• All deposits located mostly 60 km north of Ekaterinburg ( see Figure 1) Russian Federation ,along the famous Ural Gold District with placer and bed-rock gold deposits. Project areas of the Ural Gold Project are grouped in 5 clusters ( See Figure 1&table 1): The Nevyansk cluster consists of 8 All prospective areas are located along the meridional Ural highway P352 and parallel railway system, which connects all main cities and industrial centres in the Middle and North Ural: Yekaterinburg – Nevyansk – Nizhny Tagil – Serov – Ivdel’ spective areas (Middle Ural); The Central cluster consists of 2 prospective areas and is located in the Krasnouralsk – Nizhnya Tura industrial area (Middle Ural);The Western cluster consists of 3 prospective areas and is located to the west of the Nizhny Tagil industrial area (Middle Ural); The Turinsk cluster consists of 1 prospective area and is located in an area of low population, to the south of the Turinsk – Serov industrial area (Middle-North Ural); The Northern cluster consists of 2 prospective areas: Ivdelsky and Manyinsky. The Northern cluster is centred at approximately is located in the Ivdel’ industrial area (North Ural). All prospective areas are located along the meridional Ural highway P352 and parallel railway system, which connects all main cities and industrial centres in the Middle and North Ural: Yekaterinburg – Nevyansk – Nizhny Tagil – Serov – Ivdel.
• First, all perspective gold areas were investigated since 1995 by former Canadian listed gold giant Placer Dome ( now is the part of Barrick gold).
• Gold grades in average 4-5 g/th;
• Confirmed by the presence of rich ore blocks with a content of 3-4 g / tonne, which is significantly higher than the average for world deposits - 1-2 g / tonne
• It is possible to use traditional low-cost gold extraction technologies due to the absence of resistant ores
• GEOLOGICAL & MINING FEATURES
• Oxidized ore to the depth of 100-150 m
• Near the subsoil areas there is a developed infrastructure&logistics (motor roads - near the borders, and power lines (cross the area). Licensed areas are located in the area of the already existing infrastructure for the enrichment of gold-bearing ore - Vorontsovskaya (Polymetal PLC listed LSE ) and Shuralinksoe deposit (UMMC – one of the most largest private mining companies in Russia, the second copper producer in Russia)
• Given that the Berezovskaya Mill is under-loaded (located 30 km from the Nevyan cluster) and the proven reserves at the Vorontsovskoye field are almost depleted, one of the scenarios GMIC&Uralsgold -processing ore to their assets .
• Investment value of business , using income approach ( DCF method) is 333 mlnusd according to June 30, 2016, prepared by EY ( Ernst&Young) Moscow office;

Location and infrastructure

• Urals is the only region in Russia with:
  • such opportunities for new gold discoveries
  • within excellent infrastructure
  • LOGISTICS
• Infrastructure is excellent:
  • asphalted roads everywhere; railroad <20-25 km;
  • high voltage electric lines (500 kWt); gas pipelines