IGE Resources AB

Company Presentation

21 September 2010

IGE

Disclaimer

This Presentation (this "Presentation") has been prepared by IGE Resources AB ("IGE" or the "Company").

To the best of the knowledge of IGE, the information contained in this Presentation is in all material respect in accordance with the facts as of the date hereof. However, no representation or warranty (express or implied) is made as to, and no reliance should be placed on, any information, including projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein, and, accordingly, none of IGE, or any of its parent or subsidiary undertakings or any such person's officers or employees accepts any liability whatsoever arising directly or indirectly from the use of this Presentation. This Presentation contains information obtained from third parties. Such information has as far as the Company is aware and able to ascertain been accurately reproduced.

This document contains certain forward-looking statements relating to the business, financial performance and results of IGE and/or the industry in which it operates. Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", "expects", "products", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements contained in this Presentation, including assumptions, opinions and views of the Company or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. None of IGE, or any of their parent or subsidiary undertakings or any such person's officers or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the forecasted developments. IGE assumes no obligation, except as required by law, to update any forward-looking statements or to conform these forward-looking statements to our actual results.

AN INVESTMENT IN THE COMPANY INVOLVES RISK, AND SEVERAL FACTORS COULD CAUSE THE ACTUAL RESULTS, PERFORMANCE OR ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS THAT MAY BE EXPRESSED OR IMPLIED BY STATEMENTS AND INFORMATION IN THIS PRESENTATION, INCLUDING, AMONG OTHERS, RISKS OR UNCERTAINTIES ASSOCIATED WITH THE COMPANY'S BUSINESS, SEGMENTS, DEVELOPMENT, GROWTH MANAGEMENT, FINANCING, MARKET ACCEPTANCE AND RELATIONS WITH CUSTOMERS, AND, MORE GENERALLY, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN DOMESTIC AND FOREIGN LAWS AND REGULATIONS, TAXES, CHANGES IN COMPETITION AND PRICING ENVIRONMENTS, FLUCTUATIONS IN CURRENCY EXCHANGE RATES AND INTEREST RATES AND OTHER FACTORS. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES MATERIALISE, OR SHOULD UNDERLYING ASSUMPTIONS PROVE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THIS PRESENTATION. THE COMPANY DOES NOT INTEND, AND DOES NOT ASSUME ANY OBLIGATION, TO UPDATE OR CORRECT THE INFORMATION INCLUDED IN THIS PRESENTATION.

By receiving this Presentation recipients acknowledge that they will be solely responsible for their own assessment of the market and the market position of the Company and that they will conduct their own analysis and be solely responsible for forming their own view of the potential future performance of Company's business. The information contained herein is as of the date hereof and subject to change, completion or amendment without notice. There may have been changes affecting the Company or its subsidiaries subsequent to the date of this Presentation. The delivery of this Presentation at any time after the date hereof will not, under any circumstances, create any implication that there has been no change in the Company's affairs since the date hereof or that the information set forth in the Presentation is correct as of any time since its date. The Company does not intend, and does not assume any obligation to update or correct the information included in this Presentation.

The distribution of this Presentation may in certain jurisdictions be restricted by law. Persons in possession of this Presentation are required to inform themselves about and to observe any such restrictions.

In relation to the United States, the shares of the Company have not and will not be registered under the US: Securities Act of 1933, as amended, or any state securities law, and may not be offered or sold within the United States unless an exemption from the registration requirements of the U.S. Securities Act is available.

This Presentation speaks as of 21 September 2010. Neither the delivery of this Presentation nor any further discussions of the companies with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of IGE since such date.

IGE

Summary	3
Company presentation	6
Market outlook	20
Financials	28
Appendix	31

IGE

IGE Resources in brief

The ‘new’ IGE; A diversified exploration & mining company
Acquired all activities of Pangea DiamondFields plc in March 2010¹
Transformed IGE from a pure explorer to a full cycle mining company
Growing diamond production in Africa
Nine diamond projects in Angola, South Africa and the DRC²
Currently producing 5,000 carats per month³ from two mines
Targeting 10,000 carats per month³ by end of 2011
Proving up large nickel deposit in Sweden
NI 43-101 compliant resource with significant upside potential
High nickel recovery & very high grade nickel concentrate demonstrated
Preparing pre-feasibility study to be finalized by end 2011
Listed on the Oslo Stock Exchange
Market cap of approx. USD 65 million
Actively traded share

IGE

1) 495,399,057 new shares issued as consideration in April 2010

2) The DRC = The Democratic Republic of Congo

3) 100 % project basis, IGE attributable interest varies from project to project (see table page 12)

Key attractions

Growing revenues

Targeting significant increase in diamond revenues
Currently producing diamonds worth USDm 0.5-0.7 per month (~5,000 cts/mth¹)
Forecasting gross revenues of USDm 2.0-2.5 per month² by end of 2011 (~10,000 cts/mth¹)
Expecting positive cash flow from operations during H2 2011

Significant upside and growth potential

Preparing pre-feasibility study on the Rönnbäcken Nickel Project (RNP)
Resource target increased by 50% to 600-650 Mt³ in September 2010
Additional exploration upside
Further potential for production growth in the diamond portfolio
Gross resource base of 13.5 million carats¹ (verified and additional)
Potential for finding larger diamonds and higher grade pothole deposits in South Africa

Strong market outlook

Growing global nickel demand
Risk of continued delays in HPAL⁴ projects
Widening diamond supply gap
Depleting global resources and growing demand from Eastern Hemisphere

Multiple near term value triggers

Potential nickel project value triggers:
Partner financing of the pre-feasibility study
Verification of resource target (exp. Q4 2010)
Potential diamond portfolio value triggers:
Continued successful ramp-up of production
Finds of larger, high value diamonds

Actively traded share

Regular news flow
Monthly diamond sales from each mine
Among top 30 most traded shares on OSE
Average daily turnover of 2.6% of the share capital in H1 2010
7,700 shareholders; private and institutional

IGE

1) 100 % project basis, IGE attributable interest varies from project to project (see table page 14)

2) Including repayment of project loans given by IGE

3) At 0.17-0.21% total Ni (0.10-0.15% Ni in sulphides)

4) HPAL = High Pressure Acid Leaching

Summary 3

Company presentation 6

Market outlook 20

Financials 28

Appendix 31

IGE

Pursuing a three-pronged growth strategy

IGE's strategy is to create value for its shareholders through organic growth and deals within core areas

Strategy	Execution
1. Increase cash flows from operations by developing assets and optimizing production	✓ Increasing diamond production in Southern Africa
2. Create asset value through commercialization of attractive mineral deposits with significant upside	✓ Pre-feasibility study on the Rönnbäcken nickel project
3. Exploit the Oslo Stock Exchange listing and liquid share to make value accretive deals	✓ Acquisition of all activities of Pangea DiamondFields plc

IGE

The Pangea transaction

A step-change transaction

The acquisition of all activities in Pangea DiamondFields plc in March 2010 transformed IGE Resources into a full cycle exploration and mining company
Diversified portfolio of diamond projects
USD 60 million already invested in the ground
Current and increasing revenue
One diamond mine in production
Another four projects moving towards commercial mining
Significant resource base
8.4 million carats SAMREC compliant
Potential for 3.9 million additional carats
Organization with strong operational expertise in Southern Africa
Diamonds, precious & industrial minerals

Pangea DiamondFields plc

IGE

Growing African diamond production

Diversified portfolio in Africa
Nine licenses in Angola, South Africa and the Dem. Republic of Congo
Significant resource base¹
13.5 million carats gross (verified and additional)
Doubling production in 2011
Targeting 10,000 carats per month¹ by end of 2011
Potential for further production growth both near and long term
Sales prices depending on size and quality
Carat, clarity, cut and colour
Ranging from 80-2,000 USD/carat

Resource base¹

IGE

1) 100 % project basis, IGE attributable interest varies from project to project (see table page 12)

EXPLORATION
ADVANCED EXPLORATION
BULK SAMPLING
PILOT MINING
MINING

Project overview

Project	Country	Interest	Verified resources^{1}	Additional resources^{2}	Current production^{3}	Near term target^{3}	Long term target^{3}	Price range	CAPEX estimate	OPEX target
			Cts (gross)	Cts (gross)	Cts/mth (gr.)	Cts/mth (gr.)	Cts/mth (gr.)	USD/carat	Million USD	USD/carat
Cassanguidi	Angola	65 %	902,000	440,000	3,500	7,000	7,000	140-180	2.0	90
Luxinge	Angola	31 %	-	1,100,000	1,500	2,000^{5}	2,000^{5}	80-110	-	70
Bakerville	S. Africa	74 %^{4}	455,000	579,000	-	2,800	2,800	340-500	8.7	160
Harts River	S. Africa	74 %^{4}	78,000	790,000	-	-	1,375^{7}	1,500-2,000	20.0^{7}	1,090
Longatshimo	DRC	100 %	3,567,000	1,164,000	-	3,000^{6}	5,000^{6}	120-160	4.1+2.8^{6}	100
Tshikapa	DRC	100 %	3,353,000	1,102,000	-	-	6,000^{7}	120-160	11.3^{7}	100
Cariango	Angola	40 %	-	-	-	-	-	-	-	-
Luanguinga	Angola	35 %	-	-	-	-	-	-	-	-
Lacage	Angola	43 %	-	-	-	-	-	-	-	-
Total			8,355,000	5,175,000	5,000	~10,000

Gross value of the diamond resources estimated to between USD 3 and 4 billion $^{3}$

1) 100 % project basis, independently verified; SAMREC compliant
2) 100 % project basis, estimated by IGE; not SAMREC compliant or independently verified
3) 100 % project basis, IGE attributable interest varies from project to project, see separate column
4) Assumes exercise of IGE's option to acquire Pangea Exploration's interest in these projects; current effective interest is 54 %
5) Long-term strategy to be defined by SML, the joint-venture company
6) Decision to commence pilot-mining/commercial mining is pending
7) Future projects

IGE

EXPLORATION ADVANCED EXPLORATION BULK SAMPLING PILOT MINING MINING

Cassanguidi

Producing approx. 3,500 cts/mth
179 USD/carat in September sale
Targeting increased production and lower average OPEX
Planning to invest USD 2.0 million and increase production to 7,000 cts/mth by end of 2011
Increased production will reduce OPEX from 106 USD/carat to between 80 and 90 USD/carat
Right to 100 % of free cash flow up to USD 15 million
Repayment of equity loan from IGE to the project

Cassanguidi facts

Project type	Alluvial
Interest	65 %
Country	Angola
Status	Mining
Price range	140-180 USD/ct
Verified resources	902,000 carats (gr.)
Additional resources	440,000 carats (gr.)

Selection of April 2010 sale diamonds

IGE

EXPLORATION ADVANCED EXPLORATION BULK SAMPLING PILOT MINING MINING

Bakerville

Mining right application submitted
Award probably January 2011
Planning to commence mining operations 2011
Planning to invest USD 8.7 million and ramp-up production to 2,800 carats/month by late 2011
Expected OPEX of approx. 160 USD/carat
Potential for finding larger, high value stones
Unexplored pothole structures
Historically grade up to 100 x surface grade

Bakerville facts

Project type	Alluvial
Interest	74 %^{1}
Country	South Africa
Status	Pilot Mining
Price range	340-500 USD/ct
Verified resources	455,000 carats (gr.)
Additional resources	790,000 carats (gr.)

18,4 ct stone from Bakerville sold for >15,000 USD per carat

IGE

1) Assumes exercise of IGE's option to acquire Pangea Exploration's interest in these projects; current effective interest is 54 %

EXPLORATION
ADVANCED EXPLORATION
BULK SAMPLING
PILOT MINING
MINING

Longatshimo

Bulk sampling since March 2008
USD 11 million already invested
Planning to commence pilot-mining operations early 2011
Estimated CAPEX of USD 4.1 million to reach 3,000 cts/mth
Preparing to move into commercial mining by end of 2011
>5,000 carats/month based on additional investment of USD 2.8 million
Expected OPEX of approx. 100 USD/carat
Attractive fiscal terms

Longatshimo facts

Project type	Alluvial
Interest	100 %
Country	Dem. Rep of Congo
Status	Bulk Sampling
Price range	120-160 USD/ct
Verified resources	3,567,000 carats (gr.)
Additional resources	1,164,000 carats (gr.)

Longatshimo Bulk Sampling Plant

IGE

Building value in Swedish nickel sulphide project

Rönnbäcken nickel project (RNP)

A major nickel sulphide project in Sweden
Significant NI 43-101 compliant resource base
High grades of concentrates achieved (25-35%) in test work
Exploitation concessions granted in June 2010

Rönnbäcken facts

Country	Sweden
Interest	100%
Project type	Nickel sulphide
Measured & indicated	257 Mt
Inferred	83 Mt
Head Grade	0.18% Ni¹
Strip Ratio	0.7:1
Concentrate Grade	25% Ni

Proving up resources and value

Preparing pre-feasibility study (PFS)
Current target: 600-650 Mt¹ mineral resource
Looking to finance PFS costs through partner financing

Cost and production estimates

Pre-feasibility study	USD 13 million
Bankable feasibility study	USD 21 million
Capital cost²	USD 698 million
Operating cost²	5.55 USD/lb
	12,235 USD/ton
Current throughput	20 Mt/year
Current mine life	17 years

IGC
1) At 0.17-0.21% total Ni (0.10-0.15% Ni in sulphides)
2) November 2009 estimates; will be updated during Pre-Feasibility Study

Current resource target 600-650 million tons¹

IGE

Press release No 53 - 2010

13 September, 2010

New drill results confirm very large zone of mineralization at Sundsberget. As a result, the exploration target for the Rönnbäcken Nickel Project is increased to 600-650 million tonnes.

IGE Resources AB (OSE: IGE) is pleased to present the initial results of the summer drilling programme at the Sundsberget nickel deposit. Favourable results from drilling have prompted IGE to raise its exploration target to 600-650 million tonnes, an increase of 50 percent over the target set five months ago.

The focus of the 2010 summer drill program at the Rönnbäcken Nickel Project was to infill and extend the nickel sulphide mineralization at the Sundsberget deposit, which was discovered by drilling completed during the winter (see Press Release No. 35 – 2010). To this end a total of 12 drill holes were completed, comprising a total of 3,356 metres.

"Results of the drilling are very encouraging and suggest that there is an extensive tonnage of the mineralized ultramafic host rock at Sundsberget, where a thick zone of nickel sulphide mineralization has been defined", says CEO Fredric Bratt, IGE Nordic.

Significant potential to increase resource size
30 Mt per year ore throughput option under evaluation

IGE

1) At 0.17-0.21% total Ni (0.10-0.15% Ni in sulphides)
2) Prepared by Scott Wilson Roscoe Postle Associates Inc
3) Prepared by SRK Consulting (Sweden) AB

Additional exploration targets could increase the resource further

Large areas of exposed serpentinite with known nickel mineralization remain untested by drilling
Planning further drilling on exploration targets in the Rönnbäcksnäset and Vinberget areas
Potential for other zones of low strip ratio/near-surface nickel mineralization

IGE

Key advantages of RNP

Operational advantages

Open pit, with a low strip ratio (0.7:1)
Very high grade nickel concentrate (25%) confirmed by pilot plant tests
Low technical risk – conventional mining, milling & flotation
Low environmental impact tailings
Sizeable volume plus long life attractive for smelters
Nearby infrastructure reduces development costs

Strategic advantages

Favorable jurisdiction for mining
Low country risk
Low royalties (0.2%)
Significant contributor to local economy in terms of employment, taxes & related spin-off effects
On-going, regular dialogue with local communities from the beginning

IGE

Amongst the highest grade nickel concentrates

Exceptionally high grade nickel concentrate demonstrated
25-35% achieved by metallurgical test work
Achievable using conventional mining and milling methods
Possible despite low grade ore due to favorable mineralogy
Significant cobalt credits
445 tons per year
Significant downstream benefits
Lower transport costs
Savings on smelting costs
Concentrate nickel:sulphur ratio > 1.7:1 (cf 0.5:1)
Future feed sources uncertain for several smelters

Nickel concentrates

Sizeable RNP volume attractive to smelters

IGE

Source: Brook Hunt

Bringing the project forward with strong partners

Mitchell River Group (MRG)
MRG will provide nickel development expertise, in return for an option to acquire 10% of the RNP
MRG is a well-respected resource investment group specializing in the development of base metals projects
MRG has an impressive track record from nickel mine developments:

Project	Start-up	Production	Development
Sally Malay, Australia	2004	15,000 t/y	• BFS ~1 year (2001-2002)
• Construction 1.5 years (03-04)
Munali, Zambia	2008	10,000 t/y	• Scoping study ~1 year (04-05)
• BFS ~1 year (05-06)
• Construction ~1 year (07-08)
Santa Rita, Brazil	2009	24,000 t/y	• Scoping study ~0.5 year (05-05)
• BFS ~2 years (05-07)
• Construction ~1.5 years (07-09)

Hatch Corporate Finance
IGE has retained Hatch Corporate Finance to execute a private placement in a subsidiary of IGE Nordic
The purpose of the private placement is to finance the Pre-Feasibility Study (PFS) on the RNP
Since 2003, the firm has successfully executed transactions in excess of USD 10 billion
Hatch CF is part of the Hatch Group, a world leading engineering and consulting firm in the metals and mining sector

IGE

Summary 3

Company presentation 6

Market outlook 20

Financials 28

Appendix 31

IGE

Introduction to diamonds

Diamonds are carbon compressed in the Earth's mantle
Brought to the surface through volcanic eruptions
Can be found in kimberlite rocks and alluvial deposits
Kimberlite rocks
Complicated processing
Highly capital intensive
Long time to production (8 yrs)
Alluvial deposits
Simple processing
Comparatively lower CAPEX
Short time to production (2 yrs)
Usually higher quality stones

Kimberlite mine in Canada

Alluvial mine in South Africa

IGE

Sale and valuation

Diamonds are parceled according to buyers preference
Potential buyers are invited to view and bid
Can be closed or negotiation
Valued by reference to 4 C’s
Carats, clarity, color and cut

IGE diamond sales¹

Date	Mine	Avg price (USD/Ct)	Quantity sold (cts)
29 April	Cassanguidi	162.00	3,408
9 June	Cassanguidi	181.60	2,760
23 July	Cassanguidi	161.36	2,938
25 August	Luxinge	80.00	6,045
3 September	Cassanguidi	179.00	4,671
Total sales year to date			19,822

IGE

1) 100 % project basis, IGE attributable interest varies from project to project (see table page 12)

Market outlook

Positive market dynamics

Increase in demand from Eastern Hemisphere
No new significant diamond discoveries
Increased awareness of future supply constraints
Increasing number of high net worth individuals globally
Demand spans all social demographics

China Global Times, June and August 2010

Moving Towards Diamond Investments

20% price increase in Diamonds despite decrease in all other sectors - Global Times

June 18 2010

Diamond consumption soars

76% Year on year increase - Global Times August 10 2010

Financial Times, 27 April 2010

“De Beers, the South African miner that is the world’s biggest producer, says that the world’s sources of the gem are depleting and are not being replaced fast enough to meet long term demand”

IGE

Introduction to nickel

Mined from two types of ore deposits
Sulphides (30%)
Laterites (70%)
Annual refined nickel production of 1.46 million tons globally
Main industrial and consumer products
Stainless steel (67%)
Special alloys (12%)
Plating (11%)
Average LME price of 10.89 USD/lb (24,000 USD/t) over the last three years

Global nickel consumption

Nickel price

IGE

Sources: INSG / MK Commodities Consulting (top graph) and LME (bottom graph)

Sulphide projects versus laterite HPAL projects

Sulphide projects

Fewer discoveries being made
Conventional, mature technology
Technology readily applies to all types of sulphide ores
Lower energy consumption
Lower capital cost
Only need mine and mill to produce saleable product

Stage	Name	Status
1st wave of HPAL projects	• Bulong
• Cawse
• Murrin Murrin	• Closed
• Closed
• Never reached capacity
2nd wave of HPAL projects	• Goro
• Ravensthorpe
• Ramu	• Delayed by 3 years
• Closed before start-up
• Delayed by 1 year
Successful HPAL projects	• Coral Bay	• Producing 20 ktpa Ni in hydroxides

Laterite HPAL projects

Remote, tropical regions – often need to build infrastructure, power plants
Processing technology is complex and still under development
Technology must be tailored to ore
High energy consumption
High capital cost
Need mine, hydromet plant, acid plant/source of acid

Name	Original CAPEX (USDm)	2007 Estimate (USDm)	2010 Estimate (USDm)	Original start-up	Est. start-up
Ambatovy	1,600	2,500	4,520	2006	2011
Goro	1,400	3,000	4,300	2007	2010
Ravens-thorpe	700	2,200	2,410	2007	2012

IGE

Source: MK Commodities Consulting

Need for new nickel projects

Growth in nickel consumption expected to continue
Driven by increasing demand from China and the developed world
Lack of new project capacity being brought on stream
Risk of significant supply gap
So far, HPAL laterite projects have a poor track record
Further delays or cancellations of HPAL projects will strengthen the expected supply/demand imbalance
Current market outlook supports the planned commissioning of Rönnbäcken

Market balance, incl. HPAL projects

Market balance, excl. HPAL projects

IGE

Source: MK Commodities Consulting

China is driving growth in nickel demand

IGE

Sources: INSG

Summary 3

Company presentation 6

Market outlook 20

Financials	28
Appendix	31

IGE

Financial highlights – Q2

SEK million	Q2 2010	Q2 2009	H1 2010	H1 2009	2009
Revenues	25.2	0.0	27.2	0.0	15.2
Operating result	-2.4	-31.5	-24.1	-34.1	-66.9
Net result	-9.5	-32.2	-31.1	-37.5	-65.8
Cash at end of period	26.2	17.1	26.2	17.1	40.8
Interest bearing debt at end of period *)	32.6	16.5	32.6	36.1	12.1
Earnings per share (SEK)	-0.01	-0.07	-0.03	-0.08	-0.12

*) Includes SEK 18.3 million in loans provided by shareholders, originally to Pangea DiamondFields

IGE

Balance Sheet

SEK million	30 Jun 2010	31 Dec 2009
Total assets	1,010.0	327.3
- Mineral interests	742.6	154.3
- Plant and machinery	87.5	47.7
- Mine and other development assets	56.1	0.0
- Shares in associated companies	25.5	25.6
- Long term receivables	39.8	40.4
- Cash	26.2	40.8
- Other current assets	32.5	18.5
Equity	738.3	306.2
Long term debt	32.6	12.1
Short term debt	22.2	9.0
Equity and debt	1,010.0	327.3

IGE

Summary 3

Company presentation 6

Market outlook 20

Financials 28

Appendix 31

IGE

Strong and focused management team

IGE Resources AB (publ)
Tomas Fellbom, CEO
Mr. Fellbom is founder and former CEO of Spray Networks in France. Before joining IGE, Fellbom was Vice President of the Swedish Trade Council and in charge of Southern Europe, Africa and the Middle East regions.
Fellbom holds a Master's Degree in Business Administration from the Stockholm School of Economics. Tomas Fellbom holds a dual citizenship of Sweden and France.	Thomas Carlsson, CFO
Carlsson has previous to his position with IGE worked as manager within ISS Facility Services, Fischer Partners FK AB and Nordea.
Carlsson has thorough experience from working with corporate finance, as well as controlling, auditing and financial reports for listed companies.
Carlsson holds a Master's Degree in Finance from Stockholm University. Thomas Carlsson is a Swedish citizen.
IGE Diamond AB	IGE Nordic AB
Boris Kamstra, MD IGE Diamond
Mr. Kamstra is a Professional Engineer and has over the last four years been establishing and managing diamond projects over most of Africa. He qualified cum laude from the University of Cape Town with a Civil Engineering degree in 1989. He then commenced his career at Grinaker Concrete Construction becoming a director of that company in 1999. During his tenure there he completed a number of large infrastructure projects throughout Africa. After which he completed an MBA at University of Witwatersrand.
Mr. Kamstra has undertaken projects for the Landbank of South Africa, the National Union of Mineworkers and a number of private companies primarily in the role of Managing Director or CEO tasked with returning companies to profitability or assisting with the establishment of new ventures.
Prior to IGE Diamond he was the CEO of Pangea DiamondFields PLC, which he successfully merged with IGE Resources in March 2010. Boris Kamstra is a South African citizen.	Fredric Bratt, CEO IGE Nordic
Over 20 years of international and commercial experience from the mining & metals industry (mainly nickel, copper, cobalt, lead, zinc, precious and platinum group metals)
Before heading up IGE Nordic in 2007, Mr. Bratt worked with Falconbridge International in Brussels for over eight years, initially as Manager Raw Materials and later as Director Raw Materials, where he was responsible for acquiring nickel, copper, cobalt and PGM bearing raw materials for the smelter in Sudbury, Canada and the Falconbridge Nikkelverk A/S refinery in Kristiansand, Norway
Prior to Falconbridge, he was employed by Boliden for over five years as General Manager for the joint Boliden, Trelleborg and Falconbridge office in Moscow
He has held directorships on the board of Falconbridge International Limited, Barbados (1998-2006) and Falconbridge East Limited, Cyprus (1998-2006). Mr. Bratt is currently a director on the board of Norrsken Energy Ltd

IGE

Luxinge

EXPLORATION ADVANCED EXPLORATION BULK SAMPLING PILOT MINING MINING

Sold 6,045 carats from exploration phase for 80 USD/carats
Considering commercial mining operations
Decision on next steps to be made by the joint venture SML by end of September 2010
No additional funds needed until then
Similar to Cassanguidi
However, fewer large stones
Lower overburden

Luxinge facts

Project type	Alluvial
Interest	31 %
Country	Angola
Status	Bulk Sampling
Price range	80-110 USD/ct
Verified resources	N/A
Additional resources	1,100,000 carats (gr.)

The Pre Treatment Plant at Luxinge

IGE

EXPLORATION ADVANCED EXPLORATION BULK SAMPLING PILOT MINING MINING

Harts River

250 km paleo-river gravel deposit, with large diamonds
1,500-2,000 USD/carat diamonds
1,200 carats recovered from Bulk Sampling in 2006/2007
Sold for 1,050 USD/carat average
Best priced parcel 1,942 USD/carat
Expanding resource base further through exploration
Decision regarding commercial operations in mid 2011
Potential for finding larger, high value stones

Harts River facts

Project type	Alluvial
Interest	74 %^{1}
Country	South Africa
Status	Bulk Sampling
Price range	1,500-2,000 USD/ct
Verified resources	78,000 carats (gr.)
Additional resources	790,000 carats (gr.)

IGE

1) Assumes exercise of IGE's option to acquire Pangea Exploration's interest in these projects; current effective interest is 54 %

IGE

Tshikapa

Similar to Longatshimo
However, less mature
Planning to continue with dredging this year
Potential for river diversions to access grade reported at 5 x terrace grades
Attractive fiscal terms

Tshikapa facts

Project type	Alluvial
Interest	100 %
Country	Dem. Rep of Congo
Status	Adv. Exploration
Price range	120-160 USD/ct
Verified resources	3,353,000 carats (gr.)
Additional resources	1,102,000 carats (gr.)

Bushman Diamond Jigs at Tshikapa

EXPLORATION ADVANCED EXPLORATION RULK SAMPLING PILOT MINING MINING

Kimberlite targets

Four Kimberlite exploration licenses in Angola
Cariango
Lacage
Luanguinga
Luxinge
Aero magnetics have been flown
More than 100 anomalies detected
Next step; soil sampling programs
Geologists to take soil samples of deflationary land surface to identify indicator minerals

Kimberlite targets

Project type	Kimberlite
Interest	31-43 %
Country	Angola
Status	Exploration
Price range	N/A
Verified resources	N/A
Additional resources	N/A

IGE

Rönnbäcken Nickel Project resource summary April 2010

DEPOSIT	CLASSIFICATION	TONNES (Mt)	TOTAL NI %	NI-AC %	NI TONNES (000's)	NI-AC TONNES (000's)	STRIP RATIO
Rönnbäcksnäset	Measured	-	-	-	-	-	0.79:1
	Indicated	206.6	0.178	0.104	368	214
	Measured +Indicated	206.6	0.178	0.104	368	214
	Inferred	76.9	0.176	0.100	135	77
Vinberget	Measured	28.2	0.188	0.132	53	37	0.33:1
	Indicated	22.4	0.183	0.134	41	30
	Measured +Indicated	50.6	0.186	0.133	94	67
	Inferred	6.6	0.183	0.138	12	9
TOTAL	Measured	28.2	0.188	0.132	53	37	0.71:1
	Indicated	228.9	0.179	0.107	409	244
	Measured +Indicated	257.1	0.180	0.110	462	282
	Inferred	83.5	0.177	0.103	147	86

IGC

Notice: These resources have been prepared by SRK Consulting using CIM Standard Definitions

Resources estimated at US$9.00/lb Ni And based on optimized pit shell at 0.048% Ni in Sulphides (Ni-AC).

September 2010 resource target (600-650 Mt¹) triggered by positive drill results at Sundsberget

A thick zone of nickel sulphide mineralization has been defined at Sundsberget
In the west, the vertical thickness of ultramafic is >400 metres and open at depth.
Waste rock layer is shallow or absent
Contains mineralization with potentially sufficient grade and thickness for economic extraction by open pit

IGE

1) At 0.17-0.21% total Ni (0.10-0.15% Ni in sulphides)

A competitive nickel project...

Rönnbäcken is a competitive nickel project
Sizeable production volume attractive to smelters
Low CAPEX compared to HPAL laterite projects
Efficient use of capital per lb of annual nickel production

Capital costs comparison

Annual Ni production comparison

Capital intensity comparison

IGE

Source: MK Commodities Consulting

…with a clear and realistic timetable

Activity	2010				2011				2012				2013				2014				2015
	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
PFS and environmental permit milestones
Geological Development
Mineral Processing
Engineering
Mining Design
Rilot Mining & Processing
Community Dialogue
Exploitation Concession
Rönnbäcken and Vinberget	S	A
Sundsberget					S	A
Environmental Permit									S							A
NI 43-101 Preliminary Assessment
Pre-Feasibility Study (PFS)
Bankable Feasibility Study (BFS)
Project Financing
Construction & Commissioning																							C

Notes:
S - Submission
A - Approval granted
A - Expected Approval
C - Commissioning

IGE

Low risk of long-term environmental impact

Very low sulfide content

Very low potential for AMD and ARD
<0.1% S vs. 1-3% S for typical mines

Acid buffering minerals occur in abundance

Calcite, brucite, olivine
Conservative estimate for acid buffering by calcite only: 1 unit S is neutralized by 6.25 units of calcite**

Calcite content alone is well in excess of neutralization amount required

Mine waste material is expected to meet the recently introduced EU-criteria for inert waste, greatly simplifying waste management and reducing risk for long term liabilities

Safety margin >4:1 with respect to AMD & ARD

AMD=Acid Mine Drainage; ARD=Acid Rock Drainage
** Perry, EF (1985)

Based on: Qvarfort, U (1989): Tailings ponds from sulphide ore dressing Swedish EPA, Rapport 3587

"Area of National Interest for Mineral Extraction"

The Geologic Survey of Sweden (SGU) announced their decision to classify the Rönnbäcken nickel deposits “an Area of National Interest for Mineral Extraction”
SGU considers nickel strategic metal. Thus, the Rönnbäcken area is important for the country’s raw material supply, having good potential to support future mining activity
The SGU considers the three known deposits: Rönnbäcksnäset, Vinberget and Sundsberget, as being part of the same mineralization and are therefore considered as one entire deposit, outlined in red, while the blue designates the area reserved for processing plant and facilities

Riksintressant fyndighet enligt 3 kap. 7 § andra stycket miljöbalken i Västerbottens lan

IGE

This classification recognizes the Rönnbäcken project as an important future source of nickel for the long term

IGC

AI assistant

Axactor SE — Investor Presentation 2010

3549_rns_2010-09-21_a83923c9-9dca-433a-b733-16bdd1499b94.pdf

IGE Resources AB

Disclaimer

Contents

IGE Resources in brief

Key attractions

Growing revenues

Significant upside and growth potential

Strong market outlook

Multiple near term value triggers

Actively traded share

Contents

Pursuing a three-pronged growth strategy

The Pangea transaction

A step-change transaction

Growing African diamond production

Project overview

Gross value of the diamond resources estimated to between USD 3 and 4 billion $^{3}$

Cassanguidi

Cassanguidi facts

Bakerville

Longatshimo

Longatshimo facts

Building value in Swedish nickel sulphide project

Rönnbäcken nickel project (RNP)

Rönnbäcken facts

Proving up resources and value

Cost and production estimates

Current resource target 600-650 million tons¹

Additional exploration targets could increase the resource further

Key advantages of RNP

Operational advantages

Strategic advantages

Amongst the highest grade nickel concentrates

Contents

Introduction to diamonds

Sale and valuation

Market outlook

Positive market dynamics

China Global Times, June and August 2010

Financial Times, 27 April 2010

Introduction to nickel

Sulphide projects versus laterite HPAL projects

Sulphide projects

Laterite HPAL projects

Need for new nickel projects

China is driving growth in nickel demand

Contents

Financial highlights – Q2

Balance Sheet

Contents

Strong and focused management team

Harts River

Harts River facts

Tshikapa

Kimberlite targets

Rönnbäcken Nickel Project resource summary April 2010

September 2010 resource target (600-650 Mt¹) triggered by positive drill results at Sundsberget

A competitive nickel project...

…with a clear and realistic timetable

Low risk of long-term environmental impact

Very low sulfide content

Acid buffering minerals occur in abundance

Calcite content alone is well in excess of neutralization amount required

Safety margin >4:1 with respect to AMD & ARD

"Area of National Interest for Mineral Extraction"

More from Axactor SE

Axactor SE Investor Presentation 2010