Unglichkanskoye is an Albyn satellite deposit located 15km north west of the Albyn RIP plant. Unglichkanskoye comprises a series of parallel, high grade steep dipping relatively narrow veins and zones with grades in selected samples up to 3,430.1g/t Au. Metallurgical tests demonstrate that Unglichkanskoye’s high grade mineralisation tends to respond well to cyanide leaching; Group geologists therefore believe that it should be suitable for processing through the nearby Albyn RIP plant. The lower grade mineralisation, which is not always suitable for cyanidation, may require more sophisticated processing.

A small amount of ore mined from Unglichkan was transported to the Albyn plant for treatment in 2014 and 2015, proving Unglichkan is a suitable source of ore for the plant.

Further drilling was completed at Unglichkan during 2016 to improve confidence in the south cluster of the orebodies.  It identified additional previously unknown zones of mineralisation that are yet to be reflected in the JORC Resource and Reserve statements. Group geologists believe further exploration can prove the feasibility of underground mining at Unglichkan and reveal further gold reserves near the surface for open pit extraction, potentially increasing the mine life of Unglichkan, as well as its output.


Unglichkan

Unglichkan 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 18.9 0.89 0.53 Probable 14.1 0.92 0.41
Inferred 9.0 0.84 0.25        

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