J U N E 2 0 1 8

AFRITIN MINING LTD.C O R P O R AT E P R E S E N TAT I O N

These presentation slides (the “Slides”) do not comprise an admission document, listing particulars or a prospectus relating to AfritTin MiningLimited (“the Company”) or any subsidiaryof the Company, do not constitute an offer or invitation to purchase or subscribe for any securities of the Company and should not be relied on in connection with a decision to purchaseor subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or purchase securities inthe Company.

The Slides and the accompanying verbal presentation are confidential and the Slides are being supplied to you solely for your information and may not be reproduced or distributed to anyother person or published, in whole or in part, for any purpose. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanyingverbal presentation or the completeness or accuracy of such information. No representation or warranty, express or implied, is given by or on behalf of the Company or its respectiveshareholders, directors, officers or employees or any other person as to the accuracy or completeness of the information or opinions contained in the Slides and the accompanying verbalpresentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud).

The Slides contain forward-looking statements, which relate, inter alia, to the Company’s proposed strategy, plans and objectives. Such forward-looking statements involve known andunknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materiallydifferent from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and the Company accepts no obligation to disseminate any updatesor revisions to such forward-looking statements.

The Slides and their contents are directed only at persons who fall within the exemptions contained in Articles 19 and 49 of the Financial Services and Markets Act 2000 (FinancialPromotion) Order 2005 (such as persons who are authorised or exempt persons within the meaning of the Financial Services and Markets Act 2000 and certain other persons havingprofessional experience relating to investments, high net worth companies, unincorporated associations or partnerships, the trustees of high value trusts) and persons to whomdistribution may otherwise lawfully be made. Any investment, investment activity or controlled activity to which the Slides relates is available only to such persons and will be engaged inonly with such persons.

Persons of any other description, including those that do not have professional experience in matters relating to investments, should not rely or act upon the Slides.

The Slides should not be distributed, published, reproduced or otherwise made available in whole or in part by recipients to any other person and, in particular, should not be distributedto persons with an address in the United States of America, Australia, the Republic of South Africa, the Republic of Ireland, Japan or Canada or in any other country outside the UnitedKingdom where such distribution may lead to a breach of any legal or regulatory requirement. No securities commission or similar authority in Canada has in any way passed on the meritsof the securities represented hereunder and any representation to the contrary is an offence. No document in relation to the placing of the Company shares has been, or will be, lodgedwith, or registered by, The Australian Securities and Investments Commission, and no registration statement has been, or will be, filed with the Japanese Ministry of Finance in relation tothe placing or the Company’s shares. Accordingly, subject to certain exceptions, the Shares may not, directly or indirectly, be offered or sold within Canada, Australia, Japan, South Africa orthe Republic of Ireland or offered or sold to a resident of Canada, Australia, Japan, South Africa or the Republic of Ireland.

The Securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or with any securities regulatory authority ofany state or other jurisdiction of the United States and may not be offered or sold within the United States or to, or for the account or benefit of, any US Person as that term is defined inRegulation S under the US Securities Act. The Company has not been registered and will not register under the United States Investment Company Act of 1940, as amended.

The Slides and their contents are confidential and should not unless otherwise agreed in writing by AfriTin Mining Limited be copied, distributed, published or reproduced (in whole or inpart) or disclosed by recipients to any other person.

DISCLAIMER

AFRITIN | JUNE 2018

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INVESTMENT CASEO B J E C T I V E : B E C O M E T H E T I N C H A M P I O N O F A F R I C A

AFRITIN | JUNE 2018

• Largest source of non-conflict tin in Africa• Healthy recoveries achievable on coarse grained pegmatite• Existing infrastructure reduces upfront CAPEX

• Well placed to exploit burgeoning tin demand• Existing demand from electronics and solders• Anticipated demand for new tech market, renewable energy and battery storage

• Managed by a knowledgeable team with a proven track record

• Phase one near production • Low CAPEX flow sheet designed to bring projects into early production• Historical production – geologically and metallurgically de-risked • Proven gravity-based processing methods yields robust economics

• Multi-site, multi-jurisdiction tin company focused on developing Africa’s tin resources

• Processing solution scalable and adaptable to various deposit sites

CORPORATE SUMMARY

4AFRITIN | JUNE 2018

TICKER MARKET MARKET CAP SHARES IN ISSUE

ATM AIM £8 924 458 246 982 467

As at 18 May 2018

SHARE PRICE GRAPH

SIGNIFICANT SHAREHOLDERS

SHAREHOLDER HOLDING # SHARES

NAMINCO LIMITED 73 413 213 24.68%

BUSHVELD MINERALS LIMITED 51 995 342 17.48%

MITON ASSET MANAGEMENT 33 333 333 11.21%

FOREST NOMINEES LIMITED 24 862 861 8.36%

CITY FINANCIAL INVESTMENTS 17 948 717 6.03%

PERSHING NOMINEES LIMITED 12 255 234 4.12%

HARGREAVES LANSDOWN (NOMINEES) 10 236 806 3.44%

CHEVIOT CAPITAL (NOMINEES) LTD 10 000 000 3.36%

INTERACTIVE INVESTOR SERVICES 7 764 056 2.61%

HSDL NOMINEES LIMITED 5 172 905 1.74%

2,25

2,75

3,25

3,75

4,25

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CONSUMPTION TRENDS – NOW & THE FUTURE

Source: ITRI, LME, Macquarie Research, MITAFRITIN | JUNE 2018

E N E R G Y T O D R I V E F U T U R E T I N U S E

R E F I N E D T I N U S E I N 2 0 1 7 M E TA L S M O S T I M PA C T E D B Y T E C H

SOLDER

CHEMICALS

TINPLATE

LEAD-ACID BATTERIES

COPPER ALLOY

OTHER

US$8.23bn Global market value in 2023

20,625 USD/t Price as at May 2018

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THE SUPPLY OUTLOOKR O B U S T D E M A N D A N D S H R I N K I N G S U P P LY – R E Q U I R E S N E W C A PA C I T Y

S U P P L Y• Global tin supply is decreasing• No new tin mines• New supplies not yet explored• Global production falling faster than demand

Source: ITRI

AFRITIN | JUNE 2018

Mined tin output, kt

Source: ITRI

A F R I T I N A I M S T O C AT E R F O R I N C R E A S E D D E M A N D

B2

Pravourmiskoe

Heemskirk

Achmmach

Oropesa

Syrymbet

Hammerlein-Tellerhauser

Rentails

Mt. Pleasant

Gottesburg

Cinovec

East Kemptville

Taronga

Ardlethan

Uis0,00

0,50

1,00

1,50

2,00

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THE SUPPLY OUTLOOKA F R I T I N H A S O N E O F T H E L A R G E S T M I N E A B L E T I N D E P O S I T S I N T H E W O R L D

AFRITIN | JUNE 2018 Ore (Mt)

T I N R E S O U R C E S

% S

n

EXISTING ASSETS

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Tin Provinces of Africa

AfriTin assets Tin, Nb and Tu

Bushveld

Damara

AFRITIN | JUNE 2018

DAMARA: EXPANSIVE MINERALISATION ZONE

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SIGNIFICANTLY UNDEREXPLORED TIN REGIONSEVERAL HUNDRED PEGMATITE BODIES

Part of the extensive Cape Cross-Uis tin pegmatite belt (northern tin belt)

Uis deposit is the most consistently mineralized pegmatite swarm in the belt

Pegmatite field is up to 50km wide in some areas, providing vast exploration upside potential

Primary mineral is cassiterite (SnO2), with secondary tantalum (Ta)and niobium (Nb) and lithium (Li)

Course grained cassiterite crystals up to 50mm long allow for efficient gravity extraction using proven technology

AFRITIN | JUNE 2018

DAMARA: UIS – FLAGSHIP ASSET

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Uis was the largest hard-rock tin mine in the world

Existing infrastructure already in place

Pegmatite mapping confirms historic data

Fundamental mineralization confirmed along strike and at depth

Coarse grained cassiterite considerably appealing

Scalable mining proposition of high grade mineralized zones

Mining licenses in place

A non-JORC compliant resource of 73 mt @ 0.13% Sn was calculated with an additional 2.7 mt @ 0,015% Ta2O5

Plant commissioning expected Q4 2018

C O N F L I C T - F R E E , H A R D - R O C K T I N D E P O S I T I N M I N E - F R I E N D LY N A M I B I A

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MINERALISATION CONFIRMED

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Historical footprint only a fraction of licensed area

Mapped pegmatites are up to 80m thick and over 950m along strike at surface

Mineralisation confirmed over the full extent if the pegmatites at surface

Detailed mapping programme has identified higher grade greisenised areas

Confirmed cassiterite mineralization in proximal unexploited pegmatites

Concurrent exploration will prioritise higher grade pegmatites with low stripping ratios

F O C U S E D O N G R O W T H T H R O U G H E X P L O R AT I O N

AFRITIN | JUNE 2018

AFRITIN | APRIL 2018

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MINERALISATION

V1 Pegmatite

V2 Pegmatite

Hanging Wall

Foot Wall

Coarse grained Cassiterite

Coarse (>5 mm) crystals of cassiterite (SnO₂) have been observed throughout the pegmatites within the existing pits and in unmined surface extensions

Higher grade cassiterite mineralisation occurs within alteration zones known as greisens

During the geological mapping programme, greisen zones were delineated within the pegmatite bodies

Mapping results show that Sn-bearing greisens have an abundant distribution within the V1/V2 pegmatite bodies

Previous records indicate that some greisens may reach grades of up to 3% Sn

40m

AFRITIN | JUNE 2018

GEOLOGICAL MODEL

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• Existing pits open ended at depth and along strike

• 3-D geological model created from detailed mapping and several hundred structural measurements utilizing the surface generated by satellite stereo pair

• High level of confidence for the near surface (25m) extrapolation reducing with an increasing depth

• Two primary targets identified extending form surface

• Mapping and surface exposures suggests pegmatites increase in thickness with depth

Current Surface

Post Mining Surface

AFRITIN | JUNE 2018

HISTORICAL RESOURCES

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M L 1 2 9 *

Commodity Tonnes of oreGrade

(%)Tonnes of Mineral

Sn1,379,906

0,074 1 085

Ta2O50,015 191

M L 1 3 4 *

Commodity Tonnes of oreGrade

(%)

Tonnes of

Mineral

Sn 70,323,750 0.136 95 640

M L 1 3 3 *

Commodity Tonnes of oreGrade

(%)

Tonnes of

Mineral

Sn1,332,598

0,072 1 043

Ta2O5 0,015 188

tonnes of tin tonnes of tantalum

Uis LicenseML134

Tsaurob License ML129

Nainais license ML133

• Non JORC Compliant, source SRK report 1989

Potential for lithium co-production

Rossmanite (tourmaline) sample found in the license areas

AFRITIN | JUNE 2018

V1/V2 PIT DESIGN

15Copyright © Afritin Mining Ltd. - Confidential

P h a s e 1

P h a s e 3V2 Pit

V1 Pit

P h a s e 4

P h a s e 2

The combined mine plan delivers 2.75 million tonnes (represents 3% of the historical resource) of pegmatite at an average waste stripping ratio of 0.8

At 0.5 Mtpa ROM the mine design provides a sufficient inventory to supply the Phase 1 processing plant with ore for more than 5 years

Mine design exploits outcropping pegmatites and excavations of the historical Uis Mine

Demonstrates the potential for fast production ramp-up

Mining method entails conventional open pit mining with excavator-truck combination

AFRITIN | JUNE 2018

V1/V2 PIT DESIGN

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V 1 p e g m a t i t e

V 2 p e g m a t i t e

Copyright © Afritin Mining Ltd. - ConfidentialAFRITIN | JUNE 2018

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METALLURGY

SnConcentrate

MuscoviteBeryl

SnConcentrate

MuscoviteBeryl

6% 6% 6%

74%82% 78%

4% 2% 3%

5% 2%1%

10% 8% 10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

95% - 6mm 95% - 3.35mm 95% - 2mm

Floats 2,90

Floats 3,10

Floats 3,30

Sinks 3,30

Slimes

HLS results – Tin deportment

5% 7%13%

30%

47%

70%

2%

2%

3%

2%

0%

1%

63%

44%

13%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

95% - 6mm 95% - 3.35mm 95% - 2mm

Floats 2,90

Floats 3,10

Floats 3,30

Sinks 3,30

Slimes

HLS results – Tantalum deportment

• Coarse grained allowing for efficient processing, competitive advantage in CAPEX and low comminution costs with a simple process flow

• HLS tests show Sn recoveries >74% at concentrate grades of >67% Sn

• Historical information indicates ±60% cassiterite liberation at a -5 mm grind, and ±80-90% cassiterite liberation at a -1.5 mm grind

• Overall recovery for tin and tantalite concentrates is ±65-70%

• Final concentrate grade between 63-66% Sn

Sn Phase One Concentrate

Final Concentrate Drying

AFRITIN | JUNE 2018

BENEFICIATION PROCESS

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• The process flow design for the beneficiation plant is well-advanced

• The plant design is informed by the process flow of the historical Uis Mine, known to have been an efficient operation with multiple stages of beneficiation

• Afritin have opted for Dense Medium Separation (DMS) modules as opposed to the historic jigging circuit

• DMS is regarded as capable of delivering superior separation efficiency

• DMS is one of the simpler gravity processes used for separating minerals of different Specific Gravities (SG)

• DMS combined with a fine gravity concentration circuit will form the backbone of the beneficiation plant

AFRITIN | JUNE 2018

Copyright © AfriTin Mining Ltd. - ConfidentialAFRITIN | JUNE 2018

Planned location of phase 1 plant

PLANT DESIGN

Plant site incorporates:▪ Three stage culmination circuit ▪ Two stage Dense Media Separation (DMS)

circuit ▪ Middling's milling circuit ▪ Multistage fines circuit with spirals and

shaking tables ▪ Modern mater recovery system ▪ Concentrate storage and operation

support infrastructure

Finalised civil engineering designsfor the run of mine pad, powersupply, water storage facilities andprocessing plant site

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PROCESS FLOWMARKET BALANCE

P R I C E O U T L O O K – J A N ’ 1 8 L M E T I N S T O C K S L O W E S T S I N C E ’ 8 0 s

20AFRITIN | JUNE 2018

Full

Co

st U

S$/t

% of cumulative global tin production

Source: ITRI

P h a s e 2

P h a s e 1

1 7 , 0 0 0

1 3 , 0 0 0

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DEVELOPMENT TIMELINE

TIMELINE2018

Q1 Q2 Q3 Q4

UIS – PATH TO PRODUCTION

Detailed Mapping ✔️

3D Model ✔️

Mine Design ✔️

Process Flow ✔️

Metallurgy

Plant Acquisition

Plant Construction

Appointment of Civil Contractors ✔️

Concentrate Production

Steady State Production

Additional Project Acquisition

AFRITIN | JUNE 2018

COMMUNITY ENGAGEMENT

The community of Uis was left bereft after production by Iscor stopped in 1990. Our goal is to reignite what they once had and provide lasting, sustainable benefits

AfriTin is a catalyst for the economy of Uis – adding to safety, improved lives and employment

A strong focus is placed on consistent participation and communication between the community and AfriTin

AFRITIN | JUNE 2018

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Glen ParsonsChairman

CEO of Mariana Resources from 2010 until its delisting from AIM in July 201720 years’ experience both as a mining executive and investment banking

Frans van DaalenCOO

Qualified mining engineer 18 years’ operational and technical experienceCo-founder and direct of VBKom

Anthony ViljoenChief Executive Officer

Mining entrepreneur Successfully founded and directed Bushveld Minerals plc, Lemur Resources, New Kush Exploration and Mining and Greenhills Resources

Machiel OdendaalLead engineer

Qualified electrical engineer 40 years’ experienceChief engineer at various mining operations in Southern AfricaOwner and director of JLT Mining Services

Terence GoodlaceNED

40+ years’ experience in miningCurrently NED at Gold Fields and Kumba Iron Ore LimitedAppointed onto South African Mining Extraction Research, Development and Innovation steering committeePreviously Gold Fields COOPreviously Metorex Limited CEOPreviously Impala Platinum CEO; NED

Timothy MaraisExploration Manager

Qualified exploration geologist 6 years’ experience Worked on multiple commodity experience across Africa Focus on project development, management and near-term value realisation

Laurence RobbNED

Professor of Economic Geology and Director of the Economic Geology Research Institute in the University of the Witwatersrand’s School of Geosciences Technical Director of Savannah Gold Ltd

Jan RabeLead Process Engineer

Qualified metallurgical engineer 14 years’ experienceHe fulfilled various technical management rollsFounder and director of Trueground Consulting

Roger WilliamsNED

Chartered Accountant - 20 years’ international experience in mining finance Previously CFO of Randgold Resources Previously CFO of AECICurrently an NED of Sylvania Platinum, Alecto Minerals and Digby Wells and Associates

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A TEAM TO DELIVER

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APPENDIX

AFRITIN | JUNE 2018

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JURISDICTION - NAMIBIA

Road between Uis and Walvis Bay

Walvis Bay Port currently being expanded

* Corruption Perceptions Index 2016

S TA B L E I N V E S T M E N T D E S T I N AT I O N

Particularly complimentary when it comes to mining and exploration with a transport infrastructure working in accordance

Namibia is a stable democracy with an independent strong legal system

The country encourages foreign investment

Long established mining act - Mining law in Namibia is mainly regulated by the Minerals Act 33 of 1992 which was amended in 2008

Mining is the biggest contributor to Namibia’s economy in terms of revenue. Consequently it is an important industry

Fraser Institute lists Namibia number 53 globally in terms of investment attractiveness and number 38 globally in terms of policy perception

4th most transparent country in Africa

AFRITIN | JUNE 2018

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OTHER ASSETS

M O K O P A N E T I N P R O J E C T

• Exploration license 2205PR over six farms covering 13253 Ha

• Exploration license 2371PR over three additional neighbouring farms awaited

• Four targets identified on farms, exploration conducted on two targets to date, with 18,447 tons contained Sn resource established

• Scoping study completed October 2014• Base case RoM of 691ktpa to produce ~700tpa of

99.5% Sn purity metal, yields positive economics with a significant IRR of 34.6%

• Low quartile operating costs: US$14,276/tonneof tin metal produced (as of 24 September 2014)

• Potential additional 5,000 tonnes contained Sn resource in the Underground Lease target area

• Greenhills interest = 74%, 26% held by local Black Economic Empowerment partners

Mokopane Tin Project

AFRITIN | JUNE 2018

Registered office18 - 20 Le PolletSt Peters PortGuernseyRepresentative office2nd Floor, Building 3Illovo Edge Office ParkCorner Harries & Fricker RoadIllovoJohannesburg, 2116South AfricaTel: +27 11 268 6555

Anthony Viljoen, CEOinfo@afritinmining.comwww.afritinmining.com

Broker & Nominated AdvisorWH Ireland

24 Martin LnLondon

EC4R 0DRUnited Kingdom

Legal Counsel South AfricaEdward Nathan Sonnenberg

150 West Street SandownSandton

Johannesburg 2196 South Africa

Independent AuditorRSM UK Audit LLP

25 Farringdon Street London

EC4A 4ABUnited Kingdom

Legal Counsel - UK4 More London Riverside

London SE1 2AU

United Kingdom

Joint Broker8-10 Grosvenor Gardens

LondonSW1W 0DHInvestor Relations – UK

1 CornhillLondon

EC3V 3NDUnited Kingdom

Investor Relations – SA32 Fricker Road

IllovoJohannesburg 2196

South Africa