Minbos Resources : Presentation - Green Hydrogen-Ammonia Project

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THE MOST COMPELLING GREEN HYDROGEN- AMMONIA PROJECT GLOBALLY

Corporate Presentation - June 2022

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Disclaimer

Some of the statements appearing in this announcement may be in the nature of forward-looking

statements. You should be aware that such statements are only predictions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industries in which Minbos operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. No forward-looking statement is a guarantee or representation as to

future performance or any other future matters, which will be influenced by a number of factors and

subject to various uncertainties and contingencies, many of which will be outside Minbos' control.

Minbos does not undertake any obligation to update publicly or release any revisions to these forward looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of Minbos, its Directors, employees, advisors or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement. You are cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements in this announcement reflect views held only as at the date of this announcement.

This announcement is not an offer, invitation or recommendation to subscribe for, or purchase securities by Minbos. Nor does this announcement constitute investment or financial product advice

(nor tax, accounting or legal advice) and is not intended to be used for the basis of making an

investment decision. Investors should obtain their own advice before making any investment decision.

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Investment Overview

Development of food security & clean energy projects in Angola

Granulated	Hydrogen
Phosphate	& Green
Fertiliser	Ammonia

The

Future

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Cabinda Phosphate Fertilizer Project

• High-gradeResource 8.4MT @ 29.6% P2O5 (85% ownership)1
• Scoping Study - Completed
• Technically and Financially robust
• Scoping Study based on MAP price that is now materially lower than current market price for MAP2
• Moving to Production
• Long lead time items ordered
• DFS and approvals Q3 2022
• Plant shipping ex USA Q4 2022
• Production anticipated in 2023
• 100% of fertilizers imported

Capanda Green Hydrogen-Ammonia Project

• Government support to establish a Green Ammonia Project with land allocated
• 200MW of baseload zero-carbon hydropower secured3 at lowest price globally for green energy
• Green ammonia was expected to achieve cost parity with fossil-based ammonia beyond 2030 - Minbos has the potential to achieve this many years in advance
• No Company globally has access to Green Power at the Minbos concessional price
• Access to local markets to sell Ammonia- based fertilizer and explosives

Future Opportunities

• NPK Blending and Distribution
• Lime
• Nitro Phosphates
• Soil Carbon and carbon credits
• LiFePO4 batteries
• Angola Agriculture
• 57M ha arable land
• 1,000 -1,500mm annual rainfall

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1. ASX Announcement - Resource Update for High-Grade Cabinda Phosphate Project (23 Nov 2021).
2. Project Economics to be updated with DFS due Q1 2021, with likely increase to CAPEX
3. Per ASX Announcement 25th May 2020, power allocation and pricing secured, confirming that we have a resolution from RNT and in process of negotiating the formal, binding MOU

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Company Overview

Capital Structure

465M	$80M	$4.6M	$76.4M
Shares on Issue	Market Cap*	Cash*	Enterprise Value

Board & Management

Lindsay Reed

Chief Executive Officer

A Mining Engineer with 30 years' experience in exploration, development, operations and corporate finance. Lindsay has worked in minerals sands, copper and tin operations obtaining a Mine Managers Certificate.

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Peter Wall	A corporate lawyer and has been a Partner at Steinepreis Paganin since July
2005. Mr Wall has extensive experience in natural resources and cross border
	Chairman	transactions having served as the Chairman of multiple ASX listed companies
		with international operations. Mr Wall holds a Bachelor of Laws, Bachelor of
		Commerce (Finance) and a Masters of Applied Finance and Investment.
Valentine Chitalu	Co-founder and Chairman of Phatisa Group, an African-focused private
equity fund with ~US400 million funds under management and a well-
	Non-Executive Director	respected track record of delivering for clients and communities. Phatisa
		is a proud signatory of the Principles on Responsible Investment which
		is implemented through a comprehensive ESG framework.
Graeme Robertson	Over 40 years' experience in the resources, energy, and infrastructure
sectors as former Managing Director of New Hope Corporation
	Non-Executive Director	Ltd(ASX:NHC), a director of W H Soul Pattinson & Co Pty Ltd (ASX:SOL)
		and AfrAsia Bank limited. Presently Chairman of Intra Energy
		Corporation Ltd (ASX-IEC) and Intrasia Group family office.
Paul McKenzie	Agribusiness consultant with 30 years' experience advising large scale family,
institutional and sovereign wealth farming entities. Director Kiland (ASX: KIL)
	Non-Executive Director	reversion of forestry to grazing estate, Director RLF AgTech (ASX: RLF), Chair
		Cooperative Research Centre for Honey Bee Products Ltd, Specialist Agri
		Consultant WA to KPMG.

*1 June 2022

Dganit Baldar

Non-Executive Director

A qualified Israeli corporate lawyer with approximately 20 years' experience in the legal profession. Until recently, she was the General Counsel for Mitrelli Group, a multinational organization which initiates, executes and manages large turn-key projects in developing countries.

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Background

Why Minbos & Green Hydrogen-Ammonia?

1. ENERGY
TRANSITION IS	2. MACRO
ACCELERATING	TAILWINDS

3. ANGOLA'S

GREEN ENERGY ADVANTAGE

4. OUR 200MW

POWER CONCESSION

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93 countries with net-zero targets by 2050 (~70% global GDP & ~90% of global emissions)1

55 countries with CO2 pricing initiatives & 39 with announced hydrogen strategies2

More than 60 Green Ammonia plants were announced 2020-20213

Green hydrogen-ammonia expected to be critical contributors to the world achieving net-zero carbon emissions by 2050

Global ammonia demand 183 Mt (2020) to grow to 688 Mt by 2050

1. https://hydrogencouncil.com/en/hydrogen-insightsupdates-july2021/
2. https://eciu.net/analysis/reports/2021/taking-stockassessment-net-zero-targets
3. IRENA Innovation Outlook Ammonia 2022
4. IEA Global Energy Report 2021
5. IRENA Innovation Outlook Ammonia 2022

Natural gas represents 80-90% of the variable costs in fertilizer production

72% of ammonia is produced from natural gas (22% from coal)

Surging prices for natural gas caused by war in Ukraine and the clean energy transition

Global fossil-fuel ammonia output cut due to a surge in natural gas prices

Green Ammonia currently represents 0.01% of Global Ammonia Production5

Green Projects rely on green energy sources

Angola has the cheapest, greenest power globally with no large CAPEX costs attached for new Green Projects, including:

World-leading installed Hydro Power Generation powering most baseload power and 1,000MW of spare capacity

Cheapest power prices globally, Angola 1.7c/kWh vs. Australia 15.7c/kWh (industrial)4

Minbos has secured 200MW of Zero-Carbon hydroelectrical baseload power:

Currently, an electricity price below US $0.05 c/kwh is required for green ammonia to be competitive with fossil-based ammonia

Minbos' concession delivers a weighted average cost of power of US $0.011 c/kwh

~90% cheaper than Australian power grid pricing

~55% cheaper than natural gas prices

No Company globally has access to Green Power at the Minbos concessional rates

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