Located in the Southern Ural mountain chain region, the Maminskoye property was acquired by Frontier as part of its acquisition of Coville Intercorp assets in 2010.
The asset has a current Russian Federation Certified C1 & C2 resource of 27,177 kilos of gold, Frontier said.
Frontier CEO Erlan Sagadiev said the sale of Maminskoye represents a transformational transaction for the company’s shareholders.
"Following our consolidation with Coville, we have steered Frontier towards becoming a solid Kazakh focused copper producer with a substantial project pipeline," Sagadiev said.
