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Polymetal International Plc
Summary
| Project: | Nezhda | |
|---|---|---|
| Deposit: | Nezhda | |
| Location: | Russia | |
| Commodities: | Gold-Silver | |
| Date: | 11/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 12-11-2018: Polymetal International Plc announces a Feasibility Study report for its Nezhda deposit at the Nezhda project. Feasibility Study results incl. NPV of US $302M (10%), IRR of 29%, 25yr LOM at project. Polymetal International plc has completed th | |
| Resources: | (Reserve, P+P): 38.0Mt @ 3.4g/t Au, 15g/t Ag for 4.2Moz Au and 18.6Moz Ag contained at Nezhda | |
| CP/QP: | [Resources]: Dmitry Pertel (CSA Global Pty Ltd.) | |
| ABSTRACT: | Polymetal International plc has completed the Feasibility Study ("FS") for the Nezhda project based on the updated Ore Reserve estimate reported in accordance with the JORC Code. The Board has approved the start of project construction."Nezhda is a long-life, high-grade asset with robust economics", said Vitaly Nesis, Group CEO of Polymetal. "The project is capital light and will rely heavily on our successful experience at Kyzyl. Nezhda will contribute to dividends per share already in 2022." The Nezhda Ore Reserve estimate is reported in accordance with the JORC Code (2012) as at 1 April 2018 using a gold price of US$ 1,200/oz and silver price of US$ 16/oz. A cut-off grade of 1.2 g/t gold equivalent has been applied for open pit and 2.8 g/t for the underground. The Ore Reserve statement was prepared by Polymetal and reviewed by CSA Global Pty Ltd ("CSA"). | |
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