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INVESTOR PRESENTATION - Codan

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SMALL SCALE GOLD DETECTINGMARKETS10 to 13 million people across the world participate in small-scale gold mining 1Minelab detectors are a disruptive innovation which has resulted in a more successful andenvironmentally friendly method of mining goldGold detector sales in these markets are influenced by:Adoption of the technology following successful gold findsClimate and religious eventsCivil unrest and political instabilityGold price fluctuationTraditional methodNew method1UNIDO Global Mercury Project, World Bank, Communities and Small Scale Mining (CASM), Artisanal Gold Council, www.artisanalgold.org

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