A NICHE PRODUCER OF THE PUREST MAGNETITE AND
HEMATITE FOR INDUSTRIAL CONSUMERS

About Lodestone

About Lodestone Namibia

Lodestone Namibia (Pty) Ltd holds Mining License Number 182 which was granted by the Namibian Ministry of Mining and Energy in November 2014. The company also holds the Exclusive Prospecting Licenses 3112, 3938 and 4625. The licenses cover a significant proven iron ore deposit near Dordabis, approximately 70 kilometres south east of Windhoek. Lodestone received all requisite Environmental Clearance Certificates in July 2014, including acceptance of its Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP) from Namibia's Ministry of Environment and Tourism. To date, Lodestone has conducted 4 phases of exploratory drilling totaling 12,000 meters across 102 diamond drilled boreholes. Lodestone, a private company, began production in mid-2015.

Bethlehem Steel first identified the Dordabis iron deposit in 1954 using drainages, trenching, and surface exploration techniques. Bethlehem's analyses identified a sedimentary ore body structured in a 60/40 ratio of Fe3O4 and Fe2O3. Bethlehem concluded that due to an absence of requisite infrastructure in Namibia and low iron ore prices in the 1950s, exploitation of the ore body would not be economical at that time.

In 2006, The Namibian geologist Jan Joubert secured prospecting rights on Dordabis. Joubert began to map the area of the ore body and sought to analyze if the EPLs contained adequate iron ore resources to create an economically viable magnetite mine. Initial surface tests of magnetite outcroppings were extremely encouraging. However, Joubert lacked requisite funds for a drilling campaign.

In early 2010, Carsten Mosch (German) joined Lodestone as its CEO, member of the Board, and principal investor. The newly formed Lodestone board developed plans to drill the ore body. Lodestone hired Oscar van Antwerpen of Minrom Mineral Resource Management to conduct a geological survey and supervise a drilling program under the JORC code. In June 2010 Lodestone commissioned Terratec, Namibia to conduct a geophysical survey of the EPLs. Terratec's electromagnetic survey work identified several wide areas of high priority drill targets. Lodestone initiated drilling shortly thereafter.

Lodestone successfully refinanced itself in late 2012. A German investment company (Lodestone GMBH) and David Hinsley (an American national) took up the majority of that equity round. Hinsley subsequently joined the Board of Lodestone as its CFO and is a principal shareholder. Shortly thereafter, Lodestone commissioned Minrom to conduct a third and fourth phase of exploratory drilling which were completed in September 2013. The results of those drill campaigns were subsequently analyzed and catalogued in December 2013. A JORC Competent Persons Report was updated after the latest phase of drilling. A revised mine engineering study was also conducted based on the latest CPR.

Lodestone closed its most recent financing in May 2014. Existing investors took up the majority of that equity round which will see Lodestone through its first stage of production. Lodestone was granted an Environmental Clearance Certificate from the Namibian Ministry of Environment and Tourism in July 2014 and received its Mining License from the Namibian Ministry of Mines and Energy on November 6, 2014.

Lodestone broke ground on the Dordabis mine in April 2015 after securing the first of its long term off-take agreements. Lodestone delivered its first shipment of beneficiated magnetite under long term contract in July 2015 and is currently negotiating off-take agreements with specialty consumers of bespoke grades of magnetite and hematite. Lodestone's beneficiation production facilities and pace of mining are scheduled to continue to expand as pending off-take dicussions are agreed.

LODESTONE BOARD OF DIRECTORS

CARSTEN MOSCH
CEO & Executive

Carsten Mosch was a Managing Director in Global Markets for Deutsche Bank with 19 years of experience in the international capital markets. In his last role he was Co-European Head of Structured and Liquid Rates Trading covering a broad range of debt instruments.

He started his career in 1991 at Dresdner Kleinwort Wasserstein as a trader for Eurobonds before joining DB in 1998 to run Liquid Credit Trading. Throughout his career, Carsten has been in charge of several strategic portfolio advisory and business integration mandates within the organisation. His distinctive executive abilities and market knowledge are reflected in the consistently excellent results achieved by his division over the past 13 years. In May 2010, Mr. Mosch became a shareholder and director of Lodestone Namibia (Pty) Ltd. Mr. Mosch is a German national and lives in Frankfurt Germany.

DAVID M. HINSLEY
CFO & Executive

David Hinsley joined the Board of Lodestone as its Chief Financial Officer and a principle investor in early 2013. Prior to joining Lodestone, Hinsley was a Managing Director at Deutsche Bank in Global and Emerging Markets in London and New York from 1999 until 2012. Mr. Hinsley served as the Head of Client Coverage in Latin America and was the Global Head of Interest Rate Structuring. During his career at Deutsche Bank, Hinsley was primarily focused on arranging financing for a wide variety of borrowers in Europe, Latin America, Central and Eastern Europe, and the Middle East. He joined Deutsche Bank after completing his MBA in Finance at New York University - Stern School of Business. Prior to his MBA, Hinsley spent six years as a government relations consultant at Policy Management Associates in the USA. Mr. Hinsley is a dual British and American national who lives in London.

JAN JOUBERT
Non-Executive

Jan Joubert has more than 40 years of experience as an exploration geologist and mineralogist in Southern Africa. Joubert led an exploratory drilling team in 2006 and 2007 that discovered the Namibian uranium deposit on EPL 3138 on behalf of Extract Resources Namibia, Kalahari Minerals, and West Africa Gold Exploration. The uranium deposit is the second largest in the world and was bought by Swakop Uranium in 2012. Joubert, a Namibian citizen, was the Head Mineralogist in Research and Development from 1981 to 1995 at Palabora Copper in South Africa which was then owned by Rio Tinto and Anglo American. In addition to his Lodestone Board responsibilities, Joubert is the Namibian Accredited Agent for several international exploration concerns. Joubert, a native Namibian, also runs a small scale copper oxide leaching, solvent extraction and electrowinning plant on his farm in the Khomas region of Namibia.

JAMES GROBLER
Non-Executive

James Grobler is a logistics professional who has run trucking and transportation companies throughout Southern Africa for 25 years. In addition to his Lodestone Board responsibilities, Grobler is a large employer in Okahandja, Namibia and is involved in civic matters. Grobler was a pioneering logistics contractor who performed de-mining in Angola to enable the initiation of UNESCO food deliveries after the war of independence. Mr. Grobler was a founding member and shareholder of Lodestone Namibia. A native Namibian, Grobler lives in Okahandja.

CHRISTOPH STRAUB
Non-Executive

After his graduation in Science of Economics with a Masters degree (Dipl. Volkswirt), Herr Straub accumulated international business, finance and management experience across a broad range of industries. Since 2003, Straub has concentrated his activities on trade between Germany and Southern Africa. He has also been active in business consulting in Germany specializing in expansion and disposal strategies. In 2006 Christoph became a founding member, shareholder and director of Lodestone Namibia. A German national, Herr Straub resides near Lake Constance in Germany.