Project

• 2008 2009

  Obtaining license

• 2010 2013

  PFS; Definition Phase

• 2014 2016

  International Phase; TEO Konditsii; Reserves approval

• 2017

  Start of engineering of the Mining and Metallurgical Plant facilities

 

License ChIT14956 TE for the right to use the subsoil for mining of copper and associated minerals

Geological exploration program implemented – 75.1 thousand rm

International FS and Technical Optimization/Value Engineering Stage completed (Fluor)

Process Design Criteria for ore processing approved

Pilot plant in the vicinity of the deposit upgraded

Laboratory and pilot plant tests in SGS  laboratories and at Udokan pilot plant in support of the selected flowsheet performed

JORC-compliant Mineral Resources and Reserves Estimate approved

Feasibility Study of Permanent Exploration Conditions approved

Estimation of copper reserves, associated components and minerals approved