Extensive opportunity. Under-explored
SMG aligned with U.N. Sustainable Development Goals-Environmental and Social Impact Targets

- Producing “Sustainable gold” with non-use of cyanide in Au production
- Commitment to local suppliers
- Establishing the mine camp in the local towns
- Local employment and training for specialist roles
- Payment of employee income taxes to return money back to local communities
- Encouraging local share ownership and investment education
- Investing in education and upgrading computer systems
- Commitments to children’s education in Atasu and other isolated communities
- Investing in local healthcare needs
- Sponsorship of sporting activities

Two New Near-Term Production Opportunities in Central Asia

Scythian Mining Group presents a clear pathway to produce 60,000 oz of gold in 2024, in two separate mining operations, (30,000 oz Au pa each)
All gold is produced using “Clean Mining” technology and purchased by the Kazakhstan government at the spot price.
Further upside is available through:
1. Doubling production every two years to a target of 240,000 ounces per annum in 2028 2. Developing new advanced projects in the exploration pipeline
Financial modeling indicates a robust IRR of 96% with a calculated AISC cost per oz of USD821 at a gold price of USD1700 per ounce.
Corporate Strategy-Path to IPO, Au production and Beyond
Kokkus:
Upgrade to JORC +1m oz Au
Complete Pre-Feasibility Study
Aktas 1 & 2:
Upgrade to JORC +0.8-1m oz Au
Pre-IPO raise $3.5m
2021
Streaming agreements in place for $15m x 2
Commence production @ 30,000 oz
Upgrade Kokkus to +2M oz
Start to Production on Aktas in 2023
Total production in 2024 60,000oz Au
Complete IPO on London Q1 2022
IPO Raise $5-10m
2022-2023
Double production to 120,000 oz
Introduce CIP plant to the production circuit
East Balkhash begins production
Acquire and develop further projects
2026
Double production 240,000 oz
Acquire and develop further projects
2028
SMG Corporate Structure
