BARRUECOPARDO TUNGSTEN MINE, SPAIN

Corporate presentation

August 2018

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Disclaimer

The content of this document has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (as amended). Reliance on this document for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

This document ("Document"), which is personal to the recipient and has been issued by Ormonde Mining plc ("Ormonde" or "the Company"), comprises written materials/slides in the form of a presentation. It and its contents are confidential and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part for any purpose. This Document does not constitute an offer or invitation, or a solicitation of any offer or invitation, for the sale or purchase of securities or of any of the assets, business, subsidiaries or undertaking of the Company

The information in this Document has not been verified and does not purport to be all inclusive. The Company is not undertaking any obligation to provide any additional information or to update this Document or to correct any inaccuracies that become apparent. This Document is neither a prospectus nor an offer nor an invitation to apply for securities. The information contained in this Document is for background purposes only and is subject to material updating, completion, revision, amendment and verification.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggestions herein. Except as required by applicable law or regulation, Ormonde does not intend to update any forward-looking statements to conform these statements to actual results.

No representation or warranty, express or implied, is or will be given by the Company, its subsidiaries, its shareholders or their respective directors, officers, employees or advisers as to the accuracy or completeness of this Document and, so far as permitted by law, no responsibility or liability is accepted for the accuracy or sufficiency of this Document. In particular, without limitation, no representation or warranty is given as to the achievement or reasonableness of any projection, estimate, target or forecast in this Document, which it should be noted is provided for illustrative purposes only.

This Document is being distributed only (i) in the United Kingdom to persons who have professional experience in matters relating to investments falling within Article 19(5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) the ("Promotion Order"), (ii) in the United Kingdom to persons of a kind described in Article 49(2)(a) to (d) of the Promotion Order ("high net worth companies, unincorporated associations etc"), (iii) persons outside the United Kingdom or (iv) in the United Kingdom to persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the UK Financial Services and Markets Act 2000) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated or (v) to persons to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "relevant persons"). This Document is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. It is intended only for the use of the persons to whom it is addressed. Other persons distributing this Document must satisfy themselves that it is lawful to do so. Recipients in jurisdictions outside the United Kingdom should inform themselves about and observe any applicable legal or regulatory requirements in relation to the distribution or possession of this Document to or in that jurisdiction.

It is a condition of your receiving this Document that you fall within, and you warrant to the Company that you fall within, one of the categories of person described above.

This Document is not for distribution in or into the United States, Canada, Australia, Japan or their respective territories or possessions, or any other jurisdiction where local laws or regulations may result in a risk of civil, regulatory or criminal exposure or prosecution if this document is sent or made available to a person in that jurisdiction (a "Restricted Jurisdiction"). Accordingly, copies of this Document are not being, and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from the United States, Canada, Australia, Japan or their respective territories or possessions, or for the account or benefit of, any resident of the United States, Canada, Australia or Japan or their respective territories or possessions, or any other Restricted Jurisdiction and persons receiving this Document must not mail or otherwise distribute or send it in, into or from such jurisdictions.

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Company Snapshot

Ormonde in Brief

  • Mineral resource company currently developing a world class tungsten mining project in Spain
  • Developing the Barruecopardo Tungsten Mine (30% interest), with partner Oaktree Capital Management (70%)
  • Commissioning of certain installations already underway; process plant commissioning expected to commence around end September 2018
  • Other Spanish interests: gold exploration JV, La Zarza copper-gold project (divesting)

Gold Projects

Barruecopardo

SPAIN

La Zarza

Project Locations

Significant Shareholders

Aug-18

Thomas Anderson

10.87%

M&G Investment Management

8.97%

Directors & Families

2.88%

Key Stats

Markets

AIM, ESM

Ticker

ORM

Issued Shares

472.5M

Share Price

3.8p*

Market Cap

£18m*

  • At 8 August 2018

SPAIN

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ABOUT TUNGSTEN

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About Tungsten

  • A metal with outstanding properties and limited substitution capability makes tungsten a critical metal for industry:
    • Highest melting point of all metals at 3,422°C
    • Highest tensile strength and highest modulus of elasticity of all metals
    • Second hardest material after diamond - extremely wear resistant
    • Thermally & chemically stable with high thermal conductivity
    • High electrical conductivity
    • Relatively inert metal which does not oxidise readily; corrosion resistant; acid resistant; deemed environmentally benign
  • Tungsten concentrate (containing WO3) produced by mines; refined by processors into Ammonium Paratungstate (APT)
  • Concentrates sold through private contracts, typically at an agreed discount to the APT price quoted by Metal Bulletin
  • APT prices quoted in metric tonne units or mtu of WO3 (1 mtu = 10kg)

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Disclaimer

EQ Resources Ltd. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 23:38:08 UTC.