Lipari Mining

Lipari Mining is South America’s leading diamond producer, with a track record of successful operations at the Braúna diamond mine in Brazil, which has produced over 1.24M carats to date. Lipari is now applying its expertise to advance the highly prospective Tchitengo Diamond Project in Angola, marking the next phase of growth for the Company.

The Company is committed to environmentally responsible mining practices. Lipari’s Braúna mine is the only diamond mine in the world that recycles nearly 100% of the water used in ore processing, producing a dry tailings product which has potential as a soil remineralizer for the agricultural industry. Lipari’s shares are listed for trading on the CBOE Canada exchange and trade under the symbol “LML”, and the Frankfurt Stock Exchange under the symbol “0Y90

Management Profile

Ken Johnson, President & CEO

Ken was instrumental in the acquisition, financing, and development of the Braúna diamond mine—Brazil’s largest diamond producer and South America’s first kimberlite-based diamond mine. With almost 40 years of mining industry experience, he is recognized as one of Brazil’s leading diamond experts. He holds a B.Sc. (Honors) in Geology from the University of Windsor, Canada, and has specialized certification in the grading and valuation of rough natural diamonds.

Wes Roberts, Vice President, Business Development

Wes is a professional mining engineer with 40 years of experience in mineral deposit evaluation, corporate M&A, due diligence, and royalty agreements. Prior to his current position with Lipari, Wes held the position of CEO of Golden Share Resources Corporation. He has also held senior roles at Breakwater Resources, Heenan Blaikie, and Dorsey & Whitney, advising merchant banks and industry stakeholders. Since 2011, he has represented Inuit Regional Associations in Nunavut and First Nations in Ontario in land access and royalty negotiations with major mining companies.

What is your rationale for taking part in 121 Mining Investment?

We would like to meet institutional and retail investors who are interested in a growth stock. Lipari is a natural diamond producer from its Brauna mine in Brazil and is looking to grow its production 10X through the development of the Tchiuzo diamond deposit in NE Angola. The Tchiuzo deposit was advanced to the feasibility stage of development by ALROSA back in 2013, and Lipari is currently working to update that feasibility study so that the deposit can be advanced to production by the end of 2028. The Tchiuzo deposit has potential to produce 1.4M carats of high quality diamonds from an open pit mining operation with a projected life-of-mine of 14 years. We are looking to complete a CA$10M equity financing to fund this update of the feasbility study.

What recent news would you like to highlight to investors attending?

October - Lipari Mining Advances Tchiuzo Project with Loan Financing and Kimberlite Plant Acquisition

What are your key goals for the next 3, 6 and 12 months?

3 Months

Ship and install kimberlite processing plant on the Tchitengo property and start up of bulk sampling/trial mining operations at the Tchiuzo kimberlite.

6 Months

Initial results of the bulk sampling/trial mining operations at the Tchiuzo kimberlite

12 Months

Completion of the trial mining and update of the feasibility study on the Tchiuzo kimberlite

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Key risk and challenge is the US tariffs on India which has impacted the demand for natural diamonds because most of the world's diamond production is manufactured (polished) in India and approximately 60% of India's polished diamonds are sold into the USA. Once the tariff issue is resolved, demand for natural diamonds is expected to rebound and continue its previous trend of growth at an annual rate of 5%

What do you think makes your company such a compelling investment?

De-risked project in Angola. The Tchiuzo kimberlite has previously been advanced to the feasibility stage of development after having US$35.6M spent on exploration and development. The project hosts a mineral resource containing 23.3 M carats of natural diamonds, exploitable by open pit mining methods.

What are the top 3 key investor takeaways?

1. De-risked development asset in Angola with strong economics and short development time-line

2. Experienced management with a proven track-record of diamond mine development

3. Exposure to Angola which is the premier location for diamond investment as evidenced by the return of diamond giants De Beers and Rio Tinto.