Exploration success at Polymetal

FTSE 100-listed miner Polymetal International yesterday announced drilling results for a Russian development project which it thinks will materially change the project’s scope. “I am very excited about the recent exploration results at Mamin. I don’t remember seeing such wide and rich intersections at relatively shallow depth since 2008,” commented chief executive Vitaly Nesis. “I expect further exploration success at Mamin and expect that this project can be very attractive given its location and access to infrastructure.”