Gavin Ferrar
CEO & Director

Hello. My name is Gavin Ferrar. I'm the CEO of Central Asia Metals. We're a base metals producer with operations in Kazakhstan and North Macedonia, producing copper, lead and zinc, respectively. And we've also got an exciting exploration portfolio in Kazakhstan and also a minority stake in another exciting exploration company called Aberdeen Minerals in Scotland.

Matthew Gordon

Gavin, good to see you again. We're back in the same room.

Gavin Ferrar
CEO & Director

Good to see you, Matthew.

Matthew Gordon

Yes. Look, I think today, if you don't mind, let's just -- going to focus on this potential acquisition. It hasn't quite completed yet, but I want to know a little bit more about it and what it does to the portfolio, to derisking and I guess, the growth component. So why don't you tell us a little bit about the company and the deal structure?

Gavin Ferrar
CEO & Director

Sure. As a lot of your viewers and listeners will know, we announced on the 2nd of June the proposed acquisition of a company called Cygnus Metals. Now Cygnus is an Australian-listed company, but they have their key asset in Quebec in Canada, and it's called the Chibougamau Copper Gold Project. And the Chibougamau project is comprised of 5 deposits. And importantly, it's got an old centralized mill.

So this thing last operated in 2008 called the Copper Rand mill. So as a complex and ultimately, which would be a hub-and-spoke operation, it is attractive to us because it's brownfields. It's got, as I said, 5 deposits in