Altan Tsagaan Ovoo “ATO” Gold Mine

The Altan Tsagaan Ovoo gold and silver project (the “ATO Project”) is located in the territory of Tsagaan Ovoo soum,

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NI 43-101 compliant 1.22 Moz Au Eq resources (M&I)

Phase I – Open pit, heap leach mine fully completed and commissioned.
Successfully tested and operated the ADR plant. Gold color quality :

Low-opex, high-margin oxide heap leach gold and silver production.
Cash cost per ounce: US$550

Commenced Production

Mined, crushed and stacked ~ 400,000t of ore at 2.13g/t gold on the leach pad.
Leaching start in Q1 of 2020, with projected production of ~60koz annuallly.

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