IG Copper (IGC) is the prime corporation of a series of exploration, development and service companies termed the IG Group operating in the Far East region of the Russian Federation. The IG Group team has been actively exploring and developing in Russia since 2005.
IGC is the 51% holder of the Malmyzh Project joint venture in the Russian Far East. Its wholly owned Russian subsidiary; Amur Minerals operates and manages the Malmyzh Project on behalf of the joint venture partners.
Malmyzh is an advanced copper-gold exploration property, 210kms northeast of Khabarovsk, Russia. Malmyzh is one of the largest developable copper-gold projects in the world today. To date, four deposits have been identified and subject to both Russian standard GKZ reserves and NI43-101 resource estimates.
GKZ reserves stand at 1.39billion tonnes of C1 and C2 reserves at 0.52% CuEquivalent (0.3% cut-off grade).
National Instrument 43-101 studies indicate an inferred resource of 1.66billion tonnes at 0.42CuEquivalent (0.3% cut-off grade).
Through other subsidiaries, IGC also has 100%-owned exploration permits in the Far East region, and operates an exploration services company, KolymaGeo LLC.