Keras Resources : Presentation

MINING AN ESSENTIAL RESOURCE SUPPORTING SUSTAINABLE AGRICULTURE

SEPTEMBER 2022

INVESTOR PRESENTATION

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INVESTMENT SUMMARY

PROVIDES INVESTORS EXPOSURE TO THE FAST-GROWING ORGANIC FERTILISER MARKETS

100% owned,		Integrated		Premium		Rapid rise in		Establishing a		Compelling
fully funded,		mine to		organically		synthetic		foothold in		growth strategy
cash flow		market		certified DSO		fertilizer pricing		carbon credit		through organic
positive		operation -		organic		- growth in		market -		development
		Full autonomy		products -		demand for		initiating		and strategic
		of operations		building market		organic		programme to		partnerships
		and sales		share in the US		fertilizers within		unlock value
				organic fertiliser		the sector		through lower
				market forecast		supports		net carbon
				to grow at		expectations		footprint
				>8%pa		for real price
						growth

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BOARD OF DIRECTORS

PROVEN TRACK RECORD OF DEVELOPING MINING PROJECTS TO PROFITABLE PRODUCTION

	Russell Lamming		Graham Stacey			Brian Moritz			Claire Parry
				Non-Exec Director &			Independent Non-
	Non-Exec Chairman		CEO
				Company Secretary			Exec Director
•	Geologist with wide		•	Mining Engineer with		•	Chartered Accountant		•	A Chartered
	ranging mining			20 years' experience			and former Senior			Accountant and a
	industry experience,			across a range of			Partner of Grant			partner of Azets, a
	previously worked as		•	commodities			Thornton, London			top 10 UK
	an analyst and then		Previously worked for		•	Involved in listing			accounting firm
	independent			Anglo American and			many mining		•	Specialist in IFRS
	consultant			Venmyn Rand, AIM			companies, and			accounting and
•	Previously CEO of			listed Chromex, JSE			Chairman of several			financial control for
	Chromex Mining,		•	listed Keaton Energy			mining companies.			smaller quoted
	Goldplat Plc and part		Background in mining			Formerly Chairman of			companies, primarily
	of the African			project exploration,			African Platinum PLC			in the natural
	Platinum			evaluation and			and Metal Bulletin PLC			resources sector.
	management team			construction

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DIAMOND CREEK MINE

IDEAL LOCATION, STRONG TECHNICALS

• Tabular orebody with mapped geological continuity with access from the south in place, approximately 3m in thickness
• Historical production of ~17,000t during 1950s with quality data
• The most recent estimate during the 1980s quotes ~5mt of 'surface mineable' phosphate bed within the 840 acre Lease
• 2 acre block of immediately mineable ore - 40kt of pre-stripped ore representing the first 2.5 - 3 years of production
• Organic certifications in place - WSDA, CDFA & OMRI
• 15 Core boreholes during 2016 and 2019 programs largely within the pre-stripped block demonstrated volumes & qualities to support bulk sample
• 500t Bulk sample extracted late 2019 presented data to support development of the mine

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DIAMOND CREEK MINE

2020 INVESTMENT DECISION & MINE DEVELOPMENT

• USD2.5m investment during 2020 to earn 51% shareholding
• Small-scaleMining Permit secured
• Access & haul road upgrades
• Contractor appointed to mine, load & haul, crush & mill
• Mining commenced July 2020

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