KENTOR GOLD LTD
KENTOR GOLD LTD ACN 082 658 080 Lead Manager & Underwriter: Tolhurst Noall Limited Co-Manager to the Issue: Melbourne Capital Ltd Financial Adviser: Investor Resources Limited Strategic exploration play in the Kyrgyz Tien Shan Important Notice A Prospectus dated 31 January 2005 was lodged on that day with the Australian Securities and Investments Commission (“ASIC”). The Company has applied to the Australian Stock Exchange Limited (“the 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 listed for quotation on the ASX. ASIC and ASX take no responsibility for the contents of the Prospectus No person is authorized to give any information or make any representation in connection with the Offer described in the Prospectus which is not contained in the Prospectus. Before deciding to invest in Kentor, potential investors should read the Prospectus in its entirety and, in particular, consider the risk factors set out in Section 8 that could affect the performance of Kentor. You should carefully consider these factors in light of your personal circumstances (including financial and taxation issues) and seek professional advice from your accountant, stockbroker, lawyer or other professional advisor before deciding whether to invest. Kentor – the Company Kentor Gold Ltd – a gold explorer and project generator, operated in the Kyrgyz Republic since 1998 Kentor is focused on the Tien Shan of Central Asia – a region now emerging as a world-class gold belt that has the potential to deliver multi-million ounce, lowcost orebodies Large tenement holding of 3,675 km² granted tenements, including the strategic Ertash license surrounding the Centerra owned Kumtor Gold Mine (+12Moz) Including the IPO will have raised over almost $10 million. Exploration to date has generated gold targets ready to drill Directors & Management Directors John Barr, Melbourne - Chairman Andrew Daley, Melbourne - Non-Executive Director David Royle, Brisbane - Managing Director Hugh McKinnon, Bishkek – Director & Country Manager Orozbai Tohtonazarov, Bishkek - General Director CJSC Kentor and Director of Kyrgyz Geophysical Expedition Consultants Global Ore Discovery - Stephen Nano and Daryl Nunn Capital Structure Shares issued May 1998 to 30 Sep 2004 Raised in excess of $3.7mill 22.15 mill IPO (Raise $6mill @ $0.50) 12.00 mill Total 34.15 mill Market Capitalisation on Listing $17.08 mill Post IPO the largest shareholder will hold approx 7% Existing Options 4.3 mill exercisable at various times before March 2007 at between $0.21 & $0.45per share –escrow 2yrs 3 mill exercisable at $0.45 per share before March 2007 2.9m Exec. Options exercisable at 125% - 175% IPO price 10.19mill The Kyrgyz Republic – straddling the Tien Shan belt KYRGYZ REPUBLIC & Tien Shan belt Top 20 gold producers The Kyrgyz Republic Land-locked independent republic in Central Asia approx same size and population as Victoria, bordered by China, Kazakhstan, Tajikistan & Uzbekistan; President holds executive powers, parliament has broad legislative & constitutional power; Kyrgyz currency – Som, is freely convertible at a floating rate; Member of the World Trade Organisation Mining represents a significant part of the economy with gold comprising 35% of export receipts, Kumtor Mine has operated uninterrupted for 7 years Favourable tax changes to encourage mining investment are proposed Mining law has many features of Australian Mining Law Operating Structure CJSC Kentor holds licenses & manages activities in the Kyrgyz Republic Owned 80% Kentor Gold Ltd, 20% Kyrgyz Geophysical Expedition (“KGE” – a state organisation) Permanent staff of 6 in Bishkek Global Ore Discovery manages exploration activities KGE - preferred contractor for field operations Kentor Tenements Ertash – Strategic Tenement Gold Targets – ready to drill The string of gold beads ERTASH TENEMENT South West Deposit KUMTOR MINE 12M oz SARYTOR PROSPECT BORDOO PROSPECT Kumtor Panorama looking south Akbel-Kentor Prospect Project Generation Using a team of experienced & successful people to apply new technology & a proven generative approach to an under-explored belt with a world-class pedigree By integrating state-of-art satellite mineral mapping with proprietary GIS database Soviet Geochemistry Soviet Geology Soviet Geophysics Structural Analysis Permissive stratigraphy interpretation Aster alteration mapping RESULT - new targets identified and tenement applications lodged Exploration Budget AU$ Projects 2005 2006 1,284,000 1,550,200 42,400 51,500 31,400 30,700 657,000 34,900 Nil 698,100 Kyrgyz Admin 108,100 93,900 Australian 487,300 461,100 $2,640,900 $2,889,600 Ertash Karasu Kensu Kyldoo Tien Total Shan generative Management Indicative Timetable to IPO Prospectus Lodged 31st January 2005 Opening Date 8th February 2005 Closing Date 4th March 2005 Dispatch Holding Statements 11 March 2005 ASX Listing 16 March 2005 The company reserves the right to close the offer early Opportunity Kentor has: Gold projects – demonstrated excellent discovery potential for world-class deposits Ertash – strategic land package on Kumtor Trend People – enthusiastic & successful technical team Management skills to: undertake cost effective/efficient exploration remain focused Extensive & usable proprietary database Excellent partner and preferred contractor KGE Central Asian Comparables 52 Week Company Ticker Issued Shares Issued Options mm mm Market Cap Currency Share Price Low High Undiluted (A$m) 0.15 0.20 9 Perseus Mining Limited PRU.AX 59.5 20.0 AUD 0.15 Kentor Gold KGL.AX 34.2 10.2 AUD 0.50 Palladex Plc PLX.L 61.7 7.5 GBP 0.15 0.14 0.31 21 Eurasian Minerals EMX.Y 19.1 6.0 CAN 1.78 0.62 1.78 35 Central Asia Gold Limited CGX.AX 97.8 22.3 AUD 0.74 0.45 0.84 72 Oxus Gold Plc OXS.L 262.2 10.1 GBP 0.54 0.43 0.70 338 Centerra Gold Inc CG.TO 72.1 0.1 CAN 20.15 14.25 25.30 1492 17 KENTOR GOLD LTD
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