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This Document comprises an institutional update presentation (the “Presentation”) which has been prepared by and is the sole responsibility of Central.

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Presentation on theme: "This Document comprises an institutional update presentation (the “Presentation”) which has been prepared by and is the sole responsibility of Central."— Presentation transcript:

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2 This Document comprises an institutional update presentation (the “Presentation”) which has been prepared by and is the sole responsibility of Central Asia Metals plc (the “Company”) THIS PRESENTATION IS FOR INFORMATION ONLY AND NEITHER CONSTITUTES NOR FORMS NOR SHOULD BE CONSTRUED AS CONSTITUTING OR FORMING PART OF A PROSPECTUS RELATING TO THE COMPANY, OR ANY OFFER OR INVITATION TO SELL OR ANY SOLICITATION OF ANY OFFER TO PURCHASE, TO UNDERWRITE OR TO SUBSCRIBE FOR ANY SECURITIES IN THE COMPANY OR TO ADVISE PERSONS TO DO SO, IN ANY JURISDICTION IN WHICH SUCH SOLICITATION OR SALE WOULD BE UNLAWFUL OR AN INVITATION OR INDUCEMENT TO ENGAGE IN INVESTMENT ACTIVITY UNDER SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (“FSMA”) NOR SHALL IT OR ANY PART OF IT FORM THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY CONTRACT THEREFORE. THIS PRESENTATION IS NOT DIRECTED TO, OR INTENDED FOR DISTRIBUTION OR USE BY, ANY PERSON OR ENTITY THAT IS A CITIZEN OR RESIDENT OR LOCATED IN ANY JURISDICTION WHERE SUCH DISTRIBUTION OR USE WOULD BE CONTRARY TO ANY LAW OR REGULATION OR WOULD REQUIRE ANY REGISTRATION, LICENSING OR OTHER PERMISSION. BY ATTENDING THE MEETING WHERE THIS PRESENTATION IS MADE, OR BY READING THIS PRESENTATION, YOU AGREE TO BE BOUND BY THE LIMITATIONS CONTAINED IN THIS NOTICE. THE COMPANY'S PRINCIPAL ACTIVITY IS THE EXPLORATION AND MINING OF PRECIOUS AND BASE METALS IN KAZAKHSTAN AND MONGOLIA. INVESTMENT IN THE COMPANY IS HIGHLY SPECULATIVE AND INVOLVES A HIGH DEGREE OF RISK AND SECURITIES IN THE COMPANY SHOULD NOT BE PURCHASED BY PERSONS WHO CANNOT AFFORD THE LOSS OF THEIR ENTIRE INVESTMENT. This Presentation does not purport to contain all information that a prospective investor may require and is subject to updating, revision and amendment. No reliance may be placed for any purpose whatsoever on the information contained in this Presentation nor on assumptions made as to its completeness. No representation or warranty, express or implied, is given by the Company or any of its subsidiaries or controlled entities, advisers, directors, members, officers, trustees, employees or agents, as to the accuracy, fairness or completeness of the information or opinions contained in this Presentation and, save in respect of fraud or wilful default, no liability is accepted for any such information or opinions (which should not be relied upon) or for any loss howsoever arising, directly or indirectly, from any use of this document or its contents or information expressed in the Presentation. The information and opinions contained in this Presentation are provided as at the date of this Presentation and are subject to change without notice. The Company does not undertake or agree to any obligation to provide the attendees with access to any additional information or to update this Presentation or to correct any inaccuracies in, or omissions from, this Presentation that may become apparent. The contents of this Presentation have not been approved by an authorised person within the meaning of the FSMA. The distribution of this Presentation in certain jurisdictions may be restricted by law and therefore any person into whose possession this Presentation comes should inform himself about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the laws of any such other jurisdictions. This Presentation is not for distribution in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement, and, in particular, it or any copy of it, should not be distributed directly or indirectly, by any means (including electronic transmission) either to persons with addresses in Canada, Australia, Japan, the Republic of South Africa or the Republic of Ireland, or to any citizens, nationals or residents thereof, or to any corporation, partnership or other entity created or organised under the laws thereof, or to any US person (as defined in Regulation S of the Securities Act). Any such distribution could result in a violation of Canadian, Australian, Japanese, South African, Irish or United States law. 2 DISCLAIMER

3 3 KOUNRAD PROJECT STRUCTURE Central Asia Metals plc (“CAML”) is a London based AIM-listed company; CAML first proposed implementation of solvent extraction and electro-winning (also known as “SX-EW”) technology in 2007 for copper recovery at Kounrad; The project was included into the State Program on Forced Industrial-Innovative Development for the years ; CAML raised $60m of foreign investment funds at IPO in October 2010; CAML completed construction of the Kounrad SX-EW copper recovery plant in early 2012 at a cost of $39m – approximately 15% below the budget; Built in 21 months, the plant with annual production capacity of 10,000t, commenced production of copper in late April 2012; Kounrad produced 10,509 in 2013, some 5% above target. The project is currently under joint ownership, however CAML is looking to complete the acquisition and to become a 100%- owner of the project during 2014.

4 4 KOUNRAD RESOURCES Eastern dump cluster Western dump cluster The pit and adjacent area – satellite view Northern Dumps WAI 2013 Resource Estimate JORC Code (2004) Resource type Category Quantity, Mt Average Grade, % Contained copper, kt Eastern Dumps Indicated + Inferred * Western Dumps Indicated + Inferred Northern Dumps Indicated + Inferred Grand Total * Includes 81.2kt of contained Cu at GKZ-approved C1 category

5 5 Kounrad project: 10ktpa SX-EW plant in production; Large low-grade copper dumps in east-central Kazakhstan; Open Pit Mine located 18km north of the town of Balkhash, and was operating from 1936 to present time The plant design was developed by Beijing General Research Institute of Mining and Metallurgy (“BGRIMM”) with a participation of DGP GNPOPE “Kazmekhanobr”; The plant construction commenced in July 2010 and essentially completed in December 2011; CAPEX c.$39m: approx. 15% below $46.9M budget; First copper production on 28 of April 2012; Successful continuous operation throughout , including two full winter seasons; Total production for is more than tons of 99.99% (LME A, M00K) grade copper; Approximately 90% of this copper has been sold overseas via Traxys, with the remaining 10% sold locally. KOUNRAD REVIEW

6 6 KOUNRAD Plant site, August 2010 Plant site, August 2013

7 7 SX-EW FLOWSHEET DIAGRAM PROCESS IN USE GLOBALLY Aberfoyle (Australia) and over ten other operational dump- leach projects internationally: Chuquicamata, Los Bronces, El Chino and Silver Bel (Chile). Operational SX-EW plants internationally: Kansanshi and Chingola (Africa), Chuquicamata, Quebrada Blanca and El Teniente (Chile), Mount Isa, and 30 operational plants in China. Over 30% of refined copper production comes from SX-EW plants

8 8 LEACHING GENERAL LAYOUT Current leaching operations are focused on dumps 9-10, 6 and 7

9 9 LEACHING RECOVERY PROGRESS (Design– 51%) As on the 31 of December 2013

10 10 OPERATION PROCESS KPI (Проект – 85%) SX RECOVERYPLANT WORKING HOURS (Design– 93%)

11 11 PRODUCTION

12 Total number of personnel- 235 employees. The workforce comprises over 99% of local high qualified and skilled workers; with just two foreign experts in the areas of SX-EW metallurgy and HS&E. Active staff training and educational development programmes. 12 PERSONNEL

13 13 Comprehensive corporate and social responsibility policy in place, covering all safety, environment and community aspects. 496 LTI free days equal to 883,246 man/hours since start of production. Active social assistance programme in the local region of Balkash and Kounrad. 13 CSR POLICY

14 14 KOUNRAD ENVORONMENTAL MONITORING Ground water sample collection Interception trench 88 monitoring boreholes covering the entire length of trench, adjacent area and plant background territory. 6 monitoring drainage sumps. Centralized plant drainage system. Weekly sampling and assaying. Additional interception trench behind the plant site.

15 Completion of boiler house expansion is scheduled for September 2014, with a view to increasing current annual production plan up to 11,000tpy. The aim is to smooth the production dips seen during the winter period by doubling the amount of solution that can be heated. The Company, working with BGRIMM, is looking at several plant extension options, and a decision to implement one of them is expected shortly. Kazatomprom’s Institute of High Technologies (“IHT”) is developing the relevant mining design documentation for exploitation of western dumps. Western dumps exploitation is scheduled for start-up in Q FUTURE PERSPECTIVE

16 16 MANAGEMENT Pavel Semenchenko General director, Sary Kazna LLP With over 15 years of experience of managing businesses in Kazakhstan and a proven track record in the resources industry, Pavel has excellent management skills and an in- depth knowledge of the Kazakhstan’s business environment. Saken Ashirbekova, Director, Kounrad Copper Company LLP Saken joined CAML in 2010 in order to oversee the development of the commercial SX-EW plant at Kounrad. She was previously General Director of JSC Varvarinskoye, having worked for that company in Kazakhstan since Prior to that, she worked for Kazakhmys as a senior metallurgical engineer. She is a graduate of the Moscow Institute of Steel and Alloys with a degree and a PhD in metallurgy. Oleg Telnoi, Commercial Director Oleg joined CAML in 2007 with over ten years of experience in finance management for mining industry in Central Asia. He is a qualified engineer and received his MBA in Dmitriy Kan, Chief Metallurgist Dmitry holds a graduate degree in chemical process engineering from Kazakh-British Technical University. He is young yet quickly developing professional with strong and successful experience at Kounrad Copper Project and is studying for an MBA through company sponsorship.

17 17 CONTACTS 11 Albemarle Street London W1S 4HH


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