171 Bush Telegraph Street Northlands Business Park Northriding Johannesburg PO Box 2186 Sundowner, 2161

1. GroupInnovative Excellence Internet: www.maXem.co.za E-Mail: info@maXem.co.za Tel: +27 (0)11 704-6026 Fax: +27 (0)11 462-8740 171 Bush Telegraph Street Northlands Business Park Northriding Johannesburg PO Box 2186 Sundowner, 2161

2. GroupInnovative Excellence • Introduction Mk V Services c.c. was founded by Mark van Schaik in 1997 and is effectively the beginning of the maXem Group of companies. Mk V Services primarily traded in engineering development, manufacture and support to mining industries. The Group has since expanded its core business into contract mining solutions and has grown to incorporate several additional companies and supply agencies that enhance our market offering.

3. GroupInnovative Excellence Group Vision To be the preferred and most successful junior mining, engineering and construction service and technology supplier in Africa

4. GroupInnovative Excellence Group Mission To harness entrepreneurial passion into focused business units and to channel these expertise into innovative value adding solutions for our customer.

5. GroupInnovative Excellence • Core Beliefs • Our People are our Core Resource. • Core Resources must be focused in their areas of excellence. • Training is essential to continuous improvement and extending our areas of excellence. • Equal opportunities must be available to all. • Team work is essential, individually we are never perfect but collectively we can come very close.

6. GroupInnovative Excellence • Key Equity Partners • Entrepreneurial Core Resources must not be employees, they must become Key Equity Partners. • These Key Equity Partners will ensure maXem’s immediate and long term success by providing: • Passionate focus on achieving our goals. • Effective training and development. • Retention of Skills.

7. GroupInnovative Excellence Organigram

8. GroupInnovative Excellence • Core Competencies • Mining Systems Feasibility and Modeling • Turnkey Project Management • Contract Mining • Long Hole Stoping • Drop and Inverse Raising • Mechanised Development • Skills Identification, Hire and Placements • Engineering Design Manufacture and Support • Maintenance Consumables and Spares Support • Mining and Engineering Supplies. • Custom Database and Software Development

9. GroupInnovative Excellence • Service Guarantees • All our business are based on sound mathematical modeling and practical bench marking. • All our contracting activities are monitored “Actual to Tender” by means of our own custom developed software – DataGain • We believe that there is always a solution and that “can’t” is rarely an option. • We believe in Partner Relationships and Risk Sharing with our Customers. • If you are successful, we are successful.

10. GroupInnovative Excellence • Operating Results • Turnover 2008/02/28 +- R28 million pa • Net Asset Value 2008/02/28 +- R15 million (un leveraged) • Safety 2008/07/31

11. LabourInnovative Excellence • Human Resources • Employees [ In no particular order ] 51 • White Male 41% • Black Male 33% • White Female 10% • Black Female 6% • Management [ In no particular order ] 8 • White Male 75% • Black Male 0% • White Female 25% • Black Female 0%

12. HoldingsInnovative Excellence • Core Business • Conduit to market for all Group Companies • Group Planning and Management • Group Financial Control • Group Logistical Support • Central Buying and Stock Holding • Wassara Distributor for Raise-Tech Long Hole Drill Rigs

13. LabourInnovative Excellence • Core Business • Labour Broker Supplying Group HR Requirements • Skills Placements and Labour Broking • Recruiting, Advertising and Head Hunting • Employment Contracts held in maXem Labour • Providing skills versatility to all Group Companies • Future Goals • Training Academy

14. EngineeringInnovative Excellence • Core Business • Customised Product Development, Design, Manufacture and Support • Long Hole Drilling Equipment Design and Manufacture • Equipment Upgrades, Modifications and Rebuilds • Wassara Drilling Equipment Support • General Maintenance and Repairs • General Manufacturing

15. ITInnovative Excellence • Core Business • DataGain • Web enabled production management database

16. MiningInnovative Excellence • Core Business • Turnkey Project Management [ Brown and Greenfield Mine Development ] • Mining Consulting • Contract Mining – Underground and Surface • Long Hole Stoping • Drop and Inverse Raising • Mechanised Rapid Access Development DataMine screen dumps of typical narrow vein, steep dip mining

17. World DrillingInnovative Excellence • Core Business • Contract Mining • Long Hole Production Drilling Typical narrow vein, steep dipping, underground operations Solo CMAC Long Hole drill rig

18. Drop RaisingInnovative Excellence • Core Business • Contract Mining • Drop and Inverse Raising Preparation of underground silo In the hole survey prior to charging of blind hole slot Complete Inverse Raise

19. 100mm Air Line 50mm Water Line 100mm Air Line 50mm Water Line ??m at ??° Drain Hole up to 127 mm Drop RaisingInnovative Excellence Pilot 52 mm, Ream Cut holes top down to 102mm 52 mm Blasting Holes Drilling

20. GroupInnovative Excellence Internet: www.maXem.co.za E-Mail: info@maXem.co.za Tel: +27 (0)11 704-6026 Fax: +27 (0)11 462-8740 171 Bush Telegraph Street Northlands Business Park Northriding Johannesburg PO Box 2186 Sundowner, 2161