1976

Preliminary Feasibility Study


1976 - 1982

Past producer, 5.8 million tons of ore, average grade 1.13% copper and 0.14% nickel. In addition, 17,500 troy ounces platinum; 47,000 troy ounces palladium; 17,000 troy ounces gold, and 900,000 troy ounces silver. Closed due to decline in copper prices.


2006

Technical Report NI 43-101 compliant Resource Estimate


2017

Independent NI 43-101 compliant Technical Report and Preliminary Economic Assessment completed, and increase land position by 40%. 


2018

Commencing Bank Feasibility Study.

 

Operations Schedule

2018

Commencing Bank Feasibility Study.

Potential C$4 million Private Placement equity investment.

Sign Earn In Option Assignment with Peblik Inc. for potential $14 million USD Private Placement equity investment.


2020

Potential pre-production initiatives begin including surface buildings, open pit pre-stripping, mine and stope development, commissioning, underground mining and open-pit equipment, electrical power supply, etc.


2021

Potential Stage 1 Production: 1,400,000 tonne per year.


2022

Potential Stage 2 Production: increasing to 5,400,000 tonne per year.


 

Finance Schedule

2018 - 2019

Potential C$4 million Private Placement equity investment.

Potential USD$14 million Peblik Private Placement equity investment.

Potential C$30 million equity and flow-through investment.  


2020

Potential C$63 million funded through initial off take agreements, and/or credit, debt, project, and bank finance, and/or JV agreements for Stage 1 Production.


2021

Potential C$397 million funded through initial off take agreements, and/or credit, debt, project, and bank finance, and/or JV agreements for Stage 2 Production.

Potentially continue to develop off take agreements.