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Polymetal International Plc
Summary
| Project: | Armenia | |
|---|---|---|
| Deposit: | Lichkvaz, Kapan | |
| Location: | Armenia | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 3/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-3-2018: Polymetal International Plc announces a Resource Estimation report for its Lichkvaz, Kapan deposit at the Armenia project. Annual statement of mineral resources and initial ore reserve. Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) ( | |
| Resources: | (Reserve, P+P): 5.14Mt @ 4.2g/t AuEq. for 692Moz AuEq. at project | |
| CP/QP: | [Resources]: Valery Tsyplakov (CJSC Polymetal Engineering) | |
| ABSTRACT: | Polymetal International plc (LSE, MOEX: POLY, ADR: AUCOY) (together with its subsidiaries - "Polymetal", the "Company", or the "Group") provides an Exploration update for the year ended 31 December 2017, and reports its Ore Reserves and Mineral Resources as at 1 January 2018 in accordance with the JORC Code (2012). "In 2017, Polymetal succeeded in extending life-of-mine at producing assets and continued to invest in the next leg of our growth", - said Vitaly Nesis, Group CEO of Polymetal, commenting on the results. "We expect 2018 to result in further significant extensions of our reserves and resources". In 2018, Polymetal will continue to invest in exploration with the goal to expand the pace and scope of drilling, as well as prospect evaluation. | |
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