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Projects

Carmacks

Snapshot

Based on the "NI 43-101 Preliminary Economic Assessment Technical Report on the Carmacks Project, Yukon, Canada" prepared by JDS Energy & Mining, Inc. and filed on SEDAR November 25, 2016 (the "2016 PEA")
Ownership 100%
Resource 15.69 million tonnes oxide, 0.94% Cu, 0.38 g/t Au, and 3.97 g/t Ag; Measured and Indicated (2016 PEA)
Primary Metals Copper, Gold and Silver
Process Two-stage agitated tank leach. First stage sulphuric acid leach followed by solvent extraction/electrowinning for recovery of copper. Second stage cyanide leach of rinsed/neutralized slurry for gold and silver recovery by Carbon-in-Leach (CIL). Barren slurry treated for cyanide destruction and filtered for final dry stack placement (PEA November 25, 2016)
End Products Copper cathode, Gold-Silver dore
Mine Type Open pit
Mine Life 7+ years (based on 2016 PEA using only 11.98 Mt of ME+IN oxide resource in Zones 1, 4, 7 and 7A, with average head grades of 0.977% Cu, 0.43 g/t Au, and 4.34 g/t Ag)
Employees 261 (peak production)
Location 220 km north of Whitehorse, Yukon - 400 km from year-round port at Skagway, AK
Infrastructure Good road access, upgrade of a 13 km access road
Power 11 km from Yukon power grid
Status Engineering / Permitting

Notes:

The 2016 PEA supersedes all previous NI 43-101 Technical Reports for the Carmacks Project. The PEA was prepared in accordance with the requirements of NI 43-101 by JDS Energy & Mining, Inc. of Vancouver, British Columbia, with geology and mineral resource estimation by Arseneau Consulting Services Inc. of Vancouver, British Columbia, metallurgy by Dreisinger Consulting Inc. of Vancouver, British Columbia, and mining method by Independent Mining Consultants Inc. of Tucson, Arizona. Geotechnical, water management and water quality studies were conducted by Golder Associates Ltd. of Vancouver, British Columbia. Environmental data were collected by Access Consulting Group of Whitehorse, Yukon.

The 2016 PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. Refer to the 2016 PEA, filed on SEDAR under the Company's profile on November 25, 2016, for a discussion of the applicable qualifications and assumptions and the impact of the results of the previous studies on the Carmacks Project.