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

• environmental monitoring agreements
• training agreements
• accommodation/impact benefit agreements.
The timing for the negotiation of each agreement will be developed in the course of
consultation with the First Nations.
POTENTIAL P OSITIVE EFFECTS ON LOCAL COMMUNITIES
Potential positive effects of the proposed project development include:
• long-term, meaningful employment for local First Nations in mining
operations and related positions (e.g. environmental monitors, service
industry sector)
• economic development and contract opportunities for local First Nations
(existing and new businesses), community infrastructure improvements, and
capacity development of First Nations
• support for First Nations Research Projects associated with mining
operations.
POTENTIAL ADVERSE EFFECTS ON LOCAL COMMUNITIES
Potential adverse effects of the proposed project development are provided below.
• Several community groups may have concerns regarding various impacts to
the environment. To mitigate this, assurances that development will not
exacerbate existing concerns regarding impacts to the environment will be
required. In addition, engagement of First Nations environmental and
heritage monitors, to work closely with biologists, archaeologists and other
professionals on monitoring programs associated with development of the
Property, is recommended.
• Impacts (real and/or perceived) upon Aboriginal title and rights, including the
potential impacts of the Project on settlement lands, traditional and
contemporary use sites, spiritual and archaeological sites, is not currently
known. General concerns and/or perceptions by local First Nations
regarding over-development of mining in the region may need to be
addressed.
• Lack of First Nations’ capacity to participate in the Project may be an issue,
due to the scale and number of industry-related initiatives in the area.
• Inability to adequately meet local First Nations’ expectations of agreements
may be an issue, for example accommodation agreements because of
precedents set by agreements already negotiated in the region.
Prophecy Platinum Corp. 20-26 1193460500-REP-R0001-02
Wellgreen Project Preliminary Economic Assessment,
Yukon, Canada