Page 1

15 September 2021 Central Asia Metals plc ( AIM : CAML ) is pleased to announce its unaudited interim results for the six months ended 30 June 2021 ( ' H1 2021 ' or the ' period ' ) . H1 2021 financial summary ● Increased dividend and additional debt repayments O H1 2021 dividend of eight pence per share ( H1 2020 : six pence ) , representing 40 % of Group free cash flow₁ ( ' FCF ' ) Post period end early repayment of $ 10 million of corporate debt facility O Strong financial performance driven by robust commodity prices Group gross revenue₁ of $ 106.3 million ( H1 2020 : $ 75.4 million ) and Group net revenue of $ 100.8 million ( H1 2020 : $ 70.8 million ) O O O Outlook Interim Results for the Six Months Ended 30 June 2021 Central Asia Metals plc ( the ' Group ' , the ' Company ' or ' CAML ' ) O O Strengthening balance sheet Cash in the bank as at 30 June 2021 of $ 54.3 million2 ( 31 December 2020 : $ 47.9 million2 ) Group net debt₁ as at 30 June 2021 of $ 10.1 million ( 31 December 2020 : $ 36.2 million ) Debt repayments of $ 19.9 million ( H1 2020 : $ 19.2 million ) O Group EBITDA₁ of $ 64.4 million ( H1 2020 : $ 42.5 million ) and EBITDA margin₁ of 61 % ( H1 2020 : 56 % ) H1 2021 operational summary Group FCF of $ 48.9 million ( H1 2020 : $ 21.2 million ) Kounrad copper production of 6,214 tonnes ( H1 2020 : 6,607 tonnes ) O Copper sales of 6,241 tonnes ( H1 2020 : 6,600 tonnes ) Sasa zinc in concentrate production of 11,292 tonnes ( H1 2020 : 12,203 tonnes ) O Payable zinc sales of 9,419 tonnes ( H1 2020 : 10,273 tonnes ) Sasa lead in concentrate production of 13,807 tonnes ( H1 2020 : 15,140 tonnes ) O Payable lead sales of 13,160 tonnes ( H1 2020 : 14,445 tonnes ) River Remediation Project completed at Sasa Three Group lost time injuries ( ' LTIs ' ) , Group lost time injury frequency rate ( ' LTIFR ' ) of 2.50 CAML climate change strategy work underway O Sasa to be powered by renewable energy following post period end agreement to purchase solely renewable power from North Macedonian power provider , EVN , reducing Group greenhouse gas ( ‘ GHG ' ) emissions by approximately 35 % on an annualised basis ● Sasa Cut and Fill Project on track and on budget for commissioning in Q4 2022 On course to achieve upper end of 2021 Kounrad production guidance and lower end of Sasa production guidance 1 See Financial Review section for definition of non - IFRS alternative performance measures 2 The cash balance figure disclosed includes restricted cash