Polymetal: Acquisition of the controlling stake in the Baksy property in Kazakhstan (1676411)
10 7월 2023 - 7:30PM
UK Regulatory
Polymetal International plc (POLY)
Polymetal: Acquisition of the controlling stake in the Baksy property in Kazakhstan
10-Jul-2023 / 13:30 MSK
=----------------------------------------------------------------------------------------------------------------------
Release time IMMEDIATE LSE, MOEX, AIX: POLY
ADR: AUCOY
Date 10 July 2023
Polymetal International plc Acquisition of the controlling stake
in the Baksy property in Kazakhstan
Polymetal International plc (the "Company" or "Polymetal") has
increased its interest in the Baksy property to 75% by exercising
its option to buy out one of the project's shareholders.
Polymetal announces that it has exercised its option to increase
its effective interest in the Baksy project from 7.5% to 75%.
State-owned JSC Kazgeology owns the remaining 25%.
"Baksy fits Company's strategy of focusing on copper-gold assets
and expanding presence in Kazakhstan. We plan to continue active
exploration and expect the JORC-compliant ore reserve estimate and
positive production decision in 2024 ", said Vitaly Nesis, Group
CEO of Polymetal International plc.
PROJECT OVERVIEW
In 2019, Polymetal acquired an indirect 7.5% interest in the
project and was granted an option to increase its interest to 75%
by providing exploration funding through issuing loans. During
2019-2022, Polymetal completed 20 km of diamond core drilling at
the project, representing 122 holes in total, and 3,000 m3 of
trenches.
The Baksy overall licence area comprises 776 km2 and is located
300 km from the Polymetal-owned Varvara processing plant, in the
North Kazakhstan region. The area has excellent industrial
infrastructure with power lines and railway spur immediately
adjacent to license boundaries.
Mineralisation is located within the external contact of a large
granitic intrusion and comprises high-grade skarns as well as
disseminated stockwork. Geological structure of the Baksy license
area represents many characteristics typical of large-scale
copper-gold deposits.
Exploration historically focused on several smaller peripheral
areas with high-grade mineralization, which is typical for the
immediate surroundings of large-scale disseminated mineralization.
Further exploration efforts will focus on both identifying
additional high-grade areas as well as testing economic potential
of large-scale lower-grade central area.
The preliminary internal (non-JORC compliant) resource estimate
of the prospected area is as follows:
Cu grade, Au grade, Cu content, Au content,
Tonnage, Kt %
g/t Kt Koz
768 1.9 2.8 14.3 68.1
Enquiries
Investor Relations
Polymetal ir@polymetalinternational.com
Evgeny Monakhov +44 20 7887 1475 (UK)
+7 717 261 0222 (Kazakhstan)
Kirill Kuznetsov
FORWARD-LOOKING STATEMENTS
This release may include statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements speak only as at the date of this release. These
forward-looking statements can be identified by the use of
forward-looking terminology, including the words "targets",
"believes", "expects", "aims", "intends", "will", "may",
"anticipates", "would", "could" or "should" or similar expressions
or, in each case their negative or other variations or by
discussion of strategies, plans, objectives, goals, future events
or intentions. These forward-looking statements all include matters
that are not historical facts. By their nature, such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors beyond the company's
control that could cause the actual results, performance or
achievements of the company to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. Such forward-looking statements are
based on numerous assumptions regarding the company's present and
future business strategies and the environment in which the company
will operate in the future. Forward-looking statements are not
guarantees of future performance. There are many factors that could
cause the company's actual results, performance or achievements to
differ materially from those expressed in such forward-looking
statements. The company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the company's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statements
are based.
-----------------------------------------------------------------------------------------------------------------------
Dissemination of a Regulatory Announcement, transmitted by EQS
Group. The issuer is solely responsible for the content of this
announcement.
-----------------------------------------------------------------------------------------------------------------------
ISIN: JE00B6T5S470
Category Code: MSCM
TIDM: POLY
LEI Code: 213800JKJ5HJWYS4GR61
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 256652
EQS News ID: 1676411
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1676411&application_name=news
(END) Dow Jones Newswires
July 10, 2023 06:30 ET (10:30 GMT)
Polymetal (LSE:POLY)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Polymetal (LSE:POLY)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025
