MINBOS RESOURCES LIMITED — Investor Presentation 2015

Sep 3, 2015

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ANGOLAN PHOSPHATE Grade Location Market

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September 2015

Disclaimer

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Competent Person

The information in this presentation that relates to the Exploration Results and Phosphate Resources, Production Targets and Cost Estimation was extracted from Minbos’s ASX announcement dated 6 June 2012, 16 October 2013 and 5 December 2013 respectively entitled “Cacata Project – Scoping Study Produces Positive Results” “Minbos announces resource upgrade for the Cabinda licenses in Angola” and ”Cabinda Resource Additional Information” and the Minbos Annual Report for the year ended 30 June 2014 and Half Year Report for the period ended 31 December 2014 which are available to view on the Company’s website at www.minbos.com.

The information in the original ASX announcements and the Annual Report and Half Year Report that related to Exploration Results and Phosphate Resources is based on information compiled or reviewed by and approved for release by Ms Kathleen Body, Pr.Sci.Nat, who has over 19 years of experience in mineral exploration and mineral resource estimation. Ms Body is a Principal Consultant and full-time employee of Coffey Mining (South Africa) (Pty) Ltd and contracted to Minbos. She 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 2012 Edition). Ms Body has consented to inclusion of this information in the form and context in which it appears.

Minbos confirms that: a) it is not aware of any new information or data that materially affects the information included in the original ASX announcements; 30 June 2014 Annual Report and 31 December 2014 Half Year Report b) all material assumptions and technical parameters underpinning the Phosphate Resource, Production Target and related financial information derived from the Production Target included in the ASX announcements,30 June 2014 Annual Report and 31 December 2014 Half Year Report continue to apply and have not materially changed; and c) the form and context in which the relevant Competent Persons’ findings are presented in this announcement have not been materially modified from the original ASX announcements,30 June 2014 Annual Report and 31 December 2014 Half Year Report

DISCLAIMER

Disclaimer

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The Company has prepared this document based on information available to it at the time of preparation, from sources believed to be reliable and subject to the qualifications in this document. To the maximum extent permitted by law, the Company and it of affiliates, related bodies corporate (as that term is defined in the Corporations Act) and its respective directors, employees, officers, representatives, agents, partners, consultants and advisers (each a Limited Party and together, the Limited Parties ) accept no responsibility or liability for the contents of this document. No representation or warranty, express or implied, is made as to the fairness, accuracy, adequacy, validity, correctness or completeness of the information, opinions and conclusions contained in this document. To the maximum extent permitted by law, none of the Limited Parties accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss whatsoever arising from the use of this document or its contents or otherwise arising in connection with it.

FORWARD-LOOKING STATEMENTS

This document contains statements, opinions and projections, all preliminary in nature, prepared by the Company on the basis of information developed by itself in relation to its Rock Phosphate projects, Cabinda and Kanzi, respectively, and together Projects ). Such information can be described as at the pre-feasibility stage, due to the limited information provided to date, and may be subject to change.

Certain statements, beliefs and opinions contained in this document, particularly those regarding the possible or assumed future performance of the Company and the Projects are or may be forward looking statements. Forward looking statements can be identified by the use of forward looking terminology, including, without limitation, the terms “believes”, “estimates”, “anticipates”, “expects”, “predicts”, “intends”, “plans”, “goals”, “targets”, “potential”, “aims”, “outlook”, “guidance”, “forecasts”, “may”, “will”, “would”, “could” or “should” or, in each case, their negative or other variations or comparable terminology. These forward looking statements include all matters that are not historical facts. By their nature, forward looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future and may be beyond the Company’s ability to control or predict which may cause the actual results or performance of the Company and the Projects to be materially different from the results or performance expressed or implied by such forward-looking statements. Forward looking statements are based on assumptions and are not guarantees or predictions of future performance. No representation is made that any of these statements or projections will come to pass or that any forecast result will be achieved, nor as to their accuracy, completeness or correctness. Similarly, no representation is given that the assumptions upon which forward looking statements may be based are reasonable. Forward looking statements speak only as at the date of this document and the Limited Parties disclaim any obligations or undertakings to release any update of, or revisions to, any forward-looking statements in this document.

All dollar values contained in this document are in Australian dollars ( A$ ) unless otherwise stated.

Key Drivers

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World • Phosphate demand is underpinned by population growth Growth and driven by food production efficiencies. Sector

Atlantic • Large markets in US and Europe, growth market in Brazil, Market diminishing high grade deposits in North and South America. Location

Low

• High grade starter pit adjacent to infrastructure will Capex provide 9 years mine life before flotation plant is required. Low Opex

Why Angola? – Growth and Resources

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• Africa’s largest oil producer and third largest producer of diamonds. China’s largest oil supplier.

• Current projects include $10bn LNG plant led by Chevron and $1.2 billion urea and ammonia plant led by Mitsubishi.

• Fastest growing economy in Africa.

• Infrastructure investment.

• Favorable foreign investment policy.

• Falling oil price to accelerate

diversification.

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Why Phosphate?

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Current Ownership Structure

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Petril Projects
50% 50%
Mongo Tando
Limited BVI
Mongo Tando Ltda
Cabinda Licences
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High Value Core Projects and Exploration Upside

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Chivovo
6.5mT @ 20.5%
Cacata
15.2mT @ 24.5%
Caio Port
Kanzi DRC
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Potential High Grade Starter Pit at Cacata

• High grade starter pit >32% P2O5

• Balance readily beneficiated to >32%

• Very shallow less than 10m

• Free digging sediments

• Access to water, transport and power.

Exploration Upside

• 40 kilometre Angolan trend containing high grade Chivovo and Cacata remains largely unexplored.

• Angolan government currently flying airborne geophysics.

Global Resource Angola

• 391.3Mt at 9.2% P2O5 being a mixture of low grade high tonnage deposits and high grade low tonnage deposits.

Disposal Kanzi DRC

• Disposal of Kanzi rights close to finalization.

Moderate Climate

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MONTHLY RAINFALL (MM)

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160
140
120
100
80
60
40
20
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
CACATA PERTH
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Cacata Long Section – Shallow Ore, High Grade

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Easy Beneficiation by Sizing*

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35
30
25
20
% P205
15
10
5
0
1 10 100 1000 10000 100000
Microns
%P2O5 by size fraction
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• Example grade by size distribution from the 23-26% bulk sample results. ASX Release 13 April 2015 “Cacata Resource Additional Information”

Deepwater Port

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Porto de Caio Cabinda

• Located in Cabinda 60km by road from Cacata

• 12.5m depth ideally suited to phosphate vessel size.

Letter of Intent

• 800tpa port capacity

• Commencement 3[rd] quarter 2017

Premium Product confirmed by CRU

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“The key conclusion of the analysis is that Cacata phosphate rock is likely to trade at approximately 9% premium to Moroccan benchmark price. … (this assumes no discounting is used to ease in market penetration, no account for freight differentials.)” CRU October 2011

	P2O5	SiO2	R2O3	MgO	F	Cl (ppm)	Cd (ppm)	C
Moroccan Benchmark	33%	2.4%	0.6%	0.3%	3.7%	300	17	0.2%
CACATA*	35%	4.0%	2.0%	0.2%	<4%	<100	9	0.04%
General Target Levels	>30%	<5%	<2%	<1%	<4%	<300	<5	<0.2%

• Cacata Rock Phosphate Specification based on metallurgical testwork product prepared from bulk samples, scrubbed, screened at 2.6mm and deslimed at 106 microns.

Cacata Studies Completed

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• Drilling • Tailings
• Geology & • Transport
Mining & Shipping
• Testwork • Markets
• Product
• Processing
Testing
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Indicative Fiscal Conditions

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• Corporate Tax 25%

• Royalty 5%

 Customs duties exemption available for defined equipment list

• Depreciation up to 33%

• Investment Income Tax, dividends 10%, interest 15%

• Mining rights can be pledged as credit security

Engagement with the Negotiation Committee for specific fiscal terms for each Mining Contract.

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Capital Structure	Millions
Current Shares on Issue	1,367
Sofosa Shares to be Issued	238
Pro-Forma Shares	1605
Diluted Market Capitalisation at 0.4cps	$6m
Options December 2016 exercisable 1.0cps*	311

• There is a further 1.1 million options at 9.37cps.

News and Activities

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	News and Activities
	Appointment of CEO	
	Convertible Note Conversion/Repayment	
	Appointment of Key Management	
	Cabinda License renewal	
	Angolan Partner Secured	
	Rationalize Project Ownership	Stalled
	Divestment of DRC Interests	Imminent
	Bulk Sample and Pilot Studies to confirm starter pit potential	Ready
	Port Agreements	
	Offtake Agreements
	Further Exploration Drilling

Contact Details

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Australia: 245 Churchill Avenue Subiaco WA 6008 Australia

Phone: +61 8 6270 4610 Email: info@minbos.com Webiste: www.minbos.com

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