Kalesay

Translated from Russian not NI 43-101 compliant

“A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, Stans Energy Corp. is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.” Dr Gennady Savchenko QP for Stans Energy Corp., and managing Director for Stans Energy KG.

Within Aktyuz ore field near the Kutessay II rare earth deposit there is the Kalesay Beryllium Deposit (Fig.3), and with the development the existing infrastructure the mine could be developed after modernization of the concentrating mill,tailings line and tailing dumps.

The Kyrgyz State Reserve Committee approved reserves of С1+С2 category: ore – 9,245,00.t.,containing 11,701 t of beryllium oxide at an average grade of 0.128%. Increase of the reserves is possible through exploration of deposit pit flanks and to the depth. More than 70% of total reserves of the deposit can be mined by open pit.
(See footnotes 1 and 2)

Fig.3. Schematic map and sectional views of Kalesay

Footnote 1: “A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, Stans Energy Corp. is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.” Dr Gennady Savchenko QP for Stans Energy Corp., and managing Director for Stans Energy KG.

Footnote 2: The grouping of Soviet categories C1 + C2 is not NI 43-101 compliant and should not be relied on.

Mining License

View a copy of the Kalesay Mining License