Polyus released PFS highlights for Sukhoi Log gold deposit; PFS CAPEX jumped 43% to $3.3 Bln compared to Scoping Study

Sukhoi Log is poised to be one of the biggest gold mines in the world

PJSC Polyus (LSE, MOEX — PLZL) (“Polyus”, or the “Company”) provides an overview of the key highlights of the Pre-Feasibility study (“PFS”) for Sukhoi Log.

The PFS has identified the preferred development approach for confirming the economic viability of Sukhoi Log, in addition to selecting key areas of the project for further in-depth analysis.

Sukhoi Log is designed as a conventional load-and-haul open pit mine utilizing electric rope shovels with a nominal payload of 100 tonnes, combined with mining trucks with a nominal payload of 300 tonnes, but the final decision will be made at the Feasibility
Study stage.

The ore will undergo primary crushing, SAG and ball milling, gravity concentration, and flotation. Gold from flotation concentrate will be recovered by CIL and electrowinning.

Initial construction capex for Sukhoi Log is now forecast at $3.3 billion, exceeding the Scoping Study estimate of $2.3 billion.

With the Pre-Feasibility study now complete, Sukhoi Log is progressing to the Feasibility Study stage (“FS”).

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