Central Asia Metals Plc

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Mining company

Central Asia Metals (CAML) produces the base metals essential for modern living in a safe and sustainable environment for all its stakeholders. The Company is a copper producer with operations at Kounrad, Kazakhstan, and is a zinc and lead producer at the Sasa mine in North Macedonia. CAML listed on London's AIM market in 2010 and began producing copper in 2012. Kounrad has since produced over 120,000 tonnes of cathode at cash costs that are amongst the lowest globally and production plans are in place to 2034. The Company acquired the Sasa mine in November 2017, which has a life to at least 2037 and cash costs in the second quartile of the zinc industry. In the first full year of owning Sasa, CAML demonstrated that the acquisition was accretive on both an EBITDA per share and EPS basis. Sasa’s Cut and Fill project is currently being implemented and the initial paste backfill plant construction is on track to be delivered in H1 2023. This change of mining method will ensure maximum extraction of Sasa’s mineral resources and incorporates a more environmentally friendly solution to tailings storage and a safer operation. Sustainability is very important to the Company and is integral to its operations in both Kazakhstan and North Macedonia. CAML publishes an annual Sustainability Report in line with the Global Reporting Initiative standards, and as of 2021 has begun reporting towards TCFD in its climate change disclosures. CAML has committed to a 50% reduction in its scope 1 and scope 2 greenhouse gas emissions by 2030 versus a 2020 base, and to achieving net zero by 2050. To assist in working towards this goal, a 4.77MW solar power plant will be built at Kounrad by the company’s engineering team. This will be completed in H2 2023 and is expected to provide 16-18% of Kounrad’s electrical power needs.