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

PHASE I
Phase I consists of the pre-production year, the ramp-up period and the first year of
full mill production. The initial pushback prioritizes the higher grade mineralization at
the top-centre portion of the resource body, and at the lowest amount of waste
stripping. This will maximize cash flow and speed the capital recovery during the
initial years. Phase l will mine 67.3 Mt of rocks including 16.2 Mt of mineralized
material at 0.57% NiEq. Figure 16.6 illustrates the Phase I pit at the end of Year 3.
Figure 16.6 3D Rendered Image of Phase I Pit and Mineralized Area
PHASE II
During Phase II, the pit will deepen and expand to the west. Phase ll will involve the
mining of 89.6 Mt of mineralized material, which will satisfy the capacity of the mill for
8 years. Figure 16.7 illustrates the Phase II pit at the end of Year 11.
Figure 16.7 3D Rendered Image of Phase II Pit and Mineralized Area
Prophecy Platinum Corp. 16-15 1193460500-REP-R0001-02
Wellgreen Project Preliminary Economic Assessment,
Yukon, Canada