Slide 1: Blagodatnoye Mill-5 project update
Blagodatnoye Mill-5 project update DeceMBER 2020
Slide 2: Current Asset overview
Current Asset overview JORC JORC resources reserves 17.5 moz at 1.4 8.8 g/t moz at 1.3 g/t Krasnoyarsk Blagodatnoye region LTM1 volumes LTM1 Recovery of ore processed rate 25 km 9.1 mt 88.4 % Eruda LTM1 LTM1 production TCC blagodatnoye Olimpiada 1 – Production for the last twelve months 464 koz 354
Slide 3: Blagodatnoye historical expansion plans overview
Blagodatnoye historical expansion plans overview Combined throughput (Mill-4 and Mill-5) to reach Historical Mill-5 Initial project timeline 8.0-9.0 mtpa via capex-intensive construction project construction 2q 2014 — 4q 2016 8.0– 8.0– 8.0– Project Mill-5 expected launch 9.0 9.0 9.0 Estimated capex
Slide 4: Mill-4 expansion: stages 1 & 2
Mill-4 expansion: stages 1 & 2 Upgrading and debottlenecking the existing flowsheet Stage 1 2014—2017 Stage 2 2018—2019 crushing Installation of pebble crusher Installation of an ore conveyor to feed the HP-4 core crusher Modernization of the ore dressing facility Grinding Replacement of pumps with
Slide 5: Blagodatnoye complex: key milestones
Blagodatnoye complex: key milestones Mill-4 Mill-5 2009 2011 2014–2019 2020 2021–2024 2025 Commissioning Exceeding the design Two-stage Mill-5 Feasibility Study Construction Launch of and Ramp-Up processing capacity expansion project / FID Mill-5 and 0.5 mtpa processed during the first year Since 20
Slide 6: Key highlights of the Mill-5 feasibility study
Key highlights of the mill-5 feasibility study 25 ADDITIONAL Incremental EXPECTED CAPACITIES ounces LAUNCH Project's first 5-year average 8.0 mtpa ca. 390 koz 2025 Key outcomes of the feasibility study Mill-5 Construction of Mill-5 with throughput capacity of 8.0 mtpa Application of gravity and flot
Slide 7: General layout
General layout The layout allows to optimize earthworks across the mill site Blagodatnoye mill expansion to 17 mtpa Blagodatnoye (current layout) New Mill-5 facilities Maximum synergy with the existing Crushed ore stockpile Mill-4 facilities and utilities IPCC conveyor (maintenance shop, tailings st
Slide 8: In-pit Crushing and Conveying (IPCC) at Blagodatnoye
In-pit Crushing and Conveying (IPCC) at Blagodatnoye Following the completion of trade-off studies, the FS assumes using the in-pit crushing and conveying option instead of conventional truck delivery 3 Crushed ore stockpile Mill-4 and Mill-5 6 pc 3 Optimal layout Pit and number of feeders 2 1 2 Mai
Slide 9: Processing flowsheet design
Processing flowsheet design Similarly to the existing Mill-4 flowsheet, gravity and flotation was selected as the optimal processing option Conventional gravity — flotation scheme Open pit Conveyor Ball mill 8.0 nominal throughput mt capacity Cyanidation 87.9 SAG mill % Flotation recovery rate secon
Slide 10: Key Project Economic metrics
Key Project Economic metrics key macroeconomic CAPEX TCC assumptions $ mln $/oz Gold price including procurement 50% Processing of mining fleet costs $ 1,200/oz 12% FX 62% IPCC Mill-5 65 rub/usd construction final 13% Project's first investment 5-year average decision Additional Mining The Board of
Slide 11: Project timeline
project timeline 2020 2021 2022 2023 2024 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FID Documentation Project design documentation Equipment Supply of long-lead equipment Construction & installation Site preparation, construction of foundations Selection of Mill-5