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Shareholders
Top 20: 88%
Substantial shareholders Resource Global Finance Ltd 16% Zurily Resources 16% JP Morgan Nominees 13%
Guy Anderson, Non-executive Director: Chemical Engineer, Chartered Accountant and Stockbroker with >30 years of experience in the resources industry. Previously with PWC, James Capel, CIBC WM and Ivanplats has worked primarily in Europe and Africa.
John Arbuckle, Non-executive Director: Accountant and corporate advisor with >20 years of experience in the minerals resources industry. Previously with Mount Gibson, Perilya, Rio Tinto, North Limited and Anaconda nickel his experience is predominantly in Australasia
Original local shareholders will retain 15% shares represented, as Commissioner of PT CKP, by prominent captain of Indonesian Mining Industry Dr Ir Rozik Soetjipto
President and COO of PT Freeport, Indonesia Previously State Minister of Public Works and Director General of Mines
Recent Highlights
Resource extended to 634koz Au (358koz) over 900m of strike
Inferred 3Mt at 6.8 gpt Au for 634koz Au at 1.5gpt cut-off By-products of 1Moz Ag, 59kt Zinc, 13kt Lead and 8kt Copper
Metallurgical Gold recovery presently 86% Base Case EBITDA of ~USD 1k/ounce AMDAL/EIA study being initiated Exploration confirmed strike 2.5km and located several veins parallel to main vein with exciting geochemistry values
Historically Dutch and Japanese miners recovered ~20koz of gold at >15gpt Au Alteration mineralogy in drill holes and Aeromag indicates the potential for a porphyry system source for precious and base metals
1 The portion of the Mineral Resource and Reserves estimated by Century is appended as Appendix I 2 The PCP Mineral Resource is appended as Appendix II
Tonnes
2,992,710
Au gpt
6.8
Au oz
633,900
Ag oz
1,045,220
Zn t
59,488
Pb t
13,020
Cu t
8,230
Conservative mining cuts have been used with 0.5m dilution either side for competent rock and 1m either side for less-competent rock as well as a minimum mining width of 2m: further engineering studies will determine the optimal mining parameters
Now focussing on optimising these recoveries, including alternative unit operations, however expect Indonesian-standard CIL/flotation circuit for this type of ore
Enter into refining agreement with Indonesian entities to treat products from late 2014
drives and shafts Start open pit mining if feasible Start cut and fill underground panel development with hand-held drills,
focusing on the high grade material initially Start stoping when development
First metal pour Q4 2014 (~18 months plant construction) Expand mining during 2015
increase production to 40-50koz per annum during 2015-16
Post 2016
expand into optimal size as identified by Exploration
Paramount
1 2 3
Key: 1 - AGM approve purchase of WL 2 - KRM buys WL 3 - Mine development starts/Plant ordered 4 Forestry Permit Received 5 - 15k tons of ROM (8 months of mining) 6 - Plant commissioning starts 7 - first gold poured (17mths from plant ordered) 8 - Producing at 20koz Au per annum rate (20 months of mining) 9 Producing at 40koz Au per annum rate (24 months of mining - plateaud)
*of which AU$1.5 million raised on 19 October 2012 through an issue at 7 cents per share
Contacts
Mo Munshi +86 139 1017 5192 (M) mamfus@gmail.com Terry Holohan +65 9230 7751 (M) terry.holohan@paramountmining.com Operations Office 6 Temasek Boulevard 25-03 Suntec Tower 4 Singapore, 038986 +65 6884 9423 (O) Website www.paramountmining.com Garry Taylor +65 9665 5840 (M) garry.taylor@paramountmining.com Corporate Office 100 Parry St Perth, WA Australia, 6000 +61 8 9328 5600 (O) Information info@paramountmining.com
Appendix
Donny Padmanagara Commissioner Jasir Karwita Commissioner Police General (Ret) Ir Koswara Sasmitapura Commissioner Head of Resources, PT Antam (Ret) Ir Prianda Raspati Director
GUNUNG ROSA
Pebble dyke cutting porphyritic intrusive. The pebble dyke and hydrothermal breccias precede the mineralisation event
Narrow mineralised quartz-sphalerite-pyrite veins cutting altered hydrothermally altered breccia in massive porphyritic diorite
py-cpy gn
sphal
Vein 3: Leugok Haji 600m east several collapsed adits along the vein
Target 2 area incorporating main vein clusters east of Gunung Rosa Vein to be soil sampled at 100m x 50m spaced intervals
Key: 1 PT Antam drill 4 holes 2 PT Antam form JV with PT CKP 3 Century Metals contracted as Technical Partner and spend USD10m; drill 60 holes, develop 2 x vertical shafts, 1 x decline and 2.5km of drives, positive engineering study, receive Mining License 4 PT Antam publish internal positive DFS work stops due to lack of finance 5 Delta Gold and Chase Manhattan contracted as Technical Partner Snowden Group carries out positive Technical Review 6 BreX scandal and Asian Financial Crisis 7 PT Antam cede their Shares to PT CKP 8 Paramount open discussions with PT CKP