KENTOR GOLD LTD ACN 082 658 080 Lead Manager & Underwriter: Tolhurst Noall Limited Lead Manager & Underwriter: Tolhurst Noall Limited Co-Manager to the Issue: Melbourne Capital Ltd Co-Manager to the Issue: Melbourne Capital Ltd Financial Adviser: Investor Resources Limited Financial Adviser: Investor Resources Limited Strategic exploration play in Strategic exploration play in the Kyrgyz Tien Shan the Kyrgyz Tien Shan
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KENTOR GOLD LTD ACN 082 658 080 Lead Manager & Underwriter: Tolhurst Noall Limited Lead Manager & Underwriter: Tolhurst Noall Limited Co-Manager to the.
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KENTOR GOLD LTDACN 082 658 080 Lead Manager & Underwriter: Tolhurst Noall Lead Manager & Underwriter: Tolhurst Noall
LimitedLimited
Co-Manager to the Issue: Melbourne Capital LtdCo-Manager to the Issue: Melbourne Capital Ltd
Strategic exploration play in Strategic exploration play in
the Kyrgyz Tien Shanthe Kyrgyz Tien Shan
Important Notice
A Prospectus dated 31 January 2005 was lodged on that day with the A Prospectus dated 31 January 2005 was lodged on that day with the Australian Securities and Investments Commission (“ASIC”). The Australian Securities and Investments Commission (“ASIC”). The Company has applied to the Australian Stock Exchange Limited (“the Company has applied to the Australian Stock Exchange Limited (“the ASX”) for admission to the official list of the ASX and permission for ASX”) for admission to the official list of the ASX and permission for the Shares offered by this Prospectus and the Existing Shares to be the Shares offered by this Prospectus and the Existing Shares to be listed for quotation on the ASX. ASIC and ASX take no responsibility listed for quotation on the ASX. ASIC and ASX take no responsibility for the contents of the Prospectusfor the contents of the Prospectus
No person is authorized to give any information or make any No person is authorized to give any information or make any representation in connection with the Offer described in the Prospectus representation in connection with the Offer described in the Prospectus which is not contained in the Prospectus. Before deciding to invest in which is not contained in the Prospectus. Before deciding to invest in Kentor, potential investors should read the Prospectus in its entirety Kentor, potential investors should read the Prospectus in its entirety and, in particular, consider the risk factors set out in Section 8 that and, in particular, consider the risk factors set out in Section 8 that could affect the performance of Kentor. You should carefully could affect the performance of Kentor. You should carefully consider these factors in light of your personal circumstances consider these factors in light of your personal circumstances (including financial and taxation issues) and seek professional advice (including financial and taxation issues) and seek professional advice from your accountant, stockbroker, lawyer or other professional from your accountant, stockbroker, lawyer or other professional advisor before deciding whether to invest.advisor before deciding whether to invest.
Kentor – the Company Kentor Gold Ltd – a gold explorer and project Kentor Gold Ltd – a gold explorer and project
generator, operated in the Kyrgyz Republic since 1998generator, operated in the Kyrgyz Republic since 1998 Kentor is focused on the Tien Shan Tien Shan of Central Asia – a Central Asia – a
region now emerging as a world-class gold beltregion now emerging as a world-class gold belt that has the potential to deliver multi-million ounce, low-cost orebodies
Large tenement holding of 3,675 kmLarge tenement holding of 3,675 km² granted ² granted tenements, including the strategic Ertash license tenements, including the strategic Ertash license surrounding the Centerra owned Kumtor Gold Mine surrounding the Centerra owned Kumtor Gold Mine (+12Moz)(+12Moz)
Including the IPO will have raised over almost $10 Including the IPO will have raised over almost $10 million. Exploration to date has generated gold targets million. Exploration to date has generated gold targets ready to drillready to drill
Directors & ManagementDirectorsDirectors John Barr, Melbourne - John Barr, Melbourne - ChairmanChairman Andrew Daley, Melbourne - Andrew Daley, Melbourne - Non-Executive DirectorNon-Executive Director David Royle, Brisbane - David Royle, Brisbane - Managing DirectorManaging Director Hugh McKinnon, Bishkek – Hugh McKinnon, Bishkek – Director &Director & Country ManagerCountry Manager Orozbai Tohtonazarov, BishkekOrozbai Tohtonazarov, Bishkek - General Director CJSC - General Director CJSC
Kentor and Director of Kyrgyz Geophysical ExpeditionKentor and Director of Kyrgyz Geophysical Expedition
ConsultantsConsultantsGlobal Ore Discovery - Stephen Nano and Daryl NunnGlobal Ore Discovery - Stephen Nano and Daryl Nunn
Capital StructureShares issued May 1998 to 30 Sep 2004Shares issued May 1998 to 30 Sep 2004
Raised in excess of $3.7millRaised in excess of $3.7mill
Market Capitalisation on ListingMarket Capitalisation on Listing $17.08 mill$17.08 mill
Post IPO the largest shareholder will hold approx 7%Post IPO the largest shareholder will hold approx 7%
Existing OptionsExisting Options 4.3 mill exercisable at various times before March 20074.3 mill exercisable at various times before March 2007
at between $0.21 & $0.45per share –escrow 2yrsat between $0.21 & $0.45per share –escrow 2yrs 3 mill exercisable at $0.45 per share before March 20073 mill exercisable at $0.45 per share before March 2007 2.9m Exec. Options exercisable at 125% - 175% IPO price2.9m Exec. Options exercisable at 125% - 175% IPO price
10.19mill10.19mill
The Kyrgyz Republic – straddling the Tien Shan belt
Top 20 gold producers
KYRGYZ REPUBLIC& Tien Shan belt
The Kyrgyz Republic Land-locked independent republic in Central Asia approx same Land-locked independent republic in Central Asia approx same
size and population as Victoria, bordered by China, size and population as Victoria, bordered by China, Kazakhstan, Tajikistan & Uzbekistan;Kazakhstan, Tajikistan & Uzbekistan;
President holds executive powers, parliament has broad President holds executive powers, parliament has broad legislative & constitutional power;legislative & constitutional power;
Kyrgyz currency – Som, is freely convertible at a floating rate; Kyrgyz currency – Som, is freely convertible at a floating rate; Member of the World Trade OrganisationMember of the World Trade Organisation Mining represents a significant part of the economy with gold Mining represents a significant part of the economy with gold
comprising 35% of export receipts, Kumtor Mine has operated comprising 35% of export receipts, Kumtor Mine has operated uninterrupted for 7 yearsuninterrupted for 7 years
Favourable tax changes to encourage mining investment are Favourable tax changes to encourage mining investment are proposedproposed
Mining law has many features of Australian Mining LawMining law has many features of Australian Mining Law
activities in the Kyrgyz Republicactivities in the Kyrgyz Republic Owned 80% Kentor Gold Ltd, 20% Kyrgyz Owned 80% Kentor Gold Ltd, 20% Kyrgyz
Geophysical Expedition (“KGE” – a state Geophysical Expedition (“KGE” – a state organisation)organisation)
Permanent staff of 6 in BishkekPermanent staff of 6 in Bishkek Global Ore Discovery manages exploration Global Ore Discovery manages exploration
activitiesactivities KGE - preferred contractor for field KGE - preferred contractor for field
operationsoperations
Kentor Tenements
Ertash – Strategic Tenement
Gold Targets – ready to drill
The string of gold beads
Kumtor Panorama looking south
KUMTOR MINE
South West Deposit
BORDOO PROSPECTAkbel-Kentor
Prospect
ERTASH TENEMENT
SARYTOR PROSPECTKUMTOR MINE
South West Deposit
BORDOO PROSPECTAkbel-Kentor
ProspectSARYTOR PROSPECT12M oz
Project Generation Using a team of experienced & successful people to Using a team of experienced & successful people to
aapply new technology & a proven generative approach pply new technology & a proven generative approach to an under-explored belt with a world-class pedigreeto an under-explored belt with a world-class pedigree
By integrating state-of-art satellite mineral mapping By integrating state-of-art satellite mineral mapping with proprietary GIS databasewith proprietary GIS database Soviet GeochemistrySoviet Geochemistry Soviet GeologySoviet Geology Soviet GeophysicsSoviet Geophysics Structural AnalysisStructural Analysis Permissive stratigraphy interpretationPermissive stratigraphy interpretation Aster alteration mappingAster alteration mapping
RESULT - new targets identified and tenement RESULT - new targets identified and tenement applications lodgedapplications lodged
discovery potential for world-class depositsdiscovery potential for world-class deposits ErtashErtash – strategic land package on Kumtor – strategic land package on Kumtor