The Elginskoye deposit is located approximately 25km south of the Albyn plant. Gold mineralisation there is concentrated within a series of flat dipping mineralised zones located close to the surface, and is suitable for low cost open pit mining. The mineralisation has been proven to a strike length of more than 5km and remains open in south east and south west directions. Metallurgical tests show that the gold is predominantly non refractory.

Elginskoye was discovered by the group in 2011, and by the end of 2012 a large Inferred resource had been established there. More drilling completed in 2015 and 2016 together with a feasibility study finished in Q1 2017 led to the estimate of 1.23Moz of JORC Probable Ore Reserve (in 32.7Mt of ore and an average grade 1.18g/t) at Elginskoye, a 340% increase from the 2016 figure. Ore from Elginskoye is expected to be transported to the Albyn plant for processing.

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Elginskoye

Elginskoye Mineral Resource and Ore Reserve Estimate (as of 31/12/2015, In accordance with JORC Code 2012, WAI April 2016)
Mineral ResourceOre Reserve
CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)CategoryTonnage (Mt)Avg. Grade (g/t)Contained Metal (Moz)
Indicated 58.9 0.81 1.54 Probable 9.57 0.91 0.28
Inferred 59.6 0.73 1.41        

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