Todays JORC29 Oct 2020 14:47
Todays Jorc is for 600,000 Tonnes on a run rate of 15,000 TPM this gives the mine life for the JORC area of 4 years.
Over and above this is the exploration target of 1.8 - 3 million tonnes adding another Approx 8 years mine life, not to mention the other 15 scarn deposits that are available for exploitation. Note the original 1.8 - 3 million tonnes is using the old Russian standard for reporting (note Russian standards are approx 90% correct historically). The other scarn pipes will be undergo a JORC once the company has mined the above(because these are deep within the mine mountain), the cost of this will be taken from the profits obtained at BP mine. This was a great JORC adding another 4 years to the mine, i am sure the Bank funders are extremely happy with this.
So the life of mine at RR of 15,000 TPM is 12 years Minimum.