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Petropavlovsk Plc
Summary
| Project: | Yubeliney Complex | |
|---|---|---|
| Deposit: | Yubeliney Complex | |
| Location: | Russia | |
| Commodities: | Gold | |
| Date: | 7/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-7-2016: Petropavlovsk Plc announces a Resource Estimation report for its Yubeliney Complex deposit at the Yubeliney Complex project. Updated mineral resources and ore reserves at Yubileiny Complex + Placer deposits. This Competent Persons Report (repor | |
| Resources: | (Reserve, Prob.): 1.13Mt @ 6.42g/t Au at Yubileiny Complex | |
| CP/QP: | [Resources]: Mike Armitage (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | This Competent Persons Report (report or CPR) comprises SRK Consulting (Russia) Ltd (SRK)‟s independent technical review of the mineral assets (the Mineral Assets) held by Amur Zoloto LLC (AZ). SRK was mandated to prepare this CPR on behalf of Petropavlovsk Plc (Petropavlovsk or the Company) and its advisors in relation to a potential transaction between the two companies. The Mineral Assets comprise a number of developing and operating gold mines (both hard rock and alluvial), as well as exploration assets in the Khabarovsk region of the Russian Federation. Specifically, this includes:- • the Yubileiny Complex, which comprises the operating Krasivoye underground mine, the planned Ulun underground mine, and the Yubileiny processing plant which has a current capacity of 100,000 tonnes per annum(tpa) and a planned extension in capacity to 200,000 tpa in 2019; • the Perevalnoe open pit mine and concentration (gravity and flotation) facility which has a planned capacity of 100,000 tpa through the processing plant and 600,000 tpa through the heap leach; • the Malutka open pit and heap leach facility which has a planned capacity of 2,500,000 tpa; • the Tas-Yurakh Complex with a capacity of 200,000 tpa; and • a number of placer operations with a combined capacity of 1,000,000 m 3 of gravel washed per season, which together currently produce some 15,000 oz of gold per year. The audited Mineral Resource and Ore Reserve statements included in this CPR are reported in accordance with the 2012 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves as published by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (the JORC Code). | |
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