International Audit of Reserves (JORC Code) fMineral resources according to JORC Code as of 1 January 2007 (Resources are inclusive of reserves)
|
|
|
Measured |
|
|
|
Indicated |
|
|
Total measured and indicated |
|
Deposit |
Ore (‘000 tonnes) |
Grade per tonne |
Gold content (‘000 oz) |
|
Ore (‘000 tonnes) |
Grade per tonne |
Gold content (‘000 oz) |
|
gold content (‘000 oz) |
|
|
|
Existing operations |
|
Olympiada |
19.3 |
5.0 |
3 131 |
|
79.8 |
3.7 |
9 616 |
|
12 747 |
|
Kuranakh |
1.8 |
1.9 |
106 |
|
160.4 |
1.2 |
6 447 |
|
6 553 |
|
Zapadnoe |
0.3 |
1.8 |
17 |
|
5.6 |
3.0 |
542 |
|
559 |
|
Lenzoloto |
32.11 |
0.22 |
237 |
|
169.81 |
0.42 |
2 091 |
|
2 328 |
|
Subtotal |
85.6 |
1.3 |
3 491 |
|
585.4 |
1.0 |
18 696 |
|
22 187 |
|
|
|
Projects |
|
Blagodatnoe |
3.1 |
2.5 |
246 |
|
98.9 |
2.4 |
7 721 |
|
7 967 |
|
Natalka |
163.9 |
1.74 |
9 166 |
|
626.9 |
1.52 |
30 543 |
|
39 709 |
|
Verninskoe |
- |
- |
- |
|
31.5 |
2.2 |
2 248 |
|
2 248 |
|
Olenye |
- |
- |
- |
|
0.4 |
7.4 |
100 |
|
100 |
|
Titimukhta |
- |
- |
- |
|
8.2 |
4.2 |
1 102 |
|
1 102 |
|
Subtotal |
167 |
1.75 |
9 412 |
|
765.9 |
1.7 |
41 714 |
|
51 126 |
|
|
202.6 |
1.98 |
12 903 |
|
1351.3 |
1.4 |
60 410 |
|
73 313 |
|
Total |
19.3 |
5.0 |
3 131 |
|
79.8 |
3.7 |
9 616 |
|
12 747 |
|
|
|
|
|
Inferred |
|
|
|
|
|
|
|
|
|
Ore (‘000 tonnes) |
Grade per tonne |
Gold content (‘000 oz) |
|
|
|
|
|
|
|
|
|
Existing operations |
|
Olympiada |
37.2 |
3.1 |
3 666 |
|
|
|
|
|
|
|
Kuranakh |
7.3 |
1.5 |
346 |
|
|
|
|
|
|
|
Zapadnoe |
1.7 |
3.4 |
181 |
|
|
|
|
|
|
|
Lenzoloto |
29.21 |
0.62 |
520 |
|
|
|
|
|
|
|
Subtotal |
105.5 |
1.4 |
4 713 |
|
|
|
|
|
|
|
|
|
Projects |
|
Blagodatnoe |
37.5 |
2.4 |
2 891 |
|
|
|
|
|
|
|
Natalka |
472.4 |
1.42 |
21 538 |
|
|
|
|
|
|
|
Verninskoe |
4.4 |
3.1 |
446 |
|
|
|
|
|
|
|
Olenye |
0.7 |
6.9 |
150 |
|
|
|
|
|
|
|
Titimukhta |
1.2 |
5.2 |
191 |
|
|
|
|
|
|
|
Subtotal |
516.2 |
1.5 |
25 216 |
|
|
|
|
|
|
|
|
621.7 |
1.5 |
29 929 |
|
|
|
|
|
|
|
Total inferred |
37.2 |
3.1 |
3 666 |
|
|
|
|
|
| |
Ore reserves according to JORC Code as of 1 January 2007
|
|
|
Proved |
|
|
|
Probable |
|
|
Total proved and |
|
Deposit |
Ore (‘000 tonnes) |
Grade per tonne |
Gold content (‘000 oz) |
|
Ore (‘000 tonnes) |
Grade per tonne |
Gold content (‘000 oz) |
|
probable gold content (‘000 oz) |
|
|
|
Existing operations |
|
Olimpiada |
19 |
4.9 |
3 005 |
|
87 |
3.6 |
10 041 |
|
13 046 |
|
Kuranakh |
- |
- |
- |
|
32 |
1.6 |
1 646 |
|
1 646 |
|
Zapadnoe |
- |
- |
- |
|
4.4 |
2.8 |
394 |
|
394 |
|
Lenzoloto |
12.51 |
0.32 |
128 |
|
104.81 |
0.52 |
1 603 |
|
1 731 |
|
Subtotal |
43.9 |
2.2 |
3 133 |
|
332.7 |
1.3 |
13 684 |
|
16 817 |
|
|
|
Projects |
|
Blagodatnoe |
3.2 |
2.5 |
254 |
|
101.8 |
2.4 |
7 826 |
|
8 080 |
|
Natalka |
242.3 |
1.3 |
10 291 |
|
883.1 |
1.1 |
30 550 |
|
40841 |
|
Verninskoe |
- |
- |
- |
|
17.1 |
3.0 |
1 657 |
|
1 657 |
|
Olenye |
- |
- |
- |
|
0.5 |
6.4 |
99 |
|
99 |
|
Titimukhta |
- |
- |
- |
|
9 |
3.7 |
1 075 |
|
1 075 |
|
Subtotal |
245.5 |
1.3 |
10 545 |
|
1 011.5 |
1.27 |
41 207 |
|
51 752 |
|
|
|
Total |
289.4 |
1.5 |
13 678 |
|
1 344.2 |
1.27 |
54 891 |
|
68 569 | |
Notes: 1 – ‘000 cubic meters (m3) 2 – grams per cubic meters (g/m3) of extracted gold
Total mineral resources and ore reserves according to JORC Code as of 1 January 2007
Classification |
Category |
Ore (‘000 tonnes) |
Grade per tonne |
Gold content (‘000 oz) |
|
|
|
Resources1 |
Measured |
202.6 |
1.98 |
12 903 |
|
|
Indicated |
1351.3 |
1.4 |
60 410 |
|
|
Total measured and indicated |
1553.9 |
1.5 |
73 313 |
|
|
|
|
Inferred |
621.7 |
1.5 |
29 929 |
|
|
|
Reserves1 |
Proved |
289.4 |
1.5 |
13 678 |
|
|
Probable |
1 344.2 |
1.27 |
54 891 |
|
|
Total proved and probable |
1633.6 |
1.3 |
68 569 | |
Notes: 1 Lenzoloto gravel volumes converted using bulk density of 2 t/m3.
The mineral resources estimated for each deposit are given for the whole deposit and include the mineral resources attributable to minority shareholders’ interests in the Polyus Gold subsidiaries.
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