Kounrad SX-EW Copper Plantwaste dumps copper recovery project

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 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.

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DISCLAIMER

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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 2010-2014;

• 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.

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KOUNRAD RESOURCES

Eastern dump cluster

Western dump cluster

The pit and adjacent area – satellite view

Northern Dumps WAI 2013 Resource EstimateJORC Code (2004)

Resource type Category Quantity,

MtAverage Grade,

%

Contained copper,

ktEastern Dumps

Indicated + Inferred

174.6 0.96 167.5*

Western Dumps

Indicated + Inferred

477.8 0.94 446.7

Northern Dumps

Indicated + Inferred

5.7 0.47 2.7

Grand Total 658.1 616.6

* Includes 81.2kt of contained Cu at GKZ-approved C1 category

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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 2012-2014, including two full winter seasons;

• Total production for 2012-2014 is more than 19000 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

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KOUNRAD 2010-2013

Plant site, August 2010

Plant site, August 2013

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SX-EW FLOWSHEET DIAGRAMPROCESS 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

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LEACHING GENERAL LAYOUT

Current leaching operations are focused on dumps 9-10, 6 and 7

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LEACHING RECOVERY PROGRESS

6 7 9-10.0

10

20

30

40

50

60

70

Dump number

Extr

acte

d %

(Design– 51%)

As on the 31 of December 2013

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OPERATION PROCESS KPI

(Проект – 85%)

SX RECOVERY

1-Jan-13

18-Jan-13

4-Feb-13

21-Feb-13

10-Mar-

13

27-Mar-

13

13-Apr-13

30-Apr-13

17-May-

13

3-Jun-13

20-Jun-13

7-Jul-1

3

24-Jul-1

3

10-Aug-1

3

27-Aug-1

3

13-Sep-13

30-Sep-13

17-Oct-

13

3-Nov-1

3

20-Nov-13

7-Dec-

13

24-Dec-13

0

10

20

30

40

50

60

70

80

90

100

PLANT WORKING HOURS

Apr-

May

201

2ию

н.12

июл.

12ав

г.12

сен.

12ок

т.12

ноя.

12де

к.12

янв.

13фе

в.13

мар

.13

апр.

13м

ай.1

3ию

н.13

июл.

13ав

г.13

сен.

13ок

т.13

ноя.

13де

к.13

янв.

14фе

в.14

50%

55%

60%

65%

70%

75%

80%

85%

90%

95%

100%

SX EW

(Design– 93%)

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PRODUCTION 2012-2014

0

200

400

600

800

1000

1200

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

20000

33

1032

663 677

961

1103

974

571 572

435 427

813

11151100.305

966.3

708.676

1142.7781110.899

1140.969

957.788

591.715

703.229

497.5258261

18296

Production trend

Budget Actual Total production

• 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.

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PERSONNEL

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• 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.

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CSR POLICY

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KOUNRAD ENVORONMENTAL MONITORING

Ground water sample collectionInterception 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.

• 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 Q2 2017.

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FUTURE PERSPECTIVE

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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 LLPSaken 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 1996. 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 DirectorOleg 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 1997.

• Dmitriy Kan, Chief MetallurgistDmitry 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.

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CONTACTS

www.centralasiametals.com

11 Albemarle StreetLondon W1S 4HH+44 207 898 9001

info@centralasiametals.com