Introducing GoldBridges Global Resources Plc October 2014 - PowerPoint PPT Presentation

Introducing GoldBridges Global Resources Plc October 2014

Important notice The content of information contained in these slides (the “Presentation”) has not been approved by an authorised person within th e meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance upon this Presentation for the purpose of engaging in any investment activity may expose an individu al to a significant risk of losing all of the property or other assets invested. If any person is in any doubt as to the contents of this Presentation, they should seek independent advice from a person who is authorised for the purposes of FSMA and who specialises in advising in investments of this kind. This Presentation has been prepared by, and is the sole responsibility of, the directors of GoldBridges Global Resources Plc (the “Company”). Those directors have taken all reasonable care to ensure that the facts stated herein are true to the best o f their knowledge, information and belief. 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Introducing GoldBridges Global Resources Plc GoldBridges Global Resources Plc was previously known as Hambledon Mining Plc . Sekisovskoye mine Astana It changed its name after an offer was accepted by African Resources to acquire up to 60% of Hambledon shares. The company is AIM listed, ticker GBGR LN Almaty GBGR owns 100% of the Sekisovskoye open pit gold mine in East Kazakhstan and is focused on developing the higher grade underground deposit. In 2013 GBGR produced 30,670 oz of gold and 34,905 oz of silver. H1 2014 gold production was 12,673oz.  Sekisovskoye mine development project has been approved for inclusion in the State Program on Forced Industrial-Innovative Development (SPFIID).  We expect gold output to be greater than 100,000oz from 2017 onwards.  Growth options beyond Sekisovskoye, such as the Karasuyskoye Goldfields. 3

Management Team – Proven Track Record Mr Aidar Assaubayev appointed CEO African Resources offer made to Hambledon The Assaubayev family is a proven operator of gold mines in Kazakhstan and is supported by an experienced Board. 4

Financial Results – A Profitable Business H1 FY14 FY13 FY12 Revenue (US$m) 16.7 42.4 38.9 Operating profit (US$m) 3.3 3.1 -20.5 Net profit * (US$m) 3.8 1.5 -22.1 EPS (c/share) 0.19 0.15 -2.36 Net assets (US$m) 78.6 58.4 29.3 Operating cashflow (US$m) -0.8 7.3 -9.9 Investing cashflow (US$m) -5.1 -7.5 -9.3 Financing cashflow (US$m) 22.3 -0.3 20.0 Total cash flow (US$m) 16.4 -0.4 0.7 Year end (31 Dec/30 June) cash position (US$m) 18.5 2.1 2.5 * Includes a write back of US$9.3M of provisions in FY13 after the successful resolution of the fines imposed from the tailings dam 3 incident in 2011. Includes US$2m tax credit in H1 FY14 5

Sekisovskoye - Production Results – Significant Improvements YoY H1 FY14 FY13 FY12 YoY % change Total ore milled (t) 333,490 701,361 628,731 12% Gold grade (g/t) 1.42 1.61 1.37 18% Recovery (%) 83.4 84.3 80.4 5% Poured gold (oz) 12,694 30,670 22,470 37% Poured silver (oz) 17,380 34,905 27,198 28% • Operating cash cost per ounce of US$903 in FY13, a 15% reduction from US$1,046 in 2012. Now reduced to US$744/oz in H1 FY14; • Positive FY13 contribution from underground mining of 7,157oz (2012: 3,347oz); • Average FY13 underground grade of 3.5g/t vs 2.75g/t in 2012. 6

Sekisovskoye – an Operating Mine with Huge Expansion Opportunities • Producing gold for 8 years from open pit but vast underground reserves and resources already delineated. • Move from small open pit mine to large underground operation will increase gold output significantly and life of mine. • Geology and metallurgy well understood. 7

Near Term Drilling Results For 2014 Drilling Programme To Date Hole Hole Intercept Intercept Northing Easting RL Azimuth Hole Angle Interval Grade Identification Length Start Finish (m) (m) (masl) (Degrees) (Degrees) (m) (g/t) Number (m) (m) (m) EXP276 7,233.6 6,744.6 276.0 225.6 0 10.5 0 6 6 9.2 EXP226 7,224.8 6,764.4 263.9 46.4 81.0 15 0 15 15 5.9 EXP219 7,225.2 6,772.4 263.9 46.4 64.5 18 4 18 14 6.5 EXP209 7,219.9 6,780.8 263.8 46.4 64.5 17 0 16 16 9.8 EXP210 7,219.4 6,780.2 263.9 46.4 85.5 15 0 8 8 13.1 EXP259 7,248.1 6,738.6 264.2 46.4 57.5 18 1 10 9 6.9 EXP255 7,244.6 6,742.1 264.2 46.4 58.5 18 4 14 10 5.3 EXP240 7,234.4 6,753.0 264.4 46.4 81.5 16 0.5 5.1 4.6 24.1 EXP238 7,234.5 6,753.2 264.8 46.4 30.0 12 0 4 4 17.9 EXP231 7,228.1 6,761.5 263.9 46.4 83.0 14 0 14 14 4.5 EXP271 7,253.8 6,730.1 264.2 226.4 68.5 9 0 8 8 6.1 EXP268 7,257.2 6,734.4 264.7 46.4 53.0 19.5 0 9 9 5.8 EXP269 7,257.0 6,734.2 264.3 46.4 84.0 15 0 15 15 9.5 EXP265 7,251.1 6,736.2 264.2 226.4 89.0 15 0 15 15 4.7 EXP263 7,251.1 6,736.3 264.9 46.4 41.0 12 0 11 11 11.0 8