Page 4 - Leshobo Technical Report_October2016

Tel: +27 15 291 4321
Fax: 086 605 6763
Address: 18 Biccard Street, Polokwane, 0699
Postal: P O Box 581, Bendor, 0713
email: topmanb3@gmail.com

12th October 2016

I am pleased to present the technical report for the initial development of the
Leshobo Limestone Project. The initial development phase of the project has
three key criteria.

a) Firstly a short timeframe to production and cashflows which will
fund future production growth.

b) Secondly a low capex requirement to minimize any future equity
financing and potential shareholder dilution.

c) Finally it is achievable by the Company without reliance on
additional 3rd party infrastructure.

Subsequent phases will focus on securing other deposits in the surrounding
areas, increasing production to leverage the large resources base and
exploration of the slate to improve margins.
Our thanks go to the Geopoint Africa team, who lent their recognized expertise
to this study.

Sincerely,

Topman Ngonyama

Executive Director

Registration Number: 2013/117083/07