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David Netherway - Non-executive ChairmanMining engineer with > 40 years’ experience withinvolvement in developing 3 gold mines in Africa.

Steven Poulton - Chief Executive OfficerGeologist and co-founder of Altus Strategies, AfricanAura, Ariana Resources & Stellar Diamonds.

Matthew Grainger - Executive DirectorGeologist and co-founder of Altus Strategies andAriana Resources; former COO of African Aura.

Robert Milroy - Non-Executive DirectorCapital markets’ specialist with > 40 years’ experiencein investment and mining.

Michael Winn - Non-Executive DirectorGeologist with > 35 years’ experience. Chairman ofEMX Royalties; former Director of Sprott & Reservoir.

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Capital Structure (as of Aug 2019)

Toronto Stock Exchange Listing (2018) TSX-V: ALTS

London Stock Exchange Listing (2017) AIM: ALS

Shares outstanding 177,782,686

Market capitalisation (TSX-V / AIM) C$14.2M / £8.6M

Warrants C$0.08 (exp. 08.09.19) 300,000

Warrants C$0.225 (exp. 18.04.21) 911,861

Warrants C$0.30 (exp. 18.04.23) 27,391,616

Options None

Boards shareholding 36.17%

Board

JV partners include:

Shareholders include:

Generating diversified income

Short term: through JV milestones payments, partnerequity, project sales and spin-outs; Long term fromproject royalty payments

Returns accelerated and risks reduced from a portfoliomanaged by a team who have ‘skin in the game’ and atrack record of discovering and monetising assets in Africa

Delivering superior returns to shareholders

Growing our project & royalty pipeline

Accelerated land banking, making new discoveries andexecuting project transactions

The platform for resource investing in Africa

PROJECT METAL COUNTRY #Ndablama (2.5 % NPI) Gold Liberia 1Birsok ($1.5 / t) Bauxite Cameroon 2Pitiangoma (Resolute) Gold Mali 3Lakanfla Gold Mali 4Tigray-Afar Copper Ethiopia 5Agdz Copper Morocco 6Bikoula Iron Cameroon 7Laboum Gold Cameroon 8Daro Copper Ethiopia 9Diba Gold Mali 10Djelimangara Gold Mali 11Sebessounkoto Sud Gold Mali 12Tabakorole (Indiana) Gold Mali 13Takzim Zinc Morocco 14Zolowo Gold Liberia 15Prikro Gold Ivory Coast 16Ammas Zinc Morocco 17Zaer Copper Morocco 18Toura Nickel Ivory Coast 19Zenoula Gold Ivory Coast 20Zager Copper Ethiopia 21

75

20

19

14

16

69

815

3

1 2

1011

4

1213

21

1817

Project Portfolio

Applications

Project Generation

Joint Venture Ready

Advanced Discussions

Joint Venture Agreement

Royalty, Monetisation & Exit