Summary
BRIZ Ltd, a private Moscow-based company with a representation office in Chelyabinsk (South Urals, Russia), the holder of a license to engage in the geological prospecting and extraction of ore at the Gulinskoye nickel-and-cobalt deposit in the Bredy District of the region of Chelyabinsk, is offered for sale in package with the license it holds. Alternatively, we look for potential investors and/or partners to develop the deposit by means of setting up an ore-dressing plant locally, to produce nickel (and cobalt) ore concentrate for sale to metal works in and outside Russia.
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Location and Access
Exploration of the Gulinskoye nickel-and-cobalt ore deposit in the Bredy District, Chelyabinsk Region, Russia
Description
Exploration of the Gulinskoye nickel-and-cobalt ore deposit in the Bredy District, Chelyabinsk Region, has been carried out by means of borehole drilling and prospecting pit digging.
In all, 1,027 boreholes (50,640 m) were drilled and 80 prospecting pits (425.5 m) were dug, with the borehole depth ranging from 3.15 m to 221 m (average depth - 49 m). As a result, 5 ore pockets containing 18 ore bodies were identified. A total of 27,225 core samples and 212 pit samples were selected for analysis.
A study of the deposit's groundwater geology showed that water influx in an opencast mine of 50 m in depth should not exceed an estimated 329 cu. m per hour.
Assays by the Integrated Iron-and-Steel Works at Orsk showed that nickel ore from the Gulinskoye deposit is fit for metallurgical processing.
Resources were calculated based on a conventional cross-sectional method and were estimated (with the average nickel content of 0.65% and cobalt content of 0.035%) at:
-23,938,000 tonnes of ore;
-81,460 tonnes of nickel;
-2,170 tonnes of cobalt.
Below-line reserves were estimated at:
-11,581,000 tonnes of ore;
-42,160 tonnes of nickel;
-3,481 tonnes of cobalt.
History
Actively developed in Soviet times (1950s-early 1980s), the deposit has stood idle since 1982 because of lack of government financing. Its renewed development on a private basis, including in partnership with foreign players, would be comprehensively supported and encouraged by both local and regional authorities, since the opening of an ore-dressing plant would create new jobs, lead to infrastructural improvements, etc. The figures above were supplied by the regional Geology Committee in mid-August 2011 and reflect the status of the Gulinskoye deposit reserves as of today.
