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Stock Info

Feb 27, 2017 3:56 PM EST
WG 0.36 +0.01
February 27, 2017
WGPLF 0.27 +0.01
Delayed by 20 minutes

Overview

Overview: Shakespeare Project

Wellgreen Platinum’s 100%-owned Shakespeare Ni-Cu-PGM project is a former producing open pit mine located in the Sudbury mining district of Ontario, Canada. The mine was intermittently in production between 2008 and 2012 as a direct shipping operation, using contract mining and with ore trucked to a third-party concentrator.

In December 2011, mining operations at the project were suspended due to low metal prices. Since that time, Shakespeare has been on care and maintenance pending the Company’s review and assessment of options for the project.

Highlights:

  • Former producing open-pit mine as a direct shipping operation (Q1 2012)
  • On care & maintenance
  • Review of prior OPEX (mining, transport and toll milling) as a direct shipping operation
  • Ontario is a mining-friendly jurisdiction: ranked in the top 20 globally by the Fraser Institute with excellent availability of skilled workers and contractors
  • Impacts and Benefits Agreement (“IBA”) signed with Sagamok Anishnawbek First Nations

Permits and Agreements

The Shakespeare mine project has all permits required to operate as a direct ship mine, as well as to construct a mineral processing facility and tailings storage on site. These include a Permit to Take Water, Certificate of Approval for noise and air emissions, and a Certificate of Approval for the Shakespeare Mine and Mill co-disposal facility and sedimentation pond for water treatment. The Company has also received acceptance of a certified Closure Plan for the Shakespeare Mine and Mill Project from the Ontario Ministry of Northern Development and Mines (“MNDM”). In addition, Ursa Major received a permit from the Ontario Ministry of Natural Resources (“MNR”) for the operation of a gravel pit located approximately 3 km north of the Shakespeare mine project.

In August 2009, an Impacts and Benefits Agreement (“IBA”) was signed with Sagamok Anishnawbek First Nations (“Sagamok”). This IBA remains in effect with Wellgreen Platinum.

Qualified Person under Ni 43-101

John Sagman, P.Eng., Wellgreen Platinum’s Senior Vice President and Chief Operating Officer and a “Qualified Person” as defined in NI 43-101 has reviewed and approved the scientific and technical information contained in our website.

Click here for the Legal Notice, forward-looking information and the cautionary note.