Consolidating ownership of two quality assets with significant pipeline for growth
Near term Production
Kokkus Au Project
Scythian 51%, 100% near IPO. Current Resource JORC I & I 504,000 oz Au @ 1.43g/t Au.
Kokkus has potential to be a world class deposit.
Scythian completed 3800m drilling in 2022 to increase the resource form 0.2m oz Au to 0.5m oz Au:
Stage 1 Initial exploration, completed in 2022
Stage 2 Increase drilling by another 18-20,000m to target a resource of 1.5m-2m oz Au. Plus complete IP survey to locate possible extension and repeats of the Kokkus anticline under soil cover, a magnetic survey to map late-stage structures and soil geochemistry >10 sq km. SRK JORC resource to be completed by October 2023
Stage 3 Post IPO, start production and increase drilling to a target of +5m oz Au
East Balkhash Cu-Au Porphyry Projects
600sq km, SSRUC renewed in 2021 for another 3 years SMG own 20% with option to buy the remaining 80% for $7.4m
Two main projects:
Dyharyk South - Au project discovered by SMG in 2018, potential for >2m oz Au, 3.5km long x 800m wide
Taisogan Cu - potential >1m ton Cu @ 0.34%