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Investment Highlights

Proven in-Country Team

Experienced directors and management with a strong local presence in Mongolia.

Demonstrated Discovery Potential

20,000m drill program completed at Mungu Gold & Silver Discovery, located northeast of the current resource.

Strong Financial Position
and Fully Funded Production

US$8.4M convertible debenture raise, US$23M gold and silver streaming agreement with Triple Flag Mining Finance and proceeds from the C$25M IPO completed in May 2018.

Near Term Gold Producer

Flagship ATO Project is a fully constructed gold project, with a low initial capital cost of ~US$20M and first gold pour expected in H2 2019.

Regional Consolidation Opportunities

The Company is currently assessing over 200,000 hectares of exploration licenses for further acquisition.

Upcoming Catalysts

  • Cyanide permitting in H2 2019
  • Begin leaching and gold production in H2 2019
  • Restarting exploration program in H2 2019
  • Updated reserves and resources including Stage 1 (completed), Stage 2 (completed) and Stage 3 drilling, as well as maiden resource on Mungu in H1 2020
  • Continually assess additional licenses for acquisition
  • Feasibility study of ~150koz AuEq/year on Phase 2 sulphides in H1 2020

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The Company’s head office:

Shangri-La office, Suite 1201,
Olympic street 19A,
Sukhbaatar District 1,
Ulaanbaatar 14241, Mongolia
Tel/Fax: +976 7732 1914

Toronto Office:

90 Adelaide Street. W, Suite 400
Toronto, ON
M5H 3V9,
Tel: +1 647 697 0577