Operations

Reserves and resources

Polyus reports its reserves and resources in accordance with the JORC Code 2012.

Polyus Ore Reserve Estimate
as at 31 December 2024 1,2,3

Deposit Proved Probable Total
Tonnes, Mt Gold Grade, g/t Gold, Moz Tonnes, Mt Gold Grade, g/t Gold, Moz Tonnes, Mt Gold Grade, g/t Gold, Moz
Mines in Operation
Olimpiada 45 2.0 2.9 338 2.6 27.8 383 2.5 30.7
Blagodatnoye 109 0.9 3.0 187 1.4 8.2 296 1.2 11.2
Natalka 15 1.0 0.5 185 1.5 9.2 200 1.5 9.6
Kuranakh 0 0.0 0.0 249 0.9 7.1 249 0.9 7.1
Verninskoye 17 1.2 0.7 50 1.5 2.4 68 1.4 3.1
Key Growth Projects
Sukhoi Log 11 0.9 0.3 626 2.1 43.2 637 2.1 43.5
Total 198 1.2 7.4 1,635 1.9 97.9 1,833 1.8 105.2

Polyus Mineral Resource Estimate as at 31 December 2024 4,5,6,7

Deposit Measured Indicated Inferred Total
Tonnes, Mt Gold Grade, g/t Gold, Moz Tonnes, Mt Grade, g/t Tonnes, Mt Gold Grade, g/t Gold, Moz Tonnes, Mt Tonnes, Mt Tonnes, Mt Gold Grade, g/t
Mines in Operation
Olimpiada 45 2.0 2.9 410 3.0 39 128 3.0 12 584 2.9 55
Blagodatnoye 109 0.9 3.0 411 1.2 16 133 1.1 4.6 653 1.1 24
Natalka 15 1.0 0.5 490 1.4 22 97 1.5 4.8 602 1.4 28
Kuranakh 0.0 0.0 0.0 290 0.9 8 196 0.7 4.7 485 0.8 13
Verninskoye 17 1.2 0.7 218 1.4 10 81 1.7 4.4 317 1.5 15
Key Growth Projects
Sukhoi Log 11 0.9 0.3 735 2.0 48 684 1.5 33 1,431 1.8 81
Total 198 1.2 7 2,555 1.8 144 1,319 1.5 64 4,072 1.6 215

1Any minor discrepancies for sums in the table are related to rounding.

2At forecast gold price of US1,600/oz for all deposits with new models of Mineral Resource/Ore Reserve of 2024-2025 with new mining studies.

3Ore Reserve Estimate does not include exploration-stage projects.

4The estimates for all deposits are presented on a 100% ownership basis.

5Any minor discrepancies for sums in the table are related to rounding.

6At forecast gold price of US1,900/oz for all deposits with new Mineral Resource models of 2024-2025.

7Mineral Resource Estimate does not include exploration-stage projects