Mongolia Tin Mining Project

Amerilangui Ujin

2009.

Amerilangui Ujin, a Mongolian and American Company

I. Mongolia Tin Project: Summary

Objective

Phase I To build and operate 500 ton per day tin ore processing plant and mining operation by 2010. At 500 ton/d still profitable Raise 15 million USD to start construction of mining and processing plant. Phase II Start 2,000 ton ore per day production by 2012. Capexp= 45 Million USD.

Project schedule General prospecting Test drilling Detail Geological survey Ore body study Geophysics and toppology Hydrology study detail Drilling Metalogical study Essays laboratory test Feasibility study Raise fund Plant and mine construction Start production 1981-1989 2007 2008 1st

Current time

2008 2nd 2009 1st

2009 2nd 2010 1st

2010 2nd 2011 1st

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I. Mongolia Tin Project: Summary

Over 57,000 tons of tin deposit Over 7,300 ton of confirmed tin deposit Potentially over 175,000 ton of tin deposit Average tin content 0.84% 4043X license

7 year income summary 500 ton ore per day at $12,000/ton tin
7 year

Summary
Figures are in US dollar

Item Ore Grade Metal recvry w/ dilution + loss Payable Metal sales

unit Tin tin ton

total 0.84% 80% 8299 $114,737,915 $35,194,221 $5,870,669 $73,673,025 $14,938,807 $62,209,292

Gross revenue frm metal sales Operating cost refining charge from smelter Net profit before interest and depreciation initial capital expenditure Net profit before tax

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I. Mongolia Tin Project: Summary

Critical Success Factors A. Proven High Tin Content Deposit. 0.84%. The industry average is 0.2% to 0.4%. This makes our project very competitive . B. Big Deposit of 175,000 ton of total tin. Enough deposit to make operation run for 34 years at 2,000 ore ton per day plant. C. Stable high market price of tin at $12,000 per ton to $15,000 USD per ton. D. High profit margin. 71% pretax profit margin at price of $15,000/ton and 64% pretax profit margin at $12,000/ton. E. Low production cost of tin at $24/ton of ore compare to other metals.

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II. Geological Studies History of 4043x license

1981-1989 Soviet/Russian team found tin and did extensive drilling and study. The Russian report indicate 57,000 ton of tin 2007 Amirlangui Ujin Acquired the license 4043X. Topographic study done March 2008. Geophysics done with team of 10 geologist and scientists. The completion of the geophysics study confirmed geology and deposit of tin. Drilling/Trenching program will involved study of 2 major section . 24 holes drilled. Total of 3000 meters drilled. 22,000 cubic meter of trenching Drilling/Trenching period June/July - October/November 2008. Partnered with Micromine/ACA Howe Australian consulting firm to prepare a feasibility study as well as supervise drilling program. JORC standard resource estimate and independent audit done by Micromine/ACA Mining license approved by the Government of Mongolia. July 2009

A.C.A. Howe/Micromine is a prominent geological consultant company in Australia with portfolio of projects throughout the world helping public and private exploration companies. Recent successful projects are:
Arian Silver Corporation (AIM Listing); Mexican silver exploration Claude Resources Inc (Toronto Stock Exchange); Seabee gold mine Dwyka Diamonds (AIM Listing); Various South African alluvial diamond mines Eurasia Mining plc (AIM Listing); platinum and base metal deposits in the Urals nickel producer, Tati nickel operations Botswana Mano River Resources (AIM Listing); gold, base metal and diamond exploration projects in West Africa Murchison United plc (AIM Listing); Renison tin mine, Tazmania Navan Mining plc (full listing on both the London and Irish stock exchanges); Base metals and gold in Spain and Bulgaria Pan African Resources (AIM Listing); Gold exploration in Ghana and Mozambique Pan Pacific Aggregates (AIM Listing); Canadian aggregate development Shore Gold (Toronto Stock Exchange); Diamond development in Saskatchewan, Canada Sierra Leone Diamond Corporation (AIM Listing); Diamond exploration Triple Plate Junction (AIM Listing); Vietnam Exploration Wescan Goldfields Inc (TSX Venture); Gold exploration in Saskatchewan, Canada

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III. Geology of 4043x license. Size=2.5km by 3.5km

Area Map with 10 major Ore bodies. Four section A, B, C, and D

Section A 4 major ore bodies

Section B 4 major ore bodies

Section C 1 major ore bodies

Section D 1 major ore bodies

See the detail view of section A and B ore bodies on next page
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IV. Drilling and Trenching Project 2008

Drilling Trenching Results
On 2008 3000 meter of drilling were done : Only 1 of 10 major ore bodies drilled. See #3 ore body below on the graph. Depth of only 100 meter drilled with ore bodies extending down to 400 meter. Results are 7,300 ton of confirmed tin with only 100 meter dept drilling. Average grade of 0.84% of tin content which confirms Russian results of 0.78% Current estimate of resource at 175,000 ton of tin for combined 10 major ore bodies.

Section A 4 ore bodies

3 2 1

1 Section B 4 ore bodies

2 4

The above picture indicate the area of 3000 meter drilling took place. 24 drill holes 100 meter deep So less than 5% of the ore bodies were drilled considering 400 meter deep ore bodies. Amirlangui Ujin LLC.

IV. Drilling and Trenching Project 2008

3D ore body. Half of Section A. blue line in drilled section

All 10 ore bodies can be VISUALLY SEEN from the surface Over 1000 surface ore body samples were taken which indicate same tin content and same structure as the one that was drilled.

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IV. Drilling and Trenching Project 2008

Trenching detail

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IV. Drilling and Trenching Project 2008

Drilling Trenching

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IV. Drilling and Trenching Project 2008

Drilling Trenching

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V. Mongolia Tin Project

Critical Success Factors A. Proven High Tin Content Deposit(0.78% - 0.84%). According to current 3000 meter 2008 drilling program average content of 0.84% was revealed. The 1981 1989 Russian study revealed 0.78% average tin grade which confirms our study. The industry average is 0.2% to 0.4%. This makes our project very competitive . B. Resources. Our 2008 detail drilling and trenching study revealed proven 7,300 ton of tin with only 5% of total ore bodies drilled. The Russian study revealed 57,000 ton total tin resources which confirms our own study. When calculated for the 100% of the ore bodies, 175,000 ton of total tin calculated. Enough deposit to make operation run for 30 years at 2,000 ore ton per day plant. Possible 250,000 ton of tin resources.
p ro v e n b y C u re e n t S tu d y C u r r e n t D r illin g R u s s ia n S tu d y R e s e r v e p ro g ra m E s tim a te E s tim a te 7 ,3 0 0 5 7 ,0 0 0 1 7 5 ,0 0 0

T o n o f tin

C. Stable high market price of tin at $12,000 per ton to $15,000 USD per ton Currently at $15,000 per ton.

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V. Financial Projection Detail

First 7 year detail financial summary 500 ton per day operation at $12,000/ton
7 year Pro-forma Income Statement
Revenue year 1 year 2 year 3 year 4 year 5 year 6 year 7 ore prcd tn 155000 180000 180000 180000 180000 180000 180000 tin prcd tn 1042 1210 1210 1210 1210 1210 1210 Revenue us dollar $12,499,200 $15,182,899 $15,881,313 $16,611,853 $17,375,998 $18,175,294 $19,011,358

Cost of Sales Mining cost per ton $14.16 $14.16 Mill cost per ton $11.04

$2,195,496

$2,549,608

$2,549,608

$2,549,608

$2,549,608

$2,549,608

$2,549,608

$1,711,209

$1,987,210

$1,987,210

$1,987,210

$1,987,210

$1,987,210

$1,987,210

Marketing and sales cost per ton 200 $208,320

$241,920

$241,920

$241,920

$241,920

$241,920

$241,920

Transportations and logistics per ton 145 $302,064 $350,784 Smelting charge per ton of concentrate. At 50% tin $250 Actual tons ship to sm elter - ton 50%tin 2083.20 2419.20 Total Sm elter's charge $520,800 $604,800 Base Grade deduction fromSmelter 1.50% $187,488 $227,743 Income before interest and depreciation
$7,373,823 $9,220,834

$350,784

$350,784

$350,784

$350,784

$350,784

2419.20 $604,800 $238,220

2419.20 $604,800 $249,178

2419.20 $604,800 $260,640

2419.20 $604,800 $272,629

2419.20 $604,800 $285,170

$9,908,771

$10,628,353

$11,381,036

$12,168,343

$12,991,865

Interest paid for loan Principle Interest Income After Interest

$0 $0 $7,373,823

$0 $0 $9,220,834 $1,878,758

$0 $0 $9,908,771 $1,878,758

$0 $0 $10,628,353 $1,878,758

$0 $0 $11,381,036 $1,878,758

$0 $0 $12,168,343 $1,034,972

$0 $0 $12,991,865 $1,034,972

Depreciation

$1,878,758

income before tax

$5,495,066

$7,342,076

$8,030,013

$8,749,595

$9,502,278

$11,133,371

$11,956,893

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V. Financial Analysis
Price fluctuation and profitability
The Narsen Khondlen deposite has very HIGH tin content 0.84% Tin is easily extracted Historically tin price average around $15-16,000 dollar per ton and last year it was as high as $24,000 dollar per ton. Currently it is around $11 $12,000 dollars per ton The Narsen Khondlen deposite can be profitable up to $6,000 ton per ton.

Worst case scenario is at $7,000 dollar per ton which was the
lowest price point. See summary below.
7 year

Summary
Figures are in US dollar

Item Ore Grade Metal recvry w/ dilution + loss Payable Metal sales

unit Tin tin ton

total 0.84% 80% 8299 $66,930,450 $35,194,221 $5,153,557 $26,582,672 $14,938,807 $15,118,939

Gross revenue frm metal sales Operating cost refining charge from smelter Net profit before interest and depreciation initial capital expenditure Net profit before tax

In worst case scenario where we assume tin price at $7,000 for continuing for 7 year we still have profit before tax of $15 million US dollars. 500 ton per day processing plant

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V. Financial Analysis Phase I, 500 ton per day operation 7300 ton tin reserve $15,000 per ton and $20,000 per ton
$15,000 per ton
7 year

Summary
Figures are in US dollar

Item Ore Grade Metal recvry w/ dilution + loss Payable Metal sales

unit Tin tin ton

total 0.84% 80% 8299 $143,422,393 $35,194,221 $6,300,936 $101,927,236 $14,938,807 $90,463,503

Gross revenue frm metal sales Operating cost refining charge from smelter Net profit before interest and depreciation initial capital expenditure Net profit before tax

$20,000 per ton

7 year

Summary
Figures are in US dollar

Item Ore Grade Metal recvry w/ dilution + loss Payable Metal sales

unit Tin tin ton

total 0.84% 80% 8299 $191,229,858 $35,194,221 $7,018,048 $149,017,588 $14,938,807 $137,553,856

Gross revenue frm metal sales Operating cost refining charge from smelter Net profit before interest and depreciation initial capital expenditure Net profit before tax

At $20,000 per ton the net profit before tax is 137 million US dollars. At $15,000 per ton the net profit before tax is 90 million US dollars.

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V. Financial Analysis Phase II, 2000 ton/day 30 years 175,000 ton tin reserve
$12,000 per ton
30 year

Summary
Figures are in US dollar

Item Ore Grade Metal recovery to Concentrate Payable Metal sales

unit Tin tin ton

total 0.84% 90% ton $1,988,023,218 $330,699,847 $81,943,848 $1,575,379,523 $38,214,898 $1,494,032,369

Gross revenue frm metal sales Operating cost refining charge from smelter Net profit before interest and depreciation initial capital expenditure Net profit before tax

$15,000 per ton

3 0 ye a r

S u m m a ry
F ig u re s a re in U S d o lla r

Ite m O r e G ra d e M e ta l re c o ve ry to C o n c e n tr a te P a ya b le M e ta l s a le s

u n it T in tin to n

to ta l 0 .8 4 % 90% to n $ 2 ,4 8 5 ,0 2 9 ,0 2 2 $ 3 3 0 ,6 9 9 ,8 4 7 $ 8 9 ,3 9 8 ,9 3 5 $ 2 ,0 6 4 ,9 3 0 ,2 4 0 $ 3 8 ,2 1 4 ,8 9 8 $ 1 ,9 8 3 ,5 8 3 ,0 8 7

G r o s s re ve n u e frm m e ta l s a le s O p e ra tin g c o s t re fin in g c h a rg e fro m s m e lte r N e t p ro fit b e fo re in te r e s t a n d d e p re c ia tio n in itia l ca p ita l e x p e n d itu r e N e t p ro fit b e fo re ta x

$20,000 per ton

3 0 ye a r

S u m m a ry
F ig u re s a re in U S d o lla r

Ite m O r e G ra d e M e ta l re c o ve ry to C o n c e n tr a te P a ya b le M e ta l s a le s

u n it T in tin to n

to ta l 0 .8 4 % 90% to n $ 3 ,3 1 3 ,3 7 2 ,0 3 0 $ 3 3 0 ,6 9 9 ,8 4 7 $ 1 0 1 ,8 2 4 ,0 8 0 $ 2 ,8 8 0 ,8 4 8 ,1 0 3 $ 3 8 ,2 1 4 ,8 9 8 $ 2 ,7 9 9 ,5 0 0 ,9 4 9

G r o s s re ve n u e frm m e ta l s a le s O p e ra tin g c o s t re fin in g c h a rg e fro m s m e lte r N e t p ro fit b e fo re in te r e s t a n d d e p re c ia tio n in itia l ca p ita l e x p e n d itu r e N e t p ro fit b e fo re ta x

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VI. Mining Development

Procedures

Mining

Crushing

Gravity Separation

Final Product Tin Concentrate

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VI. Market
b. World Production of tin

According to USGA There were about 325,000 tons of tin produced in 2008. Tin consumption is increasing at 5-8% per year for the last 6 year. Demand(consumption) for tin was higher than what the world produced, leading to stockpiling and recycling of tin. See the following page for tin consumption. One of the major factor in tin consumption is the tin based electronic soldering which is replacing lead-based soldering. Top 10 producers of the tin produce 80% of the total output

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VI. Market
World usage

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Contact Amirlangui Ujin Mining/Logilinx ---------------Nisora Tower 802 Tokyo Street 1 hr hoo Bayanzurch District Ulanbataar Mongolia +976 9696 1965 Info@logilinx.com ----------------3943 Irvine Blvd #113 Irvine CA 92602 +1 714 338 6197

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