MINBOS RESOURCES LIMITED — Investor Presentation 2012

Aug 30, 2012

==> picture [290 x 47] intentionally omitted <==

West African Focussed Phosphate Developer “Preparing for Production”

Disclaimer

==> picture [72 x 76] intentionally omitted <==

Minbos Resources Limited (“ Minbos ”) has prepared this presentation (the “ Presentation ”) solely for the benefit of the Recipient. This Presentation is provided solely for the purpose of assisting the Recipient in its evaluation of Minbos and its phosphate development project.

The Presentation has been released to the Recipient on the express understanding that the contents will be regarded and treated as strictly confidential. The Presentation is solely for the benefit of the recipient and may not be reproduced or used, in whole or in part, or given to any other person for any purpose without the prior consent of Minbos. The Presentation is designed solely for information purposes. The information contained herein has been prepared to assist the Recipient in evaluating Minbos, but does not purport to be all-inclusive or to contain all of the information that the Recipient may require to evaluate Minbos and its business.

In all cases, the Recipient should conduct its own investigation and analysis of Minbos and its business and the information set forth in the Presentation. While all reasonable care has been taken to ensure that the facts stated herein are accurate and that the forecasts, opinions and expectations contained herein are fair and reasonable, Minbos does not make any representation or warranty as to the accuracy or completeness of the information in the Presentation and shall not have any liability for any information or representations (express or implied) contained in, or for any omissions from, the Presentation or any other written or oral communications transmitted to a Recipient in the course of its evaluation of the Proposal. In no case shall any of Minbos’s advisers, or any of their respective directors, officers or employees, be in any way responsible for, or have any liability in respect of, the contents hereof (or any omissions here from), and no reliance should be placed on the accuracy, fairness or completeness of the information contained in this Presentation.

All projections, forecasts and forward-looking statements and calculations in the Presentation are for illustrative purposes only using assumptions described herein. The calculations are based on certain assumptions, which may not be realised. In addition, such forward-looking statements involve a number of risks and uncertainties. Actual results may be materially affected by changes in economic, taxation and other circumstances. Minbos disclaims any responsibility for any errors or omissions in the financial calculations set forth in the Presentation and make no representations or warranties as to the accuracy of the assumptions on which they are based. The reliance that the Recipient places upon the projections, forecasts, calculations and forward-looking statements of the Presentation is a matter for its own commercial judgment. No representation or warranty is made that any projection, forecast, calculation, forward-looking statement, assumption or estimate contained in the Presentation should or will be achieved.

Minbos assumes no responsibility to update the Presentation in any respect. Neither this Presentation nor any copy of it may be taken or transmitted into or distributed in the United States. Any failure to comply with this restriction may constitute a violation of US securities laws, as applicable. The distribution of this Presentation in other jurisdictions may also be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions.

This Presentation does not constitute or form part of, and should not be construed as, an offer or invitation to purchase or subscribe for any securities, and neither this Presentation nor anything contained herein shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

By accepting this Presentation the Recipient agrees to be bound by the foregoing limitations.

The information in this report has been reviewed and approved for release by Mr David Reeves, M. AusIMM, MSAIMM who has over 20 years’ experience in mineral development. Mr Reeves is a non-executive director of Minbos. He has sufficient experience in relation to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined by the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (The JORC Code 2004 Edition). Mr Reeves has consented to inclusion of this information in the form and context in which it appears.

Highlights

==> picture [72 x 76] intentionally omitted <==

• Minbos is a company focussed on developing Phosphate and Potash projects in the highly prospective Congo Basin

• Exploration Licenses held in Angola and the Western DRC – Minbos is the largest holder of Phosphate exploration ground in the Congo Basin

• Two development projects, both high grade with strong economics and well defined routes to production:

• Kanzi Project in DRC - 44 Mt @ 21.4% P2O5

• Cacata Project in Cabinda – 22.5 Mt @ 21.4% P2O5.

Map of the Congo Basin

==> picture [72 x 76] intentionally omitted <==

==> picture [300 x 335] intentionally omitted <==

The Phosphate Market

==> picture [72 x 76] intentionally omitted <==

 Demand for fertilizer:

• Rising world population

• Changing diets as incomes grow

• Constraints on arable land

• Government policies to enhance crop yields + encourage use of biofuels

==> picture [451 x 237] intentionally omitted <==

“Global phosphate consumption is forecast to grow by 45% by 2030”

• Supply being influenced by:

==> picture [72 x 76] intentionally omitted <==

• High Capex and Opex – mainly due to logistics

• Lower grade ore and concentrates

• Shift in market towards vertically integrated operations

==> picture [387 x 267] intentionally omitted <==

“7.5% decrease in average grade of P2O5 concentrate supplied (1990-2011)”

Angola

==> picture [72 x 76] intentionally omitted <==

• Fastest growing economy in Africa

• Between 2001 – 2010, Angola had the world’s highest annual average GDP growth @ 11.1%

• Africa’s number 1 oil producer and 3[rd] largest producer of Diamonds

• China’s largest oil supplier

• Well developed infrastructure

• Resources friendly environment

DRC

==> picture [72 x 76] intentionally omitted <==

 2[nd] largest country by area in Africa

• World’s largest produce of cobalt ore

• One of Africa’s largest mining countries

• Has vast resources of copper, cobalt and diamonds

 The Copperbelt is one of the world’s greatest metallogenic provinces, containing over 30% of the world’s cobalt reserves and over 10% of copper reserves

Minbos Projects

==> picture [72 x 76] intentionally omitted <==

==> picture [300 x 335] intentionally omitted <==

Our Projects

==> picture [72 x 76] intentionally omitted <==

Significant concession area 4000 km[2] in the Congo Basin running from Cabinda, Angola to Western DRC.

 Cabinda Phosphate (50% interest)

• Cacata, Mongo Tando, Chibuete, Chivovo and Ueca deposits with historical and current exploration data.

• Western DRC Phosphate (65% interest)

• Kanzi and Fundu-Nzobe deposits with historical and current exploration data.

 Cabinda Potash

• Dinge potash licence with historical oil exploration including drilling and seismic data.

Phosphate Projects JORC Resources

==> picture [72 x 76] intentionally omitted <==

Deposit	Tonnes (Mt)	Grade **(% P2O5) **	Indicated of Inferred	Comments
Cabinda, Angola
Cacata	30.4	17.0	Indicated	Including22.5Mt at 21.4% P2O5
Chivovo	6.7	20.3	Inferred
Mongo Tando	117.0	13.7	Inferred
Chibuete	150.0	8.3	Inferred
Total	304.1	11.5
Kanzi, DRC
Kanzi	66.0	15.3	Inferred	Including44Mt at 21.4% P2O5
Grand Total	370.1	12.2

Since listing in October 2010, Minbos has delineated a substantial resource of 370Mt at 12.2% P2O5

Two high grade DSO style projects at Cacata and Kanzi

Substantial additional resource potential exists

Cacata Project:

==> picture [72 x 76] intentionally omitted <==

On the Fast Track to Production

==> picture [300 x 336] intentionally omitted <==

==> picture [61 x 12] intentionally omitted <==

----- Start of picture text -----

CACATA
----- End of picture text -----

Cacata Project

==> picture [72 x 76] intentionally omitted <==

• Project Status : Commencing Bankable Feasibility Study – High grade resources defined, scoping study confirms robust project economics

• JORC Resource : 30.4Mt total @ 17.0 % P2O5 including 22.5Mt @ 21.4% P O 2 5

• Mining: Free Dig, no drill and blast @ strip ratio of 2: 1.

• Beneficiation: Upgrades to + 34% P2O5 (Phos rock) @ 79% recovery using

• Product Logistics: 90km haul on a sealed road to new port facilities. Covered loading facility at the port to load barges and Panamax vessels offshore.

Cacata Project - Financials

==> picture [72 x 76] intentionally omitted <==

Project Financials (800ktpa)

• Revenue US $180/t (excludes 12% premium as quoted by CRU Strategies)

• Opex $57/t

• Capex US $157m

• NPV $311m (@ 10% discount)

• IRR 40.2% (pre-tax)

Cabinda Phosphate Cacata Project Capex

==> picture [72 x 76] intentionally omitted <==

Description	Cost US$m
Mining	US$9.5
ProcessingPlant	US$54.8
TSF	US$6.8
Product Storage &Transport	US$22.5
(Land)
Product Storage &Loading	US$57.5
(Sea)
Owners Costs	US$6.0
Total	**US$157.1 **

Cabinda Phosphate Cacata Project Opex

==> picture [72 x 76] intentionally omitted <==

Description	Cost US$/t
Mining	US$5.72
ProcessingPlant	US$25.12
TSF	US$0.50
ProductTransport (Land)	US$13.63
ProductLoading (Sea)	US$3.25
General Administration	US$9.00
Total	US$57.22

Kanzi Project, Western

DRC

==> picture [304 x 335] intentionally omitted <==

==> picture [72 x 76] intentionally omitted <==

==> picture [107 x 12] intentionally omitted <==

----- Start of picture text -----

FUNDU NZOBE
----- End of picture text -----

==> picture [47 x 11] intentionally omitted <==

----- Start of picture text -----

KANZI
----- End of picture text -----

Kanzi Project

==> picture [72 x 76] intentionally omitted <==

• Project Status: Infill drilling and BFS to commence August 2012, metallurgical testwork underway

• JORC Resource: 66Mt total @ 15.3 % P2O5 including 44Mt @ 21.4 % P2O5.

• Mining: Free Dig, no drill and blast strip ratio 4:1 .

• Beneficiation: Upgrades to +34% P2O5 (Phos rock) @ 60 - 70% recovery (Zellers and Williams UNDP 1981).

• Product Logistics: 35km haul on a sealed road to existing Boma port .

• Upside Potential: Significant upside at Kanzi; Fundu Nzobe deposit - historical exploration estimated resource of 70Mt @ 15% P2O5 including 14Mt @ 19.5% P2O5 (UNDP 1981) .

==> picture [72 x 76] intentionally omitted <==

Infrastructure

==> picture [692 x 410] intentionally omitted <==

----- Start of picture text -----

Regional Roads
Port of Boma
Port of Boma
Power Station Cabinda
Power Station Cabinda
----- End of picture text -----

Corporate Overview

==> picture [72 x 76] intentionally omitted <==

Minbos – Price & Volumes

==> picture [667 x 150] intentionally omitted <==

----- Start of picture text -----

Capital Structure
0.600 1.60
ASX Ticker MNB Daily Volume Traded On-Market
Daily Close Price 1.40
0.500
Total Shares 113.27m 1.20
0.400
Performance Shares 10m 1.00
Unlisted Options 14.6m 0.300 0.80
0.60
0.200
Share Price (28 August 2012) $0.21/share
0.40
Market Capitalisation $23.8m 0.100
0.20
Cash (31 July 2012) $1.83m 0.000 0.00
Jun-11 Aug-11 Oct-11 Dec-11 Feb-12 Apr-12 Jun-12
Closing Price (A$) Million Shares
----- End of picture text -----

MajorShareholders	Shares (M)	%
Chikapa Com & IndustLDA	17.64	15.94
Wilgus Investments PtyLtd	9.96	9.00
JCJ Investments SA	3.66	3.30

Board and Mana ement g

==> picture [72 x 76] intentionally omitted <==

Peter Richards Executive Chairman

• Peter has over 30 years of business and international experience with global companies including BP plc, Wesfarmers Ltd and Dyno

• Nobel Limited.

 He recently retired as CEO of Dyno Nobel following its successful takeover.

Robert McCrae Chief Executive Officer

• Robert has been involved in the exploration and mining industry in Africa for 15 years.

• He has been involved in the development of projects in 18 African countries.

• His involvement includes the identifying and sourcing, financing, feasibility studies and project development.

Domingos Catulichi Non-Executive Director

• A mining industry professional and a qualified diamond evaluator with over 12 years experience in the exploration and mining industry

• in Angola.

• Domingos holds various business interests in Angola including Hotels, transportation, general trading and mining.

David Reeves Non-Executive Director

• David has been involved with mining precious, base and industrial minerals throughout his career.

• He has spent the last 14 years developing mining projects in Africa.

• David is currently Managing Director of Ferrex Plc, an AIM Listed minerals company.

John Ciganek Non-Executive Director

• John has over 20 years experience in the mining industry, combining extensive mining engineering and operational experience with

• investment banking and stockbroking.

• John is a Partner with Everspring Partners.

Compelling Investment Proposition

==> picture [72 x 76] intentionally omitted <==

 Multiple projects with clear near-term development path

• Well located with established infrastructure in place

 Low OPEX, high grade resources resulting in excellent economics when compared to other projects globally  Experienced and credible board and management  Trading at a significant discount to peers

 Strong demand for phosphate, linked to the increasing in demand for agriculture and food

==> picture [72 x 76] intentionally omitted <==

THANK YOU !