Minbos Resources : Corporate Presentation

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personalFor Corporate Presentation

JULY 2022

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Disclaimer

Some of the statements appearing in this announcement may be in the nature of forward-looking statements. You should be aware that

such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Minbos operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside Minbos' control.

Minbos does not undertake any obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express

or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in

this announcement. To the maximum extent permitted by law, none of Minbos, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement.

This announcement is not an offer, invitation or recommendation to subscribe for, or purchase securities by Minbos. Nor does this announcement constitute investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. Investors should obtain their own advice before making any investment decision.

Competent Person Statement

The Competent Person with responsibility for the total Mineral Resources of this report is Mrs Kathleen Body, Pr. Sci. Nat, who is registered as a Professional Natural Scientist with the South African Council for Natural Scientific Professions ("SACNASP"). She is an Associate Resource Geologist with SRK Consulting (UK) Limited and the Director and a Principal Consultant of Red Bush Analytics. Mrs Body was a fulltime employee of Coffey Mining at the time the original Mineral Resource estimation was completed in 2013. Mrs Body has 26 years' experience in the mining industry and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which she is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Mineral Reserves. Kathleen Body consents to the inclusion in the report of the matters based on her information in the form and context in which it appears.

Forward Looking Statements

Statements contained in this release, particularly those regarding possible or assumed future performance, revenue, costs, dividends, production levels or rates, prices or potential growth of Minbos Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and

developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety ofASX:MNB | 2 factors.

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Investment Overview

Development of food security & clean energy projects in Angola

Granulated	Green
Phosphate
Ammonia
fertilizer

The

Future

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Cabinda Phosphate Fertilizer Project

High-grade Resource 8.4MT @ 29.6% P2O5 (85% ownership)1

DFS to produce Beneficiated Phosphate fertilizer with elevated global Phosphate Rock ($300-$360/t) and Map ($975-990/t) Prices2

Moving to Production

Long lead time items ordered DFS and approvals Q3 2022 Production anticipated in 2023

Capanda Green Hydrogen-Ammonia Project

Government support to establish a Green Ammonia Project with land provisionally allocated

200MW of baseload zero-carbon hydropower secured3 at lowest price globally for green energy

Green ammonia was expected to achieve cost parity with fossil-based ammonia beyond 2030 - Minbos has the potential to achieve this many years in advance

No Company globally has access to Green Power at the Minbos concessional price

Access to local markets to sell Ammonia- based fertilizer and explosives

Future Opportunities

NPK Blending and Distribution Lime Products

Nitro Phosphates

Soil Carbon and carbon credits Angola Agriculture

57M ha arable land

1,000 -1,500mm annual rainfall LFP battery materials

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1. ASX Announcement - Resource Update for High-Grade Cabinda Phosphate Project (23 Nov 2021).
2. Profercy Reports - Morocco fob (Phos Rock) and Tampa fob (Tampa fob) - June 2022
3. Per ASX Announcement 25th May 2020, power allocation and pricing secured, confirming that we have a resolution from RNT and in process of negotiating the formal, binding MOU

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Company Overview

Capital Structure

465M	$70M	$3.5M	$66.5M
Shares on Issue	Market Cap*	Cash*	Enterprise Value

Board & Management

Lindsay Reed

Chief Executive Officer

A Mining Engineer with 30 years' experience in exploration, development, operations and corporate finance. Lindsay has worked in minerals sands, copper and tin operations obtaining a Mine Managers Certificate.

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Peter Wall	A corporate lawyer and has been a Partner at Steinepreis Paganin since July
2005. Mr Wall has extensive experience in natural resources and cross border
	Chairman	transactions having served as the Chairman of multiple ASX listed companies
		with international operations. Mr Wall holds a Bachelor of Laws, Bachelor of
		Commerce (Finance) and a Masters of Applied Finance and Investment.
Valentine Chitalu	Co-founder and Chairman of Phatisa Group, an African-focused private
equity fund with ~US400 million funds under management and a well-
	Non-Executive Director	respected track record of delivering for clients and communities. Phatisa
		is a proud signatory of the Principles on Responsible Investment which
		is implemented through a comprehensive ESG framework.
Graeme Robertson	Over 40 years' experience in the resources, energy, and infrastructure
sectors as former Managing Director of New Hope Corporation
	Non-Executive Director	Ltd(ASX:NHC), a director of W H Soul Pattinson & Co Pty Ltd (ASX:SOL)
		and AfrAsia Bank limited. Presently Chairman of Intra Energy
		Corporation Ltd (ASX-IEC) and Intrasia Group family office.
Paul McKenzie	Agribusiness consultant with 30 years' experience advising large scale family,
institutional and sovereign wealth farming entities. Director Kiland (ASX: KIL)
	Non-Executive Director	reversion of forestry to grazing estate, Director RLF AgTech (ASX: RLF), Chair
		Cooperative Research Centre for Honey Bee Products Ltd, Specialist Agri
		Consultant WA to KPMG.

*28 June 2022

Dganit Baldar

Non-Executive Director

A qualified Israeli corporate lawyer with approximately 20 years' experience in the legal profession. Until recently, she was the General Counsel for Mitrelli Group, a multinational organization which initiates, executes and manages large turn-key projects in developing countries.

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Strategic Investment to accelerate Angolan Projects

Cornerstoned Placement, Debt Facility and Strategic Cooperation Agreement

$25m	$25M
Placement	Non-Binding debt
	Term Sheet

Strategic

Cooperation

Agreement

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Cornerstone Placement

• $25M equity Placement, of which $15m is cornerstoned
• 70% of $15m cornerstone investment from entity controlled by Chairman of the world's largest Battery Anode Producer
• All placement investors to participate on T1- T2 basis
• Funds to be used for CAPEX for the Cabinda Phosphate Project (mining and plant) and Capanda Green Ammonia Project
• Cornerstone investors granted right to appoint a Board nominee

Debt Facility - "Non-Binding Term Sheet"

• High level non-binding Term Sheet signed with LMC for arrangement of debt facility
• US $25 million
• 5-yearterm
• Competitive market interest rates to be agreed, with potential equity participation
• Funds to be used for CAPEX for the Cabinda Phosphate Project (mining and plant)
• Long lead items ordered with a number of items ready to be shipped from the US
• Fertilizer plant production to commence in Q2 2023*

Strategic Cooperation Agreement

Minbos, HongKong Jayson, Hoston Investments (Australia) and Long March Capital to collaborate on:

• Ferro Phosphate and Lithium Ferro Phosphate Projects (LFP Project)
• Large-scaleGreen Ammonia Project (LSGA
  Project)

Parties to work to secure:

• Funding and investment opportunities
• Customer and off-take arrangements
• Technology and service providers
• Contribute to any feasibility studies and

evaluation

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Note: None of the funds or investors have a connection to a State-Owned Enterprise of other government enterprises in China

*Subject to conditions, including executive of definitive agreements, due diligence, Minbos securing off-take and supply partners, and other customary conditions