Wellgreen Project Preliminary Economic Assessment ... - OTCIQ.com

Based on the results of similar open pit nickel projects in Canada and the results of
the engineering review of the Wellgreen deposit, a 0.2% NiEq cut-off was used to
tabulate the total within the various categories. This is based on the following
parameters:
• 2.5:1 stripping ratio
• operating cost of US$23.15/t at 32,000 t/d
• nickel of US$9.40/lb
• recovery of 67.9% nickel.
Table 14.13 summarizes the resource estimate at the 0.2% NiEq cut-off within the
optimized pitshell.
Table 14.13 Wellgreen Resource Estimation
NiEq
Cut-off Category Zone Tonnes NiEq%
Prophecy Platinum Corp. 14-18 1193460500-REP-R0001-02
Wellgreen Project Preliminary Economic Assessment,
Yukon, Canada
Ni
(%)
Cu
(%)
Co
(%)
Au
(g/t)
Pt
(g/t)
Pd
(g/t)
0.2 Indicated Pitshell 14,432,900 1.4 0.68 0.62 0.05 0.51 0.99 0.73
0.2 Inferred Pitshell 446,649,000 0.6 0.31 0.25 0.02 0.16 0.38 0.33
Figure 14.5 displays the distribution of the resource classification of the blocks within
the optimized open pit. The indicated material is concentrated in the footwall prtion
of the mineral zone where the underground working and close spaced underground
diamond drilling is located.
Figure 14.5 Wellgreen Pit Resource Classification Distribution (Oblique View
Not to Scale)
Figure 14.6 and Figure 14.7 display the NiEq grade distributions within the optimized
open pit.