Asset Report

Tulsequah Chief copper mine project

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26 May 2017

Tulsequah Chief copper mine project

Report summary

The Tulsequah Project located in northwestern British Columbia, Canada. The project encompasses two polymetallic massive sulphide deposits, Tulsequah Chief and Big Bull. The feasibility study released in November 2014 focused solely on the Tulsequah Chief deposit, thus the accompanying profile does not consider the Big Bull deposit. The 2014 feasibility study differs from the 2012 feasibility study, in that it proposes a lower processing rate of 1,100t/d as opposed to the initially anticipated 2,000t/d. In September 2016, Chieftain Metals Corp. went into receivership. As at March 2017, the company remained in receivership and we have moved start up of the mine to a tentative 2020 with the first full year of production in 2021.

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