PETROPAVLOVSK PLC H1 2018 Trading Update (30th July 2018)

1 A Leading Russian Gold Miner, Operating In The Amur Region Since 1994 Established operational foothold in the Far East of Russia

Russia Assets have produced c.6.8Moz Au to date Operating mines Underground mine — 3 x gold mines, mix of open pit + underground — c.16Mtpa of processing capacity POX — Each mine has direct access to road, rail + Analytical labs national grid Amur region Long life mineral resource base — 20.86Moz of JORC Resources Malomir — High untapped exploration potential Khab Hydro power arovs Experienced management team + workforce plant k — Strong track record of mine development, Pokrovskiy POX Hub expansion + asset optimisation Albyn New growth opportunities Pioneer — POX Hub at Pokrovskiy due to launch Q4 2018 — High grade from underground assets already Pilot POX Plant making a contribution Hydro power CHI plant IRC: a low cost iron ore producer NA — 31% equity interest, listed(1) Blagoveshcensk city EA O (1) IRC market capitalisation as at close 25 July 2018 (US$134m, source: Bloomberg) x Petropavlovsk’s equity interest (31.1%) = US$42m

2 Trading Data + Shareholder Structure Since 2009, is listed on the Main Market of the London Stock Exchange

Share Price + Gold Price(1) Share Price + Trading Volumes(1) 9.0p 100m Price 7.11p Price Vols 52 Week Range 6.29p – 8.59p 8.5p 90m Market Cap. £235m ($310m) EV £674m ($903m) 8.0p 80m Gold PM Fix $1,232/oz 52 Week Range $1,217/oz - $1,355/oz 7.5p 70m Top 10 Shareholders

1 Fincraft Holdings Ltd(2) 22.4% 7.0p 60m 2 Sothic Capital Mgt 10.9% 6.5p 50m 3 DE Shaw & Co 7.8%

4 Prosperity Capital Mgt 5.7% 6.0p 40m 5 RCB Bank 4.7% 5.5p 30m 6 Slevin Ltd 4.6% 7 CABS Platform Ltd 4.6% 5.0p 20m 8 Hargreaves Lansdown 2.3% 9 Dimensional Fund Advisors 2.1% 4.5p 10m 10 Legal & General InvMgt 1.9% 4.0p 0m Top 10 Total 67% Jan 2015 Jul 2015 Jan 2016 Jul 2016 Jan 2017 Jul 2017 Jan 2018 Jul 2018 (1) Data as at market close 25 July 2018 (2) The largest shareholder is Kazakh businessman Kenges Rakishev with a total combined holding of 22.4% (via Fincraft Holdings and VTB Bank)

3 Leadership Has Been Restored Following the 2018 AGM CEO Dr Maslovskiy is supported by Chairman Sir Roderick Lyne and Senior Non-Executive Director Robert Jenkins

“The Board has invested significant time into a formal recruitment process to secure a diversified, fully compliant and exemplary composition of directors at Board level. We are working closely with a top recruitment agency in order to ensure that we attract and invest not only in the best talent, but in the most appropriate candidates in order to maximise our combined capabilities…” Sir Roderick Lyne, Non-Executive Chairman Sir Roderick Lyne, Non-Executive Chairman — Sir Roderic was previously the Senior Independent Director between November 2015 and June 2016 — He was originally appointed to the Board in 2009 during the Company’s merger with PLC. Sir Roderic was Chairman of the Company’s Remuneration and HSE Committees — Sir Roderic was previously a Non-Executive Director of Aricom PLC, between 2006 and 2009 — A fluent Russian speaker, Sir Roderick served as British Ambassador to Russia from January 2000 until August 2004 Dr Pavel Maslovskiy, Chief Executive Officer — One of the co-founders, Dr Maslovskiy was CEO from the Group’s inception in 1994 to Dec 2011, following his appointment as a Senator-Member of the Federation Council(1) — Dr Maslovskiy retired as a Senator-Member in Oct 2014 and was re-appointed as CEO in Nov 2014(2) — Prior to embarking on his business career, Dr Maslovskiy was a Professor of Metallurgy at the Moscow Aircraft Technology Institute — 25 yrs of experience Mr Robert Jenkins, Non-Executive Director — A fluent Russian speaker with almost 25 years of Russian industry related expertise, Mr Jenkins served as a director from April 2015 to June 2017 — He has been CFO of two Russia focused natural resource companies, including Eurasia Mining PLC, and also a Director and Audit Committee Chairman of Ruspetro plc and of Toledo Mining Corporation PLC. He was also the Senior Independent Director of the former — During his previous tenure as a director of the Company, Mr Jenkins chaired the Audit Committee and was a Senior Independent Director as well as a member of the Nomination Committee

4 (1) Upper House of the Russian Parliament (2) Acted as Honorary President between 2012 and Nov 2014 H1 2018 Trading Update + Future Strategy

5 H1 2018 Production Update Key Points Full operational review undertaken by CEO following his June appointment, with a plan introduced to get the business back on track, optimise performance + maximise margins — 232Koz vs. 201Koz in H1 2017, decrease due to lower processed grades + decrease in contribution of gold in circuit release — Mixed underground performance: significant contribution by Quartzitovoye to overall Malomir production H1 Production whilst development of NE Bakhmut (Pioneer) behind schedule — Measures introduced to increase contribution of underground operations to overall production by end of H2 2018

— Malomir flotation plant commenced operations following delay due to absence of leadership — Accelerated ramp up to design capacity + technological improvements being introduced Development Update (POX + Underground) — POX commissioning anticipated in Dec, any POX output excluded from FY production estimates  dry commissioning scheduled for Aug 2018 — We expect to produce 20-30kt of high grade flotation concentrate by YE

Ongoing operational — As a result of a full + ongoing operating review, more conservative FY 2018 has been issued review  focus on — Review highlighted lack of leadership in H1, with some disruption to operational + development plans, optimisation + margins however, a programme of measures to rectify delays + improve current schedule is under way

— Previous Board arranged a US$30m bridge loan for IRC during recent period of financial difficulty IRC Ltd. — Current Board is determined to improve guarantee situation, will update shareholders in due course

6 Conservative Strategy Focused On Shareholder Value Stable bulk tonnage operation boosted by addition of high grade underground operations + refractory ore treatment

Implement best corporate — Business stabilised + momentum restored after a difficult year 1 governance practices — Formal process under way to strengthen Board composition by the appointment of additional following 2018 AGM Independent Non-Executive Directors

Strengthen the — Loan facilities refinanced via successful US$500m Eurobond issue in Q4 2017 2 balance sheet — Assessing ways to realise the value of Group’s current interest in IRC

Growth: focus on completion — Completion of POX project unlocks value within 9.6Moz of our refractory Resources 3 of POX + contribution from — Ongoing development of high grade underground operations at Pioneer + Malomir to high grade u/ground complement + support non-refractory production

— Ongoing optimisation of R&R + expansion of non-refractory material to maximise profitability — Further exploration to expand underground reserves 4 Maintain and expand R&R base — Further exploration of identified refractory targets — Potential licence acquisitions adjacent to existing infrastructure

— Focus on operational efficiencies and cost optimisation on existing operations and new Continue optimising costs, 5 projects strengthening profitability — Gold price hedging / forward sales agreements are complementary measures

— Commitment to providing occupational / environmental safety Adhere to and maintain best 6 — Regular reviews by HSE committee of the Board practice safety standards — Management KPIs include LTIFR + CO2 emissions

7 R&R

8 JORC Resources (Incl. Reserves) Impressive record of organic resource growth = sustaining long term production

— More than 23Moz of JORC Resources discovered since 2007 by our in-house experts — Based on exploration capex spend between 2007 and 2017, the implied discovery cost per oz is just c.US$22 — Mine life of 15+ years

10.1 12.3 11.7 13.8 11.2 14.0 14.4 10.4 2.1 3.3 6.0 13.0 12.8 12.1 12.0 9.3 9.3 9.3 9.6 6.8 4.9 5.2 -1.0 -1.4 -1.9 -2.4 -3.8 -5.1 -5.9 -6.6 -7.2 -11.2 -11.7

2007a 2008a 2009a 2010a 2011a 2012a 2013a 2014a 2015a 2016a 2017a

Refractory Resources Non-Refractory Resources Depletion + Disposals 9 9 Track Record: Processing Growth Strong track record of mine development, expansion + asset optimisation

MAL RIP + HL PIO RIP RIP expanded Plant Processing expanded expansions Underground ALB commissioned delivered: PIO, MAL RIP mining begins MAL, ALB plant PIO + MAL POX construction 20Mtpa commissioned begins(2) 18Mtpa 16Mtpa Moved to LSE 14Mtpa Listed on AIM Acquired Main Board MAL(1) + ALB 12Mtpa POK RIP plant licences PIO RIP plant commissioned 10Mtpa expanded 17.3 17.3 17.9 8Mtpa 16.9 17.0 13.3 6Mtpa 4Mtpa 8.7 6.7 2Mtpa 3.0 3.6 0.1 0.2 1.4 2.5 2.5 0Mtpa 0.9 1.2 1999a 2002a 2003a 2004a 2005a 2006a 2007a 2008a 2009a 2010a 2011a 2012a 2013a 2014a 2015a 2016a 2017a

POK RIP Record First gold PIO RIP First gold First gold from First gold expanded to production from POK commissioned from PIO MAL from ALB 1.7Mtpa 741Koz

(1) Petropavlovsk acquired its first exploration licence for Malomir in 2003. The licence for the main Malomir site was acquired in 2005 (2) Full scale POX plant development resumed in 2017 following a period of care / maintenance from 2013 onwards

10 Pressure Oxidation (POX)

11 POX: New Growth Opportunities Launch of the POX Hub at Pokrovskiy will unlock value embedded in our refractory ore

— More than 50% of Russia’s defined gold resources are refractory or partially refractory — POX is a globally recognised process for treating refractory ore / flotation concentrate — Our POX plant is the result of almost a decade of work by an in-house group of scientific experts + engineers

Principal Refractory / Partially Refractory Deposits in Russia Petropavlovsk expects to unlock c.50% of R&R via the POX Hub JORC Resources Malomir (670km from POX Hub) Non-refractory 54% / 11.2Moz Pioneer (40km from POX Hub) 20.9 Moz Refractory 46% / 9.6Moz Pokrovskiy POX Hub JORC Reserves Extraction of gold from refractory ore Non-refractory requires additional stages (flotation + 50% / 4.1Moz then pressure oxidation (POX) to extract gold from flotation concentrate) 8.2 Moz Refractory 50% / 4.1Moz (1) In accordance with JORC Code as at 31 Dec 2017, Resources (M,I&I) are inclusive of Reserves

12 The POX Hub Is Designed To Treat Refractory Flotation Concentrate Dry commissioning scheduled for Aug, with full launch in Dec and ramp up to commercial production throughout 2019

Project Overview — The POX Hub will be the second of its kind in Russia Malomir Flotation Plant (stage 1+2) — Mineralogy of reserves at Malomir + Pioneer suitable for Ore processed 5,400 kt processing via flotation + POX Ore grade 1.04 g/t — The hub site leverages existing Pokrovskiy infrastructure + easy Flotation recovery 86% access to power, water, oxygen, lime POX Hub — Project developed in partnership with Outotec, a global leader in Concentrate processed 300 - 330 kt minerals / metals processing technology Gold recovery 93% — As at 31 Dec 2017, the total POX project cash spend amounted Total POX Hub recovery 80% to c.US$233m US$615 - Estimated total operating costs(1) — Outstanding estimated POX capex as at 31 Dec 2017 = 675/oz c.US$62m (excl. Malomir flotation + tailings) — Optionality: ability to process third party ore POX Project Schedule

Malomir Flotation Plant (stage 1 = 3.6Mtpa) Filtration Autoclave Oxygen unit unit station Construction Completed

Commissioning Now

POX Hub Construction Construction Container unit, >90% complete (incl. filtration, autoclaves, oxygen plant) equipment storage Dry commissioning Aug 2018

Note: the first POX plant in Russia was commissioned by Polymetal in 2012 at the Amursk hub, which produced 280 Koz of gold equivalent in 2017 (96.4% recovery) (1) Includes mining costs, transport costs, flotation costs, POX costs

13 POX Hub Overview Process flowsheet and parameters

Malomir concentrate Flotation Plant Flotation Plant Pioneer concentrate . 86% recovery . 82% recovery . 5.5% concentrate MALOMIR PIONEER . 2.9% concentrate yield yield . 24 g/t Au . 24 g/t Au FROM 2018 FROM FROM 2023 FROM

300 – 150 – 330ktpa 170ktpa concentrate concentrate

1 2 POX HUB 3 4 Autoclave Oxidation Concentrate RIP Circuit Doré to Refinery Re-grinding 4x 15mx4m autoclave

TOTAL recovery = c.80%

Recoveries 225°C @ 35 bar 90% -0.044mm Purogold Resin Malomir = 93% 20 - 30 minutes Pioneer = 98 %

14 2018 Outlook

15 FY 2018 Outlook We are in a strong position to complete the transition to a miner capable of realising the significant value of our assets “Following our election in June and the return of Pavel Maslovskiy as Chief Executive Officer, the Board and I would like to reiterate our commitment to the strategic objective: that Petropavlovsk should be at the forefront of Russian gold mining, delivering sustainable and profitable growth through experienced management, technological development and exploration success…” Sir Roderick Lyne, Non-Executive Chairman

1 Production — 400 to 410Koz (POX production excluded from estimates)

2 — Expected 15-20% higher vs. initial guidance of US$700-750/oz due to suboptimal organisation of Total Cash Costs mining works in H1 — But management is focused on expanding margins + we continue to produce healthy cash flows

3 Capex — c.US$105m incl. development, exploration + maintenance spend

4 Hedging — Outstanding forward sales totalling of 300Koz @ avg. price of US$1,252/oz contracts

16 IRC Ltd.

17 IRC Limited (1029.HK) Petropavlovsk has a 31.1% equity interest in the Hong Kong listed iron ore producer

Who are IRC? Current Status A developer + producer of industrial commodities, principally Petropavlovsk is a 31.1% shareholder iron ore. Based in the , IRC benefits from low — IRC is accounted as an associate under the equity accounting production costs and proximity to the Chinese border method — Listed on the Hong Kong Stock Exchange in 2010, raising — Worth US$42m as at 25 July 2018(2) gross proceeds of c.US$240m IRC’s key mining assets are K&S, Kuranakh and US$340m ICBC project finance facility to fund construction of Garinskoye K&S mine is 100% guaranteed by POG — K&S: a producing iron ore(1) mine with a 20 year mine life, — US$204m outstanding principal (as at 20 June 2018)(3) located in the Jewish Autonomous Region, Russian Far East — Latest instalment of c.US$35m (due 20 June 2018) was funded via — Current capacity of 3.2Mtpa, with option to increase to 4.6Mtpa a US$30m bridge loan from Petropavlovsk + IRC’s internal cash (K&S Phase 1.5) and 6.3Mtpa (K&S Phase II) resources — The plant is currently operating at a steady capacity of c.74% as at Q1 2018 Petropavlovsk is constantly assessing the best way to realise the value of its interest embedded within IRC — Kuranakh: currently on care + maintenance since Q1 2016 — Garinskoye: project is at an advanced stage of exploration — Petropavlovsk + IRC approached ICBC to negotiate maturity profile / covenant relaxation  all conditions precedent to grant Making good progress both operationally + financially the ICBC waivers have been fulfilled, waivers now in effect FY 2017 results highlights — Petropavlovsk + IRC are also at an advanced stage of negotiations — FY 65% Fe iron ore concentrate production of 1.56Mt, +339% with a leading Russian lender to assist IRC obtain a loan for the vs. 2016 remaining facility amount — Fivefold increase in revenues to US$109m — Net profit of US$113m vs. net loss of US$18m in 2016 (1) K&S produces premium quality high grade 65% Fe iron ore. During 2017, the average price premium per tonne over 62% Fe iron ore amounted to 17% (2) IRC market capitalisation as at close 25 July 2018 (US$134m) x Petropavlovsk’s equity interest (31.1%) = US$42m (3) Guarantee fee of 1.75% p/a on outstanding facility amount payable to Petropavlovsk by IRC

18 Appendix

19 H1 / Q2 2018 vs. 2017 Operational Results By Mine Pioneer + Pokrovskiy

PIONEER POKROVSKIY

Mining Units Q2 2018 Q2 2017 H1 2018 H1 2017 Q2 2018 Q2 2017 H1 2018 H1 2017 Total material moved m3 ‘000 5,362 3,812 9,449 7,206 – 1,036 152 2,073 Ore mined t ‘000 842 1, 895 2, 183 2, 935 – 392 116 520 Average grade g/t 0.99 0.78 0.96 0.90 – 0.51 0.59 0.5 Gold content oz. ‘000 26.8 47.5 67.1 85.1 – 6.4 2.2 8.4

Processing RIP Q2 2018 Q2 2017 H1 2018 H1 2017 Q2 2018 Q2 2017 H1 2018 H1 2017 Total milled t ‘000 1,670 1,707 3,267 3,349 – 450 223 888

Average grade g/t 0.83 0.78 0.85 0.79 – 0.47 0.55 0.44 Gold content oz. ‘000 44.4 42.7 88.8 85.4 – 6.8 4.0 12.4 Recovery % 80.6 82.4 78.8 76.8 – 84.8 94.2 78.3 Gold recovered oz. ‘000 35.8 35.2 70.0 65.6 – 5.8 3.7 9.7

Heap Leach Q2 2018 Q2 2017 H1 2018 H1 2017 Q2 2018 Q2 2017 H1 2018 H1 2017 Total stacked t ‘000 225 359 225 359 – 246 – 246 Average grade g/t 0.5 0.51 0.5 0.51 – 0.4 – 0.4 Gold content oz. ‘000 3.6 5.9 3.6 5.9 – 3.2 – 3.2 Recovery % 28.5 39.6 28.5 39.6 – 22.4 – 22.4 Gold recovered oz. ‘000 1.0 2.3 1.0 2.3 – 0.7 – 0.7 Gold production (Dore) oz. ‘000 37.7 47.9 78.6 96.4 1.4 8.4 5.6 14.2

20 H1 / Q2 2018 vs. 2017 Operational Results By Mine Malomir + Albyn

MALOMIR ALBYN

Mining Units Q2 2018 Q2 2017 H1 2018 H1 2017 Q2 2018 Q2 2017 H1 2018 H1 2017 Total material moved m3 ‘000 2,266 2,772 4,245 5,126 5,165 7,426 10,107 14,942 Ore mined t ‘000 674 675 1,317 1,434 1,010 1,258 1,877 2,633 Average grade g/t 1.09 0.68 1.22 0.78 0.96 1.19 0.97 1.14 Gold content oz. ‘000 23.5 14.9 51.5 36 31.2 48.1 58.3 96.4

Processing RIP Q2 2018 Q2 2017 H1 2018 H1 2017 Q2 2018 Q2 2017 H1 2018 H1 2017 Total milled t ‘000 772 858 1,645 1,652 1,155 1, 152 2,291 2, 290 Average grade g/t 1.05 0.71 1.15 0.78 0.94 1.23 1.01 1.14 Gold content oz. ‘000 26.0 19.6 60.8 41.7 34.9 45.6 74.1 84.3 Recovery % 68.7 58.9 72.4 59.8 94.3 93.6 93.9 93 Gold recovered oz. ‘000 17.9 11.5 44.0 24.9 32.9 42.6 69.6 78.4

Flotation Plant Q2 2018 Q2 2017 H1 2018 H1 2017 Ore t ‘000 98 – 98 – Grade g/t 0.98 – 0.98 – Gold content oz. ‘000 3.1 – 3.1 – Recovery % 86.5 – 86.5 – Yield % 2.2 – 2.2 – Concentrate produced t ‘000 2.1 – 2.1 – Grade g/t 39.0 – 39.0 – Gold content oz. ‘000 2.7 – 2.7 – Gold production (Dore) oz. ‘000 18.8 12.3 46.8 28.7 30.9 45.7 70.3 93.1

21 Operations Overview Group Production Summary FY 2015 – FY 2017

Mining Units FY 2017a FY 2016a FY 2015a Total material moved m3 000 57,539 61,947 74,775 Ore mined t 000 17,990 10,798 13,960 Average grade g/t 0.9 1.1 1.2 Processing Units FY 2017a FY 2016a FY 2015a RIP Total milled t 000 16,620 16,166 15,910 Average grade g/t 0.8 0.91 1.14 Gold content Koz 448 472 581 Recovery rate % 80% 86% 85% Gold recovered Koz 360 407 492 Heap Leach Ore stacked t 000 1,250 1,141 1,341 Average grade g/t 0.4 0.5 0.6 Gold content Koz 18 18 24 Recovery rate % 50% 51% 52% Gold recovered Koz 9 9 12 TOTAL gold production Koz 440 416 504 Gold sales Koz 440 400 482 Costs Units FY 2017a FY 2016a FY 2015a TCC US$/oz 741 660 749 AISC US$/oz 963 807 874

22 FY 2017 Financial Highlights Profit for the period +31%, Net cash from operating activities +235%

Units 2017 2016 Change

Gold production 000oz 439.6 400.2 +10% Gold sold 000oz 439.8 399.9 +10% Group revenue US$m 587.4 540.7 +9% Average realised gold price US$/oz 1,262 1,222 +3% Total average cash costs (TCC) US$/oz 741 660 +12% All-in sustaining costs (AISC) US$/oz 963 807 +19% Operating profit US$m 111.9 77.0 +45% Underlying EBITDA US$m 196.8 200.1 (2%)

Profit before tax US$m 60.5 27.0 +124% Profit for the period US$m 41.5 31.7 +31%

Net cash from operating activities US$m 124.0 37.0 +235%

Net Debt (as at 31 Dec) US$m (585.1) (598.6) (2%)

Note: Operating profit includes the Group’s share of an estimated partial reversal of previous impairment losses on IRC PPE in relation to the K&S mine, amounting to 31.1% of c.US$130m Profit for the period reflects an increase in operating profit partially offset by the US$29.2m effect of deferred taxation

23 Debt Profile Net debt at a 5 year low, majority of existing debt long term in nature (fixed income)

2020 Convertible Bond 2022 Guaranteed Notes Bank Loan — Principal amount: US$100m — Principal amount: US$500m — Sberbank loan of c.US$4m — Coupon: 9% — Coupon: 8.125% — Maturity: Mar 2020 — Maturity: Nov 2022 — Exchange price: £0.0826 — Rating: S&P = B, Fitch = B-

Debt Composition

17%

1%

83%

Gtd. Notes Issue Convertible Bond Bank Debt

24 Precious Metals Operating Cash Expenses 2017 vs. 2016 Cash expenses increased 18% to US$313m in 2017, due to a stronger RUB + inflation of some RUB denominated costs, particularly energy

FY2016 Precious Metals Operating Cash Expenses FY2017 Precious Metals Operating Cash Expenses (1) Before movement in ore stockpiles, GIC and bullion in process of US$40.5m (2) Before movement in ore stockpiles, GIC and bullion in process of US$19.2m

Labour Labour 21% 23%

Consumables Consumables + + Fuel Other Fuel 14% Consumables + ConsumablesOther + Materials 15% Other Other Materials 37% Materials Materials 34% 37% 37% Other Other 7% 10%

External Services Electricity External Services Electricity 8% 9% 12% 10% = US$266.0m(1) = US$313.4m(2) Note: avg. RUB:US$ FX rate FY2017 = 58.3, FY 2016 = 67.2  13% yoy change

25 TCC / AISC Mine by Mine Group AISC +19% yoy, due to underlying increase in TCC, sustaining capex, exploration spend, prospective stripping and central admin

Total Cash Costs (TCC, US$/oz) All In Sustaining Cash Costs (AISC, US$/oz) US$m Comment Sustaining exploration capex 16.1 Pioneer, Malomir, Albyn Sustaining u/ground capex 8.4 Pioneer, Malomir Planned tailings expansion 7.4 Pioneer, Malomir, Albyn Other sustaining capex 9.1 Across all mines

1,236 1,367 1,278

929 1,029 1,004 878 988 963 791 824 741 789 807 631 660 719 718 581 541

+41% +25% +13% -7% +12% +38% +30% +27% -0% +19%

Pokrovskiy Pioneer Malomir Albyn FY TCC Pokrovskiy Pioneer Malomir Albyn FY AISC 2016a 2017a Change yoy

26 FY2017 Development + Exploration Spend Total FY2017 exploration + development capex = US$88.1m

FY2017 Development Spend (US$m) Comment

— Overall POX development spend as at 31 Dec 2017 = 33.2 US$66.2m c.US$233m

— US$33.2m was spent on POX in 2017 (1) 14.6 12.7 — c.US$62m allocated to POX in 2018 — c.US$6m allocated to Malomir flotation in 2018 3.6 2.2

POX Pioneer Malomir Albyn PPE (1) Includes US$8.1m of flotation and tailing dam related expenditure Upgrade

FY2017 Exploration Spend (US$m)

US$21.9m

11.6

6.4 3.8

Pioneer Albyn Malomir

27