Executive Summary

Introduction

Kabanga Tin Mines is an exploration, mining and processing project in the tin belt of Zambia. Libra Pty Ltd of Brisbane, Australia is the “Mine Developer” and hold 85% of its Zambian units that own the project 100%.

Exploration on the three tin leases indicates that the Libra tin deposits looks very promising including eluvial ore and hard rock tin. Initial tests show high levels of tin, tantalite and niobium with some reefs of gold and PGM (Platinum Group Metals).

We have recently signed an agreement with a mining contractor for mining and processing of our eluvial resource in Siankopo with production to start on August/September 2008

We plan to define the eluvial ore resource in our other 2 tenements in 2008 and bring them into production by the end of 2008 (Kandiole) and early 2009 (Ibula)

With the rising price of tin and increasing demand, the company is in an excellent position to be a major contributor to the resources industry and supply the world with tin. We are still open for the first few who can join us developing one of the only major tin discoveries in the world.

The company shall source the latest technology in ore processing which will give the best recovery of Tin and secondary metals such as Tantalite, Niobium, Gold and Platinum. At first it can be exported as mixed concentrate, then, later as Tin ingots of 99.85% and 99.9% purity and separate metals concentrate such as Tantalite, Niobium, Gold and Platinum.

The Company

Kabanga Tin Mines consist of several leases owned 100% by the Libra Group of Australia and their daughter companies, “Apila Ltd”, “Libra Minerals Ltd” and “Woodsman Investment Ltd” of Zambia.

Libra Pty Ltd is a private equity investment corporation established in Australia for 18 years and acts as the project developer. The company plans to go public in 2008 and then list on the Australian Stock Exchange (“ASX”) in May 2009.

Libra now holds several mining and prospecting rights in the middle of the tin belt of Zambia including a prospecting permit and 2 mining licenses.

Breaking News!

Libra Pty Ltd has signed a Share Swap Agreement with one of the investors and is no longer involved in this project! Libra shall now focus on its Exploration Projects in Indonesia.

The Tenements

The Tenements are located in the tin belt region of Zambia near Livingstone in the Southern Province (Kalomo and Choma Districts). A distance of approx 400km south of Lusaka with mostly good access road up to the site.

Libra has applied for 17 sites. 3 leases were granted on February-March 2007 and 14 are still pending including 7 under Libra Minerals Ltd 4 under Woodsman Investment Ltd and 3 under Apila Ltd (3 of the leases are large scale).

The mining rights are as follows:

Siankopo: 10 years small scale mining license (SML 308)

Ibula:           10 years small scale mining license (SML 307)

Kandiole:      2 years prospecting permit (PP 258)

Company Summary

Kabanga Tin Mines activities include exploration, mining and processing of Tin Ore, Gold and PGM (Platinum Group Metals). Customers are mostly: smelters and refineries of tantalite, PGM and tin in China, Germany, USA, Malaysia, South Africa, Thailand, Singapore and Belgium; many are public companies. The high quality in terms of consistent high % of concentrate and ingots will assure a rising market.

Company Ownership

Kabanga Tin Mines consist of several sites and owned 100% by Apila Ltd, Libra Minerals Ltd and Woodsman Investment Ltd of Zambia. These companies are members of the Libra Group of Australia and owned by:

85% Libra Pty Ltd of Australia – Project Developer

8% Plateau Minerals Ltd of Hong Kong – Chinese Importer of minerals.

5% Mika Airisniemi a Processing Engineer from Finland - CEO

1% Hon. Anson Simama an MP from Zambia – Company Secretary and Director

1% Ali Ismail a Mining Engineer from Egypt – Mining Engineer Consultant

We have to pay royalty of 15% of the net profit before income tax to Daled Mining Ltd of Zambia (“The Mine Explorer”)

Objectives

To develop Kabanga as a world class mining project

To achieve and maintain high profit margin

To supply the best product (high concentration) and service to our clients

To return maximum profits to our share holders

Take care of the environment with minimum disruptions

Provide employment, training, development and growth to the people of Zambia

Safety first!

Use the latest technology for optimal results

Become the largest Australian Tin Supplier

Mission

The company mission is to establish itself as a first class mining concern using the latest technology and serving its clients with the highest concentration of Tin Concentrate and Ingots.

Keys to Success

To succeed, Kabanga Mines and its products must:

Be of high standard and quality assured

Comply with all the major world standards mainly for safety and mining practices

Build a brand image and brand equity through marketing and promotion

Corporate Data

Libra Pty. Ltd.
Australian Company Number  011 076 038
Established : 1990
Address: 18 Curlew Place , Riverhills , Queensland 4074 Australia
Phone: +61 7 3279 4115, +61 7 3412 3511, +61 408 777 481
E Mail: info@LibraMinerals.com
Web site: www.LibraMinerals.com
Bank: Westpac Banking Corporation
Branch: Acacia Ridge , Queensland , Australia

Zambia - Brief

Zambia is located in southern Africa and is endowed with substantial mineral resources and an economy historically based on the copper mining industry.

The official language of the country is English and the capital is Lusaka.Zambia is located well within the tropics and has altitudes generally between 1,000m and 1,500m.

The Government of Zambia has created a positive investment climate for the mining industry. The following websites provide further information on Zambia:

Zambian Ministry of Mines and Mineral Development http://www.zambiamining.co.zm

Investment Opportunities in Zambian Mining Industry http://www.zambia-mining.com

CIA World Factbook entry on Zambia https://www.cia.gov/library/publications/the-world-factbook/geos/za.html