BASS Gold LLP mined 41,000 tons of gold-bearing ore at the Ushshoky deposit from January to September 2024, matching the output from the same period in 2023. In April, the company launched a new processing plant for producing Dore alloy, processing 29,300 tons of ore with an average gold content of 2.3 grams per ton, yielding 42 kg of gold. Planned production was not fully met due to decreased ore grades from prolonged mining and ongoing plant adjustments to reach full capacity.

To increase high-grade ore output, BASS Gold LLP has initiated geological exploration within its mining area and is preparing to extend its mining contract. In Q4 2024, 3D underground scans of all mined areas are planned to gather precise data for future exploration and extraction. The company is also developing a new resource base after obtaining a license to explore 11 geological blocks near Ushshoky, totaling 25 sq km, until 2030. A contractor has been selected, and the exploration will adhere to KAZRC standards, ensuring high-quality work and accurate reserve estimates.

As a responsible public company, BASS Gold LLP has fulfilled all investor obligations, repaying securities and distributing a total of USD 16.2 million, including USD 8.9 million for the second bond issuance maturing in October 2024. Accordingly, BASS Gold LLP continues developing the Ushshoky deposit and exploring new blocks. Current goals include reaching full operational plant capacity, ensuring adequate resource supply, enhancing investment appeal, and fulfilling obligations to investors and partners.