Visokoe

The Visokoe site is located approximately 50km north-west of the village of Teya and 70km north-west of Severo-Yeniseyskiy, an area with a long history of mining. 

Mineralisation at Visokoe is confined within a single, large bulk zone 40-70m thick and with a strike length of 1.7km. The zone has been traced to a depth of approximately 440m without any indications of narrowing out. With its low strip ratio, Visokoe is well suited for low-cost and highly productive open-pit mining.

Exploration and other technical work completed at Visokoe during 2011 allowed the Group to define JORC-compliant Ore Reserves and to significantly improve its mineral resource position. The Group’s specialists are finalising the development plan for this asset, considering processing either through an RIP plant or heap-leach operations. This work is expected to be finalised during the course of 2012.

The first production from the Visokoe deposit is currently scheduled for the short to medium-term.