05.10.2023
Polymetallic Holding Seligdar obtained a license for subsoil use rights for the Mlelyuveem River deposit located in the Chaunkiy district of the Chukotka Autonomous Okrug, including the right to conduct geological survey, exploration and mining. Rusolovo PJSC, which is the parent company of the Seligdar’s tin division, won the auction.
This is the first and the only deposit in the Seligdar’s portfolio containing both gold and tin, two main metals mined by the Company. The deposit contains placer tin and gold. According to the State balance of mineral reserves as of January 1, 2023, the balance reserves* of the Mlelyuveem river deposit in C1 category comprise 893 kg of gold and 58 tonnes of tin; off-balance reserves in C1 category, 27 kg of gold and 16 tonnes of tin; prognostic tin resources in P1 category, 677 tonnes.
* Russian classification compliant with the State Commission on Mineral Reserves (GKZ) reporting system