|Location||Republic of Bashkortostan, Russia|
|Partner||Rosgeology JSC (Rosgeo)|
The prospect area Novopetrovskaya is located in Khaybullinsky district of the Republic of Bashkortostan. In August 2020, Polymetal acquired 75% interest in the project and holds an option to earn a further 25% stake excercisable within 7 years following the Russian statutory reserve estimate (GKZ). Polymetal provides exploration funding via shareholder loans. 100 km of drilling is planned to be completed resulting in JORC-compliant Mineral Resource estimate in 2023.
In April 2021 Polymetal acquired 75% interest in the project at Sagitovskaya license area on similar terms.
Exploration is aimed at discovering a copper-zinc-pyrite deposit. The prospected area is located in an established region, in close proximity of Yubileyny and Vishnevsky VMS deposits.
Rosgeo carried out exploration work on the Novopetrovskaya area in
In 2020, the JV carried out permitting and exploration planning activities.
The exploration campaign on an area of 28 km2 identified significant copper and zinc resources, as well as gold and silver potential resources.
31 km of exploration drilling works are planned for 2021.