Creating a leading nickel producer in South East Asia March 2016 - PowerPoint PPT Presentation

Creating a leading nickel producer in South East Asia March 2016

Disclaimer Forward-Looking Information This document may contain forward-looking statements. These forward-looking statements are made as of the date of this document and Asian Mineral Resources Limited (the “Company”) does not intend, and does not assume any obligation, to update these forward -looking statements, except as required under applicable securities legislation. Forward- looking statements relate to future events or future performance and reflect Company management’s expectations or belief s regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or compa rable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks associated with the Company’s dependence on the Ban Phuc Project, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of mineral resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company's, annual information form, interim and annual reports and other public disclosure. Such forward-looking statements are based on a number of material factors and assumptions, including: that contracted parties provide goods and/or services on the agreed timeframes; that on- going contractual negotiations will be successful and progress and/or be completed in a timely manner; that application for permits and licences will be granted/obtained in a timely manner; that no unusual geological or technical problems occur; that plant and equipment work as anticipated and that there is no material adverse change in the price of nickel. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date hereof. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements. In addition, please note that statements relating to “reserves” or “resources” are deemed to be forward -looking information as they involve the implied assessment, based on certain estimates and assumptions, that the resources and reserves described can be profitably mined in the future. 1

Nickel Exploration Platform in Vietnam Multiple opportunities for near-term project extension and expansion 1. “First Mover Advantage” into a developing mining region in the heart of Asia. 2. 150 Km 2 Granted Exclusive Mineral Concession in a “World - Class” Nickel Belt 3. 49.7 Km 2 Exploration License Hosting 25 initial High-Quality targets 4. Last New Source of Nickel Sulphide Production in the World 5. Regional M&A Opportunities Across Multiple Base Metal Opportunities 6. Key Infrastructure includes Mining, Processing & Camp including fully licensed tailings facility 7. Highly Experienced National Operating Team with Proven Operational Ability 8. Strong Community, Provincial, and Central Government Support 2

Ban Phuc ‒ Overview World-Class Nickel and Base Metal Region in an Emerging market Ban Phuc  Location Ownership  Ban Phuc is located 160 km west of Hanoi near Ban Phuc village in Son La Province  AMR owns (90%) and operates the Ban Phuc Nickel Mine in partnership with COXAMA (10%) equitised Vietnamese company Exclusive 150km 2 Land Package.   Including 49.7 Km 2 exploration license hosting numerous local and regional targets  Advanced project pipeline of 25 initial targets  Multiple Styles of Mineralisation  Massive sulphide vein (“MSV”)  Bulk low grade disseminated sulphide resource potential  Key Infrastructure  Modern 450 ktpa processing facility (Rec: 87% Ni, 95% Cu)  Internationally designed and permitted tailings facility  Modern 250 person camp  Established work shops, fabrication and maintenance facilities 3

Ban Phuc - History One of the Worlds Newest Source’s of Nickel Sulphide Production. A “Snap Shot” of History Our People and Operations  1954 (Prior to) Ban Phuc discovered by French geologists  1956 Russian geologists delineated MSV  1963 Chinese delineate maiden resource / reserve  1999 Falconbridge invested in Ban Phuc  2005 Ban Phuc feasibility completed  2007 Mining license granted  2012 New major shareholder joins board of AMR. Construction restarts  2013 October “Rich Glory” departs Hai Phong port with Vietnams first exported nickel concentrate Recent Operational History (as at December 2015)  Total Capital - $US 74.7M  Total OPEX – $US 147.6M  Total Ore Mined - 957,995t  Concentrate Sold – 167,197 (Dry metric tonnes)  Total Nickel Produced – 16,568 Ni tonnes  Total Copper Produced – 8,124 Cu tonnes  National Workforce – 92%  Local Supply - > 80% Low Cost - 1 st Quartile cost producer  4

Government Support for AMR Proven national and provincial support for AMR Community and Social Initiatives Local Workforce & Community  Strong local employment and procurement policies  Over 92% local Vietnamese workforce. Dedicated training programs focused on up-skilling workforce  Key infrastructure support, including roads, communal spaces, a suspension bridge and technical assistance with water supply  Local business development in collaboration with Canadian and Australian Embassies through 2014  Educational resources and clothing to 3 local schools through Project Sprouts “Buddy Back Pack” program Government Support  Support from Central and Provincial Government  Vice Minister of Natural Resources & Environment, and Chairman of the People’s Committee of Son La Province have highlighted importance of Ban Phuc, as the country’s first nickel mine  AMR was awarded a mineral exploration license in July 2014  AMR received increase to mining license in early 2015 5

Ban Phuc ‒ Geology Overview Ban Phuc’s Song Da Rift Zone “ a world class nickel district “ World Class Nickel Setting Song Da Rift Zone  Song Da Rift a major crustal suture zone and forms part of a greater system of deep continental rifting known as the Red River Fault Zone  The ultramafic-mafic intrusives are considered to be triassic in age  Geotectonic setting strongly analogous to major Ni-Cu deposits such as Norilsk  Significant regional mineral endowment.  First identified by French prior to 1956 Extensive Exploration Data Set to Date Advanced Exploration  Extensive reconnaissance geological mapping  25 initial nickel prospects identified to date.  62,445 metres diamond drilling (384 holes)  4,491 metres of trenching (164 trenches)  20,747 geochemical soil samples.  FLTEM, EM and DHEM data sets  Regional structural model 6