Polyus Gold International Limited:
Ore Reserves and Mineral Resources in Kazakhstan and Romania
Polyus Gold International Limited (formerly KazakhGold Group Limited) (LSE: POLG and PLGL) announces the ore reserves and mineral resources for mining assets in Kazakhstan and Romania as of May 2011, determined in accordance with the JORC Code at such date:
Reserves
|
|
|
|
|
Gold | ||||
|
|
|
|
|
Grade |
Metal Content | |||
|
Deposit |
|
Reserve |
Ore(Mt) |
(g/t) |
(oz) | |||
|
Aksu Open Pit |
|
Proven |
3.39 |
1.08 |
113,866 | |||
|
|
|
Probable |
22.31 |
1.89 |
1,308,698 | |||
|
|
|
Total |
25.70 |
1.78 |
1,422,564 | |||
|
Aksu Underground |
|
Proven |
2.07 |
5.22 |
336,004 | |||
|
|
|
Probable |
0.28 |
4.89 |
42,545 | |||
|
|
|
Total |
2.35 |
5.18 |
378,549 | |||
|
Aksu Combined |
|
|
28.05 |
2.06 |
1,801,113 | |||
|
Bestobe Open Pit |
|
Proven |
0.55 |
2.22 |
38,043 | |||
|
|
|
Probable |
17.44 |
1.34 |
729,515 | |||
|
|
|
Total |
17.99 |
1.37 |
767,558 | |||
|
Bestobe Underground |
|
Proven |
- |
|
- | |||
|
|
|
Probable |
0.66 |
3.26 |
66,992 | |||
|
|
|
Total |
0.66 |
3.26 |
66,992 | |||
|
Bestobe Combined |
|
|
18.65 |
1.44 |
834,550 | |||
|
Zholymbet Open Pit |
|
Proven |
- |
|
- | |||
|
|
|
Probable |
3.54 |
1.28 |
140,635 | |||
|
|
|
Total |
3.54 |
1.28 |
140,635 | |||
|
Zholymbet Underground |
Proven |
- |
|
- | ||||
|
|
Probable |
0.54 |
7.11 |
119,396 | ||||
|
|
|
Total |
0.54 |
7.11 |
119,396 | |||
|
Zholymbet Combined |
|
|
4.08 |
2.05 |
260,031 | |||
|
Baia Mare Tailings |
|
Proven |
7.20 |
0.48 |
111,631 | |||
|
|
|
Probable |
- |
- |
- | |||
|
Baia Mare Total |
|
|
7.20 |
0.48 |
111,631 | |||
|
|
|
|
|
|
| |||
|
TOTAL |
|
|
57.98 |
1.67 |
3,007,325 | |||
|
|
|
|
|
|
|
|
|
|
Resources
|
|
|
|
|
|
Gold | |
|
|
|
|
Cut-Off Grade |
Tonnes |
Grade |
Metal Content |
|
Deposit |
|
Resources |
(g/t) |
(Mt) |
(g/t) |
(oz) |
|
Aksu Open Pit |
|
Measured |
|
3.46 |
1,05 |
116,190 |
|
|
|
Indicated |
|
28.14 |
2,19 |
1,913,581 |
|
|
|
Measured+Indicated |
|
31.60 |
2,07 |
2,029,771 |
|
|
|
Inferred |
|
23.67 |
2,90 |
2,138,135 |
|
|
|
Total |
0.3 and 0.4 |
55.27 |
2,42 |
4,167,906 |
|
Aksu Underground |
|
Measured |
|
3.40 |
5,05 |
552,104 |
|
|
|
Indicated |
|
0.93 |
4,25 |
123,023 |
|
|
|
Measured+Indicated |
|
4.33 |
5,01 |
675,127 |
|
|
|
Inferred |
|
0.07 |
3,24 |
7,246 |
|
|
|
Total |
|
4.40 |
4,98 |
682,373 |
|
Aksu Combined Total |
|
|
|
59.67 |
2,61 |
4,850,279 |
|
Bestobe Open Pit |
|
Measured |
|
0.57 |
2,13 |
38,819 |
|
|
|
Indicated |
|
19.01 |
1,41 |
835,877 |
|
|
|
Measured+Indicated |
|
19.58 |
1,44 |
874,696 |
|
|
|
Inferrred |
|
3.52 |
3,68 |
403,315 |
|
|
|
Total |
0.3 and 0.4 |
23.10 |
1,78 |
1,278,011 |
|
Bestobe Underground |
|
Measured |
|
- |
- |
- |
|
|
|
Indicated |
|
1.47 |
4,47 |
204,478 |
|
|
|
Measured+Indicated |
|
1.47 |
4,47 |
204,478 |
|
|
|
Inferred |
|
0.71 |
5,03 |
111,123 |
|
|
|
Total |
|
2.18 |
4,65 |
315,601 |
|
Bestobe Combined Total |
|
|
|
25.28 |
2,03 |
1,593,612 |
|
Zholymbet Open Pit |
|
Measured |
|
- |
- |
- |
|
|
|
Indicated |
|
4.10 |
1,70 |
216,492 |
|
|
|
Measured+Indicated |
|
4.10 |
1,70 |
216,492 |
|
|
|
Inferred |
|
18.92 |
2,73 |
1,608,747 |
|
|
|
Total |
0.3 and 0.4 |
23.02 |
2,55 |
1,825,239 |
|
Zholymbet Underground |
|
Measured |
|
- |
- |
- |
|
|
|
Indicated |
|
1.10 |
8,76 |
299,773 |
|
|
|
Measured+Indicated |
|
1.10 |
8,76 |
299,773 |
|
|
|
Inferred |
|
0.78 |
10,63 |
257,922 |
|
|
|
Total |
|
1.88 |
9,54 |
557,695 |
|
Zholymbet Combined Total |
|
|
|
24.90 |
3,08 |
2,382,934 |
|
Baia Mare Central Dam Tailings |
|
Measured |
|
7.34 |
0,48 |
113,909 |
|
|
|
Indicated |
|
- |
- |
- |
|
|
|
Measured+Indicated |
|
7.34 |
0,48 |
113,909 |
|
|
|
Inferred |
|
- |
- |
- |
|
|
|
Total |
|
7.34 |
0,48 |
113,909 |
|
Alunis-Piatra Handal |
|
Measured |
|
- |
- |
- |
|
|
|
Indicated |
|
- |
- |
- |
|
|
|
Measured+Indicated |
|
- |
- |
- |
|
|
|
Inferred |
|
3.18 |
2.00 |
204,208 |
|
|
|
Total |
0.5 |
3.18 |
2.00 |
204,208 |
|
Romaltyn Combined Total |
|
|
|
10.52 |
0.94 |
318,117 |
|
TOTAL |
|
|
120.37 |
2.44 |
9,144,942 | |
|
|
|
|
|
|
|
|
The ore reserves and mineral resources information set forth above corrects discrepancies in the information previously disclosed in the prospectus dated 24 June 2011 with respect to metal content of reserves and resources of Aksu and Zholymbet deposits, gold grades of Bestobe reserves and resources, and related total metal content of the Group.
Enquiries:
Polyus Gold International Limited
Alexey V. Chernushkin, Director, Capital Markets and IR
+44 (0) 20 8528 1450
OJSC Polyus Gold
Evguenia V. Buydina, IR manager
+7 (495) 641 3377
The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. This announcement has been prepared for the purposes of complying with English law and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of England.
or an invitation to purchase or subscribe for any securities in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.