Pioneer is one of the Group’s most prospective assets, providing near term growth potential from underground non-refractory exploration and development, and regional exploration (Pioneer flanks). Long term growth potential includes bringing forward the flotation plant (6.0Mtpa) development, currently scheduled for 2021, and the untapped greenfield exploration potential within its 1,375km2 total licence area.
Deposit type: Hard rock with both non-refractory and refractory ore.
Mining: Currently open pit. Underground mining to commence Q2 2017.
Processing: RIP plant and seasonal heap leach facility on site. Currently only non-refractory ore processed.
Development history: Acquired in 2001 as a greenﬁeld project. Developed in house into one of Russia’s largest gold mines.
Reserves and resources: 5.52Moz.