RG Gold has subsoil usage rights for the Novodneprovsky contract area covering 44,3km2, where the North and South Raygorodok, Novodneprovskoye, and a number of prospects are located (Contract No. 486 dated 19.06.2000)
The contract area, where exploration work began in 1996, is located in the Burabay area of Akmola region, 70 km to the southwest of Shchuchinsk city (Kurort-Borovoye station), with Astana 190 km to the southeast. The largest deposit in Kazakhstan – Vasilkovsky (“Altyntau Kokshetau” LLP) is located 100 km to the north.
2014 – 2017 exploration works summary
|Work type||UoM||Exploration program execution 2014-2017|
|Core drilling||l.m||138 023|
|South Raygorodok||l.m||92 650|
|North Raygorodok||l.m||45 373|
|South Raygorodok||l.m||54 342|
|North Raygorodok, Central||l.m||50 449|
|Other areas||29 093|
|Geotechnical drilling||l.m||2 781|
|South Raygorodok||l.m||1 762|
|North Raygorodok||l.m||1 019|
|Two-dimensional survey||l. km||29|
|General gravity survey||sq.km||26|
|Laboratory works||an||191 636|
|Fire assay||an||117 466|
|Atomic-absorption (HCL)||an||51 865|
|Physical and mechanical properties||an||100|
|Other laboratory works||2000|
According to the results of geological exploration performed in 2014-2017, AMC Consultans (UK) Limited has completed the assessment of mineral resources and reserves in accordance with the JORC Code (2012) in 2018. The competent person – Ingvar Kirchner.
The development of DFS for construction of the process plant with a capacity of 5 MTPA has been completed in 2019 by Lycopodium (Australia).
In 2019, ExMinCo (the competent person – Igor Usoltsev, Kazakhstan) has prepared the “Report on Mineral Resources and Reserves for the North and South Raygorodok deposits”, in accordance with the KAZRC Kazakhstan Code for the Public Reporting of Exploration Results, Mineral Resources and Mineral Reserves
According to the KAZRC report, the reserves and resources of gold in primary ores as at 01.01.2021 are the following:
|North Raygorodok — primary ores|
|South Raygorodok — primary ores|
Based on the entering of the primary ore gold reserves on the balance sheet, the subsoil user develops a Mining Plan for the production of primary ores at the North and South Raygorodok deposits with subsequent processing at the designed process plant (CIL).
In order to estimate the license area, exploration is currently underway on the flanks of the North & South Raygorodok and Novodneprovskoye deposits.