The promising sites are situated in areas with developed energy and road infrastructure. Petropavlovsk licensed site is of 13 km2 and located approximately in 170 kilometers from Olympiada deposit field. The licensed area of Marock ore field is 15 km2, the distance to Olympiada deposit field is about 70 km.

In the framework of the deals above Polyus also receives a call-option for purchase of RosGeo remaining shares in the project companies. The earn-out might take place following the results of geological exploration of the corresponding underground sites after entry of the reserves to the state balance sheet.


Polyus ranks the fourth among the largest gold-mining companies in the world in terms of gold production, and it is the third one with respect to the gold stocks. The company is a leader in production costs among the major global gold-miners. The main production assets of Polyus are located in Siberia and Far East of Russia, in Krasnoyarsk territory, Irkutsk and Magadan regions, as well as in the Republic of Sakha (Yakutia).

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.