Asset Report

Andash gold mine project

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06 December 2018

Andash gold mine project

Report summary

The Andash project is located 280km from the capital city of Bishkek and 45km from regional centre Talas, north-western Kyrgyz Republic. The project is planned as an open pit mine with conventional truck and excavator open pit mining methods. Life of mine (LOM) is estimated at 6 years. In 2015, a scoping study was completed for a combined Andash-Taldybulak project. Initial capex was estimated at US$320 million. Based on results of the Scoping Study, Tengri Resources announced plans to defer project development due to less than favourable project economics at prevailing gold prices.

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