The formation age of the lithospheric mantle of the Siberian craton (one of the largest on Earth) is not well established; nearly all published whole-rock Re–Os data are for mantle xenoliths from a single kimberlite in the center of the craton (Udachnaya). We report Re–Os isotope and PGE concentration data for 19 spinel and garnet peridotite xenoliths from the Obnazhennaya kimberlite in the northeastern portion of the craton. Most samples in this study, and many Obnazhennaya peridotites in general, show a combination of relatively low Al2O3 (0.1–2%) with high CaO (1.4–4%) concentrations. Only four dunites and harzburgites in our sample suite have low contents of both Al2O3 and CaO (0.1–0.8%), but their relatively low Mg# (0.888–0.919) and highly variable Os concentrations (0.6–35 ppb) suggest they may have formed in melt migration channels rather than as residues of partial melt extraction. A group of six Ca-rich (2.0–3.2% CaO) peridotites yields the highest Re–Os model ages (mean TRD = 2.8 Ga, mean TMA = 3.5 Ga). Eight peridotites with low to moderate Al2O3 ( 2.6% and/or Mg# ≤0.90). We interpret these results as evidence for a two-stage formation of the lithospheric mantle. The peridotites formed at the two stages show very similar chemical compositions. The enrichment in Ca, which we attribute to widespread post-melting metasomatism by carbonate-rich melts, may have taken place either at the end of the Archean melting event, when at least one Ca–Al-rich peridotite was formed, or later. The combined Re–Os age data on xenoliths from Obnazhennaya and Udachnaya suggest that the lithospheric mantle beneath the Siberian craton was not formed in a single event, but grew in at least two events, one in the late Archean and the other in the Paleoproterozoic. This study further indicates that the formation of highly melt-depleted lithospheric mantle was not limited to the Archean, but continued well into the Paleoproterozoic when the Siberian craton was stabilized.