Promising areas and prospects

Area: Yuzhno-Norilskaya

Minerals: copper-nickel sulphide ores.

Location: Krasnoyarsk Territory, Taimyrsky Dolgano-Nenetsky Municipal District.

In 2019, the Company obtained exploration licences for the Morongovsky and Yuzhno-Yergalakhsky copper-nickel sulphide ore prospects within the Yuzhno-Norilskaya area. In 2021–2022, prospecting of the areas was completed, including prospecting drilling. A preliminary estimate of the resource potential is currently being prepared. After laboratory tests are completed in 2023, a report on the area’s potential and an opinion on further prospecting will be prepared.

Area: Mikchangdinskaya

Minerals: copper-nickel sulphide ores.

Location: Krasnoyarsk Territory, Taimyrsky Dolgano-Nenetsky Municipal District.

In 2019–2020, the Company obtained exploration licences for the Neralakhsky, Yuzhno-Neralakhsky, Snezhny, Yuzhno-lkensky, and Medvezhy prospects within the Mikchangdinskaya area. Prospecting drilling conducted in 2021 confirmed that the area has a potential for containing copper-nickel sulphide ores. In 2022, the Company decided to continue prospecting drilling, to be completed in 2023–2024.

Area: Arylakhskaya

Minerals: copper-nickel sulphide ores.

Location: Krasnoyarsk Territory, Taimyrsky Dolgano-Nenetsky Municipal District.

In 2020, the Company obtained exploration licences for the Yttakhsky, Samoyedsky and Mastakh-Salinsky prospects within the Arylakhskaya area. In 2021–2022, prospecting drilling was completed at prospects identified by geophysical and geochemical prospecting across areal zones. In 2023, after the ongoing laboratory tests are completed, a report on the area’s potential and an opinion on further prospecting will be prepared.

Area: Alenuyskaya

Minerals: gold-copper porphyry ores.

Location: Zabaykalsky Territory, Alexandrovo-Zavodsky District.

In 2020, the Company obtained exploration licences for the Severo-Alenuysky and Yuzhno-Alenuysky prospects within the Alenuyskaya area. In 2022, prospecting drilling was completed at prospects identified by geophysical and geochemical prospecting across areal zones, confirming signs of copper porphyry mineralisation that extends beyond the licence area. The Company applied for a subsoil licence for the adjacent Tsentralno-Alenuyskaya area, with plans to continue prospecting in 2023.

Area: Mostovskaya

Minerals: gold-silver ores, copper ore, molybdenum ore.

Location: Zabaykalsky Territory, Mogochinsky District.

In 2020, the Company obtained exploration licences for the Zapadno-Mostovsky and Vostochno-Mostovsky prospects within the Mostovskaya area. In 2022, prospecting drilling was completed at prospects identified by geophysical and geochemical prospecting across areal zones. In 2023, after the ongoing laboratory tests are completed, a report on the area’s potential and an opinion on further prospecting will be prepared.

Area: Dogyinskaya

Minerals: gold-copper and gold-silver ores.

Location: Zabaykalsky Territory, Gazimuro-Zavodsky District.

In 2021, the Company obtained exploration licences for the Severo-Dogyinsky and Yuzhno-Dogyinsky prospects within the Dogyinskaya area. In 2022, the Company conducted geophysical and geochemical prospecting across areal zones and identified drilling targets to confirm the geology. Started in 2022, the drilling campaign will continue in 2023. A report on the area’s potential will be prepared based on drill results from the drilling campaign.

Area: Shamyanskaya

Minerals: gold ore, copper-molybdenum ore.

Location: Zabaykalsky Territory, Zabaykalsky District.

In 2021 and 2022, the Company obtained exploration licences for the Zapadno-Shamyansky, Tsentralno-Shamyansky and Vostochno-Shamyansky prospects within the Shamyanskaya area. In 2022, the Company conducted geophysical and geochemical prospecting across areal zones and identified drilling targets to confirm the geology in 2023.