Frontier Mining Ltd is a mineral exploration and development Company, incorporated in Delaware (USA) on 05 August 1998, for the purpose of exploring and developing gold and copper deposits in the Republic of Kazakhstan. Through its subsidiaries and affiliates, Frontier locates, evaluates, acquires, explores and develops mineral properties.

Frontier currently operates two licenses in Kazakhstan, Naimanjal (100% owned) and Benkala (50% owned).

Naimanjal operations currently consist of five projects; a producing gold mine (Naimanjal Complex), a test stage gold production project (Koskuduk), a potential copper porphyry deposit with associated gold and molybdenum (Baitimir), and copper/gold prospects along a 25km trend including both VMS and porphyry types (Beschoku and Yubileiny). Metallurgical tests on its copper prospects confirm that the oxide copper ore is amenable to extraction using low cost SX-EW technology.

Benkala is a copper-molybdenum-gold deposit located in north-western Kazakhstan, within the Urals gold/copper ore belt. A Competent Persons Report completed by Wardell Armstrong International in March 2007, estimates some 2.8 million tonnes of contained copper.

Corporate Structure

Frontier operates in Kazakhstan directly through two wholly owned subsidiaries: FML Kazakhstan LLP and Baltemir LLP, and indirectly through KazCopper LLP as a 50% joint venture partner in US Megatech BVI. All entities are Kazakhstani partnerships with limited liability.

FML Kazakhstan LLP maintains an administrative office in Almaty, the former capital city of Kazakhstan and the main business centre in the southeast. The Almaty office has 2 full time employees. The company also maintains an office in Kurchatov located 130 kilometres west of Semipalatinsk, which is the base for all exploration and development personnel with additional admin support for exploration projects and a number of contractors. Semipalatinsk is 830 kilometres north of Almaty, connected by regular commercial airline services.

Baltemir LLP is currently a dormant company.

Frontier also maintains two small corporate offices. The London (UK) office provides investor relations, finance, corporate and administrative functions. The Centennial (Denver, Colorado) office provides US corporate administrative support.

Benkala (Kazakhstan)

Location

The project lies approximately 450km east of Aktobe (formerly Aktyubinsk) and some 100km south of Zhitigara in North West Kazakhstan, close to the Russian border.

The area presents favourable geography; the water table is within 25m of the surface and the flat landscape is ideal for heap leach processing.

Local Infrastructure boasts a new highway and the main Aktobe-Kostanai railway line, both within 6km of the site. A new 550Kv power line runs within 2.5km and 220Kv power lines run within 20km to the north (substation) and 60km to the west.

Development at the site includes completed operations camp and offices; construction of a plant, leach pad roads other necessary facilities is underway.

Resources

Located within the Urals Copper/Gold ore belt, exploration defined a significant Copper resource. Current open pit mining targets near surface oxide mineralisation.

• Copper deposit discovered in 1968
• 1976 - 1979: Soviet exploration; 21,800m of drilling
• 2006: confirmatory drill programme (Coville)
• Nov 2007: Frontier acquires 50% interest
• 2008 - 2010: drilling targets oxide mineralisation
• Jun 2010: fleet purchased, operations commence
• Jan 2011: WAI resource estimate 1.56Mt contained Copper (0.25% cut-off): 183,000t oxide resource; 1,378,000t sulphide resource (JORC-compliant)
• Apr 2011: Frontier completes successful merger with Coville Intercorp Ltd; acquiring remaining 50% interest
• Operated by subsidiary KazCopper LLP
• 32.6Mt Copper oxide resource @ 0.54% Cu
• Oxide Copper SX/EW recoveries of 63%
• Sulphide Copper flotation recoveries of 85%
• WAI Bankable Feasibility Study currently underway
• SX/EW project under construction (oxide resource)
• Initial production planned for Q3 2011; 3,000 tonnes, 20,000 tonnes in 2013 (subject to plant expansion).

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		MR. ERLAN K. SAGADIEV CEO & CHAIRMAN
		MR. GEORGE N. R. COLE CHIEF FINANCIAL OFFICER
		MR. YERBULAT A. TASTANOV (PhD) EXECUTIVE DIRECTOR
		MR. BOYD W. BISHOP NON-EXECUTIVE DIRECTOR
		MR. W. DURAND EPPLER NON-EXECUTIVE DIRECTOR
		MR. GREGORY J. VOJACK NON-EXECUTIVE DIRECTOR
		MR. YERLAN Z. ALIYEV NON-EXECUTIVE DIRECTOR