Barima Kwarteng & Associates Ltd.

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Barima Kwarteng

& Associates Limited

• Company registered in July 2008 in Ghana

• We acquired 3 major concession in Ghana

• Concessions are not operational

Objectives

• Seek joint venture partners

• Seek investors for each mining concession

• Develop full scale mining operation

Officers & Shareholders

• NANA KWABENA KWARTENG CHAIRMAN / SHAREHOLDER

• NEVILLE ISAIAH REID

• TREVOR SOLOMON GUY

DIRECTOR / SHAREHOLDER

DIRECTOR / SHAREHOLDER

• DAN FONTAINE

• CLAUDIA JOAN GALE

• BRIGHT AWA-AMANFO

• RUTH U. IWUJI

DIRECTOR /SHAREHOLDER

DIRECTOR / SHAREHOLDER

DIRECTOR / SHAREHOLDER

SECRETARY / SHAREHOLDER

Equal share holders of Barima Kwarteng

HISTORICAL PERSPECTIVE

• Ghana is well endowed with substantial mineral resources. The mining industry plays a significant role in the country's economy. It is a foreign exchange earner, it is a major source of employment and contributes enormously to the internal economy.

• The country has had a long history of mining, particularly gold mining. The metal was mined and traded by Ghanaians long before the arrival of

Europeans in 1471. Since then gold has continued to be the predominant mineral produced in the country.

Ghana runs second to South Africa in gold production in Africa. Other minerals mined on large scale are diamonds, bauxite, manganese and salt.

BARIMA KWARTENG & ASSOCIATES

LIMITED SUBSIDIARIES AND THE ROLE THEY PLAY IN THE PROJECTS

• The three main subsidiaries are:

• (1).

Rocks & Rivers Mining Limited

• (2) D’pong Limited

• (3) Rokway Limited

• Since the Goldfield Concessions are situated in three separate Districts in

Ghana far away from each other, these subsidiaries will play the following role:

• Domeabra / Aboaboso Goldfields operation would be controlled by Rocks

& Rivers Mining Limited.

• Sekyere / Nsuta Goldfields will be controlled by D’pong Limited .

Mfensi Goldfields will be controlled by Rokway Limited

Concessions 1

• Rocks & Rivers Mining Limited Goldfields

Concession covers an Area of 48.71 square kilometers and lies on Asankragua Gold belt in the Amansie District of Ashanti Region of the

Republic of Ghana.

• Oda River Exploration proved a total of

160,000,000 of Auriferous gravels with an average grade of 0.68 gm/m3 or .024 oz /m3 , giving a total Reserves of 2,600,400 ounces.

Concessions 2

• D’pong Construction Limited Goldfields

Concession covers and Area of 140 square kilometers and lies on Ashanti Gold belt in

Sekyere Nsuta in the Daboase District in the

Western Region of the Republic of Ghana.

• Ofin River Exploration proved a total of

120,000,000m3 of Auriferous gravels with an average grade of 0.62 gm/m3 or .021 ounce m3 giving a total Reserves of 2,204,500 ounces.

Concession 3

• Rokway Enterprises Limited Goldfields

Concessions covers an Area of 84.69 square kilometers and lies on Kumasi Basin and

Asakragua gold belt in the Atwima Nwabiagya

District in Ashanti Region of the Republic of

Ghana

• Pra River Exploration proved a total of

100,000,000m3 of Auriferous gravels with an average grade of 0.52 gm/m3 or .017 m3 , giving a total Reveres of 1,617,500 ounces.

The three separate Goldfields Concessions all have three types of mining as follows:

• To dredge the Rivers, Streams, Soil and Soil Sediments for

Nugget gold, Alluvial gold and Diamonds as surface Mining.

The dredging project cost is estimated at (US$10,000,000.00)

Ten Million United States Dollars for each Goldfields

Concession.

• To open cast of the shears, or the Hills or the Mountains for both oxide Gold ore and hard rock gold ore also as surface mining. The open cast project cost has been estimated at

(US$50,000,000.00) Fifty Million United States Dollars for each

Goldfields Concession.

• To retrench the old abandoned pits (shafts) as the result of

1939 to 1945 second World War. Also to open new pits to sink shafts for both oxides gold ore and hard rock gold ore as underground mining. The project cost has been estimated at

(US$500,000,000.00) Five Hundred Million United States Dollars for each Goldfields Concession

“Answers to questions posed by

Project Financing”

Who produced Feasibility Report?

CME (GHANA) Ltd

Canadian Mineral Exploration

Consultants Working Worldwide

148 / 6 Labone Crescent

PO.Box C723

Cantonments

Accra, Ghana

WHAT IS THE ROLE OF BARIMA KWARTENG &

ASSOCIATES LIMITED CONSULTING FIRM?

• Barima Kwarteng & Associates Ltd is responsible for sourcing of funds, acquisition of

Mining Equipments, and all resources needed for the start and successful implementation of the three projects. All legal issues, Agreements,

Registrations, Licensing, etc, etc. needed for smooth operation of the Mining and

Implementation will be the major responsibility of

Barima Kwarteng & Associates Ltd.

WHO WILL SUPPLY THE EQUIPMENTS?

• We expect our investors to supply us with the needed equipments for the project. It is estimate that (US$8,000,000) Eight

Million United States Dollars is needed for the equipments and (US$2,000,000) Two

Million United States Dollars working capital for each project.

USE OF LOAN PROCEEDS

• We intend to use the loan proceeds as follows:

ITEMS

DEVELOPMENT COSTS PER SITE

1 Machinery, Equipment and tools

AMOUNT ($)

8,000,000.00

2 Contingencies 590,000.00

PROPORTION %

77.67%

5.73%

3 Reoperation and start-up 870,000.00

8.45%

5.24% 4 Working Capital

5 Legal and Brokerage fees

Total Application

540,000.00

300,000.00

10,300,000.00

2.91%

100%

Three Sites Total

$ 30,900,000

.00

NO.

1

2

3

10

11

12

13

14

15

16

7

8

9

4

5

6

17

18

19

20

21

22

23

EQUIPMENTS

GOLD WASHING PLANT

DREDGERS

THE LIST OF EQUIPMENT

CRUSHERS

EXCAVATORS

BULLDOZERS

16 WHEELER

10 WHEELER

6 WHEELER

WHEELER LOADERS

GENERATORS

GRADERS

GOLD REFINERY

CROSS COUNTRY VEHICLES 4X4

DOUBLE CABIN PICK UPS 4X4

SINGLE CABIN PICK UPS 4X4

SPARE PARTS

INFRASTRUCTURES

BACKHOLE (TRACTOR)

EXPLORATION DRILL

OVER BURDEN DRILL

WHEEL WATER WAGON OR WATER TANK ON WHEEL

WHEEL LOW LOADER BULLDOZER CARRIER

CAMP HOUSES

QUANTITY

3

3

3

3

6

3

3

12

12

12

12

3

6

6

12

3

6

3

3

6

HOW LONG WILL IT TAKE FOR THE EQUIPMENTS TO REACH GHANA?

• One research from the Ghana shipping agency reveals that it will take a minimum of (45) forty -five days or a maximum of

(90) ninety days.

HOW LONG CAN THE DREDGING FOR GOLD BE DONE?

According to our Geologists and experts from Anglogold Ashanti and Rangold, the production can be done for up to (29) twenty-nine years

WHAT ARE THE EXPECTED ANNUAL OUTPUT, REVENUE AND COST

PER GOLDMINE?

FINANCIAL PROJECTONS

• The following is our projected annual financial expected from the three project sites

PROJECT

SITES

DOMEABRA

NSUTA

ANNUAL

OUT

PUT

(KG)

ANNUAL

REVE

NUE

($)

ANNUAL

COST

(MILLI

ON)

13,120 22,400,000.0

0

3,200,000.00

14,800 19,200,000.0

0

2,800,000.00

MFENSI 8,200 14,000,000.0

0

2,000,000.00

TOTAL $32,800 $55,600,000.

00

$8,000,000.00

WHAT IS THE SHARE SHARING RATIOS BETWEEN INVESTORS AND OWNERS OF CONCESSION?

• The answer depends on the type of mining project under consideration.

• For the dredging of the Rivers, Streams, Soil and Soil Sediments for Alluvial gold, Nugget gold and Diamonds as medium scale surface mining, the shares structure is INVESTORS 55%, CONCESSION OWNERS 45 %.

• For Open Cast of the Shears or Mountains or Hills for Oxide gold ore and hard rock gold ore as medium scale surface mining – INVESTORS 60%,

CONCESSION OWNERS 40%.

• For the Retrenchment of the old abandoned pits as a result of the second world war and also to open new pits for Oxide gold ore and hard rock gold ore as large seal underground mining, shares – INVESTOR 70%,

CONCESSION OWNERS 30%.

• The Government of Ghana will hold 10% royalty share based on net profit in accordance with the minerals and mining Law 153.

Immediate Support

Low Cost Entry Level Opportunity

• We have a gold washing plant currently at

Tema port Ghana.

• The production capacity of the machine is

250 cubic yard per hour. Its efficiency is

85-90%.

• 5000g of gold will be produced per day

• Installation & production begin in 1 month

• Washing plant and accessories estimated at $300,000 approximately.

• 1 st option on recovered gold at discount

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