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Polyus Gold / Investor Relations / Reportsprint version

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.

Mineral resources and ore reserves of the Titinukhta gold deposit, Severo-Yeniseysk area, Krasnoyarsk region RF. July 2008
Download in PDF (2,3 Mb)

Micon report on Chertovo Koryto deposit. January 15, 2008.
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Micon report on Natalka deposit. July, 2007.
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Polyus Gold Reserves and Resources by JORC Code as of 1st January 2006.
Download in PDF (85 Кb)

SRK Consulting Audit Report of Nezhdaninskoe Deposit. February, 2006.
Download in PDF (405 Кb)

SRK Consulting Audit Report of Kuranakh Ore Field. February, 2006.
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SRK Consulting Audit Report of Kyutchus Deposit. February, 2006.
Download in PDF (158 Кb)

Micon International Audit Report of Olimpiada and Blagodatnoe Deposits. May, 2006.
Download Part 1 in PDF (3,4 Mb)
Download Part 1 in PDF (1,3 Mb)

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