Alba Minerals Corporate Presentation

Thule: Mineral Sands www.albamineralresources.com 15  “Black” mineral sands rich in ilmenite, a source of titanium dioxide  Surface deposits along 22km of coastline in Alba licence  Sampling has resulted in a high-grade Total Heavy Mineral content of 46.7% average with an in-situ ilmenite content of 10%  Airport and deep water harbour, local calm, sheltered bays on licence  Adjacent to Bluejay Mining plc Dundas Project with a JORC Resource of 23.6Mt at 8.8% ilmenite, MCap of £210M (Feb 2018) Other Uses Inks Fibres Rubber Food Cosmetics Pharmaceuticals Titanium Used as an alloy in Aerospace Military Industrial Pigments Principal feedstock for pigment production for: Paints Coatings Plastics Global TiO 2 Market expected to reach $28.5 billion by 2025 Grand View Research Nov 2017 Mining Alba Licences 2017/29 (384 km²) and 2017/39 (158 km²) Why Titanium dioxide?