Field operations completed at the Maly Patom project

Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") has successfully completed all the planned scope of 2019 field operations for the Maly Patom ("Northern Territories" or "NT") exploration project.

The exploration program included drilling and trench sampling on three previously identified gold anomalies: the Zhelanny target within the Gorbylyakh license and the Secushaya and Mezhdurechnaya targets within the Alemakitskiy area of the MaloPatomskiy license (see Figure 1 in the Attachments). A total of 2,505 meters of core holes were drilled and 2,338 meters of trenches have been dug and sampled:

  • Zhelanny target: 1,460 meters of core drilling and 1,347 meters of trench sampling (see pictures 1, 2 and 3 for details)
  • Alemakitskiy targets: 1,045 meters of core drilling and 991 meters of trench sampling (see pictures 1, 5 and 6 for details).

In parallel with land operations, an aerial geophysical survey of 50 km2 has been conducted covering the Zhelanny, Alemakitsky and Russkaya Pech sites.

The drilling was started on the Zhelanny target in early September and finalized on the Alemakitsky area in early November. All field operations were fully completed on time. Samples from the Zhelanny target have already been delivered to the ALS assay test laboratory in the Russian city of Chita and the samples from the Alemakitsky area are on their way. We expect all the results from the laboratory to be reported by mid-December.

More information on the results of the Maly Patom project's exploration program will follow.

For the complete press release including images and maps see attached document.

For more information, please contact:

Mikhail Damrin, CEO, +7 916 808 12 17, mikhail.damrin@kopygoldfields.com
Tim Carlsson, CFO, + 46 702 31 87 01, tim.carlsson@kopygoldfields.com

About Kopy Goldfields AB

Kopy Goldfields AB (publ), listed on NASDAQ First North Growth Market in Stockholm, is a Swedish gold exploration company operating in the Irkutsk and Amur regions of Russia, which are two of the most gold rich areas in the world. The Company currently holds 15 licenses, grouped into four projects, which entitle the holder to explore for and produce gold. Kopy Goldfield's strategy is to create value by identifying and acquiring high potential gold projects, and then prospecting and exploring them until they reach the stage of being ready to be sold for cash or further developed in cooperation with a partner.

Kopy Goldfields AB applies International Financial Reporting Standards (IFRS), as approved by the European Union. Hagberg & Aneborn Fondkommission acts as Certified Adviser, contact number: +46 8 408 933 50,
e-mail: info@hagberganeborn.se.

The Share
Ticker: KOPY
http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE77457
Outstanding shares: 103,825,869

Fältarbetet avslutat vid Maly Patom-projektet

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") har framgångsrikt genomfört det fältarbete som planerats för 2019 vid prospekteringsprojektet Maly Patom ("Northern Territories" eller "NT").


Field operations completed at the Maly Patom project

Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") has successfully completed all the planned scope of 2019 field operations for the Maly Patom ("Northern Territories" or "NT") exploration project.


Kopy Goldfields participates and speaks at the Minex Russia 2019 show

Kopy Goldfields will participate in the "MINEX Russia Mining and Exploration Forum", which will take place in Moscow on 9-10 October 2019 under the theme of "Foresight of the Russian Mining and Exploration Industry Development". During the show, we will present our company and projects for investors, potential partners and other stakeholders in one of the largest mining events in Russia.


De första hålen borrade i Maly Patom projektet

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") har påbörjat ett borrprogram vid prospekteringsprojektet Maly Patom ("Northern Territories" eller "NT"). Prospekteringsprogrammet syftar till att upptäcka guld inom en till tre tidigare identifierade guldanomalier. Hittills har sex hål borrats. Sulfidmineralisering har identifierats i flera prover och två prover innehåller synliga guldkorn.


First holes drilled at the Maly Patom project

Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") commenced a drilling program at the Maly Patom ("Northern Territories" or "NT") exploration project. The exploration program targets gold discoveries at one to three previously identified gold anomalies and so far, six holes have been drilled with sulfide mineralization identified in several samples and two samples containing visible gold grains.


Kopy Goldfields säkerställer ny finansiering om 15 MSEK

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") är glada att kunna tillkännage att ett nytt lån om 15 miljoner kronor har beviljats från Scandinavian Credit Fund I AB med avsikt att finansiera Bolagets verksamhet, inklusive det pågående prospekteringsprogrammet på Maly Patom-projektet. Samtidigt har också det befintliga långfristiga lånet om 30 miljoner kronor omförhandlats och förlängts. Ny förfallodag är 13 september 2022.


Kopy Goldfields secures new financing of MSEK 15

Kopy Goldfields AB (publ) ("Kopy Goldfields" or the "Company") is happy to announce that a new loan of SEK 15 million has been granted from Scandinavian Credit Fund I AB for the purpose of financing the Company's operations, including the current Maly Patom exploration program. At the same time, the existing long-term loan of SEK 30 million was renegotiated and extended. The new repayment date is September 13, 2022.


KOPY GOLDFIELDS AB (publ) Delårsrapport januari-juni 2019

Finansiell information för första halvåret 2019

  • Bolaget rapporterar ingen omsättning
  • Intäkter från försäljningen av Kopylovskoye-projektet 2,9 MSEK (0)
  • Resultat efter skatt -0,6 MSEK (-9,3)
  • Summa totalresultat 2,9 MSEK (-4,3)
  • Resultat per aktie före och efter utspädning -0,01 SEK (-0,11)
  • Periodens kassaflöde uppgick till -8,7 MSEK (8,0), inklusive betalda räntor -2,8 MSEK (0) och upptagna lån 0 MSEK (15)
  • Investeringar i prospektering och licenser 0 MSEK (0,9)
  • Investeringar i joint venture 0 MSEK (0)
  • Likvida medel vid periodens utgång uppgick till 11,4 MSEK (13,8)

KOPY GOLDFIELDS AB (publ) Half Year Report January - June 2019

Financial information half year 2019

  • The Company does not report any revenue
  • Income from sale of the Kopylovskoye project MSEK 2.9 (0)
  • Net income MSEK -0.6 (-9.3)
  • Total comprehensive income MSEK 2.9 (-4.3)
  • Earnings per share before and after dilution SEK -0.01 (-0.11)
  • Total cash flow MSEK -8.7 (8.0), including paid interest of MSEK -2.8 (0) and new loans MSEK 0 (15)
  • Investments in exploration work and licenses MSEK 0 (0.9)
  • Investments into joint ventures MSEK 0 (0)
  • Cash and cash equivalents amounted to MSEK 11.4 (13.8) at period end

Kopy Goldfields påbörjar borrprogram i Maly Patom-projektet ("Norra Territoriet")

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") påbörjar ett borrprogram vid prospekteringsprojektet Maly Patom ("Norra Territoriet" eller "NT") som inriktar sig på guldfyndigheter vid en till tre tidigare identifierade guldanomalier.


Kopy Goldfields commences drilling program at the Maly Patom ("Northern Territories") project

Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") is commencing a drilling program at the Maly Patom ("Northern Territories" or "NT") exploration project targeting gold discoveries at one to three previously identified gold anomalies.


Nettonuvärdet (NPV) för Krasny varierar mellan 100 och 300 MUSD före skatt enligt ny preliminär förstudie

Kopy Goldfields AB (publ) ("Kopy Goldfields" eller "Bolaget") är glada att kunna presentera nya positiva resultat från den oberoende preliminära förstudien (eng: "scoping study") avseende företagets andel på 49 % i guldprojektet Krasny, som ligger i Irkutsk-regionen i Ryssland. Den preliminära förstudien, utförd av AMC Consultants Pty Ltd i Perth, Australien (AMC), omfattar flera produktionsscenarier för att utveckla Krasny-projektet, antingen som ett rent dagbrott eller som en kombination av dagbrott och underjordsgruva, med en årlig bearbetningskapacitet mellan 0,4 Mt (miljoner ton) och 3 Mt. Alla scenarier ger positiva NPV före tillämpning av potentiella skatteförmåner.


Net present value (NPV) for Krasny varies from MUSD 100 to MUSD 300 pre-tax according to new Scoping study

Kopy Goldfields AB (publ) ("Kopy Goldfields" or "the Company") is pleased to announce new positive results from the independent scoping study for its 49% stake in the Krasny gold project, located in the Irkutsk region of Russia. The scoping study, performed by AMC Consultants Pty Ltd from Perth, Australia (AMC), provides several production scenarios for developing the Krasny project either as an open pit alone, or combined open pit and underground mine, with annual processing plant throughput capacities varying from 0.4 Mt to 3 Mt. All scenarios would return positive NPVs before application of potential tax benefits.


Kommuniké från årsstämma i Kopy Goldfields

Årsstämma med aktieägarna i Kopy Goldfields AB (publ) har hållits i Stockholm den 29 maj 2019. Ordförande för stämman var Claes Levin.


Ändring av föreslagen revisor inför årsstämma i Kopy Goldfields den 29 maj 2019

Valberedningen i Kopy Goldfields AB (publ) ändrar sitt förslag till val av revisor inför årsstämman den 29 maj 2019. Till ny revisor föreslås det registrerade revisionsbolaget PwC.




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