Overview
Introduction
Trans-Siberian Gold plc (AIM:TSG) is a UK-based resources company with the objective of acquiring and developing a portfolio of quality gold-mining assets in Russia. The Company was incorporated in the UK in 2000 and was admitted to trading on the London Stock Exchange's Alternative Investment Market (AIM) in November 2003.
Strategy
The Company's strategy has been to acquire Russian mining assets on terms which benefited from the market discount then available and to develop them using the best of Russian and international expertise. The Company is focused on developing the portfolio of Russian gold projects it has already established, and to take advantage of the identifiable opportunities and positive legal and regulatory developments in the Russian gold mining industry. The Company's policy to date has been to acquire 100 per cent or controlling interests in Russian legal entities that hold licences for the development of mineral deposits.
The Company currently has two thrusts:
- Bringing the current resources at its two projects in Asacha & Rodnikova into production as soon as possible
- Concurrently expanding its resource base
The Company may also pursue further mining and land acquisitions where they add shareholder value and meet the Company's criteria.
Projects
TSG currently has two primary locations at Asacha & Rodnikova in the Kamchatka Region of Far East Russia.
Map of project sites (new window)
The Group's aggregate measured, indicated and inferred resources to JORC standards amount to more than 1 million ounces of gold equivalent.
Property |
Measured+ Indicated oz |
Measured+ Indicated+ Inferred oz |
Grade g/t (Au Equivalent) |
Cut-off g/t |
|---|---|---|---|---|
| Asacha* | 615,492 | 735,424 | 17.8 | 4.0 |
| Rodnikova* | 166,450 | 404,845 | 8.2 | 4.0 |
| TOTAL | 781,962 | 1,140,269 | - | - |
* Asacha and Rodnikova figures include silver equivalent ounces (50 oz Ag = 1 oz Au)
| Property | C1 & C2 oz | Grade g/t | P1 oz | Grade g/t | P2 oz |
|---|---|---|---|---|---|
| Asacha | 699,228 | 21.6 | 298,560 | 19.0 | 466,500 |
| Rodnikova | 486,141 | 12.9 | 864,580 | 11.3 | 310,000 |
| TOTAL | 1,185,369 | 1,163,140 | 776,500 |