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Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection and Natural Resources of Ukraine State Geologic and Subsoil Survey of Ukraine Au Co Mo Ti Li Zr Be Cr Ni Cu Ta

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Page 1: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Investment Opportunities in Exploration & Production Strategic and Critical Minerals

Ministry of Environmental Protection and Natural Resources of Ukraine

State Geologic and Subsoil Survey of Ukraine

AuCoMoTiLiZrBeCrNiCuTa

Page 2: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Key messagesMineral resources base of Ukraine is able to meet the needs of the national industry and to facilitate its export potential.

Domestic enterprises consume mainly local raw materials for metallurgy, machine building and construction. Energy resources, agrochemical raw materials, non-ferrous metals and coking coal are imported in significant amounts, thus referring them to the critical minerals category.

Meanwhile, deposits of the so-called metals of a low-carbon future used in innovation technology are hardly produced. It is important now to increase their production and create beneficiation and primary processing capacities, as demand for them is expected to grow rapidly in the world market.

Available resources and prospects for production of metals of the future will enable development of new modern industries in the country. This flags their strategic importance for establishment of Ukraine on the global stage a in a new role.

The Investment Atlas of Subsoil User contains vacant subsoil fields with deposits of strategic and critical minerals for their purchase at e-auctions.

2

State Geologic and Subsoil Survey of Ukraine

Page 3: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Strategic and Critical Minerals

Hydrocarbons

С(х)Н(х)

Gold

AuScandium

ScZirconium

ZrUranium

UMolybdenum

Mo

3

Lithium

LiTitanium

ТіChrome

CrCobalt

СоNiobium

NbNickel

NіTantalum

ТаBeryllium

Ве

The list is not limited to the above mentioned

State Geologic and Subsoil Survey of Ukraine

Page 4: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Lithium

Ukraine possesses one of the largest lithium deposits inEurope with proved reserves and contingent resources.

It is an ultralight metal used for manufacturing of cellphone batteries, computers and electric cars,glass and ceramics.

There are two lithium fields and two explored prospectiveareas, as well as a number of promising accumulations.

Nowadays Lithium is not extracted in Ukraine.One lithium field is licensed.

State Geologic and Subsoil Survey of Ukraine

4

Page 5: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

SHEVCHENKIVSKE license

lithium oreaccompanying minerals:tantalum, niobiumberyllium ores

production license

Donetsk region

40 ha

lithium oxide content –up to 0.6%

Open for nomination

lithium oreaccompanyingminerals – oxides of tantalumniobium, rubidiumcesium berylliumtin

production license

Kirovohrad region

90 ha

lithium oxide content –1.34–1.43%

DOBRAlicense

lithium ore, tantalum, niobiumrubidium, cesium-containing ores

exploration & development license

Zaporizhzhia region

150 ha

lithium oxide content – up to 0.86%

contingent resources of rare-metal ore – 'for official use only' Information

KRUTA BALKA license

Open for nomination Is being prepared for e-auction

State Geologic and Subsoil Survey of Ukraine

5https://www.geo.gov.ua/en/open-bids/

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Lithium ore spots

Заліцензовані об’єкти Підготовлені на еторги

Licensed blocksPrepared for e-auction

Shevchenkivske field

Polokhivske field

Dobra block

Donetsk region

Kirovohradregion

Kruta Balka block

Zaporizhzhiaregion

State Geologic and Subsoil Survey of Ukraine

6

Is being prepared for e-auction

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Titanium Ukraine is among top ten countries in the world in terms of

proven reserves of titanium ores and provides more than 6%of their global production.

27 discoveries and more than 30 prospective areas have beenexplored. The main titanium-containing mineral is ilmenite.

Currently, only placer deposits are being developed, which areabout 10% of all proven reserves. The rest is contained inindigenous deposits. Objects prepared for auction are placerdeposits.

Titanium and its alloys are used in aviation and missiletechnology, ship-building, machine building, food, medicalindustry and non-ferrous metallurgy.

State Geologic and Subsoil Survey of Ukraine

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State Geologic and Subsoil Survey of Ukraine

8

MALYSHIVSKE (North-Western – 2) license

titanium ores, zirconium; accompanyingminerals – disten, sillimanite, staurolite

exploration & development license

Dnipropetrovsk region, Kirovohrad region

3310 hа

contingent resources (thousand tons):Disten + sillimanite – 1408, staurolite –568; zircon-rutile-ilmenite sands – 'forofficial use only' Information

Open for nomination

titanium ore

exploration & developmentlicense

titanium ores, zircon

production license

Zhytomyr region

570 hа

contingent resources(million tons):P2 – 17

PIDLISNAlicense

SELYSHCHANSKAlicense

Zhytomyr region

1860 hа

content of ТіО2 –50–70 kg / m 3

https://www.geo.gov.ua/en/open-bids/

Open for nomination Open for nomination

Page 9: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

BILOVODSKA license

titanium ores, zirconium

exploration &development license

Sumy region

62 hа

contingent resourcesof titanium-zirconiumores (thousand tons):zircon – 11rutile – 15conditional ilmenite – 90

Open for nomination Open for nomination Open for nomination

KORCHAKIV license

titanium ores, zirconium

exploration &development license

Sumy region

750 hа

contingent resourcesof titanium-zirconiumores (thousand tons):zirconium – 115rutile – 137, conditionalIlmenite – 925

KHRAPIVSCHYNA license

titanium ores, zirconium

exploration &development license

Sumy region

170 hа

contingent resourcesof titanium-zirconiumore (thousand tons):zirconium – 59rutile – 75, conditionalilmenite – 480

HAYDARIV license

titanium ores zirconium

exploration &development license

Kharkiv region

971 hа

reserves of titanium-zirconium orescat. P2 (thousand tons):ilmenite – 1759zirconium – 402

Open for nomination

State Geologic and Subsoil Survey of Ukraine

9https://www.geo.gov.ua/en/open-bids/

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12

Zhytomyr

region

Kropyvnian field

Malyshevske field(North West-2 section)

Korchakiv block

Vydyborz’ka blockKharkivregion

Kirovohradregion

Haydariv block

Dnipropetrovskregion

Sumy region

Bilovodske block

Khrapyvshyna block

1. Balka Kruta technogenic field2. Birzulivske field3. Valky-Gatskivske field4. Vovchanske field5. Krasnorichenske field6. Livoberezhne field7. Likarivske field8. Malyshevske field (sections Motronivsko-Annivska, North-West)9. Malyshevske field (sections West, Central, East) 10. Mezhyrichne field (sections Isakivska, Pivdenna)11. Mezhyrichne field (sections Bukinska, Emilivska, Osynova, Serednya, Yurska)12. Nosachivske field13. Paromivske field14. Stremyhorod field15. Tarasivske field16. Trostyanets field17. Yurivska block18. Avramivska block19. Pidlisna block20. Selyshchanska block

Cherkasy region

State Geologic and Subsoil Survey of UkraineTitanium ore spots

17

16

13

3

1456

1011

15

7

1

489

18

Kyiv region

10

Fedorivske field

Licensed blocks Prepared for e-auction Is being prepared for e-auction

19

20

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Nickel, cobalt, chromium, copper, molybdenum Ukraine possesses considerable deposits of non-ferrous

metals and imports significant volumes of those for its own needs.

Explored fields and prospective areas are complex and mainly concentrated within the Ukrainian Crystalline Belt.

The production of these minerals is either not carried out or is very limited.

The estimated reserves are (thousand tons):nickel – 215, cobalt – 8.8, chromium oxide – 453; prospective resources (thousand tons):chromium oxide – 3120, copper – 95.

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State Geologic and Subsoil Survey of Ukraine

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State Geologic and Subsoil Survey of Ukraine

LYPOVENKIVSKElicense

ores of chromium, nickelcobalt

production license

Kirovohrad region

42 ha

the content of Co –up to0.043%, Ni – up to 1.05%

chromium ore reserves(thousand tons) cat. C1 –1.061ores of cobalt-nickel-silicatecat. A+B – 4694contingent – 3225

KARNAUKHIVSKAlicense

nickel, cobalt, iron ores

exploration & developmentlicense

Dnipropetrovsk region

250 ha

content of Ni – up to 0.7%Fe – up to 36.05%Co – up to 0.074%

ore reserves (thousand tons):Ni – 63, Co – 6, Fe – 3

Open for nominationAuction12.03.2021

https://www.geo.gov.ua/en/open-bids/

PROSPECTIVE FIELDZALISY-SHMEN’KYlicense

ores of copper

exploration & developmentlicense

Volyn region

2337 ha

content of Cu – up to 2.6%

ore reserves (thousand tons):cat. P2 – 160

Auction25.02.2021

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State Geologic and Subsoil Survey of Ukraine

https://www.geo.gov.ua/en/open-bids/

ores of copper, nickel, cobaltaccompanying minerals –platinum, palladium

exploration & developmentlicense

Zhytomyr region

290 ha

content of Ni – 0.66%Cu – 0.063%, Co – 0.013%

resources (thous. tons) cat. P3:Ni – 151, Cu – 14, Co – 3

ZHELEZNIAKYlicense

Open for nomination

VERBYNSKAlicense

molybdenum ore

exploration & developmentlicense

Zhytomyr region

290 ha

content of Mo – up to 2%

resources (thousand tons)cat.С2: molybdenum ore –1.792Мо – 5; cat. Р1 : molybdenum ore –90, Мо –2.7

Open for nomination

SHIDNOSERHIIVSKYIprospective field

molybdenum ore

exploration & developmentlicense

Dnipropetrovsk region

96 ha

content of Mo –0.023–0.11%

resources (thousand tons):cat. Р1 – 85.7cat. Р2 – 78.3

Is being prepared for e-auction

ores of talc-magnesitenickel, cobalt

exploration & developmentlicense

Dnipropetrovsk region

127 ha

content of Ni – up to 0.5%

ore reserves (thousand tons)cat. C2: talc-magnesite –75739, Ni – 73, Co – 4

SUKHOKHUTIRSKAlicense

Open for nomination

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Non-ferrous metal spots

Zhyrychi field Volynregion

South-Rafalivskyi prospective field

Rivne region

Zhytomyr region

Prutivskyiprospective field

Zhelezniaky block

Kirovohradregion

Dnipropetrovsk region

Kapitanivske fieldCentral section

Lypovenkivske field

Mykolayivregion

West-Lashchivska block

Sukhokhutirska blockKarnaukhivska block

14

State Geologic and Subsoil Survey of Ukraine

Verbynska block

Skhidnoserhiivskyi prospective field

Zalisy-Shmen’kyprospective field

Licensed blocks

Prepared for e-auction

Can be nominated for an auction

Auction

Page 15: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Tantalum, niobium, beryllium, zirconium, scandium Within the Ukrainian Shield there were discovered complex fields

and prospective areas of rare and rare earth metals.

Zirconium and scandium are concentrated in placer and indigenousdeposits in significant quantities, however, their extractionis not carried out.

Reserves of tantalum pentoxide, niobium, beryllium are registeredwithin six deposits, production is carried out within Malyshevskeand Vovchanske fields.

Lipnyazhske, Tashlytske and Novostankuvatske prospective areasbelong to one structure, there are also prospective areas ofberyllium, lithium (Dobra license). Both licences are offered forexploration and can be considered as one investment project.

bls-coltan.com15

State Geologic and Subsoil Survey of Ukraine

Page 16: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

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State Geologic and Subsoil Survey of Ukraine

Technogenic fieldMAZURIVSKE(Eastern section)

niobium ores, zirconium, feldspar

production license

Donetsk region

9 hа

content of ZrO2 – 0,172%Nb2O5

feldspar reserves(thousand tons) cat. В+С – 826;niobium, zirconium – 'forofficial use only' Information

zirconium ores, titanium ores

exploration & developmentlicense

Kharkiv region

780 hа

resources (thousand tons):Zr – 87, rutile – 124ilmenite (contingent) – 782

Open for nomination

ZOLOCHIVSKA license

Is being prepared for e-auction

https://www.geo.gov.ua/en/open-bids/

– 0,095%

Page 17: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

6

Rare earth minerals spots

Licensed blocks

Prepared for e-auction

Can be nominated for an auction

Auction

1. Lypnyazkyy prospective field2. Tashlytsky prospective field3. Novostankuvatske prospective field4. Anadolske field5. Dianivske prospective field6. Zhovtorichenske field7. Gurivske prospective field

Mazurivske Eastern section

Mazurivske Nothern section

Dnipropetrovsk region

Vovchanske field

Novopoltavske field

Malyshyvske field

Kirovohradregion

3 2

Mostove block

1

Perzhanske field

Zhytomyr region

Starodubivskyi prospective field

5 4

Yastrebetska block

7

17

State Geologic and Subsoil Survey of Ukraine

Donetsk region

Zaporizhzhiaregion

Zolochivska blockKharkivregion

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Gold

Ukraine has a gold ore reserves of 3000 tonsand may take one of the leading placesin gold mining in Europe.

Seven fields have been discovered, five concessionlicenses have been issued, and production is currentlycarried out at Muzhiyivske field.

New licenses for exploration and development areopen for e-auctions.

18

State Geologic and Subsoil Survey of Ukraine

Page 19: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Sold December, 2020

ZHOVTOVODSKA license

Dnipropetrovsk region

1150 hа

29 wells drilled, total depth 7.4 thousand m

accompanying mineral – niobium

gold content – avg 1.22–2.78 g/t min. 0.8 g / t; niobium – 20–50 g/t

contingent resources(thousand tons): P1 – 16.5P2 – 12, P3 – 11

Odesa region

252 hа

177 wells drilled,total depth –64,5 thousand m, mine shaft’s depth – 204 m

gold content –avg 3.4 g/t

contigent resources (thousandtons): P1 – 22, P2 – 19

MAISKA license

Open for nomination

KVITKIVSKAlicense

Odesa region

668 hа

25 wells drilled total depth –8.9 thousand meters

gold conten – 0.1–14.7 g/t

contingent resources(thousand tons): P2 – 40

Kvytkivska and Mayska blockscan be considered as a singleinvestment project

Open for nomination

Dnipropetrovsk region

206 hа

285 wells drilledtotal depth 92.5 thousand m;the mine shaft’sdepth – 168 m

gold content – avg 7.1 g/tmin. 3.9 g/t

contingent resources(thousand tons):P1 – 12.5, P2 – 15

BALKA SHYROKA license

Open for nomination

State Geologic and Subsoil Survey of Ukraine

19https://www.geo.gov.ua/en/open-bids/

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Заліцензовані об’єкти Підготовлені на е-торг Аукціон 23.12.2020

Licensed blocksPrepared for e-auctionSold

State Geologic and Subsoil Survey of UkraineGold ore spots

Sauliak fieldKvasivskeprospective area

Beregivske field

Muzhiivske field

Zakarpattiaregion

Bobrykyvskefield

Luhansk region

Kvitkivska fieldMaiskа block

Odesaregion

KlyntsyvskefieldKirovohrad

region

Sergiivske fieldBalka Shyroka

block

Zhovtovodskablock

Dnipropetrovsk region

20

Can be nominated for an auction

Zolota Balkafield

Page 21: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Black Sea Shelf

Yusivska

HydrocarbonsResults

Two concession licenseswere sold via e-auctions

Signing of 8 PSAs

Re-launch of Yuzivska PSA

Launch of offshore projectsin the Black Sea

Plans

Signing of new PSAs

Re-launch of Oleska PSA

New concession licensesprepared for e-auctions

21

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YULIIVSKA field (ZOLOCHIV block)

SOUTH-RUSANIVlicense

hydrocarbons

exploration & productionlicense for 20 years

Sumy region

310 km

inferred resources(class code 334):natural gas – 3.33 billion m

22

2

3

natural gas, condensate;accompanying minerals –ethane, propane, butanes

production license for 20 years

Kharkiv region

14 km

OLESKAlicense

hydrocarbons

exploration & productionlicense, till 2063

Open for nomination

Lviv region,Ivano-Frankivsk region

6300 km

contingent resources ofunconventional gas – 3 trillion m

«Nadra Oleska» LLCis a license holder

3

PSA

Auction21.04.2021

State Geologic and Subsoil Survey of Ukraine

https://www.geo.gov.ua/en/open-bids/

22

developped & undevelopped reserves:natural gas – 1128 million m 3condensate – 251 thousand tons

Open for nomination

Page 23: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Detailed geological information

Metallic mineralsKirovgeology (uranium, gold) Chief geologist Oleksiy Mychaylychenkotel. 068 598 5095, [email protected]

Ukrainian Geological Company (lithium, non-ferrous metal)CEO Bohdan Slobodiantel.: 095 444 2168, [email protected]

SE «Geoinform» (lithium)Chief geologist Natalia Kovalenkotel.: 044 456 3027, [email protected]

State Commission of Ukraine on Mineral ResourcesDeputy Head Vadym Karly – tel.: 044 284 9357

Oil and gas depositsSE «Ukrnaukageocentr» (Ukrainian Scientific Geological Center)(reports, well geodata)Deputy Chief geologist Sergiy Vynogradovtel.: 050 289 6897, [email protected]

SE «Ukrgeophysics» (seismic data and processing)Chief geologist Ivan Semchuk – tel.: 050 304 6448

NJSC «Nadra of Ukraine» (Oleska PSA)First Deputy Chairman of the Board Sergiy Paiuktel.: 044 454 1502, [email protected]

23

Auctioning

State Geologic and Subsoil Survey of Ukraine

Head of Auction Department Valeria Olefirtel.: 044 456 6056, [email protected]

Head of international cooperationMykhaylo Kamasatel.: 044 456 2357, [email protected]

Assistance in selection of fields for investment

SE «Geoinform» Director of the Geological and Economy Expertise Center Maya Tkachenko – tel.: 097 431 2350, [email protected]

Support on doing business in Ukraine

UkraineInvestInvetment Advisor Andrii Pavlivtel.: 044 256 78 [email protected]@ukraineinvest.gov.ua

Membership

Page 24: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Annexes

Page 25: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Cabinet of Ministers Resolution № 993 dated September 23, 2020

Obtaining a Special Permit (License) through E-auction

1. Signs the protocol of auction2. Pays a fee to the exchange operator3. Concludes a contract of purchase and sale of a special license4. An agreement on compensation of state expenses for exploration

works is concluded

5. Pays the fee to the state budget6. Concludes an agreement on terms

and conditions of subsoil use7. Receives a license

Winner:

Application to State Geologic and Subsoil Survey of Ukraine (SGSSU)

Initiation of license listed in the Investment Atlas

Nomination of a license proposed by investor

Local authorities

Approval of local minerals

45 days

Ministry of environment

Approval for granting special licenses

15 work days

SGSSU

Preparation of the auction documentation package

14 days

SGSSU

Auction announcement

Prozorro.Sales

Repeated auction with 50% discount

30 days

Prozorro.Sales

Auction to increase the starting price

50/90 days

Prozorro.Sales

Auction to reduce the starting price

15 days

Ministry of Environment

Environmental impact assessment and public hearings to start production

25

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Concession

Easy way to obtain E&P license for up to 20 years through e-auctions

State Geologic and Subsoil Survey of Ukraine

26

Ukrainian Government announced the Open Door Policy for foreign investors

Farm-in

Partnerships withcurrent license holders

PSA

Agreement with the Government for up to 50 years with fiscal stability and international arbitration clauses

Page 27: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

The Government encourages new upstream investments

State Geologic and Subsoil Survey of Ukraine

27

processing and enrichment

> € 20 millions of investment

> 80 jobs created

> 30% CAPEX

< 5-year project implementation period

Project requirementsIncentives

up to 30% compensation of investments

tax relief: exemption of income tax for up to 5 years,

VAT and customs duties for importing new equipment

land plots allocation

infrastructure settlement

Page 28: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Licensed fields and open offersActivity Owner Type of activity Terms Activity Region Type of activity

Ukrlitiyvydobuvannya production 2017–2037

Existing Concession licenses Сoncession licenses offers

Shevchenkivske fieldBalka Kruta fieldStankuvats’ka field

DonetskZaporizhzhiaKirovohrad

Polokhivske field productionexplorationexploration

West Lashchiv blockZhyrychi fieldSouth Rafalivskyi prospective fieldPrutivskyi prospective fieldKapitanivske field (Central section)

VIP-TradeVolynpryrodresursNorthWest MiningColormet of UkraineFerrexpo

productionproduction explorationexplorationproduction

2016–20262017–20372016–20212019–20242014–2024

Zheleznyaky block Lypovenkivske field Karnaukhivska block Sukhohutirska blockZalisy-Shmen’ky prospective field

ZhytomyrKirovohradDnipropetrovsk DnipropetrovskVolyn

explorationproductionexplorationexploration

Vovchanske fieldMalyshevske fieldNovopoltavske fieldMostove block

Demurinsky Mining and Processing PlantJSC UMCCVolyn Mining and Chemical CompanyTaurus Infinity

exploration*production*explorationproduction

2002–20312007–2027 2009–20292019–2029

Mazurivske field (North section)Mazurivske tecnogenic field (East s.)Lypnyazkyi prospective fieldTashlytskyi prospective fieldNovostankuvatske prospective field

DonetskDonetskKirovohradKirovohradKirovohrad

explorationproductionexplorationexplorationexploration

Perzhanska field Perzhanska Ore Company production 2019–2039 Lypnyazkyi prospective fieldTashlytskyi prospective fieldNovostankuvatske prospective field

KirovohradKirovohradKirovohrad

explorationexplorationexploration

Yastrebetska blockAnadolske field

CFR Group LLCRM Minings LLC

explorationproduction

2009–20242019–2034

Azovske fieldZhovtorichynske fieldHurivskyi prospective fieldStarodubivskyi prospective fieldDianivskyi prospective fieldZolochivska block

DonetskDnipropetrovskDnipropetrovskDonetskDonetskKharkiv

explorationexplorationexplorationexplorationexplorationexploration

Chervona block Rud Investium exploration 2020–2025 Verbynska blockSkhidnoserhiivskyi prospective field

ZhytomyrDnipropetrovsk

explorationexploration

Lithium ores

Nickel, cobalt, copper chromium

Tantalum, niobium, apatite-rare metal ores

Beryllium, zinс

Zirconium, scandium, rare earth elements

Molybdenum

28

exploration

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Tarasivske fieldBalka Kruta technogenic fieldVovchanske fieldYurivska blockStremyhorodske fieldLivoberezhne fieldTrostyanetske fieldMezhyrichnefield (Isakivska,South s.)Mezhyrichne field (B., E., O., S., Y. s.)Malyshevske field (C., E., W. sections)Malyshevske field(M.-A.,N-W sections)Valky-Gatskivske fieldByrzulivske fieldLikarivske fieldNosachivske fieldParomivske fieldKrasnorichynske fieldAvramivska block

Rutile-ilmenite companyKoliorovi metalyDemurinsky Mining and Processing PlantTitanium-apatite groupValki IlmeniteZhytomyrburrozvidkaZhytomyrburrozvidkaJoint Mining and Chemical CompanyMezhyrichensk MCCJoint Mining and Chemical CompanyMotronivsk MCCValki IlmeniteVeltaVeltaTioFabZhytomyrburrozvidkaZhytomyrburrozvidkaTsentrUkrGeologiya

productionproduction *production *explorationproductionproduction productionproduction *production *production *production *production * production *productionproductionexplorationexplorationexploration

2012–20322003–20332002–20312019–20242004–20322013–20332004–20342015–20352002–20322007–20272013–20332001–20312015–20232019–2039 2007–2027 2013–20172013–20172020–2025

Malyshevskefield (North West sections)Kropyvnian fieldVydyborz’ka prospective fieldFedorivske fieldKorchakiv prospective fieldBilovodskyi prospective fieldHaidarivskyi prospective fieldKhrapivshchyna prospective fieldPidlisna blockSelyshchanska block

DnipropetrovskZhytomyrZhytomyrZhytomyrSumySumyKharkivSumyZhytomyrZhytomyr

productionproduction explorationproduction explorationexplorationexplorationexplorationexplorationexploration

Muzhiivske fieldSauliak fieldSerhiivske fieldBobrykivske fieldKlyntsivske fieldBerehivske fieldKvasivske prospective field

Karpatska Rudna CompanySauliakStone processing company of UkraineDonetskyi KryazhLyra Mine MineralsKarpatska Rudna CompanyWestern Geological Explorational Company

production *production productionproductionproductionexplorationexploration

2012–20322010–20302010–20302013–20182019–20342020–20242019–2022

Zolota Balka fieldZhovtovodska block Balka Shyroka block Kvitkivska block Maiska block

Dnipropetrovsk Dnipropetrovsk DnipropetrovskOdesaOdesa exploration

explorationexplorationexploration

UraniumCentral fieldMichurynske fieldVatutinske fieldNovokostyantynivske fieldMykhailivska blockNovohurivska blockSafonivska blockSurska block

SkhidGZKSkhidGZKSkhidGZKSkhidGZKNuclear Energy Systems Of UkraineNuclear Energy Systems Of UkraineNuclear Energy Systems Of UkraineNuclear Energy Systems Of Ukraine

production * production *production * production *explorationexplorationexplorationexploration

1997–20371997–20322002–20372027–20362018–20212018–20212018–20212018–2021

Aprelske fieldDokuchaevske fieldLisne fieldLitnie fieldPartyzanske fieldSeverynske fieldSadova blockKhrystophorivska block

KirovohradKirovohradKirovohradKirovohradKirovohradKirovohradMykolaiv Kirovohrad, Dnipropetrovsk

productionproductionproductionexplorationexplorationproductionexplorationexploration

Zavallivske field (Zarichna section)Zavallivske field(South-East section)Balakhivske field (South section)

Pobuzhzhya’s Development LCCZavally Grafit KombinatUkrainian supply group

production *productionproduction

1996–20352019–20392019–2039

Burtynske field (Horodnyavska section)Burtynske field (Khmelivska section)Mlynkivska prospective field

KhmelnytskyiKhmelnytskyiKirovohrad

productionexplorationexploration

Graphite

Titanium: zircon-rutile-ilmenite-apatite placers, scandium

Gold ore

* In production29

production

Page 30: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

construction sandsprimary koalinbuilding stonefacing stone

6809894376089.2classified

644.38

natural gasgas of compacted rocksoilcondensateanthracite coaluranium (ore)peat

bln m

Proved reserves, mln tons

1

18836.5216712096.32253.4365.860.378.4672.50.453

–0.0155

Mineral resource base of Ukrainekey minerals used by domestic industry

157.43.9 8.54.9 0.98 0.1 0.45 8.0 –

––

+3400-210-260-47-7–+540-6-7-10

Metallurgy

Agrochemichal industry

–-13-50-50-27

71.911.1105250100

–––––

Fuel and energy complex

-2900–-6580–-2800-520-3

20.7–1.70.8 25.50,60.6

6403301.5723.8–215.68.83classified

classified

classified

11.4classified

classified

4.913760.7

bln m3

3

bln m 3

Construction industry

+4none data

none data

+7

298 mln m

365.5 mln t7898 mln m

333.4 mln m

12.5 mln m

1.2 mln t27.2 mln m

0.577 mln t

3

3

3

3

3

4

––––––550–0.42

–15.60.0320.281.5

-220-0.1-0.1-0.1-68+0.4+154––

–+22–none data

+1

Mechanical engineering, electrical industry

30

3

2

Source:State research and production enterprise

«State Information Geological Fund of Ukraine», State Statistics

Notes:1. Categories A+B+C1 (according to the Ukrainian national classification)2. Category C2 (according to the Ukrainian national classification)3. Petroleum products and LPG account for 5.5 and 0.780 million dollars.4. 70% of nuclear fuel is made of foreign uranium

Proved reserves, mln tons

1 Annual productionmln tons

Export/import

USD mln

Proved reserves,

thous. tons1 Annual

productionthous. tons

Export/import

USD mln

aluminumleadzinccoppernickelcobalttitanium (ore)lithiumtantalum oxideniobium oxideberyllium zirconium oxidescandium oxidehafniumgraphite

Annual productionmln tons

Export/import

USD mln

Proved reserves, mln tons

1Annual

productionmln tons

Export/import

USD mlnapatite phosphoritemagnesitepotassium saltsnative sulphurProved

reserves, 1Annual

productionExport/import

USD mln

iron oremanganese orecoking coalflux limestonedolomitebentonite clayskaolin (secondary)molding sandschrome

molybdenumvanadium oxide

classified

Page 31: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Procedure for Granting Access to Geological Information Designated as «For Official Use Only»

Step 1

a letter of request shall be sent to the head of SGSSU with arequest to be made aware of the geological information

Step 2

SGSSU shall make a decision on granting access formaking aware of the geological information designated as«For Official Use Only»

Step 3

a subsoil user gets access to the information for makingaware in the information repository premises

a requesting company enters into a non-disclosureagreement with SGSSU

Additionally for foreign investors

A letter of request shall be accompanied with copies of identity documents confirming affiliation to a company operating in the field of subsoil use, indicating the purpose of being made aware of information

Forbidden!

- To transfer data to third parties

- To copy information

- To remove documents from the information repository

State Geologic and Subsoil Survey of Ukraine

31

Page 32: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

Procedure for Granting Access to Geological Information Designated as «Secret»(balance reserves in the country and uranium)

Step 1

a letter of request shall be sent to the head of SGSSU with a request to be made aware of the geological information

Step 2

SGSSU provides access to information on the basis of an agreed list with the Security Service of Ukraine

Step 3

the requesting company shall enter into a non-disclosure agreement with SGSSU

Important: the subsoil user's representative shall obtain the respective level of access – «For Official Use Only», «secret» –provided by the Department of Protection of National Security Information of the State Security Service upon request of a company

Forbidden!

- To transfer data to third parties

- To copy information

- To remove documents from the information repository

State Geologic and Subsoil Survey of Ukraine

32

Page 33: u Co Mo Investment Opportunities Li in Exploration & Production...Investment Opportunities in Exploration & Production Strategic and Critical Minerals Ministry of Environmental Protection

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Annual report 2020