20.05.2025
Polymetallic Holding Group Seligdar (hereinafter, Holding Group or Seligdar; MOEX: SELG) received approval for the reserves for commercial development of the Gladkoye deposit, located within the Purikanskaya area. This discovery resulted from the Company’s exploration activities. As a result, balance reserves of 1,742 kg of gold and 15.5 tonnes of silver have been registered in the State Balance of Mineral Reserves. In addition, off-balance reserves comprise 2,583 kg of gold and 21.8 tonnes of silver.
According to the preliminary plan, Seligdar aims to commence development of the Gladkoye deposit in the third quarter of 2027 within the Samolazovskiy production complex, which, as disclosed in the Company’s 2024 Annual Report, holds a total of 10,631 kg of balance reserves of gold.
It is noteworthy that Seligdar conducted its own geological exploration of the Purikanskaya area from 2016 to 2023. Over this period, the Company specialists drilled 421 boreholes, with a cumulative length exceeding 30,000 linear meters. The exploration process included comprehensive laboratory sample analysis, mine surveying, and metallurgical testing of ore. During 2023–2024, the Company completed a feasibility study, and reserves and resource estimate for the Gladkoye gold deposit.