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Polymetal International Plc
Summary
| Project: | Viksha | |
|---|---|---|
| Deposit: | Viksha | |
| Location: | Russia | |
| Commodities: | PGM-Gold-Copper | |
| Date: | 9/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-9-2019: Polymetal International Plc announces a Resource Estimation report for its Viksha deposit at the Viksha project. Updated mineral resource estimate. Polymetal announces the updated Mineral Resource estimate in accordance with the JORC Code (2012 | |
| Resources: | (Resource, Total): 165Mt @ 0.1g/t Au, 0.3g/t Pt, 0.7g/t Pd, 0.10% Cu | |
| CP/QP: | [Resources]: Valery Tsyplakov (JSC Polymetal Engineering) | |
| ABSTRACT: | Polymetal announces the updated Mineral Resource estimate in accordance with the JORC Code (2012) for Viksha PGM deposit. Resources at the property now stand at 5.7 Moz of palladium equivalent (PdEq). We have confirmed Viksha's potential as a large open-pittable deposit. The goal is to complete the feasibility study and publish a reserve estimate in 1H 2021", said Vitaly Nesis, Group CEO of Polymetal. The Viksha is a PGM-copper deposit located in the Republic of Karelia (North-West Russia) approximately 450 km from St. Petersburg. The infrastructure in the area is well developed with easy access to grid power, paved roads, and railway. Polymetal's 100%-owned subsidiary holds a 20-year mining licence for a project area of 47 km2. | |
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