Edenville Energy plc Company Presentation October 2017 AIM code: EDL - PowerPoint PPT Presentation

June 2016 Edenville Energy plc Company Presentation October 2017 AIM code: EDL www.edenville-energy.com

Key Facts and Strategy KEY FACTS  Listed on the London’s AIM Market, focussed on the Rukwa Coal to Power project in Western Tanzania  Rukwa coal mine operational – ramp up production in Q4 2017 supplying coal to East Africa industries  Pre-development stage on the Rukwa Coal to Power Project – opportunities for Stage 1 120 MW Plant with potential for 300 MW  Directors and management team all have extensive technical, commercial and corporate experience with several decades developing mines or power plants STRATEGY Near Term :  To initiate commercial mining operations at the project - Construction Completed, on track for full commercial production in Q4 2017  To advance the Rukwa Coal to Power Project through its pre-development to construction – Tanzanian Ministry of Energy and Minerals (MEM) have requested the Project move ahead to development in parallel with its transmission development Long Term :  To fully monetise the Rukwa coal deposit through the development of a mine mouth coal-to-power project providing electricity to the Tanzanian grid system 2 www.edenville-energy.com

Corporate Information Edenville Energy: Thermal coal developer in Tanzania Developer of Tanzania’s brownfield Rukwa Coalfields with a measured & indicated resource of 170Mt Share Price Performance Company Capitalisation Shares on Issue 1,336,317,798 Warrants and Options 293,678,147 Fully Diluted 1,629,995,946 0.33 – 1.19p 12 month share price range Share Price (16/10/2017) 0.63p Market Capitalisation £7.11M Source: [Yahoo] Board and Management Major Shareholder Jeffrey Malaiholo Non-Executive Chairman TD Direct Investing Nominees (Europe) 12.90% Rufus Short, CEO CEO Barclayshare Nominees 10.79% Arun Srivastava NED Hargreaves Lansdown (Nominees) Ltd 10.40% Jim Nominees Limited 8.00% HDSL Nominees Limited 6.81% Rakesh Patel Finance Consultant (former CFO) WB Nominees Limited 5.30% HSBC Client Holdings (Nominees) Ltd 3.70% 3 www.edenville-energy.com

Board and Management Team Jeffrey Malaihollo, Non Executive Chairman – 23+ experience in varied roles within resources and finance. A PhD in Geology having worked for Newcrest Mining and Rio Tinto. A mining analyst with Loeb Aron, a corporate finance firm in London, followed by several years of CEO/MD roles with AIM-listed Central China Goldfields, AIM-ASX listed Bullabulling Gold and ASX-listed Arc Exploration. Currently a Director of Copper Lake Resources, a TSX-V listed company. Rufus Short, CEO – 26 years+ experience in the resources industry in Australia, UK, Asia and Africa. Minerals Surveyor with MSc in Mineral Economics. Previously 6 years as an investment banker with Investec plc working on debt management , hedge funds, listed and private equity investments. Extensive experience in engineering and development of remote coal, gold, silver and copper mines in Australia, Indonesia, Laos and the FSU. Arun Srivastava, Non Executive Director – Previously CEO and founder of Essar Power India. 40 years experience in the power industry, spread across the turnkey development and operation of power plants, acquisition of fuel sources, liaison with regulators and industry representation; significant exposure to complete management of large size power projects, particularly coal and gas based projects. Rakesh Patel, Company Accountant – 21 years+ as a Chartered certified accountant ; extensive experience in corporate finance, mergers, divestments and acquisitions, private placing and stock market flotation. Acted in 30 + AIM admissions and transactions. Interim / part-time director to private and public companies. Corporate finance partner at Adler Shine LLP, a London based firm of Chartered Accountants. 4 www.edenville-energy.com

Rukwa Coal to Power Project Rukwa Region - Tanzania Tanzania – Part of the East Africa Power Pool (EAPP) Project located in Western Tanzania - opportunity for Coal and Power  Coal Mine and Wash Plant Construction Completed  Long Term Opportunity to Develop up to 300MW of Power Supply 5 www.edenville-energy.com

Key Points - Mining MINING PROJECT AT ADVANCED STAGE  Construction Completed with Mining and Washing Operations Started  Asset quality and scale – 173 million tonnes JORC resource + exploration upside – Thermal power plant quality coal – Typical washed values 5,000kcal, Ash 20%, Moisture 5%  Mining Environmental Impact Assessment Certificate granted  Mining Licence Granted over Mkomolo  Tanzanian Government directive to ban or restrict coal imports provides potential market opportunities  10 Year Mining Plan developed to open up both commercial mining opportunities and coal to power  Wash Plant construction completed and operational  Production profile of between 10,000 and 15,000 tonnes per month of product  Opening up of the coal mine will confirm both the quality and magnitude of fuel for the planned future development of the power project 6 www.edenville-energy.com

Project Development Top: New Edenville Volvo EC300 Excavator Top: New Road to Mine Bottom: Mkomolo Coal Top: Plant Site; Centre: Road Construction Drainage; Bottom: Wash Plant arriving in Tanzania Bottom: Crushed Coal Stockpile 7 www.edenville-energy.com

Project Production Top: New Road to Mine Top: Washed Coal Stockpiles Above: Wash Plant Drum Assembly Bottom: Mining Upper Seam Coal Bottom: Uniform coal quality 8 www.edenville-energy.com

Mining Project Metrics MINING PROJECT IN PRODUCTION  Construction Completed with Mining and Washing Operations Started  Capital expenditure of approximately USD2.1m  Monthly production target of 10,000 to 15,000 tonnes of product by early 2018  Payback estimated between 14 and 18 months  Project is owner operated – means of production are in the Company’s hands  Mining is managed by Edenville and a mix of owner operated fleet with haul trucks and support equipment from a local Tanzanian contractor – saving on mining cost of at least USD70k - USD100k per month compared with using an outside contractor  The wash plant is owned and operated by Edenville – Results in considerable saving on plant processing costs of at least USD50k per month compared with using contract washing facility  The recently signed coal off-take agreement with Riftcot allows for 75% of the coal production to be sold at the mine gate - Riftcot assuming transport organisation and costs – considerable saving for Edenville on working capital requirement for transport  Riftcot already supply approximately 100,000 tonnes of coal per month into East Africa and our products will have multiple avenues of distribution  Supplying variable sized products including 10-30mm, 30-70mm and 70-90mm and fines (0-10mm) 9 www.edenville-energy.com

Transport and Logistics Infrastructure The mine is located in a strong position in western Tanzania for transportation and logistics ______ Excellent road network north and south of the project Multiple road access to Zambia going south ______ Lake Tanganyika provides barging options to take coal north to NW Tanzania, Burundi, Rwanda and the DRC ______ Access to the rail network via Mpanda Rail network of Tanzania undergoing major upgrade for both freight and passenger services 10 www.edenville-energy.com

Sumbawanga and Site Area Centre: New +200km Road Connection near Top: Community assistance to local Top: Airstrip in Sumbawanga site schools Bottom: Old Namwele Pit Workings Bottom: Sumbawanga – Regional Centre 11 www.edenville-energy.com

Key Points – Power Development POWER DEVELOPMENT KEY POINTS  Edenville Energy plc have formally been asked to move forward plans on a coal fired thermal power project at Sumbawanga by the Ministry of Energy and Minerals (MEM)  Edenville Project Concept Study already accepted and approved by Tanesco  Rukwa Power Project is part of the “MEM Power System Master Plan 2016 Update”  MOU signed with Sinohydro of China who will complete the Bankable Feasibility Study  Previous Lahmeyer (India) Feasibility Study on 120MW Project indicates strong economics of +20% IRR – expansion potential to fully utilise resource  Independent Financial Model Developed which supports strong economics of Lahmeyer study – NPV10 $252m; +20% IRR  Updated mineable resource assessment and bulk sampling shows majority of coal can be fed to power plant with only minimal washing treatment required – thus providing a considerable cost saving on fuel  Power Plant Environmental Impact Assessment Study underway – approx 40% complete Moving forward in 2017 towards development alongside Sinohydro and the Tanzanian Authorities 12 www.edenville-energy.com

Regional Power Landscape Planned New 400KV transmission line linking north-  south within 7km of Rukwa Tanesco Planned National Grid System Part of “East Africa Power Pool” development plan,  which will see a total of 2,302km under construction between Kenya, Tanzania and Zambia (ZTK Project) Completion of NW Powerline Project planned for 2020  Updated Feasibility Study on transmission line  completed by international consultants for Tanesco – Project undergoing regulatory and funding requirements Construction of Mbeya to Sumbawanga section planned  in parallel with Rukwa Coal to Power Project Minemouth Power Plant Scenario Rukwa is strategically positioned for regional power consumption 13 www.edenville-energy.com