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Auriant Mining AB (publ.) publishes H1 2020 operational update

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Highlights:

•     H1 2020 total gold productionamounted to 521 kg (16,750 oz), compared to 255 kg (8,189 oz) in H1 2019, an increase of 105%, or 266 kg (8,561 oz). Hard rock gold production at Tardan increased from 227 kg (7,308 oz) in H1 2019 to 521 kg (16,750 oz) in H1 2020, or by 129%;

•     H1 2020 gold sales amounted to 537 kg (17,249 oz), compared to 238 kg (7,640 oz) in H1 2019, an increase of 299 kg (9,609 oz), or 125%;

•     Volume of ore processed through the newly built CIL plant amounted to 196 thousand tonnes with an average grade of 2.87 g/t (total gold in processed ore – 561 kg);

•     The CIL plant was operating at projected throughput per working hour (>50 t/hour) and higher recovery rate (92.9%);

•     Heap leach operations were discontinued at the end of December, 2019;

•     Ore mined amounted to 151 thousand tonnes (20% less than in the same period of the previous year). Stripping volume in H1 2020 was 429 thousand m3 (17% less than in H1 2019);

•     The average grade in ore mined in H1 2020 was 2.46 g/t, as compared to 2.59 g/t in H1 2019, a decrease of 5%;

•     Gold production at Solcocon is expected to start in July with a planned production volume of 30-40 kg in 2020.

Production

Production unitH1 2020H1 2019Change
kgozkgozkgoz%
Hard rock
Tardan (heap leach)227  7,308  (227)  (7,308)  n/a
Tardan (CIL)521  16,750  521  16,750  n/a
Alluvial
Solcocon27  881  (27)  (881)  -100%
Total gold produced521  16,750  255  8,189  266  8,561  105%

Tardan

unit.H1 2020H1 2019Change
Mining
Waste stripping000 m3429  515  (86)  -17%
Ore mined000 tonnes151  189  (38)  -20%
Gold in Orekg372  489  (117)  -24%
Average gradeg/t2.46  2.59  (0.13)  -5%
Heap leach
Ore stacking000 tonnes173  (173)  n/a
Gradeg/t0.00  2.23  (2.23)  n/a
Gold in ore stackedkg385  (385)  n/a
Gold produced HLkg227  (227)  n/a
CIL
Ore processing000 tonnes196  196  n/a
Gradeg/t2.87  0.00  2.87  n/a
Gold in ore processingkg561  561  n/a
Gold produced CILkg521  521  n/a
Gold produced totalkg521  227  294  129%
Warehouse on March 31
Ore000 tonnes64  21  42  200%
Gradeg/t1.95  5.13  (3.18)  -62%

For more information please contact:

Sergey Ustimenko, CEO Tel: +7 495 109 02 82
E-mail: sergey.ustimenko@auriant.com

Company name: Auriant Mining AB Short name: AUR
ISIN-code: SE0001337213

Website: www.auriant.com
www.facebook.com/AuriantMining/

Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold exploration and production in Russia, primarily in Zabaikalye and the Republics of Khakassia and Tyva. The company has currently four assets, including two operating mines (Tardan and Solcocon), one early stage exploration asset and one development asset.

Since July 19, 2010, Auriant Mining´s shares are traded on Nasdaq First North Premier Growth Market under the short name AUR. For more information please visit www.auriant.com. Mangold Fondkommission is Certified Adviser to Auriant, for more information please call +46 8 503 015 50, e-mail CA@mangold.se or visit www.mangold.se.

This information is information that Auriant Mining AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 8.20 CET on July 8th, 2020.

Cautionary Statement: Statements and assumptions made in this report with respect to Auriant Mining AB’s (“AUR”) current plans, estimates, strategies and beliefs, and other statements that are not historical facts, are forward-looking statements about the future performance of AUR. Forward-looking statements include, but are not limited to, those using words such as "may", "might", "seeks", "expects", "anticipates", "estimates", "believes", "projects", "plans", strategy", "forecast" and similar expressions. These statements reflect management's expectations and assumptions in light of currently available information. They are subject to a number of risks and uncertainties, including, but not limited to, (i) changes in the economic, regulatory and political environments in the countries where AUR operates; (ii) changes relating to the geological information available in respect of the various projects undertaken; (iii) AUR’s continued ability to secure enough financing to carry on its operations as a going concern; (iv) the success of its potential joint ventures and alliances, if any; (v) exchange rates, particularly between the Russian rouble and the U.S. dollar. In the light of the many risks and uncertainties surrounding any gold production and exploration company at an early stage of its development, the actual results could differ materially from those presented and forecast in this report. AUR assumes no unconditional obligation to immediately update any such statements and/or forecasts. This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action as a whole or in part is subject to legal restrictions. Nothing in this press release should be considered as an offer to invest or otherwise trade in shares of Auriant Mining AB (publ). The proposed issue will not be directed at residents or those living in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action would require further prospectus, other offering documentation, registration or other measures beyond those required by Swedish law. No securities will be registered under the United States Securities Act of 1933, a similar law in any state in the United States, or under any provincial law in Canada, nor under the applicable law of another country.

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