Two thirds of the earths surface is water… The rest we can process!

1. Two thirds of the earths surface is water… The rest we can process!

2. MDM ENGINEERING IS… • A process engineering and project management company with a 22-year track record • Staffed by skilled professionals with experience in some 16 countries • Africa Focused • Listed on the London Stock Exchange (AIM)

3. MDM’S COMMITMENT TO HEALTH & SAFETY Total commitment to safety “ZERO TOLERANCE” to fatalities, LTI’s and recordable incidents Managing H,S & E is a critical business activity 6,747,138 fatality free hours in 3 years 5 lost time injuries in 3 years

4. WHAT WE’VE DONE • The MDM team has over 22 years of operational experience and have been responsible for: • 54 Bankable feasibility studies completed • Over 96% of BFS went on to receive third party financing • Constructed 52 metallurgical plants • All producing above design capacity • Executed projects in 16 countries worldwide • African focused • Worked with a cross section of minerals

5. WHAT DO WE DO • Project Evaluation through • Scoping Studies • Pre-Feasibility Studies • Bankable Feasibility Studies • Design - Metallurgical process development and specialised process engineering and design of metallurgical plants • Construction - Construction and commissioning of plants and associated infrastructure • Project Management - Total Project Execution

6. Manage medium to large size mining projects on an international basis • Focused on • Gold • Uranium • Base Metals – including copper, nickel, zinc and tin • Ferro Metals – including manganese and ferrochrome • Platinum • Industrial Minerals • Coal • Diamonds

7. HOW WE DO IT • Interactive in-house design, costing and planning with client input • Focused on technical innovation, lateral thinking and attention to detail - creating economic value for our clients • Maintain a close working relationship with clients • Transparent and open book contracting (EPCM) with agreed: • Capital Cost • Contingencies • Fees • Cost-Plus Structure • Savings shared on an agreed basis

8. MDM – FAST TRACK APPROACH • MDM works closely with clients to develop schedules by: • incorporating initial design phase period • starting construction whilst design continues – this will result in some minimal equipment changes due to a ‘fast track’ approach • Built 200K TPM gold & 100TPM uranium plant in 23 months (including design) May 2007 – April 2009 • Built 650K & 1.3M TPM gold and uranium tailings retreatment plant in 21 months (including design) April 2008 – January 2010

9. EZULWINI PLANT – BEFORE & AFTER The Beginning 12 months Commissioned – 23 months

10. WHAT WE DO IT WITH - INTELLECTUAL CAPITAL • Over 150 staff comprising: • Process • Design • Drawing Office • Project Management • Construction • Commissioning • Commercial • 22 years of technical and financial database on past projects

11. PROJECT FOCUS – OVER LAST 3 YEARS • Built 2.4M TPA gold plant • Built 1.2M TPA uranium hard rock plant • Built 650K TPM gold tailings treatment plant • Built 1.3M TPM uranium tailings treatment plant Flotation

12. FEASIBILITY STUDIES – OVER LAST 3 YEARS • 2 copper and copper/cobalt studies (BFS & DFS) • 7 uranium studies (PFS & BFS/DFS) • 3 gold studies (BFS) • 2 manganese studies (PFS & BFS) • 2 coal studies (PFS & DFS) • 1 platinum study (BFS) High grade material in core

13. WHY MDM ENGINEERING • Significant experience and track record within team • Lessons learnt in challenging logistical environments • Team internationally recognised for well engineered and technically superior plants • Sound financial position • MDM Engineering will deliver on time and on budget

14. Thank You MDM staff induction artwork The MDM team