About

About the Company

The main aim of LYRA MINE MINERALS LLC is mining of strategic metallic minerals, necessary for existence and development of Ukrainian industry.

The company has a special permit for ore gold mining of Klyntsi gold deposit. It opened the way to start our business-plan and to acquire a land plot of 24 ha
(59,3 acre) area size, where the Companywill arrange an industrial site of the mining enterprise and the processing plant with obtaining of the marketable ore gold concentrate.

The Company has carried out an Environmental Impact Assessment of the planned mining activities on the basis of the resources of the Klyntsi deposit, during which public hearings were held. The highly professional and active position of our specialists during these hearings ensured the conclusion of an agreement with the local government on social partnership and participation in solving social and economic issues of the territorial community of the village of Klyntsi. As a result, the Company received a positive opinion from the Ministry of Ecology and Natural Resources of Ukraine, regarding the environmental safety of the planned activities of the mining company and the processing plant for the environment. In 2020, LIRA MINE MINERALS performed a complex of modern exploration works at the deposit. In order to revise the data on the geological structure of the deposit and confirm the new concept of ore body morphology, created by the Company’s specialists, the definition drilling of five drill holes (1,182 running meters) was performed within the first stage of its own drilling program.The core, obtained from these drill holes, was tested, and the samples, in order to determine the content and distribution of gold in the ore, were sent for analysis to Ireland – in a specialized certified laboratory of ALS. The obtained data helped to adjust the model of the geological structure of the Klyntsi deposit (in the Micromine software environment) and to estimate its mineral resources according to the classification NI 43-101 (Canadian national instrument). At the same time, the scheme of gold-bearing ores processingwas chosen and the modern technological equipment, necessary for it, was determined. A representative technological sample has been selected to perform technological research in one of the world’s leading mining companies – Metso Outotec. As a result of these tests, the technological scheme of ore processing was updated. As a result, in early 2021, a pre-design development of options for the discovery of the Klyntsi deposit – with the definition of methods of mining gold ore reserves and with an estimation of capital and operating costs was ordered tothe German company ThyssenSchachtbau. Subsequently, a feasibility study (FS) of conditions and a report with the calculation of the reserves of the first stage of the Klyntsideposit was represented. This report was submitted for examination to the State Commission on Mineral Reserves of Ukraine (SCR).The protocol of the SCR approved the reserves of the priority block of the Klyntsideposit and substantiated the need for geological study of the western flank of the deposit with the development of a single mining and processing complex. At the same time, theProtocol of the SCR of Ukraine dated 30.03.2021 № 5279-ДСК increased the resource base of the deposit. The results of the additional study of the Klyntsi gold ore deposit became the basis for the final financial model for its development and the next important steps. Thus, out of use mining of previous years were leased for the purpose of their restarting and further operation. Restarting workswere begun in May 2021. With the participation of the well-known German construction and mining company IDMG, the design of the first stage of the mine to work out the approved gold reserves has begun. As LIRA MINE MINERALS LLCemploys highly professional specialists who actively use the services of the world’s leading laboratories and specialized companies in the field of mining, technological and engineering works, the required amount of preparatory work for the mining of the deposit was performed quickly and at a high level. On this basis, it was planned to perform special construction and mining works in 2022, so that the first gold mining will take place in 2023.

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Our Team

Oleksandr Nastenko

FOUNDING PARTNER & PRESIDENT

Mr. Nastenko manages and ensures that the company operates in a sustainable and productive manner. Oleksandr is known as

a strategic and creative leader, entrepreneur who views business with a broad context, nevertheless with respect of important details that realized in clearly defined business objectives and processes. He has served predominantly in the mining industry since 2014 as an executive business leader and a skilled geologist with practical field experience. He graduated with a Bachelor’s degree in Civil Engineering & Construction, and a Bachelor’s degree in Geology.

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Vladyslav Dibrova

DIRECTOR, FIELD OPERATIONS

Vladyslav is experienced in forming, developing and managing various teams. He is responsible for overall organizational

planning, business processes management, and implementation of field activities. He also governs safety protocol adherence, environmental compliance, and maintains clear lines of accountability with state and local regulatory authorities. Under Vladyslav’s leadership, the First Stage of the Geological Exploration Program of the Klyntsi mineral deposit was successfully executed; informative core samples were cataloged and have been sent to the test laboratory.

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Natalia Viliatser

CHIEF ACCOUNTANT, IFRS, IPFM

Natalia is a certified professional accountant with over 20 years of experience in various areas of economic activity, including

the mining industry. She supports the accounting and internal auditing for Lyra Mine Minerals. Natalia is preeminent in assembling and ensuring that corporate financial reports are held to the highest standard of National Accounting Standards (NAS) and International Financial Reporting Standards (IFRS). She is an integral party engaged in the exploration and development of mineral deposits, heading the transition, alignment and audit of Ukrainian accounting and reporting standards to international accounting and reporting standards. Natalia is certified with the ACCA Diploma in International Financial Reporting Standards (IFRS), and is accredited by the Institute of Professional Financial Managers (IPFM).

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Mariia Kurylo

SENIOR FINANCIAL ADVISOR, ECONOMIST, DR. IN GEOLOGY

Mariia brings deep knowledge and more than 10 years of practical experience in financial analysis of geology and mineral

reserves valuation, as well as expertise in minerals commodity markets. She participated in various exploration projects working on geological and economic evaluation of iron, manganese, titanium, and gold deposits located in Ukraine, Asia and Africa regions. She is contributing her expertise into the development of a Feasibility Study and Mineral Reserves Valuation of the Klyntsi gold deposit. Mariia holds a PhD in Economic Geology, and was honored with a State Prize in Science and Technology.

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Oleksiy Falkovich

SENIOR CONSULTING GEOLOGIST, PHD IN GEOLOGY

Oleksiy has over 40 years’ experience in geology. He was a direct participant and later head of geological exploration of the

Klyntsi gold deposit in 1991 - 2002. He has conducted numerous geological studies of ore deposits, mineral resources assessment, and professional supervision over mining production, development and implementation of programs for clients in USA, South America (Peru, Panama, and Chile), Europe (Turkey, Russia and Ukraine), and Africa. Oleksiy holds a PhD in Geology, and is an expert of the State Commission of Ukraine on Mineral Resources, member of the State Council for Mineral Resources Forecasting of Ukraine.

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Nataliia Bariatska

SENIOR CONSULTING GEOLOGIST, DR. IN GEOLOGY

With 20 years in geology field, Natalia has experience in forecasting and prospecting for uranium, geological exploration,

geological and economic evaluation of gold-polymetallic, lithium, rare-earth metals, placer and primary titanium deposits in Ukraine, Mexico, USA, Guinea etc. She also specializes in approbation and approval of ore deposit resources in State Commission of Ukraine on Mineral Resources. Natalia is currently engaged in geological interpretation, geostatistical analysis and the design of new drilling programs for Klyntsi deposit. She is also developing a 3D model of ore deposits using Micromine software, supporting mineral resources estimation and reporting initiatives with accordance to the international standards (JORC and NI 43-101).

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GOLD KLYNTSI DEPOSIT

OUR MISSION

We aim to become one of the largest gold mining companies in Europe, as well as the largest employer of the region. The company is building an efficient, modern production facility using innovative technologies to automate production and increase productivity.