RARE EARTHS, SPECIALITY& STRATEGIC METALSINVESTMENT SUMMIT

IRONMONGERS’ HALL, CITY OF LONDON ● THURSDAY, 17 MAR 2011www.ObjectiveCapitalConferences.com

Building rare earth mining & processing in TurkeyAhmet Arda – CEO, Advanced Mineral Research

AMR Resourceswww.amrminerals.co.uk

AMR Project Area Location

General Location of Aksu Diamas Project

AMR Resources Ltd. (AMR) is a Mineral Exploration and Mining Company with a long term strategy of discovering and advancing big deposits with strong production potential

Mine-to-Market Strategy

Company Overview 100% ownership of mineral exploration licences

covering approximately 1,860 sq km in Turkey

Located in Isparta Angle in SouthwesternTurkey, recognised as having a unique structuraland geological history.

The licence area is a composite of explorationproject ground held under title by the AMRGroup.

Our Mining & Concentrator Plant at Çanaklı I A already began test production on November 2010

All our minerals of interest are liberated for this reason there is no need for any crushing and milling

We only apply Wet Gravity and Magnetic Methods

ENERGY EFFICIENCY

ENVIROMENTAL PROTECTION

CatalystsPetroleum refining Chemical processing Catalytic converter Diesel additives Industrial pollution scrubber

ElectronicsDisplay phosphors-- CRT-- PDP-- LCD

Medical imaging phosphors LasersFiber opticsOptical temperature sensors

CeramicsCapacitorsSensorsColorantsScintillators

GlassPolishing compoundsOptical glassUV resistant glassX-ray imagingThermal control mirrorsColorizers/Decolorizers

Metal AlloysHydrogen storage-- NiMH batteries-- Fuel cells

SteelLighter flintsAluminum/MagnesiumCast ironSuperalloys

MagnetsMotorsDisc drives & disk drive motorsPower generationActuatorsMicrophones & speakersMRIAnti-lock brake systemAutomotive partsCommunication systemsElectric drive & propulsionFrictionless bearingsMagnetic storage diskMicrowave power tubesMagnetic refrigerationMagnetostrictive alloys

OtherWater treatment Nuclear control rods Pigments Fertilizer Medical tracers Coatings

More than 3,000 Th-U-K quantitative analyses havebeen made in the pits and trenches opened in the allresources by RS-230-BGO-Super Spec spectrometer.

Totally 1,500 mt Wire-Line Drilling has been made inÇanaklı I and Kuyubaşı. Systematic samples are takenfrom each of vertical 2.5 mt of these drillings fromthese samples, totally 700 ICP-MS Whole Rock Major-Trace Element analyses have been carried out inCanada-ACME Laboratories.

In consequence of these works;TREO average concentration was determined as 1,000 gr/Ton

In consequence of the Mineral Technologystudies made in the company laboratoriesand the laboratories in the foreigncountries, it has been ascertained that;

35% of the TREO can be concentrated byGravitation and Magnetic Separationmethods in -700µ+15µ Fractions.

The major part of the REE minerals are inthe grain size of -15µ , and R&D studiesintended for recovery of these are on going.

Firstly, 2,000 grains selected in the company laboratory for mineral determination have been subjected to Electron Microprobe analyses in Hacettepe University Micro Analysis Laboratories.

Later, in an Australian company INTELLECTION, 3 individual QEMSCAN analyses have been made on the samples, 2 of which was from ÇANAKLI AREA and 1 from KUYUBASI AREA.

Results Allanite Chevkinite Titanite (Sphene)SG : 3,75WM SG : 4,5WM SG : 3,5 ?NM+WM

Element norm.wt% oxide % norm.wt% oxide % norm.wt% oxide %O 20.3 33.1 37.2Al 8.7Si 12.7 6.6 13.0Ca 12.0 3.1 14.8Ti 12.2 20.3 20.6 34.4Fe 14.7 8.5 1.4Ba 1.7Nb 0.6 0.9Nd 0.3 0.35 2.0 2.3La 9.9 11.6 14.8 17.4 2.0 2.3Ce 12.0 14.7 18.6 22.8 9.0 11.1Th 7.6 8.6 2.2 2.5U

Total 100,0 100.0 100.0

Titanites are different from the Classical Titanites. Density of some parts of the Titanites is higher than 4. These parts display very little magnetic characteristics and

remain in the form of Nonmagnetic fraction. These Titanites contain %~35 TiO2 and ~ 20% REE2O3.

5 Magnetic Fraction of -0.5mm +45umHeavy Mineral (+2.85 SG)XRF assay (% for major, ppm for REE)

fraction % mass SiO2 Fe2O3 MnO MgO P2O5 K2O SO3 Na2O BaO TiO2 Al2O3 Cr2O3 ZrO2 U Th Ce La Y Ndsrong mags (mag 1) 2.5 2.2 89.2 0.93 1.3 0.11 0.14 0.02 <0.01 0.03 5.1 2.2 0.04 0.11 7 25 284 120 28 115

weak mag (2-5) 3.3 38.4 19.7 0.38 9.2 0.54 1.4 0.05 1.3 0.12 4.3 8.6 0.15 0.25 30 172 2817 1496 211 1018n/mag 0.5 24.1 2.6 0.11 3.0 17.5 0.69 0.44 0.76 0.08 5.5 3.6 0.03 5.6 293 936 6950 2680 725 3360total 6.3 22.8 46.0 0.58 5.5 1.8 0.83 0.07 0.73 0.08 4.7 5.6 0.10 0.64 n/a n/a 238 2723 1407 967

AMR Concentrate / ICP-MS Analysis

In accordance with all the studies, it has been determined that;

1/3 of the REEs bound to TITANITE mineral

1/3 of the REEs bound to CHEVKINITE mineral

1/3 of the REEs bound to ALLANITE mineral

XRF assay (% for major, ppm for REE)fraction % mass SiO2 Fe2O3 MnO MgO P2O5 K2O SO3 Na2O BaO TiO2 Al2O3 CaO Cr2O3 ZrO2 U Th Ce La Y Nd

3.0A mag (-0.5 +0.21mm) 0.13 41.5 16.5 0.43 9.1 0.13 0.56 0.05 1.0 0.10 4.3 5.6 19.1 0.16 0.54 26 178 2,980 1,510 239 1,2103.0A mag (-0.21 +0.045mm) 0.33 36.4 22.6 0.47 7.7 0.11 0.52 0.04 0.85 0.10 5.4 6.0 17.1 0.74 0.47 57 330 5,650 3,880 261 1,550

5.5A mag (-0.5 +0.21mm) 0.37 42.3 14.1 0.39 9.5 0.11 0.75 0.05 1.1 0.10 3.1 7.4 19.4 0.14 0.15 21 276 4,680 3,220 172 1,2005.5A mag (-0.21 +0.045mm) 0.36 41.5 11.2 0.32 8.5 0.14 0.42 0.05 0.78 0.12 7.3 5.6 21.2 0.20 0.59 104 440 6,840 3,890 422 2,340

8.0A mag (-0.5 +0.21mm) 0.23 41.9 7.2 0.21 8.6 0.10 0.24 0.03 0.49 0.13 10.1 5.1 23.8 0.05 0.34 74 353 6,960 3,060 603 3,0408.0A mag (-0.21 +0.045mm) 0.11 37.5 4.7 0.15 5.2 0.31 0.10 0.05 0.30 0.20 18.1 3.1 23.3 0.04 4.74 525 1,690 9,740 3,640 1,140 4,9608.0A n/mag (-0.5 +0.045mm) 0.04 32.9 0.6 0.04 0.7 0.54 0.09 0.05 0.16 0.02 3.6 0.9 4.7 0.01 53.9 1,810 4,390 2,090 660 1,450 1,040

total 1.58 40.2 13.4 0.34 8.2 0.15 0.47 0.04 0.79 0.11 6.8 5.7 19.8 0.26 2.1 138 536 5,867 3,311 419 2,070

ORE TYPEMantle Origin, Heavy Mineral Sand like, Liberated, Pyroclastic Tuff

MINING METHOD Quarry: Hydromining - Dredge Concentrator: Hydrocyclone + Spiral + Magnetic Seperator

TOTAL RESOURCE : Up to 2 Billion Ton

RECOVERABLE RESOURCE BY CONVENTIONAL METHODS Up to 700 Million Ton (35%) (-0,70mm+0,015mm Fractions)

AVERAGE GRADE : 1 Kg / Ton TREO 0,1 Kg / Ton Nb2O5 5 Kg / Ton TiO2 60 Gr / Ton ThO2 1 Kg / Ton ZrO2 30 Kg / Ton Fe3O4 (Micronized Magnetite)

RECOVERABLE PRODUCTS BY CONVENTIONAL METHODS : 700,000 Ton TREO 3,500,000 Ton TiO2 700,000 Ton ZrO2 70,000 Ton Nb2O5 42,000 Ton ThO2 21,000,000 Ton Fe3O4 (Micronized Magnetite)

MINING AND CONCENTRATOR PLANT ESTIMATED OPERATIONAL COST :

US$ 2–2.50 per TonIMPORTANT NOTE :

The rate of the Recoverable Resource by Conventional Methods is 35% of the Total Resource. This amount was obtained by numerous Gravimetrical Tests applied to our ROM Material. We are aware of the presence of the liberated economical minerals within grain size of -15/25µ. In order to gain these fine economical minerals, Flotation Mineral Enrichment studies are continuing. Once successful Flotation Test-Work is achieved the Recoverable Resource would reach up to 60-70%.

AMRCANAKLI PROJECT

PROCESS DIAGRAM

Spiral I. Concentrate

Magnetite Production Shaking Table II. Concentrate

As China, making the 97% of world’s total REE production, cut an important portion of its Rare Earth exports due to meet her own increasing need, there has been an important level of supply shortage for Rare Earths in the World.

Even though Lynas Corporation and Molycorp Minerals will start production at 2012-2013, as the consumption increases parallel to the advances in technology, it is determined that the demand will be more than the supply for the next 5 years.

AMR, at full capacity, will produce about 5.500 Ton/year REO.

AMR will be the first to actualize the production of Rare Earths from local resources in Turkey.

MARKET POTENTIAL FOR AMR PRODUCTS

RARE EARTHS

AMRSTEP I

PRODUCTION

(35%) 35 Ton / h

WLIMS

Hour 1,23 0,57Day 30,00 13,70Month 900,00 410,00Year 10.000,00 4.600,00

TREO 4.600Ton X 5,0 % = 230 TonTiO2 4.600Ton X 15,0 % = 690 TonZrO2 4.600Ton X 5,0 % = 230 TonThO2 4.600Ton X 1,5 kg / Ton = 7 TonNb2O5 4.600Ton X 4,0 kg / Ton = 18 Ton

* The Middling of 13.700 Ton/year will currently be stocked for future recovery of 0.5% TREO and other economical minerals that it contains at certain grades.* AMR is not treating the estimated Product Contents as a current NI 43-101 defined Product Contents because Independent Consultant studies has not been finalized yet.

HEAVY MINERAL PRODUCT - CONCANTRATE II

HYDROMET OXIDE PRODUCT / YEAR

ROM100 Ton / h

MAGNETITE

HMC

(65%) 2,27 Ton / h

(75%) 1,70 Ton / hHM CONCANTRATE II

DESLIMED(-0,71 mm + 0,025 mm)

(10% HM) 3,5 Ton / h

SPIRAL CONCANTRATE I

H M C

(Ton)MAGNETITE

(Ton)

SHAKING TABLE

MIDDLING (Stock)*

(35%) 1,23 Ton / h

(25%) 0,57 Ton / h

AMRHYDROMETALLURGICAL

TESTWORK

For the extraction of REE, Minor Metals, and Thorium from the Heavy Mineral Concentrate that AMR is producing at Canakli 1plant, and the Magnetite is separated, an Agreement is signed with Dr C.K. Gupta and Star Earth Minerals Pvt Ltd.

The details of the study, which will be conducted an overseen by Dr Gupta, are specified in the Agreement. 500kg representingsample of the HMC that AMR is producing is sent to India, and the lab scale tests will be resulted within 1 month with10kg sample.

The results of the Laboratory Tests will be submitted as a Simplified Flow Sheet and as a Preliminary Report by Dr Gupta.

In the light of the data that will be obtained from Lab Scale Tests, Pilot Scale Test-works will be conducted with the remaining490kg, and finalized within 2 months.

Products to be recovered

Thorium Nitrate or Thorium Oxide Neodymium Oxide

Uranium Oxide Praseodymium Oxide

Zirconium Oxide Mix REO (Heavy REO)

Titanium Oxide Ferro Niobium (Optional)

Lanthanum Oxide Zirconium with Hf (Optional)

Cerium Oxide Iron Oxide (Optional)

AMR 2011 – 2013 SCHEDULE

www.amrminerals.co.uk

AMR Madencilik İşletmeleri San. ve Tic. A.Ş.ABC Yolu, ABC Plaza Kat:4 34460 Istinye, IstanbulTel: +90 212 323 3435Fax: + 90 212 229 5463amr@amrmadencilik.com.tr

AMR Resources LtdAlliance House12 Caxton StreetLondon SW1H 0QSTel: +44 20 7799 1000Fax:+44 20 7799 1020ahmet.arda@amrminerals.co.uk

AMR RESOURCES

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