Investor Presentaiton
Varvarinskoye
Asset
• Large gold/copper deposit located in established mining
district with excellent infrastructure and significant
exploration potential
• Turnaround plan formulated:
•
- Strengthen grade control program
- Additional investment in mining equipment to catch up with
insufficient waste stripping
- Streamlining and optimization of processing operations
An opportunity to significantly improve operation economics
through production increase and lower costs
Reserves and Resources
2P
MI&I
Ore tonnes
(Mt)
Au grade Au (moz)
(g/t)
Cu grade
(%)
Cu (M lb)
36
1.1
1.3
0.7
151
92
1.1
3.1
0.3
313
Strategic rationale
.
Entry into Kazakhstan - one of the most attractive gold mining regions in the former Soviet Union
with many further attractive targets;
Acquisition of a large modern plant, located in the region with excellent infrastructure, cheap
energy, and highly prospective geological settings.
•
Tremendous reserve growth potential after the streamlining and optimization of mining and
processing operations.
© 2009 Polymetal
14View entire presentation