Why Invest?

Why invest in Shanta Gold?

Shanta Gold is an established, low-cost, producing gold company engaged in mining and exploration projects in highly prospective, under-explored areas of Tanzania - with a consistent annual production of 80,000-88,000 oz of gold since 2014

Experienced Management Team

• The Board of Directors & Senior Management team have extensive mining experience with technical, operational and financial experience
• A senior local team that includes Tanzanian nationals in General Manager roles at both major assets with over 20 years of experience of gold mining in Africa
• Previous Management Team experience includes: UBS Investment Bank, Accenture, Berkeley Resources, Rio Tinto, and Anglo American
• Chairman of SMCL - Romani Urasa is a Tanzanian national with over 40 years of experience and developed strong relationships within Tanzania and other countries in East Africa while working with the United Nations
• Head of Government Relations and Country Affairs - Calvin Mlingi is a Tanzanian trained lawyer who supports and strengthens the Company’s relations with the local and national Government

The Assets

New Luika Gold Mine

• The lowest cost, high grade gold producing assets within Tanzania’s Lupa Goldfields
• Consistent production of at least 80,000 oz of gold annually since 2014
• Defined reserves of 514,000 oz
• Lowest quartile cost position globally - cash costs and All In Sustaining Costs estimated at average $577/oz and $775/oz
• The transition to underground mining at New Luika is almost complete focussing on increased production

Singida

• An advanced stage gold project, with three mining licenses, in central Tanzania
• Decision on future investment in Singida, JORC compliant resource of 728koz announced in Q4 2017
• Exploration programme planned for H1 2018

Gold & Tanzania

• Shanta’s gold production has a reputation of high grade (4.4g per tonne – Sept 2017)
• An increase in mining royalties implemented by the Government from 4% to 6%, - offset by a cost reduction program targeting US$5.0m of annual savings
• No effect from the export of gold concentrate from Tanzanian Government -  Shanta only produces refined gold doré
• Shanta has an excellent track record of positive engagement with national and local governments as well as local communities. This has included the ongoing construction of numerous farms in the local area in collaboration with ETG
• Shanta believes demand for gold is likely to remain strong in the short, medium, and long term:
  • Gold has an enduring appeal to investors as it is used to manage risk in a large number of investment portfolios
  • Additionally, gold has a range of industrial uses including jewellery manufacture and in various medical applications

The Future

• Significant initiatives focussing on delivery and productivity for the future:
  • Ramp up of underground mining at New Luika Gold Mine
  • Vigorous cost reductions, reprioritising capital expenditure and ongoing operational improvement
  • Highly prospective exploration with identified targets at Singida and around the NLGM
• Significant exploration and development programme:
  • 824,000 oz outside the mine plan of which 683,000 oz sits within the mining licences
  • Potential to explore an area of 1,300 km² of prospective exploration
• Successful identification of further mine exploration has the potential to provide new sources