The materials used herein and this presentation (collectively, the Presentation ) have been prepared by PT Agincourt Resources (the Company ) solely

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2 The materials used herein and this presentation (collectively, the Presentation ) have been prepared by PT Agincourt Resources (the Company ) solely for use at presentations to be held during August By viewing the Presentation, or by reading the materials used at the Presentation, you agree to be bound by the following limitations: The Presentation may not be copied, published, distributed or transmitted or disclosed by recipients to third parties. The Presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities or an inducement to enter into any investment activity, nor shall any part or all of the Presentation form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities. The Presentation is being provided by the Company for informational purposes only and has not been independently verified. The Company does not make any representation or warranty, express or implied, as to the fairness, accuracy, correctness or completeness of the information in the Presentation, and nothing in the Presentation is (or shall be relied upon as) a promise or representation by the Company. The Presentation is based on the publicly available information about the Company as at 1 st August 2016 and the Presentation is qualified in its entirety by reference to the Public Information. Copies of certain information relating to the Company are available at You are urged to review the other Public Information in its entirety. The Presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, viewers of the Presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. The Presentation is only directed at qualified investors and investment professionals and other persons should not rely on or act upon the Presentation or any of its contents. The Presentation does not constitute a recommendation regarding the securities of the Company. By viewing this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. The Presentation speaks as of 1 st August Any further discussions of the Company with any of the recipients shall not, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. Nothing in the Presentation constitutes an offer of securities for sale in the United States or any other jurisdiction, nor does it constitute an invitation to subscribe for, purchase or sell any securities.

3 1. Martabe - Overview 2. Social License 3. Production 4. Exploration 5. Summary

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6 Six known deposits within a 5km x 6km area with Purnama the largest so far Part of a large-scale mineralised district which has the potential to host further gold and gold-copper deposits Uluala Hulu (behind Tor Uluala) Ramba Joring Purnama Tor Uluala Uluala Hulu (behind Tor Uluala) Barani Process Plant Horas

7 Arcs of Indonesia and adjacent areas form one of the worlds great gold and copper-gold mineral provinces The province is equally well endowed with epithermal (gold) and porphyry (copper-gold) deposits The Arc from Sumatra to east of Java contains approximately 70moz Au, 145mOz Ag and over 16 million tonnes of Cu in past production and resources

8 1997 Discovery by Normandy (JV with Anglo) 1997 Discovery by Normandy (JV with Anglo) 2009 G-Resources commences construction 2009 G-Resources commences construction 2012 First Gold 2012 First Gold 2016 Acquired by consortium lead by EMR 2016 Acquired by consortium lead by EMR 8

9 TSF Barani Process Plant Purnama

10 4.5Mtpa ore bulk style open-pit mining Low LOM strip ratio of 0.9:1 for Purnama Standard process technology Mine, crush, SAG/Ball mill, carbon-in-leach (CIL) operation, gold/silver bullion production; designed to treat oxide ores and mixed ores Assumed LOM gold recoveries 77%, silver recoveries 67% - currently achieving 83% and 69% respectively ROM Primary Crushing stockpile Grinding Mills Pebble Crushing Crushing SAG & Ball Mill Leach / CIL Tailings CIL Desorption Water Services Martabe Smelting Gold Room Jakarta Refinery

11 ARS - 95% PT ANA - 5% PT Agincourt Resources Martabe Gold Mine North Sumatra Indonesia

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13 At PT Agincourt Resources we believe that the support and endorsement from our local communities is fundamental to the long-term success of our business. Trust, mutual respect, active partnership and long term commitment to a workable relationship and achieving sustainable development are the cornerstones of the company s philosophy.

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15 CSR 1. Health programs e.g. mother and child health, nutrition, cataract blindness 2. Education e.g. reading gardens, classrooms, Teacher English training 3. Infrastructure e.g. clean water, public facilities, bridges, roads 4. Agriculture e.g. training and assistance to local farmers for crop productivity improvement 5. Economic development e.g. local businesses, local employment Human Resources 1. Development of local people 2. 70% of workforce from the local area 3. Training and development for long term skills 4. Gender program providing more opportunities for women at Martabe

16 Puskesmas Medical Clinic for local community Cataracts 4,500 patients and indirectly 18,000 family

17 Clean water, sanitation, personal hygiene are key factors in diarrhoea related illness

18 23km Clean Water Piping 78unit Public Ablution 6,2km Village Concrete Road 3unit Government Office 1,200m2 Inpatient Puskesmas 174m & 150m Hanging Bridges 1,723m3 River Gabion 900m2 Grand Mosque Supporting the community in the provision of basic infrastructure needs and improve the standard of living

19 Clean Water Village roads & bridges

20 12Farmer Group Paddy Rice Devp. 3fruit demplot Papaya, Pineapple, Watermelon 6village Horticulture with KWT 3village Fishery Development 37 PTAR Contractor & Supplier 2unit Locally-owned Retailer Bagasta & Sahata Organic Farming Method Capacity Building Programs Increase community income through the creation of new business opportunities; increase capacity and productivity of the SMEs, farmers and fishermen

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22 Safety LTIFR: 0.34 (per million man hours) TRIFR: 3.39 (per million man hours) Environment compliant Community strong support Government all permits in place Au sold 302k ozs MIP program success Unit Costs AISC* : $503/oz *(All In Sustaining Costs, World Gold Council)

23 OPERATIONS Tonnes Milled (Mt) Gold Sold (Kozs) Silver Sold (Kozs) 1,464 2,118 2,568 FINANCIAL - USD AISC $/oz $799 $700 $503

24 Mine Mine Productivity improved efficiency and productivity rates Fleet options study bigger trucks, larger excavators Mine to Mill Drill & Blast fragmentation, size Secondary crushing Process Plant SAG productivity operating parameters, speed, charge, weight SAG liners, discharge grates Pebble crusher Availability Costs Power Supply costs Overheads Efficiency, Productivity, Cost Reduction, Increased Revenue

25 Optimising grinding circuit Energy cost reduction Debottlenecking Process Plant 5mtpa Mine Fleet Optimisation

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27 Resources (Moz Au) Reserves (Moz Au) (public reported Resource) Gold in ore milled ( ) Total at ore milled Total change Resources = metal in the ground Reserves = economic assessment of Resources Moz Au = millions of ounces of gold

28 Exploration 3-4 km south of Martabe in January located a new cluster of deposits. TSF Barani Horas Resource Targets to be assessed Includes a new 1km long undrilled target at Horas South. Drilling planned. Horas South Batangtoru River Oxide pods being drilled at Horas West. Barani Reserve Targets to be assessed Other areas identified for surface follow up. Targets to be assessed Horas South

29 Baringin Uluala Hulu Drill hole locations Background geophysics resistivity Ramba Joring Tor Uluala Eastern Contact Zone Multiple early stage targets to be drill tested. Undrilled extensions to known Resources. Ongoing conversion of Resources into Reserves. Purnama Barani In mine exploration and infill has expanded the Reserve tonnes and increased average grade, and is predicted to continue doing so. Partodungan Horas Cluster Horas Ongoing projects for high grade underground extensions and refractory processing.

30 The Martabe COW consists of 1639km 2 of the highly prospective Sumatra belt 130km strike length along the belt covering multiple project areas Multiple targets remain to be drill tested Includes a mix of gold-silver and porphyry copper-gold targets

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32 1. Sustainable Development Strengthening social license with local community 2. Optimising costs MIP Program efficiency, productivity, ounces = Cash Margin Mine, Mill, Power, Major Contracts, Overheads 3. Optimising capacity Optimising mine fleet Optimising grinding circuit Debottlenecking the process plant (existing assets) 4. Growth through exploration Extend current mine line and utilise existing assets and infrastructure Extensions to existing deposits Near mine targets Contract of Work targets

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