The Krasnoyarsk region covers approximately 2,339,700km2 and stretches across the central part of the Russian Federation. The area is rich in various types of mineral resources, including coal, oil, gas, iron-ore, magnetite, platinum, lead, copper, nickel, graphite and other rare and precious metals and minerals. It is one of the largest and oldest gold-producing regions of Russia.
Petropavlovsk's assets in the Krasnoyarsk region include the significant Visokoe deposit and some ear;y-stage exploration licence areas. All three assets are located on the Yenisei Ridge, which is home to some of Russia’s largest and best-known gold deposits.
Visokoe has confirmed JORC-compliant Mineral Resources and Ore Reserves. Extensive exploration and test work have indicated ore at Visokoe to be non-refractory and suitable for economic processing in an RIP plant or through heap-leaching.