African Consolidated Resources Plc TAKING FIRST MOVER ADVANTAGE

African Consolidated Resources Plc TAKING FIRST MOVER ADVANTAGE of mining & exploration opportunities arising in Zimbabwe The Board: § Peter Vanderspuy Chairman Elect § Andrew Cranswick M. D. § Ian Fisher Executive Director § Roy Tucker Financial Director § Stu Bottomley Non-exec Director § Mike Kellow Tech Director ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Key Investors § § § Fidelity GLG Global Fund RAB Energy Henderson Global Investments J O Hambro Golden Prospect § No current black empowerment laws in Zimbabwe although ACR takes best practice approach and has large local investment ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc The Strategy § Acquire assets with significant upside & in-ground resources at significant discount (~$5 per oz Au) § Consolidation of proximal, prospective ground – achieving critical mass § A risk-managed approach using in depth country knowledge to bring a conveyor belt of projects of varying mineral types on line § Utilise state-of-the-art exploration techniques & technology never applied to Zimbabwe geology. § Maximise First Mover Advantage by pursuing emerging, multi-mineral opportunities ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Opportunities in Zimbabwe have the potential to build a larger resource than normal due to its perceived risk profile Why Zimbabwe? ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Zimbabwe: Sovereign Risk Profile Political risk vs. Opportunity Companies operating / exploring in Zimbabwe : • Zimplats (Impala Platinum) • Aquarius Platinum • Anglo-American • Rio Tinto The perceived risk has created numerous opportunities! Zimplats share performance March 05 to March 06 (red line) ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Geological Profile Clear Opportunity Calls Zimbabwe Craton: - Archaean granite-greenstone terrane similar to Western Australia & Canada. The quality of the geological land projects available is of a huge advantage when on the acquisition trail Hundreds of years of mining history. Very little use of modern, proven exploration techniques applied for past 30 years! ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Greenstone Production Comparison 9 Moz Gold production per annum – Yilgarn Greenstone Belt (WA) vs Zimbabwe Greenstone belts 8 Moz 7 Moz Zimbabwe Yilgarn Potential ? ? ? 5 Moz 4 Moz 3 Moz 2 Moz Gold price 2005 1995 1985 1 Moz 1975 Ounce Au / pa 6 Moz Year ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc New Discoveries Kalgoorlie 1975 - 2002 N New discoveries in Archaean greenstone belts in the last 20 years include: Golden Mile § Kanowna Belle (Western Australia) (+10 MOz), § Red Lake Deeps (Ontario) (+8 MOz), § Sunrise Dam (Western Australia) (+6 MOz) In the past 25 years the number of deposits with >1 Moz Au within 70 km of Kalgoorlie increased from 1 to 10 due to modern exploration techniques. LACK OF EXPLORATION in Zimbabwe = ZERO Large Discoveries 20 km Kalgoorlie Region 1975 vs 2002 (red > 1 Moz) ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc W. Australia - Zimbabwe Comparison N Golden Mile Giant Dalny Harare Pickstone & Peerless Gokwe Cam & Motor One Step Kwekwe Globe & Phoenix Great Dyke Wanderer N 20 km 30 km Kalgoorlie Region 1975 vs. 2002 (red > 1 Moz) Midlands Greenstone belt (red > 300 K Oz, black >1 Moz) ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc New Exploration Techniques § Rapid compilation of historical data into 3 D digital databases § Sophisticated processing of geochemical, geophysical and remote sensing data § Integration of modern ideas into interpretations and 3 D geological models § Application of state-of-the-art targeting methods: • 2 D / 3 D Weights of Evidence • 2 D / 3 D Monte Carlo-Probabilistic Targeting • Looking at old data with new eyes *The Geoinformatics process was developed by Geoinformatics Exploration Inc. and has been applied worldwide. ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Projects Current project inventory: • Pickstone/Peerless; 484, 500 JORC Oz Au. Target > 1. 5 Moz Pittable; > 3 Moz including U/ground • Giant mine & Gadzima Schist Belt; 336, 000 JORC Oz Au. Target > 1 Moz Pittable • One Step / Challenge (possible Rio Tinto Zimbabwe JV) Au … Target pending • Snakes Head project (Gt Dyke) – PGE (Cr). Potential 20 -30 Moz PGE resource. • Chewore project – Ni-Cr (PGE ? ) Largely unexplored ultramafic complex. • Perseverance Mine and surrounding ground – Ni. Old Rio Tinto mine 1. 01% Ni indications from electro magnetics show large areas of potential April 2006 Resource - 820, 500 Oz Au (JORC) --- Anticipated Dec 2006 – 1 m Oz Au ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc ACR Project Pipeline The strategy underlying ACR' development and growth is shown by the Value-Project Pyramid, which ensures a continuous stream of mines for the future…. . Bankable (JORC) Resources and Feasibility Pickstone / Peerless Mines Increased Wealth Greater Value Giant Mine New Reserves Rapidly increasing Resource Base Spin-off Opportunities Giant Mine Extensions Virgin Discoveries Current research into exploration risk-management at Macquarie University has modelled that each step increases value by 10 times. ACR – Future Mining Company Midlands Greenstone Belt Regional Exploration Pickstone / Peerless Extensions Chegutu / Gadzema Belts Regional Exploration One Step / Challenge New Resources Snakes Head (Gt Dyke) / Chewore PGE / Ni / Cu/ Cr New Horizons Exploration, Resources, Research, Acquisition – Adding value at all stages ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Highlight Intersections at Pickstone-Peerless 20 m 4. 16 g/t Peerless 16 m 3. 87 g/t Peerless 5 m 15. 94 g/t Peerless 18 m 2. 42 g/t Pickstone - Concession Hill including 13 m 5 m 12. 91 g/t 30. 37 g/t Pickstone - Concession Hill 12 m 7. 93 g/t Pickstone – Concession Hill 17 m 5. 00 g/t Pickstone – Duchess Hill TBA ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Timetable - continued Post IPO – 2006 • Start exploration at Chewore, Snakes Head, Perseverance and Manicaland • Develop One Step / Challenge project and Renco (soil sampling completed) • Assess potential of recent and future acquisitions • Peg tenements over new regional targets as they are generated • Commence construction of Pickstone Primary School – 7 class rooms, playing fields, basketball and tennis wall, bore for water and establish veg garden • Open Computer centre to teach the teachers to instruct pupils in IT Map - 11 ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Corporate Information – listed June 2006 AIM Issued Capital at IPO: - 190 million shares Raised GBP 4 m – June 2006 1 m Oz gold resource by year end 2006 5 Rigs in operation with high burn rate. Reducing burn in early 2007 then increasing again by mid 2007 Share Price range 8. 5 p – 13 p – Since listing (June ’ 06) ACR – Exploration, Mineral Resources, Research & Production

African Consolidated Resources Plc Contact ACR Andrew Cranswick – ancranswick@acrplc. com Ian Fisher – fishinn@bigpond. net. au Mike Kellow – mwkellow@acrplc. com Roy Tucker – royctucker@nettlesteadplace. co. uk ACR – Exploration, Mineral Resources, Research & Production