Growth projects

Deposit: Bystrinsko-Shirinskoye

Minerals: gold ore.

Location: Zabaykalsky Territory, Gazimuro-Zavodsky Municipal District.

In 2022, a feasibility study of permanent exploratory standards and the reserve statement were completed for the deposit, with the results submitted in December 2022 for a state expert review.

Deposit: Bugdainskoye

Minerals: molybdenum and associated elements.

Location: Zabaykalsky Territory, Alexandrovo-Zavodsky Municipal District.

The deposit’s mineral reserves were included into the State Register of Mineral Reserves in 2007. In 2014, Nornickel halted the development of the Bugdainskoye deposit for three years amid a low-price environment across the global molybdenum market and in 2017 extended the suspension of operations for another five years, until 31 December 2022.

B + C1 + C2 mineral reserves
Reserves
Total ore 813 mln t
Mo 600 kt
Au 360 koz
Ag 6,221
Pb 41 kt

Deposit: Western flank of the Oktyabrskoye deposit

Minerals: copper-nickel sulphide ores.

Location: Krasnoyarsk Territory, Norilsk. Geologically, the deposit is part of the Talnakh Ore Cluster.

Licensed for prospecting in 2017, the area shares a boundary with the earlier licensed mining area at the Oktyabrskoye deposit. In 2022, appraisal was started at the Zapadny section, where prospecting had earlier confirmed the presence of copper-nickel ores, suggesting potential for reserve additions of 500 kt in high-grade ores, 2,140 kt in cuprous ores and 546 kt in disseminated ores. Plans for 2023 include securing a state expert review and a reserve statement approval.

Deposit: flanks of the Bystrinskoye deposit

Minerals: lode gold, iron ore, copper ore.

Location: Zabaykalsky Territory, Gazimuro-Zavodsky Municipal District.

Licensed for prospecting in 2021, the area shares a boundary with the earlier licensed exploration and mining area at the Bystrinskoye deposit. In 2022, to grow the gold-iron-copper ore and gold ore reserves in its the mineral resource base, the Company launched exploration phase activities and conducted surface geophysical and geochemical prospecting over the area. Further plans include drilling the identified targets, followed by a resource estimate against provisional exploratory standards. According to a preliminary estimate, the deposit flanks have a potential for reserve additions of 368 kt in copper and 32 tonnes in gold.

Deposit: Maslovskoye

Minerals: copper-nickel sulphide ores.

Location: Krasnoyarsk Territory, Norilsk. Geologically, the deposit is part of the Norilsk Ore Cluster.

The Company obtained the licence to explore and mine the Maslovskoye deposit upon its discovery in 2015.

A feasibility study of permanent exploratory standards and a reserve statement for the Maslovskoye deposit were approved by the State Commission for Mineral Reserves, and its copper-nickel ore reserves were included into the State Register of Mineral Reserves.

B + C1 + C2 mineral reserves
Reserves Metal grade
Total ore 206.8 mln t
Pd 33,087 koz 5.0 g/t
Pt 13,040 koz 2.0 g/t
Au 1,268 koz 0.2 g/t
Ni 711 kt 0.3 %
Cu 1,098 kt 0.5 %
Co 26 kt 0.01 %