Poliarm LLC intends to continue geological exploration at the Lichkvaz-Tey gold and copper deposits.
Poliarm bought 100% of the Armenian company, owner of the license to develop the deposits, in 2015.
JORC resources of the deposits are estimated at 600 thousand ounces (18.7 tons) of gold equivalent. The Lichkvaz contains 4.3 million tons of ore with the average contents of 4.2 g per ton. (Ukrainian metal)