CENTRAL ASIA METALS PLC - Investor Presentation

Central Asia Metals (CAML) has announced a transformational A$232 million acquisition of Cygnus Metals, securing ownership of the high-grade Chibougamau copper-gold project in Québec, Canada. The transaction will create a diversified base metals group with operations across Kazakhstan, North Macedonia, and Canada, while providing significant long-term growth opportunities. Chibougamau hosts five copper-gold deposits, an existing processing plant and infrastructure, and a mineral resource of approximately 15 million tonnes across measured, indicated, and inferred categories. Management highlighted the project's strong exploration upside, brownfield development potential, and strategic location within a world-class mining jurisdiction. CAML expects the acquisition to strengthen its development pipeline, complement existing cash-generating assets at Sasa and Kounrad, and support future production growth. The company plans to leverage its operational expertise, project development capabilities, and strong balance sheet, with the combined group expected to hold more than US$100 million in cash. Ongoing work includes an updated Preliminary Economic Assessment (PEA), exploration drilling, environmental studies, and stakeholder engagement ahead of a targeted transaction completion in September 2026. Management believes the acquisition materially enhances CAML's resource base, production outlook, and long-term cash flow potential while providing shareholders with exposure to a high-grade copper-gold district with substantial expansion opportunities.