The property (Ormsby, Bruce, Nicholas Lake, Goodwin Lake and Clan Lake deposits) comprises 25 mining leases and 8 mineral claims across 20,789ha, located in the South Mackenzie Mining District. Access to the property for personnel is available by air from Yellowknife airport to an air strip located at Ormsby. Ormsby, Bruce and Clan Lake deposits will be mined using open pit methods while underground mining methods will be used at the Nicholas Lake deposit and the Ormsby underground target.
Based on the 2012 feasibility study, initial capex (excluding underground development) was estimated at US$193 million, with an additional US$72 million budgeted for sustaining capital (including underground development and reclamation).
Tables and charts
This report includes 2 images and tables including: