Altyngold Plc · LSE:ALTN
Altyngold — Investor Presentation (October 2025)
21 slides from Altyngold's investor presentation, October 2025
Slide 1: Corporate Presentation
Inspired by the Golden Steppe Corporate Presentation October 2025 AltynGold: an established, growing, low-cost producer
Slide 2: AltynGold at a glance
AltynGold at a glance An established, fast-growing and low-cost gold producer in Kazakhstan with large-scale resources Fast growing • Guiding 50koz production in 2025, +34% YoY • Gold production +44% in H1 2025 to 25,081oz • EBITDA +125% in H1 2025 to US$44.1m (H1 2024: $19.6m) Significant, low-cost
Slide 3: Low-cost gold assets in an established pro-mining jurisdiction
Low-cost gold assets in an established pro-mining jurisdiction Sekisovskoye Kazakhstan Underground Operation Sekisovskoye and Teren-Sai Deposit Processing Capacity 1 Mtpa City Pará Pará AISC (H1 2025) US$1,357oz Pavlodar Kostanay Reserves (Au) 3.60Moz* Astana Resources (M&I) 3.65Moz* Semey Ust-Kamen
Slide 4: Targeting sustainable growth
Targeting sustainable growth Gold poured Altyn has increased production by 3.5X since 2019 and is on track to 140,000 achieve its target of 50koz gold poured in 2025 • In H1 2025 gold production from Sekisovskoye was up 44% to 120,000 25,081oz (H1 2024: 17,413oz) o Well-positioned to achieve FY targ
Slide 5: Operations
Operations CORPORATE PRESENTATION 2025 5
Slide 6: Sekisovskoye – capacity enhanced
Sekisovskoye – capacity enhanced Over 60 years 5.05Moz Life-of-mine (LoM) Gold Reserves H1 2025 operational progress o Ore mined was up 35% to 450,578t (H1 2024: 334,101t) o Mined gold grade of 2.04g/t (H1 2024: 2.30g/t) o Gold recovery rate 84.75% (H1 2024: 84.57%) Plant development • The plant upg
Slide 7: Teren Sai - continued exploration and development
Teren Sai - continued exploration and 1.48Moz development Gold Reserves Overview • Teren Sai is an exploration and development project located in the east of Kazakhstan adjacent to AltynGold's operating Sekisovskoye Mine covering an area of 200 km2. • In 2024 Teren-Sai a subsoil exploration contract
Slide 8: AltynGold's growth priorities
8 CORPORATE PRESENTATION 2025 STRATEGIC ORIENTATION Increasing production AltynGold’s The Board is in the early stages of evaluating plans to expand growth Sekisovskoye’s current 1Mt throughput capacity to achieve 2Mt - 2.5Mt within 24 months priorities • A detailed technical, engineering, and finan
Slide 9: Financials
Financials CORPORATE PRESENTATION 2025 9
Slide 10: 2025 interim results
2025 interim results Transformative financial performance through processing expansion, taking full advantage of strong gold prices Expanding production • Expansion of the Sekisovskoye processing plant increased production 44% YoY to 25,081oz • Reiterated 2025 production guidance of 50,000oz Generat
Slide 11: Financial results
Financial results (all figures in US$ unless otherwise stated) H1 2025 H1 2024 FY 2024 FY 2023 Revenue $70.0m $38.4m $94.5m $64.4m Average gold price achieved $3,099oz $2,293oz $2,441oz $1,967oz Adjusted EBITDA $44.1m $19.6m $50.9m $22.3m Profit before tax $34.6m $10.3m $30.4m $11.9m AISC $1,357oz $
Slide 12: ESG
ESG CORPORATE PRESENTATION 2025 12
Slide 13: Safety-first operations with strong community links
Altyn is one of the largest employers in the Glubokoy 13 CORPORATE PRESENTATION 2025 district, with 55% of employees from local communities ESG • 530 total employees in 2024, up 10% from 2023 • Supporting gender diversity: over 45% of senior management Safety-first are women. • Memorandum of Coopera
Slide 14: ESG case study: Hokkaido University
ESG case study: Hokkaido University Key features 01 Developing innovative mining systems and processes in collaboration with our partners Training on Mine Digital Twin (3D model of the mine and its surrounding area) • AltynGold has partnered with Hokkaido University under Japan’s Science and Technol
Slide 15: Ongoing priorities
Ongoing priorities CORPORATE PRESENTATION 2025 15
Slide 16: Ongoing Priorities
Ongoing Priorities Enhancing production Deliver full-year production of 50koz+ in 2025 (+34% YoY), underpinned by the 50% processing capacity 01 • expansion at Sekisovskoye • Detailed planning underway to deliver medium-term plan of at least 100koz on an accelerated basis from mine expansion at Seki
Slide 17: Why invest?
Why invest? An established, growing and low-cost producer …with a track record of growth Growing production • AltynGold has grown production by 3.5x since 2019, with significant growth options ahead 25,081oz of gold produced in H1 2025, +44% YoY Well invested with high-quality resource base 50koz •
Slide 18: Appendix
Appendix CORPORATE PRESENTATION 2025 18
Slide 19: Board
Board KANAT ASSAUBAYEV AIDAR ASSAUBAYEV SANZHAR ASSAUBAYEV MARYAM BURIBAYEVA Chairman CEO Executive Director Chief Financial Officer Kanat Assaubayev is one of Aidar Assaubayev is an Sanzhar Assaubayev was Maryam Buribayeva is a finance Kazakhstan's leading Executive Director of formerly Director of
Slide 20: Board
Board ANDREW TERRY ASHAR QURESHI VLADIMIR SHKOLNIK Non-Executive Director Senior Non-Executive Director Non-Executive Director Andrew Terry is an English- Ashar Qureshi is a London Vladimir Shkolnik has held prominent qualified solicitor specialising in based US qualified lawyer. He roles in the Kaz
Slide 21: Inspired by the Golden Steppe
Inspired by the Golden Steppe www.altyngold.uk AltynGold Plc 21