Milestone

 

• Incorporation and establishment of CNMC in Hong Kong

 

• CMNM (principal operating subsidiary of the Company) embarked on phase 1 exploration programme
• CMNM commissioned geophysical survey work using induced polarisation survey method
• CMNM commissioned drill contractor to commence a core drilling programme to test drill anomaly targets

 

• CMNM completed and received the report on phase 1 exploration programme with positive result for the Sokor Block
• CMNM conducted gold-bearing ore dressing and metallurgy studies
• CMNM commenced the phase II exploration programmed and commissioned drill contractor to conduct a further 10,000m drilling programme

 

• CMNM finalised the mining scheme for assessing the technical feasibility of conducting mining operations for primary gold in the Sokor Block
• CMNM entered into the Refining Agreement with AGR Matthey, an Australian-based partnership and a leading international gold refiner accredited by the London Bullion Market Association, the New York Commodity Exchange, the Tokyo Commodity Exchange, and the Dubai Multi Commodities Centre
• The Department of Environmental of Kelantan (“DOE”) approved the environmental impact assessment (“EIA”) report which was submitted by an independent EIA study consultant on behalf of CMNM, who provided an independent assessment of the conditions of the environmental features and their consequent impact in connection with the development and operation of CMNM
• CMNM commissioned the phase I mine design and construction programme to construct a gold-bearing ore crushing and conveying system, a vat leaching facility and a gold extraction and carbon re-generation system at the Sokor Block

 

• CMNM environmental management plan, which described the processes and policies that CMNM would follow in order to comply with environmental regulations, ensuring its compliance and minimise any harm to the environment, was approved
• CMNM obtained the approval for its operational mining scheme from the Department of Minerals and Geosciences, Kelantan
• CMNM achieved its first gold pour in July 2010

 

• The Group undertook the phase III exploration programme designed to infill and extend resource drilling on New Discovery, Ketubong and Rixen’s together with drill testing of other targets within the mining concession area
• The Company became the first gold mining company listed on Catalist of the SGX-ST under the new mineral, oil and gas companies admission rules
• CNMC doubled gold resource base at the Sokor Gold Project

 

• The Group further added 130,300 oz gold resources at Sokor Gold Project
• Awarded technical services contract to drill contractor provide diamond core drilling services with a total estimated footage of 50,789 metres for the third phase of its drilling programme
• Heap Leach Recovery Operational Mining Scheme approved

 

• The Group’s heap leach operation entered production and achieved first gold pour
• Technical services and co-operation agreement with a subsidiary of China National Gold Group Corporation
• Commencement of production at second leach yard
• Record monthly production of 3,419.51 ounces of gold doré bars in September 2013
• Record of 1,526.09 ounces of gold doré bars from a single gold pour in October 2013
• Commissioned second gold de-absorption plant
• The Company declared its first interim dividend
• Fine gold production tripled to 12,649.06 oz in the financial year 2013 compared to the preceding year

 

• Record of 2,314.42 ounces of gold doré bars from a single gold pour in February 2014
• Increased gold mineral resources (inclusive of ore reserves) by 13%. As at 31 December 2013, the updated total Measured, Indicated and Inferred gold resources for the Sokor Project stood at 9,140,000 tonnes at 1.6 g/tonne gold making a total of 465,000 ounces of contained gold
• Strong cash flow and profitability enabled the Company to execute an early redemption of its convertible loan
• Awarded Pioneer Certificate from Malaysian Investment Development Authority, thereby allowing the Sokor Gold Project to enjoy 100% income tax exemption on statutory income for a period of five (5) years from 1 July 2013 to 30 June 2018
• Record monthly production of gold pour of 4,356.47 ounces of gold doré bars in June 2014
• Third leach yard at the Sokor Gold Field Project commenced operation
• Gold production exceeded one metric tonne of gold bullion since production commenced in July 2010
• Completed and installed crushing system on site to further improve recovery and production efficiency
• Monthly production of gold doré bars hits another record level in September 2014 with 5,201.08 ounces of gold doré bars produced
• Produced another record single gold pour of 2,945.01 Ounces of Gold Doré Bars

 

• CMNC produced a total of 4,681.15 ounces of Gold Doré bars in December 2014, despite the North-East monsoon season
• Newly discovered Mineral Resources and Ore Reserves for the Sokor Gold Project amounting to 10.81 million tonne at 1.5g/t gold with contained gold of 506,000 ounces
• Successfully conducted fine ore agglomeration test-work and submitted applications to relevant governmental departments to restart vat leach operations
• Newly incorporated CNMC Exploration to be mainly involved in providing mineral exploration and drilling services
• Set new record for a single gold pour, which yielded 3,771.19 ounces of gold doré bars. This represents the highest output for a single gold pour since CNMC started production five years ago (previous record was 2,945.01 ounces)

 

• CNMC produced record 31,205.85 ounces of fine gold in FY2015
• Gold resources amounted to 13.83 million tonnes at 1.4g/t gold as at 31 December 2015. This translates into 618,000 ounces of contained gold, up 22% compared to 31 December 2014
• Newly upgraded vat leach facility achieves first gold pour, producing 1,363.29 ounces of gold doré bars
• MOU with University of Malaya for research collaboration
• Letter of intent to acquire 51% stake in Pulai Mining Sdn Bhd, which is authorised to mine for gold, iron ore and feldspar in Kelantan
• Produced 9,807.37 ounces of fine gold in 2Q2016, the most in any quarter since gold production started in 2010
• CNMC gets regulatory nod for extension of mining lease for Sokor Gold Field until 2034
• Execution of Share Subscription Agreement for proposed subscription of shares in Pulai Mining Sdn Bhd
• Produced more than 100,000 ounces of fine gold since production commenced in 2010, surpassing initial gold ore reserves estimate of 70,300 ounces
• CNMC appointed Academician Zhao Pengda, Professor Xiao Rong Ge, Dato Nik Kamaruddin Ismail and Dato’ Sri Nik Othman Nik Hussein as advisors for a period of 12 months to provide strategic guidance and counsel to the Executive Directors on matters relating to mining and social affairs

 

• Completed due diligence for subscription of 51% of the shares in the enlarged share capital of Pulai Mining Sdn. Bhd.
• Entered into an assignment agreement with Kelantan State Economic Development Corporation ("KSEDC") where KSEDC has agreed to assign a mining lease for a period of 21 years till December 2034 for an area covering 956.5 hectares in the Sokor district.
• Completion of the subscription of new shares representing 51% of the shares in the enlarged share capital of Pulai Mining Sdn. Bhd.
• Entered into share sale agreement for the proposed acquisition of the entire issued share capital of Kelgold Mining Sdn. Bhd.
• Gold resources amounted to 13.25 million tonnes at 1.5g/t gold as at 31 December 2016. This translates into 623,000 ounces of contained gold, up 0.8% compared to 31 December 2015
• Completion of the acquisition of entire issued share capital of Kelgold Mining Sdn. Bhd.
• CNMC recognised for excellence in shareholder engagement at 2017 SIAS Investors' Choice Awards
• Completion of construction and commissioning of carbon-in-leach plant

 

• Proposed dual primary listing on main board of Hong Kong Stock Exchange
• Gold resources amounted to 13.86 million tonnes at 1.6g/t gold as at 31 December 2017. This translates into 724,000 ounces of contained gold, up 16% from 31 December 2016
• Carbon-in-leach plant achieves first gold pour from trial operation in March: 863 oz of gold dore bars
• Joint venture agreement between KelGold and Yayasan Kelantan Darulnaim (Yakin) for exploration on 1,550ha site in Kelantan
• Official opening of carbon-in-leach plant

 

• Gold resources amounted to 17.91 million tonnes at 1.6g/t gold as at 31 December 2018. This translates into 914,000 ounces of contained gold, up 26% compared to 31 December 2017.
• Acquisition of 51% of issued share capital of CNMC Mining Sdn. Bhd.
• Taken delivery of all machineries and equipment needed for setting up flotation plant at Sokor. Installation work to commence shortly