Investor Kit

Stock Info

Nov 20, 2017 9:48 AM EST
WG 0.31 -0.03
November 20, 2017
WGPLF 0.25 -0.01
Delayed by 20 minutes

Resource Estimate

Wellgreen Project

Mineral Resources

June 2017


Mineral Resources, US $13.85/tonne NSR Cut-off

Prices, US$ 

----->

$7.75

$3.00

$11.80

$1,350

$860

$1,400


Contained Metal

/lb

/lb

/lb

/oz

/oz

/oz


Ni

M Lbs

Cu

M Lbs

Co

M Lbs

Pt

K Ozs

Pd

K Ozs

Au

K Ozs

Class

Ktonnes

Ni %

Cu%

Co%

Pt g/t

Pd g/t

Au g/t

Measured

98,800

0.25

0.16

0.015

0.253

0.243

0.051


544

356

33

805

773

160

Indicated

263,200

0.26

0.13

0.015

0.223

0.244

0.036


1,531

733

88

1,887

2,067

308

Total M+I

362,000

0.26

0.14

0.015

0.231

0.244

0.040


2,075

1,089

121

2,692

2,840

468

Inferred

118,600

0.28

0.12

0.015

0.217

0.253

0.032


741

312

40

829

964

124

 

Notes

Average grade calculations on Table 1 are impacted by rounding.
Tonnages are reported in units of 1,000 metric tonnes (Ktonnes).
Contained Base Metal reported in units of 1,000,000 lbs (M Lbs).
Contained Precious Metal reported in units of 1,000 troy ounces (K Ozs).
Average Strip ratio: 2:22 to 1

Metal Prices for Resource Determination in US$

Nickel: $7.75/lb; Copper: $3.00/lb; Cobalt: $11.80/lb; Platinum: $1,350/troy oz; Palladium: $860/troy oz; Gold: $1,400/troy oz.

Mining and Processing Costs in US$

Exchange Rate: $1.00 CDN = $0.78 US
Mining costs, vary by bench, separately for ore and waste.
Average mining costs for ore and waste within the resource pit: $1.85/tonne of total material moved.
Processing plus General and Administration: $13.85/tonne Ore.
Process recoveries, to bulk concentrate, vary by rock type for all metals and head grade for copper and nickel.

The average calculated process recoveries for the metals in the mineral resource are:
Ni: 59.2%; Cu: 77.7%; Co: 60.9%; Pt: 53.3%; Pd: 60.4%; and Au: 78.3%

Smelting, refining, freight, and royalty costs vary by rock type and metal. The average of these calculated costs in US$ are:
Ni: $3.25/lb; Cu: $1.81/lb; Co: $7.71/lb; Pt: $692/troy oz; Pd: $441/troy oz; and Au: $1,342/troy oz

Overall slope angles vary from 38 to 42 degrees depending on the geotechnical domain