K&S

The K&S Mine is located in the Obluchenskoye District of the Jewish Autonomous Region (EAO) in the Russian Far East. The operation is 4 kilometres west of the town of Izvestkovaya, approximately 130 kilometres west by federal highway from the regional capital Birobidzhan, and 300 kilometres west of Khabarovsk, the principal city of the Russian Far East.

The total site covers over 50 square kilometres, and is well located, benefiting from direct access to rail, road, power, water and a well-educated workforce. Targeting commercial production in the second half of 2016, K&S will produce an estimated 0.5 million tonnes in 2016, and an annual 3.2 million tonnes at full capacity. K&S produces solely iron ore concentrate, unlike the smaller Kuranakh Mine which also produces ilmenite. At K&S, the iron ore concentrate produced is a superior 65% Fe grade with no material impurities. This means that it is highly attractive to Chinese steel mill customers, especially those in nearby in the North East of China where it is hard to source quality concentrates.

Garinskoye

Garinskoye is an advanced exploration project that offers the potential for a low cost DSO-style operation that can be transitioned into a large-scale long-life open pit mining operation.

The project is located in the Amur Region of the Russian Far East, midway between the BAM and Trans Siberian Railways. With exploration licences for ground covering over 3,500 km2, the project is the largest in terms of area in the IRC portfolio.