A 24-32% equity stake in the parent company of a Kazakhstan gold subsoil user is offered together with a separately structured USD 27 million development programme. First independent KAZRC estimate (2026; a CRIRSCO member code equivalent to JORC): about 3.8 t of gold (122 koz); 87% recovery confirmed by metallurgical test work. Rail, an international road corridor towards China, power and water at site. A state-owned company holds 25% of the subsoil user. Closing by end of October 2026; full details after NDA.

Southern Kazakhstan.

Railway trunk line under 10 km; international road corridor towards the PRC about 20 km; a power line crosses the site; water supply is secured; the regional capital is 25 km away, providing a readily available workforce; year-round field season.

The opportunity. Acquisition of a 24-32% participatory interest in the parent company of a gold subsoil user in the Republic of Kazakhstan, combined with an investment programme of about USD 27 million. The programme is structured separately and is not included in the stake price. A state-owned company holds 25% of the subsoil user; annual financial statements are audited by an independent auditor under IFRS. Asset and tenure. Valid exploration contract for gold-bearing ores held since 2017, southern Republic of Kazakhstan. Tenure continuity is secured: in 2026-2027 the right converts into an exploration licence under the Subsoil Code, extending the exploration horizon by up to five further years - through 2032. Current geological allotment - approx. 5 sq km, expanding to about 21 sq km (9 blocks) upon licence conversion. Title documents are in good standing and free of encumbrances. Resource base (KAZRC, 2026). First independent mineral resources and reserves estimate under the KAZRC Code - a full CRIRSCO member, equivalent to JORC / NI 43-101 - prepared by an independent Competent Person (PhD, MAIG, a registered KAZRC Competent Person): a total of about 3.8 t of gold (122 koz) at an average grade of 0.63 g/t. The resources comprise Indicated resources of 0.56 t and Inferred resources of 3.23 t; the Indicated resources support approved Probable reserves of 0.54 t at 0.72 g/t (resources reported inclusive of reserves). The estimate predates the 2026 field programme: 800 m of a 1.5 km trenching programme completed and a further 700 m in progress (July 2026), with a 4.7 km drilling programme under way across the area, scheduled for completion by the end of September 2026. The programme targets both conversion of Inferred resources into reserves and delineation of new mineralised zones; an updated estimate is in preparation. Metallurgy. 87% gold recovery via a combined gravity and cyanidation flowsheet; free-milling ore with liberated gold, no roasting or autoclave required - well suited to a modular low-capex processing plant. Infrastructure. Railway trunk line under 10 km; international road corridor towards the PRC about 20 km; a power line crosses the site; water supply is secured; the regional capital is 25 km away, providing a readily available workforce; year-round field season. Development plan. Phase 1 (2026-2028) - USD 12.3 million: completion of exploration (4), a modular gold processing plant of 100 ktpa (5), mining fleet and initial working capital (about 3.3); first module commissioning in December 2028. Phase 2 - plant expansion to 500 ktpa, about USD 15 million, funded by the investor. Financial highlights. NPV (10%) about USD 58 million, IRR about 72% at a gold price of USD 4500/oz; the full financial model is available in the data room after NDA. Process and timeline. Contact via the listing platform; after an initial introduction, a bilingual non-disclosure agreement is signed (electronic signing for Kazakhstan residents, exchange of executed copies for foreign parties), followed by data room access: teaser, presentation, KAZRC report, financial model and legal documents. The company name and website are disclosed after initial contact. Closing of the stake transaction - by the end of October 2026. Reason for sale: attraction of a strategic partner for the development stage.