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Anadyr Chukotka Autonomous Okrug Gateway to the Pacific 2013 PDAC Chukotka at a Glance • 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 www.chukotka.org www.visitchukotka.com 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 www.chukotka.org www.visitchukotka.com Our key advantages Mineral wealth Access to the Pacific Ocean Proximity to the world’s most prospective markets: China, Japan, Korea Reducing administrative barriers www.chukotka.org www.visitchukotka.com Major Investors in Chukotka www.chukotka.org www.visitchukotka.com Kinross Gold Corporation Kupol (Au-Ag deposit) LOCATION: Bilibinsky township, Chukotka OPERATION: Underground Mineral Reserves & Resources (Gold) Tonnes, (kt) Grade, (g/t) Ounces,( koz) 8 092 9.29 2 416 482 14.94 231 Tonnes, (kt) Grade, (g/t) Ounces,( koz) 1 950 17.80 1 116 M&I Resources 243 17.79 139 Inferred Resources 155 12.82 64 2P Reserves Inferred Resources Dvoinoye (Au-Ag deposit)* LOCATION: Chaunsk township, Chukotka OPERATION: Underground Mineral Reserves and Resources (Gold) 2P Reserves * Delivery of the first ore in the 2H 2013 www.chukotka.org www.visitchukotka.com 6 Regional Mining Company LLC Baimskaya Ore Field LOCATION: Bilibinsky township OPERATION: Exploration Stage www.chukotka.org www.visitchukotka.com 7 Anadyr Cluster Highlights: Bering Coal Basin Nagornaya Investments Limited option (Canada) Tigers Realm Coal Australia/Canada 80/20 Target: 430 Mt 0.5Mt early HCC in 2015 Tigers Realm Coal Australia/Canada 40*/60 licence and project area Beringovsky Small, shallow port Open 5 months Proposed Arinay Port Re-opening an ancient fjord Year round, Depths to 30m 412 Mt Indicated and inferred Target: +230Mt www.chukotka.org www.visitchukotka.com 8 Long-Term Development Plan of Major Gold Deposits Kayenmivaam Scoping Study Verkhne-Krichalskaya Baimskaya Ore Field Vodorazdel’naya Prefeasibility Study Klen Dvoinoe Kekura Mayskoye Kupol 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 Valunistoe 1999 1997 1996 1995 1994 1993 1992 Karalveem 1998 Feasibility Study Current Status Kanchalano-Amguemskaya Electricity Infrastructure Investment Plan 2014-2018 Total: $ 708,9 mln Mln. USD 232.90 250 193.20 200 140.90 150 109.00 100 50 32.9 0 2014 2015 2016 2017 2018 www.chukotka.org www.visitchukotka.com Overland Transportation Infrastructure Projects Omolon-Anadir’-BilibinoKomsomolsk-Egvekinot road Total: $899,8 Mln Mln. USD 274.3 300 250 209 233.7 200 150 100 77.4 105.4 50 0 2014 2015 2016 2017 2018 www.chukotka.org www.visitchukotka.com Key Location on the Pacific Rim www.chukotka.org www.visitchukotka.com 12 Incentives Preferential treatment for businesses in Chukotka: Initiative to reduce income tax rate Initiative to reduce mineral resource extraction taxes Assistance in infrastructure development Assistance in land allocation Consulting, organizational and informational support www.chukotka.org www.visitchukotka.com 13