The Group’s mineral resources and ore reserves as at 1 January 2026
Polar Division,According to the JORC Code. In 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves (Norilsk site) using its proprietary methodology. copper‑nickel sulphide ores
Ore, mln t
Metal grade
Contained metal
Ni, %
Cu, %
Pd, g/t
Pt, g/t
Au, g/t
6 PGM, g/t
Ni, kt
Cu, kt
Pd (koz)
Pt, koz
Au, koz
6 PGM, koz
Polar Division,According to the JORC Code. In 2021, SRK Consulting (Russia) completed an estimate of mineral resources and ore reserves (Norilsk site) using its proprietary methodology. copper‑nickel sulphide ores
Ore, mln t
Metal grade
Contained metal
Ni, %
Cu, %
Pd, g/t
Pt, g/t
Au, g/t
6 PGM, g/t
Ni, kt
Cu, kt
Pd (koz)
Pt, koz
Au, koz
6 PGM, koz
Total proven and probable reserves
1,481
0.65
1.13
2.90
0.79
0.16
3.83
9,602
16,714
138,111
37,634
7,589
182,632
Total measured and indicated resourcesProven and probable ore reserves are included in measured and indicated resources.
1,966
0.72
1.17
3.05
0.84
0.17
4.04
14,241
23,101
192,502
53,304
10,857
255,424
Total inferred resources
817
0.67
1.17
3.02
0.80
0.18
3.95
5,502
9,521
79,202
20,975
4,625
103,603
Taimyr Peninsula
Proven and probable reserves
1,323
0.66
1.23
3.24
0.88
0.18
4.29
8,695
16,292
137,959
37,529
7,542
182,363
Measured and indicated resources
1,574
0.74
1.39
3.79
1.05
0.21
5.03
11,648
21,826
191,902
52,915
10,596
254,365
Inferred resources
757
0.67
1.23
3.25
0.86
0.19
4.25
5,044
9,298
79,091
20,904
4,574
103,405
Kola Peninsula, disseminated oreMineral resources and ore reserves at the deposits developed by the Kola site were estimated based on an updated methodology using resource modelling.
Proven and probable reserves
159
0.57
0.27
0.03
0.02
0.01
0.05
907
422
152
105
47
268
Measured and indicated resources
392
0.66
0.33
0.05
0.03
0.02
0.08
2,592
1,275
601
388
262
1,059
Inferred resources
60
0.76
0.37
0.06
0.04
0.03
0.10
458
224
110
71
51
197
Trans‑Baikal Division,In 2021, CSA Global completed an estimate of the Trans‑Baikal Division’s mineral resources in line with the JORC Code based on an updated resource model, which reflects both the complexity and diversity of the deposit’s ore types. gold‑iron‑copper ores
Ore, mln t
Metal grade
Contained metal
Cu, %
Au, g/t
Ag, g/t
Fe, %
Cu, kt
Au, koz
Ag, koz
Fe, kt
Trans‑Baikal Division,In 2021, CSA Global completed an estimate of the Trans‑Baikal Division’s mineral resources in line with the JORC Code based on an updated resource model, which reflects both the complexity and diversity of the deposit’s ore types. gold‑iron‑copper ores
Ore, mln t
Metal grade
Contained metal
Cu, %
Au, g/t
Ag, g/t
Fe, %
Cu, kt
Au, koz
Ag, koz
Fe, kt
Proven and probable reserves
261
0.52
0.64
2.72
18.81
1,349
5,391
22,830
49,084
Measured and indicated resources
282
0.59
0.65
3.18
22.23
1,668
5,884
28,799
62,726
Inferred resources
41
0.61
0.38
3.47
4.27
252
505
4,585
1,755
Existing ore deposits
The Company conducts exploration in the following regions of Russia: the Taimyr and Kola Peninsulas, the Chukotka Autonomous Area, and the Trans‑Baikal and Kamchatka Territories. Through exploration at new and existing mine sites, Nornickel drives increases in its rich and cupriferous ore reserves to support future production from existing sites, viewing it as a key driver of its long‑term growth.
Given the current production rate:
the available resources of copper‑nickel sulphide ores will last for
>
70years,
and those of gold, iron and copper ores – for
>
20years
Existing ore deposits
Deposits: Talnakhskoye and Oktyabrskoye
Minerals: copper‑nickel sulphide ores.
Location: Krasnoyarsk Territory, Norilsk. Geologically, they form part of the Talnakh Ore Cluster and are being developed by the Norilsk site of the Polar Division.
The Company has been developing the Talnakhskoye and Oktyabrskoye deposits since the early 1960s, when multiple deposits of rich, cupriferous, and disseminated ores were discovered within the area. Nornickel is still well supplied with non‑ferrous and noble metals from the uniquely rich and vast resource base of the Talnakh Ore Cluster deposits.
Reserves and resources of the Talnakh Ore Cluster deposits
Deposit: Norilsk‑1
Minerals: copper‑nickel sulphide ores.
Location: Krasnoyarsk Territory, Norilsk. Geologically, it forms part of the Norilsk Ore Cluster and is being developed by the Norilsk site of the Polar Division.
The Company has been developing Norilsk‑1 since the 1930s, currently mining disseminated ores from the deposit’s northern portion. In 2020, the deposit’s resource estimate was updated against new permanent exploratory conditions for open‑pit and underground mining.
Reserves and resources of the Norilsk‑1 deposit
Deposits: Zhdanovskoye, Zapolyarnoye, Bystrinskoye,Located in the Murmansk Region, the deposit is being mined for copper‑nickel sulphide ores. Tundrovoye, Sputnik, and Verkhneye
Minerals: copper‑nickel sulphide ores.
Location: Murmansk Region, Pechengsky District.
Located between Nikel and Zapolyarny, the Zhdanovskoye, Zapolyarnoye, Bystrinskoye, Tundrovoye, Sputnik, and Verkhneye deposits are developed by the Kola site of the Polar Division. Mining has been underway since 1960.
Reserves and resources of the Kola site
Deposit: Bystrinskoye
Minerals: gold‑iron‑copper ores.
Location: Trans‑Baikal Territory, Gazimuro‑Zavodsky Municipal District.
The Bystrinskoye deposit has been developed by the Trans‑Baikal Division since 2017. Mining operations are carried out at two open pits: Verkhneildikansky and Bystrinsky‑2, with two more – Medny Chainik and Yuzhno‑Rodstvenny – scheduled to come online in 2047.
In 2025, the State Commission for Mineral Reserves of the Russian Ministry of Natural Resources reviewed the feasibility study of permanent exploratory conditions (scoped to include the deposit’s deeper reserves) and the reserve statement for the deposit.
Reserves and resources of the Bystrinskoye deposit
Existing non‑metallic deposits
Deposit: Mokulayevskoye
Minerals: limestone.
Location: Krasnoyarsk Territory, Taimyrsky Dolgano‑Nenetsky Municipal District.
In 2018, following the discovery of the Mokulayevskoye limestone deposit located 10 km north‑west of the production sites of Oktyabrsky and Taimyrsky Mines, an exploration and mining licence was obtained for its development. In 2018, the State Commission for Mineral Reserves reviewed the feasibility study of permanent exploratory conditions and the reserve statement for the deposit. The deposit’s limestone reserves – amounting to approximately 136 mln t – were entered into the State Register of Mineral Reserves for potential use in cement and lime production as well as for sulphuric acid neutralisation. The deposit can be developed through open‑pit mining.
In 2022, an exploration campaign was conducted to look into dolomite overburden within the Mokulayevskoye limestone deposit, and since 2023 the Company has been mining limestone at the site.
Deposit: Ozero Lesnoye
Minerals: magmatic rock (basalts).
Location: Krasnoyarsk Territory, Norilsk.
Located 22 km to the north of Norilsk, the deposit consists of two adjacent licence areas (No. 1 and No. 2) which share a common boundary. The deposit is developed within licence area No. 1. In 2017, Nornickel obtained a survey, exploration, and mining licence for the magmatic basalt reserves at licence area No. 2.
In 2022, Nornickel updated its reserve estimate for the deposit’s two licence areas to 189.2 Mcm. In 2023, a technical project was prepared for the further development of the deposit, enabling mining the two licence areas as one open‑pit mine to ensure continuous production, and mining operations commenced at the deposit.
Deposit: Gribanovskoye
Minerals: sand.
Location: Krasnoyarsk Territory, Taimyrsky Dolgano‑Nenetsky Municipal District.
In 2020, Nornickel obtained an exploration and mining licence upon the discovery of the Gribanovskoye deposit, located on the Yenisei River, 22.5 km south of Dudinka. In 2020, the exploration phase was completed and pilot production was carried out at the deposit. A state expert review of the feasibility study of permanent conditions and the reserve statement was conducted in 2021, and sand production was launched in 2022.
Deposit: Gorozubovskoye
Minerals: anhydrite.
Location: Krasnoyarsk Territory, Norilsk.
In 2020, following further examination of the deposit’s flanks carried out as part of follow‑up exploration of the Gorozubovskoye anhydrite deposit, the reserves were converted from C2 to C1. A certificate issued by the State Commission for Mineral Reserves confirmed the parameters of the updated conditions and the anhydrite reserves. The deposit is currently under development.
Since 1967, the Kayerkanskoye deposit has been supplying the needs of the Company’s Norilsk site in materials used to produce fluxes for concentration and metallurgical processes at the metallurgical plants, as well as to manufacture building materials. The deposit is currently under development.
Growth projects
Deposit: Maslovskoye
Minerals: copper‑nickel sulphide ores.
Location: Krasnoyarsk Territory, Norilsk. Geologically, the deposit is part of the Norilsk Ore Cluster.
The Company obtained a licence to explore and mine the Maslovskoye deposit upon its discovery in 2015.
A feasibility study of permanent exploratory conditions and a reserve statement for the Maslovskoye deposit were approved by the State Commission for Mineral Reserves, and its copper‑nickel ore reserves were included into the State Register of Mineral Reserves. B + C1 + C2 ore reserves: 206.8 mln t.
Deposit: Kolmozerskoye
Minerals: lithium, niobium, tantalum, beryllium.
Location: Murmansk Region, Lovozersky District.
In 2023, an exploration and mining licence (under a 50%/50% JV arrangement) was obtained for the Kolmozerskoye deposit, located within an area of federal significance.
Exploration of the deposit was carried out between 2023 and 2025. The State Commission for Mineral Reserves reviewed and approved the feasibility study of permanent exploratory conditions and the reserve statement for the deposit. Lithium ore reserves classified as B + C1 + C2 and totalling 152.6 mln t, including 1.7 mln t of lithium oxide, were entered on the State Register of Mineral Reserves.
Deposit: Bystrinsko‑Shirinskoye
Minerals: gold ore.
Location: Trans‑Baikal Territory, Gazimuro‑Zavodsky Municipal District.
Geological exploration is ongoing at the deposit to study the flanks and deep horizons of the deposit, which are characterised by a highly complex ore body structure. The Company expects to complete metallurgical testing in 2026, planning to submit the feasibility study of permanent exploratory conditions and the reserve statement for the deposit for state expert review in 2027.
Deposit: Western flank of the Oktyabrskoye deposit
Minerals: copper‑nickel sulphide ores.
Location: Krasnoyarsk Territory, Norilsk. Geologically, the deposit is part of the Talnakh Ore Cluster.
Licensed for prospecting in 2017, the area shares a boundary with the earlier licensed mining area at the Oktyabrskoye deposit. In 2025, appraisal activities were completed at the Zapadny licence area, where prospecting had earlier confirmed the presence of copper‑nickel ores. The area’s reserve statement passed a state expert review at the State Commission for Mineral Reserves, with its C1 + C2 reserves confirmed as follows: rich ores – 224.5 kt, cupriferous ores – 2,287.3 kt, and disseminated ores – 667.1 kt.
Promising areas and prospects
Area: Yuzhno‑Norilskaya
Minerals: copper‑nickel sulphide ores.
Location: Krasnoyarsk Territory, Taimyrsky Dolgano‑Nenetsky Municipal District.
In 2019, the Company obtained prospecting licences for the Morongovsky and Yuzhno‑Yergalakhsky copper‑nickel sulphide ore prospects within the Yuzhno‑Norilskaya area. In 2021 and 2022, prospecting of the areas was conducted, including prospecting drilling. An estimate of inferred copper‑nickel sulphide ore resources was completed. The resources total 46 mln t, are located on the flanks, and have potential for extension beyond the boundaries of both prospects. In 2023, a subsoil use licence was obtained for the adjacent Mezhdurechensky licence area. In 2024, a geological exploration project was developed, and prospecting commenced in 2025. Drilling is planned for 2026–2028, following which a report on the exploration area’s potential will be prepared.
Location: Kamchatka Territory, Penzhinsky Municipal District. Chukotka Autonomous Area, Anadyrsky Municipal District.
In 2024, Nornickel obtained a prospecting licence for the Chuvanskaya Area site. In 2025, a geological exploration project was developed, and prospecting activities were carried out, including geophysical and geochemical surveys. Drilling is planned for 2026–2027, following which a report on the exploration area’s potential will be prepared.
Location: Chukotka Autonomous Area, Anadyrsky Municipal District.
In 2025, Nornickel obtained a prospecting licence for the Yuzhno‑Tanyurerskaya area site. In 2026, preparation of a geological exploration project is planned, followed by a set of prospecting activities.
