Bou Jabeur
– Gite de l’Est Headframe
ZINC EXPLORATION IN
NORTH AFRICA
Gordon P Riddler
Chairman
Maghreb Minerals plc [MMS]
24 September 2008 FINEX '08, LONDON 1

Although reasonable care has been taken to ensure that the facts stated in the presentation and in this document are accurate and that the opinions expressed are fair and reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or on its completeness. No representation or warranty, express or implied, is given by either Maghreb Minerals Plc (the ‘Company’) (or by any of their respective directors, officers, employees, agents or advisers (as the case may be) as to the accuracy of the information or opinions contained in, or as to the completeness of, this document. Prospective investors are encouraged to obtain separate and independent verification of information and opinions contained herein as part of their own due diligence. This document is made available only on request to recipients whom the Company believe on reasonable grounds are persons falling within sections 19(5)(3), 48, 49(2) and 50 of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2001. Any investment or investment activity to which this proposal relates is available only to such persons and will be engaged in only with such persons. Persons who do not have professional experience in matters relating to investments should not rely on this document. By accepting this document, the Recipient agrees to keep permanently confidential the information contained herein or sent herewith or made available in connection with further enquiries. It is a condition of the issue of this document that it will not be reproduced, copied or circulated to any third party without the express prior consent of the Directors of the Company. The distribution of this document in certain jurisdictions may be restricted by law and therefore any person into whose possession this document comes should inform himself about and observe any such restriction. This document is not for distribution outside the United Kingdom and, in particular, it or any copy of it should not be distributed by any means (including electronic transmission) either to persons with addresses in Canada, Australia, Japan, the Russian
Federation, the Republic of Kazakhstan, the Kyrgyz Republic or the Republic of Ireland, or to persons with an address in the United States, its territories or possessions or to any citizens thereof, or to any corporation, partnership or other entity created or organised under the laws thereof.
Any such distribution could result in a violation of Canadian, Australian, Japanese, Irish, Kazakhstan, Russian, Kyrgyz or United States law.
The statements contained in this presentation are both historical and forward-looking in nature. The forward-looking statements involve risks and uncertainties including those relating to exploration, the establishment of reserves, the recovery of any reserves, future zinc production and production costs, and future permitting dates for additional sources of ore.
NOTE:
– Throughout this presentation some of the information in relation to mineral resource estimates has been sourced from the Office National des
Mines and other official sources in Tunisia. The Group has not yet been able to verify independently the accuracy of some of this information.
–
Where applicable in its context, any tonnage and grade estimates given in this presentation are based on available historical information and are not compliant with International Reporting Standards but it is the only information currently available to the Group.
24 September 2008 FINEX '08, LONDON 2

• Factors influencing Maghreb strategy:
– Historical background to mining in Africa
– Where are the past and present mines and exploration?
– Factors Relevant to Increasing Production in Africa
– Potential for Discovery and Increasing Production
• Where is Maghreb Minerals plc looking?
• What is the company doing?
24 September 2008 FINEX '08, LONDON 3

24 September 2008 FINEX '08, LONDON 4

33, 34
35
R
E
25, 26
27, 28
37
36
38, 39, 40,
41, 42, 43,
44, 45
15, 16
17, 18
E
RR
8
9
FINEX '08, LONDON 24 September 2008 5

Zinc in Africa
Country
South
Africa
Namibia
Zambia
DRC
Congo
Nigeria
Burkina
Faso
Eritrea
# Deposit Name
1 Black Mountain
2 Broken Hill
3 Gamsberg
4 Pering
5 Maranda
6 Metorex
7 Tsumeb/Adenab
8 Rosh Pina
9 Skorpion
10 Kabwe
11 Kipushi
12 Yanga Koubanza
13 Mindouli
14 Mfouati
15 Ishiagu
16 Enyiba
17 Ameri
Status
M
Mine Start
(Mine Closure)
1981
Resource Data
Reserves: 12.7Mt @1.8%Zn, 4.38% Pb
(2001),
M
R 90Mt @ 6.3% Zn, 0.5% Pb with Cu

1984 (2002) 18Mt @ 3.6% Zn, 0.69% Pb c MaHost
Rock Age
2000 Ma
2000
2521
Host Rock
Type
Granulite gneiss
Dolomite MVT
E
 (2003) Reserves: 0.3 Mt @ 15.3% Zn, 1.5% Cu

1907 (1996) 30Mt @ 4.0% Cu, 9.0% Pb. 3.2% Zn 1500
M 1969 Reserves: 6.5Mt @ 8.7% Zn, 2.5% Pb
Resources: 15Mt dolomite
600 Volcanic -
600 sedimentary
Volc – sed
1500-220 carbonates
M 2003 24.6Mt @ 10.6% Zn

1906 (1994) Mine capacity 250,000 tpa
R 1929 (1973) 17Mt 16.7% Zn, 2.32% Cu plus
9Mt @ 23.3% Zn 1.93% Cu
 E 1905 (1978) 5.53Mt @ 8%Pb. 7% Zn. 1.9% Cu

(1978) Largest in E Niari region
 1938 (1984)
1500
1500
1500 dolomite
Calc schist dolomite
M
M
1.5Mt @ 7% Zn (2006)
Overall average grade for Benue Valley deposits 12% Zn+ Pb ratio 2:1
100 Carb shales
M
18 Ameka
19 Perkoa
M
R Expected 2008 6.3Mt @ 14.5% Zn, .06% Pb, 10%
BaSO
4,
26 g/t Ag
2000
20 Asmara R 1500
5.3 Mt @1.57 g/t Au, 74.8 g/t Ag, 2% Cu, 0.8% Zn 21 Debarwa
22 Adi Nefas
R
R 1.2Mt @ 11.5% Zn, 1.1%Cu, 4.4 g/t Au,
165 g/t Ag
40 Mt target 23 Emba Derho E R
24 Bisha
Status : M = Active Mine;
E Assy: 6.27%Cu, 1g/t Au, 42.g/t Ag +Zn

= Closed Mine ; R = Estimated Resource; E = Active Exploration.
Volc tuffites
VMS
VMS
Note: Indicative List. Resources quoted may not be to reporting code standards
24 September 2008 FINEX '08, LONDON 6

Zinc in Africa
Country
Morocco
Algeria
Tunisia
# Deposit Name
25 Bou Beker
26 Touissit
27 Mekta
28 Beddiane
Mine Start
Status (Mine Closure)

1926 (1997)
 (2003)


1926 (1997)
M 1992
Resource Data
Between 1926 and 1997 produced
67Mt @ 7%Pb, 3% Zn and up to 600 g/t Ag c MaHost
Rock Age
170
Host Rock
Type dolomites
29 Hajar 8.4Mt @ 10.5% Zn, 3% Pb, 0.3% Cu,
60 g/t Ag (2002)
7.79Mt 5.52% Zn, 2.3% Pb, 0.27% Cu
355 Volc – sed contact zone
30 Drâa Lasfar M 2004
31 Tighza
32 Oued Amizour
33 Bouk Dema
34 Kef Semmah
35 Ain Sedjra
36 Bou Jabeur West
37 El Abed
38 Gite l’Est
39 Dar N’Hal Nord
40 Djebba
41 Bougrine
42 Zriba Guebli
43 Kohol
M E 1955 5 Mt; production 30 ktpa Pb, 4 ktpa Zn
E 30 Mt @ 5.5% Zn, 1.4% Pb of which
11Mt @ 10.9% Zn. 3% Pb

E 1927 (1930) 18.4Mt @ 4% Zn, 2% Pb

E 1900 (1953) Oxide: 2.1 MT @ 20% Zn, 2.93% Pb
Sulphide: 3.2Mt @ 6% Zn, 1.35% Pb
 E 1911 (1953) 2.2Mt @ 11.4% Zn, 1.14% Pb
R
 (1997)
Zinc mineralisation recorded - ?5Mt
Part of Bou Beker
– Touissit resource

E 1891 (2002) 5.1 Mt @ 3.76% Zn, 1.38% Pb, 33.2%
BaSO
4
, 9.3% CaF
2

E 1891 (2005) 1.2 Mt @ 6.1% Zn, 5.5% Pb mine reserve left.

E 1920 (1956) 2.7 Mt @6.14% Zn, 3.34% Pb

E 1990s (2005) c10 Mt at start
1.3Mt @ 10.9% Zn, 1.9% Pb (2002)

E 1967 (1992) 4Mt @ 25% CaF
2
, 2% Pb + Zn
R E 0.4 Mt @ 35% CaF
2
, 5% Pb + Zn
350
150
100
170
170 volc – sed
Lavas + sed
Dolomites dolomites
100 - 10 Karstic carbonates and dolomites
44 Sidi at Taia E Mineralisation 3.5% Pb + Zn, 15% CaF
2,
10% BaSO
4
Zinc oxide and sulphide 45 Mesella  E
Status :
M
= Active Mine;

= Closed Mine
; R
= Estimated Resource;
E
= Active Exploration
Note: Indicative List. Resources quoted may not be to reporting code standards
24 September 2008 FINEX '08, LONDON 7

24 September 2008 FINEX '08, LONDON 8

• Large (>40Mt), lower grade VMS type deposits in older Proterozoic terrains (Gamsberg, Asmara)
– Complex mineral paragenesis; complicated metallurgy
• Smaller (~5 - 10Mt), higher grade MVT type carbonate hosted deposits (Benue Valley, Bouk
Dema, Fej Lahboum, Gite de l’Est)
– Central processing facility and more extensive infrastructure
• Zinc Oxide Deposits
– Application of SE/EW technology (Skorpion, Kef Semmah)
• Volcano-sedimentary Hercynian terrains (Hajar,
Draa Lasfar)
24 September 2008 FINEX '08, LONDON 9

24 September 2008 FINEX '08, LONDON 10

 Opportunity to re-start mining at past producing mines
 mining stopped at a time of low metal prices; these mines have established resources in situ and upside for more
 Bougrine concentrator on care and maintenance
 Centrally located with capacity up to 2,000 tpd
 Ready Market in Europe
 World shortage of good quality concentrate
 Clean concentrate commanding high prices in the European smelting market
 Bou Grine product sold to a number of European smelters
 Competitive mining code and stable fiscal regime
 Good existing infrastructure
 power, water, rail, concentrate handling, extensive good quality geodata and effective government support
 Little modern exploration and excellent exploration potential
24 September 2008 FINEX '08, LONDON 11

 Built a strong portfolio of exploration permits
 Hold 100% title on 7 EPs around and along strike from former producing mines
 After extended negotiation, recently (2007) secured title to three past producing mines
 Opportunity to fast track to production
 Exploration targeting using alternative model
 "thrust related model replaces salt dome related concept“
24 September 2008 FINEX '08, LONDON 12

Past producing mine
Pb=Zn showing
Mejerda Zone
Djebba ‘resource’* approx. 3 to 4 Mt grading
6% Zn + 3% Pb
10km from Fej Lahdoum
Past Producing Fej Lahdoum mine current ‘resource’*
1.5 Mt grading 11.6% Pb+Zn
Significant Upside Tonnage Potential
Past Producing
Breakwater Resources
Bou Grine Mine up to 2,000 tpd mill
Past Producing
Closed September 2005 on
Bou Jabeur
Pb-Zn-Ba-CaF2 mine(s)
G îte de l’Est ‘resource’* 5.1 care and maintenance
10km
50km
Mt grading 3.76% Zn, 1.38%
Pb, 33.2% BaSO4, 9.3% CaF2
Significant Upside Tonnage
Potential at depth & along strike
Lorbeus EL
125km
Past Producing
Zaghouan-Zriba fluorite mine
Current ‘resource’ > 4.8
Mt grading 25% CaF
2
Significant Upside
Tonnage Potential
24 September 2008 FINEX '08, LONDON 13
* not to reporting code standard

Bou Jabeur – Gite de l’Est – Step out drilling, May 2008
24 September 2008 FINEX '08, LONDON
15 March 2007
14

March to September 2007: Phase 1 - Verification
Drilling completed at Gite de l'Est. 10 drill holes totalling 3,404.5m. Drilling results confirm and verify the previous O.N.M. drilling results, with some zinc assays in cores looking considerably better.
June to October 2007: Discovery of cores and pulps from original ONM drilling programme used for earlier COMINO (2001) resource estimates.
Significant uplift in zinc results (>40%) from reanalyses of the first batch of these.
December 2007: Inferred Mineral Resource estimate for Gite de l’Est of 8.836 million tonnes
(Mt) grading combined 3.16% zinc and lead: 2.17% zinc, 0.99% lead, 5.06% CaF
2
21.66% BaSO
4 and
(JORC (2004) - in situ value of the mineral resource is estimated to exceed US$925 million at December 2007 metal prices.
January – June 2008: Earned 90% interest in the
Bou Jabeur exploration permit. Phase 2 complete.
1000 m

Bou Jabeur Mill originally fed by nearby mining operations in the hillside
Gite de l’Est Mine
5.1 Mt
3.76% Zn,
1.38% Pb,
33.2% BaSO4
9.3% CaF2
First verification hole
MBJ-1 Pb+Zn mineralised core
24 September 2008 FINEX '08, LONDON
Ouled Moussa EL
100% Maghreb
16

Bou Jabeur Gite de l’Est - Drilling
24 September 2008 FINEX '08, LONDON 17

24 September 2008 FINEX '08, LONDON 18

Gi te de l’Est Mine – Verification Drilling - 2007
PHASE 2
PHASE 2 DRILLING
January – June 2008
Bou Jabeur Gite de l’Est
Drill hole MBJ 24
April/May 2008
46m interval @ 9.12% Zn and 1.72% Pb
Adds 200m to depth extent
Gite de l’Est – Bou Jabeur
MBJ Series Verification Drilling
Best Zinc – Lead Results
DRILL
HOLE
TOTAL
INTERVAL(m)
MBJ 1 34.2
MBJ 2 36.10
MBJ 4 40.65
MBJ 5 36.65
MBJ 6 44.70
MBJ 8 10.60
5.04
7.47
5.22
Zn
(av. %)
4.74
4.60
6.48
1.54
0.71
0.87
Pb
(av. %)
0.90
1.82
1.83
6.58
8.18
6.09
COMBINED av. Zn%+Pb%
5.64
6.42
8.31
MBJ 10 13.90 3.96 1.28 5.24
Re-analyses results from ONM BJ series cores and Maghreb’s MBJ series results still to be entered in resource model
19

Bou Jabeur – Gite de l’Est
Phase 2: Step out drilling
24 September 2008 results
DRILL
HOLE
MBJ12
FROM
(m)
TO
(m)
348.60 352.90
357.80 360.10
368.60 369.60
371.60 393.45 including 375.30 380.45 including 382.90 386.20 including 387.20 388.35
395.45 402.40 including 401.50 402.40
MBJ17 256.15 273.10 including 256.15 258.25 including 259.45 260.45 including 263.55 268.80 of which 263.55 264.65 of which 267.65 268.80 including 270.80 271.60 including 272.30 273.10
MBJ20 144.60 172.00 including 153.60 157.50 including 162.65 165.85
176.80 185.90
MBJ24 311.25 357.50 including 311.25 319.35 of which 314.35 319.35 including 331.40 341.40 of which 337.40 341.40 including 352.40 355.20
MBJ27 222.10 258.00
FINEX '08, LONDON including 224.50 228.90 including 236.00 240.00 including 243.10 245.30 including 246.65 249.50 including 253.20 255.40
270.00 286.40 including 274.40 282.00
MBJ28 383.75 386.40
389.60 391.50
INTERVAL
(m)
4.30
Ag
(g/t)
2.30
1.00
21.85 15.60
5.15
3.30
1.15
6.95 21.01
0.90
16.95
2.10
1.00
5.25
1.10
1.15
0.80
0.80
27.40
3.90
3.20
9.10
Zn
(%)
0.85
1.34
2.25
5.51
7.13
16.16
10.50
1.98
1.63
0.90
13.32
18.04
0.65
1.00
21.18
0.04
1.27
17.00
Pb
(%)
3.13
4.01
1.55
2.62
9.12
7.74
4.08
6.56
1.35 10.27
0.01
0.01
3.04
9.07
35.90
4.40
4.00
2.20
2.85
2.20
16.40
7.60
2.65
1.90
46.25
8.10
5.00
10.00
4.00
2.80
9.12
14.14
17.18
15.74
22.49
12.26
6.99
0.78 10.26
3.10 2.29
7.10
5.05
3.19
2.93
1.81
1.38
11.20
9.61
9.97
9.88
7.95
2.81
4.66
4.25
4.04
1.28
1.45
0.88
1.96
2.48
1.69
2.55
3.75
0.63
1.72
1.45
2.05
1.07
1.03
6.89
0.77
20
COMBINED
Zn%+Pb%
3.98
5.35
3.80
8.13
13.20
14.30
11.62
3.05
9.08
10.84
15.59
19.23
16.81
23.52
19.15
8.27
12.65
10.49
11.93
12.36
9.64
5.36
8.41
4.88
4.81
9.11
17.79
11.40
13.97
19.04
22.45
17.04
11.04
5.39
10.03
6.86
4.57

Fej Lahdoum – Dar N’Hal Nord Mine
24 September 2008 FINEX '08, LONDON 21

Dar N’Hal Nord Pb+Zn deposit:
• estimated 1.2 Mt 11.6%
Pb+Zn left of 1991
Bulgarian reserve
• 2005 drilling extended the surface area of the resource by ~20%
• DNH25: 7m @ 16.4% Pb+Zn
& DHN 26: 5.8m @ 21.19%
Pb+Zn
Dar N’Hal Sud:
400,000 t grading
13.3% Pb+Zn,
Grades verified by drilling in 2005
Dar N’Hal Sud
24 September 2008
Dar N’Hal Nord
Current combined
> 1.5 Mt, additional drilling
FINEX '08, LONDON ore zones and at depth to add resources

Maghreb’s drilling program is targeted at extending the zone of mineralisation at depth and along strike
Maghreb 2005 drilling selected results include:
MFL 8: 79.80 m 5 intervals @ 3% to 5% Zn + Pb
MFL 9: 32.75 m 3 intervals @ 4.5% to 6% Zn + Pb
MFL 18: 17.5 m @ 13.5% Zn + Pb
MFL 21: 24.45 m @ 7.15% Zn + Pb
MFL22: 19.90 m @ 8.75% Zn + Pb
24 September 2008 FINEX '08, LONDON 23

Possible sub-surface extent of the
Fej Lahdoum Lead - Zinc deposit in
Dar N’Hal Nord and Sud.
P o s s ib le e x te n s io n n o r th w a rd s
in to th e B o u K c h e rid a b lo c k
To u ila F a u lt
B o u K c h e rid a F a u lt z o n e
24 September 2008
50
0 m e tre s
Dar N’Hal Nord
Mine Entrance
D o w n -d ip e x te n s io n o f o re b o d y is u n k n o w n
FINEX '08, LONDON 24

Fej Lahdoum – Current Drill Target
24 September 2008 FINEX '08, LONDON 25

(100% Maghreb)
• Satellite deposit 10km north of Fej
Lahdoum
• Miocene basin
– Canadian SIDAM–Minorex
(1989) ‘Reserve’ estimate of 2.7
Mt grading 6.14% Zn and 3.34%
Pb, including an open-pit mineable resource of 800,000 tonnes at 6.59% Zn and 4.09%
Pb
• Cretaceous – Triassic contact zone
– High grade Pb – Zn mineralisation intersected in
2005/2006 shallow drilling at south and north end of previously defined mineralisation
24 September 2008 FINEX '08, LONDON
Old U/G mining operation
Old O/C mining operation
26

SHALLOW MINERALISATION
OPEN AT DEPTH
MDJ4
42m-70m : 27.9m @ 9.67% Pb/Zn
74m-96m: 25.6m @ 5.92% Pb/Zn
MDJ3
38m-59m : 21.2m @ 13.24% Pb/Zn
MDJ1
23.05m-28.25m
5.2m @ 19.2 % Pb/Zn
MDJ2
21.85m-32.30m: 10.45m @ 19.1% Pb/Zn,
24 September 2008 FINEX '08, LONDON
MDJ 3: 0.45m
@ 10.31% Zn
& 50.90% Pb
27

Djebba Zn orebody
Fault between Cretaceous rocks
24 September 2008 FINEX '08, LONDON and Trias - Neogene basins
Neogene rocks
Triassic rocks
28

24 September 2008 FINEX '08, LONDON 29

 Zriba Mine produced approx. 4Mt of ore, grading 25% fluorite (CaF
2
), 1-2% Pb+Zn from 1967 to 1992
 Mine closed due to low metal prices
 Simple room and pillar mining operation
 Current “resources”
> 4.8 Mt grading 25% CaF
2
 Fluorspar prices to remain high
 recent acid grade fluorspar cif price
US$400/t, compared with an average of
US$180/t in 2005
 Tunisia annually imports US$20mln worth of CaF
2
 Significant exploration potential for Zn+Pb
 Advanced discussions with partners
24 September 2008 FINEX '08, LONDON
500000
SITUATION GENERALE DES PERMIS DE
RECHERCHE DEMANDES
520000 540000 560000
W
N
E
Grombalia
Zaghouan
Henchir el Jebs
Henchir Mejdoub
Sidi Salem el Garci
Jebel el Messella
Bou Ficha
Sidi et Taia
Hammam Zriba-Jebel Guebli
Jebel el kohol
Jebel Fkirine
500000
10 0
520000
Decoupage administratif
Gouvernorat de Ben Arous
Gouvernorat de Zaghouan
Decoupage cartographique а1/50000
Permis de 4 иme groupe valides
10
Permis de recherches demand йs (3иme G)
540000
20 Kilometers
560000
30

24 September 2008
 Zriba mine is largely worked out
 (4 Mt @ 25% CaF
2
1992; 4.8Mt* remain) produced to
 Potential to NW and SE but both known to be thinner than at the mined part of the deposit
 Guebli considered a better target for fast development but Zriba data are being studied to understand genesis and likely geometry at
Guebli
(*not compliant with international reporting standards)
FINEX ’08, LONDON 31

 Dominantly a flat lying barite-fluorite deposit with subsidiary Zn and Pb
 Stratigraphically controlled and varying in thickness from 2 – 13 metres
 Sandwiched between Jurassic Portlandian limestones and Cretaceous
Campanian chalks (Abiod Formation)
24 September 2008 FINEX’08, LONDON 32

24 September 2008
GUEBLI DEPOSIT
 South west of Zriba
 Not exposed at surface
 60m – 70m deep in main part of valley
 extensive drilling and trial mining but no exploitation yet
 256 historic drillholes and 15 recent
MMplc drillholes
 Significant variations in thickness over short (<10m) distances
 Largely stratabound and flat
 Typically 18% - 20% CaF
2
FINEX’08. LONDON 33

• Limited exploration to date
• Three targets:
1. Old workings for lead-zinc-barite in galleries in the hillside – mining stopped at the water table
2. High grade assays in drilling near the
Algerian border

S12 – 29 m @ 7.16% Zn

S36 – 3.3 m @ 10.5% Pb
 S37 – 4.9 m @ 45% Zn

S50 – 2.0 m @ 23.5% Zn

S51 – 5m @ 15.5% Zn, 2.0% Pb
3. Gravity target on 100% Maghreb owned Ouled Moussa EL
24 September 2008 FINEX '08, LONDON 34

100% owned Maghreb
Exploration Licence
24 September 2008 FINEX '08, LONDON 35

24 September 2008
 Past small-scale producer of high grade Pb – Zn mineralisation (closed in
1929)
 On the same mineralised basin margin structure as the nearby (4 km)
Bou Grine Mine
 Over 1.5km of strike length of mineralised host rocks and prospective structures
FINEX '08, LONDON 36

• Bou Grine is Tunisia’s largest known zinc/lead deposit to date.
• Discovered in 1981, the Bou
Grine deposit was estimated, in
1985, at 7.3M grading 2.4% Pb and 9.7% Zn using a cut-off of
4% Zn.
• Bou Grine Mine operated by
Breakwater Resources closed in
September 2005.
Lorbeus Area – with train line to Bou Grine mill
37
24 September 2008 FINEX '08, LONDON

 1,000 – 2,000 tpd Bou Grine Mill on
Care & Maintenance
 Opportunity to fast track getting back into production via a possible deal with
Breakwater to toll treat or purchase the mill
 Fej Lahdoum was supplying 15% of mill feed until closure in 2005
 Rail access from Bou Jabeur and
Lorbeus to the Bou Grine Mill
 Rail from mill to the port and concentrate storage facility in Tunis
24 September 2008 FINEX '08, LONDON 38

• Positive indications for MVT mineralization of lead and zinc.
• Office National des Mine reworked soil geochemical survey data shows very positive lead zinc anomalies.
• A positive residual gravity is partly coincident with the soil geochemistry anomalies which track linear satellite trends
• Maghreb’s geology re-mapping showed:
– prospective near basin margin facies;
– evidence of extensive hydrofracturing and fluid flow
– lead mineralisation at surface
Galena stringers at surface
24 September 2008 FINEX '08, LONDON 39

Niton
Survey
Regional
Lineaments
24 September 2008
Anomalous gravity and
Lead and zinc in soils
FINEX '08, LONDON 40

Tan Chaffao location and geology:
• acid volcanics (porphyritic rhyolites)
• overlain by a volcano-sedimentary unit
(volcanic tuffs, with mafic volcanics)
• major fault structures traverse the area.
24 September 2008 FINEX '08, LONDON 41

The polymetallic (Zn, Pb, Cu, Au) mineralisation of Tan Chaffao:
• discovered in 1971 and explored by O.R.G.M teams
• geological and geophysical studies and a 10-hole drill programme.
• drilled to depths of between
100m to 200m
• several mineral-bearing zones over a strike length of 1,450m
• lenses - length from 50m to
300m; widths between 0.6m and
21m
24 September 2008 FINEX '08, LONDON 42

Verification work programme by Maghreb
Tan Chaffao
• five drillholes (MTC001 – MTC005), for a total of 823 metres
• mineralisation in an altered sulphidic quartzite below chlorite-sericite schists.
• assay results below expectations based on previous O.R.G.M. data.
Drill Hole From
(m)
MTC 001 including including
84.60
90.10
115.00
118.50
101.00
MTC 003 including of which
107.00
108.00
MTC 004 68.35
MTC 005 including
113.20
116.20
To (m)
94.50
91.10
121.70
119.50
119.00
110.00
109.00
74.35
125.80
122.80
Interval
(m)
9.90
1.00
6.70
1.00
18.00
3.00
1.00
6.00
12.60
6.60
Assay
2.27%Zn; 0.53%Pb; 0.23% Cu
0.72g/t Au
1.42%Zn; 0.34% Cu
0.53 g/t Au
2.4%Zn; 0.79% Pb; 0.17% Cu
3.02 g/t Au
8.04 g/t Au
0.81%Zn; 1.35%Pb
3.89%Zn; 1.73%Pb; 0.16%Cu
6.38%Zn; 2.77%Pb; 0.21%Cu
• gravity soil geochemistry surveys identified some small-scale gravity highs with coincident elevated copper and gold in soils.
• high level of expenditure operating in the remote Tan Chaffao area, slow progress of available contractors and disappointing initial results
• DECISION terminate further exploration over this permit.
24 September 2008 FINEX '08, LONDON 43

 Focus in Tunisia on drilling in 2008 to get to compliant resource statements for its deposit holdings:
 Initial estmate for Bou JabeurGite de l’Est by WAI, December 2007
 Updated estimate by Scott Wilson Mining, November 2008
 Working to timetable:
 Completion of verification drilling
 Djebba – Q1 2007; Zaghouan – Q3 2007; Bou Jabeur Gite de l’Est – Q3 2007; Fej Lahdoum Q3 2008
 Deposit resource delineation and scoping study*
 Djebba – Q2 2008; Zaghouan – Q2 2009; Bou Jabeur/Gite de l’Est* – Q4 2008; Fej Lahdoum Q3 2009
 Exploration on permits
 Ongoing for completion Q4 2009
24 September 2008 FINEX '08, LONDON 44

24 September 2008
Maghreb Minerals plc
Blackwell House
Guildhall Yard
London EC2V 5AE
Tel: +44 20 7556 0940
Fax: +44 20 7556 0949
Web: www.maghrebminerals.co.uk
FINEX '08, LONDON 45