Chukotka Autonomous Okrug

2013 PDAC

Gateway to the PacificAnadyr

Chukotka at a Glance

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• Far Eastern region of Russia

• Climate: Arctic (permafrost)

• Total population: ≈ 50 000 - (1/3 - Indigenous peoples) • Total area: 721.5 thousand sq km

• Density: ‹ 0.1/sq km

Mineral Endowment

Chawn-Bilibino Cluster:

Gold, Silver, Copper, Tin

• Gold production: 564 K oz in 2012

• Silver production: 5.5 mil. oz in 2012

Anadyr Cluster:

Coal, (Oil), Gas• Coal Mining

• Anadyr’ Mine - 240 Kt in 2012• Nagornaya Mine - 90 Kt in 2012• Tigers Realm – Active Development

• Natural gas: 1.024 bn. CFT

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Our key advantages

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Major Investors in Chukotka

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Kinross Gold Corporation

Kupol (Au-Ag deposit)

Mineral Reserves & Resources (Gold)

Tonnes, (kt)

Grade, (g/t) Ounces,( koz)

2P Reserves 8 092 9.29 2 416

Inferred Resources 482 14.94 231

LOCATION: Bilibinsky township, ChukotkaOPERATION: Underground

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Dvoinoye (Au-Ag deposit)*LOCATION: Chaunsk township, ChukotkaOPERATION: UndergroundMineral Reserves and Resources (Gold)

Tonnes, (kt) Grade, (g/t) Ounces,( koz)

2P Reserves 1 950 17.80 1 116

M&I Resources 243 17.79 139

Inferred Resources 155 12.82 64

* Delivery of the first ore in the 2H 2013

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Regional Mining Company LLC

Baimskaya Ore Field

LOCATION: Bilibinsky townshipOPERATION: Exploration Stage

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licence and project area

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Anadyr Cluster Highlights: Bering Coal Basin

NagornayaInvestments

Limited option(Canada)

Tigers Realm CoalAustralia/Canada

80/20

Target: 430 Mt

0.5Mt early HCCin 2015

Tigers Realm CoalAustralia/Canada

40*/60

412 Mt Indicated and inferred

Target: +230Mt

BeringovskySmall, shallow port

Open 5 months

Proposed ArinayPort

Re-opening an ancient fjord

Year round,Depths to 30m

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Long-Term Development Plan of Major Gold Deposits

ValunistoeKaralveem

Kupol

Mayskoye

Kekura

Klen

Dvoinoe

Kanchalano-Amguemskaya

Vodorazdel’naya

Baimskaya Ore Field

Verkhne-Krichalskaya

Kayenmivaam

Cur

rent

Sta

tus

Electricity Infrastructure

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Investment Plan 2014-2018

Total: $ 708,9 mln

Overland Transportation Infrastructure Projects

Omolon-Anadir’-Bilibino-Komsomolsk-Egvekinot road

Total: $899,8 Mln

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Mln. USD

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Key Location on the Pacific Rim

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Incentives

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