Seligdar and RosGeo started second junior project in Yakutia

PJSC Seligdar (hereafter Seligdar) and JSC Rosgeologia (hereafer RosGeo) started realisation of the second joint junior project aimed at expansion of the Seligdar’s reserve and resource base in accordance with the agreement signed earlier at St Petersburg International Economic Forum.

In terms of joint exploration of the Khokhoy ore field deposit in Aldan region of the Republic of Sakha (Yakutia), Seligdar purchased from RosGeo for RUB 40 million a 75% share of Khokhoy LLC – owner of the license for geological survey of the above named gold ore deposit. The parties also concluded an option agreement, which makes possible an increase of Seligdar’s share in Khokhoy up to 100% after the mineral reserves have been placed on the State Balance Sheet.

Seligdar will provide operatorship for the joint venture as well as funds for exploration. RosGeo will conduct all exploration works at the licensed site and will have an opportunity to provide geological support of the deposit development. Field works at the Khokhoy ore field deposit will start in August 2021.

Seligdar and RosGeo launched earlier another junior project in Aldan region of the Republic of Sakha at the Chulkovskaya area deposit where prospecting and estimation works have begun.

Besides, the parties cooperate at two other Seligdar’s sites where RosGeo works under the contractor agreement:

  • Exploration at Kiriestekh in Aldan district of the Republic of Sakha;
  • Estimation at the Semenovskaya area deposit of Krasnoschelkovskiy district of Altai region.

 

About Seligdar

 PJSC Seligdar polymetallic holding  successfully mines precious metals in Russia for more than 46 years. PJSC Seligdar is one of the largest Russian gold mining companies and the only tin producer in Russia. The assets of the Holding are situated in the six regions of Russia: in the Republic of Sakha (Yakutia), Orenburg and Altai regions, the Republic of Buryatia, Khabarovsk region and Chukotka.  

 


About Rosgeo

RosGeo is a Russian multi-disciplinary geological holding that carries out a full range of services related to geological exploration: from regional surveys to parametric drilling and monitoring of subsoil conditions. The holding company boasts a unique expertise, particularly in marine geology and shelf operations. A total of more than 1,000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields. RosGeo is a fully state-owned company.

2021 Annual Report (pdf, 16 Мб)
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