduce the impacts of our operations on the environment, stakeholders and surrounding communities.

PLANET

Monthly Monitoring

Ensuring compliance to the Operations Environmental Management Plan (OEMP) through monthly monitoring of:

• Dust fallout
• Surface water quality
• Static borehole water levels
• Onsite Safety, Health and

Environment (SHE) field audits Monthly monitoring allows for identification and mitigation of SHE impacts in a timely manner.

Pollution Control & Prevention

• Waste rock isco-disposed with tailings on existing waste rock dumps
• Good housekeeping practices are encouraged
• A hydrocarbon spill management plan has been implemented onsite

PEOPLE

Health & Safety of workers

• Occupational Health and Safety (OHS) policies and procedures are in place
• Safety is reemphasised daily through safety talks and shares
• H&S risks are assessed, controlled, mitigated and monitored

Social Development

• Sponsoring of local soccer teams
• Co-sponsorshipof a borehole drilled in the Ugab River to provide water to wildlife
• Purchasing of tin mined by artisanal miners operating in the mining licence
• Sponsoring the 2020 Rhino Run and Ride in support of The Rhino Trust of Namibia

Economic contribution in

Namibia

• Close to N$200M has been spent in the development of the Uis Tin Mine
• Majority of this expenditure has occurred in Namibia

Economic Support

• All permanent staff at the Uis Tin Mine are Namibian citizens
• Employing from within the local community wherever possible
• Supporting the local economy by supporting local accommodation, stores and restaurants
• Businesses have opened in Uis and substantial developments have occurred

INTEGRITY

We seek to gain competitive advantage through sound, ethical and legal practices.

Protection of our People

• Commitment to respecting labour & human rights
• We believe in a diverse & inclusive working environment
• Zero-tolerancepolicy for any form of harassment or bullying

Stakeholder Engagement

• Commitment to transparency & open communication
• Uis Tin Mine has not identified any stakeholder engagement risks
• The community is supportive of the Uis Tin Mine

AfriTin Mining is currently working towards compliancy with the International Finance Corporation'sPerformance Standards and is aiming to obtain its Conflict Free Certificate. Best practices are implemented wherever possible.

6

TIN MARKET FUNDAMENTALS

Market overview

• Tin is theglue of the technology revolution
• ~40% of all tin consumed as solder in semiconductors and circuitry
• • Current global shortage of semiconductors driving the demand for tin in an already constrained supply market
• Tin is predicted to be the metal most positively impacted by the development offuture technologiesand 'the Internet of Things', including energy-generationandenergy-storagedevices
• Tin, tied with copper, isthe best LME performerin the first half of 2020

Refined tin demand currently outpaces supply (000t) - ITA

Commodity demand in the electrical contact and

battery materials markets - MIT

Tin
Lithium			AV/EV
Cobalt
		Robotics
Silver
Nickel			Renewables
Gold			Oil & Gas
Tungs…
		Energy Storage
Vana…
Graph…			IT
Niobi…			Other
Zinc
PGM…
Salt

Supply Shortage

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

exacerbate the existing demand-supply gap

7

TIN MARKET FUNDAMENTALS

• International Tin Association reporting demand could triple by 2050
• The tin price has recovered topre-COVID-19 levels, topping US$24 000/t - the highest since 2014
• Semiconductor industry is one of the biggest consumers of solder
• • Global demand for semiconductors has a significant effect on the tin price due to the development of smart devices.
  • Demand for semiconductors set to increase with the uptake in the5G market, necessitating the development of new technology

Future Trends

• Increases in tin demand have historically coincided with technological advances
• Refined tin consumption ofc.340-370ktpa makes it a relatively small market
• Major tin demand comes from electronic solder, chemical and tin plate use

- Business Insider Markets

Tin Price (US$/t) at 02/02/2021

- ITA

TIN PRICE

TOPS US$24K

8

HUGE BY-PRODUCT UPSIDE POTENTIAL

• Tantalum
• • Roskill forecasts global demand will by grow by 4 - 5% pa between 2018 and 2028
  • Market driven by use in capacitors, tantalum chemicals, alloy additives, sputtering targets, mill products and cemented carbides
• Lithium
• • Lithium market continues to be buoyed by theLi-battery market
  • Consumption forecast to increase for all additional Li uses
  • Key factors driving demand: accelerating demand for EV, Increased usage and demand for portable consumer electronics, increased demand from theglass-making industry.

Forecast global consumption of tantalum by application,
2018-2028 (tonnes Ta) - Roskill	Forecast year-end tantalum pentoxide nominal
	prices, 2019-2028 (US$/kg Ta2O5) - Roskill

World Forecast Consumption of Lithium by Use 2010-2025 (t LCE) - Roskill

9

Projects

10

MAJOR AFRICAN TIN PROVINCES

AfriTin's portfolio includes an interest in a number of mining and exploration areas across Southern Africa

	Mining Licences
		Uis: ML134

• • C1/B1: ML 129
  • Nai-Nais:ML133
• Exploration Licences

Erongo Region,

Namibia

Bushveld Complex,

South Africa

Prospecting Rights

Mokopane Tin

2205PR

• Brandberg West: EPL5445

Tin Provinces of Africa

2371PR

Goantagab: EPL5670		AfriTin assets Sn, Li and Ta	11

NAMIBIAN ASSESTS - A REGIONAL FOOTPRINT

Historical mining footprint only a fraction of existing licence areas in a proven tin province. AfriTin aims to expand the company's footprint across the region.

EPL5

670

EPL5

445

ML 134

ML 129

ML1

33

• Brandberg West:Exploration licence EPL5445 covering 30 089 Ha

SOURCE: GOOGLE EARTH

• • Historically producingtin-tungsten deposit from the 1940's - 1980's, owned by SWACO, a Goldfields subsidiary
  • First stage of geological modelling using historical information complete, exploration programme planned for 2021 to confirm mining potential oftin, tungsten and copper
• Goantagab:Exploration licence EPL5670 covering 18 950 Ha

Uis:3 fully permitted mining licences: ML134 (the location of current mining activity), ML129 and ML133, with a combined	12
coverage of 27 860 Ha

UIS - FLAGSHIP ASSET

HISTORIC (CIRCA 1989)

CURRENT

Plant Discard

Thickener

Store

		Primary
	Workshop
				Filter
		Crusher
ROM						Press
Stockpile

Primary

Stockpile

Secondary

Crushing DMS 1

Plant

Grits

Dewatering

DMS 2 &

DMS 3

Concentrate

Store

Spiral Plant

	Historically the largest hard-rock tin mine in the world
		Operating in excess of 3 decades
		Historic production rates of ~1 500 tonnes Sn concentrate per
		annum
	Large scale, conflict-free deposit located in mine friendly
	Namibia
		Mining licences in place
	Tin mineralisation complimented by significant by-product
	potential including
		Lithium
		Tantalum
		Rare earth elements (REE's)
	2 phase multi-commodity development plan
		Phase 1: Stage 1 plant fully operational, nameplate capacity

Diesel Storage
Main
Backup
		generators		Reservoir
				Offices

achieved

Phase 2: Studies in progress

13

PROGRESS AT UIS

• Achieved a globally significantJORC-compliantmineral resource estimate (MRE) for V1 and V2
• • 95,539t oftin
  • 6,091t oftantalum
  • 450,265t oflithium oxide
• Construction of processing plantcompleted
• Nameplate tin concentrate productionachievedat Uis for Stage I of Phase 1 during November 2020
• Offtake agreement signedwith Thaisarco
• • 18successful shipments to date
• Robust Phase 1 economics confirm the significance of the pilot mining and processing facility as afull- scale commercial operation

14

GEOLOGICAL MODEL

Multiple mineralised pegmatites mapped	141 drill holes over V1 V2 pegmatites

• Historical IMCOR drill data for V1 and V2 pegmatites has been validated by AfriTin's Phase 1 exploration programme, allowing incorporation into geological modelling
• 141 drill holes along a 25m grid spacing utilised for high resolution modelling
• • Phase 1 weighted averages used for pegmatite intersections
  • V1 and V2 pegmatite intersections occur at depth
  • Drill data shows significant down dip thickening of the ore body compared to surface outcrop
• 3-Dgeological model completed and a JORC compliant resource declared
• • Utilised for block modelling and mine design

15

UIS JORC-COMPLIANT MINERAL RESOURCE ESTIMATE

Globally significant maiden resource

• Drill results validated the historical exploration data generated by ISCOR subsidiary IMCOR, allowing an additional 141 drill holes to be incorporated into the mineral resource estimate
• Ancillary elements analysed during the drilling campaign confirmed Ta and Liby-product potential
• The ancillary elements reported as part of the inferred mineral resource as the minerals were not sampled for in the historical ISCOR data
• The maiden resource is comprised from only one of the 12 existing pits (covering 16 pegmatite bodies) at Uis, namely V1V2
• • Total tonnes of ore reported in the JORC compliant MRE for V1V2 pegmatite body alone is greater than that reported for the historic reserve estimate over 16 historic pegmatite bodies

Historical Non-JORC Complaint Reserve Estimate* for 16

Uis pegmatite bodies

	Proven	Probable	TOTAL
Commodity	Sn		Sn		Sn
Grade	0.136%	0.135%	0.136%
Tonnes of	48 426	800	21 896	900	70 323	800
Ore
Contained	65 860	29 561	95 421
Metal (t)

	MRE of Tin within the V1 and V2 Pegmatites		MRE of Ancillary Elements within
	(Cut-off Grade 0.05% Sn)			the V1 and V2 Pegmatites
	Measured	Indicated		Inferred	TOTAL	Inferred	Inferred
Commodity	Sn	Sn		Sn	Sn	Li2O	Ta
Grade	0.139%	0.136%		0.130%	0.134%	0.63%	85 ppm
Tonnes of Ore	21 540 000	13 050 000		36 950 000	71 540 000	71 540 000	71 540 000
Contained	29 899	17 765		47 875	95 539	450 265**	6 091
Metal (t)

*SRK report declared reserve estimate in 1989	** Metal refers to Li2O	16

EXPLORATION UPSIDE

• Concurrent exploration programmes are targeting higher grade pegmatites with low stripping ratios
• Regional mapping programme completed on surrounding pegmatites
• • Visual confirmation of cassiterite mineralisation for over180 pegmatites within 5kmof processing plant
• Detailed mapping programme identified higher grade greisenised areas within mineralised pegmatites
• Ore bodies are up to 80m thick and over 1km along strike
• 67-meterintersection of the W17 pegmatite, south of mining area, displayed visible cassiterite grains over the entire intersection
• Historical pits mined on outcropping pegmatite, over 12 existing pits, these comprise historical
  SRK reserves (1989)

SOURCE GOOGLE EARTH

17

MINING

• Mining operations over the V1 and V2 pegmatites were established in May 2019
• Conventional open pit mining methods, with a truck and excavator mobile equipment combination utilised
• The combined mine plan delivers 2.75 million tonnes (represents 3% of the historical resource) of pegmatite at an average overburden stripping ratio of 1:1.5 to ensure exposure of ore in thelong-term
• Mine design, at 0.5 Mtpa RoM, provides sufficient inventory to supply Phase 1 processing plant with ore for more than 5 years, with the V1 and V2 pegmatite ore bodies supporting mining production rates far beyond the current requirements
• Mine design exploits outcropping pegmatites and excavations of the historical Uis mine

Section: V2 Pegmatite		Section: V1 Pegmatite
Topography
900 amsl			Topography
		800 amsl
Phase 1
Phase 4			Phase 5
	Phase 2
850 amsl		750 amsl
V2 Pegmatite		V1 Pegmatite
800 amsl		700 amsl

Hanging Wall

V2 Pegmatite

Person for Scale

18

METALLURGY

• Coarse grained cassiterite crystals allowing for easy liberation through crushing
• Efficientpre-concentration with dense medium separation (DMS) produces 80% waste rejection at high recoveries
• Large material density differentials (cassiterite > 5.0 g/cm3, gangue 2.7 g/cm3) allowing for efficient dense medium and gravity separation
• Tantalum mineral associated with the tin concentrate
• Preliminary lithium test work indicates potential for lithiumby-product. Further test work planned
• Plant design targets:
• • Sn recoveries >60% at concentrate grades of 60% Sn
  • Ta recoveries >15% at a concentrate grade of 22% Ta
  • Li recoveries >28% at a concentrate grade of 4% Li2O

19

PROCESS FLOW DIAGRAM

ROM

173 TPH Sn 0.14%

VGF and

Primary

Crushing

80 TPH

Sn 0.14%

Stockpile

		0.5 TPH	0.2 TPH	0.7 TPH
		Sn 4.59%	Sn 1.35%	Sn 3.57%

Rougher

23.5 TPH

Scavenger

Spiral

Spiral

Sn 0.04%

0.7 TPH

Fine

24 TPH

Sn 2.30%

Shaking

Sn 0.12%

Table

De-

0.1 TPH

Thickener

Sliming

4 TPH

0.04 TPH

Sn 0.13%

Sn 0.03%

28 TPH Sn 0.13%

De-

Sn 56.5%

2° - 4°

Watering

24 TPH

Crushing

Pre-

Sn 0.03%

4.1 TPH

and

Wash 1

2.8 TPH

12.6 TPH

Sn 0.13%

80 TPH

Screening

Sn 0.32%

Sn 0.08%

Sn 0.14%

67.4 TPH

Sn 0.14%

Pre-

Mids Re-

Pre-

Concentrate

DMS 1

DMS 3

Filterpress

0.1 TPH

Sn-Conc

28 TPH

Wash 2

Crush

24.6 TPH

Wash 3

12 TPH

Sn 60%

Sn 0.32%

Sn 0.08%

Sn 0.08%

25.2 TPH

0.11 TPH

Sn 0.32%

LIMS

Sn 59%

WHIMS

CGM-

0.08 TPH

DMS 2

Sn 6.12%

0.08 TPH

Conc

24.6 TPH

Sn 59%

Sn 0.08%

Product

Product

Waste

0.55 TPH

Re-

0.63 TPH

Shaking

0.55 TPH

Filter-

Crush

Table

Press

Sn 9.61%

Sn 9.61%

Sn 5.59%

39.4 TPH

4.6 TPH

Sn 0.02%

Sn 0.13%

20

Waste

Handling

INFRASTRUCTURE

Power supply

Formal (10 year) supply agreement concluded with Namibia Power Corporation:

Provides for the full on-site power requirements for Phase 1 mining and processing facility from the national grid

AfriTin constructed its own substation to transform the supply to medium voltage (11 kV) and installed a miniature substation to distribute power at 400 V in the processing plant

	Significantly more cost effective than diesel generated power
	Supply voltage of 66 kV
	Supply capacity of 1.5MVA
	Diesel generators currently in place to serve as backup power to the grid
Water supply
	Geohydrological study, water drilling and test pumping completed
	Process water requirements are supplied from well fields and open-pit
	lake areas in the surrounding mining area

AfriTin is fully permitted for water abstraction from boreholes (groundwater not potable but is suitable for use as plant water)

• Regional investigations for additional groundwater resources have

commenced

21

UIS PHASE 1: PROCESSING PLANT EXPANSION

AfriTin plans to increase the production capacity of the Phase 1 processing plant beyond the current Stage I. This will occur in three distinct steps (StagesII-IV). A BFS has begun on a Fast-tracked Stage II.

Stage I

Ore feed: 80tph

Tin feed grade: 0.139% Sn

Tantalum feed grade: N/A

Lithium feed grade: N/A

Tin recovery: 60%

Tantalum recovery: N/A

Lithium recovery: N/A

Tin conc. grade: 60% Sn

Tantalum conc. grade: N/A

Lithium conc. grade: N/A

• Pilot plant constructioncompleted
• Ramp-upto nameplate capacity completed

Stage II Fast-Tracked

Ore feed: 120tph

Tin feed grade: 0.139% Sn

Tantalum feed grade: 85ppm

Lithium feed grade: N/A

Tin recovery: 60%

Tantalum recovery: 15%

Lithium recovery: N/A

Tin conc. grade: 60% Sn

Tantalum conc. grade: 22% Ta2O5

Lithium conc. grade: N/A

• Increase throughput capacity
• Addition of a tantalumby-product

Stage III

Ore feed: 120tph

Tin feed grade: 0.139% Sn

Tantalum feed grade: 85ppm

Lithium feed grade: 0.63% Li2O

Tin recovery: 70%

Tantalum recovery: 30%

Lithium recovery: 28%

Tin conc. grade: 60% Sn

Tantalum conc. grade: 22% Ta2O5

Lithium conc. grade: 4% Li2O

• Increase tin recovery
• Addition of petaliteby-product
• Initial lithium test workcomplete

Stage IV

Ore feed: 120tph

Tin feed grade: 0.158% Sn

Tantalum feed grade: 85ppm

Lithium feed grade: 0.63% Li2O

Tin recovery: 70%

Tantalum recovery: 30%

Lithium recovery: 28%

Tin conc. grade: 60% Sn

Tantalum conc. grade: 22% Ta2O5

Lithium conc. grade: 4% Li2O

• Expansion of tin and tantalum concentrate production

22

UIS PHASE 2: LONG TERM DEVELOPMENT PLAN

Objectives

Leverage the production profile of Phase 1 in order to expand the operations of the business

Large-scale operation producing at least 5000 tonnes of tin concentration, representing ~1% of the global tin supply

Identify further mineralised pegmatites within project and regional area

Growth of portfolio through acquisition in country and elsewhere in Africa

Revenues in excess of US$100M in 5 years

23

EXPOSURE TO A MAJOR TIN ASSET OF GLOBAL SIGNIFICANCE

• Clear development timeline with catalysts for value creation:
• • Fully permitted operation
  • Production commenced August 2019
  • Nameplate capacity reached
  • Phase 1 Stage I production target exceeded
  • V1 V2 resourceJORC-compliant
  • Robust Phase 1 economics
• Junior mining company that delivers
• • Strong geological potential from a historically producing mine
  • Multi-commodityoptionality
  • A stable mining investment jurisdiction
  • Strongmedium-term demand for tin underpinned by growing applications in new technologies

24

Appendices

25

Team

Experienced and invested Board & Management team:

Glen Parsons

Chairman

• CEO of Mariana Resources from 2010 until its sale to Sandstorm for $175m in July 2017
• 20+ years' experience both as a mining executive and in investment banking

Frans van Daalen

COO

• Qualified mining engineer with 20+ years' operational and technical experience
• Co-founderand director of VBKom

Anthony Viljoen

CEO

• Mining entrepreneur - over 2 decades operating in Africa
• Founding director and former CEO of Australian listed Lemur Resources
• Successfully founded and directed Bushveld Minerals (AIM: BMN).
• Non-executivedirector at Bushveld Minerals

Terence Goodlace

Non-executive Director

• 40+ years' experience in mining; currently NED at Gold Fields and Kumba Iron Ore Limited
• Previously Gold Fields COO, Metorex Limited CEO, Impala Platinum CEO

Machiel Odendaal

Lead Engineer

• Qualified electrical engineer with 40+ years' experience and Chief Engineer at various mining operations in Southern Africa

Timothy Marais

Exploration Manager

• Qualified exploration geologist with over 10 years' experience
• Worked on multiple commodity projects across Africa - focus on project development, management andnear-term value realisation

Laurence Robb

Non-executive Director

• Professor of Economic Geology and Director of the Economic Geology Research Institute, University of the Witwatersrand's School of Geosciences
• Technical Director of Lerama Resources

Rob Sewell

CFO

• Chartered Accountant CA(SA) with 15 years commercial and financial experience across various industries
• Completed training at Deloitte in Johannesburg and gained international experience during a secondment to Deloitte Sydney office

Jan Rabe

Lead Process Engineer

• Qualified metallurgical engineer with 18 years' experience, Jan has fulfilled various technical management roles

Chris Smith

General Manager

• Qualified in Chemistry and 36 years' experience at various levels of management for several Listed Companies
• Experienced General Manager with strong process optimization, team

development and sustainable track record

26

UIS - ASSET HISTORY

		IMCORacquires the asset and		Imcor enlarges the plant to c.
Discovery of		installs a c. 35tph tin recovery
	plantto produce cassiterite		140tph producing c. 100-120 tpm
the asset.		concentrate.		cassiterite.
						1989
1911	1948/51	1958	1966	1980

Asset is acquired by Mr Angus Munro; Uis Tin Mining Co (SWA) is established and large-scalemining commences.

	Greenhills (Bushveld
Uis Tin Mine closes	subsidiary) purchases
85% stake from AfriTin
following the tin price
Mining Namibia1.
collapse in the mid-1980s.

IMCOR enlarges the plant to	SRK publishes a 'LoM Plan
c. 100tphand commenced
building the village of Uis.	Report for 1989-2063'*.These
	were historical estimates that were
	not reported to any recognised
	minerals industry reporting code.

19902016

1Was renamed to AfriTin Mining Namibia in January 2019 (between 2014 and 2016 the entity was called Dawnmin Africa Investments)

2017AfriTin lists on AIM with Uis as its flagship asset

A new dawn for Uis

27

NAMIBIA: A STABLE INVESTMENT JURISDICTION

• Complimentary mining and exploration jurisdiction with a developed transport infrastructure
• Stable democracy with an independent, strong legal system
• Country encourages foreign investment
• Long established Mining Act - mining law in Namibia is mainly regulated by the Minerals Act 33 of 1992 which was amended in 2008
• Mining is the biggest contributor to Namibia's economy in terms of revenue and consequently, an important industry
• Fraser Institute lists Namibia No. 60 globally in terms of investment attractiveness and No. 36 globally in policy perception. *Corruption Perception Index 2018
• 5thmost transparent country in Africa
• Access to the mine is via a regional network of roads which are well maintained by the Namibian government
• The newly upgraded port of Walvis Bay serves as the point of export for the company's mining products

	Walvis Bay Port upgrade		Road between Uis
	completed		and Walvis Bay

28

OTHER ASSESTS: SOUTH AFRICA

• Mokopane Tin Project - located on the northern limb of the Bushveld Complex
• • Prospecting right 2205PR covering six farms (13 253 Ha)
  • Prospecting right 2371PR covering three additional neighbouring farms (awaited)
• Four targets identified, exploration conducted on two targets to date, with 18 447 tonnes contained Sn resource established
• Scoping Study completed October 2014
• • Base case RoM of 691ktpa to produce ~700tpa of 99.5% Sn purity metal, yields positive economics with a significant IRR of 34.6%
  • Low quartile operating costs: $14,276/tonne
    of tin metal produced (as of 24 September 2014)
• Potential additional 5,000 tonnes contained
  Sn resource in the underground lease target area
• Greenhills interest = 74%, 26% held by local Black Economic Empowerment partners

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Anthony Viljoen, CEO [e-mail]

Registered office 18 - 20 Le Pollet

St Peter Port Guernsey

Representative office 2ndFloor, Building 3 Illovo Edge Office Park Corner Harries & Fricker Road Illovo

Johannesburg, 2116 South Africa

	Investor Relations - UK	55 Baker street
Broker	1 Cornhill
Marylebone
8 Frederick's Place	London	London
London	EC3V 3ND	W1U 7EU
EC2R 8AB	United Kingdom	United Kingdom
United Kingdom	[phone]

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