JP Oosthuizen - Integration Manager | Congo

A MAJOR WEST AFRICA OPPORTUNITY

MAYOKO IRON ORE PROJECT

2Disclaimer

Opinions expressed herein are by nature subjective to known and unknown risks and uncertainties. Changing

information or circumstances may cause the actual results, plans and objectives of Exxaro Resources Limited (the

Company) to differ materially from those expressed or implied in the forward looking statements. Undue reliance

should not be placed on opinions, forecasts or data.

No representation is made as to the completeness or correctness of the opinions, forecasts or data contained

herein. Neither the Company, nor any of its affiliates, advisors or representatives accepts any responsibility for any

loss arising from the use of any opinion expressed or forecast or data herein. Forward-looking statements apply only

as of the date on which they are made and the Company does not undertake any obligation to publicly update or

revise any of its opinions or forward looking statements whether to reflect new data or future events or

circumstances.

A major West Africa opportunity 3

4Contents

Who we are

Mayoko Project Overview

Responsible Corporate Citizenship

Stakeholder engagement

Community development

Questions

WHO WE ARE

6Our portfolio

Source: Exxaro 2013 Integrated Report

7Our Strategy

Source: Exxaro Strategy Analysis

MAYOKO PROJECT OVERVIEW

9Mayoko Project Overview - Location

10Mayoko Project Overview Republic of Congo

Location

The Project is located in the western

corner of the Republic of Congo

approximately 300 km north east of

the port city of Pointe-Noire.

Country

The Republic of Congo is a French

speaking country with a population of

~4 million.

The country has a stable government

and enjoys good relationships with

South Africa.

Exxaro has established very healthy

relationships within the country with

business, industry and Government.

Infrastructure

Within 2 kilometer of existing rail

infrastructure, 465km from Mayoko to

Pointe Noire.

Existing port undergoing various

upgrades.

11What makes this a great project?

Infrastructure MarketResource

People

12High grade resource with significant upside

13Project location - Geology

14Geology - Quality resource

Resource

Capping(Hematite)

8Mt

Transported

Ore(Hematite)

69Mt

Enriched BIF (Hematite)

93Mt

Transitional

BIF (Magnetite)

70Mt

Fresh BIF(Magnetite)

512Mt

Total 752Mt *

* December 2013 figuresDrilling completed: ~66 200m

Geology - Ore types and in-situ qualities 15

Capping and

transported ore

(Hematite)

Enriched BIF ore

(Hematite)

Fresh BIF ore

(Magnetite)

BIF = Banded Iron

Formation

Capping Hematite/Goethite cemented together (50 to 65 % Fe)

Transported Ore Hematite/Goethite in clay matrix (42 to 65 % Fe)

Enriched BIF Hematite, silica leached out (40 to 46 % Fe)

Transitional BIF Hematite/Magnetite, silica not leached (33 to 40 % Fe)

Fresh BIF Magnetite and silica (28 to 35 % Fe)

15

16Mayoko deposit - Geography of resource

Project location - Exploration program of 2014 17

Planned:

25 000m

18Exploration

Exploration 19

20Operational readiness - Development to date

The Mayoko Value Chain

Exploration Resource Definition

Mining Processing Blending Transport StorageShip Loading

Progress

Mining

Mining fleet at site

Quarry operations begun

Explosives magazine &

roads completed

Plant

All equipment @ Mayoko

for first phase plant

Site being prepared

Rail

7 Locomotives commissioned

90 ore wagons commissioned

15 ballasting wagons

Port

1350 Iron ore containers in port

Harbour crane operational

Construction

Detailed engineering completed

Very well developed construction

camp

Project logistics 21

22Rail and port

Port - Development to date 23

Port - Development to date 24

Rolling stock 25

Infrastructure - Mayoko camp, plant site and roads 26

27Infrastructure - Mayoko camp and facilities

Equipment 28

Equipment 29

RESPONSIBLE CORPORATE CITIZENSHIP

Stakeholder engagement

IFC

Performance

Standards:

First time ever in

Republic of

Congo

31

Community development - Infrastructure 32

Community development - Education & sport 33

Environment

OTHER SIGNIFICANT ACHIEVEMENTS:

~18 000 trees (9 species) propagated at

Mayoko in Exxaro nursery

Discovered >32 new fauna and flora

Species to date:

- Four new mammal species

- Five new fish species

- Five new amphibian species

- New genus tree specie

- Large variety of new/undescribed

insect species

34

Archaeology

SIGNIFICANT FINDINGS:

Archaeological fieldwork has identified

important archaeological remains dating to

the Neolithic (4000-1000BP) and iron age

(500BP 1400AD) periods. We are

awaiting carbon dating to confirm the age in

the final archaeological report.

In accordance with international best

practice and in compliance with IFC

Performance Standards, Exxaro will

conduct further studies to investigate the

site remains, the iron age ore processing

methods and the earlier (Neolilthic)

evidence.

35

Archaeology 36

37Our people

Concluding remarks and questions 38

39Thank you