Panel 2 Presentation 4 (Khan Altai Project Profile ).pdf

Presntation

1. Gold Project Profile
December 2020
Khan Altai Resource LLC
Suite 1504, M Plaza, Sambuu Street 24, Ulaanbaatar 15141, Mongolia www.khanaltai.mn

2. Forward Looking Statement
Certainstatementsinthispresentationmayconstitute“forward-looking”statementswhichinvolveknownandunknownrisks,uncertaintiesandotherfactorswhich
maycausetheactualresults,performanceorachievementsofKhanAltaiResourceLLC(“theCompany”),orindustryresults,tobemateriallydifferentfromanyfuture
results,performanceorachievementsexpressedorimpliedbysuchforward-lookingstatements.Whenusedinthispresentation,suchstatementsusesuchwordsas
“may”,“would”,“could”,“will”,“intend”,“expect”,“believe”,“plan”,“anticipate”,“estimate”andothersimilarterminology.ThesestatementsreflecttheCompany’scurrent
expectationsregardingfutureeventsandoperatingperformanceandspeakonlyasofthedateofthispresentation.Forward-lookingstatementsinvolvesignificant
risksanduncertainties,shouldnotbereadasguaranteesoffutureperformanceorresults,andwillnotnecessarilybeaccurateindicationsofwhetherornotsuch
resultswillbeachieved.Anumberoffactorscouldcauseactualresultstodiffermateriallyfromtheresultsdiscussedintheforward-lookingstatements.Actual
resultscoulddiffermateriallyfromthosecurrentlyanticipatedduetoanumberoffactorsandrisks.Theseinclude,butarenotlimitedto,thefailuretoobtain
necessaryregulatoryapprovals,includingenvironmentalapproval,thefailuretosecurefullprojectfinancing,thefailuretoimplementtherecommendationssetout
intheCompany’stechnicalreportentitledJORCCodeMineralResourceReportonKhanAltaiProject(the“TechnicalReport”)thefailuretoraisefinancingto
implementtherecommendationsintheTechnicalReport,risksassociatedwiththeminingindustryingeneral(e.g.,operationalrisksindevelopment,explorationand
production;delaysorchangesinplanswithrespecttoexplorationordevelopmentprojectsorcapitalexpenditures;theuncertaintyofestimatesandprojections
relatingtoproduction,reservesandresources,costsandexpenses,andhealth,safetyandenvironmentalrisks),decreaseincommoditypricesandexchangerate
fluctuations.
Althoughtheforward-lookingstatementscontainedinthispresentationarebaseduponwhatmanagementoftheCompanybelievesarereasonableassumptions,
theCompanycannotassureshareholdersthatactualresultswillbeconsistentwiththeseforward-lookingstatements.Theseforward-lookingstatementsaremade
asofthedateofthepreparationofthispresentationandareexpresslyqualifiedbythiscautionarystatement.Subjecttoapplicablesecuritieslaws,theCompany
assumesnoobligationtoupdateorrevisethemtoreflectneweventsorcircumstances.ThispresentationisbasedontheCompany’spublicdisclosureanddoesnot
formapartofanyofferofsecurities,orconstituteasolicitationofanyoffertopurchaseorsubscribeforsecurities.
Scientificandtechnicalinformationreferredhereinhasbeenextractedfromandareherebyqualifiedbyreferencetothe“JORCCodeMineralResourceReporton
KhanAltaiProjectpreparedbySRKConsultingMGLLLCinMarch2020.
www.khanaltai.mn 1

3. Safetyis our Priority
www.khanaltai.mn 2
“We ensure every
single requirement to
satisfy our values to
be fulfilled before
taking any action from
the beginning to the
end of the project.”
-Erdenetuya G.,
Manager HSEC and Permitting

4. MAX Group
Founded in
1991
as a trading company
20
subsidiaries &
related companies
2500
overall employees
www.khanaltai.mn 3
Established in 1991 as a trading
company, MAX has developed and
expanded its operation
consistently for 28 years and
today, the Group consists of 20
subsidiaries and related
companies with more than 2,500
employees.
Today, MAX Group engages in
diverse business activities such as
real estate development, mining,
civil and road construction,
agriculture and dairy product
manufacturing, food industry, and
import & export trading services.

5. Who we are
www.khanaltai.mn 4
Our mission
“To establish
responsible mining
that is beneficial to
the community”
Our vision
“To become the
Company that
produces final
productfrom the
mining extraction
business by 2027”
Our values
“People &the
environment”

6. Geological exploration
at the project area
Exploration Milestone
2018 September
Discovery of Khan
Altai Gold Deposit,
Drilled 3,000 m
2019 March
Extensive drill work of
15,000 mwasstarted
according to JORC guidelines
2019 June
Metallurgical test work
was completedin ALS
Metallurgy Australia
2019 December
Resource calculationwas registered
atMineralsResource & Petrolium
Authority of Mongolia (MRPAM)
2020 March
JORC resourcewascalculated
at 41.5 tn of gold (1.33 M Oz)
by SRK Consulting
2020 June
Oxide ore resource wascalculated
& registeredatMRPAM
2010 2020
2020 March
Drill work of 38,000 m
was started
www.khanaltai.mn 5
With the potential to become the
biggest gold mine in Mongolia, Khan
Altai gold deposit was discovered by
the geological team of Max Mining in
2018. Currently extended
exploration is being carried out.
2020 March
BIOX test work was completed
by Outotec in South Africa
2012September
Discovery of Ereenbudagt
Copper Deposit,
Drilled 27,000 m
26Mt ore
2020February
Receivedmining license
MV-021537
2019 January
JORC technical review
on the exploration by
SRK Consulting
2019

7. Location
www.khanaltai.mn 6
Yesonbulag sum
Gobi Altai province
1,000 km west from
Ulaanbaatar city, 95 km
southeast from Altai city
Mining licenseMV-021537
receivedin February2020
for 6,793.28 ha

8. Exploration
Works done up to date
www.khanaltai.mn 7

9. Exploration Updates (as of December 2020)
Drill work
51,755m 190drill holes, 60 –430 m
in depth, average core recovery 94%, drill
spacing varies between 40 –150 m, 25,300
samples analysed.
www.khanaltai.mn 8
Metallurgical test works
~7,500 kg of samples are being
tested for pilot plant testing for heap
leaching operation.
Overall exploration procedures
comply with JORC code.
Other studies
90 drill holes with 15–50 m in depth
for engineering geology study.
1,500 m drilled for 6 drill holes, all
structural data were analyzed.
JORC Resource Estimation Updates
By March 2021, we are expecting to
complete updates on our JORC
resource estimation

10. Project Geology
www.khanaltai.mn 9
As of May 2020, only
20%
of the mineralisation
zone is drilled.
The deposit occurs in the
Neoproterozoic-Cambrian Lake terrain.
Gold mineralization occurs in a quartz -
sericite -sulphidezone hosted by
volcanogenic sedimentary rocks
extending over 4 x 7 km area, where the
drilling to May 2020 (20,980 m) of core
has only tested 20% of this area.
MV-021537
MV-021243

11. Mineralisation Zone
Confirmedgold
mineralisation zone
of the deposit
Potentialgold
mineralization zone
Alterationzone
www.khanaltai.mn 10
Drill verified gold
mineralisation
zone
Potentialgold
mineralisation zone
Gold
alterationzone
Drill verified
copper
mineralisation
zone
Potentialcopper
mineralisation
zone

12. Resource
Project Value in Minerals
www.khanaltai.mn 11

13. JORC Resource Summary
www.khanaltai.mn 12
Ore Category
Au
Cut-Off
Grade
(ppm)
Volume
(Mm
3
)
Tonnes
(Mt)
Au
Average
Grade
(ppm)
Contained Au
(Moz) (t)
Oxide
Indicated
0.3
2.11 5.61 1.09 0.20 6.11
Inferred 0.87 2.35 0.79 0.06 1.85
Subtotal 2.98 7.96 0.26 7.97
Primary
Indicated
0.5
6.97 19.13 1.15 0.62 22.00
Inferred 3.86 10.55 1.10 0.34 11.61
Subtotal 10.83 29.68 0.95 33.61
TOTAL 13.81 37.64 1.21 41.58
37.64 Mt
Million ton ore reserve
41.58 t
Ton gold contained
(1.21 Million ounce)
1.12 g/t
Average gold grade
Based on the 2019 exploration data.

14. JORC Resource Summary
www.khanaltai.mn 13
Au
Cut-Off
Grade
(ppm)
Volume
(Mm
3
)
Tonnes
(Mt)
Au
Average
Grade
(ppm)
Contained Au
(Moz) (t)
0.1 82.3 203.8 0.35 2.29 71.32
0.2 33.6 84.4 0.65 1.76 54.86
0.3 19.3 50.9 0.92 1.51 46.82
0.4 15.1 40.7 1.06 1.39 43.18
0.5 13.8 37.6 1.12 1.35 42.09
0.6 12.3 33.6 1.18 1.27 39.60
0.7 10.2 27.7 1.3 1.16 36.04
Au
Cut-Off
Grade
(ppm)
Volume
(Mm
3
)
Tonnes
(Mt)
Au
Average
Grade
(ppm)
Contained Au
(Moz) (t)
0.8 7.8 21.4 1.46 1.00 31.23
0.9 6.3 17.2 1.61 0.89 27.76
1.0 5.1 14.0 1.77 0.80 24.80
2.0 1.1 3.1 3.26 0.32 10.01
3.0 0.3 0.9 5.24 0.16 4.96
4.0 0.2 0.5 7.21 0.11 3.32
5.0 0.1 0.3 8.14 0.09 2.81
Based on the 2019 exploration data.

15. Ore Body
www.khanaltai.mn 14
Gold grade > 0.35g/t
Gold grade > 0.92g/t
Gold grade >1.77g/t
Based on the 2019 exploration data.

16. Ore Types
www.khanaltai.mn 15
Oxide ore 37.64 Mt
Million ton ore reserve
1.12 g/t
Average gold grade
Primaryore
Hole IDFrom ToLength [m]Au [g/t]
HB-014 10 134 124 1.28
HB-016 8 120 112 2.30
HB-023 1 116 115 2.44
HB-025 43 110 67 2.18
HB-036 2 70 68 3.00
HB-073 0 75 75 2.10
Based on the 2019 exploration data.

17. Process Flow Diagram
www.khanaltai.mn 16
Heap leaching plant
3,000,000 tpa
Capacity
Flotation &
oxidation plant for
primary ore

18. www.khanaltai.mn 17
Whats next?
Upcoming project
development stages

19. Further Developments
www.khanaltai.mn 18
Oxide ore
processing
Heap
leaching
plant
3,000,000 tpa
Fresh ore processing
Flotation &
oxidation
plant

20. Location Advantages
Cost-Reducing Factors
www.khanaltai.mn 19
Ore
transportation
cost low
7.5 km
downward
sloping
Accessible to
national power grid
13 km
Favorable geological
location
3
o
-4
o
slope & wind-locked
Nearby raw
materials within
3 km
Water supply
81 L/sec
LIME
GRAVEL
CLAY
HYDROGEOLOGICAL
STUDY AREA

21. Environment
International standards to be committed with
www.khanaltai.mn 20
Environmental
Management Systems
Occupational Health and
Safety Management
Systems
Environmental Impact
Assessment
Submitted to the Ministry of
Environment for approval
Environmental and Social
Impact Assessment (ESIA)
To be carried out after the
bankable feasibility study
completed
Environmental
Monitoring Program
To be carried cooperating with local
community members

22. Expertise & Governance
Management Team
www.khanaltai.mn 21
Imants Kavalieris
Consultant
is an experienced
consultant and active field
geologist. He has worked
on some of the largest
porphyry copper deposits
in South East Asia such as
Grasberg, Indonesia and
OyuTolgoi, Mongolia.
Erdenetuya G.
Manager HSEC &
Permitting
is a professional with 15
years of experience in
environmental
compliance, consulting,
monitoring and
reclamation. Worked in
internationally known
energy, gold and coal
projects of nameltRio
Tinto and CenterraGold
Davaa-Ochir D.
Chief Officer of Mining
& Heavy Industry Div. at
Max Group
has participated
successfully in number of
gold, copper, poly-metal,
coal and methane gas
(CBM) exploration Projects
in Mongolia & Southeast
Asia.
Gantulga B.
CEO
is proven professional in
project management, has
held senior HSEC (Safety)
positionsin international
mining companies
including Rio Tinto, Fluor
and BHP with .
Enkhbayar B.
Project Manager
is a Dedicated Project
Manager with a history in
business administration,
foreign relations and
business development.
Educated yet down-to-earth
and unafraid to get hands-
on.
Tumurbaatar Kh.
Project Economist
is a proven industry
economist specialized in
gold deposit exploration
and resource computation.
Worked on multiple placer
gold projects including
KhukhSerkh, Olonbulag,
and BichigtKhad.

23. Other Projects
In Gobi Altai province by MAX Group
www.khanaltai.mn 22

24. www.khanaltai.mn 23
Thank you for your attention.
Khan Altai Resource LLC
Suite 1504, M Plaza
Sambuu Street 24
Ulaanbaatar 15141, Mongolia
[email protected]
Gantulga B.
CEO
Khan Altai Resource LLC
[email protected]
Davaa-Ochir D.
Chief Officer of Mining & Heavy
Industry Division of MAX Group
[email protected]