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November 2014 GoldBridges Global Resources Plc - A Growth Story Supported by Independently Appraised Reserve Base

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Page 1: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

November 2014

GoldBridges Global Resources Plc - A Growth Story Supported by Independently

Appraised Reserve Base

Page 2: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Introducing GoldBridges Global Resources Plc1

2

Listed gold producer with assets in Kazakhstan

Owns 100% of Sekisovskoye gold mine in East

Kazakhstan with reserves of 2.26Moz

Strategic turnaround delivered by major

shareholder following acquisition of stake in

December 2012

Strategy to deliver transformational growth via

higher grade underground mine targeting

>100Koz production

Identified growth opportunities beyond

Sekisovskoye such as adjacent licence -

Karasuyskoye field

Application to move from AIM to LSE listing

1 GoldBridges Global Resources Plc was previously known as Hambledon Mining Plc. It changed its name after an offer was accepted by African Resources to acquire up to 60% of

Hambledon shares.

Page 3: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Investment Highlights

3

Transformational

growth from core asset

to 100Koz p.a.

6 year production track record via open pit at Sekisovskoye; 2013 production of 31Koz gold, 35Koz silver

Move to large underground mine will transform Sekisovskoye output to 100Koz of gold by 2018

Scale, Independently

Appraised Reserves and

Resources

CPR published November 2014 appraising Sekisovskoye JORC reserves of 2.26Moz

Validates both ore body and management strategy; estimates based on substantial drilling program > 170km

Low cost of production,

robust economics

Targeted Sekisovskoye LoM operating costs of US$518/oz

CPR appraised NPV of Sekisovskoye of US$287m at $1,273/oz and $19.65/oz gold and silver price

Growth beyond core

asset

Geological data for Karasuyskoye Goldfields (c.198km2), purchased in October 2013

Adjacent to current operations, potential for synergistic open pit and underground development

Management to continue to identify targets aligned to strategy of becoming regional gold leader

Supportive shareholder

and management team

with proven delivery

track record

Major shareholder a proven operator of gold mines in Kazakhstan; first stage of strategic turnaround delineated

JORC report delivered, project development timeline clear, production growth achieved, cost based reduced

1

2

3

4

5

Page 4: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

1518

2119

21

30

13

100

110

100+

0

20

40

60

80

100

120

2008A 2009A 2010A 2011A 2012A 2013A 2014E 2015E 2016E 2017E 2018E 2030E

Go

ld P

ro

du

cti

on

(K

oz

)

Transformational growth from core asset to 100Koz p.a.

– Clear Development Path

4

1

[Source: VermynDeloitte Independent Competent Persons’ Report November 2014, Company data]

6 year production track record –

open pit

African Gold Resources stake

acquisition

Launch underground mine

Anticipated production >

100Koz for [22] years

Estimated Production CAGR

2013A-18E: c. 30%

Projected to deliver > 100Koz gold p.a. by 2017

1H ’14 -

Page 5: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

5

Transformational growth from core asset to 100Koz p.a. -

Sekisovskoye Underground- LOM Production Schedule

1

From 2018 estimated gold production averages in excess of 100 koz per annum

Page 6: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Sekisovskoye - Production Results – Significant Improvements

YoY

6

Operating cash cost per ounce of US$903 a 15% reduction from US$1,046 in 2012. Now reduced to US$744/oz in H1 FY14;

Positive FY13 contribution from underground mining of 7,157oz (2012: 3,347oz);

Average FY13 underground grade of 3.5g/t vs 2.75g/t in 2012.

H1 FY14 FY13 FY12 YoY % change

Total ore milled (t) 333,490 701,361 628,731 12%

Gold grade (g/t) 1.42 1.61 1.37 18%

Recovery (%) 83.4 84.3 80.4 5%

Poured gold (oz) 12,694 30,670 22,470 37%

Poured silver (oz) 17,380 34,905 27,198 28%

1

Page 7: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Scale, Independently Appraised Reserves & Resources –

Attractive Ore Body Validated by CPR

7

From -800m

to -1,500masl

Exploration

Targets24,400 4.21 3.3

From -400m

to -800maslInferred 14,700 4.21 1.99

Surface

to -400masl

Probable

Reserves17,2501 4.09 2.26

Indicated 15,7002 5.32 2.67

Inferred 3,500 4.21 0.48

Surface (+350masl)

-400masl

-800masl

-1500masl

1Modifying Factors: Mining losses of 5.9% and mining dilution of 22.4%; an average mining extraction factor of 90% on all the shear zones have been accounted for at mineral reserve estimation; the

average bulk density factor of 2.83t/m3 was applied to obtain the tonnages. [Probable reserves also contain c. 2.98Moz of silver at a grade of 5.37g/t]2 Indicated Resources also contain c. 3,52Moz of silver at a grade of 6.99 g/t .3 Resources are stated inclusive of reserves

[Source: VermynDeloitte Independent Competent Persons’ Report November2014, Company data]

Depth

JORC

classification3

Tonnes

(kt)

Gold grade

(g/t)

Contained

gold (Moz)

2.26Moz reserves

supporting 22 year mine life

Targeting drilling below

-400masl to convert

resources to reserves

Exploration potential below

-800masl of additional

3.3Moz

Attractive Ore Body… Independently Appraised…With Clear Growth

Potential…

2

Page 8: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Scale, Independently Appraised Reserves & Resources –

Encouraging Results from 2014 Drilling Programme To-date, best

holes drilled so far this year.

8

2

Hole

Identification

Number

Northing

(m)

Easting

(m)

RL

(masl)

Azimuth

(Degrees)

Hole Angle

(Degrees)

Hole Length

(m)

Intercept

Start (m)

Intercept

Finish (m)

Interval

(m)

Grade

(g/t)

Best Drill Hole Results for the Near Term Mining Zones

EXP209 7,219.9 6,780.8 263.8 46.4 64.5 17.0 0.0 16.0 16.0 9.8

EXP210 7,219.4 6,780.2 263.9 46.4 85.5 15.0 0.0 8.0 8.0 13.1

EXP269 7,257.0 6,734.2 264.3 46.4 84.0 15.0 0.0 15.0 15.0 9.5

EXP263 7,251.1 6,736.3 264.9 46.4 41.0 12.0 0.0 11.0 11.0 11.0

Best Drill Hole Results for the Mid Term Mining Zones

D316 7,399.1 6,882.5 258.4 225.6 34.0 200.0 137.0 143.0 6.0 8.2

including 181.0 193.5 12.5 15.8

D315 7,399.1 6,882.5 258.1 227.3 42.6 207.0 194.0 207.0 13.0 7.0

D215 7,376.7 6,863.5 262.8 220.6 27.3 157.5 137.0 149.0 12.0 10.0

D226 7,376.7 6,863.5 262.8 235.3 17.1 171.0 153.0 163.2 10.2 13.3

The Best Drill Hole Result for the Deep Drilling

SK-9 7,766.6 6,845.9 0.6 226.4 77.0 645.0 219.0 258.0 39.0 5.5

273.0 285.0 12.0 4.6

567.0 612.0 45.0 6.1

618.0 624.0 6.0 10.8

Page 9: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Low Cost of Production, Drives Robust Economics – Attractive

LoM Cost Position

9Note: Costs exclude MET revenue royalty (5%, metal in the ground)

Activity Cost (US$/oz) Cost (US$/t)

Underground Mining + Contingency 300 33.6

Sustaining/ Maint./ Environ. 72 8.1

Processing 129 14.4

Sales Expenses 2 0.2

G & A 15 1.7

Total Operating Costs 518 58.2

Expected total operating cost of just US$518/oz (including operating contingency) making the underground

operation of Sekisovskoye among the lowest cost in the region

3

Page 10: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Low Cost of Production, Drives Robust Economics -Sekisovskoye

cost base ensure a resilient project

10

NPV sensitivity to key commodity prices

The Sekisovskoye Mine is still a strong investment at lower gold prices

Investment rationale

Discount Rate (%) 9.3

NPV (US$m) 287

IRR (%) 64

Capex- Initial 4 yrs ($USm) 130

Gold Price (US$m) Silver Price (US$m) NPV (US$m)

1400 21 326

1300 20 296

1273 19.65 287

1200 19 258

1050 18 203

900 17 135

750 15 55

3

Page 11: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Low Cost of Production, Drives Robust Economics – Robust

Financial Position

11

(1) Includes a write back of US$9.3M of provisions in FY13 after the successful resolution of the fines imposed from the tailings dam 3 incident in 2011.

Includes US$2m tax credit in H1 FY14

3

FY12 FY13 H1 FY13 H1 FY14

Revenue (US$m) 38.9 42.4 20.0 16.7

Operating profit (US$m) (20.5) 3.1 (2.1) 3.3

Net profit 1 (US$m) (22.1) 1.5 (2.3) 3.8

Total cash flow (US$m) 0.7 (0.4) (1.4) 16.4

Year end (31 Dec/30 June) cash position (US$m) 2.5 2.1 1.3 18.5

Year end (31 Dec/30 June) debt position (US$m) 10.1 10.9 10.0 10.0

Year end (31 Dec/30 June) net debt / (cash) (US$m) 7.6 8.8 8.7 (8.5)

Page 12: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Growth Beyond Core Asset – Karasuyskoye Goldfields

12

Geological data purchased for US$27.5M in October 2013

Adjacent to Sekisovskoye operations

Managements internal estimates potential to contain resources of 9Moz

gold and 16Moz silver

Covers an area of approximately 198 km2

Potential for both open pit and underground mining

Following approval of mining licence next steps will be:

Completion of limited additional verification work

Engagement of geological and mining consultant to undertake CPR

Karasuyskoye provides synergistic production growth potential; combined with Sekisovskoye

could deliver annual gold production of ~400Koz in the future

4

Page 13: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Ken Crichton is a mining engineer with over 27 years’ experience. He was the Chief Executive Officer of ASCOM

Precious Metals Mining. Previously, he worked for 15 years with BHP Billiton in both Australia and Indonesia, including

as the President Director of PT Billiton Indonesia. He is also a non-executive director of Kemin Resources

Ken Crichton, Executive Director

Aidar Assaubayev is an Executive Director of AltynGroup Kazakhstan. He was formerly Executive Vice Chairman of

KazakhGold and formerly Vice President and a Board member of JSC MMC Kazakhaltyn, the gold exploration and

development group. He has completed over $1billion in IPO and M&A transactions in recent years. He was educated at the

Kazakh National Technical University, Almaty, and holds a degree in economics from the Institute of Systemic Analysis in

Moscow

Aidar Assaubayev, CEO

Supportive shareholder and management team with proven

delivery track record – Management and Board

13

5

Rajinder Basra qualified as a chartered accountant with BDO LLP in1990, leaving in 2002 to co-found a chartered

accountancy practice. He has extensive experience advising companies within the natural resources sector, and has worked

with a number of mining and exploration companies based in Kazakhstan. He has more recently been assisting and

advising mining and oil companies preparing for IPO’s and other corporate transactions

Rajinder Basra, CFO and company secretary

Page 14: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Ashar Qureshi is a U.S. qualified lawyer is currently a partner in Freshfields Brukhaus Deringer and was previously a partner with

international law firm Cleary Gottlieb Steen & Hamilton LLP. He is currently Executive Vice Chairman of Luminaire Films, a director of

Hanson Asset Management and a partner of Naya Capital Management. He was educated at Harvard Law School and Harvard College

and holds a Juris Doctor

Ashar Qureshi, Non-Executive Director

William Trew has over 32 years' experience in the mining industry and has served as a director of a number of mining companies. He

holds a B.Eng. (Mech.) Hon. from the University of Wales Institute Science and Technology, and an M.Eng. from Rand Afrikaans

University, Johannesburg

William Trew, Non-Executive Director

Alain Balian was a Deputy Governor of the Central Bank of Lebanon from 2003 - 2008. His earlier experience includes working at

Kleinwort Wasserstein, ABN AMRO Corporate Finance, and Lebanon Invest in mergers and acquisitions, corporate finance, and private

equity

Alain Balian, Non-Executive Director

Kanat Assaubayev is one of Kazakhstan's leading entrepreneurs with a wealth of experience in natural resources. The first Kazakh to get

a doctorate in metallurgy, his early career was in academia where he rose to Chairman of the Metallurgy and Mining Department of the

Kazakh National Polytechnic University. He began his business career in the 1990s and has led a number of natural resources enterprises

to national and international success

Kanat Assaubayev, Chairman

14

Supportive shareholder and management team with proven

delivery track record – Management and Board5

Page 15: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Delivering on Our Promises and Setting Clear Targets

15

Validate Ore

Body

CPR published Oct 2014; >6x increase

JORC reserves

Established

Development

Strategy

Clear path to move underground, attractive

capital profile

Turnaround

Cost profile 15% reduction in operating cash costs

Focus on

Governance &

Engagement

New management team and Board in place

1

2

3

4

1. Deliver 100Koz p.a.

- Production of >100Koz 2017-2030

2. Validate value within existing portfolio

- Conversion of resources to reserves via targeted

drilling below -400m

3. Expand beyond core asset

- Synergistic development of Karasuyskoye,

targeting >400Koz p.a.

4. Commitment to socially responsible

development

- Community relations

- Corporate governance

5. Upgrade listing infrastructure

- Application has been made to migrate from

AIM to a standard listing on LSE

5

Achievements to-date… Key Targets for Coming Years…

Page 16: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

16

Appendix

Page 17: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Market Information

17

Share price (p/share) 2.8

Ticker GBGR LN

Issued capital (M) 2,211.30

Market capitalisation (£M) 50.3

3 month average daily volume 2,048,400

Cash (US$m) 18.5

Net cash (US$m) 8.8

Enterprise value (£m) 60.0

Shareholder Structure Share Price Chart

Trading Indicators• Current market capitalization of £50.3m

• The Company’s Nomad is Strand Hanson and Corporate

Broker is Peat & Co

• African Resources is the largest shareholder of the

Company holding 65.1% of total shares outstanding

African

Resources,

65.1%

Blackwill

Trad e , 5.3%

Morstan

Nominees,

5.2%

State Stree t

Nominees,

3.5%

BBHISL

Nominees,

2.3%

The Bank of NY

Nominees,

1.4%Barclayshare

Nominees,

1.3%

0

20

40

60

80

100

120

140

160

180

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

Oc

t-1

2

De

c-1

2

Fe

b-1

3

Ap

r-1

3

Jun

-13

Au

g-1

3

Oc

t-1

3

De

c-1

3

Fe

b-1

4

Ap

r-1

4

Jun

-14

Au

g-1

4

Vo

lum

e (m

ln s

ha

es

)

Sh

are

Pri

ce

(G

Bp

)

Volume (RHS) Share Price (LHS)

Page 18: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Near Term Drilling Results For 2014 Drilling Programme To Date

18

Hole

Identification

Number

Northing

(m)

Easting

(m)

RL

(masl)

Azimuth

(Degrees)

Hole Angle

(Degrees)

Hole Length

(m)

Intercept

Start

(m)

Intercept

Finish

(m)

Interval

(m)

Grade

(g/t)

EXP276 7,233.6 6,744.6 276.0 225.6 0 10.5 0 6 6 9.2

EXP226 7,224.8 6,764.4 263.9 46.4 81.0 15 0 15 15 5.9

EXP219 7,225.2 6,772.4 263.9 46.4 64.5 18 4 18 14 6.5

EXP209 7,219.9 6,780.8 263.8 46.4 64.5 17 0 16 16 9.8

EXP210 7,219.4 6,780.2 263.9 46.4 85.5 15 0 8 8 13.1

EXP259 7,248.1 6,738.6 264.2 46.4 57.5 18 1 10 9 6.9

EXP255 7,244.6 6,742.1 264.2 46.4 58.5 18 4 14 10 5.3

EXP240 7,234.4 6,753.0 264.4 46.4 81.5 16 0.5 5.1 4.6 24.1

EXP238 7,234.5 6,753.2 264.8 46.4 30.0 12 0 4 4 17.9

EXP231 7,228.1 6,761.5 263.9 46.4 83.0 14 0 14 14 4.5

EXP271 7,253.8 6,730.1 264.2 226.4 68.5 9 0 8 8 6.1

EXP268 7,257.2 6,734.4 264.7 46.4 53.0 19.5 0 9 9 5.8

EXP269 7,257.0 6,734.2 264.3 46.4 84.0 15 0 15 15 9.5

EXP265 7,251.1 6,736.2 264.2 226.4 89.0 15 0 15 15 4.7

EXP263 7,251.1 6,736.3 264.9 46.4 41.0 12 0 11 11 11.0

Page 19: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Mid Term Drilling Results For 2014 Drilling Programme To Date

19

Hole

Identification

Number

Northing

(m)

Easting

(m)

RL

(masl)

Azimuth

(Degrees)

Hole Angle

(Degrees)

Hole Length

(m)

Intercept

Start

(m)

Intercept

Finish

(m)

Interval

(m)

Grade

(g/t)

D316 7,399.1 6,882.5 258.4 225.6 34.0 200 137 143 6 8.2

and 181 193.5 12.5 15.8

D315 7,399.1 6,882.5 258.1 227.3 42.6 207 194 207 13 7.0

D316A 7,399.1 6,884.5 258.4 226.0 34.6 200.5 182 198.2 16.2 4.4

D215 7,376.7 6,863.5 262.8 217.4 34.0 160.5 124.2 139 14.8 3.0

D215 7,376.7 6,863.5 262.8 220.6 27.3 157.5 137 149 12 10.0

D216 7,376.7 6,863.5 262.8 220.3 18.3 171 149 160 11 6.8

D217 7,376.7 6,863.5 262.8 225.5 48.6 180 169 180 11 5.2

D219 7,376.7 6,863.5 262.8 226.8 33.8 166.5 158 163.3 5.3 8.5

D226 7,376.7 6,863.5 262.8 235.3 17.1 171 153 163.2 10.2 13.3

D225 7,376.7 6,863.5 262.8 235.8 25.2 169.5 148 161.6 13.6 3.1

D223 7,376.7 6,863.5 262.8 235.9 31.9 175.5 154 169.7 15.7 6.4

Page 20: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

2014 Deep Drilling

20

Hole

Identification

Number

Northing

(m)

Easting

(m)

RL

(masl)

Azimuth

(Degrees)

Hole Angle

(Degrees)

Hole Length

(m)

Intercept

Start

(m)

Intercept

Finish

(m)

Interval

(m)

Grade

(g/t)

SK-1 7,540.6 7,072.6 0.9 226.4 77.0 771.0 513.0 516.0 3.0 10.3

519.0 522.0 3.0 12.2

546.0 549.0 3.0 18.2

594.0 597.0 3.0 12.4

630.0 633.0 3.0 10.5

705.0 708.0 3.0 12.5

741.0 744.0 3.0 11.5

SK-3 7,596.4 7,015.2 0.8 226.4 77.0 828.0 237.0 240.0 3.0 12.5

258.0 261.0 3.0 14.1

270.0 273.0 3.0 11.2

309.0 312.0 3.0 13.1

336.0 342.0 6.0 9.7

369.0 372.0 3.0 16.3

387.0 390.0 3.0 13.4

399.0 402.0 3.0 10.5

429.0 432.0 3.0 12.5

450.0 453.0 3.0 13.4

477.0 480.0 3.0 11.5

504.0 510.0 6.0 7.8

558.0 561.0 3.0 13.3

591.0 594.0 3.0 10.1

642.0 645.0 3.0 12.7

672.0 675.0 3.0 17.6

702.0 705.0 3.0 14.3

774.0 777.0 3.0 11.6

813.0 816.0 3.0 12.2

SK-6 7,653.4 6,959.1 0.6 226.4 77.0 828.0 213.0 216.0 3.0 10.1

435.0 441.0 6.0 10.9

447.0 453.0 6.0 10.2

462.0 477.0 15.0 6.6

630.0 639.0 9.0 4.8

654.0 663.0 9.0 4.9

SK-9 7,766.6 6,845.9 0.6 226.4 77.0 645.0 219.0 258.0 39.0 5.5

273.0 285.0 12.0 4.6

567.0 612.0 45.0 6.1

618.0 624.0 6.0 10.8

Page 21: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Sekisovskoye – Geological understanding

21

Surface (+350masl)

-400masl

-800masl

-1500masl

Mineralisation – hydrothermal gold deposition in veins and

breccias.

Gold found in:

Tabular orebodies

Stockworks

Veins and lenses

Page 22: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Sekisovskoye Underground – conceptual mine plan

22

Page 23: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Gold Processing – Proven Technology

23

Metallurgy well understood - GBGR has 8 years experience

at Sekisovskoye mine.

Test work on the Sekisovskoye underground ore indicates

84% recovery for gold and 75% for silver, in line with

recoveries achieved processing near surface ore

Page 24: GoldBridges Global Resources Plc - 145908.selcdn.ru145908.selcdn.ru/files.altyn.uk/presentations/CPR_Presentation.pdf · Investment Highlights 3 Transformational growth from core

Environmental and Social Compliance all in Place

24

All regulatory permits are currently in place to allow open pit and underground mines to operate at Sekisovskoye

GBGR operates to the approved Environmental and Social Impact Assessment and reports performance quarterly to

the authorities

Local consultancy group has been engaged to implement in collaboration with staff a suite of USO standards

During the past year, a number of community health programmes have taken place:

Commissioning a new, improved and expanded drinking water reticulation system for the village of

Sekisovska;

Initiating and funding a village clean up programme;

Provision of a garbage truck and bins for the local area;

Installing refuse centres in the local village in co operation with the local municipality; and

Providing anti fungicide treatment for local trees to assist in their preservation

GBGR conducts consultative meetings with its external stakeholder when implementing new mining plans or

changes to existing ones

GBGR makes a 1% of operating costs contribution as required law for compliance with the Environmental laws in

Kazakhstan

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Contact us

25

Aidar Assaubayev, CEO

Rajinder Basra, CFO

Louise Wrathall, Investor Relations

+44 (0) 207 932 2456

+44 (0) 7789 602 352

[email protected]

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Important notice

26

The content of information contained in these slides (the “Presentation”) has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance

upon this Presentation for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. If any person is in any doubt as to

the contents of this Presentation, they should seek independent advice from a person who is authorised for the purposes of FSMA and who specialises in advising in investments of this kind. This Presentation

has been prepared by, and is the sole responsibility of, the directors of GoldBridges Global Resources Plc (the “Company”). Those directors have taken all reasonable care to ensure that the facts stated herein

are true to the best of their knowledge, information and belief.

This Presentation does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company nor shall it or any part of it,

or the fact of its distribution, form the basis of, or be relied upon in connection with, or act as any inducement to enter into any contract therefore.

No undertaking, representation, warranty or other assurance, expressed or implied, is made or given by or on behalf of the Company or any of its respective directors, officers, partners, employees or advisers or

any other person as to the accuracy, fairness or the completeness of the information or opinions contained herein, and to the extent permitted by law no responsibility or liability is accepted by any of them for

any such information or opinions or any errors, misstatements in, or omission from, this Presentation or any direct or consequential loss however arising from any use of, or reliance on, this Presentation or

otherwise in connection with it. Notwithstanding the aforesaid, nothing in this paragraph shall exclude liability for any representation or warranty made fraudulently.

This Presentation may not be reproduced or redistributed, in whole or in part, to any other person, or published, in whole or in part, for any purpose without the prior consent of the Company. The contents of

this Presentation are subject to updating, completion, revision, further verification and amendment without notice.

The Presentation is directed at authorised persons or exempt persons within the meaning of FSMA or any order made thereunder or to those persons falling within the following articles of the Financial Services

and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Financial Promotion Order”): Investment Professionals (as defined in Article 19(5)) and High Net Worth Companies (as defined in

Article 49(2)). Persons who do not fall within any of these definitions should not rely on this Presentation nor take any action upon it.

This Presentation is exempt from the general restriction in section 21 of FSMA relating to the communication of invitations or inducements to engage in investment activity on the grounds that it is made only

to certain categories of persons.

Neither this Presentation nor any copy of it should be distributed, directly or indirectly, by any means (including electronic transmission) to any persons with addresses in the United States of America (or any of

its territories or possessions) (together, the “US”), Canada, South Africa, Japan, Australia or the Republic of Ireland, or to any corporation, partnership or other entity created or organised under the laws thereof,

or in any other country outside the United Kingdom where such distribution may lead to a breach of any legal or regulatory requirement. The recipients should inform themselves about and observe any such

requirements or relationship.

The Company’s ordinary shares have not been, and are not expected to be, registered under the United States Securities Act 1933, as amended, (the “US Securities Act”) or under the securities laws of any other

jurisdiction, and are not being offered or sold, directly or indirectly, within or into the US, Canada, South Africa, Japan, Australia or the Republic of Ireland or to, or for the account or benefit of, any US persons

or any national, citizen or resident of the US, Canada, South Africa, Japan, Australia or the Republic of Ireland, unless such offer or sale would qualify for an exemption from registration under the US

Securities Act and/or any other applicable securities laws.

This Presentation or documents referred to in it contain forward-looking statements. These statements relate to the future prospects developments and business strategies of the Company and its subsidiaries (the

“Group”). Forward-looking statements are identified by the use of such terms as “believe”, “could”, “envisage”, “estimate”, “potential”, “intend”, “may”, “plan”, “will” or the negative of those, variations or

comparable expressions, including references to assumptions. The forward-looking statements contained in this Presentation are based on current expectations and are subject to risks and uncertainties that could

cause actual results to differ materially from those expressed or implied by those statements. If one or more of these risks or uncertainties materialises, or if underlying assumptions prove incorrect, the Group’s

actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors should not place any reliance on forward-looking statements. These

forward-looking statements speak only as at the date of this Presentation.