Albyn - Location
The Albyn licence area is located in the north-eastern tip of the Amur region, approximately 150km north-east from Malomir and 45km south-east from the Tokur deposit, in the Selemdja district along the River Kharga. It is expected that these three assets will form a cluster of north-east assets which will be developed together using the synergies from all of these projects. The Albyn deposit is located near an area of previously extensive alluvial mining which took place during the 20th century. In addition, the Kharginskiy gold vein deposit, situated 500 metres from the Albyn central ore body and within the current licence, was mined during the 1950s, producing 6.0t of gold.
The Albyn deposit itself was identified as a prospective site in 1970, during a regional geological survey of the area. As a result of these previous mining activities near the Albyn site, the Group inherited substantial mining infrastructure when it acquired the Albyn licence, including access roads and a 35kV power line, which allowed the Group to make capital cost savings. The deposit is located 2km from the nearest village, Zlatoustovsk, which has an all-year-round road connecting it to the BAM railway.
