Slide 1: Kişladağ Gold Mine
KIŞLADAĞ GOLD MINE September 2012
Slide 2: Location
—— LOCATION
Slide 3: Project History
PROJECT HISTORY KIŞLADAĞ MINE • 1997 Identification of Ore Body • 1998-2002 RC and diamond drilling, engineering and metallurgical studies • 1999 Approval of the site selection permit • 2000-2003 Completion of feasibility study • 2003 Approval of Environmental Positive Certificate (ÇED) and Mine Ope
Slide 4: Geology: Regional Geology of Kışladağ Area
GEOLOGY Regional Geology of Kışladağ Area
Slide 5: Kışladağ Geology 3D View
ee GEOLOGY 3D VIEW TUPRAG DIATREME B TUPRAG
Slide 6: 687525E Section
— 687525E SECTION TUPRAG i eat OPEN PIT LIMITS 0.2-0.5 g/t Au TUPRAG
Slide 7: +1 g/t Au Mineralization in Blasthole and Drill Samples
+1 g/t Au Mineralization in Blasthole and Drill Samples
Slide 8: Exploration: 2012 Exploration Drilling
EXPLORATION 2012 EXPLORATION DRILLING
Slide 9: Resources and Reserves
RESOURCES AND RESERVES As of December 31, 2011 Resources Tonnes Grade Au Contained Ounces Category (X1000) (g/t) (X1000) Measured 121,590 0.88 3,436 Indicated 458,270 0.59 8,619 M+I 579,860 0.65 12,055 Inferred 380,760 0.40 4,921 Reserves Tonnes Grade Au Contained Ounces Category (X1000) (g/t) (X100
Slide 10: Mining
MINING Open Pit Waste Rock Dump Area
Slide 11: Mine equipment and process
TOPSOIL STOCKPILE 12 x CAT 785 TRUCK +2 X CAT 785 TRUCK MINE PLANNING Support Equipment 1 x Cat 834H Wheel Dozer 2 x Cat D9T Dozers 2 x Cat M16 Graders 3 x Water Trucks HAULING 1 x Cat 330 Rock Breaker DRILLING BLASTING LOADING 1 x ATLAS COPCO 1 x ANFO TRUCK ROC L6 2 X HITACHI EX3600 2 x ATLAS COPCO
Slide 12: W Sector
W SECTOR 44 5 ond 7°
Slide 13: Geo-Technical Monitoring
GEO-TECHNICAL MONITORING TUPRAG And visual inspections... “> TUPRAG
Slide 14: Total Pit Production to August 2012
Total Pit Production to August 2012
Slide 15: Mining: Waste Rock Dump Area
MINING Waste Rock Dump Area Diversion channels Water Management WR-1 Channels Pond and Pump Facilities Grading Oxide Waste Placement Oxide Waste Placement Oxide/Sulphide Waste Pond 1 Oxide Capping Pond2 WR-4 Reclamation Resloping SP-12 Capping with soils WR-2 Water wellsWR-5 WR-3
Slide 16: Crushing & Stacking
CRUSHING & STACKING • Phase-I design capacity of 740 tph commenced in June 2006 • Phase II expansion to 1480 tph completed in March 2007 • Phase III expansion to 2000 tph completed in March 2010 • Crushing product target size is 80% - 8 mm
Slide 17: Crushing & Stacking: Major Equipment
CRUSHING & STACKING Major Equipment • 1 x Metso Superior 5065 gyratory crusher • 1 x Metso MP1000 secondary cone crusher • 5 x Metso MP800 tertiary cone crushers • 1 x Schenck double deck banana screen • 6 x Schenck single deck banana screens • Approximately 5 kms of installed conveyor length includ
Slide 18: Crushing & Stacking
CRUSHING & STACKING • Crushed product is conveyed overland 2.5 kms to the leach pad and stacked using mobile ‘grasshopper’ conveyors in conjunction with a radial stacker. • The leach pad presently consists of 21 x HDPE lined cells which are 85 meters wide x 600-700 meters long. • Stacking is done in
Slide 19: Crushing & Stacking: Process Flowsheet
CRUSHING & STACKING Process Flowsheet • Direct dumped from Mine into Gyratory Crusher • Crushed through Secondary and Tertiary Crushing Circuit to ~ - 7.5 mm • Transported by Overland Conveyor to Leach Pad • Placed on leach pad by stacker (10 m lifts x 6) • Solution added and gold extracted to ADR P
Slide 20: Leach Pad
_ LEACH PAD TUPRAG a — TUPRAG
Slide 21: Gold Poured / Year
GOLD POURED/ YEAR TUPRAG TUPRAG
Slide 22: Kisladag 2012 Production Numbers
KISLADAG 2012 PRODUCTION NUMBERS YTD YTD PTD August 2012 August 2012 2012 By end of Actual Budget August Tones placed on leach pad 8,618,370 8,424,257 60,197,782 Grade Au gr / ton 1.16 1.04 1.11 Ounce placed on leach pad 321,919 282,461 2,156,340 Recoverable 204,699 180,105 1,463,787 Ounce placed on
Slide 23: Leach Recoveries & Basis
LEACH RECOVERIES & BASIS • Crushed Oxide Ore Recovery= 80% • Crushed Sulphide Ore Recovery= 62% • ROM Oxide Ore Recovery= 60% • LOM Current Recovery= 65%
Slide 24: ADR Plant & Leach Pad
ADR PLANT & LEACH PAD s TUPRAG
Slide 25: ADR Plant
ADR PLANT
Slide 26: Leach Pad Construction
LEACH PAD CONSTRUCTION TUPRAG
Slide 27: Leach Pad Irrigation
LEACH PAD IRRIGATION
Slide 28: Cash Cost Distribution (August 2012 YTD Actual)
CASH COST DISTRIBUTION (August 2012 YTD Actual) Labour, 20% Fuel, 25% Reagents, 20% Electricity, 8% Explosives, 5% Other, 22% (Maintenance, Insurance, Forestry Fee Expenses)
Slide 29: Human Resources & Administration
Human Resources & Administration as end of August 2012 • Total Headcount : 662 (White Collar:183, Blue Collar: 479) 82% of employees from Uşak Province • Total Headcount (Include Contractor) : 1076 • Average Seniority : 47 Months (3,9 years) • Average Age : 35 • Average Turnover : % 2,4 (2011 Ave.)
Slide 30: Environmental
ENVIRONMENTAL TUPRAG ¢ Basic environmental monitoring like Noise, HCN, and dust monitoring are carried out on a regular basis both at the mine and in nearby villages. There are currently no issues. « The process is working according to zero discharge princible. ¢ The heap leach area and solution pon
Slide 31: Environmental
ENVIRONMENTAL . at ¢ The Inspection and Monitoring Committee comes every two weeks to take soil and water samples from the monitoring bores area. ¢ Dokuz Eylul University Geology Engineering Department comes monthly to perform internal water sampling. « Environmental training is continued to be prov
Slide 32: Safety
SAFETY LTIFR Tuprag (To date): 1,60 LTIFR Contractors (To date): 4,80 H&S Trainings (2012): 7698 Hours 1399 Tuprag Employee 1364 Contractor Employee 2,8 hour/employee Longest LTI-Free (hours) 2,090,753 Longest LTI-Free (days) 566 ONGOING PROJECTS; • Cyanide Code • HSE Software
Slide 33: Community Relations
COMMUNITY RELATIONS Since its inception, Kişladağ has invested over US$11 million in community development projects. Generally, the investments are focused on health, education, and agricultural improvements. Some past projects include: • Supply of potable water to 13 villages; sewage systems are cu
Slide 34: Wedding Hall Construction of Gumuskol Village
Wedding Hall Construction of Gumuskol Village
Slide 35: A mobile health clinic bus
‘ TUPRAG T.c USAK VALIiL a ie MLIDL
Slide 36: Thanks!
THANKS!