EXPLORATION & DEVELOPMENT

Trans-Siberian receives 20-year Rodnikova licence

Russian gold producer Trans-Siberian Gold has received a 20-year licence to explore and develop the Rodnikova deposit in South Kamchatka from the Federal Agency for Subsoil Use (Rosnedra).

Staff reporter
The new Rodnikova licence is near Trans-Siberian's Asacha gold mine

The new Rodnikova licence is near Trans-Siberian's Asacha gold mine

The Rodnikova deposit is close to Tran-Siberian's Asacha gold mine and is estimated to contain 1 million ounces of gold with an average grade of 5.3g/t, according to the mineral resources report approved by the Russian State Commission for Reserves.

Trans-Siberian is busy devising the exploration field work programme to assess the full potential of the deposit and options to potentially start early-stage production. 

It said it would look at the suitability of using the existing processing techniques and plant at Asacha for Rodnikova's ore, as it believed the two deposits had similar geology, mineralogy and metallurgy.

CEO Alexander Dorogov said the company was now no longer a single asset miner and Rodnikova was seen as a "complementary asset" that fitted into its epithermal deposits portfolio and had potential geographic and operational synergies with Asacha.

Trans-Siberian's shares (AIM:TSG) were trading at 57.88p (US75.28c) Tuesday, 60.8% higher than six months ago. 

 

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.