$$ + Difficult to High software cost incurred Use during - PowerPoint PPT Presentation

Realities of Current ERP Software Solutions for Mid-Sized Mining Companies Impact to Mining Companies $$ + Difficult to • High software cost incurred Use during Exploration phase when capital is typically tight Expensive = to Maintain Expensive Requires Lack Easy and to Acquire Technical • Implementation effort Reporting Resources Support Overly significantly distracts from core Complex operations • Use only half of the software Expensive functionality, at most to High Convoluted Implement Technology Platform Maintenance • Have to hire expensive technical resources to maintain the application 1

Key Mining Industry Software Requirements * Exploration * Production * * Project Costing and Tracking Supply Chain * * Procurement Inventory * * Integration to Land and Mineral Projects and Job Cost * Rights Management Solutions Maintenance and Work Orders * Revenue * Design and Construction * Safety and Environmental * * Workforce Management Track Authorized Fund * Expenditures, Committed Costs, Multi-Company / Multi-Currency Financial Actuals, and Projected Costs Reporting * Construction in Process * Enterprise Asset Management 2

Systems Ideal Scene – High Level * In addition to the core modules (Procurement, Inventory, and Accounting), the Ideal System would provide functionality across the entire company. * All modules would be integrated on a single common enterprise platform. * All enterprise data would be made available for reporting out of one Enterprise Data Warehouse and reporting solution. Sales and Workforce Compliance Production Logistics Management & Safety Enterprise Projects Asset Management Consolidated Manage Budget Procure Account Financial Inventory Statements Operational Reporting Enterprise Data Warehouse 3