Polyus Gold International - Mineral Resource Estimation Polyus Gold International - Mineral Resource Estimation

Polyus Gold International - Mineral Resource Estimation

The largest gold producers in Russia, Polyus Gold International are also one of the top ten gold miners globally by ounces produced. As part of their portfolio they operate three world class mines in the Krasnoyarsk region of Russia - Blagodatnoe, Titimukhta and Olimpiada which was ranked the fourth largest gold mine in the world in 2013.

We were asked to prepare mineral resource estimates for each of these three mines in accordance with the JORC Code as part of a larger project which also included ore reserve estimation.

Our team of technical specialists visited the sites to look at operating practices and speak to site personnel. We assessed the exploration methodology and geological interpretation as well as grade control, mining practices and processing facilities. We conducted validation of the exploration databases and based on the morphology of the deposits determined an appropriate resource estimation strategy for each. We developed validated resource models suitable for resource reporting, optimisation and pit design. The updated resource figures were included as part of the Polyus annual report to investors.