AW1 General Chat, page-3072

A bit more context for people who are interested in Udokan. Udokan is one of the world's largest deposits, but the reason I am discussing it is not size but rather it's location as a mine of similar grade to us, in a very inhospitable arctic environment.

Information is quite hard to find about russian deposits, but their grade is on average 1.05% so high grade. They claim this on their website:
Udokan ores will be processed using a unique flotation and hydrometallurgy scheme
https://udokancopper.ru/en/

If one looks into the history of the deposit, it was known about since soviet times but technology was not there to exploit it until more modern times. Despite it having complex metallurgical problems to resolve, the project has gone ahead and is starting up as of 2024. This proves to us that it is economical to some degree.

Therefore we have a mine which is operating in a difficult and more challenging environment, with similar grades and also similar distances from transport (they have rail, we have sea) which shows us that despite more metallurgical problems a project can easily go ahead.

Oh and they are also subject to sanctions which made it harder for them to do a variety of things.

I think it is a great example for us to see our potential in a somewhat similar scenario.