World’s largest undeveloped tin deposit in Kazakhstan

Pre-Feasibility Study September 2013 – June 2015

Definitive Feasibility Study July 2015 – March 2016

EPCMApril 2016 – November 2017

ProductionDecember 2017

Milestone

Pre-Feasibility Study

АМЕС

Geology

CSA Global (Australia)

JORC MRE Report

Mine Design

AMC (UK + Canada)

JORC ORE Report

Process Testwork &

Design

SGS (Canada) + AMEC (Canada)

Processing plant & Tailings

storage design

PFS Report

Environmental Study

Golder (Canada, Russia) +

Terra (Kazakhstan)

PESIA

Infrastructure Design

AMEC (Canada)

Infrastructure design & General layout

Geology

Confirmation and Infill drilling campaign, sample preparation and assays completed over a period from September 2013 to January 2014;

Geological resources and JORC-compliant MRE report developed by CSA Global, Australia 30 March 2014. As a results, both geological tin resources and by-products upside potential have been significantly increased. According to the Report, Syrymbet project is the world-largest undeveloped tin deposit;

A Syrymbet preliminary hydrogeological conditions report developed by Golder Associates in May 2014;

A Project hydrology (on hydrometeorological conditions of the project) report developed by Golder Associates and submitted to and АМС АМЕСfor further project design studies;

In-situ by-products resources are re-estimated across the deposit covering tungsten, copper, zinc, magnetite and fluorite.

Project Status

Project Status Mine Design

AMC-GMP consortium has started the preparation of the mine design. АМСConsulting is finalizing the Stage 1 of the Mine Design work.

Open-pit Geotechnical Report developed by and submitted to АМЕС АМСfor the mine design purpose.

Process Testwork Bulk process samples collected and shipped to SGS Canada, SGS Cornwall

(UK) and TOMRA (Germany) for testwork investigations. Testwork findings produced are promising for tin, tungsten, copper, zinc, magnetite and fluorite recovery. The test work will be completed by end of February 2015.

Environmental Study (PESIA) Field measurements and baseline data collection carried out through all 4

seasons of a year;

Public hearing and local communities interviews completed in order to assess social and economical conditions existing at the project area

Precise topomaps of the project area produced

JORC-Code Mineral Resource Estimate Summary (SCA Global, Australia, 2014)

Business Road Map 2020

The state-sponsored program Business Road Map 2020 includes the following items related to Syrymbet project:

Construction of a 110kV, 24-km long HV Line worth a total of $10M USD has been approved by all industry-related ministries and included in the Government program with finance allocated for the HV line construction in 2015;

Reconstruction of a 25-km access road to the Syrymbet minesite worth of $5M USD is being designed. Once a road design is completed and run through the State Expert Review board, a construction and financing application will be submitted in January 2015 for further approval.

• Syrymbet project is the world-largest and the only explored tin deposit in Kazakhstan with commercial grades of such by-products as tungsten, copper, zinc, magnetite and fluorite.

• The project has a well developed infrastructure platform and it is favorably located close to major consumers. The nearest railway station is at 31 km. A 10-kW HVPL and a graded access road are currently available. As part of the Government-sponsored program Business Road Map 2020, funds for a new 110kV 24-km long HVPL construction have been approved with the construction phase to commence in 2015 worth a total of 10 million USD.

• The project involves world leading engineering and consulting companies from Canada, England and Australia. Each project stages are worked on in accordance with international standards as well as Kazakhstan regulations.

• The project existing infrastructure comprises of year-round field camp for 60 people with Internet and telephone communications, core shack for 100, 000 geological samples, fuel oil boiler house, stand-by diesel genset, storage facilities and mobile equipment garages.

Highlights

Camp Storage Facility Drilling

Core Storage Historical Samples On-site Employees

Our Contractors

is a global leading provider of EPCM services, АМЕСwith annual revenue over 6.4 billion CAD and over 29000 employees working in 40 countries. is a АМЕСgeneral contractor for developing PFS for the project.

SGS is one of the world largest research companies. The Company is contracted for doing a comprehensive processing testwork program for Syrymbet in its laboratories in Canada and UK.

is a leading mining consulting company operating АМСAustralia, Canada and UK. The Company is contracted for making a compelte mine design and JORC-compliant mineable reserves estimate.

Our Contractors

ALS (Ireland) is one of the global leading analytical companies. The Company maintains ~50 laboratories through 200 regional offices.

CSA Global (Australia) is one of the leading international exploration and mining consulting companies. The Company is involved in ore reserves estimation for the project.

Golder Associates is a reputable international consulting company focusing on environmental and social-economical projects, with 8000 employees working in 180 offices located globally.