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

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Table 21.13 Mine Operations Manpower Example (Year 7) Position No. General Mine Expense Annual Cost Per Person (Cdn$) Total Annual Cost (Cdn$) Cost (Cdn$/t mined) Cost Cdn$/t milled) Mine Manager 1 195,300 195,300 - - Mine Superintendent 2 176,500 353,000 - - Admin. Assistant 4 78,400 313,600 - - Mine General Foreman 2 150,300 300,600 - - Senior Mine Foreman 4 134,200 536,800 - - Mine Foreman 4 110,000 440,000 - - Drill & Blast Foreman 2 116,900 233,800 - - Maintenance Superintendent 1 162,700 162,700 - - Maintenance Forman 4 142,700 570,800 - - Chief Engineer 1 186,800 186,800 - - Senior Mine Engineer 2 170,200 340,400 - - Mine Planning Engineer 2 155,800 311,600 - - Ore Control Engineer 4 106,900 427,600 - - Geotechnical Engineer 2 114,000 228,000 - - Mine Technician 4 108,200 432,800 - - Chief Surveyor 1 106,900 106,900 - - Surveyor 4 92,700 370,800 - - Surveyor Assistant 4 71,300 285,200 - - Environmental Engineer 1 137,300 137,300 - - Environmental Technician 4 105,500 422,000 - - Maintenance Planner 2 112,800 225,600 - - Chief Geologist 1 171,000 171,000 - - Geologist 2 155,800 311,600 - - Geology Technician 4 92,700 370,800 - - Accountants 1 127,800 127,800 - - Accounts Payable 2 104,400 208,800 - - Payroll Clerk 2 95,000 190,000 - - HR Specialists 2 127,800 255,600 - - Health/Safety/Training 2 127,800 255,600 - - Pension & Benefits Administrator 2 127,800 255,600 - - Safety Supervisor 1 150,300 150,300 - - Security/Safety/First Aid 8 86,100 688,800 - - System Analyst 1 104,400 104,400 - - Network Analyst 1 104,400 104,400 - - Buyer 2 104,400 208,800 - - Receiving/Counter Attendant 2 95,000 190,000 - - Janitor 2 78,300 156,600 - - Subtotal 90 - 10,331,700 0.34 0.92 table continues… Prophecy Platinum Corp. 21-14 1193460500-REP-R0001-02 Wellgreen Project Preliminary Economic Assessment, Yukon, Canada
Mine Operations Position No. Annual Cost Per Person (Cdn$) Total Annual Cost (Cdn$) Cost (Cdn$/t mined) Cost Cdn$/t milled) Drill Operator 6 98,500 591,000 - - Drill Helper 4 92,500 370,000 - - Blaster 4 108,200 432,800 - - Blaster Helper 4 92,500 370,000 - - Shovel Operator 11 108,200 1,190,200 - - Loader Operator 4 98,500 394,000 - - Haul-Truck Operator 58 95,500 5,539,000 - - Dozer Operator 24 98,500 2,364,000 - - Grader Operator 11 98,500 1,083,500 - - Backhoe Excavator Operator 4 98,500 394,000 - - Water Truck Operator 4 98,500 394,000 - - Fuel/Lube Truck Operator 4 95,000 380,000 - - Shift Labourer 8 67,000 536,000 - - Subtotal 146 - 14,038,500 0.46 1.25 Mine Maintenance Heavy Duty Mechanic 16 106,200 1,699,200 - - Welder 8 106,200 849,600 - - Wash Bay 4 86,000 344,000 - - Light Duty Mechanic 8 83,600 668,800 - - Electrician 8 107,500 860,000 - - Junior Mechanics 16 98,500 1,576,000 - - Subtotal 60 - 5,997,600 0.20 0.54 Total Labour 296 - 30,367,800 1.00 2.71 21.3.3 PROCESS OPERATING COSTS The operating costs were determined by estimating the quantities of consumables, manpower, and electrical power required on a “per tonne milled” basis. Consumables considered were reagents, supplies (e.g. mechanical, safety, and laboratory), and electrical power required for mineralized material processing. Pricing for reagents and supplies were taken from historical project pricing and InfoMine Estimating guides. InfoMine Cost Indices for commodities were used to adjust historical pricing to 2012 dollars. The power costs were taken as per calculations from the Infrastructure team based on natural gas generator power. The reagent dosages, bond abrasion, and bond work indices were based on the current metallurgical test work at Lakefield. The bond abrasion test work by Lakefield, calculated wear rates for liners and grinding media which were used to determine the cost of those supplies. The SAG and ball grinding mills were sized and the power consumption determined by bond formulae calculations using the Prophecy Platinum Corp. 21-15 1193460500-REP-R0001-02 Wellgreen Project Preliminary Economic Assessment, Yukon, Canada
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Report to: Wellgreen Project Prelim
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TABLE OF CONTENTS 1.0 SUMMARY .....
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14.1.8 MINERAL RESOURCE TABULATION
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26.1.2 PHASE 2 - QUILL CREEK ULTRAM
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Table 19.2 Palladium Demand and Sup
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Figure 19.3 London Metals Exchange
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litres per minute .................
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International All-North Resources L
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1.0 S UMMARY 1.1 I NTRODUCTION Tetr
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This PEA has been prepared by Tetra
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Numerous operators have worked on t
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1.6 M INING M ETHODS The Project is
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Figure 1.2 Wellgreen Project Overal
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Table 1.6 Capital Cost Summary (US$
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The following financial results wer
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Figure 1.3 illustrates that the Pro
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Figure 1.5 Project Execution Plan P
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2.0 INTRODUCTION Tetra Tech was com
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3.0 RELIANCE ON OTHER EXPERTS Tetra
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Figure 4.1 Location Map Prophecy Pl
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All work undertaken on the surface
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Figure 4.3 Wellgreen Surface Lease
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Other than those liabilities set fo
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5.3 C LIMATE The climate is alpine,
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Year Company Activities 1970 Hudson
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Year Company Activities 2008 Corona
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6.2.3 NORTHERN P LATINUM 2009 PROGR
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Figure 7.1 Regional Geology Map Pro
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Figure 7.3 Property Geology Prophec
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Longitudinal faults and/or shears a
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Figure 7.4 Wellgreen Plan View Prop
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7.2.3 NORTH ZONE The North Zone is
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Table 7.3 PGE-Bearing Minerals in t
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Gabbroid-associated Nickel, Copper,
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10.0 DRILLING 10.1 H ISTORICAL D RI
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Figure 10.1 Prophecy Platinum Drill
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Table 10.4 Prophecy Platinum 2011 D
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• The course rejects returned fro
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Figure 10.4 Core Storage Facility P
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11.0 SAMPLE PREPARATION, ANALYSES,
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12.0 DATA VERIFICATION Tetra Tech
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Table 12.2 Check Assays Prophecy Pl
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13.0 MINERAL PROCESSING AND METALLU
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An elemental analysis of typical co
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Minerals Peridotite Composite 1 Min
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Ni Deposits” shows that the grade
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13.3 SGS V ANCOUVER - J UNE 2012 A
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14.0 MINERAL RESOURCE ESTIMATES 14.
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Table 14.3 summarizes the grade cap
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The NiEq value was assigned to all
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Table 14.7 Wellgreen Variogram Summ
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Table 14.9 Estimation Criteria Zone
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Table 14.10 Search Parameters Zone
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NiEq Cut-off Tonnes NiEq (%) Ni (%)
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Figure 14.2 Wellgreen Platinum, Pal
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Figure 14.4 Wellgreen Platinum, Pal
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Figure 14.6 Wellgreen Pit Resource
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14.1.9 VALIDATION The Wellgreen mod
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Figure 14.9 East Zone Cross Section
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Figure 14.10 Wellgreen Nickel Secti
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Figure 14.14 Wellgreen Platinum Sec
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Figure 14.18 Wellgreen Cobalt Eleva
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14.2 P REVIOUS E STIMATES Table 14.
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15.0 MINERAL RESERVE ESTIMATES A mi
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The selected base case pit contains
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OVERALL O PEN P IT SLOPE ANGLE Tetr
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Table 16.4 Pit Optimization Results
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The pit optimization process includ
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16.4 P RODUCTION S CHDULE Using Pit
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Year Waste (t) Total (t) Strip Rati
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Figure 16.5 Sequence of Development
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PHASE III During Phase III, the pit
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16.5.4 EXPLOSIVES A contractor will
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Table 16.9 Pit Design Criteria Item
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Equipment Fleet Size Units Crew Bus
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Figure 17.1 Overall Wellgreen Proce
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17.2 P ROCESS D ESIGN C RITERIA The
Page 155 and 156: 17.5 P ROCESS P LANT The process pl
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Page 159 and 160: ultimate impoundment surface area o
Page 161 and 162: Table 19.2 Palladium Demand and Sup
Page 163 and 164: Figure 19.3 London Metals Exchange
Page 165 and 166: Figure 19.5 Nickel Demand (2009 to
Page 167 and 168: 20.0 ENVIRONMENTAL STUDIES, PERMITT
Page 169 and 170: Tailings and mill concentrate sampl
Page 171 and 172: 20.2.4 AQUATIC RESOURCES The Proper
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Page 175 and 176: Figure 20.4 Wildlife Ranges-Mountai
Page 177 and 178: Figure 20.6 Wildlife Ranges-Grizzly
Page 179 and 180: Figure 20.8 Aquatic Resources Proph
Page 181 and 182: 20.3.2 LICENSING The Project will b
Page 183 and 184: (Transport Canada 2010). New constr
Page 185 and 186: Table 20.1 Applicable Legislation,
Page 187 and 188: 20.4 M I NE C LOSURE AND R ECLAMATI
Page 189 and 190: Umbrella Final Agreement, the White
Page 191 and 192: 20.5.2 NON-ABORIGINAL COMMUNITIES T
Page 193 and 194: 21.0 C APITAL AND O PERATING C OSTS
Page 195 and 196: Mine Equipment 21.2.2 SUSTAINING 20
Page 197 and 198: Table 21.7 Contingency (US$ million
Page 199 and 200: • mobilization and demobilization
Page 201 and 202: Spares • safety including safety
Page 203 and 204: 21.3 O PERATING C OSTS 21.3.1 GENER
Page 205: Table 21.11 Summary of Mining Opera
Page 209 and 210: 22.0 ECONOMIC A NALYSIS 22.1 I NTRO
Page 211 and 212: Table 22.3 Metal Production from th
Page 213 and 214: Table 22.4 Summary of Pre-tax Finan
Page 215 and 216: 22.4 M ETAL P RICE S CENARIOS The L
Page 217 and 218: Figure 22.3 IRR Sensitivity Analysi
Page 219 and 220: Figure 23.1 Adjacent Properties Pro
Page 221 and 222: Figure 24.1 Wellgreen Project Execu
Page 223 and 224: 25.2 M INING Table 25.1 Wellgreen R
Page 225 and 226: Table 25.4 Process Capital Cost Sum
Page 227 and 228: Table 26.1 Wellgreen Expansion Budg
Page 229 and 230: 26.2 M INING sample selection shoul
Page 231 and 232: Trade-off studies should be complet
Page 233 and 234: • develop a negotiation strategy
Page 235 and 236: METALLURGY Davis, David and Bruwer,
Page 237 and 238: Yukon Environmental and Socio-econo
Page 239 and 240: TODD MCCRACKEN, P.GEO. I, Todd McCr
Page 241 and 242: PHILIP BRIDSON, P.ENG. I, Philip Br
Page 243 and 244: APPENDIX A L IST OF C LAIMS
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Certificate of Analysis First issue
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Hf µg/g 0.5 4 / 20 Ho µg/g 0.2 3
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assess laboratory results, users ar
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Constituent Unit Mean Table 2 - Pro
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Table 3 - Informational Values Cons
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CERTIFYING OFFICER ________________
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An Investigation into METALLURGICAL
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Prophecy Platinum Corporation - Wel
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Sample Fraction Mass Size Distribut
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Mass (% Chalcopyrite) Prophecy Plat
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Mass (% Pentlandite) Prophecy Plati
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Mass (% Pyrrhotite) Prophecy Platin
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Pyrrhotite Recovery % Prophecy Plat
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Cu Rec, % Ni Rec, % Gng Rec, % 100
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Grade (%) Cu + Ni Grade (g/t) PGE G
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Prophecy, Wellgreen samples 50149-0
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OnLine LIMS SGS Lakefield Research
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Certificate of Analysis Work Order:
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Final : VC120756 Revision REVISED O
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Final : VC120590A Revision REVISED
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SGS Minerals Services Standard Bond
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Project No.: 50149-001 Test No.: MC
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SGS Minerals Services STANDARD BOND
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SGS Minerals Services Project No. D
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Test No.: F1 Project No.: 50149-001
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Test No.: Sep-F1 Project No.: 50149
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Test: F30 Project: 11603-005 50149-
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Test: F32 Project: 11603-005 50149-
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Test: F34 Project: 11603-005 50149-
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Test: F36 Project: 11603-005 50149-
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Test: F38 Project: 11603-005 50149-
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Test No.: HNI-F1 Project No.: 50149
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Test: HNI-F3 Project: 11603-005 501
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Test: HNI-F5 Project: 11603-005 501
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Test: LCT-1 Project: 50149-001 Date
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Test: LCT-1 Overall Stability Total
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Test: LCT-2 Metallurgical Predictio
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Test: LCT-4 Project: 50149-001 Date
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Test: LCT-4 Overall Stability Total
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Prophecy Platinum Corp 50149-101 MI
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Mineral Abundance (wt.%) 100 90 80
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CAVM-50149-101 MI7018-MAR12 Sample
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CAVM-50149-101 MI7018-MAR12 Sample
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erra Mineralogical Services Inc. Mi
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TerraMS-12JUL-001 Wellgreen - Pt-Pd
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APPENDIX D M INING
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LG Phase Revenue Factor (%) Mineral
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Figure 3 Overall Ultimate Pit Produ
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Table 3 Penetration and Drilling Ra
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HAULAGE General Hauling Conditions
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Year Mechanical Availability (%) Us
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