AFRICA RESOURCESINVESTMENT CONGRESS

IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY, 12 JUNE 2012

www.ObjectiveCapitalConferences.com1

Developing an integrated approach in TanzaniaLouis Coetzee – CEO, Kibo Mining

Exploration in Tanzania

www.kibomining.com

June 2012

These presentation slides (the “Slides”) do not constitute an offer to the public or an offer for sale or solicitation to purchase or subscribe for any securities of Kibo Mining plc (the “Company”) and they should not be relied on in connection with a decision to purchase or subscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute a recommendation regarding any decision to sell or buy securities in the Company. If any person is in doubt as to the contents of this presentation, or wishes to obtain advice as to the investment merits of the Company’s securities, he should seek independent advice from a person who is an authorised financial services provider.

No reliance may be placed for any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. The information contained in these Slides and the accompanying verbal presentation is in the public domain, however no representation or warranty, express or implied, is given by or on behalf of the Company, its advisors, shareholders, 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 verbal presentation, and no liability is accepted for any such information or opinions (save that nothing in this disclaimer is intended to limit the liability of any party for its own fraud).

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 (Financial Promotion) 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 having professional experience relating to investments, high net worth companies, unincorporated associations or partnerships, and the trustees of high value trusts) and persons to whom distribution 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 in only with such persons.

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Statements made in the Slides and accompanying verbal presentation may include forward-looking statements that necessarily involve risks and uncertainties. Forward-looking statements may generally be identified by the use of terminology such as “may”, “will”, ”expect”, ”intend”, “plan”, “estimate”, “anticipate”, “believe”, or similar phrases. Other than statements of historical facts, all statements, including, among others, statements regarding the future financial position of the Company, business strategy, projected levels of growth in its market, projected costs, estimates of capital expenditures and plans and objectives of management for future operation, are forward-looking statements. The actual future performance of the company could differ materially from these forward-looking statements. Important factors that could cause actual results to differ materially from these expectations including known and unknown risks. Undue reliance should not be placed on these forward-looking statements.

Disclaimer

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Company Overview

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Tanzanian-Focused Multi-Commodity ExplorerAIM: KIBO; JSE: KBO

One of the largest gold exploration land holdings in Tanzania, nearly 10 times the current government limit

Currently in Stage 2 of £5.3 million exploration programmeStage 1 (£0.8 million) completed

Actively seeking prospective acquisition targets in Tanzania• Proposed acquisition of JORC compliant 109 million tonnes Rukwa thermal coal

project – definitive agreement already signed• Proposed acquisition of Pinewood coal & uranium project – definitive agreement

already signed

Actively seeking JV partners to develop projects• Proposed JV with Votorantim (Brazilian conglomerate) at Haneti nickel-gold-PGE

project – MoU already signed• Proposed JV at Rukwa coal to develop power station with Asian conglomerate –

MoU already signed

Highly experienced board with track record of success in Tanzania

Project Locations

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Current Projects

Projects under acquisition

Rukwa (coal)

Pinewood (uranium & coal)

• Defining Targets• Focusing Portfolio• De-risking Licences

• Realising Capital• Taking to Production or Spinning-off • Building Strategic

Relationships• Bringing in Expertise• Fast-tracking Projects

• Utilising Directors’ Experience• Looking across Tanzania• Looking across Commodities

Kibo – The Strategy

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Acquisition

Exploration

Joint Venture

Advance or Spin-off

Why Tanzania?

Politically stable and peaceful country with strong Government support for mining investment

Globally competitive tax and regulatory regime for mining investors

Accelerated and simplified handling of investment proposals

Technical staff trained in various disciplines associated with mining

Abundant supply of labour

Peaceful working environment free of confrontations, ethnic strife and labour disputes

Well-established mining services industry

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Kibo – A Country Play

Exploration

HanetiLicences & Applications covering 7,100 km2 in Eastern TanzaniaProspective for Gold, Nickel & PGMs

MorogoroLicences & Applications covering 8,900 km2 in Eastern TanzaniaProspective for Gold

Lake Victoria ProjectLicences & Applications covering 2,700 km2 within the Lake Victoria GoldfieldProspective for Gold

Acquisition

Mzuri Energy LtdOwns 100% of Rukwa coal Project & 50% of Pinewood coal & uranium project109 Mt thermal coal resource at Rukwa

Mayborn Investments LtdOwns remaining 50% of Pinewood coal & uranium project. Licences & Applications covering 18,088 km2 in Southern Tanzania. Prospective for Uranium and Coal

Joint VentureVotorantim & Asian Conglomerate MOUs Strategic joint venture with Brazilian & Asian industrial conglomerates on Haneti and Rukwa projects

Haneti

Buswagi

Kabanga

Nickel Deposit

African Eagle Resources 92 Mt/ ~ 0.88% Ni

100 Km

Nyanzaga

LakeVictoria

ARCHEAN GREENSTONE

MAJOR GOLD DEPOSIT

NICKEL DEPOSIT

KIBO LAKE VIC. SUB -PROJECTBLOCK OUTLINES 1 to 6

Lake Victoria Goldfields

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3

4

5

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Dutwa

Xstrata/Barrick Gold 52 M t / ~ 2.6 % Ni

AngloGold Ashanti 23 M oz/ ~ 4 g/t

African Barrick 16 M oz/ ~ 12 g/t

African Barrick 5.1 M oz/ ~ 2.4 g/t

Resolute Mining 2.7 M oz/ ~ 2.6 g/t

African Barrick 4.1 M oz/ ~ 1.4 g/t

African Barrick 4.1 M oz/ ~ 1.3 g/t

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Note: Mineral endowments shown are estimated pre-mining mineral resources

Lake Victoria Goldfields

Assets• Large portfolio of early stage mineral tenements covering 2,700 km2 scattered throughout the

central most gold prolific areas within the Lake Victoria Goldfield• Kibo’s tenements are distributed within six large geographical blocks which cover the composite

Sukumaland Greenstone Belt, Tanzania’s most richly endowed gold terrain

Area• Region contains world class gold mines at Bulyanhulu (16 Moz.) and Geita (23 Moz.) and other

multi-million ounce mines at North Mara, Buswagi and Golden Pride (resources in the range 1 to 5 Moz.)

• Pipeline of more recent and some historic discoveries undergoing advanced exploration and feasibility, including African Barrick’s 4 Moz. Nyanzaga deposit and Tanzanian Royalty’s 0.8 Moz. Buck Reef deposit

Work Undertaken• Stage 1 field exploration targeted regional gold soil geochemical anomalies on four licences by in-

fill soil sampling• Results have indicated areas for follow-up trenching and RAB/aircore drilling during Stage 2

exploration

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Central & Eastern Projects

Haneti Project

Morogoro Project (Morogoro North)

Morogoro Project (Morogoro South)

Ruvu Nappe Area

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Examples of target type gold discoveries & mines

Morogoro (North & South) Projects

Assets• Large portfolio covering 8,900 km2 within the newly emerging goldfield in the Morogoro-

Dodoma-Handeni areas of Tanzania • Kibo blocks are adjacent to recent artisanal mining discoveries• Discovery of high grade Magambazi gold deposit (30 km northeast of the Morogoro North licence

block) by Canaco Resources in 2009

Work Undertaken• Significant gold bearing structure (Ruvu Nappe) identified on Morogoro south block • Stage 1 field exploration results have identified a number of gold-in-soil anomalies extending

South from an active small scale gold mining operation (Udovelo) over 28 km

Future Exploration• Stage 2 follow-up exploration will comprise detailed infill soil sampling, prospecting and

geological mapping of these areas with the objective of establishing near term drill targets

Name Location Company Type ResourceMagambazi Tanzania Canaco Resources Quartz sulphide veins in granulite Resource not yet

available

Navachab Namibia AngloGold Ashanti Skarn/quartz Stockwork 4.5 Moz@ 1.17 g/t

Tropicana Australia Anglogold Ashanti/Independence Grp.

Shear hosted in high grade gneiss 5 Moz @ 2 g/t

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Haneti Project

Asset• Early stage nickel-platinum-gold project covering area of ~7,000 km2

• Straddles major geological boundary along sheared thrust front• Extensive artisanal gold mining in northwest of project block on continuation of Londoni

Greenstone Belt • Shanta Mining’s 1 Moz. Singida project just outside northwest corner of the Haneti project

Work Undertaken• Recent ground EM & magnetic geophysical surveying on two target areas • Preliminary results indicate presence of EM conductors that will provide early nickel sulphide

targets for drilling in 2012 Key target

• 80 km long ultramafic belt from which grades up to 13% nickel and 2.33 grams per tonne platinum & palladium were obtained

Recent Announcements• 8 May 2012: Memo of Understanding (MOU) with a subsidiary of Brazilian industrial

conglomerate Votorantim Group (Votorantim) with a view to entering a definitive joint venture• Votorantim to contribute up to £2.7 M to exploration expenditure over 3 years to acquire a 50%

interest in the project• Expenditure of £0.5 M by Votorantim would be required by 31 December 2013

Examples of target-type nickel discoveries & minesName Location Company Type Resource

Kabanga Tanzania Xstrata/Barrick Sulphide 52 Mt/2.6% Ni

Dutwa Tanzania African Eagle Laterite 92 Mt/0.88% Ni13

MEL & Mayborn Acquisition 2012

No. of shares in issue prior to transaction

Asset Valuation

Kibo share price for transaction

No. of new Kibo shares to be issued

Kibo Mining plc 415.1M

Mzuri Energy Ltd. (MEL)54.6M *£20.41M £0.03 680.3M

**Mayborn Resources Investments Ltd. (Mayborn)

25.6M *£0.8M £0.03 26.6MKibo Shares to be issued for MEL and Mayborn assuming 100% acquisition 706.9M

Summary Pre Transaction Post Transaction Comments

Kibo Shares in issue 415.1M 1,122M

Shareholding ( >5%)

Mzuri Capital Group 25.69% 25.69% to 30% Mzuri to stay < 30% by share distribution to its investorsDirectors 12.71% <5%

Sunvest Corporation 7.41% <5%

Public Float 54.19% ~63%

* Contingent on independent fair value opinion, acceptance by 100% MEL shareholders and by Kibo shareholders at GM

** Mayborn holds 50% interest in the Pinewood uranium & coal project under JV with MEL who hold the other 50%

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Rukwa Coal & Pinewood

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Rukwa Coal Resource (109 Mt )NOTE: See Appendices for CP-Statement

Locations of Pinewood uranium & coal tenement licence blocks

Mantra Resource’s Nyota uranium discovery sold for $1.16 bn in June 2011 to Atomredmetzoloto

Mchuchuma coal mine – Sichuan Hongda invested $3 bn in mine, thermal coal plant and nearby iron ore deposit in September 2011

Recent Major Investments

Rukwa Coal & Pinewood

Mtwara Corridor• Projects are located within the Mtwara Corridor, an area where the Tanzanian Government has

committed to significant infrastructure development and which has seen recent multi-million dollar foreign investment in coal and coal-fired power stations and uranium exploration

Rukwa• NI 43-101 compliant resource of 109 Mt (71.34 Mt Indicated/38.05 Mt Inferred) thermal coal

resource located in the Gaula coal field, southern Tanzania• Discovered and drilled by the Mzuri Group in the period 2008 to 2011• Comprises two Prospecting Licences (PLs) and two contiguous PL applications covering a total

area of 1,557 km2 that provide excellent potential to expand the current coal resource by continued exploration

• Presently owned and operated by Rukwa Coal Ltd. a Tanzanian company which is 100% owned by Mzuri Energy Holdings Ltd (MEL) of which Kibo has recently agreed to acquire at least 51%

• 15 May 2012: MEL signed MOU with an Asian global conglomerate for the development of the Rukwa coal resource and a 250-350 MW mine mouth coal fired power station

Pinewood • comprises over 18,000 km2 of uranium and coal PLs and PL applications over a large area of

southern Tanzania which has seen significant discovery success and investment in recent years

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Budget Expenditure

Exploration Time Line & Budget

2011• Q3 Field programme

activated• Q4 Funding to

complete Stage 1 in place

2012

• Q1 Stage 1 completed• Q2 Initial Stage 2

funding in place and additional assets acquired

• Q3 Drilling programmes underway

• Q4 Independent technical reports on projects completed

2013-2014

• Establish preliminary resource for priority projects

Exploration Budget Project £ Budget £ Total SpendSTAGE 1 BUDGET £ 1.3M *£0.8MLakeVictoria/Haneti/Morogoro

STAGE 2 BUDGETLake Victoria £0.5MHaneti £1MMorogoro North £0.84MMorogoro South £0.81MRukwa Coal £3.35M

Mayborn £0.9M

TOTAL STAGE 2 £7.4M

• Budget spend during Stage 1 was less than planned as delays in conversion of licence applications to active licences for Lake Victoria and reassessment of exploration strategy has required deferral of most of stage 1 expenditure for this project to Stage 2.

• NOTE: The above budget figures covers a period over 24 -36 months and will be partly funded from future planned capital raisings.

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EE

Stage 2 Programme Detail

STAGE 1 EXPLORATION BUDGET £0.8 M COMPLETE

STAGE 2 EXPLORATION BUDGET Consolidation of Lake Victoria exploration

blocks and completion of deferred Stage 1exploration spend for this project. £0.5 M

Drilling of targets generated during Stage 1 atHaneti & follow up exploration. £1.0 M

Follow up on areas of anomalous soil and streamgeochemistry at Morogoro and drilling wheretargets sufficiently resolved. £1.65 M

Infill resource drilling, scoping study & regional exploration drilling at Rukwa coal to upgrade to measured resource and test strike extension of existing 109 Mt resource. £3.35 M

Initial geological assessment of Mayborn uraniumcoal licences including aerial geophysical surveys. £0.9 M

Total Stage 2 Budget £7.4 M 18

EE

Progress Report

Acquisition of large pipe-line of gold prospective ground area in Tanzania.

Commencement of 2011-2012 field exploration programmes.

Completion of Stage 1 Exploration: Ruvu Nappe, Morogoro North & Haneti Hills.

Re-structuring & widening of strategic focus.

Acquisition of Mzuri Energy and Mayborn Resources.

Commencement of Stage 2 exploration with increased budget of £7.4M to cover work on newly acquired projects.

Follow up drilling to define JORC-compliant resources on priority target(s). Target and acquire further portfolio-enhancing opportunities.

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Why Kibo?

Extensive LandholdingOver 18,000 km2 of licences across Tanzania in present licences aloneKibo licences ‘grandfathered’ from present government limit of 2,000 km2

Gold ExplorationLicences in established and newly emerging gold addresses

Focus on JV PartnersStrategy to develop projects with strong commercial JV partners

Transformational AcquisitionsProposed acquisition of Rukwa Coal Project and Pinewood uranium licences will accelerate company development and has the potential to add further ~19,646 km2 landholding

ExperienceDirectors have been active in Tanzania since the mid-ninetiesRelationships built from governmental to local levels including strong Corporate Social Responsibility focus

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Board of Directors

Christian Schaffalitzky (Non-Executive Chairman)● Geologist with over 35 years experience in mineral exploration and mining finance.● Managing Director of AIM-listed Eurasia Mining plc.● Technical Director of Ivernia West plc and central to the discovery and development of the Lisheen

zinc deposit in Ireland in the mid nineties.

Louis Coetzee (Managing Director & CEO)● Business entrepreneur with 25 years experience in business development promotion and financing. ● Vice-president of business development with Canadian listed, Great Basin Gold Limited 2007-2009. ● Currently COO of Mzuri Capital Group Limited, an energy group with coal, oil & gas interests in

Tanzania and Russia, and Chairman of Australian listed East African Resources Limited.

Noel O’Keeffe (Exploration Director)● Geologist with over 20 years experience in mineral exploration.● Former Exploration Manager of AIM-listed Ormonde Mining plc in Tanzania.● Exploration management experience in Europe, Canada and Australia.

William Payne (Non-Executive Director & CF0)● Chartered Accountant with over 20 years experience.● Partner at London office of Wilkins Kennedy.

Des Burke (Non-Executive Director)● Geologist with over 40 years experience in exploration promotion & financing.● Founding director of AIM-listed Petroneft Resources plc and Executive Director with responsibility

for public relations from 2005 to 2009.● Founding director of AIM-listed Ormonde Mining plc and CEO from 1995 to 2000.

Tinus Maree (Non-Executive Director)● Lawyer with extensive public company directorship experience.● Principal of the River Group and CEO of Mzuri Capital Group Limited.● Successful record in development and sale of mineral projects in Tanzania.

Wenzel Kerremans (Non-Executive Director)● Lawyer with over 25 years legal experience in mining, banking and project finance.● Extensive experience in advising clients on mining investment in Africa. 21

Company Advisors

• AUDITORS: LHM Casey McGrath (Dublin)

• SOLICITORS: Eversheds O’Donnell Sweeney (Dublin)Ronaldsons LLP (London)

Rex Attorneys (Tanzania)

• NOMAD: RFC Ambrian (London, Sydney)

• DESIGNATED ADVISOR (JSE) • & CORPORATE ADVISOR: River Group (South Africa)

• JOINT BROKERS: Cornhill Capital (London) Northland Capital Partners (London)

• PUBLIC RELATIONS: Fortbridge Consulting (London, Sydney, Singapore, HK, Toronto, New York)

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Appendices

www.kibomining.com

June 2012

Corporate History

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Corporate Event Date # Shares Issued £ Price £ Cash raised

Private Placings & Corporate Structuring

January 2008 – March 2010

170,270,896 0.025 -0.034 £1.35M

Pre-IPO Placing March 2010 83,654,978 1.5p £1.25M

AIM Admission April 2010 (No cash raised on Admission)

Broker Placing October 2010 12,500,000 2.0p £0.25M

Placing – Mzuri Gold March 2011 16,666,667 3.0p £0.5M

Morogoro Gold Acquisition March 2011 56,666,667 3.0p N/A

Exercise of Broker Option March 2011 1,500,000 1.5p £0.022M

JSE Admission June 2011 (No cash raised on Admission)

Placing in South Africa June 2011 36,370,303 R 0.33 (~3.0p) £1.1M

Placing with Mzuri Gold February 2012 37,500,000 2.0p £0.75M

Total 415,129,511 £5.22M

Options & Warrants 17,103,517

Fully Diluted 432,233,028

Corporate Information

Kibo is an Irish-registered company established in 2008 that focuses on mineral exploration and development throughout Tanzania.

Stock Exchanges: AIM: KIBOJSE: KBO

Shares in Issue: 415,129,511 Options & Warrants: 17,103 517 Fully Diluted: 432,233,028

12-month share price range: 1.5p – 3.5p Current Share Price: 2.25p (on hold) Market Capitalisation: £10.8 M

Major Shareholding (>5%): Mzuri Capital Group 26%Directors 13%Sunvest Corporation Limited 8%

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Financials to 31 March 2012

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6 month pro-forma Accounts to 31 Mar 2012

12 month Statutory Accounts to 30 Sept 2011

£’000 £’000Unaudited Audited

Assets

Non-current assetsIntangible assets 4,653 3,853Total non-current assets 4,653 3,853

Current assetsTrade and other receivables 40 53Cash and cash equivalents 700 937Total current assets 740 990

Total assets 5,393 4,843

EquityCalled up share capital 3,545 3,232

Share premium 6,287 5,887Reserves (4,596) (4,383)Total equity 5,236 4,736

LiabilitiesCurrent liabilitiesTrade and other payables (157) (107)Total current liabilities 157 107

Total equity and liabilities 5,393 4,843

Mzuri Group – a strategic partner

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Mzuri Capital Group Ltd

Mzuri Gold Ltd

Morogoro Gold Ltd

Savannah Mining Ltd

Jubilee Resources

Ltd

Mzuri Energy Holdings Ltd (MEL)

Mzuri Coal Ltd

Rukwa Coal Ltd.

Mbeya Uranium Ltd.

Pinewood Resources

Ltd.

Lake Victoria ProjectGOLD

Morogoro ProjectGOLD

Rukwa ProjectCOAL (109 Mt)

Pinewood ProjectURANIUM & COAL

Kibo Acquisition underway May 2012

Kibo Acquisition March 2011

100%

35%

Public Shareholders

65%

100% 50%100% 100%

100%

Rukwa Coal NI 43-101 Resource

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This resource statement was prepared by Gemecs (Pty) Limited of South Africa and the Qualified Person Statement on the following slide applies

Qualified Person Statement (Rukwa Coal)

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CERTIFICATES OF QUALIFICATIONS

To accompany the report dated 19th April 2012 and entitled “Independent Technical Report for the Rukwa Coal Project, Mbeya Region, United Republic of Tanzania”.

1. I am responsible for preparing the aforementioned independent technical report (or“ITR”);2. I am a Director and Principal Geologist with the firm GEMECS (Pty) Limited (“GEMECS”) with an office at Visiomed Office park, 269 Beyers Naude Drive Randburg Johannesburg, South Africa;3. I am a graduate of the University of the Free State (former University of The Orange Free State) Bloemfontein, , Pietermaritzburg with a BSc Degree in Geology (1972). I graduated with a Master of Science (MSc) at the University of the Free State (1976). I have practised my profession continuously since 1975;4. I am registered as a Professional Natural Scientist (Geological Science) with the South African Council for Natural Scientific Professions (SACNASP), Registration No 400066/98.;5. I am a Fellow Member of the Geological Society of South Africa (FGGSA);6. I have not received, nor do I expect to receive, any interest, directly or indirectly, in the Rukwa Coal Project.7. As of the date of this certificate, to the best of my knowledge, information and belief,this updated ITR contains all scientific and technical information that is required to be disclosed such as to make this ITR complete and not be misleading in any way;8. I have read National Instrument NI 43-101 and Form NI 43-101F1 and by reason of my education and past relevant work experience, I fulfil the requirements to be a “Qualified Person” for the purposes of National Instrument 43-101. This ITR has beenprepared in compliance with National Instrument 43-101 and Form 43- 101F1;9. I as a Qualified Person , am independent of Mzuri Energy Limited and Rukwa Coal Limited as defined in 1.4 of National Instrument 43-10110. I have personally inspected the Rukwa prospecting areas located in Mbeya District,Tanzania during a site visit conducted in June 2010. I visited the property for a period of 2 days.11. Until my site visit during June 2010 I had no previous involvment in the Rukwa Coal Project.12. GEMECS was retained by Rukwa Coal to prepare an updated independent technicalreport for this project in accordance with National Instrument 43-101. The preceding report is based on our review of project files and information provided by Rukwa and discussions with personnel of Rukwa;

Dated the 19th day of April 2012

CD van Niekerk Pr.Sci.Nat.Director and Principal Geologist