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COMPANY PORTFOLIO 2020Project Developer: Silicon Cluster Industrial Park, Pt. Lisas Industrial Estate,

Trinidad W.I.@ 2020 Opal Resources Ltd. All Rights Reserved. Credit: http://www.border-aggregates-scotland.com/shop/product/lundy-lime/

The material in this presentation has been prepared by Opal Resources Ltd. C2019112704648 (Trinidad &

Tobago) and is general background information about Opal Resources Ltd.’s current activities as at the date

of the presentation.

The content of this presentation is the proprietary and confidential information of Opal Resources Ltd., it is

not intended to be copied, either in whole or in part, or distributed to any third-party without the written

consent of Opal Resources Ltd.

The information, analysis and projections presented in this document are provided to you for information

purposes only.

This information is given in summary form and does not purport to be complete.

Information and/or opinions presented in this document which were obtained or derived from external

sources, are sources which Opal Resources Ltd. believes are reliable, but Opal Resources Ltd. makes no

representations as to their accuracy or completeness.

LEGAL DISCLAIMER

@ 2020 Opal Resources Ltd. All Rights Reserved. 2

https://en.wikipedia.org/wiki/Flag_of_Trinidad_and_Tobago

Opal Resources Ltd.

Trinidad & Tobago

• Caribbean Headquarters

• Privately registered Limited Liability

Company

• Established November 2019 in

Trinidad & Tobago

• Directors: Derek Lloyd, Marcel De

Vries, Jonathan Kensenhuis

• Distributes Silica Sand and

Aggregate-related products, mined

from our fields in Suriname and

sourced through our supplier in

Guyana

• Supplies bulk (1,000lbs+) product to

the Trinidad & Tobago market

• Project Developer: Silicon Cluster

Industrial Park, Trinidad

Opal Minerals N.V.

Suriname

• South American office

• Privately registered Limited Liability

Company

• Registered in Suriname in July 2019

• Directors: Derek Lloyd, Marcel De

Vries, Jonathan Kensenhuis

• Owns a 200ha (494.21 acres) mine

concession in Paramaribo

• Mines and ships bulk Silica Sand

and Aggregate-related raw products

to Trinidad & Tobago

• Other Export Markets: Argentina

• Expansion: Caribbean Region

Supplier Agreement: JSB

Investments Inc., Guyana

• South American operations

• JSB’s quarry is located in

Yarrokabra, Guyana

• Supplier agreement signed with

JSB Investments Inc. for the

supply of >80,000 MT (metric

tons) per month of 99.70 proof

SiO2.

• JSB currently has approximately

7.4BCF (billion cubic feet) of

silica, above sea level.

WHO WE ARE

Board of Directors

Chief Operating Officer

(COO)

Marcel de Vries

Chief Marketing Officer

(CMO)

Jonathan Kensenhuis

Chief Financial Officer

(CFO)

Bruce Ramsey

Chief Technical Officer

(CTO)

Mary Ann Chaitoo

Chief Compliance Officer

(CCO)

Dirk De Gourville

EXCUTIVE TEAM: OPL

Advisors/Consultants:

• Stewart Engineers – Float Glass Expert

• CDE – Processing Plant Expert

• Neera Lakhan & Vivek Joseph – Legal

• Haroon Mohammed - Accounting

• Rendra Gopee – Funding & Financial

• Richard Flik – Civil & Marine Engineering

• Natalie Dookie – Corporate Communication

Chief Executive Officer

(CEO)

Derek Lloyd

@ 2020 Opal Resources Ltd. All Rights Reserved. 4

@ 2020 Opal Resources Ltd. All Rights Reserved. 5

DIRECTORSDerek Lloyd, Chief Executive Officer: +20 years leadership experience in Manufacturing, Processing,

Trade, Solar Technology, Distribution, Franchise Supermarkets and Automobile industries. Derek’s career

spans the Caribbean region, the USA, Africa namely Cameroon, Ghana and Nigeria, and South America

primarily Suriname and Guyana. Master entrepreneur, Derek successfully established 15 companies,

acquiring overall US$200M in investment. At Opal Resources, he spearheaded efforts to secure 200hectares

of high-grade Silica Sand mines in Suriname, kicking off operations. Currently Derek is the chief negotiator for

the following major Silica Sand projects:US$200M Float Glass and US$1.9B Silicon Cluster.

Marcel de Vries, Chief Operating Officer: +25 years leading operations in the mining, retail, oil & gas and

forestry industries across The Netherlands and Suriname. Marcel founded 4 companies with an average

maximum gross annual revenue of €25 (US$30) Million per year. Based in Suriname, he leads Opal’s South

American operations, where Silica Sand will be exported for the first time. Marcel has already established a

network of potential buyers for raw Silica in the Caribbean, and closed a deal for 30,000 MT/month of Silica

Sand with an Argentinian buyer. He was also a driving force behind Opal’s acquisition of 200ha of Silica

mines. Marcel holds a BSc in Business & Retail Management from Hogeschool Inholland, Rotterdam, The

Netherlands.

Jonathan Kensenhuis, Chief Marketing Officer: an award-winning senior marketing and communications

executive, with 18 years experience in the FMCG, telecommunications, retail, media, event, air transportation,

and forestry industries, spanning The Netherlands and Suriname. Responsible for mine production, transport,

administration and export of Silica Sand at our operations in Suriname, Jonathan was a major contributor to

the mine acquisition process and is the Account Manager for Opal’s newest buyer in Argentina. He has a

Bachelor of Business Administration from Inholland School of Communication, Rotterdam, The Netherlands.

@ 2020 Opal Resources Ltd. All Rights Reserved. 6

SENIOR MANAGEMENT

Dirk De Gourville, Chief Compliance Officer: +30 years cross-functional experience with energy majors

across the upstream, midstream and downstream value chain, for deep water and shallow water projects.

Dirk’s career spans Trinidad & Tobago and Africa, having worked with public and multinational private entities

including US Fortune 500 organizations. With specialist knowledge of valves, coatings, and chemicals

engineered solutions, Dirk increased sales by 30% over a 2-year period in a previous tenure. Experienced in

plant operations, processing, production and instrumentation, he brings a diverse background to Opal.

Mary Ann Chaitoo MSc Mphil Chief Technical Officer: With +10 years experience, Mary-Ann comes to

Opal with a MSc in Petroleum Engineering and a BSc in Physics. Currently a Doctoral candidate in the

esteemed Petroleum Engineering programme at the University of Trinidad & Tobago, her +10 years

experience includes business development, research and academia in Trinidad & Tobago and Nigeria. In

Nigeria, under Atlas International Mary-Ann tested her project management skills with several energy majors,

such as Chevron, Exxon Mobil, and Cameron. At Opal, she has been garnering global industry support,

having conducted several international technical plant visits. Mary-Ann is responsible for technical data,

laboratory testing, plant equipment procurement and plant specifications for Opal’s various projects.

Bruce Ramsey, Chief Financial Officer: +25 years in the financial sector, Bruce was an Investment Advisor

for a leading Canadian independent securities firm. A forward-thinking entrepreneur, he founded several

companies in the real estate, software, research, accounting, business consulting and finance fields. Most

recently as Co-founder of the Heirloom Caribbean Real Estate Fund in the Cayman Islands, he has a leading

role acquiring and financing properties in the region. Bruce brings a wealth of investment experience to Opal

having arranged several large-scale corporate debt and equity financing projects.

ASSET PORTFOLIO: SURINAME

‹ 100% ownership – in July 2020 Opal Resources acquired

200ha (494.21 acres) of real estate in Paramaribo,

Suriname with significant proven silica deposits, and mining

rights.

‹ This contract with the Suriname Government allows for

simultaneous acquisitions of additional 200ha (494.21

acres) parcels. 600ha (1,482.63 acres) is under reserve.

‹ Capital expenditure/Value 200ha (494.21 acres): US$12

million (valued at US$1 per MT)

‹ Simple and conventional mining process

‹ Access to established infrastructure: logistics, power, water

‹ 20-year mine life (potential for 60+ years)

‹ The Suriname Government has given an option for

acquisition of more than 5,000ha (12355.27 acres) of land in

its north western district with 170,000,000 MT of proven

silica and quartz deposits, immediately available for

extraction: estimated value at mine is US$10.37 Billion.

‹ Mine Remediation is undertaken using local bambooCredit: https://www.international.gc.ca/cil-cai/country_insights-

apercus_pays/map-carte_sr.aspx?lang=eng

Location of Opal’s mines

Opal Resources: Global Distributor of the World’s Finest

Silica Sand & Aggregates

• White Silica Sand:

Bulk sample independent international laboratory tests confirmed our mine can produce premium-

grade silica products for high-tier industrial operations.

Sand Quality (Identification): 99.7 – 99.8% silica purity.

Due to the high silica composition of our sand, it is ideally suited for a wide variety of high-tier

applications and industries such as glass and solar panel manufacturing. Solar panel

manufacturers’ feedstock requires >99.5% purity Silica with ideally less than 100ppm Fe2O3 levels.

• Brown River Sand:

Laboratory tested, this is also well suited for a wide variety of applications that demand the highest

international specifications such as “sharp sand” in construction, cement block/mortar, road base,

plastering, landscaping etc.

• Sand and Aggregates: compliant with ASTM (formerly American Society for Testing and Materials)

standards on a fit-for-purpose basis and meets the demand of our diverse client base.

THE WORLD’S FINEST

@ 2020 Opal Resources Ltd. All Rights Reserved. 8

PRODUCTS

9

White Silica Sand

Our premium White Silica

Sand (crystalline mineral)

has been tested by

international laboratories at

99.7 – 99.8% silica purity.

Brown River Sand

Our premium “granite-

based” Brown River Sand

is mined from riverbanks in

South America.

Aggregate

We also supply a wide

variety of aggregate

products ranging in size,

for industrial, construction

and specialty applications.

@ 2020 Opal Resources Ltd. All Rights Reserved.Credit: https://www.srinathenterprises.in/river-sand-5045672.html, http://www.omindustriesindia.com/silica-sand-

5681063.html, http://www.border-aggregates-scotland.com/shop/product/lundy-lime/

‹ Micro Milling, Trinidad: uses our Silica Sand in their Thinset, Grout,

Sandstone Render and Plaster Mix products which are distributed throughout

the Caribbean. More than 20 years in business, Micro Milling has 2

manufacturing plants in Trinidad.

‹ Queen’s Park Oval, Trinidad: Our Silica Sand is used for grounds

maintenance and repair at this world famous cricket stadium in Port-of-Spain,

Trinidad. It is the largest capacity cricket ground in the West Indies with

seating for about 20,000. Hosted more Test Matches than any other ground

in the Caribbean.

@ 2020 Opal Resources Ltd. All Rights Reserved. 10

RECENT PROJECTS: TRINIDAD

› Trinidad & Tobago Football Association (TTFA) Home of Football Facilities,

Beach Outdoor Arena, Couva, Trinidad: Opal Resources is the Official Silica

Sand supplier for TTFA’s outdoor fields and arenas. TTFA governs amateur and

professional football locally including the men and women’s national teams.

Credit: https://www.guardian.co.tt/sports/trinidad-gets-south-africa-test-6.2.970506.f64d9f33be: Ashley Allen - CPL T20,

https://www.crictracker.com/dry-pitch-awaits-india-queens-park-oval/: Photo Source: Twitter, http://www.micromillingtt.com/,

https://www.facebook.com/TrinidadandTobagoFootballAssociation/videos/319245022312460/

Silicon Cluster Industrial Park

Pt. Lisas Industrial Estate

Trinidad W.I.

THE PROJECT

• Silica Sand (SiO2) is crystalline quartz that over time, through erosion by water and

wind, has been broken down into tiny granules.

• Silica is hard, chemically inert and has a high melting point, therefore it finds

numerous applications in commercial and industrial sectors.

• It is associated with advantageous properties like high strength, and resistance

against heat and chemicals, which are prized qualities in applications such as water

filtration, industrial casting, road building, glassmaking, paints and coatings, among

others.

• White Sand or Industrial Sand is generally used to refer to high purity silica sand

products.

• Industrial Sand’s strength and non-reactive properties make it an indispensable

ingredient in the production of thousands of everyday products.

@ 2020 Opal Resources Ltd. All Rights Reserved. 12

WHY SILICA?

Construction, Glassmaking and Technology are the target

applications for Opal’s silica sand products

CATEGORY APPLICATION

Filtration Water Production

GlassmakingFloat Glass, Containers, Architectural, Thin Film

Automobile Parts

Metallurgical Ferrous and Non-Ferrous Alloys

Construction Concrete Blocks, Road Building, Fiberglass

Paint & Coatings Brightness and Durability

Chemical Production Sodium Silicate, Silicon Gels

Metal Casting/Foundry Automobile Parts

Ceramics & Refractories High temperature Foundries, Briskets, Ingots

Hydraulic Fracturing: Oil/Gas

Well StimulationFrac Sand/Proppant

Agricultural/Recreational Inert Growing Media, Golf bunkers, Petcare

@ 2020 Opal Resources Ltd. All Rights Reserved.13

SILICA SAND USE

Credit: https://findicons.com/icon/558639/empty_filter, Author: VisualPharm, https://flyclipart.com/download-png#window-glass-home-png-icon-free-download-814539.png,

https://flyclipart.com/bulldozer-cat-construction-icon-with-png-and-vector-format-bulldozer-clipart-black-and-white-585607#, https://flyclipart.com/paint-can-and-brush-royalty-free-vector-clip-art-

illustration-paint-can-clipart-104358, https://flyclipart.com/download-png#chemistry-618590.png, https://flyclipart.com/ceramic-bowl-pottery-tableware-flowerpot-cereal-box-clipart-612064,

https://flyclipart.com/clipart-oil-well-production-clipart-196037, https://flyclipart.com/agriculture-icons-noun-project-agriculture-png-494408, https://pixabay.com/vectors/smelting-melt-foundry-

metallurgy-311775/, https://pixabay.com/vectors/forestry-log-pile-wood-tube-pipe-161437/

@ 2020 Opal Resources Ltd. All Rights Reserved. 14

SILICA SAND IS IN DEMAND!

› The global silica sand market reached

around US$8 Billion in 2019.

› IMARC* forecasts CAGR of 7.2% p.a.

through to 2022, reaching US$9.6

Billion revenues.

› No direct substitutes in majority of

applications.

› A significant rise in the automotive and

construction industry represents one of

the key factors bolstering market

growth.

Refer DRX announcement, 30/11/17

Source: IMARC, www.imarcgroup.com, 2020

GLOBAL SILICA SAND MARKET VOLUME & VALUE

@ 2020 Opal Resources Ltd. All Rights Reserved. 15

PROJECTED END-USER MARKET GROWTH

› Based on the end-use, the market has been

classified into the glass industry, foundry, hydraulic

fracturing, filtration, abrasives and others. The glass

industry accounts for more than a third of the total

market, the largest end-use sector, followed by

foundry and hydraulic fracturing.

› IMARC expects high growth in demand from

North America, Latin America & Western Europe

due to increasing hydraulic fracturing. Silica sand

is used as a dominant proppant material in hydraulic

fracturing in North America as it is more affordable in

comparison with its substitutes.

› Several countries are preferring naturally available

shale gas in order to reduce their dependence on

crude oil. Shale gas is extracted using hydraulic

fracturing process, wherein silica sand is used as a

proppant. As a result, growth in shale gas production

is expected to increase the demand for silica sand.

› Increasing demand also from emerging markets

such as China and India from foundry and

construction industries.

Source: IMARC, www.imarcgroup.com, 2020

Source: Analyst Reports & IMARC Estimates (% of Volume)

Glass

Industry 36%

Foundry 33%

Hydraulic

Fracturing

16%

Filtration 7%

Abrasives 5%Others 3%

@ 2020 Opal Resources Ltd. All Rights Reserved. 16

FLOAT GLASS DEMAND

Credit: https://www.azobuild.com/article.aspx?ArticleID=1287, sichkarenko.com/shutterstock.com

› Silica sand forms an essential component in the

production of glass containers, ‘float’ glass, and

specialty glass that are further used in automotive,

construction and solar applications.

› The glass market is experiencing high growth due

to increased demand from the construction market,

rising automotive production and sales, mounting

per capita income, and technological

advancements.

› Emerging trends such as increasing usage of

hybrid guide plate, solar control glazing for

automotive and building glasses, lightweight glazing

glass, and advanced nanotechnology in ‘float’ glass

are also contributing towards the growth of the

glass industry.

Source: IMARC, www.imarcgroup.com, 2020

Credit: https://all-free-download.com/, www.shutterstock.com, www.vectorstock, Author: www.openclipart.org, Author: BSGStudio Author: Blan-k Author: Panda

Vector Author: Vector FX Author: https://www.vectorstock.com/royalty-free-vector/startup-cosmic-rocket-black-and-white-vector-19244423 17

THE PROJECT: SILICON CLUSTER INDUSTRIAL PARK

Bulk

Raw

Phase

3Phase

4

Phase

6

Phase

7

Phase

8

Phase

9

Q1 2021 Q2 2021 Q3 2021 Q3 2022 Q4 2023 Q2 2023 Q4 2024 2030-32 2033-35

Metallurgical

Plant

Polysilicon

PlantFloat Glass

Plant

MINE

Guyana +

Suriname

@ 2020 Opal Resources Ltd. All Rights Reserved.

SHIP DISTRIBUTE

Trinidad &

Tobago

PROCESS A

Wash, Sieve,

Dry

Trinidad &

Tobago

PROCESS B

PACKAGE

Trinidad &

Tobago

PROCESS C

Mill

Trinidad &

Tobago

MANUFACTURE

Trinidad &

Tobago

MANUFACTURE

Trinidad &

Tobago

MANUFACTURE

Trinidad &

Tobago

PROJECT

STARTUP

Phase

1Phase

2Phase

5

Processing

Plant C

Processing

Plant A

Processing

Plant B -

Packaging

PROJECT BENEFITS

@ 2020 Opal Resources Ltd. All Rights Reserved. 18

REGIONAL

(Caribbean)

• Raw material source (exports): Guyana/Suriname – Silica Sand, Jamaica – Limestone, Dolmite

• Access to steady supply of industrial raw material & inputs

• Lower cost products

• New industries

NATIONAL

(Trinidad & Tobago)

•US Forex Earner

•Exporter

•Job Creation: construction + operations

•Economic Diversification

•Taxes

•Skills Transfer

•New Technology

•New Industries

•Green Initiatives

•Supply chain sourcing: utilities, construction, transportation, shipping, accounting, legal, maintenance, security, catering, plumbing, electrical etc.

COMMUNITY

(Pt. Lisas)

• Job Creation: construction + operations

• Supply chain sourcing

• Pt. Lisas Industrial Estate tenancy

• Port Pt. Lisas customer

• Corporate Social Responsibility

PRODUCTS, TARGET INDUSTRIES

19

PHASE PRODUCT INDUSTRY

Phase 3: Bulk Raw Ton, Yard, Sling bags

Industrial, Construction: beach

restoration, cricket pitches, golf courses,

sports arenas etc. Hardware, Customs

Finishes, Balusters, Thinset & Grout

Phase 4 & 5: Processing

& Packaging Plant

5lb, 10lb, 25lb, 50lb,

42.5kg (93.7lb), and

1,000lb bags

Commercial, Retail Market, Water

Filtration, Industrial, Fire Sand

Horticulture, Agriculture, Recreation: Golf

Courses – PGA Standard, Aquarium Sand

(Fresh water, Salt Water, Reptile, Gas

Light)

Phase 6: Float Glass

Plant

Float Glass, Cement,

Tempered, Laminated,

Tinted, Solar, Electronic

& UV Reflected Glass

Construction, Architecture, Solar Energy,

Automotive

Phase 7: Processing &

Packaging PlantHPQ, “Flour” Technology, Computer Wafers

Phase 8: Polysilicon Plant

Mesh Technology, Fiber

Optics, LED Lighting,

PV Solar, Ingots,

Wafers, Films

Technology/Computer, Construction,

Automotive, Solar Energy

Phase 9: Metallurgical

PlantAlloys, Ceramics Technology

Credit: https://marketer;search.biz/report/automotive-aftermarket-glass-

market/, https://www.intelligentliving.co/lightsource-bp-installing-bifacial-

solar/: Soltec

@ 2020 Opal Resources Ltd. All Rights Reserved.

20Credit: https://www.shutterstock.com/image-vector/graphic-vector-map-caribbean-countries-1460412062, Author: tunasalmon

THE

CARIBBEAN

TRINIDAD &

TOBAGO

SURINAME

GUYANA

NORTH

AMERICA

SOUTH

AMERICA

EUROPE ASIA

KEY:

Exports - Phase 3: Bulk Raw Sales

Exports - Phase 4 to 9:

Processing

Packaging

Milling

Float Glass

Polysilicon

Metallurgical

Raw Inputs: Guyana, Suriname, Jamaica, USA

JAMAICA

CENTRAL

AMERICA

USA

EXPORT MARKETS

Credit: https://clients3.weblink.com.au/pdf/VRX/02271225.pdf, Google Images@ 2020 Opal Resources Ltd. All Rights Reserved. 21

SILICA PROCESSING

PROJECT SUSTAINABILITY

@ 2020 Opal Resources Ltd. All Rights Reserved. 22

Project delivery is aligned to the following UN Sustainable Development Goals:

Employing

sustainable mining

methods

Enhancing job

creation & improving

living standards

Building resilient

infrastructure,

fostering innovation &

promoting new

technologies

Utilizing renewable

and energy efficient

systems

Reducing emissions

from production

Promote sustainable

land use

CLEAN ENERGY ECONOMIC

GROWTH

INDUSTRY,

INNOVATION &

INFRASTRUCTURE

RESPONSIBLE

PRODUCTION

CLIMATE ACTION REHABILITATION

PLAN

Credit: images courtesy, https://www.undp.org/

4 Commodore Court

Westmoorings

Trinidad & Tobago W.I.

(+1 868) 461 4150

executive@opalresourcesltd.com

www.opalresourcesltd.com

THANK YOU

@ 2020 Opal Resources Ltd. All Rights Reserved. 23