Mine Development

Gold Mountain Mine is on the early stage of its development.The Company commenced ore mining operation in Yelmand pit in July 2013, and plan to commence mining operating in Mayituobi and Jinxi-Balake pits in 2014 and 2015, respectively.

According to the Independent Technical Report, it will achieve the designed ore processing capacity of 5.0 million tonnes per annum in 2015.

The Company commenced its trial production in December 2013 and produced approximately 800 ounces (25kg) of gold. It expects to produce 52,000 ounces (1.6 tonnes) of gold in 2014. Gold Mountain Mine is an open-pit mine and the processing technology it uses include crushing, heap leaching, carbon absorption, desorption-electrolysis and smelting. The final product is crude gold with 90%-95% purity.

Illustration of the Mining Area

Mature Processing Method: Open Cut & Heap Leach

Heap Leaching and Eco-Friendly Feature of the Closed Loop Process