Shamika Resources
Exploration and near term production Company
Privileged & Confidential
Octobre 2009
Tantalum – Niobium – Tin - Tungsten
Disclaimer
This presentation contains highly confidential information and was prepared for the sole use and benefit of the recipient in connection with
analyzing a potential investment in, or partnership with, Shamika Resources and affiliated entities. This document is not to be considered
complete without reference to the accompanying verbal briefing and supporting materials, including a full discussion of risks associated with
investing in the metals and minerals markets as well as the Democratic Republic of Congo (and neighbouring countries). The investment
opportunities contained herein are suitable only for sophisticated "accredited investors" under the definition of Canadian securities laws and
regulations. The authors believe that the information contained in this presentation was accurate and gathered from sources, including
geological surveys of Shamika's properties in Africa, believed to be reliable at the time of writing. No representation or warranty is given as to
the accuracy of information contained herein. It is further understood that, with specific reference to geological surveys, Shamika intends to
continue its exploration program and update information on actual and potential mineral deposits. This document does not constitute an offering
of securities. No information contained herein may be copied or disclosed without the express consent of Shamika Resources.
Privileged & Confidential
2
SHAMIKA’s First Mining Property in
KKalehe (January, 2007)
Kalehe (Cassiterite,Tantalite)
Robert Muongo (Gen. Manager) and
Robert Vivian (CEO)
1. Executive Summary
Privileged & Confidential
3
Overview

Shamika is a junior exploration company focused on the
exploration and near-term production of strategic minerals in the
DRC .





Plans to develop world-class ore bodies in high demand specialty metals such
as TANTALUM , NIOBIUM, TIN, TUNGSTEN.
Other minerals occurrences include Platinum group elements, Gold and
Diamonds.
Initial 43-101 reports indicate high grade mineralization and mining potential.
Accessible projects with infrastructure to support commercial production.
Low capital expenditures required with a potential to reach production
quickly.

Experienced, Africa-savvy management team.

Political risk profile substantially better than previous years due to improved
political climate. Strong CSR Policy.

IPO or merger (RTO) and acquisition transaction within 9 months.
Privileged & Confidential
4
Overview

Shamika is a mining exploration company focused on the development of
mineral properties in Africa. Shamika holds extensive licenses in the
Democratic Republic of the Congo (DRC):




Shamika’s licenses:




Negotiated under the DRC’s new mining code
Secure and not under review
Benefit from high-level contacts in the DRC and neighboring countries
Final NI 43-101 reports suggest extensive mineral deposits of specialty
industrial metals:





Largely in Central Africa’s mineral-rich Kibara fold belt
Accessible by road and water and with nearby power sources
Some properties located near Burundi and Rwanda to facilitate export
Tantalite (Tantalum): electronic components including capacitors and some high-power resistors
Columbite (Niobium): widely used in stainless steel and other alloys, used in diversified industries
Cassiterite (Tin): coating for lead/zinc/steel to prevent corrosion, glass making, printing
Wolframite (Tungsten): electrodes to light bulbs to electron beam instruments to jet/rocket engines
Strong shareholder base includes MRI Trading, El Oro & Exploration
Mining, Kingsdale, Mavrix, CD Capital, Palos and Salida.
Privileged & Confidential
5
Cassiterite Crystal (Idjwi Island)
Nyabibwe (Kalimbi Mining Site)
Tantalite (Idjwi Island)
2. Exploration & Production Strategy
+ NI 43-101 Results
Privileged & Confidential
6
Focusing On The World’s Largest New Mining Frontier

Shamika’s properties are located in the
Kibara belt, a mineral rich structure
spanning Central Africa

“The Kibara belt in Central Africa hosts
numerous important deposits of tin,
niobium, tantalum and tungsten. These
mineral deposits mainly occur in pegmatite
and hydrothermal quartz veins.” (Geologica
Belgica, Vol. 11 - 2008)


The Kibara belt is well known by geologists
for its exceptional gold, diamond, copper,
cobalt, platinum, high-grade TANTALUM,
NIOBIUM, TIN, and TUNGESTEN ore
deposits
The Kibara belt
The Kibara belt has witnessed massive
investment this decade
Privileged & Confidential
7
Shamika’s Properties

As of Dec 1, 2008 Shamika securely owns
5157 mining blocks . The most promising are:





Kalehe (South Kivu): Tin, tantalum,
tungsten and niobium (formerly a producing
mine)
Idjwi Island (South Kivu): Tin, tantalum,
tungsten and niobium
Punia-Lubutu (Maniema): Tin and tantalum
Manono (Katanga): Tin, tantalum and
tungsten
Poko (Province Orientale): Gold, diamonds
(artisan mining)

Applications have been made for a further
1410 blocks (for over 1200 km²)

Attributes favourable to development:




Export via neighbouring, stable Rwanda
Goma International Airport nearby
Road links to Goma, Mombassa, Dar Es Salam
110 KVA hydroelectric power line runs through main property (Kalehe)
Privileged & Confidential
8
Geological Structure Of The Kibara Belt

Shamika’s mineral concessions are
located in the Kibara Metallogenic Belt.

This is an intercontinental mobile belt
formed between 1,400 and 900 million
years ago. The belt is some 1,500 km long,
trending North-South; it is up to 400 km
wide. Shamika’s concessions are mainly
located across this belt.

The characteristics of known
mineralization in the region are different in
the Kibara belt from those of other
Proterozoic belts, as it is composed of
typical granophilic elements.
Privileged & Confidential
9
DRC Has Seen Substantial Investment
Recent investments in the DRC include:
COMPANY
INVESTMENT
FOCUS MINERALS
REGION
Nikanor
£1.6 billion
copper-cobalt
Kov (Shaba area)
Tenke-Lundin
$1.75 billion
copper-cobalt
Fungurume
Moto Goldmines
$546 M
gold
North-Eastern DRC
Anvil Mining
$238 M
copper-cobalt
Kinsevere Stage II
Mwana
£23.7m
gold, copper, zinc, diamonds
DRC
Anglo-American
$523 million
copper
Substantial portion focused on
Kibara/DRC
African Diamonds
$260 million
diamond
JV with De Beers in the DRC
BRC Corp.
undisclosed
diamond
DRC (Banro holds 27.5% of BRC)
Teal Mining
$200M-$300M
copper
JV with Gecamines of DRC
Metorex
25.15 million
copper
DRC
Copper Resources
$ 93 M
copper
DRC
Banro
$ 11.1 M
Gold
Twangiza
Privileged & Confidential
10
Preliminary NI 43-101 Results


Since the last financing Shamika has initiated a NI 43-101
compliant evaluation
NI 43-101 results include:





On Kalehe (Kalimbi Hill) – South Kivu: “existing traditional tin mining (Artisanal - 10
tons per week). Occurrence of lead, with copper, zinc and mercury discovered one
kilometer NE of adjacent Nyabimbwe village. ‘Traditional’ mining of tantalum and
niobium was observed 12 kilometers NE of Nyabimbwe.”
On Idjwi (South Kivu) – Omnipresence of ancient and actual “traditional” mining of tin,
tungsten, niobium and tantalum is observed, in recent alluvial sediments as well as in
the host rock. Several obviously mineralized samples were taken and are awaiting
analysis. “Predominance of tin and tungsten on PR 3637 and ancient niobium and
tantalum mining found on PR 8314 and 8189.”
Other possible extension of actual claims from observations made on the premises
Properties holding easily mined (open-pit), accessible high-grade
tin mineralization (currently mined by local artisans)
Tantalum mineralization observed to be extremely high grade
Privileged & Confidential
11
Board of Directors
SHAMIKA Congolese Team
Management Team
3. The Team
Privileged & Confidential
12
Senior Management
Robert Vivian, President & CEO. After a successful career as a manager at Montreal
Trust (investment, commercial and industrial division) and as an entrepreneur, Mr. Vivian
founded Shamika to capitalize on his extensive relationships in the DRC, Rwanda,
Burundi and Angola. He has extensive knowledge of, and hands-on experience with, the
identification and development of natural resource opportunities in Africa.
Anthony Keogh, Secretary and controller. Mr. Keogh is a Chartered Accountant with
more than thirty years experience in accounting, financial management and internal
auditing in the U.K. He has worked as an accountant at Price Waterhouse in London and
Montreal, Standard Life, GE Capital and spent eighteen years at Cemp Investments Ltd.,
a major private investment company.
Jane Qu, Business Development Coordinator for China. Ms. Qu is familiar with senior
management of some of China's largest mining companies. Prior to joining Shamika, she
was responsible for the sales and marketing of a Chinese pharmaceutical group and
brought sales from $300 000 to $70 million and expanded its market throughout China,
Japan and North America.
Privileged & Confidential
13
Exploration and Production Team
Guy Arbour, P.Eng., Geo., M.Sc. (Geophysics). Mr. Arbour will be supervising the exploration and
development of claims and properties. Mr. Arbour brings diversified experience in Mining
Exploration. For the past 15 years he has run Securad Inc. while also heading up the continuing
education effort of the Canadian Institute of Mining and Metallurgy.
Patrick Vualu, Chief Geologist for DRC. Mr. Vualu has a diploma in geology from University of
Lubumbashi and has extensive experience in all aspects of mining in the DRC. He served as
project manager for De Beers in DRC and was appointed chief department officer for the Ministry of
Mine. Mr. Vualu is also president of Général de la Société Mining Consulting and Services, a firm
offering geological mapping-structural and lithological mapping, geological logging, analysis and
testing of minerals, etc.
Environmental and Social Affairs
Patrick Martineau , Environmental and Social Affairs. Mr. Martineau has a Master in Political
Science from the University of Quebec in Montreal. He did his research work on the governance of
the DRC mining activities and the challenges of the columbo-tantalite sector. Mr. Martineau was
appointed Co-coordinator on a research project on the social impact of mining investments and
Head Researcher for a survey on the columbo-tantalite sector in DRC.
Privileged & Confidential
14
Board Of Directors

Robert Vivian
President and CEO

Kikaya Bin Karubi
DRC Ambassador in UK

Jacques Bouchard Jr.
Partner, Heenan Blaikie

David Crevier
Partner, Colby Monet
Demers

Ashwath Mehra
President, MRI Trading AG

Jean Précourt
Caisse de dépot et
placement du Québec

Terence Ortslan
Mining Engineer and Analyst
Privileged & Confidential
15
Institutional Shareholders

MRI Trading AG

El Oro mining & exploration

Kingsdale Capital Inc.

Mavrix Fund

Palos

EFG Bank

Salida Capital Corp.

CD Capital
Privileged & Confidential
16
Robert Vivian at the Beijing Mining Show
(November, 2007)
SHAMIKA introduction at the TantalumNiobium International Study Center
(TIC) (Brazil, 2007)
Robert Vivian at Sinosteel
(December, 2007)
4. Overview Of Key Markets
Privileged & Confidential
17
Tantalum
Key dynamics of the tantalum market:
 Limited world reserves – no substitute
 Capacitor-grade tantalum powder
represents 60% of market demand
 Tantalum capacitors are critical to
the global electronics industry
 Prices are forecasted to increase by
as much as 80% next year (Talisman
Minerals)
Major consuming nations:
 China
 USA
 Japan
 Germany
Major uses include:
 Communications & networking
 Computer
 Commercial aerospace and defence
* Price Sept 09 : 92,400
Privileged & Confidential
18
Niobium
Key dynamics of the niobium market:

Used primarily in steel alloys

Niobium consumption is increasing

Niobium market dominated by Brazil
Major consuming nations:

USA

China

Germany
Major uses include:

Metallurgical industries

Electronic

Aerospace and Defence
*The Chinese government has decided to
subsidize the imports of Niobium. (ASX media
Announcement, December 2009)
* Price Sept 09 : 50,706.3
Privileged & Confidential
19
Tin
Key dynamics of the tin market:
 30K tons production deficit per
annum
 Global inventories average are less
than one week
 Tin replacing lead in soldering
Major consuming nations:
 China
 USA
 Thailand
Major uses include:
 Glass industry
 Cans and containers
 Electrical
 Construction
 Welding
* Price Sept 09 : $7.50
Privileged & Confidential
20
Tungsten
Key dynamics of the tungsten market:
 China is the principal producer
 Metal marketing company GBRM
surveyed the tungsten market in
January 2008 and predicted that the
availability of tungsten would continue
to tighten.
Major consuming nations:
 USA
 China
 Germany
Major uses include:
 Electrical and lighting
 Construction and metalworking
 Steel alloys for aeronautics
* Price Sept 09 : 38,580.9
Privileged & Confidential
21
Wolframite (Idjwi)
Idjwi Island (Cassiterite, Tantalite, Wolframite)
Grand Opening of the Nyabibwe Mining Site
in Kalehe (January, 2007)
5. Creating Shareholder Value
Privileged & Confidential
22
Strategic Plan To Build Shareholder Value

Shamika will seek to move from exploration to production while
continuing to expand its portfolio of exploration properties

Build shareholder value through:





A focus on risk mitigation through:





A focus on high-value, scarce specialty metals such as Tantalum, Niobium and
Tungsten
An active exploration program to prove out reserves
Moving towards production
Acquiring additional properties in the region
Continued strong government relations efforts in the DRC
Leveraging relationships in neighboring countries
Pursuing exemplary Corporate Social Responsibility policy
Pursuing joint ventures with Chinese companies to build Shamika’s importance as a
supplier
Preparing Shamika for an IPO or RTO in Q1-2010 and positioning
Shamika as a strong acquisition candidate for global majors
Privileged & Confidential
23
Shamika Seeks To Align Itself With DRC Objectives
Strong Corporate Social Responsibility (CSR) policy designed to meet ethical and
government relations objectives

Involve all stakeholders (local, central government) in mining projects

Operate a sustainable development policy

Respecting human rights and supporting human rights initiatives

Contribute to building the DRC’s capabilities as a state

Ensure transparency

A dedicated social policy staff

A focused environmental program

A human rights task force

SHAMIKA Resources Foundation will

Prevent the use of children as soldiers and abuse towards women

Provide communities in remote regions with basic healthcare

Contribute to local infrastructure

Offer scholarships
Privileged & Confidential
24
Robert Vivian and Jane Qu at the China
Mining Show (November, 2007)
Bridge put up by SHAMIKA in Kalehe
(January, 2008)
SHAMIKA at the International Women's
Day in Goma (March, 2007)
6. Summary
Privileged & Confidential
25
Summary

Shamika is a mining exploration company focused on the
development of mineral properties in the DRC.

Plans to develop world-class ore bodies in high demand specialty metals such
as tin, tantalum, tungsten and niobium
Final 43-101 reports indicates high grade mineralization and mining potential
Accessible projects with infrastructure to support commercial production
Low capital expenditures required with a potential to reach production quickly

Experienced, Africa-savvy management team

Political risk profile substantially better than other DRC mining companies due
to solidity of licenses, political relations

IPO or RTO, merger & acquisition transaction for Q1-2010.



Privileged & Confidential
26