History - Batla Minerals

Resource: Letšeng Mine, Lesotho

2001

Alluvial Ventures (AV) entered into contract with Lešteng Mine in Lesotho

Feb 2011

Upgraded Letšeng plant with 2 new crushers to handle hard kimberlite

Sept 2011

Reached full production, 100k tons of hard kimberlite per month

CY 2011

Processed 1.08 million tons of ore, recovered 11,238 carats

CY 2014

Processed 988.908 tons of ore, recovered 10,221 carats

Goals:

Complete contract with Letšeng (year-end 2015)</li> <li>Maintain production at a minimum of 90K tons/month</li> <li>Improve operational efficiencies and reduce costs</li> </ul> <h3>Production/recovery - Letšeng</h3> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td width="25%">Letšeng Mine, Lesotho</td> <td width="25%">Year ending 31 March 2013</td> <td width="25%">Year ending 31 March 2014</td> <td width="25%">Estimate for year ending 31 March 2015</td> </tr> <tr> <td>Number of tons</td> <td>1.025.901</td> <td>988.908</td> <td>1.020.000</td> </tr> <tr> <td>Carats</td> <td>10.153</td> <td>10.221</td> <td>9.155</td> </tr> <tr> <td>Carats / 100 tons</td> <td>0.99</td> <td>1.03</td> <td>0.90</td> </tr> </table> </div> </div> <div id="kolo-popup" class="window-overlay"> <div class="popup"> <button id="kolo-popup-close">CLOSE</button> <h3>Resource: Kolo Mine, Lesotho</h3> <ul> <li>Mining lease ontained July 2011. Estimated resource of:</li> <ul> <li>1.3 million tons kimberlite</li> <li>110.000 carats</li> </ul> <li>Extended issues regarding legal ownership by previous leaseholders. Lesotho Appeals Court declared free-and-clear ownership in April 2013.</li> <li>Site-development in progress to facilitate the beginning of trial mining in early 2015.</li> </ul> <h3>Kolo Mine Phased Development</h3> <h5>Phase 1</h5> <div class="item-holder"> <div class="item"> <p><strong>Phase 1</strong></p> <p>2014-2015 CAPEX & OPEX estimate at $750K</p> </div> <div class="item"> <p><strong>Kolo</strong></p> <p>Set up processing</p> <p>Conduct 60K tons pre-mining test</p> </div> <div class="item"> <p><strong>Sekameng</strong></p> <p>Complete 50K tons bulk sample to verify existence, quality and value of diamonds</p> </div> </div> <h5>Phase 2</h5> <div class="item-holder"> <div class="item"> <p><strong>Phase 2</strong></p> <p>2015-2016 CAPEX est. $2Mil OPEX est. $8/ton</p> </div> <div class="item"> <p><strong>Kolo</strong></p> <p>Make capital investments to increase capabilities and process 50K tons/month</p> </div> <div class="item"> <p><strong>Sekameng</strong></p> <p>Process a larger bulk sample of 200K tons</p> </div> </div> </div> </div> <div id="tungsten-popup" class="window-overlay"> <div class="popup"> <button id="tungsten-popup-close">CLOSE</button> <h3>Resource Riviera Tungsten</h3> <ul> <li>Project to be the 11<sup>th</sup> largest deposit in the world.</li> <li>Bongani Minerals (effective control by Batla) received prospecting right July 1, 2011 for tungsten, molybdenum, rare earths, copper, zinc, silver and gold.</li> <li>Re-testing of select core drill data from 30+ years ago indecates 80% validation of historic data.</li> <li>Resource contains 46 million tons ore (historic Anglo data) with estimates of:</li> <ul> <li>100,000 tons tungsten</li> <li>9,000 tons molybdenum</li> </ul> </ul> <div class="item-holder"> <div class="item"> <p><strong>Phase 1 - 2012-2013 CAPEX & OPEX est. $2Mil (secured)</strong></p> <ul> <li>Prospect drilling began in March 2012</li> <li>Environment & Impact Study</li> <li>Update resource classification and complete work required for pre-feasibility</li> <li>Achieve an inferred resource classification by CY2013</li> </ul> </div> <div class="item"> <p><strong>Phase 2 - 2013+ CAPEX est. $10-15Mil</strong></p> <ul> <li>Complete prospect/infill drilling</li> <li>Assay/metallurgical work</li> <li>Scope work on CAPEX</li> <li>Conduct pre-feasibility study</li> <li>Achieve an indicated resource classification</li> </ul> </div> </div> <h4>Goals:</h4> <ul> <li>Achieve an indicated resource classification after a further 12 months at an estimated cost of $10-15Mil</li> <li>Complete pre-feasibility study by the end of 2014</li> <li>Access historic Anglo data to determine exploration spend and optimize development approach.</li> </ul> </div> </div> <style> #top-box { background: ; 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	Year ending 31 March 2014	Estimate for year ending 31 March 2015
Number of tons	1.452.562	2 million
Carats	75.715	108.000
Carats / 100 tons	5.21	5.4

Resource: Superkolong, SA

Production/recovery - Superkolong

Superkolong Diamond Operatioins, Kimberley SA

Resource: Letšeng Mine, Lesotho

Goals: