境外投资项目推介——中东金矿项目

Kazakh mining company with deposits in Central

Asia and the Middle East

Open-pit gold mine

JORC compliant mineable reserve of 54 M @ 1 .28 g/t Au containing 2.3 Moz Au     (95% M+I)

Average stripping ratio – 0.92

Heap leaching technology§    Average recovery – 73%

Operating mine (launched production in Oct 2015)

Excellent timing to reserve a position is an opening market for investors

Kazakh team with over 20 years of experience working together with Iranian               community

Developed, listed and sold a gold mining company to an international strategic           player for $250M+

Potential for gold mineralisation identified by a global top-5 metals & mining             corporation in 1999

Detailed surface exploration initiated in 2000

Extensive diamond drilling program (some 60,000 meters) completed in 2005

Definitive Feasibility Study completed by top international company for tank                 leaching and updated by Russian design institute to heap leaching

Cut-off grade – 0,8 g/t

Oxide: 54 Mt @ 1 .28 g/t, 2.3 Moz (95% M+I)

Sulphide: 111 Mt @ 1.54 g/t, 5.51 Moz (75% M+I)

At this stage mining of oxide ore only is determined to be economic. Sulphide resource, economics of which need to be reassessed, is a potential upside

Excellent mild climatic conditions

Abundant, qualified, and cost effective workforce is available nearby

An intercity highway is in close proximity

A well maintained secondary road connects the project with the highway

Gas pipeline and electricity line are in place

Water for technological needs is available

The project is exempt from taxation for 10 years

FIPPA act (Iran) for foreign investors

3% royalty rate

Capex – $75M (mostly sunk costs)

$120-150M is seeked via Dubai holding vehicle

Debt financing/off-take agreement

Option to acquire an equity stake can be provided to the lender under the transaction