ZAMBEZI ENERGY CORPORATION LIMITADA Zambezi Coal Project Ncondezi Coal Project

Zambezi Coal Project

AIM LISTED VEHICLE
ZAMBEZI ENERGY CORPORATION
40%

Structure of ZEC

100%

NCONDEZI PROSPECTING LICENCES

ZEC PIPELINE PROJECTS: MCHUCHUMA LICENCES Other Coal Projects Oil and Gas Projects Exploration

Anchor Projects Ncondezi Coal

Other Coal

Oil and Gas

Exploration

Zambezi Coal Project

ZEC: Organogram

Non Executive Chairman

Financial Director

CEO

Technical Director

Country Manager

Project Director

Chief Geologist

Service Providers Drilling Mining Process Environment

Ncondezi Coal Project Zambezi Coal Project

The Ncondezi Coal Project is a large exploration target close to the Moatize Coal Project being Developed by Companhia Vale do Rio Doce (CVRD).

Summary of Work Completed during1980-1982 by Zambezi Project Swede Coal Coal Development AB
Part of Minjova Coal Exploration Programme;
Coal exploration initiative by Mozambique government in 1980s; For an area east of existing Moatize coal mine, between Moatize and the Malawian border, the Ncondezi licence covers 385 km2; Scope: investigating coal potential and the possibilities to produce both thermal and coking coal for export;

Drilling, logging and sampling; Analytical test work;

Ply and Composite analysis;

Geological mapping.

GeologyCoal of Ncondezi Zambezi Project

GeologyCoal of Ncondezi Zambezi Project

TenementCoal OwnersProject - Tete Zambezi

Tenement Holders Eastern Tete Zambezi Coal Project

Prospecting Right Area and Satellite Photograph

Zambezi Coal Project

Ncondezi Geology, Borehole Locations and Licence Zambezi Area Coal Project

Boreholes drilled at Ncondezi Zambezi Coal Project

Stratigraphic Columns from Ncondezi and Moatize

Zambezi Coal Project

Source: B. Cairncross, African Earth Science 33 (2001) 529-562

Stratigraphic Correlation of the Karoo Sediments in Southern Africa Zambezi Coal Project

X X X
X: where coal seam occurs

Historical Test Work Programme by Swede Coal Zambezi Coal Project

Test work procedures summary of details in the Swede Coal Report

Washability Curves of Boreholes drilled in the vicinity Coal of Ncondezi Zambezi Project
% Cumulative Float vs RD 0.5mm*10mm
100.0 90.0 80.0 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 1.2 1.4 1.6 RD % Cum Float. FS 001, S1 % Cum Float. FS 001, S3 % Cum Float. FS 002, S2 % Cum Float. Moatize 0.5MM*20mm % Cum Float. FS 001, S2 % Cum Float. FS 002, S1 % Cum Float. FS 002, S3

% Cumulative Float

33

1.8

2.0

2.2

Exploration Results and Tonnage Estimates for Ncondezi Zambezi Coal Project

Note: This was historical information reported in 1982 and is not SAMREC compliant

Coal Classification Zambezi Coal Project

Comparison of the South African and Mozambique

Zambezi Coal coal fields Project

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 COAL FIELD/MINE TONS (RESERVES) Highveld 9,821,103,433 Witbank 9,370,464,898 Ermelo 4,444,010,747 Chicoa-Mucaha-Vuzi 3,633,000,000 Moatize-Minjova 2,400,000,000 Vereniging 1,805,472,853 Waterberg 846,142,103 Grootegeluk 773,000,000 South Rand 715,448,849 Uitrecht 540,653,553 Kliprivier 536,812,660 NCONDEZI 450,000,000 Optimum 314,000,000 Muacadzi 300,000,000 Sanangoe-Mefideze 300,000,000 Chirodeze 300,000,000 Khutala 299,000,000 Middelburg 292,000,000 Southpansberg 259,304,059 Lunho Basin 233,000,000 Leeuwpan 159,000,000 Kangwane 146,387,365 Vryheid 104,088,762 Douglas 97,000,000 Macaa Itula Basin 40,000,000 Inyanda 14,600,000 Koornfontein 10,000,000 Nongoma 9,751,028 Tshikondeni 7,100,000 ZAC 2,000,000 Mozambique South Africa Ingwe Mines Kumba

Value Growth and Coal Resource Value in

Zambezi Coal Project Comparison

Investment Driver: Coking Coal - World Supply (2010)

Zambezi Coal Project

View (Barlow Jonker): Supply Tight

Mozambique: Strategically located to service Brazil, Europe, China and India

Investment Driver: Mozambique: Well-Positioned as anZambezi Emerging SADC Power Corridor Coal Project

Mozambique: List of Major Resource Projects

Zambezi Coal Project

Kenya Uganda D.R.C.
CVRD Moatize Coal Project $1 billion Feasability Study

Cameroon
- Tazara Development Corridor - Nacala Development Corridor - Beira Development Corridor - Mauritius Development Corridor

Gabon

Congo

Rwanda Burundi Tanzania

- Malane Development Corridor - Benguela Development Corridor - Namibe Development Corridor

Angola Malawi Zambia

Nkondezi Coal Project

Moma Heavy Sands: Zircon, Rutile, Ilmenite

Madagascar

Mozambique Zimbabwe
Sasol Tamane Gas Field & pipeline $1.7 billion In operation since 2004 - Phalaborwa Secondary Corridor

Namibia
- Trans-Kalahari Transport Corridor - Rustenburg SDI - West Coast Investment Initiative

Botswana

Limpopo Corridor Sands: Titanium

Atlantic Ocean

South Africa

Mozal Aluminium Smelter $2.3 billion In operation since 2000

- Maputo Development Corridor - Lubombo SDI - Kwazulu Natal SDI - Wild Coast SDI - Fish River SDI

Indian Ocean
300 0 300 600km

SCALE:

Map Source: World Bank

Mozambique: RegionalCoal Logistics and Infrastructure Zambezi Project

The Ncondezi Camp is +/- 42 km east of Tete; Access to Tete via paved highway Estrada Nacional 103; Access to exploration camp site by dirt road and bulldozed truck; Nearest port: Beira; Tete-Beira distance: 428 Km; Moatise, 17km passes

Nearest Town: North of Tete;

Beira-Moatize railway close to Necungas camp; Tete has an airport;

Sena railway line linking Moatize area to ports of Beira and Nacala is concessioned to Indian companies.

Mozambique: Large Unexplored World Class Coal Zambezi Coal Project Deposits
Niassa Province; Metangula 720 Km2; 228 Mt Coal.

Tete Province: Karoo Sedments: 15.8 billion tons;

Moatize-Minjova Basin (Tete) 12Bt (200KM2); Moatize subbasin 2.4 Bt; Ncondezi 24000 ha;

CVRD Moztise Project - 23780 ha;

Mucanha-Vusi Basin (northern shore of Cabora Bassa) 3.6 billion tons; Central Africa Mining & Explorations licenses cover entire basin except parts held by CVRD; CVRD: 20260 ha.

Monica Province: Espungaberg: 4 Km2.

Mozambique Foreign Zambezi Coal Investments Project

Investment by Province
Maputo and Maputo City 59%

Nampula 8% Inhambane 4% Tete 8% Gabo Delgado 9% Zambezia 2%

Niassa 6%

Manica 4%

Top 10 Foreign Direct Investment by Country

Tanzania Swiss Mauritius Zimbabwe Malawi Yugoslavia Portugal India UK South Africa 0 10,000,000 20,000,000 30,000,000 US$ 40,000,000 50,000,000 60,000,000