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ALROSA

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Summary

Project:

Mirny

Deposit:Mirny
Location:Russia
Commodities:Diamonds
Date:1/12/2017
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:12-1-2017: ALROSA announces a Resource Estimation report for its Mirny deposit at the Mirny project. Updated mineral resources and ore reserves for project. This independent expert report (Report) has been prepared by Micon International Co Limited (Micon
Resources:
CP/QP:[Resources]: (refer to full report) (Micon International Ltd.)
ABSTRACT:This independent expert report (Report) has been prepared by Micon International Co Limited (Micon) and was commissioned by the Public Joint Stock Company ALROSA (ALROSA). The Report comprises an independent review and valuation of the ALROSA Group of Companies’ principal diamond assets in the Russian Federation. These assets include operating mines and processing plants, and projects at various stages of development. Specifically, the Report includes an evaluation of the deposits developed by the Company’s four principal divisions, the Udachny, Aikhal, Mirny and Nyurba mining and processing divisions (GOK’s), and also by the subsidiary mining companies, PAO Severalmaz (for which Lomonosov GOK is the production division), AO Almazy Anabara and AO Nizhne-Lenskoe. Excluded from this Report are the operations of Catoca Ltd. Mining Co. in Angola, in which ALROSA has a 32.8% share. Micon is an independent firm of geologists, mining engineers, metallurgists and environmental consultants, all of whom have extensive experience in the mining industry. The firm operates from integrated offices in Norwich and Cornwall, United Kingdom and Toronto and Vancouver, Canada.

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