Name of the project
Sukhoi Log gold project.

Location
Bodaybo district of the Irkutsk region, in Russia.

Project Owner/s
PJSC Polyus.

Project Description
Sukhoi Log is one of the world’s biggest green­field gold projects.

A detailed prefeasibility study (PFS) has indicated that the project’s key operating metrics will be even stronger than suggested by the 2018 scop­ing study, and has confirmed Sukhoi Log as a long-life project with an outstanding cost profile.

Average production over the life-of-mine has increased from 1.6-million ounces a year in the 2018 scoping study to 2.3-million ounces in the 2020 PFS.

The project’s mill throughput capacity has increased from 30-million tonnes a year in the 2018 scoping study to 33.2-million tonnes a year in the 2020 PFS. The requisite mining capacity stands at 168-million tonnes a year.

The flowsheet has been upgraded and includes the introduction of flash flotation technology.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The project’s initial construction capital expenditure has increased from $2.3-billion in the 2018 scoping study to $3.3-billion in the 2020 PFS.

Planned Start/End Date
Hot commissioning of the project and the first gold pour is expected in 2027.

Latest Developments
Polyus will make a final investment decision on the Sukhoi Log gold project, CEO Pavel Grachev has said, adding that the group is continuing with a bankable feasibility study (BFS).

The company has finalised openpit geotechnical parameters, defined the parameters of the main technological equipment of the processing plant and is in the final stages of mine planning, as well as the general layout, infrastructure, processing plant and tailings storage facility design as part of the BFS.

According to 2020 estimates, Sukhoi Log’s gold reserves are more than 40-million ounces of gold, while its resources are estimated at 67-million ounces of gold.

Key Contracts, Suppliers and Consultants
Not stated.

Contact Details for Project Information
PJSC Polyus director communications and investor relations department Victor Drozdov, email drozdovvi@polyus.com.