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Investegate |Polymetal International plc Announcements | Polymetal International plc: Polymetal: Ore Reserves, Mineral Resources and Exploration update as at 1 January 2021

Ore Reserves, Mineral Resources and Exploration update as at 1 January 2021 Polymetal announces its Ore Reserves and Mineral Resources as at 1 January 2021 in accordance with the JORC Code (2012) and exploration update for the year ended 31 December 2020. We delivered maiden reserve estimates at several of our projects resulting in a substantial increase in total Group Ore Reserves. We are confident in our ability to continue per share reserve accretion while maintaining conservative price assumptions , said Vitaly Nesis, Group CEO of Polymetal. This year we are going to significantly advance our greenfield exploration with the aim of extending resource base at a relatively low finding cost .

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