OUR BUSINESS

Africa Resources AB (publ) is a company focusing on exploration and extraction of minerals in Africa. The company is developing projects based on collaborations with local expertise and partners.

OUR MISSION

To grow a platform for sustainable operations in Africa within exploration and exploitation of geo resources.

AFRICA RESOURCES AT PRESENT:

75% ownership of diamond concession 674 in the Democratic Republic of Congo (DRC).
Independently verified inferred resource of >2.4 million carats
Partner agreement on neighbouring concession 665 along the Tshikapa River in DRC.
About 4,000 shareholders.
Carried out exploration through resistivity analysis mapping the river bed within the concessions during autumn 2016

OPERATIONS

Below follows an overview on the company's operations:

PROJECT TSHIKAPA RIVER; PERMIT 674

The company is the 75% owner of license 674 in the south eastern part of DRC, close to the Angolan boarder. The minority holder of 25% is a local diamond producer that operated the Tshikapa area since the 90's. The project is located in one of the most diamondiferrous areas in the world and includes the Tshikapa River flowing through the concession area from south to north.

License in summary:

36 km2
Inferred diamond resource of > 2.4 million carat (NI 43-101 compliant)
Estimated volume of gravel: 9,933,000 m3 (NI 43-101 compliant)
Tshikapa River is flowing through the concession from south to north, the river originates from the diamond rich areas of Lunda Norte in northern Angola, passing a number of big diamond deposits and producing mines along its stream

The concession has been explored and documented historically by fomer owner involving historical investments in exploration, resource estimate documentation, infrastructure and camp facilities.

PROJECT TSHIKAPA RIVER: PERMIT 665

The company has a contract with the owner of the license granting Africa Resources the right to produce diamonds from targets derived as a result of exploration carried out by Africa Resources on the riverbed. The license is located adjacent to above license 674 and contains diamonds. The license has produced large quantities of diamonds during periods based on dredging operations of the Tshikapa River. Experienced grades based on river bed gravel averaged 88 ct/ton during an independently monitored and verified dredging operation in 2012.

Africa Resources has, in addition, a 20% profit share of diamonds produced by the local partner on targets identified by Africa Resources exploration activities.

License in summary:

8 km2
Inferred diamond resource of 988 thousand carat (NI 43-101 compliant)
Estimated volume of gravel: 6,594,000 m3 (NI 43-101 compliant)
Tshikapa River is flowing through the concession from south to north, the river originates from the the diamond rich areas of Lunda Norte in northern Angola, flowing through a number of big diamond deposits and producing mines

SOCIAL RESPONSIBILITY

BEING RESPONSIBLE ACCORDING TO AFRICA RESOURCES

The company is convinced that the best way to help and contribute to the local communities, and to the underdeveloped areas of operations in Africa in general, is to create and provide work for local people. To create employment opportunities in areas where work is hard to find for local competence makes a difference. For real. Educate people to educate in their turn, colleagues, neighbours. relatives etc is a big step forward towards human development. That is in many cases what these areas lack. People need to feel responsible and important in creating their own future. Paying salaries to local employees resulting in a possibility to support for their families develops the human to feel important and responsible. To provide capital in the local economy is the best way to help people and the communities in which Africa Resources is operating.

Africa Resources is working with local people, local management, aiming to nurture the local development and local drive. This is important for the people involved in Afrcia Resources.

MANAGEMENT

Thomas Häggkvist - CEO/CFO

Thomas Häggkvist has previously worked as CEO and CFO of the listed mineral companies Lappland Goldminers AB and Nickel Mountain Group AB; Business Area Manager and CFO within ISS Facility Services Group, project manager at Fischer Partners Corporate Finance and Nordea. Thomas has worked with exploration and extraction of natural resources in a number of countries in Africa since 2006. Häggkvist has a master's degree in finance from the University of Stockholm.

LEDNING (svenska)

Thomas Häggkvist VD/CFO

Thomas Häggkvist har tidigare arbetat son VD och finanschef för de noterade mineralbolagen Lappland Goldminers AB och Nickel Mountain Group AB; Region Chef of Finanschef inom ISS Facility Services Koncernen, projektledare på Fischer Partners Fondkommission Corporate Finance och på Nordea. Thomas har arbetat med prospekterings och utvinning av råvaror i ett olika länder i Afrika sedan 2006. Häggkvist har en magisterexamen i finansiell företagsekonomi från Stockholms Universitet.

Aktieägande i Africa Resources: 693 521

THE BOARD OF DIRECTORS

Per weithz - Chairman of the board

Per is an entrepreneur and investor in logistics, renewable energy and raw materials. Is a commercial pilot by profession, has experience of Africa through his profession and has previously sat on the board of listed companies in the development of mineral projects and sits on the board of several development companies in the early stages.Shareholdings in Africa Resources: -

Shareholdings in Africa Resources: -

Thomas Häggkvist - director

Shareholdings in Africa Resources: 693 521

Henrik Tingström - director

Henrik was born in 1998 and is a Swedish/Norwegian entrepreneur and geologist with several years of experience from Stockholm growth companies, corporate strategic, financial advice from London, as well as production-related assignments in energy and mining along the coast of Norway. Geological assignments have concerned deep-sea minerals in the Greenland Sea.

Shareholdings in Africa Resources: -

STYRELSE (SVENSKA)

Per weithz - styrelsens ordförande

Per är entreprenör och investerare inom logistik, förnybar energi och råvaror. Är trafikflygare till yrket, har erfarenhet av Afrika genom sitt yrke och har tidigare suttit med i styrelsen i noterade bolag inom utveckling av mineralprojekt samt sitter i styrelsen i ett flertal utvecklingsbolag i tidiga skeden.

Aktieägande i Africa Resources: -

THOMAS HÄGGKVIST – LEDAMOT

Aktieägande i Africa Resources: 693 521

henrik tingström - LEDAMOT

Henrik är född 1998 och är en svensk/norsk entreprenör och geolog med flerårig erfarenhet ifrån Stockholms tillväxtbolag, bolagsstrategisk, finansiell rådgivning ifrån London, såväl produktionsrelaterade uppdrag inom energi och gruvdrift längs kusten i Norge. Geologiska uppdrag har berört djuphavsmineral på Grönlandshavet.