Company Information for Kryso Resources Plc

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Company Statement

Kryso is an emerging mineral exploration company that is principally focussed on exploring the gold and other precious and base metal deposits previously discovered in Central Asia during the Soviet Union era and then, where appropriate, bringing them into production.

Kryso, which has its head office in London, is a public company that was admitted to the AIM in December 2004 in order to continue funding the development of the Pakrut Gold Deposit, further explore the Pakrut Licence Area and to obtain and acquire other gold and base metal deposits in Tajikistan and elsewhere in Central Asia. The Group's executive directors and senior management are based in Dushanbe.

The Company's executive directors have a proven track record of operating in Tajikistan and they believe that Kryso Resources is the first foreign company to obtain a 100% interest in a mining and exploration project in the country.

In April 2004, LLC Pakrut, a wholly owned subsidiary of the Company, was granted a licence and geological lease to explore and exploit the Pakrut Licence Area which comprises the Pakrut gold deposit and the surrounding 6,300 hectare exploration area located in the metalliferous southern Tien-Shan Fold Belt. This belt is reputed to have the second largest known gold resource after the Witwatersrand in South Africa.

The Company intends to conduct a feasibility study to assess whether the Pakrut gold deposit can be developed into a producing mine and also intends to explore the already identified mineral deposits and areas of mineralization in the Pakrut Licence Area.

In June 2006 the Company was awarded an Exploration Licence for the Hukas Nickel-Copper deposit. During 2007 the Company will carry out an EM geophysical survey which will be followed up by diamond drilling of any potential targets.

Current Operations

Pakrut Gold Project
Kryso has the exclusive licence to carry out exploration and mining for gold and other associated metals through its 100% owned subsidiary "Limited Liability Company Pakrut" (LLC Pakrut) which holds the mining and exploration licence to the Pakrut Licence Area located in central Tajikistan. The existence of mineral deposits in this area was identified in the 1940s and was systematically explored until the early 1980s.

The Pakrut Licence Area is located north-east of the capital city Dushanbe from which it can be accessed in three and a half hours by sealed bitumen road for the first 58 km to the town of Ramit on the Sorba River, and then northward along the Sardi-Miena river by dirt road for a further 53 km.


Kryso is currently in the process of collating a vast amount of data on the Pakrut Licence Area into a single database. The area has been extensively mapped and sampled by the Southern Tajik Geological Exploration Expedition and a vast amount of resources has already been calculated during the Soviet era.

It is Kryso's principal interest to expand on the existing resource base and to improve the confidence level of these resources.

Hukas Nickel-Copper Project
The Hukas project is at an earlier stage than Pakrut, and Kryso’s next major step will be to carry out a comprehensive geophysical survey that will help identify targets for drilling later this year.

Hukas essentially comprises a sizable nickel sulphide anomaly first detected by Soviet exploration workers, but subjected to only limited drilling.

Kryso has carried out some initial trenching and has confirmed the presence of nickel, copper, cobalt and PGM mineralisation.

Geographical Spread

The prolific Tien Shan Fold Belt and the Republic of Tajikistan. Kryso Resources’ projects are labelled in blue.

Board of Directors and Key Management

Non-Executive Chairman - Dr. Trevor Davenport

Trevor has over 30 years of experience in the mining industry in 17 countries, which included a significant period as Chief Geologist and Exploration Manager for Nelson Gold (later renamed Nelson Resources) in Tajikistan.

Managing Director - Vassilios Carellas

Vassilios spent nine years in the mining and exploration industry in Central Asia. Vassilios worked for Nelson Resources in numerous positions including that of Chief Geologist and for Gulf International Minerals as Chief Geologist and subsequently General Manager and Director of a subsidiary operating producing mines in Tajikistan.

Finance Director - Craig Brown

Craig is qualified as a Chartered Accountant in New Zealand but has spent ten years in the mining industry in Central Asia. Craig worked for Nelson Resources Limited in various positions ranging from Chief Accountant to Director of Nelson’s producing subsidiary. He also served as Chief Financial Officer of Gulf International Minerals.

Executive Director - Abuali Ismatov

Abuali is a prominent and successful Tajik businessman. His presence on the board is invaluable to Kryso, particularly with regard to the development of its relations with the Tajik government and with the wider business community.

Non-Executive Director - Andrew Malim

Andrew Malim has over 30 years experience in mining exploration and finance, and has served at board level with numerous public and private mining companies. He was a founding member of the highly regarded James Capel & Co. mining team, where his roles included that of precious metals analyst, and he also founded the Lion Mining Group.

Ferdinand Dippenaar (Aged 46), Non Executive Director

A resident of South Africa, Ferdinand Dippenaar has 25 years of mining industry experience, particularly in the gold sector, and has occupied a variety of senior roles. He is currently President, Chief Executive Officer(CEO) and Director of TSX-listed Great Basin Gold ('Great Basin'), Kryso's strategic partner and holder of approximately 15% of the Company.

Company Address Unit 3H, Cooper House, 2 Michael Road London, London, United Kingdom SW6 2AD Telephone: +44 20 7371 0600 Email: info[at]kryso.com Website: http://www.kryso.com

Annual General Meeting TBA

Year End 31 December

Nominated Brokers Fox Davies Capital Whitefriars House 6 Carmelite Street London EC4Y 0BS

Nominated Advisors Ruegg & Co. 39 Cheval Place, London SW7 1EW

Broker/Analyst Reports

20/11/07 - Fox Davies Capital Flash Note
13/11/07 - Fox Davies Capital - Flash Note
19/03/07 - Fox Davies Flash Note – Kryso Resources

Major Shareholders

Directors – 27.07%

Great Basin Gold – 15.03%

RAB Capital – 13.16%

Cawkwell S Esq. - 3.76%

Gartmore Investment Management - 3.26%

SPGP (Societe Privee Gestion De Patrimoine) - 3.16%

Wills & Co. - 3.15%

Related News

30/04/08 - Kryso’s Pakrut Project Now Boasts One Million Ounces, But Delays With Metallurgical Testing Continue To Hold It Back
01/08/07 - Kryso Resources Looks Forward To More Uplifting Intersections At Pakrut
26/03/07 - Kryso Resources Proving Up Million Ounce Soviet Resource At Pakrut Gold Project In Tajikistan

Most Recent Statement

25/04/08 - Convertible Loan Agreement
13/02/08 - Highly Positive Pre-Feasibility Study for the Pakrut Gold Project
31/01/08 - Orbis Equity Partners Appointed Joint Broker
20/11/07 - Resource Statement Increase - Pakrut Gold Project
13/11/07 - Encouraging Results from Pakrut Gold Project Drill Intersections
03/10/07 - GREAT BASIN GOLD TAKES UP PRE-EMPTION RIGHTS IN KRYSO RESOURCES SHARE ISSUE