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Polymetal International Plc

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Summary

Project:

Veduga

Deposit:Veduga
Location:Russia
Commodities:Gold
Date:3/8/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:8-3-2019: Polymetal International Plc announces a Resource Estimation report for its Veduga deposit at the Veduga project. JV - Annual mineral resources and ore reserves statement. Polymetal International plc announces its exploration update for the year
Resources:(Reserve, P+P): 6.350Mt @ 4.8g/t Au for 982Koz Au contained
CP/QP:[Resources]: Valery Tsyplakov (CJSC Polymetal Engineering)
ABSTRACT:Polymetal International plc announces its exploration update for the year ended 31 December 2018, and reports its Ore Reserves and Mineral Resources as at 1 January 2019 in accordance with the JORC Code (2012)1. "In 2018, Polymetal significantly expanded its mineral inventory on the back of a twofold increase in Ore Reserves at Nezhda, a 5-year life-of-mine extensionat Mayskoye and confirmation of a world-class resource at Prognoz", - said Vitaly Nesis, Group CEO of Polymetal, commenting on the results. "In 2019 we will continue to focus on extending the life-of-mine at producing assets". In 2018, exploration efforts were mostly focused on exploration projects in close proximity to the Company's producing assets in the Magadan, Sverdlovsk and Khabarovsk regions, and on new assets in Yakutia and Karelia. Exploration activities were carried out on 51 licensed properties with 350 km of drillingcompleted in the course of 2018.

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