FLOTATION TEST PRODUCT

MASS PULL

COPPER IN CONCENTRATE

SILVER IN CONCENTRATE

FLOTATION TEST PRODUCT

Assay

Recovery

Assay

Recovery

FLOTATION TEST PRODUCT

(%)

(%)

(%)

(ppm)

(%)

Cleaner Concentrate

5.32

38.55

96.57

758

85.92

Cleaner Concentrate

5.74

35.88

96.95

709

86.61

Cleaner Concentrate

6.40

32.29

97.25

641

87.30

Cleaner Concentrate

7.61

27.20

97.53

542

87.97

Cleaner Concentrate

9.41

22.08

97.78

442

88.62

Total Resources @ 1.0% Cu cut-off

JORC Category

Tonnes

Cu%

Ag g/t

CuEq%

Cu

Tonnes

Ag

Ounces

Measured

518,000

1.93

48.8

2.37

10,000

813,000

Indicated

1,726,000

1.87

48.0

2.30

32,280

2,660,000

Inferred

433,000

2.52

57.4

3.03

10,900

800,000

Total

2,677,000

2.00

50.0

2.44

53,180

4,273,000

JORC Code Assessment Criteria

Comments

Sampling Techniques

 Drill core is logged, split by sawing and sampled by MOD personnel at site. The saw blade is cleaned after each core box, by cutting an unmineralised clay brick to reduce the chance

for contamination.

 Diamond drill core sampled are assayed at 1 metre lengths from half core, or less, as dictated by lithological contacts, and assayed for Ag and Cu at Set Point laboratories in Isando, Johannesburg.

 > 10% Standards, blanks and duplicates are inserted into the sample stream for core on site.

 The remaining half portion of drill core is retained on site at

MOD's core logging facility in Ghanzi, Botswana.

Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

Aspects of the determination of mineralisation that are Material to the Public Report. In cases where

'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling

was used to obtain 1 m samples from which 3 kg

was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

 Drill core is logged, split by sawing and sampled by MOD personnel at site. The saw blade is cleaned after each core box, by cutting an unmineralised clay brick to reduce the chance

for contamination.

 Diamond drill core sampled are assayed at 1 metre lengths from half core, or less, as dictated by lithological contacts, and assayed for Ag and Cu at Set Point laboratories in Isando, Johannesburg.

 > 10% Standards, blanks and duplicates are inserted into the sample stream for core on site.

 The remaining half portion of drill core is retained on site at

MOD's core logging facility in Ghanzi, Botswana.

Drilling Techniques

 The drilling results referred to in this release were drilled by diamond core drilling rigs.

 HQ3 diameter drill core was drilled for the shallow drill holes and NQ for the deeper drill holes at Mahumo.

Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.), and details (e.g. core diameter, triple or standard tube, depth of diamond tails,

face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).

 The drilling results referred to in this release were drilled by diamond core drilling rigs.

 HQ3 diameter drill core was drilled for the shallow drill holes and NQ for the deeper drill holes at Mahumo.

Drill Sample Recovery

 Diamond drilling recorded recovery. Core recovery was good

 Triple tube drilling was used for the shallow drill holes to maximise core recovery in oxidized sediments

 Drill core was sampled in 1m intervals or as appropriate to align with the geological contacts

Method of recording and assessing core and chip sample recoveries and results assessed.

Measures taken to maximise sample recovery and ensure representative nature of the samples.

Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

 Diamond drilling recorded recovery. Core recovery was good

 Triple tube drilling was used for the shallow drill holes to maximise core recovery in oxidized sediments

 Drill core was sampled in 1m intervals or as appropriate to align with the geological contacts

Sub-Sampling Techniques and Sample

Preparation

 All diamond core samples for the drill hole intersections were taken as half core samples.

 MOD took photos of all core samples on site.

 MOD has implemented an industry-standard QA/QC program.

Drill core is logged, split by sawing and sampled at site. Samples are bagged, labelled, sealed and shipped to the Set

If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc., and whether sampled wet or dry.

 All diamond core samples for the drill hole intersections were taken as half core samples.

 MOD took photos of all core samples on site.

 MOD has implemented an industry-standard QA/QC program.

Drill core is logged, split by sawing and sampled at site. Samples are bagged, labelled, sealed and shipped to the Set

JORC Code Assessment Criteria

Comments

For all sample types, the nature, quality and appropriateness of the sample preparation technique.

Quality control procedures adopted for all

sub-sampling stages to maximise representivity of samples.

Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

Whether sample sizes are appropriate to the grain size of the material being sampled.

Point prep- laboratories in Francistown, Botswana, by the project manager.

 Samples arriving at the lab are crushed using a jaw crusher or terminator to a particle size less than15 mm. The resulting chips are further crushed in a Rhino crusher to a fineness of

80% less than 2.0 mm. The total mass of sample crushed is screened at 2.0mm to check crushing efficiency.

 If the sample requires splitting, samples are split using a Jones riffle splitter. The split to be analysed is placed into a new sample bag with a clearly marked label or sample tag.

The remainder of the sample (coarse reject) is returned to the original sample bag to be returned to the client.

 The split for analysis is milled to achieve a fineness of 90% less than 106 µm (or a fineness of 80 % passing 75 µm to comply with certain clients requirements). After milling, the

contents of the bowl is emptied onto a brown paper sheet or clean sample dish then transferred into its sample bag.

Quality of Assay Data and Laboratory Tests

 All samples are prepped at the Set Point prep-lab in Francistown, Botswana. From there the pulps are transported by the Prep-Lab Manager, Mr. Willy Mchunu, to the Set Point assay labs in Isando, Johannesburg.

 Analytical techniques have been chosen to best characterize total and non-sulphide copper and silver mineralization. The following methods are utilized;

(i) Analysis for non-sulphide Cu by: M449 - The Determination of Copper by sulphuric acid leach followed by ICP-OES finish:

PROCEDURE: One gram of pulp material is digested using a dilute solution of sulphuric acid and sodium sulphite and made up to a volume of 100ml. The resulting solutions are analysed for copper, nickel, cobalt and other base metals by the technique of ICP-OES (Inductively Coupled Plasma - Optical Emission Spectrometry).

REPORTING: For the method (M449), a detection limit of

(ii) Analysis for Cu and Ag by determination of Silver and

Copper by 3 acid digest followed by ICP-OES finish: PROCEDURE: One gram of pulp material is digested using a combination of three acids (HNO3, HClO4 and HCl) and made up to a volume of 100ml. The resulting solutions are analysed for metals by the technique of ICP-OES (Inductively Coupled Plasma - Optical Emission Spectrometry).

REPORTING: A detection limit of

>10ppm are reported with no decimals and when the midpoint (5) between rounded off values is reached the number is rounded up. Below the midpoint, the number is rounded down.

 Currently all core samples are analyzed for total and acid soluble Cu.

 All reported results are down hole widths.

The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument

make and model, reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.

 All samples are prepped at the Set Point prep-lab in Francistown, Botswana. From there the pulps are transported by the Prep-Lab Manager, Mr. Willy Mchunu, to the Set Point assay labs in Isando, Johannesburg.

 Analytical techniques have been chosen to best characterize total and non-sulphide copper and silver mineralization. The following methods are utilized;

(i) Analysis for non-sulphide Cu by: M449 - The Determination of Copper by sulphuric acid leach followed by ICP-OES finish:

PROCEDURE: One gram of pulp material is digested using a dilute solution of sulphuric acid and sodium sulphite and made up to a volume of 100ml. The resulting solutions are analysed for copper, nickel, cobalt and other base metals by the technique of ICP-OES (Inductively Coupled Plasma - Optical Emission Spectrometry).

REPORTING: For the method (M449), a detection limit of

(ii) Analysis for Cu and Ag by determination of Silver and

Copper by 3 acid digest followed by ICP-OES finish: PROCEDURE: One gram of pulp material is digested using a combination of three acids (HNO3, HClO4 and HCl) and made up to a volume of 100ml. The resulting solutions are analysed for metals by the technique of ICP-OES (Inductively Coupled Plasma - Optical Emission Spectrometry).

REPORTING: A detection limit of

>10ppm are reported with no decimals and when the midpoint (5) between rounded off values is reached the number is rounded up. Below the midpoint, the number is rounded down.

 Currently all core samples are analyzed for total and acid soluble Cu.

 All reported results are down hole widths.

JORC Code Assessment Criteria

Comments

Verification of Sampling and Assaying

 15-20% QA/QC checks are inserted in the sample stream, as lab standards, blanks and duplicates.

 Calculation of copper equivalent value (copper plus silver)

based on the reported assay data was carried out using a formula consistent with another significant copper producer in the Kalahari Copper Belt: CuEq% = Cu% + (Ag g/t * 0.009)

 The accuracy and precision for all the QAQC results are considered acceptable.

The verification of significant intersections by either independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

Discuss any adjustment to assay data.

 15-20% QA/QC checks are inserted in the sample stream, as lab standards, blanks and duplicates.

 Calculation of copper equivalent value (copper plus silver)

based on the reported assay data was carried out using a formula consistent with another significant copper producer in the Kalahari Copper Belt: CuEq% = Cu% + (Ag g/t * 0.009)

 The accuracy and precision for all the QAQC results are considered acceptable.

Location of Data Points

 The collar coordinates of the drill holes referred to in this release were announced on 25 March 2015.

 Surveys were carried out under the supervision of Peter Whitfield, using a Trimble 5800 Dual frequency GPS surveying system.

 Both survey were carried out using the Gauss Transverse Mercator Projection system on the Botswana datum with central meridian Lo23 degrees. This system uses 2 degree belts on the odd numbers of longitude in degrees. The values were then converted through the Trimble Geomatics Office software to the Universal Transverse Mercator Projection system (UTM) on the WGS84 system used by the client.

 Down hole surveys are taken by a DeviFlex non-magnetic electronic multishot surveying tool, inside casings and drill strings by using the wireline system. Magnetic disturbances will not influence the tool.

Accuracy and quality of surveys used to locate drill holes (collar and downhole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

 The collar coordinates of the drill holes referred to in this release were announced on 25 March 2015.

 Surveys were carried out under the supervision of Peter Whitfield, using a Trimble 5800 Dual frequency GPS surveying system.

 Both survey were carried out using the Gauss Transverse Mercator Projection system on the Botswana datum with central meridian Lo23 degrees. This system uses 2 degree belts on the odd numbers of longitude in degrees. The values were then converted through the Trimble Geomatics Office software to the Universal Transverse Mercator Projection system (UTM) on the WGS84 system used by the client.

 Down hole surveys are taken by a DeviFlex non-magnetic electronic multishot surveying tool, inside casings and drill strings by using the wireline system. Magnetic disturbances will not influence the tool.

Data Spacing and Distribution

 Samples of half core for assaying were generally taken at 1m intervals or adjusted to geological contacts as deemed appropriate by on site geologists.

 Samples of mineralised drill core for metallurgical test work were composited from different intersections from within sulphide domains in the resource

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.

 Samples of half core for assaying were generally taken at 1m intervals or adjusted to geological contacts as deemed appropriate by on site geologists.

 Samples of mineralised drill core for metallurgical test work were composited from different intersections from within sulphide domains in the resource

Orientation of Data in Relation to Geological

Structure

 All shallow drillholes drilled at -60 degrees inclination with azimuth perpendicular to the interpreted strike of the mineralized contact.

 As copper and silver mineralization occurs in veins and disseminations approximately parallel to the mineralised contact there is no apparent sampling bias in the orientation of drill holes.

 Shallow drill holes were HQ3 core to increase the sample volume to reduce any sample bias.

Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

 All shallow drillholes drilled at -60 degrees inclination with azimuth perpendicular to the interpreted strike of the mineralized contact.

 As copper and silver mineralization occurs in veins and disseminations approximately parallel to the mineralised contact there is no apparent sampling bias in the orientation of drill holes.

 Shallow drill holes were HQ3 core to increase the sample volume to reduce any sample bias.

Sample Security

 Sample bags were tagged, logged and transported to Set Point prep-lab in Francistown, Botswana. From there pulps are transported by the Prep-Lab Manager, to Set Point assay labs in Johannesburg.

The measures taken to ensure sample security.

 Sample bags were tagged, logged and transported to Set Point prep-lab in Francistown, Botswana. From there pulps are transported by the Prep-Lab Manager, to Set Point assay labs in Johannesburg.

JORC Code Assessment Criteria

Comments

Audits and Reviews

 MOD's sampling procedure is done according to standard industry practice.

The results of any audits or reviews of sampling techniques and data.

 MOD's sampling procedure is done according to standard industry practice.

Mineral Tenement and Land Tenure Status

 All drilling was carried out on PL686/2009 which is a granted prospecting licence held by 100% by MOD Resources.

 MOD has been granted a two year extension of term expiring in September 2016 at which time MOD can apply for further extension or apply for a mining licence.

Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

 All drilling was carried out on PL686/2009 which is a granted prospecting licence held by 100% by MOD Resources.

 MOD has been granted a two year extension of term expiring in September 2016 at which time MOD can apply for further extension or apply for a mining licence.

Exploration Done by Other Parties

 MOD has conducted substantial drilling on the Mahumo deposit on PL686/2009 since the deposit was discovered by MOD Resources in 2011.

 A maiden Mineral Resource for the surrounding Corner K

deposit was announced by MOD in September 2012.

Acknowledgment and appraisal of exploration by other parties.

 MOD has conducted substantial drilling on the Mahumo deposit on PL686/2009 since the deposit was discovered by MOD Resources in 2011.

 A maiden Mineral Resource for the surrounding Corner K

deposit was announced by MOD in September 2012.

Geology

 The visible copper mineralization intersected in drill holes on PL686/2009 is interpreted to be a Proterozoic or early Palaeozoic age vein related sediment hosted occurrence similar to other known deposits and mines in the central Kalahari Copper Belt.

Deposit type, geological setting and style of mineralisation.

 The visible copper mineralization intersected in drill holes on PL686/2009 is interpreted to be a Proterozoic or early Palaeozoic age vein related sediment hosted occurrence similar to other known deposits and mines in the central Kalahari Copper Belt.

Drill hole information

 This information is summarised in Table 4 in an announcement on 25 March 2015.

Data aggregation methods

 Significant copper and silver intersections are reported by

MOD as received from the lab.

 Weighted averages, based on sample lengths are used to calculate the intercepts.

 Calculation of copper equivalent values (for copper plus silver) is based on the reported assay data was carried out using following formula consistent with a significant copper

producer in the Kalahari Copper Belt.

Relationship between mineralisation widths and intercept lengths

 MOD has reported down hole widths of mineralised intersections in this and previous announcements (Figure 3).

 Once MOD has more drilling information to enable a meaningful interpretation of the geometry of the entire West Zone deposit at Mahumo, MOD expects to be able to report true width intersections.

Balance reporting

 MOD's exploration is focused on defining high grade vein related Cu/Ag mineralization.

Further work

 A diamond drilling program (Stage One) was completed at

Mahumo with results announced on 25 March 2015. This provided the drill core samples used for the metallurgical test work program described in this release.

 Further diamond drilling (Stage Two) is planned to test potential for lateral and depth extensions to mineralization at

the West Zone, East Zone and Central Zone to assist with estimating an extended resource.

Database Integrity

 Data is stored in Microsoft Excel by MOD Resources Botswana.

An independent database expert was appointed to validate all data, prior to it being imported into Datamine.

Measures taken to ensure that data has not been corrupted by, for example, transcription or keying errors, between its initial collection and its use for

 Data is stored in Microsoft Excel by MOD Resources Botswana.

An independent database expert was appointed to validate all data, prior to it being imported into Datamine.

JORC Code Assessment Criteria

Comments

Mineral Resource estimation purposes.

Data validation procedures used.

 The author of the database and QAQC report has captured the geological and analytical data into an Access-based database. After capturing the database was validated by the software programme Visual GeobaseTM non‐material issues were identified and corrected in consultation with MOD Resources

staff.

 Datamine was used as a secondary validation of all data.

Confidence in (or conversely, the uncertainty of) the geological interpretation of the mineral deposit.

Nature of the data used and of any assumptions made.

 The author of the database and QAQC report has captured the geological and analytical data into an Access-based database. After capturing the database was validated by the software programme Visual GeobaseTM non‐material issues were identified and corrected in consultation with MOD Resources

staff.

 Datamine was used as a secondary validation of all data.