Reserves and Resources

In the light of recent developments, and in the interests of preserving shareholder value, the Board and the Special Committee have decided to consider all possible options available for divestment of JSC Polymetal and its subsidiaries.

More details

Find latest Mineral Resources and Ore Reserves updates here

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

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	4.7	0.3	185	-	2.8	52	27.8	-	413
Lunnoye	1.3	1.5	180	-	3.8	61	7.4	-	159
Perevalnoye	0.6	-	325	-	4.3	-	6.5	-	87
Primorskoye	0.1	5.6	1 340	-	22.5	21	5.0	-	84
Total	6.7	-	-	-	3.4	134	46.8	-	743
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	4.5	0.8	408	-	6.1	111	58.9	-	876
Lunnoye	2.0	1.5	356	-	6.1	95	23.0	-	398
Perevalnoye	0.2	-	360	-	4.8	-	2.4	-	32
Primorskoye	0.1	6.3	1.6	-	27.8	18	4.7	-	81
Total	6.8	-	-	-	6.3	224	89.0	-	1,386

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	56.2	5.2	-	-	5.2	9,329	-	-	9,329
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	16.8	4.1	-	-	4.1	2,220	-	-	2,220

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	1.4	4.0	7	-	4.0	182	0.3	-	186
Tsokol Kubaka	0.2	3.3	6	-	3.4	18	0.0	-	18
Burgali	0.9	8.9	20	-	9.1	250	0.6	-	256
Nevenrenkan	0.6	6.8	505	-	11.3	121	8.9	-	201
Total	3.0	-	-	-	6.8	571	9.9	-	661
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
Birkachan	3.5	3.3	8	-	3.4	368	0.9	-	378
Tsokol Kubaka	0.1	7.0	8	-	7.1	31	0.0	-	31
Burgali	0.9	10.2	19	-	10.4	290	0.5	-	296
Nevenrekan	0.1	7.9	410	-	11.6	30	1.6	-	45
Kegali	0.4	6.7	98	-	7.9	86	1.3	-	101
Tumanin	0.3	8.4	76	-	9.4	69	0.6	-	77
Total	5.3	-	-	-	5.5	875	4.9	-	928

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
Albazino	9.5	3.7	-	-	3.7	1,147	-	-	1,147
Kutyn	8.3	3.2	-	-	3.2	844	-	-	844
Total	17.8	-	-	-	3.5	1,991	-	-	1,991
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
Albazino	12.6	4.6	-	-	4.6	1,859	-	-	1,859
Talgiy	8.1	3.7	-	-	3.7	960	-	-	960
Kutyn	4.6	4.5	-	-	4.5	663	-	-	663
Total	25.3	-	-	-	4.3	3,482	-	-	3,482

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	7.7	7.0	-	-	7.0	1,753	-	-	1,753
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	11.3	9.1	-	-	9.1	3,282	-	-	3,282

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	3.7	2.8	-	-	2.8	328	-	-	328
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	3.2	1.4	-	-	1.4	139	-	-	139

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	5.9	1.5	3	-	1.6	288	0.6	-	292
Maminskoye	10.3	2.5	-	-	2.5	815	-	-	815
Saum	0.7	2.0	46	2.6	2.4	42	0.1	16.9	50
Pesherny	2.6	4.7	-	-	4.7	385	-	-	385
Galka	0.7	2.8	89	1.91	3.4	60	1,938	12.94	74
Tamunier	0.5	3.9	8	-	3.9	65	138	-	67
Total	20.6	-	-	-	2.5	1,055	3.7	29.9	1,067
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	0.5	0.7	2	-	0.7	11	31	-	12
Maminskoye	3.2	2.4	-	-	2.4	249	-	-	249
Saum	0.1	1.7	46	1.48	2.0	5	130	1.3	6
Pesherny	0.3	4.7	-	-	4.7	39	-	-	39
Galka	0.2	2.5	81	2.08	3.3	14	0.5	1.25	18
Tamunier	0.1	3.0	12.16	-	3.1	7	0.0	-	7
Pavlov	6.9	2.6	1.04	-	2.6	568	0.2	-	571
Andrei	1.8	2.9	4.45	-	2.9	162	0.3	-	165
Total	13.0	-	-	-	2.6	1,6	1.1	2.6	1.067

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	19.0	0.9	-	0.5	0.9	551	-	40.6	551
Komar	19.9	1.6	-	-	1.6	996	-	-	996
Elevator	10.9	1.2	-	-	1.2	421	-	-	421
Total	49.8	-	-	-	1.2	1,967	-	40.6	1,967
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	8.7	1.1	-	0.57	1.1	299	-	9.7	299
Komar	7.5	1.9	-	-	1.9	458	-	-	458
Elevator	4.7	1.6	-	-	1.6	240	-	-	240
Total	20.8	-	-	-	1.5	997	-	9.7	997

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
Nezhda	40.6	3.5	20	-	3.7	4,596	26.0	-	4,818
Prognoz	8.5	-	460	-	6.1	-	125.1	-	1,667
Total	49.0	-	-	-	4.1	4,596	151.0	-	6,486
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
Nezhda	57.3	4.8	11	-	4.9	8,771	19.7	-	8,940
Prognoz	3.9	0.0	709	-	9.5	-	88.2	-	1,176
Total	61.2	-	-	-	5.1	8,771	107.9	-	10,116

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	19.0	3.9	-	-	3.9	2,407	-	-	2,407
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	7.8	4.5	-	-	4.5	1,120	-	-	1,120

Reserves and Resources

Mineral Resources and Ore Reserves as at 1 January 2023

PGM Mineral Resources as at 1 January 2023

Reserves and Resources as at 1 January 2023