chapter 5 deposit appraisal and mine development · 2015. 3. 16. · 83 repor 2013 photo : mern...

83 Report on Mineral Activities in Québec - 2013

Photo : MERN

CHAPTER 5

Deposit appraisal and mine developmentMartin Bernatchez, Katrie Bergeron, Denis Blackburn, Dominic Fragasso, Germain Girard, Denys Laplante, Jacinthe Paquet and Denis Raymond

During 2013, twenty-eight mining projects were in the deposit appraisal phase (Figure 5.1 and Table 5.1) and eight projects, in the mine development phase (Figure 5.2 and Table 5.2).

5.1 Deposit appraisalAlumina

Orbite Aluminae is planning to develop an argillite deposit in Grande-Vallée, Gaspésie. The company wants to produce smelter-grade alumina (SGA) to supply aluminium smelters in Québec and around the world. Argillite resources are estimated at one billion tonnes at an average grade of 23% aluminium oxide. Orbite Aluminae is currently finalizing the construction of a high-purity alumina (HPA) production facility in Cap-Chat, Gaspésie, and intends to build a smelter-grade alumina (SGA) production plant subsequently.

Diamond

Stornoway Diamond Corporation completed construction of segments C and D of the Route 167 Extension, in order to reach its Renard project located north of the Monts Otish, about 360 km north of Chibougamau. The company also began construction of an airfield in the fall of 2013. Raising the necessary financing is the last step leading to the start of construction at the Renard project, which is scheduled to take two years. Mining operations will take place in open pit and underground, to produce on average 1.6 million carats of diamonds per year. The capital cost of the project is estimated at $832M and the mine will provide some 480 jobs for an expected mine life of 11 years.

Iron

Champion Iron Mines focused most of its efforts on raising the financing required to continue a feasibility study on the Fire Lake North iron ore project. In the late fall of 2013, the company announced it had raised the financing for the study. The feasibility study is now scheduled for release in the summer of 2014. The company is aiming to begin mining operations in late 2016.

Oceanic Iron Ore Corporation reviewed its plans concerning development of the Hopes Advance project located near Aupaluk (west coast of Ungava Bay). The feasibility study, initially scheduled for release in 2013, has been post-poned until 2014. Mining operations are expected to begin in 2018 at the earliest.

In the spring of 2013, partners New Millennium Iron Corporation and Tata Steel Minerals Canada received a preliminary version of the feasibility study for the Taconite-KéMag project, located north of Schefferville. Since that time, the two companies have been working to finalize the study, scheduled for release during the first quarter of 2014. The anticipated date for the start of production will be known at that time.

In May 2013, the two partners on the Duncan Lake project, Augyva Mining Resources and Century Iron Mines Corporation, released a preliminary economic assessment. The cost of the project is estimated at $4B to produce 12 Mt of iron pellets. A feasibility study is scheduled for release in the summer of 2014. Mining operations are expected to begin in 2017.

84Report on Mineral Activities in Québec - 2013

Lac Otelnuk Mining (LOM) is a joint venture between Adriana Resources and WISCO (a Chinese steelmaker). In October 2013, LOM commissioned engineering firm SNC-Lavalin to finalize a feasibility study on the Lac Otelnuk project, located 150 km north of Schefferville. The feasibility study is expected toward the end of 2014. Mining operations could begin in 2019.

Barlow Mine, a privately-funded company, continued exploration work and studies on its Montgolfier Iron Hills project located approximately 14 km south of the former Selbaie mine. The company intends to complete a prefeasibility study, then a feasibility study for 2015, but is in search of financing. The main issues in this project are the transportation of iron ore concentrate and the power supply. In January 2012, the company released a NI 43-101 compliant technical report on the project.

Iron-titanium-vanadium

In early December 2013, the MDDEFP delivered an environmental certificate of authorization to BlackRock Metals for the construction of the BlackRock mine site, located east of Chibougamau. The company is still waiting for its federal certificate of authorization. The company intends to complete the financing for the project over the course of 2014 and start the construction phase, with the objective of beginning mining operations in the spring of 2016.

Graphite

Mason Graphite Corporation released on April 23, 2013, the results of a preliminary economic assessment on the Lac Guéret project, located 260 km north of Baie-Comeau on the southwest shore of Réservoir Manicouagan. Based on an initial capital cost estimated at $130M, annual production would be on the order of 176,000 tonnes of ore grading 27.4% graphitic carbon (Cgr) over a mine life of 22 years. Primary processing will take place on site, to produce 50,000 tonnes of concentrate grading 93.7% Cgr. The company is planning a drilling campaign during the winter of 2013-2014 as well as metallurgical tests and intends to publish a feasibility study in the fall of 2014.

Focus Graphite updated its preliminary economic assessment (PEA) of 2012 concerning the Lac Knife project located 35 km south of Fermont. According to information published in November 2013, conclusive metallurgical results indicate a higher grade product upon primary concentration. The thermal purification process considered in the first study was abandoned, thus reducing the initial capital cost to $126M. The expected annual production is 300,000 tonnes of ore grading 15.66% graphitic carbon (Cgr) over a mine life of 20 years. According to the company, mining operations may begin in 2016 and would create up to 92 jobs. Primary processing will take place on site, to produce 44,300 tonnes per year of concentrate grading 96.6% Cgr. The company is planning to produce high-purity processed natural graphite for the battery market, and flake concentrate.

Lithium

In the Abitibi region, adjacent to the Québec Lithium project of Québec Lithium inc., a subsidiary of Corporation Canada Lithium, Glen Eagle Resources continued work on the Authier project. An open pit mine producing 1,000 tonnes per day of spodumene ore is being considered. Glen Eagle Resources is also examining the possibility of producing lithium metal.

In the Baie-James region, about 30 km east of the Nemaska Cree community and about 280 km north of Chibougamau, Nemaska Lithium continued deposit appraisal work on the Whabouchi project. The projected open pit mine and concentrator with an annual capacity of 213 Kt of spodumene concentrate will supply a processing plant located in Valleyfield, near Montréal. The plant would produce 20 Kt per year of lithium hydroxide and 5-10 Kt per year of lithium carbonate. The entire project represents a global investment of $477M and would create 190 jobs on the mine site and 75 jobs at the processing plant. A feasibility study is scheduled for release in early 2014. Nemaska Lithium has also launched the permitting process leading to construction.

Lithium and tantalum

About 30 km north of the Nemaska Cree community on the Rose tantalum-lithium project, Critical Elements Corporation plans to mine lithium and tantalum ore from an open pit mine and concentrate it on site. The company is also examining the possibility of building a lithium carbonate production plant on the mine site. According to the preliminary economic assessment, the estimated cost for the project is $270M. Critical Elements Corporation has undertaken various work programs, testing and studies in preparation for an upcoming feasibility study.


Nickel, copper, cobalt, and platinum group elements (PGE)

In May 2013, Royal Nickel Corporation published a feasibility study on the Dumont Nickel project located near Amos. The cost of the project is estimated at $1.3B for an annual production of 30 Kt of nickel concentrate. The company is hoping to receive its environmental certificate of authorization by July 2014, which would enable it to raise the necessary financing of the project and begin construction of the mining site. Mining operations on this project could begin in 2016.

Niobium and tantalum

Northwest of Girardville in the Lac-Saint-Jean region, deposit appraisal work continues on the Crevier niobium-tantalum project by Les Minéraux Crevier, a subsidiary of MDN. A feasibility study is underway and is scheduled for release in 2014. The estimated cost for the project is $479M and the project would create 300 jobs. Mining operations are expected to begin in 2017.

Gold

Conway Resources concluded the acquisition of mining titles of the former Belleterre Mine. Following changes in the board of directors and financial restructuring, Conway Resources announced its intention to close the company by liquidating its assets. A notice to its creditors was sent by the trustee in bankruptcy. The company considers that the lack of annual financing and increasing expenses for a junior public company were responsible for it maintaining a high debt ratio.

A preliminary economic assessment was published in February 2013 by Clifton Star Resources for the Duparquet project, located near the town of Duparquet in the Abitibi-Témiscamingue region. The study focuses on a project to mine the gold deposit by open pit as well as the tailings of the former Beattie mine. The mine life is estimated at 16 years, at a production rate of 8,000 tonnes of ore per day. It would require investments on the order of $370M. A prefeasibility study is scheduled for release in 2014.

The Fayolle project held by Typhon Exploration and Hecla Québec is located 40 km northeast of Rouyn-Noranda, near the southern limit of the Parc national d’Aiguebelle. In March 2013, a preliminary economic assessment was published. Two scenarios were considered: open pit mining and underground mining. The life of the mine could reach three years and the daily production capacity would be in the order of 750 to 1,000 tonnes of ore. Investments for the open pit mine and the underground mine are respectively estimated at $5.9M and $22.7M. Typhoon Exploration carried out additional work to increase mineral resources on the property.

Gold Bullion Development Corporation released in February 2013 a preliminary economic assessment on the Granada project considering open pit mining and underground mining operations. The investment required for the project is estimated at $259M. The mine life is estimated at 11 years and the proposed mill has a daily capacity of 7,500 tonnes of ore. This project is located 2.5 km south of the town of Granada and about 9 km south of Rouyn-Noranda. The prefeasibility study, initially scheduled for the end of 2013, has been postponed.

On the Joanna project located east of Rouyn-Noranda, Hecla Québec announced it was postponing its decision to mine the Hosco ore deposit, despite the positive outcome of the feasibility study. This announcement comes in the wake of excellent exploration results obtained on the Heva and Hosco West zones, namely indicating higher gold grades and better metallurgical properties. The potential for a mining operation on the Joanna project thus remains quite realistic.

QMX Gold Corporation (formerly Alexis Minerals Corporation) is still involved in an arbitration process with Thundermin Resources concerning the Lac Pelletier property located near Rouyn-Noranda. The latter is the registered holder of the claims and mining concessions that make up the Lac Pelletier property, however QMX Gold Corporation has performed deposit appraisal work on the property.

In March 2012, Richmont Mines announced the results of a preliminary economic assessment on the Wasamac property located near Rouyn-Noranda. Since the project provided a less than adequate return on investment, explora-tion and deposit appraisal activities on this property were suspended in November 2012. The company still considers this project as an important asset, not only because of its location and size, but because it remains interesting if gold prices increase. This project will be re-examined in the event of a material change in economic parameters or if further geological information on this project makes it more attractive to develop. Public consultations with local communities near Wasamac will continue so as to maintain open lines of communication and to ensure activities are carried out in a socially acceptable manner.


Phosphate

Mine Arnaud heads the Arnaud mining project located about 15 kilometres west of Sept-Îles. In August 2013, the company released a prefeasibility study. The project involves an open pit mine with an estimated mine life of 28 years and a mill. The average annual production will be on the order of 1.4 Mt of apatite concentrate. This project will provide nearly 340 jobs during the mining phase. During the months of August and September 2013, the Arnaud mining project was submitted to public scrutiny during the public hearings held by the BAPE (Bureau d’audiences publiques sur l’environnement). The BAPE report is scheduled for publication in early 2014.

Arianne Phosphate released in June 2013 an environmental impact study for the Lac à Paul project, located about 200 km northeast of the town of Saguenay, followed by a feasibility study in November 2013. The project, involving an open pit mine and a mill, is expected to produce, on average, 3 Mt per year of apatite concentrate. Initial capital costs are estimated at US$982.5M for the mine and US$232.2M to transport the apatite concentrate from the mine site to a shipping dock on the north shore of Rivière Saguenay in Saint-Fulgence. Mining operations could begin in 2016 and the mine would generate 375 jobs over a period of nearly 26 years.

Rare earths

In the Labrador Trough, about 130 km south of Kuujjuaq, Commerce Resources Corporation is continuing its metallurgical tests, environmental analyses and geotechnical drilling on the Ashram (Eldor) project to carry out a feasibility study. According to the preliminary economic assessment, the project includes an open pit mine, a mill and a hydrometallurgical plant. A mixed rare earth carbonate concentrate would be produced at a rate of 16.8 Kt per year over a period of at least 25 years. Capital costs for the project are estimated at $763M, including the cost of building a road and port facilities. The project would create 230 jobs.

About 220 km northeast of Schefferville, work by Quest Rare Minerals Corporation is progressing rapidly on the B-Zone deposit on its Strange Lake project. The prefeasibility study was released on November 23, 2013. The project involves an open pit mine, a mill and a hydrometallurgical plant where products will be separated. The production of mixed rare earth oxide concentrate and niobium and zirconium by-products is being considered. Quest Rare Minerals is planning to ship its entire ore production (1.4 Mt per year) by truck then by boat to Bécancour. To do so, the company needs to build a 165-km road to Anaklalak Bay in Labrador as well as port facilities ($330M). In 2016-2017, the company is planning to develop the mine site at Strange Lake and to build the hydrometallurgical plant in Bécancour, at a cost of $1.3B. Mining operations are expected to begin in late 2017. This project will cost an estimated $2.56B and will create 500 jobs during the construction phase and 834 jobs during the mining phase (324 jobs at the mine, 381 jobs at the plant, and 129 jobs in administration and infrastructure). The company is working to raise the $50M required to complete the feasibility study, scheduled for 2014. It also wishes to interest a strategic partner to advance the project.

In the Témiscamingue region on the Zeus property, Matamec Explorations completed a feasibility study on the Kipawa rare earth project in September 2013. It is the first study of its kind in Québec. Toyotsu Rare Earth Canada (TRECan) is the strategic partner of Matamec Explorations on this project. A new phase of metallurgical testing, pro-cess optimization and engineering is planned in the coming months. The permitting process is underway. The project involves an open pit mine, a mill and a hydrometallurgical plant, to produce annually 3.6 Kt of mixed heavy rare earth concentrate and mixed light rare earth concentrate. Mining operations may begin in 2016. The estimated cost for the project is $374M and 230 jobs would be created.

Two other projects at the advanced exploration phase are also worthy of mention, namely the Montviel project by GeoMegA Resources near Lebel-sur-Quévillon and the Niobec rare earth project by Mines Niobec (IAMGOLD Corporation) near Saguenay. In addition, Innovation Metals is currently considering a project to build a rare earth separation plant in the Bécancour area.

Zinc

Glencore Canada Corporation and Donner Metals were bound by an agreement, the Matagami Exploration Joint Venture, focusing on five (5) distinct properties in the Matagami area. On December 12, 2013, Donner Metals agreed to sell to Glencore Canada Corporation its interest in this joint venture.


5.2 Mine developmentAlumina

In December 2013, Orbite Aluminae was in the process of finalizing construction of a high-purity alumina (HPA) production facility in Cap-Chat, Gaspésie. The company will proceed once it has raised the necessary financing. The plant will be supplied with smelter-grade alumina (SGA) from Orbite, if its SGA plant is commissioned, or from another supplier. Commercial production at the plant is expected to be on the order of 3 tonnes per day in the fourth quarter of 2014, ramping up to 5 tonnes per day during the first half of 2015. HPA will be sold to clients for the production of ceramics, electronic components, sapphires, and light-emitting diodes (LED). Subsequently, Orbite Aluminae will proceed with its construction project to build a SGA production plant.

Iron

Tata Steel Minerals Canada (TSMC), a joint venture between New Millennium Iron Corporation and Tata Steel, began open pit mining operations to produce high-grade (~60%) iron ore on the DSO project near Schefferville. From 2014 onward, the company intends to improve its ore processing methods. The commissioning and ramp-up period for the project will continue throughout 2014.

Lithium

In the Abitibi region near La Corne, Québec Lithium inc., a subsidiary of Canada Lithium Corporation, finalized at year-end the construction of mining and processing infrastructure as well as the lithium carbonate production plant on the Québec Lithium project. The commissioning and ramp-up period is underway and commercial production will be achieved in early 2014. The processing plant processes spodumene ore from the nearby open pit mine. The annual production is expected to reach 20,000 tonnes of lithium carbonate. The expected mine life would be 15 years and about 200 jobs will be created. A five-year offtake agreement for 12,000 to 14,400 tonnes per year of lithium carbonate was concluded with a Chinese company. This is the first active spodumene mining operation and lithium carbonate production plant in Québec since 1955. In December 2013, Québec Lithium inc. and Sirocco Mining announced their intention to merge the two companies. Sirocco operates an iodine mine in Chile.

Nickel, copper, cobalt, and platinum group elements (PGE)

Canadian Royalties, a subsidiary of Jilin Jien Nickel, completed construction work on its Nunavik Nickel project, with the exception of port facilities in Deception Bay. This mine site is located about 100 km west of the Inuit com-munity of Kangiqsujuaq. Mining and processing operations began during the first half of 2013. The commissioning and ramp-up period took much longer than expected, putting the company in a difficult situation. The company is hoping for a turnaround in 2014.

Gold

The Elder project held by Abcourt Mines is located about 10 km northwest of Rouyn-Noranda. In November 2012, Abcourt Mines released a preliminary economic assessment for an underground mining project at the former Elder mine. In April 2013, the company received the certificate of authorization to extract 75,000 tonnes of ore, which represents 12,500 ounces of gold. Ore extracted to date has been shipped to the Sleeping Giant mill (property of Aurbec Mines) located 195 km from the mine site. The first gold bar was produced in mid-October, but the project did not reach commercial production in 2013.

In the Baie-James region, the Eleonore project is in construction at a cost of $1.75B. Les Mines Opinaca, a subsidiary of Goldcorp, intends to commence production at the end of 2014. This will be an underground mine with a capacity of 7,000 tonnes of ore per day, for an average annual production of 600,000 ounces of gold. Mining operations are expected to last 10 years and create more than 600 jobs.

Agnico Eagle Mines continued development work on two new zones at the Goldex mine near Val-d’Or over the course of 2013. Capital investments are estimated at about $100M, to consolidate 150 jobs and create 100 additional jobs. Extraction and crushing activities resumed in satellite zones E and M at the end of the third quarter of 2013. Commercial production is expected to be achieved in early 2014 and will last an estimated 4 years. The mine and processing plant are located about 60 km east of the LaRonde mine, Agnico Eagle property. In October 2011, production was suspended in the GEZ zone due to geotechnical problems. The company performed the necessary work to correct the situation. Exploration in the deeper D zone could extend the mine life.


About 25 km south of Matagami, North American Palladium (NAP) worked to bring the Vezza mine into production. Annual production was expected to reach 39,000 ounces of gold over a period of 7 to 9 years. The company announced however its intention to sell the property. In March 2013, Maudore Minerals acquired all of NAP Québec’s assets (Vezza mine, Sleeping Giant mine, mill, tailings pond, exploration properties) for $18M and 1.5 million shares and created a subsidiary, Aurbec Mines. In July 2013, Maudore Minerals suspended development work at the Vezza mine and moved some of the workers to the Sleeping Giant site to conduct exploration and development work with the objective of resuming mining operations. In November 2013, processing of stockpiled ore at Vezza was completed. Stopes will be allowed to flood. The Vezza project is now classified as a deposit with a tonnage estimate pending an eventual resumption of operations.

On June 4, 2013, IAMGOLD Corporation inaugurated the Westwood mine. The capital cost for the Westwood project, including refurbishing the Doyon processing plant, totalled $700M. The annual gold production will be 186,000 ounces over a mine life estimated at 19 years. A total of 700 employees will be required at the underground mine and the processing plant. Gold ore from Westwood will be processed at the Doyon mill. Tailings and waste rock generated from mining operations will be used to rehabilitate the former Doyon mine. In the fall, the company revised and postponed the date of commercial production to the third quarter of 2014. In 2013, IAMGOLD Corporation launched a $100M cost reduction program.


géotechniques. La société a réalisé les travaux nécessaires pour corriger cette situation. L’exploration de la zone D, plus profonde, pourrait prolonger la vie de la mine.

À 25 km au sud de Matagami, North American Palladium (NAP) s’affairait à mettre en production la mine Vezza. La production annuelle projetée était de 39 000 onces d’or sur une période de 7 à 9 ans. Toutefois, NAP avait annoncé son intention de vendre la propriété. En mars 2013, Minéraux Maudore se porte acquéreur de tous les actifs (mine Vezza, mine Géant Dormant, concentrateur, parc à résidus, propriétés d’exploration) de NAP Quebec pour 18 M$ et 1,5 million d’actions et crée la filiale Mines Aurbec. En juillet 2013, Minéraux Maudore suspend le développement de la mine Vezza et déplace une partie des emplois vers le site de Géant Dormant pour y faire de l’exploration et du développement en vue d’une reprise de l’exploitation. En novembre 2013, le traitement du minerai empilé de Vezza est terminé. Les chantiers seront ennoyés. Le projet Vezza est ramené au stade de gisement avec tonnage évalué en attendant une éventuelle reprise.

Le 4 juin 2013, IAMGOLD Corporation a inauguré la mine Westwood. L’investissement total pour le projet Westwood, incluant la rénovation de l’usine de traitement Doyon, est de 700 M$. La production aurifère annuelle serait de 186 000 onces d’or, pour une durée de vie estimée à 19 ans. Le nombre d’employés prévu pour la mine souterraine et l’usine de traitement serait de 700. Le minerai de Westwood serait traité à l’usine Doyon. Les résidus et les stériles générés seraient utilisés pour restaurer l’ancienne mine Doyon. À l’automne, la société a révisé et reporté la date de production commerciale au troisième trimestre de 2014. Pour 2013, IAMGOLD Corporation a instauré un programme de réduction des coûts de 100 M$.

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17- Belleterre (Conway Resources)18- Duparquet (Clifton Star Resources)19- Fayolle (Typhon Exploration / Hecla Québec)20- Granada (Gold Bullion Development Corp.)21- Joanna (Hecla Québec)22- Lac Pelletier (QMX Gold Corp. / Thundermin Resources)23- Wasamac (Richmont Mines)

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24- Arnaud (Mine Arnaud)25- Lac à Paul (Arianne Phosphate)

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12- Authier (Glen Eagle Resources)13- Rose Tantalum-Lithium (Critical Elements Corporation)14- Whabouchi (Nemaska Lithium)

3- Blackrock (Blackrock Metals / Perilya)4- Fire Lake North (Champion Iron Mines)5- Hopes Advance Bay (Oceanic Iron Ore Corp.)6- KéMag (taconite) (New Millennium Iron / Tata Steel Minerals)7- Lac Duncan (Augyva Mining Resources / Century Iron Mines)8- Lac Otelnuk (Lac Otelnuk Mining)9- Montgolfier Iron Hills (Barlow Mine)

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Graphite10- Lac Guéret (Mason Graphite Corporation)11- Lac Knife (Focus Graphite)

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Mining projects

Figure 5.1 - Location of projects in the deposit appraisal phase in Québec in 2013.


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Figure 5.2 - Location of the mining projects in the development phase in Québec in 2013.


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e l

ife

Alu

min

a

1LE

FRA

NC

OIS

/ 22

H03

/

Gas

pés

ie –

Îles

-de-

la-

Mad

elei

ne

Gra

nd

e-Va

llée

Orb

ite

A

lum

inae

Arg

illit

eO

pen

pit

min

eA

lum

ina

n/a

n/a

n/a

67.3

Mt

at23

.4%

Al 2O

3

6,96

0 t/

d(m

ill)

n/a

100

year

s

Dia

mo

nd

233

A16

/

No

rd-d

u-Q

uéb

ecR

enar

dS

torn

ow

ay

Dia

mo

nd

C

orp

ora

tio

n

Kim

ber

lite-

ho

sted

d

iam

on

d d

epo

sit

Op

en p

it a

nd

u

nd

erg

rou

nd

min

e

Dia

mo

nd

n/a

*23.

79 M

t at

0.75

5 c/

tn

/a35

.45

Mt

at0.

764

c/t

29.6

7 M

t at

0.57

c/t

7,00

0 t/

d(m

ill)

2016

11 y

ears

Iro

n, ir

on

-tit

aniu

m-v

anad

ium

3LE

MO

INE

/ 32

G16

/ N

ord

-du

-Qu

ébec

Bla

ckR

ock

Bla

ckR

ock

M

etal

s / P

erily

a

Tit

aniu

m-v

anad

ium

m

agn

etit

eO

pen

pit

min

e

Iro

nIlm

enit

e

Van

adiu

m

64.3

Mt

at30

.3%

Fe

8.48

% T

iO2

0.49

% V

2O5

227.

4 M

t at

26.3

% F

e7.

22%

TiO

20.

4% V

2O5

n/a

n/a

n/a

12,4

00,0

00 t

/y(m

ill)

2016

25 y

ears

4M

ALA

PAR

T /

23B

06 /

Cô

te-N

ord

Fire

Lak

e N

ort

hC

ham

pio

n Ir

on

M

ines

Sp

ecu

lar

hem

atit

e in

met

amo

rph

ose

d

Lake

Su

per

ior-

typ

e ir

on

fo

rmat

ion

sO

pen

pit

min

e

Iro

n23

.73

Mt

at35

.96%

Fe

440.

86 M

t at

32.1

7% F

en

/an

/an

/a23

,000

,000

t/y

(mill

)20

1620

yea

rs

524

M08

/

No

rd-d

u-Q

uéb

ecH

op

es

Ad

van

ce B

ayO

cean

ic Ir

on

Ore

C

orp

ora

tio

nTa

con

ite

Op

en p

it m

ine

Iro

n*7

63.2

8 M

t at

32.3

% F

e*5

95.9

9 M

t

at 3

2.1%

Fe

774.

24 M

t at

32.2

% F

e61

3.8

Mt

at32

% F

e22

2.19

Mt

at32

.5%

Fe

26,0

00,0

00 t

/y(m

ill)

2018

31 y

ears

623

O04

/ N

ord

-du

-Qu

ébec

KéM

ag

(tac

on

ite)

New

Mill

enn

ium

Ir

on C

orpo

ratio

n /

Tata

Ste

el

Min

eral

s C

anad

a

Taco

nit

eO

pen

pit

min

eIr

on

n/a

n/a

n/a

300

Mt

at31

.3%

Fe

n/a

76,0

00,0

00 t

/y(m

ill)

n/a

25 y

ears

731

12 /

33F0

5 /

No

rd-d

u-Q

uéb

ecLa

c D

un

can

Au

gyv

a M

inin

g

Res

ou

rces

/

Cen

tury

Iro

n

Min

es

Co

rpo

rati

on

Mag

net

ite

in m

eta-

mo

rph

ose

d L

ake

Su

per

ior-

typ

e ir

on

fo

rmat

ion

Op

en p

it m

ine

Iro

nn

/an

/a40

6 M

t at

23.9

2% F

e64

5 M

t at

24.7

3% F

e56

3 M

t at

24.6

9% F

e11

5,00

0 t/

d(m

ill)

2017

20 y

ears

823

N16

/ N

ord

-du

-Qu

ébec

Lac

Ote

lnu

kLa

c O

teln

uk

Min

ing

Taco

nit

eO

pen

pit

min

eIr

on

n/a

n/a

5,51

0 M

t at

29.2

% F

e5,

840

Mt

at28

.7%

Fe

12,3

90 M

t at

30.4

% F

e19

5,00

0,00

0 t/

y(m

ill)

2019

30 y

ears

932

E10

/ N

ord

-du

-Qu

ébec

Mo

ntg

olfi

er

Iro

n H

ills

Bar

low

Min

eTa

con

ite

Op

en p

it m

ine

Iro

nn

/an

/a82

6.5

Mt

at21

% F

e43

7.1

Mt

at20

.1%

Fe

1,02

6.6

Mt

at20

.1%

Fe

60,0

00,0

00 t

/y(m

ill)

n/a

n/a

Gra

ph

ite

1022

N03

/ C

ôte

-No

rdLa

c G

uér

etM

aso

n G

rap

hit

e C

orp

ora

tio

n

Gra

ph

ite

dep

osi

t in

p

arag

nei

ssO

pen

pit

min

eG

rap

hit

en

/an

/a4.

52 M

t at

15.5

%45

.51

Mt

at15

.6%

Cg

r11

.86

Mt

at17

.1%

Cg

r50

,000

t/y

(mill

)20

1622

yea

rs

1123

B11

/ C

ôte

-No

rdLa

c K

nif

eFo

cus

Gra

ph

ite

Gra

ph

ite

dep

osi

t in

p

arag

nei

ssO

pen

pit

min

eG

rap

hit

en

/an

/an

/a4.

9 M

t at

15.7

6% C

gr

3 M

t at

15.5

8% C

gr

44,3

00 t

/y(m

ill)

2016

20 y

ears


TAB

LE 5

.1 –

Min

ing

pro

ject

s in

th

e d

epo

sit

apra

isal

ph

ase

in Q

uéb

ec in

201

3(1

) (s

ee F

igu

re 5

.1).

No

.TO

WN

SH

IP /

NT

S /

A

DM

INIS

TR

AT

IVE

R

EG

ION

PR

OJE

CT

CO

MPA

NY

SU

MM

AR

Y

DS

CR

IPT

ION

OF

TH

E

PR

OJE

CT

AN

D T

YP

E

OF

MIN

E

CO

MM

OD

I-T

IES

PR

OV

EN

RE

-S

ER

VE

S(2

)P

RO

BA

BLE

R

ES

ER

VE

S(2

)M

EA

SU

RE

D

RE

SO

UR

CE

SIN

DIC

AT

ED

R

ES

OU

RC

ES

INFE

RR

ED

R

ES

OU

RC

ES

EX

TR

AC

TIO

N

OR

MIL

L N

OM

INA

L C

APA

CIT

Y

EX

PE

CT

ED

S

TAR

T-U

P

DA

TE

EX

PE

CT

ED

M

INE

LIF

E

Lith

ium

, lith

ium

-tan

talu

m

12LA

MO

TT

E /

32D

08 /

Ab

itib

i-Té

mis

cam

ing

ue

Au

thie

rG

len

Eag

le

Res

ou

rces

Sp

od

um

ene-

bea

rin

g

gra

nit

ic p

egm

atit

esO

pen

pit

min

eLi

thiu

mn

/an

/a2.

36 M

t at

0.9%

Li 2O

5.12

Mt

at0.

92%

Li 2O

0.29

Mt

at0.

87%

Li 2O

2,20

0 t/

d(m

ill)

n/a

12 y

ears

1333

C01

/

No

rd-d

u-Q

uéb

ecR

ose T

anta

lum

- Li

thiu

mC

riti

cal E

lem

ents

C

orp

ora

tio

n

Sp

od

um

ene-

bea

rin

g

gra

nit

ic p

egm

atit

esO

pen

pit

min

e

Lith

ium

Tan

talu

mn

/an

/an

/a26

.5 M

t at

0.98

% L

i 2O16

3 g

/t Ta

2O5

10.7

Mt

at0.

86%

Li 2O

145

g/t

Ta2O

5

4,60

0 t/

d(m

ill)

n/a

17 y

ears

1432

O12

/ N

ord

-du

-Qu

ébec

Wh

abo

uch

iN

emas

ka L

ith

ium

Sp

od

um

ene-

bea

rin

g

gra

nit

ic p

egm

atit

esO

pen

pit

min

eLi

thiu

mn

/an

/a10

.2 M

t at

1.53

% L

i 2O9.

44 M

t at

1.45

5% L

i 2On

/a3,

000

t/d

(mill

)20

1518

yea

rs

Nic

kel

, co

pp

er, co

bal

t, P

GE

15LA

UN

AY

/ 32

D09

/ A

bit

ibi-

Tém

isca

min

gu

eD

um

on

t N

icke

lR

oya

l Nic

kel

Co

rpo

rati

on

Mag

mat

ic N

i-Cu-

PGE

Op

en p

it m

ine

Nic

kel

Pla

tin

um

Palla

diu

mC

ob

alt

*179

.6 M

t at

0.32

% N

i0.

013

g/t

Pt

0.02

9 g

/t P

d11

4 g

/t C

o

*999

Mt

at0.

26%

Ni

0.00

8 g

/t P

t0.

017

g/t

Pd

106

g/t

Co

372.

1 M

t at

0.28

% N

i0.

011

g/t

Pt

0.02

4 g

/t P

d11

2 g

/t C

o

1,29

3.5

Mt a

t0.

26 %

Ni

0.00

8 g

/t P

t0.

017

g/t

Pd

106

g/t

Co

499.

8 M

t at

0.26

% N

i0.

006

g/t

Pt

0.01

4 g

/t P

d10

1 g

/t C

o

52,0

00 t

/d(m

ill)

2016

33 y

ears

Nio

biu

m a

nd

tan

talu

m

16C

RE

VIE

R /

32H

07 /

S

agu

enay

–Lac

-Sai

nt-

Jean

Cre

vier

Les

Min

érau

x C

revi

er

Nep

hel

ine

syen

ite

dyk

es, a

lkal

ine

ign

e-o

us

com

ple

xO

pen

pit

min

e

Nio

biu

mTa

nta

lum

n/a

n/a

12.4

7 M

t at

0.2%

Nb

2O5

0.02

3% Ta

2O5

12.9

Mt

at0.

19%

Nb

2O5

0.02

3% Ta

2O5

15.4

2 M

t at

0.17

% N

b2O

50.

025%

Ta2O

5

6,00

0 t/

d(m

ill)

2017

14 y

ears

Go

ld:

pre

cio

us

met

als

17G

UIL

LET

/ 31

M07

/

Ab

itib

i-Té

mis

cam

ing

ue

Bel

lete

rre

Co

nway

R

esso

urc

esO

rog

enic

lod

e g

old

Un

der

gro

un

d m

ine

Go

ldn

/an

/an

/an

/an

/an

/an

/an

/a

18D

UPA

RQ

UE

T /

32D

11 /

Ab

itib

i-Té

mis

cam

ing

ue

Du

par

qu

etC

lifto

n S

tar

Res

ou

rces

Sh

ear-

rela

ted

d

isse

min

ated

go

ld

sulp

hid

es a

nd

q

uar

tz-c

arb

on

ate

ve

inle

tsO

pen

pit

min

e

Go

ldn

/an

/a0.

18 M

t at

1.52

g/t

Au

60.7

Mt

at1.

59 g

/t A

u29

.68

Mt

at1.

51 g

/t A

u8,

000

t/d

(mill

)n

/a16

yea

rs

19A

IGU

EB

ELL

E /

32D

07 /

Ab

itib

i-Té

mis

cam

ing

ue

Fayo

lleE

xplo

rati

on

Ty

ph

on

/

Hec

la Q

uéb

ec

Sh

ear-

rela

ted

d

isse

min

ated

go

ld

sulp

hid

es a

nd

q

uar

tz-c

arb

on

ate

vein

lets

Un

der

gro

un

d a

nd

o

pen

pit

min

e

Go

ldn

/an

/an

/a0.

55 M

t at

5.75

g/t

Au

n/a

750

to 1

,000

t/d

(ext

ract

ion

)O

re p

roce

ssed

at

Wes

two

od

n/a

3 ye

ars

20R

OU

YN

/ 32

E02

/

Ab

itib

i-Té

mis

cam

ing

ue

Gra

nad

aG

old

Bu

llio

n

Dev

elo

pm

ent

Co

rpo

rati

on

Sh

ear-

rela

ted

d

isse

min

ated

go

ld

sulp

hid

es a

nd

qu

artz

ve

inle

tsU

nd

erg

rou

nd

an

d

op

en p

it m

ine

Go

ldn

/an

/a24

.99

Mt

at1.

01 g

/t A

u9.

34 M

t at

1.18

g/t

Au

0.45

Mt

at0.

77 g

/t A

u7,

500

t/d

(mill

)n

/a11

yea

rs


TAB

LE 5

.1 –

Min

ing

pro

ject

s in

th

e d

epo

sit

apra

isal

ph

ase

in Q

uéb

ec in

201

3(1

) (s

ee F

igu

re 5

.1).

No

.TO

WN

SH

IP /

NT

S /

A

DM

INIS

TR

AT

IVE

R

EG

ION

PR

OJE

CT

CO

MPA

NY

SU

MM

AR

Y

DS

CR

IPT

ION

OF

TH

E

PR

OJE

CT

AN

D T

YP

E

OF

MIN

E

CO

MM

OD

I-T

IES

PR

OV

EN

RE

-S

ER

VE

S(2

)P

RO

BA

BLE

R

ES

ER

VE

S(2

)M

EA

SU

RE

D

RE

SO

UR

CE

SIN

DIC

AT

ED

R

ES

OU

RC

ES

INFE

RR

ED

R

ES

OU

RC

ES

EX

TR

AC

TIO

N

OR

MIL

L N

OM

INA

L C

APA

CIT

Y

EX

PE

CT

ED

S

TAR

T-U

P

DA

TE

EX

PE

CT

ED

M

INE

LIF

E

21JO

AN

NE

S /

32D

02 /

Ab

itib

i-Té

mis

cam

ing

ue

Joan

na

Hec

la Q

uéb

ec

Sh

ear-

rela

ted

d

isse

min

ated

go

ld

sulp

hid

es a

nd

qu

artz

ve

inle

tsO

pen

pit

min

e

Go

ld28

.25

Mt

at1.

305

g/t

Au

12.8

5 M

t at

1.15

1 g

/t A

u1.

89 M

t at

1.14

g/t

Au

18.3

8 M

t at

1.36

g/t

Au

16.8

5 M

t at

1.53

g/t

Au

8,50

0 t/

d(m

ill)

n/a

13 y

ears

22R

OU

YN

/ 32

D03

/

Ab

itib

i-Té

mis

cam

ing

ue

Lac

Pelle

tier

QM

X G

old

C

orp

ora

tio

n /

Th

un

der

min

e R

eso

urc

es

Lod

e g

old

: g

reen

sto

ne-

ho

sted

q

uar

tz-c

arb

on

ate

vein

sU

nd

erg

rou

nd

min

e

Go

ld*0

.06

Mt

at6.

2 g

/t A

u*0

.11

Mt

at6.

6 g

/t A

u0.

06 M

t at

8.6

g/t

Au

0.22

Mt

at8.

61 g

/t A

u0.

42 M

t at

8.37

g/t

Au

620

t/d

(ext

ract

ion

)O

re p

roce

ssed

at

Cam

flo

n/a

1 ye

ar

23B

EA

UC

HA

STE

L / 3

2D03

/ A

bit

ibi-

Tém

isca

min

gu

eW

asam

acR

ich

mo

nt

Min

es

Lod

e g

old

: g

reen

sto

ne-

ho

sted

q

uar

tz-c

arb

on

ate

vein

sU

nd

erg

rou

nd

min

e

Go

ldn

/an

/a3.

12 M

t at

2.75

g/t

Au

12.1

3 M

t at

2.89

g/t

Au

18.7

6 M

t at

2.66

g/t

Au

n/a

n/a

14 y

ears

Ph

osp

hat

e

24A

RN

AU

D /

22J0

2 /

Cô

te-N

ord

Arn

aud

Min

e A

rnau

dLa

yere

d m

afic

com

ple

xO

pen

pit

min

eP

ho

sph

ate

*260

Mt

at4.

34%

P2O

5

*64.

4 M

t at

4.74

% P

2O5

370.

87 M

t at

4.16

% P

2O5

110.

87 M

t at

4.24

% P

2O5

42.7

6 M

t at

3.52

% P

2O5

30,0

00 t

/d(m

ill)

2017

28 y

ears

2522

E15

/ S

agu

enay

–

Lac-

Sai

nt-

Jean

Lac

à Pa

ul

Ari

ann

e

Ph

osp

hat

e

An

ort

ho

site

-rel

ated

m

agm

atic

dep

osi

tO

pen

pit

min

eP

ho

sph

ate

*313

.71

Mt

at6.

92%

P2O

5

*158

.38

Mt

at6.

8% P

2O5

336.

76 M

t at

7.22

% P

2O5

253.

48 M

t at

7.02

% P

2O5

9.81

Mt

at5.

89%

P2O

5

50,0

00 t

/d(m

ill)

2016

26 y

ears

Rar

e ea

rth

s

2624

C16

/

No

rd-d

u-Q

uéb

ecE

ldo

r

(Ash

ram

)

Co

mm

erce

R

eso

urc

es

Co

rpo

rati

on

RE

E-e

nri

ched

ca

rbo

nat

ite

Op

en p

it m

ine

Rar

e ea

rth

sLi

gh

t R

EH

eavy

RE

Ytt

riu

m

n/a

n/a

1.59

Mt

at1.

77%

TR

EO

1.65

% L

RE

O0.

07%

HR

EO

0.05

8% Y

2O3

27.6

7 M

t at

1.9%

TR

EO

1.82

% L

RE

O0.

05%

HR

EO

0.03

8% Y

2O3

219.

8 M

t at

1.88

% T

RE

O1.

81%

LR

EO

0.04

% H

RE

O0.

03%

Y2O

3

4,00

0 t/

d(m

ill)

n/d

25 y

ears

2724

A08

/

No

rd-d

u-Q

uéb

ecS

tran

ge

Lake

/ B

-Zo

ne

Qu

est

Rar

e M

iner

als

C

orp

ora

tio

n

RE

E- a

nd y

ttri

um-

enri

ched

peg

mat

ite

and

ap

lite

in

per

alka

line

gra

nit

eO

pen

pit

min

e

Rar

e ea

rth

sLi

gh

t R

EH

eavy

RE

Zir

con

ium

Ytt

riu

m

n/a

*43.

2 M

t at

1.16

% T

RE

O0.

53%

LR

EO

0.63

% H

RE

O2.

31%

ZrO

20.

35%

Y2O

3

n/a

278.

13 M

t at

0.93

% T

RE

O0.

57%

LR

EO

0.12

% H

RE

O1.

92%

ZrO

20.

24%

Y2O

3

214.

35 M

t at

0.

85%

TR

EO

0.55

% L

RE

O0.

11%

HR

EO

1.71

% Z

rO2

0.19

% Y

2O3

1.44

Mt/

y(e

xtra

ctio

n)

Mill

exp

ecte

d

at B

écan

cou

r

2017

30 y

ears

28V

ILLE

DIE

U /

31L1

5 /

Ab

itib

i-Té

mis

cam

ing

ue

Zeu

s (K

ipaw

a)

Mat

amec

E

xplo

rati

on

s /

Toyo

tsu

Rar

e E

arth

Can

ada

RE

E-e

nri

ched

syé

nit

eO

pen

pit

min

e

Rar

e ea

rth

sLi

gh

t R

EH

eavy

RE

Ytt

riu

m

*10.

22 M

t at

0.44

% T

RE

O0.

28%

LR

EO

0.06

% H

RE

O0.

10%

Y2O

3

*9.5

5 M

t at

0.38

% T

RE

O0.

24%

LR

EO

0.05

% H

RE

O0.

09%

Y2O

3

10.4

8 M

t at

0.46

% T

RE

O0.

29%

LR

EO

0.06

% H

RE

O0.

11%

Y2O

3

13.3

8 M

t at

0.36

% T

RE

O0.

23%

LR

EO

0.05

% H

RE

O0.

08%

Y2O

3

3.27

Mt

at0.

31%

TR

EO

0.22

% L

RE

O0.

04%

HR

EO

0.06

% Y

2O3

3,65

0 t/

d(m

ill)

2016

13 y

ears

No

tes:

1- T

he

list

of

abb

revi

atio

ns

is p

rovi

ded

in A

pp

end

ix 2

. D

ata

com

pile

d in

th

is t

able

are

pre

limin

ary

and

are

bas

ed o

n in

form

atio

n p

ub

licly

rel

ease

d b

y m

inin

g c

om

pan

ies.

T

he

dis

tin

ctio

n b

etw

een

pro

ven

an

d p

rob

able

res

erve

s, a

nd

bet

wee

n m

easu

red

, in

dic

ated

, an

d in

ferr

ed r

eso

urc

es is

defi

ned

in a

cco

rdan

ce w

ith

Nat

ion

al In

stru

men

t 43

-101

.2-

*T

he

rese

rves

are

incl

ud

ed in

th

e re

sou

rces

.LR

EO

: Lan

than

um

, cér

ium

, pra

séo

dym

yum

, néo

dym

ium

, sam

ariu

mH

RE

O: E

uro

piu

m, g

ado

liniu

m, t

erb

ium

. Dys

pro

siu

m, h

olm

ium

, erb

ium

, th

uliu

m, y

tter

biu

m, l

uté

ciu

mT

RE

O: L

RE

O +

HR

EO

+ Y

2O3


TAB

LE 5

.2 –

Min

ing

pro

ject

s in

th

e d

evel

op

men

t p

has

e in

Qu

ébec

in

201

3(1

) (se

e Fi

gu

re 5

.2).

No

.TO

WN

SH

IP /

NT

S /

A

DM

INIS

TR

AT

IVE

R

EG

ION

PR

OJE

CT

CO

MPA

NY

SU

MM

AR

Y

DE

SC

RIP

TIO

N O

F T

HE

PR

OJE

CT

AN

DT

YP

E O

F M

INE

CO

MM

OD

I-T

IES

PR

OV

EN

R

ES

ER

VES

(2)

PR

OB

AB

LE

RE

SE

RV

ES

(2)

ME

AS

UR

ED

R

ES

OU

RC

ES

IND

ICA

TE

D

RES

OU

RC

ESIN

FER

RE

D

RE

SO

UR

CE

S

EX

TR

AC

TIO

N

OR

MIL

L N

OM

INA

L C

APA

CIT

Y

EX

PE

CT

ED

S

TAR

T-U

P

DA

TE

EX

PE

CT

ED

M

INE

LIF

E

Iro

n

123

J14

/ Cô

te-N

ord

DS

OTa

ta S

teel

M

iner

als

Can

ada

En

rich

ed ir

on

fo

rmat

ion

sO

pen

pit

min

eIr

on

21.1

Mt

at59

.87%

Fe

43.0

1 M

t at

58.3

8% F

e21

Mt

at

59.2

% F

en

/a10

.3 M

t at

58.3

% F

e4,

000,

000

t/y

(m

ill)

2013

15 y

ears

Lith

ium

2LA

CO

RN

E /

32C

05 /

Ab

itib

i-Té

mis

cam

ing

ue

Qu

ébec

Li

thiu

m

inc.

Qu

ébec

Lit

hiu

m

Sp

od

um

ene-

bea

rin

g g

ran

itic

p

egm

atit

esO

pen

pit

min

e

Lith

ium

*6.6

1 M

t at

0.

92%

Li 2O

*10.

46 M

t at

0.

95%

Li 2O

6.91

Mt

at

1.18

% L

i 2O26

.33

Mt

at1.

19%

Li 2O

13.7

6 M

t at

1.21

% L

i 2O

3,80

0 t/

d(m

ill)

2013

15 y

ears

Nic

kel

, co

pp

er,

cob

alt,

PG

E

380

30 /

35H

11 /

No

rd-d

u-

Qu

ébec

Nu

nav

ik

Nic

kel

Can

adia

n

Ro

yalt

ies

/ Ji

lin J

ien

Nic

kel

Mag

amat

ic N

i-C

u-

PG

EO

pen

pit

an

d

un

der

gro

un

d

min

e

Nic

kel

Co

pp

erPa

llad

ium

Pla

tin

um

Co

bal

t

n/a

n/a

0.56

Mt

at0.

93%

Ni

1.1%

Cu

21.3

4 M

t at

0.93

% N

i1.

15%

Cu

5.24

Mt

at0.

72%

Ni

0.93

% C

u

4,50

0 t/

d(m

ill)

2013

15 y

ears

Go

ld: p

reci

ou

s m

etal

s

4B

EA

UC

HA

STE

L / 3

2D06

/ A

bit

ibi-

Tém

isca

min

gu

eE

lder

Ab

cou

rtM

ines

Oro

gen

ic lo

de

go

ldU

nd

erg

rou

nd

m

ine

Go

ldn

/an

/a0.

51 M

t at

6.68

g/t

Au

0.67

Mt

at

6.5

g/t

Au

0.41

Mt

at

5.76

g/t

Au

630

t/d

(ext

ract

ion

)O

re p

ro-

cess

ed a

tG

éan

t D

or-

man

t

2014

11 y

ears

533

C09

/ N

ord

-du

-Qu

ébec

Élé

onor

eLe

s M

ines

O

pin

aca

/ G

old

corp

Dis

sem

inat

ed-

rep

lace

men

t g

old

d

epo

sit

in a

hig

hly

m

etam

orp

ho

sed

se

dim

enta

ry

seq

uen

ceU

nd

erg

rou

nd

m

ine

Go

ldn

/a12

.48

Mt

at7.

56 g

/t A

u0.

14 M

t at

10

.01

g/t

Au

1.23

Mt

at

11.0

5 g

/t A

u12

.25

Mt

at10

.6 g

/t A

u7,

000

t/d

(mill

)20

1410

yea

rs

6D

UB

UIS

SO

N /

32C

04 /

Ab

itib

i-Té

mis

cam

ing

ue

Go

ldex

Ag

nic

o E

agle

M

ines

Qu

artz

-to

urm

alin

e ve

ins

wit

h P

y-C

p

cro

ss-c

utt

ing

g

ran

od

iori

te s

ills

and

dyk

esU

nd

erg

rou

nd

m

ine

Go

ld0.

06 M

t at

1.

7 g

/t A

u6.

94 M

t at

1.55

g/t

Au

12.3

6 M

t at

1.83

g/t

Au

14.8

1 M

t at

1.

83 g

/t A

u34

.65

Mt

at

1.52

g/t

Au

8,20

0 t/

d(m

ill)

2013

4 ye

ars


TAB

LE 5

.2 –

Min

ing

pro

ject

s in

th

e d

evel

op

men

t p

has

e in

Qu

ébec

in

201

3(1

) (se

e Fi

gu

re 5

.2).

No

.TO

WN

SH

IP /

NT

S /

A

DM

INIS

TR

AT

IVE

R

EG

ION

PR

OJE

CT

CO

MPA

NY

SU

MM

AR

Y

DE

SC

RIP

TIO

N O

F T

HE

PR

OJE

CT

AN

DT

YP

E O

F M

INE

CO

MM

OD

I-T

IES

PR

OV

EN

R

ES

ER

VES

(2)

PR

OB

AB

LE

RE

SE

RV

ES

(2)

ME

AS

UR

ED

R

ES

OU

RC

ES

IND

ICA

TE

D

RES

OU

RC

ESIN

FER

RE

D

RE

SO

UR

CE

S

EX

TR

AC

TIO

N

OR

MIL

L N

OM

INA

L C

APA

CIT

Y

EX

PE

CT

ED

S

TAR

T-U

P

DA

TE

EX

PE

CT

ED

M

INE

LIF

E

7Ve

zza

/ 32F

12 /

No

rd-d

u-Q

uéb

ecVe

zza

Min

es A

urb

ec /

M

inér

aux

M

aud

ore

Oro

gen

ic lo

de

go

ldU

nd

erg

rou

nd

m

ine

Go

ldn

/an

/a0.

19 M

t at

6.

1 g

/t A

u1.

52 M

t at

5.8

g/t

Au

0.63

Mt

at

5.0

g/t

Au

750

t/d

(ext

ract

ion

)O

re p

ro-

cess

ed a

tG

éan

t D

or-

man

t

n/a

7-9

year

s

8B

OU

SQ

UE

T /

32D

07 /

Ab

itib

i-Té

mis

cam

ing

ue

Wes

two

od

IAM

GO

LD

Co

rpo

rati

on

Go

ld-r

ich

vo

lcan

o-

gen

ic m

assi

ve s

ul-

ph

ides

, sto

ckw

erk

and

dis

sem

inat

ed

sulp

hid

esU

nd

erg

rou

nd

m

ine

Go

ld*0

.27

Mt

at

7.6

g/t

Au

*0.6

7 M

t at

13

.1 g

/t A

u0.

28 M

t at

7.5

g/t

Au

1.12

Mt

at

13 g

/t A

u9.

59 M

t at

10

.6 g

/t A

u2,

600

t/d

(mill

)20

1319

yea

rs

No

tes:

1- T

he

list

of

abb

revi

atio

ns

is p

rovi

ded

in A

pp

end

ix 2

. D

ata

com

pile

d in

th

is t

able

are

pre

limin

ary

and

are

bas

ed o

n in

form

atio

n p

ub

licly

rel

ease

d b

y m

inin

g c

om

pan

ies.

T

he

dis

tin

ctio

n b

etw

een

pro

ven

an

d p

rob

able

res

erve

s, a

nd

bet

wee

n m

easu

red

, in

dic

ated

, an

d in

ferr

ed r

eso

urc

es is

defi

ned

in a

cco

rdan

ce w

ith

Nat

ion

al In

stru

men

t 43

-101

.2*

- T

he

rese

rves

are

incl

ud

ed in

th

e re

sou

rces

.

chapter 5 deposit appraisal and mine development · 2015. 3. 16. · 83 repor 2013 photo : mern...

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