Albyn is the Group’s youngest, most prospective mine, commissioned in 2011.
The Group acquired its ﬁrst licence for Albyn in 2005, when the project area was still a greenﬁeld site. The project was subsequently explored, developed and built using in house expertise. Late in 2010 and 2013, three adjacent licenses were acquired – also as greenﬁeld sites, making the total project area 1,160km². Subsequent exploration identiﬁed two substantial satellite deposits: Elginskoye and Unglichikanskoye, where total R&R potential is preliminarily assessed at over 100 tonnes (GKZ).
Albyn’s RIP plant was commissioned in the fourth quarter of 2011 and has since produced c.570koz of gold up to 31 December 2015. As at 31 December 2015, the Albyn project – including its satellites, had 5.0Moz of Mineral Resources, of which c.1.4Moz were Ore Reserves. Large areas adjacent to the mine remain under explored and Group geologists consider Albyn to be highly prospective for further, signiﬁcant gold discoveries.
Deposit type: Hard rock with non refractory ore.
Mining: Open pit.
Processing: RIP plant on site.
Development history: Acquired in 2005 as a greenﬁeld project. Explored, developed and commissioned in house.
Reserves and resources: 1.4Moz of Ore Reserves and 5.0Moz of Mineral Resources.