Central Kazakhstan – 1M oz AU

Central Kazakhstan Open-Pit Gold Project (AIFC)

INVESTMENT OPPORTUNITY | CENTRAL KAZAKHSTAN. A fully permitted, high-yield opportunity to acquire or co-invest in a rapid-restart heap-leach gold asset strategically located in a major tier-one mining district. Features an operational 8-year mine life with immediate near-term cash flows, an after-tax NPV of US$180 Million, a 69% IRR, and massive geological resource upside to over 1M oz Au. Fully structured under English law via the AIFC framework for complete investor protection. Location: Karaganda Region Corridor, Central Kazakhstan.

Confidential Project Overview: Central Kaz Gold Property (Project X)

Executive Summary Project X represents a rare opportunity to acquire a fully permitted, brownfield gold asset in Central Kazakhstan with a proven production history. Structured as a staged acquisition under the legal protections of the Astana International Financial Centre (AIFC), the project requires a US$32 Million injection to rapidly resume existing open-pit oxide heap-leach operations and seamlessly transition to a major, long-term sulphide processing hub.

1. Production Profile & Phased Development Plan

The project is optimized to unlock immediate, low-capex cash flows while simultaneously constructing long-term processing infrastructure:

• Phase 1 (Months 1–5): Rapid operational restart of the existing heap-leach circuits, targeting an initial oxide production rate of ~12,500 ounces in Year 1.
• Phase 2 (Years 2–8): Optimization of open-pit mining to increase oxide throughput to approximately 1.0 million tonnes per annum, generating an average annual production of 31.4K ounces.
• Phase 3 (Parallel Expansion): Construction and commissioning of a 1.1 million tonnes per year sulphide ore processing plant at the mine site to unlock deep, high-grade sulphide reserves.

2. Institutional Financial Metrics

Modeled on a conservative, long-term consensus gold price of US$3,400 per ounce, Project X stands out as a high-margin asset with elite capital protections:

• Net Revenue: US$760 Million
• Undiscounted Cash Flow: US$300 Million (After CAPEX payback)
• After-Tax NPV (@ 8%): US$180 Million (After CAPEX & full purchase payback)
• Internal Rate of Return (IRR): 69%
• All-In Sustaining Cost (AISC): US$1,700 per ounce
• Payback Period: 1 Year

Capital Deployment Rigor: Capital is staged strictly over a 12-month timeline via defined monthly allocations ($15M Month 1, $8M Month 2, $9M Month 3) to fund acquisition installments, advisor fees, and engineering. Crucially, the remaining balance of the asset purchase price is funded entirely out of operational cash flow.

3. Tier-One Legal and Jurisdictional Protections

To mitigate geopolitical risk, the asset is incorporated within the AIFC special economic zone, guaranteeing international legal standards until 2065:

• Legal Regime: Fully governed by English Common Law with a completely independent judicial system and arbitration framework.
• Capital Freedom: Zero restrictions or limitations on foreign currency transactions, incoming capital, or dividend repatriation.
• Ownership Security: Permitted for 100% foreign corporate ownership with no mandated state or government participation.

4. World-Class Management & Technical Team

The project will be operated by an established corporate and technical team. Every senior executive—including the CEO, COO, Projects Development Director, and the JORC-Qualified Geology Director—holds a minimum of 30 years of direct global mining experience in asset evaluation, open-pit construction, and Central Asian government affairs.