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Polymetal International Plc
Summary
| Project: | Varavara Hub | |
|---|---|---|
| Deposit: | Komar | |
| Location: | Kazakhstan | |
| Commodities: | Gold | |
| Date: | 10/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-10-2017: Polymetal International Plc announces a Resource Estimation report for its Komar deposit at the Varavara Hub project. Updated ore reserves at the Komar gold deposit. Polymetal International plc (LSE, MOEX: POLY; ADR: AUCOY) (together with its | |
| Resources: | (Reserve, P+P): 24.050Kot @ 1.8g/t Au for 1.374Moz Au contained at Komar | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Polymetal International plc (LSE, MOEX: POLY; ADR: AUCOY) (together with its subsidiaries – “Polymetal”, the “Company”, or the “Group”) is pleased to report a significant increase in Ore Reserves at the Komar gold deposit in Kazakhstan. The updated reserve estimate was prepared under 2012 JORC standards and incorporates data from 387 diamond drill holes completed after Polymetal had agreed to acquire the asset in Q2 2016. In total, the exploration campaign comprised of 68,016 m of diamond drilling. As a result, reserves have grown by 535 Koz of gold while the grade remained stable at 1.8 g/t. Most of the additional ounces represent an upgrade and conversion of inferred resources in the southern part of the property, as well as new mineralised material discovered along strike in the extreme northern part of the 5km-long deposit. The re-designed open pit has a stripping ratio of 13 mt/mt, roughly at the same level as the previously designed open pit. The maximum mining depth remained unchanged at 190 m below the surface level. Mineralisation is open along strike in the northerly direction and down-dip in the southern part of the deposit. | |
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