100% ownership of 2,400 sq.km exploration license acquired for US$3.8 million
License tenure of two years with option to extend for additional two years
Close to the 50 Mtpa Aktogay open pit mine owned by Kazminerals Plc and the Aidarly project owned by Kazakhmys
Railroad, gas pipeline and power lines passes through southeastern part of the license area
Focus is on Dzharyk South deposit which follows a classic porphyry model to generate a Au oxide heap leach operation, in 3 years
One Au oxide project (Dzharyk South) and 3 Cu projects (Taisogan, Dzharyk 4a,b,c & 5). Taisogan already has some encouraging drilling.

Dzharyk South –Au only

Gold mineralisation follows a classic structurally controlled porphyry model
Current JORC inferred resource of 157,838 oz contained gold @ 0.933 g/t Au from SMG drilling in 2018-19, This represents only 9.4% of the area to be drilled. Potential resource in the oxide zone could be 1-2m oz Au at a similar grade.
Petrological work confirms that the gold in the quartz veins is mostly free gold, with some free gold in the pyrite
Sulphide content is low in that portion of the primary zone which has been explored to date
The total extent of the stockwork zone along strike is over 3.4 km, and maximum width 800m,
Mineralisation occurs as 7-8 separate, subparallel zones with gold grades ranging from 0.1-40 g/t (averaging 0.933 g/t in recent drilling) and width varying from 10-200m
The data obtained from drilling and trenching carried out in 2018/19 suggests a large-scale oxide gold deposit consisting of seven economic gold zones and that Dzharyk South is the very at top of a massive 4,000m x 4,000m gold-rich +- Cu porphyry system
Targeting a JORC indicated & inferred resource of 1-2m+ oz Au by early 2020

Dzharyk South

SMG completed a first pass drilling program of 3,000m of RC drilling in 2018 and another 1,100m in early 2019
Geological mapping in 2019 (LHS) shows the porphyry and granodiorite host rock with late NE-SW structures,
while Alteration mapping (RHS) using a “Halo’ spectrometer highlights
the location of the white mica (illite) alteration which is associated with the Au mineralisation.
The blue lines are the mapped location of the physical outcrops of the silica-white miica-quartz veins +
Au target zones, while the pink lines are the interpretation on the extent of these zones.

Dzharyk South – 2018/19 Drilling Results

SMG completed 3,000m of RC drilling in 2018 and another 1,100m in early 2019
53 intersections from 73 total holes, with 20 intersections from 20 holes in 2019
Ore to waste ration 1:3, all exposed on the surface
Average true width is 9.5m and average grade is 1g/t Au from an oxide zone of 0-40m in depth

Hole	From	To	Thickness (m)	Au g/t*
Criteria: >2m thick >0.3g/t and max 3m internal waste as long as the average Au grade is >0.3g/t Au
RC Drilling 2018	Best Results
DZSDD1429	0	25	25	0.85
DZSDD1430	0	35.1	35.1	0.86
RC18DZ01	20	38	18	1.19
RC18DZ09	46	55	9	0.82
RC18DZ29	15	21	6	0.89
RC18DZ42	38	41	3	1.01
RC18DZ44	25	32	7	0.95
RC18DZ44	54	65	11	0.98
	55	58	3	2.06
RC18DZ46	9	57	48	0.85
RC18DZ50	6	13	7	0.8
RC18DZ50	34	38	4	0.95
RC18DZ41	10	56	46	2.95
RC18DZ51	0	38	38	2.19
2019 Results to date
RC19DZ57	24	31	7	1.07
	24	28	4	1.15
	50	55	5	2.54
			This hole ended in 9.37 g/t Au
RC19DZ67	15	21	6	1.24
RC19DZ72	21	32	11	1.68

Line No 4, drilled in 2018, and DDH finished May 2019, intersections show continuation of Au zones to depth .
Emphasis of next phases of drilling will be on a 1-2m oz Au oxide resource on only
Gravity tests using a Knellson concentrator indicated between 31- 42% of Au recovery in the oxide zone.

Line No 3, drilled in 2018
Outlined 200m wide gold mineralisation

Line No 6 X Section With DD19DZ002

Dzharyk South – Geological Model

3D IP with 2018 drill and trench results (mineralised widths shown for trench only) showing an elongated ellipsoidal shaped sericite/ qtz stockwork with Au mineralization of economic grade with a surface area of 420,000 sq m.

Current drilling has only tested the top 55m for oxide Au resource which can be heap leached, which will provide the initial cash flow to bring the remaining deposit down to 450m (open cut) into production

DZS – Work Program / Estimated Timeline to Production

Oxide zone only

Drilling

10,000 m RC drilling
600m DDH drilling to test the better and wider zones intersected in 2018

2019

Infill Drilling	Government Submissions
5-10,000m RC Drilling Target conversion of inferred resources to JORC indicated category	Renew East Balkhash SSRUC exploration period

2020

Q1	Q2	Q3	Q4
2018 Drilling Results	Complete Additional Analysis / Testing
Targeting additional 2m oz Au JORC inferred resource	Metallurgical Hydrological Geothermal

Feasibility Study

Completion of international -feasibility study

2021

Q2		Q3
Government Submissions	IPO Completion
Local feasibility study Mining license application	selected exchangeComplete IPO on

Financing / Construction

Equity / debt funding followed by project construction

2022

Taisongan-to be targeted after DZS cash flow established

Taisogan 5km to S from DZS
Drilling 2012-2018 Cu Only
X Section DDTS18002 & 3, Av Cu Grade 0.34%
Strong IP anomaly from 100m-800m dpth
40km from Aktogay $3.5 B Cu Mine-KazMinerals, same grade..

Hole name	Zone №	From	To	Lenth	CU%
DD18_TS_003	1	236.4	308.1	71.7	0.337
DD18_TS_003	2	350.2	385.8	35.6	0.329
DD18_TS_003	3	416.1	600.0	183.9	0.323
TS_TSDD14_25	1	136.4	535.6	399.2	0.318
DD18_TS_002	1	99.7	241.4	141.7	0.441
DD18_TS_002	2	251	345.2	94.2	0.300
DD18_TS_002	3	593.6	600.0	6.4	0.270

Current Non JORC Resource 316,463 tones Cu @ 0.34% Cu from 2018 drilling

Dzharyk 4a to be targeted after DZS cash flow established

Dzharyk 4, 1.5 km east of Dzharyk South
Gossan on surface 800m long, Strike 245º,
High grade Cu shoots coming to the surface
Strong IP anomaly from 100-800m depth
Strong illite, silica, qtz vein py, cpy alteration

Hole name	Zone №	From	To	Lenth	CU%
DZ4DD11-2	1	19.0	54.7	35.7	1.12

C-10	1	87.0	135.0	48.0	4.54

C-31	1	111.0	139.0	28.0	0.68