February 2020
Growing Gold Producer in
Kazakhstan
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2Company at a Glance
Raygorodok – third largest gold deposit
in Kazakhstan located in Burabay district
of Akmola Region
Resources: 6 M oz according to JORC
Area: 67.7 sq. m.
Two pits: South & North
Mine Contract Term is estimated until
2021 (the Company has the exclusive
renewal right)
The RG Gold Company operates the development of the largest
gold ore deposit of Raygorodok based upon the Exploration
Contract No. 486 of 19/06/2000 followed by gold mining within
Novodneprovskaya Area of Burabay District, Akmola Region,
Kazakhstan.
Currently, RG Gold processes 2 MTPA of oxide ore using the
heap leaching method mined at the North and South
Raygorodok deposits.
Starting from the 3rd quarter of 2022, the sulphide ore is
expected to be processed at a new Process Plant using the
carbon-in-pulp (direct cyanidation) method.
The results of ongoing exploration work confirm the presence of
potential gold reserves in the explored territories.
Russia
China
Europe
Astana
Vassilkovskoye
(12 m oz)
Bakyrchik
(10 m oz)
Almaty
Raygorodok
(6 m oz)
Settlements
Road
to Shchuchinks
South & North
Raygorodok
3Mine Infrastructure
The Raygorodok is located along a large gold ore belt near the largest
gold deposits in Kazakhstan (Vassilkovskoye, Aksu, Zholymbet) with a
well-developed infrastructure
Site access is carried out by the Shchuchinsk - Nikolaevka asphalt road
The nearest train station is in Shchuchinsk (70 km)
The process site is power supplied via the Shchuchinsk - Nikolaevka
35 kV overhead line
The ongoing pit mining and hydrogeological drilling confirm the
presence of significant reserves and groundwater inflow
In 2014, a new 220-bed shift camp was built with all necessary
amenities. In 2017, the shift camp was expanded by 140 additional
beds.
The engineering design has been completed with further approval by
the State Expert Authority of the 220 kV HV overhead line with a length
of 66 km equipped with the required substations to connect the future
Process Plant to the national power grid as well as a water pipeline
from the Balykty reservoir.
ORE TYPE ORE, MT GRADE, G/T
RECONCILED
RESOURCES,
K OZ
ORE, MT GRADE, G/T
INFERRED
RESOURCES,
K OZ
TOTAL GOLD,
K OZ
SOUTH
RAYGORODOK
Oxide 2.3 0.7 50 0.8 0.5 10 60
Primary 84.5 1.2 3,140 22.4 1.0 760 3,900
Total 86.0 1.1 3,190 23.2 1.0 770 3,960
ORE TYPE ORE, MT GRADE, G/T
RECONCILED
RESOURCES,
K OZ
ORE, MT GRADE, G/T
INFERRED
RESOURCES,
K OZ
TOTAL GOLD,
K OZ
NORTH
RAYGORODOK
Oxide 6.0 0.7 130 2.1 0.6 40 170
Primary 50.4 1.0 1,530 12.6 0.9 340 1,870
Total 56.4 0.9 1,660 14.7 0.8 380 2,040
TOTAL 139.6 1.0 4,850 42.7 0.9 1,150 6,000
4JORC-based estimates of the resources amounted to 6 m oz (March 2018)
According to JORC-based resource estimates conducted by AMC Company in March 2018, the resources increased by
1.4 m oz compared to the previous estimates. The increase was due to additional drilling data of 19,204 long meters.
AMC is currently calculating the reserves under the DFS (Bank Feasibility Study).
5Process Flow Sheet – Heap Leach
Mining of orefrom pits
Ore dried and sortedat ore stockpiles
Crushing and agglomeration of ore
by a 3-line crushing and screening unit
Conveyors move agglomerated oreonto heaps that are sprinkled
with a 0.5 mg/L cyanide solution
Pregnant solution with dissolved gold is pumped
from the heaps to the hydrometallurgical circuit
Dissolved gold is adsorbedon activated carbon (adsorption)
Gold is recovered from carbon to solution by elution
Electrowinning: gold and associate metals settle on steel wool
Wool cutting and metal smelting. Final product – Dore alloy with 80-90% gold
content
Outsourced
6
A 5 Mtpa Primary Gold Ore Processing Plant is scheduled for operation by 2022
0.7 М ton1.3 М ton
20162014 2022-23
5.0 М ton
2018
2.0 М ton
$11 M
$25 M
$30 M
$100 M
Heap Leach CIP
18 K oz.
Gold production
33 K oz.
45 K oz.
150 K oz.
Capacity
7Social and Economic Effects of the Project
Total investment in the Project will reach 105 billion KZT (excluding VAT)
Over 1,000 permanent jobs will be created
Tax payments will be more than 20 billion KZT per annum
New infrastructure
Staff trained and professional competence and skills of the local staff improved
A boost for local small & medium-size businesses
8Raygorodok CIP RG Gold Project: Process Schematic
9Company’s Profile
The taxes paid by the Company over the past 5 years add up to more than 24 billion KZT.
The Company directly employs more than 770 people as own staff as well as over 300 people of contractor
organizations.
The Company allocates over 100 million KZT annually for social programs.
The following was done as part of the social care program:
Rehabilitation of regional automobile roads in 2018
Constructions of a new pipeline and a water tower in Raygorodok village in 2017
Rehabilitation of the school buildings in Uspeno-Yuriyevka and Nikolayevka
Grants to the best school graduates in the region for education at Narkhoz and local higher education institutions
Festive events for local population on a regular basis
T H A N K Y O U
www.rggold.kz
Thank you!
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