Reserves and Resources

Polymetal has completed the divestment of its Russian business on 7 March 2024. Please see the relevant announcement at the link. Operating and financial results as well as other information on this website until 7 March 2024 represent the Group in its former organizational structure, i.e. including Russian business, unless otherwise stated.

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Summary Breakdown by assets

Mineral Resources and Ore Reserves as at 1 January 2023

Mineral Resources Tonnage, Mt GE grade, g/t Gold, Moz Silver, Moz Copper, Kt GE, Moz
Measured 26.9 3.6 2.5 43.3 3.3 3.1
Indicated 55.8 4.1 6.3 85.9 143.8 7.3
Measured + Indicated 82.7 3.9 8.8 129.2 147.1 10.4
Inferred 94.1 5.1 14.3 83.8 17.7 15.4
Measured + Indicated + Inferred 176.8 4.5 23.1 212.9 164.8 25.8
Ore Reserves Tonnage, Mt GE grade, g/t Gold, Moz Silver, Moz Copper, Kt GE, Moz
Proved 68.1 2.8 5.5 44.4 36.4 6.0
Probable 165.3 4.0 19.2 166.9 34.1 21.3
Proved + Probable 233.5 3.6 24.7 211.3 70.5 27.3

PGM Mineral Resources as at 1 January 2023

Mt Pd, g/t Pt, g/t Au, g/t Cu, % Pd, Moz Pt, Moz Au, Moz Cu, Kt
Measured 6.8 0.2 0.3 0.7 0.11 0.0 0.1 0.2 7.2
Indicated 140.6 0.1 0.3 0.7 0.1 0.6 1.1 3.1 142.2
Measured + Indicated 147.3 0.1 0.3 0.7 0.1 0.7 1.2 3.3 149.5
Inferred 9.2 0.1 0.2 0.7 0.1 0.0 0.1 0.2 8.2
Measured + Indicated + Inferred 156.5 0.1 0.3 0.7 0.1 0.7 1.3 3.5 157.7

Reserves and Resources as at 1 January 2023

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2019