Polus · RUS:PLZL

Polus — Polyus Gold — Adam Smith Institute's 2nd International CIS Precious Metals Summit 2007

14 slides from Polus's conference presentation, Feb 15, 2007

  1. Slide 1: Polyus Gold: Successful Exploration Strategy – Discovering Russia's Largest Gold Deposits

    Moscow, 15 February, 2007 Adam Smith Institute’s 2nd International CIS PRECIOUS METALS SUMMIT POLYUS GOLD: SUCCESSFUL EXPLORATION STRATEGY DISCOVERING RUSSIA’S LARGEST GOLD DEPOSITS EVGUENI IVANOV, CEO

  2. Slide 2: Disclaimer

    DISCLAIMER The information contained herein has been prepared using information available to Polyus Group at the time of preparation of the presentation. External or other factors may have impacted on the business of Polyus Group and the content of this presentation, since its preparation. In additi

  3. Slide 3: Polyus Gold: Overview

    POLYUS GOLD: OVERVIEW Russia’s largest gold miner – 23% market share by production output Shares listed on RTS, MICEX; ADRs listed in London on LSE (main board) and traded on the OTC market in the US Market cap as of February 2007 – over $9 billion Operations in five major gold mining regions of Rus

  4. Slide 4: The Largest Exploration Portfolio in Russia

    THE LARGEST EXPLORATION PORTFOLIO IN RUSSIA 20 greenfield/ brownfield projects in 5 leading gold mining regions of Russia Prospecting Exploration Olimpiada ПОИСКОВО-ОЦЕНОЧНАЯ Panimba Titimukhta Krasnoyarsk СТАДИЯRegion Zyryanovskii ~ 3-5 лет Blagodatnoye Razdolinskii Quartz Mountain Magadan Region D

  5. Slide 5: Pipeline of Successful Projects

    PIPE-LINE OF SUCCESSFUL PROJECTS … 2005: Listing with the State Reserves Committee of Blagodatnoye reserves. First large-scale exploration project in Russia in last 15 years. Replenished Krasnoyarsk Region’s gold mined by Polyus in 25 years 2006: Listing with the State Reserves Committee of Natalka

  6. Slide 6: Proved by International Audit

    … PROVED BY INTERNATIONAL AUDIT October 2006*** P F P& JORC E O AS RESERVES C RE 4 X IN 50.8 January 2006** mln. oz JORC January 2005* RESERVES 25.1 Exploration JORC mln. oz RESERVES at Natalka 13.3 Discovery 23.1 mln. oz of Blagodatnoye mln. oz 8.1 mln. oz * As audited by SRK Consulting in 2006 **

  7. Slide 7: Natalka: Successful Completion of the Large Scale Exploration Project

    NATALKA: SUCCESSFUL COMPLETION OF THE LARGE SCALE EXPLORATION PROJECT Located in Magadan region, underground KUBAKA mine since 1945 2003: the license holder acquired from the DUKAT Government for US$34.5 million 2004: production shut down to make a way NATALKA to a large scale exploration effort 200

  8. Slide 8: Natalka Area and Pit Outline

    NATALKA AREA AND PIT OUTLINE 8

  9. Slide 9: Natalka Discovery: Russia's Largest

    NATALKA DISCOVERY: RUSSIA’S LARGEST … Large scale exploration programme resulted in listing with GKZ Rosnedra (State Commission on Reserves Evaluation)*, of 1500 tonnes (48 mln oz) of balance reserves (Russian classification). January 2007 GKZ listed reserves and scoping study: Grade 1.7 g/t Balance

  10. Slide 10: And World's #3 Gold Deposit

    … AND WORLD’S #3 GOLD DEPOSIT # Deposit / Group of Country Owner P&P Reserves By-product / Status Deposits Co-product Grade, g/t Gold, mln oz 1 Grasberg Indonesia Freeport-McMoran 0,9 83,5 Copper In production 2 Muruntau Uzbekistan Navoy GMK 2,5 48,2 In production 3 Natalka* Russia Polyus Gold 1,7 4

  11. Slide 11: Natalka: Next Stages of the Project

    NATALKA: NEXT STAGES OF THE PROJECT Development of Pre-Feasibility (PFS) and Feasibility (FS) studies: Pre-Feasibility, Feb 2007 – 1H 2007 Feasibility, 2H 2007 – 1H 2008 International tender on the development of PFS and FS was hold, consortium of the experienced contractors was tendered New audit o

  12. Slide 12: Chertovo Koryto: New Discovery in Irkutsk Region

    CHERTOVO KORYTO: NEW DISCOVERY IN IRKUTSK REGION The license holder acquired in 2004 for $35 mln. Balance Reserves as at 1.01.07 (Russian C2 category) - 4.4 tonnes Exploration programme started in 2005, the total budget - $7.5 m. Ore body identified; operating reserves – 53 – 113 tonnes at the avera

  13. Slide 13: Russia's Largest Gold Deposits

    RUSSIA’S LARGEST GOLD DEPOSITS Rank Deposit Owner Grade, g/t Reserves, m oz* 1 Natalka Polyus Gold 1,7 48 2 Sukhoi Log State owned 2,7 33 3 Nezhdaninskoye Polyus Gold 5 15 4 Olimpiada Polyus Gold 3,9 12 5 Blagodatnoe Polyus Gold 2,4 7 6 Mayskoe Highland Gold 16,3 4 7 Kyutchus Polyus Gold 9,8 4 8 Kup

  14. Slide 14: Polyus Gold: Unique Track Record in the Russian Exploration

    POLYUS GOLD: UNIQUE TRACK RECORD IN THE RUSSIAN EXPLORATION Discovering large hard gold deposits on the territory of the RF Efficient exploration (low costs): Blagodatnoye – $0.8 per oz Natalka – $3.2 per oz Chertovo Koryto – $3.7 per oz Large-scale geological parties (experienced people, state-of-t

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