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Zyfra and First Ore-Mining Company to deploy Artificial Intelligence Solutions for Mining in Extreme North

First Ore-Mining Company, a part of mining division of Rosatom State Atomic Energy Corporation, and Zyfra, Finnish-Russian digital solutions provider for heavy industries, have signed a Memorandum of Understanding on cooperation in deploying Artificial Intelligence-based solutions in mining and enrichment operations at the Pavlovskoe deposit, where there are plans to build the most northerly ore-mining enterprise in Russia.

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Endomines Ore Reserve and Resource Estimate Update

Endomines is making a public announcement of its updated ore reserves and mineral resources estimates. The estimates have been prepared according to the 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (Joint Ore Reserve Committee - JORC-code). The updates have been prepared by various authors (Endomines - in house and others). The update represents the production situation as of December 31st 2016.

The results are as follows:

 

Endomines Ore Reserve and Resource Estimate

In the Pampalo underground mine almost all the ore reserve and resource mined in 2016 has been replaced by new ore reserves and resources. The data included results from the underground drilling campaign completed in 2016. Totally some 21 000 meters were drilled during 2016.

A new resource estimate has been prepared for Pampalo NW and Pampalonlammit. Although the resource estimates are relatively modest, it proves that it is still possible to find new resources near Pampalo.

Hosko and Muurinsuo were removed from ore reserves because the deposits are likely uneconomic with the current gold price. Hosko and Muurinsuo remain as mineral resources.

”Pampalo total reserves and additional resources have remained almost on the same level as a year before as new resources have been discovered and resources have been converted to reserves from the Pampalo deep extension area. During the past years we have all the time been able to convert Pampalo deep resources to reserves and discover also new resources from Pampalo Deeps. This exploration history supports our view that the exploration potential of Pampalo deep extension is high and continues”, comments Markus Ekberg, CEO of Endomines AB.

“We can certainly be satisfied that new resources Pampalo NW and Pampalonlammit – although modest at this stage - have been discovered and developed during the year 2016. This certainly confirms possibilities for new discoveries on the mining lease area”, continues Markus Ekberg.

This statement has been controlled by Eurogeologist Jani Rautio MSc (Geol) acting as a Qualified Person. Endomines applies Fennoscandian Review Board –standards for public disclosure of mineral resource and reserves. Jani Rautio is a full time employee of Endomines.

Source: Endomines AB

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Dragon Mining terminates the Agreement with Endomines

Endomines has been informed that Dragon terminates the existing agreement on processing flotation concentrate from Pampalo at the Dragon Mining Svartliden leaching plant. According to Dragon Mining the Svartliden Operations has experienced elevated levels of copper in the discharge water. The copper levels are low but still at a level that the water must be cleaned in order to apply with the Svartliden Environmental Permit. The cost of cleaning the water is deemed to be significant by Dragon Mining management.

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Endomines brings forward Start of Selective Mining

Production guidance and Selective Mining

The previously announced start of Selective Mining in early 2016 has, for practical reasons, been brought forward. This will slightly decrease the 2015 annual production from the previously announced production guidance of 550-600 kg of gold. The co-operation negotiations have been concluded and about 50 % of the Pampalo mine operational personnel have been temporarily laid off from latest today’s date. Endomines will, as normal, release its quarterly production update early January 2016.

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