Trans-Siberian Gold plc reported that mine development activities at Asacha in 2011 comprised approximately 3,480 metres and 37,000 m3. The ore stockpile at the end of December comprised approximately 64,000 tonnes. In December 2011, approximately 7,800 mt with an average gold grade of 10.89 g/t was processed at a recovery rate of 94.47%. The difference between the gold recovered and gold dore quantities in the above table represents gold in the processing circuit at the end of the relevant month which is included in dore production in the following month. Refined amounts from 2011 shipments of gold dore to the refinery at Novosibirsk were 7,824 oz gold and 8,566 oz silver.