NE

Recent Drill Results – Zone 5 Cu Grade Long Section

Indicated

boundary

Inferred

boundary

1,000 mRL

800 mRL

600 mRL

400 mRL

200 mRL

00 mRL

Cu% * 5m Length

< / = 1.0%

1.0 – 1.5%

1.5 – 2.0%

2.0 – 2.5%

> / = 2.5%Completed HoleWaiting for assay results

SW

500 m

Geologic Controls on Mineralization at Khoemacau’s Zone 5 Cu-Ag

Deposit, Kalahari Copper Belt, Botswana

200 km

Khoemacau Project

Introduction

Location

Regional Setting and Stratigraphy

• The Kalahari Copper Belt (KCB) is host to a number of strata-

bound Cu-Ag deposits and mining operations in southern Africa

• The Khoemacau Project area is located within this belt and

hosts the Zone 5, high grade Cu-Ag deposit

• Recent drilling at Khoemacau’s Zone 5 deposit has outlined an

estimated 100.3 Mt @ 2.0 % Cu and 20 g/t Ag at a 1.0 % Cu

cut-off that remains open at depth and along strike

V V

V

V

V

Cu-Ag

LithologyAge

MamunoFormation (~1,500 m)

D’KarFormation

(~1,500 to 2,500 m)

Ngwako PanFormation

(0 to 3,500 m)

Kuke Formation

KgwebeFormation

(0 to ~2,500 m)

GH

AN

ZI G

RO

UP

Late

Mes

op

rote

rozo

icN

e o

p r

o t

e r

o z

o I

c

Unconformity

Unconformity

• The KCB forms the southern margin of the Pan-African Damaran

Orogeny

• Crustal shortening, regional folding, thrusting and shearing resulted in

northeast trending, doubly plunging anticlines

• The lower D’Kar formation hosts high grade Cu & Ag (>1.0% Cu) and is

part of the Ghanzi Group Sediments

• The Ghanzi Group sediments were deposited during the Neoproterozoic

into an intra-cratonic rift basin

Regional Mineralization

Disseminated Strata-bound Copper

Reduced Hanging Wall

D’Kar Formation

Oxidized Footwall

Ngwako Pan Formation

Hydrothermal Trap Site Environment

Ngwako Pan

Formation

D’Kar

Formation

Zone 5

faults

&

thrusts

folds

Stratigraphic

Zonation:

Pyrite (HW)

Sphalerite

Galena

Chalcopyrite

Bornite

Chalcocite (FW)

Section

N125150

100 m

56°

D’Kar

Formation

Ngwako Pan

Formation

Kalahari

Sand

Average 9 m @

2.0% Cu, 20 g/t Ag

Zone 5 Deposit

A

A’

56°

• High grade Cu-Ag mineralization intersected at depths > 1,200 m below surface

• Ore is situated between two competent, thick sandstone units (NPF & MSST)

• Vein shears are sub-parallel to bedding and cross cut host rock assemblages

• > 425 holes and > 190,000 m of drilling at Zone 5

• Khoemacau Copper Mining drilled > 325 core holes,

~170,000 m (27 rigs operating in 2015)

2.7 % Cu, 30 g/t Ag

11 m

2.3 % Cu, 19 g/t Ag

11 m

2.7 % Cu, 31 g/t Ag

12 m

2.1 % Cu, 24 g/t Ag

12 m

Continuity

Ore StylesHydrothermal Breccia Vein Hosted Copper

HA-947b-D (726.13m – 727.13m) Core Assay: 9.7 % Cu, 66 g/t Ag

Quartz – Calcite VeinBornite & ChalcociteHost: fine grained siltstone

4.7 cm

HA-920-D (610.18m to 628.45m = 18.3m)

Core Assay: 3.3 % Cu, 22 g/t Ag

Host: fine grained siltstone Bornite & Chalcopyrite

Disseminated & Cleavage Veinlet Hosted Copper

Cleavage & Fracture Fill

4.7 cmHA-920-D (610.18m – 611.03m) Core Assay: 3.7 % Cu, 24 g/t Ag

Hydrothermal Reactivated Vein Shear Hosted Copper

HA-951b-D (597.69m – 598.41m) Core Assay: 6.1 % Cu, 33 g/t Ag

Sheared Quartz – Calcite VeinBorniteHost: fine grained siltstone

4.7 cm

• Cu-Fe-S (bornite, chalcopyrite) dominate high grade vein

shears with accompanying Cu-S (chalcocite)

• >1% Cu mineralization hosted in hydrothermal quartz veins

with adjacent >0.1% Cu disseminations

• Repeated mineralization events and pervasive fluid flow

Mineral Resource Tabulation

• Recent drilling has confirmed an additional 24 Mt

grading 1.9% Cu and 20 g/t Ag

• In the last year, drilling increased the total

contained Cu by 39% at a higher grade of 2.0%

Cu from 1.9% Cu

• Historic resource conversion rate of 100%

Zone 5

100.3 Mt

2.0 % Cu,

20 g/t Ag

20 km

N

OPEN

OPEN

OPEN

Catherine Knight Cathy.Knight@cupricafrica.com 1,2*

John Deane,2 David J. Catterall,3 and M. Stephen Enders1

1Cupric Canyon Capital LLC, Scottsdale, Arizona 852582Cupric Africa, Bedfordview, South Africa

3Blue Clay Agencies, Farscape Exploration, Maun, Botswana

Conclusions

• Sediment hosted strata-bound deposit

• Mineralization is hosted within siltstones and sandstones

within the D’Kar formation near the Ngwako Pan formation

contact

• Copper sulfide mineralization is predominately bornite, chalcopyrite and chalcocite

• Mineralization is typically zoned vertically and laterally

• Progressive structural deformation lead to multiple episodes of mineralization and an

extensive system of quartz and quartz carbonate shears and brecciation

3.1% Cu, 30 g/t Ag

17 m

3.4% Cu, 30 g/t Ag

23 m

Zone 5 – July 2015

1% Cu cut-off (sulfide only)

HA-1049-D

10.7% Cu, 122 g/t Ag

2 m

M tonnes Cu% Ag g/t

Measured 16.1 2.2 20

Indicated 24.3 2.0 19

Inferred 35.9 1.9 20

Total All 76.3 2.0 20

3.7% Cu, 39 g/t Ag

20 m

2.3% Cu, 27 g/t Ag

13 m

Interbedded alternating

silts and sands

Marker sandstone

Carbon rich siltstone

Limestone

Lower marl

Footwall sandstone

Not to scale

N