Polymetal announces initial JORC-compliant Ore Reserve estimate for Prognoz of 142 Moz of silver ('Ag') at 560 g/t.
'The estimate confirms that Prognoz is one of the best silver development projects globally', said
HIGHLIGHTS
The initial JORC-compliant open-pit Ore Reserve estimate as at
Reserve estimate is based on
Mineral Resources additional to Ore Reserves are estimated at 5.6 Mt of mineralized material with an average grade of 552 g/t for 100 Moz of silver contained.
The Preliminary Feasibility Study assumes 9 years of open-pit mining with conventional flotation flowsheet producing clean high-grade concentrate.
The Company expects average annual production of 13.5 Moz of payable silver at AISC in the range of
Total project's capital expenditures are expected to amount to
ABOUT PROGNOZ
Prognoz is the largest undeveloped primary silver deposit in
Silver-copper-lead-zinc mineralization, represented by quartz-carbonate-sulphide veins, is located in a sequence of sedimentary rocks composed of Triassic sandstones and siltstones. Nine mineralised zones are defined, with Main and Swamp being the largest. Mineralized material is partially oxidised with the depth of weathering varying widely dependent on relief and proximity of water table. The deposit lies in a mountainous region with elevations ranging from 300 m - 1,100 m above sea level. The local topographic relief in the area of the exploration ranges in elevation from 300 m to 350 m.
In
About Polymetal
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