Peter Akerley

what today is a six-year reserve extending significantly in terms of mine life based on the additional exploration and studies

we have a reserve that was defined at 1860 gold

we're sitting on 630 million pounds of molybdenum and equal copper

Altan Nar is already a half a million oz of near-surface mineralization high-grade polymetallic in nature

here we are with three 43-101 deposits exposed at surface

near surface half a million ounces near two gram deposit that is desperately in need of additional exploration

were brought to bear on the building of Bayan Khundii for 120 million dollars in 22 months

It was $115 million build and we built it in 22 months.

We're seeing EBITDA close to 50% based on where we are today

it provides significant cash flow from in excess of 75,000 oz per year production

a 20 to 25 million pound per year molly producer with close to equivalent copper as a byproduct

molly prices have been pretty stable at $30 a pound

we generated close to 100 million Canadian of revenue

We have 122 million in debt outstanding and our main priority is to see that paid down

So in the subsidiary there's uh 123 million in debt. So that's the 50 million that was the commercial loan. The uh what was up to 80 million from MMC but uh turned out to be 60 and then the interest on top of that.

The expiration budget has been approved which was a few million at the end of last year and another 10 million in 2026.

the company at the corporate level has $28 million in cash, no debt. There's close to 30 million also in the subsidiary as of end of Q1

Bayan Khundii built and now in production, now in commercial production

we just achieved first goal uh late Q3 last year

we built it in 22 months

Drill results should be available on that um sometime by mid-July

We have a a PEA that'll be delivered this year for Zoom Mod

our emerging Khundii Minerals District and the Altan mine that we have now established a Bayan Khundii gold mine in southwestern Mongolia

to build out this new district in southwestern Mongolia

Eric Sprott, a very important cornerstone investor here at 23%

We only have 65 million shares outstanding

by the time we're at the end of 26 we pretty much have to be opening that up to begin to deliver it uh into late 27

by the end of Q2 we will provide resources on all of our projects. So you'll have Gulahan, you'll have the expanded bay in Hyundai, you'll have Alton uh Nar and Darkwells all reported in a single uh report in that period. And then we'll have the updated reserves at a much higher gold price for buying Hyundai uh and a mine plan and schedule that and will be revised as we move into that period as well.