British Columbia, Canada
* See Cautionary Note Number 1
- 3.18 Measured & Indicated and 3.65 Inferred gold ounces (NI 43-101 Resource Calculation July 24, 2012)*
- Positive Pre-Economic Assessment (PEA) released in November 2012.
- Base case NPV of $454m and IRR of 15% with payback within 4.4 years.
- 197,000k Oz/y production for life of mine (LOM)
- Projected timeline: construction in 2015 & production in 2016
- Excellent infrastructure in a mining friendly jurisdiction
- Agreements signed with three separate First Nation bands
- Projects NPV/IRR/Cashflow are highly leveraged to gold price.(See below)