LSE: MOEX: GOLD: $

Reserves and Resources

Summary Breakdown by assets

Mineral Resources and Ore Reserves as at 1 January 2017

Mineral Resources Tonnage, Mt GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Measured 9.6 2.3 540 6 21 703
Indicated 37.5 3.5 3,342 36 76 4,167
Measured + Indicated 47.1 3.2 3,882 42 97 4,871
Inferred 89.3 4.8 12,683 51 109 13,799
Measured + Indicated + Inferred 120.9 4.8 16,566 93 207 18,671
Ore Reserves Tonnage, Mt GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Proved 61.5 2.6 4,089 91 11 5,221
Probable 98.9 4.2 13,469 72 54 14,608
Proved + Probable 160.5 3.8 17,558 163 65 19,829

PGM Mineral Resources as at 1 January 2017

PGM Mineral Resources Mt Pd, g/t Pt, g/t Au, g/t Cu, % PdEq(2), g/t Pd, Moz Pt, Moz Au, Moz Cu, Kt PdEq, Moz
Indicated 27 0.6 0.2 0.1 0.1 1.4 0.5 0.1 0.1 29.6 1.3
Inferred 186 0.6 0.2 0.1 0.1 1.3 3.6 1.1 0.7 190.8 8.1
Indicated+Inferred 213 0.6 0.2 0.1 0.1 1.3 4.2 1.4 0.9 220.6 9.5

Reserves and Resources as at 1 January 2017

Dukat hub
Ore reserves Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Dukat 9.1 0.6 330 - 4.5 178 96.3 - 1,325
Lunnoye 3.0 1.4 281 - 4.8 132 26.8 - 464
Goltsovoye 0.5 - 404 - 5.2 - 6.0 - 77
Arylakh 0.7 0.8 373 - 5.4 18 8.4 - 122
Perevalnoye 0.4 - 428 - 5.9 - 4.9 - 67
Total 13.6 - - - 4.7 329 142.4 - 2,054
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Dukat 0.5 1.9 833 - 11.8 27 11.9 - 169
Lunnoye 0.2 1.8 346 - 6.0 13 2.6 - 46
Goltsovoye 0.2 - 1,015 - 13.0 - 7.1 - 91
Arylakh 0.1 0.9 639 - 8.7 2 1.8 - 24
Perevalnoye 0.0 - 564 - 7.7 - 0.4 - 5
Primorskoye 0.5 4.0 1,216 - 19.6 64 19.2 - 311
Total 1.5 - - - 13.3 106 43.0 - 645
Omolon hub
Ore Reserves Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Birkachan 5.9 3.1 10 - 3.2 594 2.0 - 617
Sopka Kvartsevaya 2.9 1.5 67 - 2.3 145 6.2 - 213
Oroch 0.8 3.7 163 - 5.8 97 4.3 - 154
Olcha 0.4 8.6 22 - 8.8 113 0.3 - 116
Dalneye 1.1 1.9 28 - 2.2 70 1.0 - 78
Tsokol Kubaka 0.7 7.5 10 - 7.6 164 0.2 - 166
Burgali 0.5 7.0 30 - 7.2 119 0.5 - 123
Total 12.4 - - - 3.7 1,300 14.5 - 1,466
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Sopka Kvartsevaya 0.4 3.2 139 - 4.8 37 1.6 - 55
Oroch 0.4 4.9 403 - 10.2 68 5.5 - 141
Olcha 0.2 10.0 44 - 10.5 53 0.2 - 56
Tsokol Kubaka 0.1 9.3 17 - 9.5 22 0.0 - 22
Burgali 0.1 11.9 15 - 12.0 21 0.0 - 21
Irbychan 0.3 9.6 194 - 12.0 78 1.6 - 98
Yolochka 0.2 11.1 10 - 11.2 85 0.1 - 86
Nevenrekan 0.2 8.0 832 - 16.5 50 5.2 - 102
Total 1.8 - - - 10.3 414 14.2 - 582
Albazino
Ore Reserves Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Total 14.9 4.2 - - 4.2 2,032 - - 2,032
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Total 9.9 5.3 - - 5.3 1,665 - - 1,665
Mayskoye
Ore Reserves Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Total 6.5 6.9 - - 6.9 1,429 - - 1,429
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Total 8.5 11.9 - - 11.9 3,239 - - 3,239
Okhotsk hub
Ore Reserves Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Svetloye 7.4 2.8 3 - 2.8 674 0.8 - 675
Avlayakan 0.3 13.8 103 - 15.0 137 1.0 - 148
Ozerny 0.3 1.8 28 - 2.0 17 0.3 - 19
Khakanja 0.6 1.0 83 - 1.8 18 1.6 - 34
Total 8.6 - - - 3.2 845 3.7 - 876
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Avlayakan 0.0 32.7 133 - 34.3 19 0.1 - 20
Levoberezhny 2.8 4.0 13 - 4.2 365 1.2 - 378
Kirankan 0.1 6.5 8 - 6.7 30 0.0 - 30
Maimakan-Kundumi 0.2 13.5 20 - 13.7 105 0.2 - 106
Total 3.2 - - - 5.2 518 1.5 - 534
Voro hub
Ore Reserves Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Voro 10.5 2.0 3 - 2.0 681 1.1 - 690
North Kaluga 0.3 6.7 101 5.81 16.4 70 1.1 18.9 171
Total 10.8 - - - 2.5 751 2.1 18.9 861
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Voro 0.1 2.1 4 - 2.1 7 0.0 - 7
Tamunier 4.8 4.0 11 - 4.1 618 1.7 - 626
Saum 0.8 2.5 51 2.03 6.6 67 1.4 17.1 179
Total 5.7 - - - 4.4 692 3.1 17.1 812
Varvara hub
Ore Reserves Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Varvara 25.9 1.0 - 0.48 1.2 792 - 35.8 964
Komarovskoye 15.0 1.8 - - 1.8 873 - - 873
Maminskoye 14.7 1.9 - - 1.9 913 - - 913
Tarutin 0.7 0.1 13 1.62 3.3 2 0.3 10.8 70
Dolinnoye 1.3 2.4 - - 2.4 101 - - 101
Total 57.5 - - - 1.6 2,681 0.3 46.6 2,921
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Varvara 38.2 1.1 - 0.53 1.4 1,327 - 86.2 1,742
Komarovskoye 7.2 2.2 - - 2.2 517 - - 517
Maminskoye 2.1 1.4 - - 1.4 99 - - 99
Tarutin 0.8 0.1 8 1.45 2.9 3 0.2 11.6 76
Dolinnoye 6.1 2.5 - - 2.5 494 - - 494
Total 51.4 - - - 1.8 2,440 0.2 97.8 2,927
Kapan
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Kapan 15.0 2.7 48 0.50 4.00 1,295 23.3 75.9 1,928
Lichkvaz 4.3 3.4 15 0.37 4.2 474 2.1 15.9 582
Total 19.3 - - - 4.0 1,769 25.4 91.8 2,510
Kyzyl project
Ore Reserves Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Total 29.2 7.7 - - 7.7 7,254 - - 7,254
Mineral Resources Tonnage, Mt Gold grade, g/t Silver grade, g/t Copper grade, % GE grade, g/t Gold, Koz Silver, Moz Copper, Kt GE, Koz
Total 14.2 6.8 - - 6.8 3,107 - - 3,107
Viksha (PGM)
PGM Mineral Resources Tonnes Grade Content
Mt Pd, g/t Pt, g/t Au, g/t Cu, % PdEq(2), g/t Pd, Moz Pt, Moz Au, Moz Cu, Kt PdEq, Moz
Indicated 27 0.6 0.2 0.1 0.1 1.4 0.5 0.1 0.1 29.6 1.3
Inferred 52 0.6 0.2 0.1 0.09 1.3 1.0 0.3 0.2 49.5 2.3
Indicated+Inferred 79 0.6 0.2 0.1 0.1 1.4 1.5 0.4 0.3 79.1 3.6
Kenti (PGM)
PGM Mineral Resources Tonnes Grade Content
Mt Pd, g/t Pt, g/t Au, g/t Cu, % PdEq(2), g/t Pd, Moz Pt, Moz Au, Moz Cu, Kt PdEq, Moz
Indicated+Inferred 98 0.6 0.2 0.1 0.11 1.3 1.9 0.6 0.4 109.6 4.3
Shargi (PGM)
PGM Mineral Resources Tonnes Grade Content
Mt Pd, g/t Pt, g/t Au, g/t Cu, % PdEq(2), g/t Pd, Moz Pt, Moz Au, Moz Cu, Kt PdEq, Moz
Indicated+Inferred 36 0.6 0.2 0.1 0.08 1.3 0.7 0.2 0.1 31.7 1.5