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UrantzvetmetMining ManagementCompanywww.utzm.com

/ About company 1 Urantzvetmet boasts 10 plus years in the prospecting, geology and drilling global market. Key projects: exploration for solid minerals: gold silver platinum copper iron rare-earth metals The Company project portfolio includes radioactive ore survey. Urantzvetmet — Mining Management Company www.utzm.com

/ About company 2Urantzvetmet is a fast-growing company that concentrateson a strategic partnership and e cient cooperation withmajor Russian and overseas subsoil users.The Company focuses on continuous maintenance and improvement of high-qualityindicators. Among the Company’s priorities is raising the e ciency of all the busi-ness-processes as to meet requirements of the clients; gaining a firmer foothold in theglobal market; readiness to provide high-quality service at all stages of work.What is important for us is the on-going improvement in the working conditions for ourpersonnel and minimization of our impact on the natural environment.Urantzvetmet — Mining Management Company www.utzm.com

/ History 3Company: stages The company came into being in 2003 with the purchase of the firstof growth foreign-made drilling rig to promote a breakthrough in the Russian geological exploration, adopt new business approaches, improve the2003 2004 quality and raise the productivity. Since then we have implemented multiple projects and strengthened partnership with leading global subsoil users and mineral resource producers. 2009 2010 2011the company founded the company’s branch signed a cooperation participation in Burki- first projects inin Moscow, Russia opened in Buryatia, agreement with Geo- na Faso and Cote RC drilling Russia techReserves (GTR) d'Ivoire projects2012 2013 2014 2015 Наше времяparticipation in Niger, Chad and Liberia projects. started operations Burkina Faso project, a branch inBroken a diamond drilling record, 4,035 linear in Brazil 14,500 linear meters a Kazakhstanmeters covered within a single month using HQ month with a single openedLM75 rig on the Bodaibo drilling site. drilling teamUrantzvetmet — Mining Management Company www.utzm.com

/ Team 48 40% 25% 28 летMBA University graduates Employees promoted Years – the age of thetop managers within two years youngest project manager 7 лет>50 20 Average length of serviceYears of exploration of a rig manager Initiatives from theexperience to the credit of employees implementedthe single most senior last yearemployeeUrantzvetmet — Mining Management Company www.utzm.com

/ Team 5Urantzvetmet — Mining Management Company Team. More than 300 full-time specialists The Urantzvetmet specialists are the key merit and asset of the company. The Company’s employees invariably show their ability to reach record-breaking drilling indicators even in the most complicated conditions. Our professional team secures harmonious and strictly structured work on the projects. www.utzm.com

/ Аdvantages 6 Strict safety requirements Industrial safety is an obligation and a responsibility of all those involved. Safety requirements compliance is promoted through the personnel’s respective training and certification. Each employee is obliged to follow the rules to provide individual and team safety.Urantzvetmet — Mining Management Company www.utzm.com

/ Аdvantages 7 Equipment mobilization and the project launching and implementation e ciency Within the space of seven to 90 days we’re prepared to launch practically any project anywhere in the world, namely: Deliver rigs, geophysical tools and auxiliary motor vehicles and hardware Arrange procurement Put in place any required infrastructure Form and provide high-skilled industrial personnel The above is a sum total of our engineering experience, fine planning, team spirit and resources management automation as to optimize the general cost of services and improve industrial indicators.Urantzvetmet — Mining Management Company www.utzm.com

/ Аdvantages 8 Only modern technology and the best specialists Using only modern technology reflects our focus on e ciency and environmental friendliness. Matured partnership with world leading drilling technology producers – obtaining advanced techniques and technologies enabling to participate in the most demanding and daring projects. Attention to technology and personnel brings in record-breaking drilling indicators Quality, timely and professional servicing make the equipment function trouble-free during the project period in the most adverse environmentUrantzvetmet — Mining Management Company www.utzm.com

/ Аdvantages 9 Operations in any climatic and Liberia geographical conditions rainfall season Russia Burkina Faso minus 520 °С, storm wind, plus 450 °С, snow storms 1, sand storms 800 km to the North Pole Provision of a safe and comfortable environment for the employees, securing of the e cient and on-going process, project e cient planning and implementation.Urantzvetmet — Mining Management Company www.utzm.com

/ Аdvantages 10Operations in complicated Reliable geologicalsubsurface informationWe pride ourselves on having a vast experi- Our own geological service and long-term partnership with globalence of participating in complicated laboratories make it possible to participate in demanding projectsprojects requiring unconventional and deliver reliable geological information to the clients.approaches to supplying drilling sites, Accumulated experience in working in most varied mining andresearching, using innovative tools, and geological conditions, including the drilling in various rocks ofapplying new technologies. directional, ascending and other wells of di erent purposes and designs secure our customers a reliable geological information.Full set of services forturn-key projects Extensive reporting and analysesWe o er a full set of services in theimplementation of geological exploration Business-process automation enables us to getprojects of di erent maturity. geological data from the most distant locations in a real time manner.Urantzvetmet — Mining Management Company www.utzm.com

/ Geography 11 12 countries — from Europe to South America Vast experience in the world market enables to apply international standards and engineering achievements to projects in Russia. 120 >10 12 projects implemented in years of presence in the countries we Eurasia, Africa and Latin geological exploration worked in America market 3 200 000 million linear meters drilled to dateUrantzvetmet — Mining Management Company www.utzm.com

/ Geography 12Central Siberia Far UralsRussia East 1+ mln linear m 150+ k linear m500+ k linear m Gold 700+ k linear m Nickel Iron Diamond Gold Platinum Copper Rare-earth metals Platinum Tungsten Potassium salts Uranium Molybdenum Operations: RC drilling; DD drilling Southern Central All South Western Africa Asia America Africa 150+ k linear m 200+ k linear m 150+ k linear m 350+ k linear m Uranium Gold Iron Iron Gold Gold Operations: RC drilling Potassium salts www.utzm.com Manganese Operations: DD, RС drilling Rare-earth metalsOperations: RС drillingUrantzvetmet — Mining Management Company

13 Services Drilling Geology Geophysical Infrastructure survey constructionUrantzvetmet — Mining Management Company www.utzm.com

/ Services/ Drilling 14 Diamond core drilling Drill string diameter – from 76 mm Depth – up to 2,800 meters Core recovery – up to 95-100% Core orientation using Devico and Reflex Oriented core recovery Drilling speed - up to 3,500 m per month using a single rigUrantzvetmet — Mining Management Company www.utzm.com

/ Services/ Drilling 15 RC drilling Reverse circulation drilling with the recovery of cuttings: Drilling using bits with diameters from 100 mm Depth – up to 400 meters Recovery of crushed cuttings High drilling rate – up to 15,000 linear meters per month Drilling speed – up to 15,000 linear meters per month using a single rigUrantzvetmet — Mining Management Company www.utzm.com

/ Services/ Drilling 16 Directional drilling Drilling with screw downhole motors (SDM) for any diameters - uninterrupted action with a continuous control of slope and horizontal angles w/o core recovery for a drilling interval with diverters Drilling using pressure-bearing diverters Wellbore engineeringUrantzvetmet — Mining Management Company www.utzm.com

/ Services/ Drilling 17 Multi-hole drilling Cutting time and costs involved in upper layer drilling Cutting the number of shipping operations, preparation of sites and sumps Hole deviation in a pre-set direction: max possible deviation – seven and a half degrees for each 30 meters of penetration Cutting risks as compared to using slips and Tarbagan tools, and providing for a possibility to stop the process at any moment in time and direct the hole to a di erent side.Urantzvetmet — Mining Management Company www.utzm.com

/ Services/ Drilling 18 Other types of drilling Underground hole drilling Drilling for the construction of hydro-geological wells Drilling for the construction of process wells Drilling of wells for uranium in situ leachingUrantzvetmet — Mining Management Company www.utzm.com

/ Services/ Geology 19 Geological support of drilling operations Drawing up design and estimate documentation for geological exploration Work to geological and geo-mechanical documentation and sampling when drilling with sample handling, including technological samling Hydro-geological and engineering-geological survey of the targets Drawing up base data for the preparation of a feasibility study and report Reserves assessmentUrantzvetmet — Mining Management Company www.utzm.com

/ Services/ Geology 20 Engineering survey Engineering survey – e orts to find the most favorable and sound project solutions for the construction of facilities in the field-development process. Collection and processing of history survey data Route observations (reconnaissance inspection) Excavation Geophysical survey Hydro-geological survey Rock field analysis Fixed surveillance of engineering-geological processes Rock and ground water laboratory analysis Analysis of rocks of the foundations of existing building and installations Forecasting changes in engineering-geological conditions Assessment of hazards and risks as a result of geological and engineering-geological processes Drawing up an engineering reportUrantzvetmet — Mining Management Company www.utzm.com

/ Services/ Geophysical survey 21 www.utzm.com Geophysical survey Directional survey Gamma-ray logging Electric logging (RL, SP, induction) Temperature logging Resistivity logging Flow-meter survey Caliper logging * some other types of survey as requiredUrantzvetmet — Mining Management Company

/ Services/ Geophysical survey 22 Sample preparation Key operations: Initial drying Crushing Sample reduction (quartering) Recovery of analytic portions and backups PulverizingUrantzvetmet — Mining Management Company www.utzm.com

/ Services / Infrastructure Construction 23 Infrastructure construction Putting in place facilities for the personnel: Camp construction in accordance with all respective standards Construction of drilling site, access roads and winter roads Arrangement of catering and accommodation facilities for the personnel; arrangement of equipment storage and maintenance Provision of the employees with continuous satellite communications and computersUrantzvetmet — Mining Management Company www.utzm.com

Equipment 24 www.utzm.com Urantzvetmet — Mining Management Company

/ Equipment/ Rigs 25 Rigs The company has 35 plus caterpillar and wheeled rigs, including those manufactured by such leading manufactures as BoartLongyear, AtlasCopco, Schramm, ForemostBoartLongyear LF-230 BoartLongyear LF-230 BoartLongyear LM-75BoartLongyear LX-16 URB-22 Schramm 450GT AtlasCopco CS-14Urantzvetmet — Mining Management Company www.utzm.com

/ Equipment/ Auxiliary equipment 26Auxiliary Mechanical serviceequipment Each unit of equipment is subject to aShantui SD32, SD22, Т20 — IVECO – drag “Ural” – vehicles for timely maintenance and repair by the bulldozers carrying industrial water company’s own mechanical department as to secure a 24/7 equipment operation. The company’s equipment is fitted out with GPS instruments enabling to monitor its movement in real time, and also its operating loads and fuel consumption. A new industrial base was opened in the city of Tula in 2016.Toyota Hilux Kamaz – ManipulatorUrantzvetmet — Mining Management Company www.utzm.com

/ Licenses and certificates 27Licenses and certificates Certificate issued by the FEINSS License ISO 9001:2008 Certificate Construction Engineering Survey www.utzm.com AssociationUrantzvetmet — Mining Management Company

/ Exhibitions 28Urantzvetmet — Mining Management Company Participation at the industry exhibitions and conferences MINEX'е 2016 Sponsors at the 12th mining forum Russian Mining Industry – New Sources of Growth. ExpoSibram 2015 Participants at the International Exhibition-Congress of the Mining Industry in Belo Horizonte. EXPOSIBRAM is one of the most prominent events in the mining industry in South America. Simexmin 2016 Participants at the Geological Exploration Service Market Workshop, Federative Republic of Brazil. That was the 7th Simexmin exhibition which was recognized as the main event in the industry. www.utzm.com

/ Partners 29Investment in technologies and safety The presence in the global market provides access to the state-of-the-art technologies, workflow organization and is conducive to attaining a high level of production and safety culture.Strategic partnersOur partners are world leading subsoil users and producers.Urantzvetmet — Mining Management Company www.utzm.com

/ Cases 30Site №1Task:1. Exploration: Field exploration to reliably assess C1 and C2 reserves for open-cast and underground production.2. Geological tasks: In the January 2016 to September 2017 period drill directional and vertical HQ wells in field sites.Scope of work:5,200 linear meters, including 2,000 l m with a PQ diameter (122mm) and 3,200 l m with a HQ diameter (96mm);22,330 linear meters of drilling HQ directional and vertical wells.Results:The entire scope of work has been completed well ahead of schedule thus enabling to carry out extra geologicalexploration within the site. Employed two BoartLongyear LF-90 rigs. In March – September 2016 we drilled 24,000 linearmeters of wells 40 to 360 m deep, documented the core and currently we are completing sampling and samplepreparation with the samples handed over to the laboratory. Hydro-geological and engineering-geological studies are inprogress; a stationary core storage for 50 000 linear metres of core has been built.Urantzvetmet — Mining Management Company www.utzm.com

/ Cases 31Site №2Task:Within the space of one year to drill up to 20,000 linear meters. Situation description: to achieve such high resultsand optimize technical costs we have developed a unique borehole drilling method which also enabled us toreduce project implementation time.Results:Before Urantzetmet: drilling was performed using six rigs at a speed of 20,000 linear meters per year.As a result of Urantsvetmet’s involvement: in the period of March – August 2016, more than 20,000 linearmeters were drilled using only two rigs.Urantzvetmet — Mining Management Company www.utzm.com

/ Testimonial letters 32 www.utzm.comTestimonial lettersUrantzvetmet — Mining Management Company

33 A few words from the company CEO: Alexei Kharlov, Urantzvetmet had this to say to the Forbes magazine: — We focus on the improvement of working conditions for our special- ists, on providing them with their growth opportunities and those for acquiring new knowledge and skills in handling modern technologies. In turn, personal advancements of our specialists are conducive to strict compliance with safety standards and requirements in e ect at the drill- ing sites. We also concentrate on environmental issues minimizing the impact of our processes. We believe that the above business aspects are our gateway to winning the highest level of trust from other market players. That is why we accentuate these aspects.Urantzvetmet — Mining Management Company www.utzm.com

Contacts Address Phone Riga Land Business-Center, 9 km Novorizhskoye Shosse High-Road, Krasnogorsk District, Moscow Region, 143421+ 7 (495) 120-09-20+ 7 (495) 374-87-24 Email Fax o ce@utzm.com pr@utzm.com+ 7 (499) 322-28-31 Send your Resume to hr@utzm.com www.utzm.com