The Group’s mineral resources and ore reserves as at 1 January 2024
NORILSK AND KOLA DIVISIONSIn 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves using its own methodology.1
Ore mln t
Metal grade
Contained metal
Ni, (%)
Cu, (%)
Pd (g/t)
Pt (g/t)
Au (g/t)
6PGMThe six platinum group metals (PGMs) are platinum, palladium, rhodium, ruthenium, osmium, and iridium.2 (g/t)
Ni (kt)
Cu (kt)
Pd (koz)
Pt (koz)
Au (koz)
6МПГThe six platinum group metals (PGMs) are platinum, palladium, rhodium, ruthenium, osmium, and iridium.3 (koz)
NORILSK AND KOLA DIVISIONSIn 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves using its own methodology.1
Ore mln t
Metal grade
Contained metal
Ni, (%)
Cu, (%)
Pd (g/t)
Pt (g/t)
Au (g/t)
6PGMThe six platinum group metals (PGMs) are platinum, palladium, rhodium, ruthenium, osmium, and iridium.2 (g/t)
Ni (kt)
Cu (kt)
Pd (koz)
Pt (koz)
Au (koz)
6МПГThe six platinum group metals (PGMs) are platinum, palladium, rhodium, ruthenium, osmium, and iridium.3 (koz)
TOTAL PROVEN AND PROBABLE RESERVES
1,267
0.70
1.26
3.26
0.88
0.18
4.30
8,918
15,946
132,756
35,955
7,236
175,044
TOTAL MEASURED AND INDICATED RESOURCESProven and probable ore reserves are included in measured and indicated resources.4
1,869
0.74
1.22
3.22
0.89
0.18
4.26
13,890
22,875
193,341
53,345
11,001
256,067
TOTAL INFERRED RESOURCES
888
0.68
1.14
2.87
0.76
0.17
3.76
6,033
10,157
81,997
21,796
4,814
107,284
NORILSK DIVISION
Proven and probable reserves
1,203
0.71
1.31
3.43
0.93
0.19
4.52
8,511
15,740
132,697
35,917
7,217
174,945
Proven reserves
709
0.65
1.28
3.25
0.87
0.19
4.26
4,628
9,081
73,995
19,828
4,217
97,050
Talnakh ore field, including:
676
0.67
1.33
3.25
0.85
0.19
4.25
4,547
8,975
70,751
18,571
4,083
92,291
rich
71
2.66
3.26
6.19
1.27
0.19
8.00
1,886
2,313
14,138
2,888
439
18,273
cuprous
76
0.70
2.36
5.96
1.53
0.37
7.59
530
1,786
14,495
3,727
902
18,457
disseminated
529
0.40
0.92
2.47
0.70
0.16
3.26
2,131
4,876
42,118
11,955
2,741
55,561
Norilsk‑1 deposit (disseminated ore)
32
0.25
0.33
3.11
1.20
0.13
4.56
81
106
3,244
1,257
134
4,759
Probable reserves
494
0.79
1.35
3.69
1.01
0.19
4.90
3,883
6,658
58,701
16,089
3,000
77,895
Talnakh ore field, including:
389
0.94
1.64
3.98
1.01
0.21
5.17
3,649
6,386
49,802
12,594
2,617
64,775
rich
75
2.84
3.80
7.37
1.49
0.28
9.38
2,120
2,836
17,660
3,576
681
22,489
cuprous
63
0.63
2.18
5.18
1.34
0.32
6.59
399
1,382
10,549
2,720
652
13,433
disseminated
252
0.45
0.86
2.67
0.78
0.16
3.57
1,131
2,168
21,593
6,298
1,284
28,853
Norilsk‑1 deposit (disseminated ore)
105
0.22
0.26
2.64
1.04
0.11
3.89
233
272
8,900
3,495
383
13,121
Measured and indicated resources
1,569
0.75
1.39
3.82
1.05
0.21
5.06
11,822
21,866
192,869
53,044
10,829
255,236
Talnakh ore field, including:
1,429
0.80
1.50
3.87
1.02
0.22
5.07
11,431
21,391
177,601
47,077
10,179
232,754
rich
124
3.46
4.46
8.79
1.81
0.32
11.28
4,308
5,541
35,124
7,254
1,272
45,111
cuprous
136
0.83
2.74
7.03
1.85
0.43
9.00
1,131
3,725
30,757
8,087
1,870
39,389
disseminated
1,169
0.51
1.04
2.97
0.84
0.19
3.95
5,991
12,126
111,720
31,736
7,036
148,253
Norilsk‑1 deposit (disseminated ore)
140
0.28
0.34
3.39
1.33
0.14
5.00
392
474
15,268
5,967
650
22,482
Inferred resources
750
0.69
1.30
3.40
0.90
0,20
4.44
5,160
9,727
81,839
21,692
4,762
107,007
Talnakh ore field, including:
741
0.69
1.31
3.39
0.89
0.20
4.43
5,138
9,697
80,826
21,272
4,720
105,491
rich
43
3.19
5.31
10.32
2.15
0.56
13.08
1,358
2,265
14,137
2,953
766
17,931
cuprous
55
0.78
2.37
6.08
1.55
0.37
7.79
427
1,292
10,652
2,713
653
13,658
disseminated
644
0.52
0.95
2.71
0.75
0.16
3.57
3,353
6,139
56,036
15,606
3,301
73,902
Norilsk‑1 deposit (disseminated ore)
9
0.25
0.34
3.62
1.50
0.50
5.41
22
30
1,013
420
41
1,516
KOLA DIVISION (DISSEMINATED ORE)
Proven and probable reserves
64
0.63
0.32
0.03
0.02
0.01
0.05
407
206
59
39
18
99
Proven ore reserves
33
0.59
0.25
0.03
0.02
0.01
0.05
192
82
30
22
9
53
Probable reserves
32
0.68
0.39
0.03
0.02
0.01
0.05
215
124
29
17
9
46
Measured and indicated resources
300
0.69
0.34
0.05
0.03
0.02
0.09
2,068
1,010
472
302
172
831
Inferred resources
138
0.63
0.31
0.04
0.02
0.01
0.06
873
430
158
104
52
277
ZABAYKALSKY DIVISIONIn 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves using its own methodology.1
Ore mln t
Metal grade
Contained metal
Cu (%)
Au (g/t)
Ag (g/t)
Fe (%)
Cu (kt)
Au (koz)
Ag (koz)
Fe (koz)
ZABAYKALSKY DIVISIONIn 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves using its own methodology.5
Ore mln t
Metal grade
Contained metal
Cu (%)
Au (g/t)
Ag (g/t)
Fe (%)
Cu (kt)
Au (koz)
Ag (koz)
Fe (koz)
PROVEN AND PROBABLE RESERVES
283
0.53
0.66
2.75
18.67
1,505
6,028
25,074
52,874
MEASURED AND INDICATED RESOURCES
303
0.59
0.65
3.08
21.54
1,801
6,328
30,020
65,268
INFERRED RESOURCES
44
0.6
0.4
3.34
4.29
262
563
44,741
1,891
The Company conducts exploration in three regions of Russia – on the Taimyr and Kola Peninsulas and in the Zabaykalsky Territory. Through exploration at new and existing mine sites, Nornickel drives increases in its high‑grade and cuprous ore reserves to support future production from existing sites, viewing it as a key driver of its long‑term growth.
1 In 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves using its own methodology.
2 The six platinum group metals (PGMs) are platinum, palladium, rhodium, ruthenium, osmium, and iridium.
3 The six platinum group metals (PGMs) are platinum, palladium, rhodium, ruthenium, osmium, and iridium.
4 Proven and probable ore reserves are included in measured and indicated resources.
5 In 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves using its own methodology.
1 In 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves using its own methodology.
2 The six platinum group metals (PGMs) are platinum, palladium, rhodium, ruthenium, osmium, and iridium.
3 The six platinum group metals (PGMs) are platinum, palladium, rhodium, ruthenium, osmium, and iridium.
1 In 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves using its own methodology.
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