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

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Committee on the Status of Endangered Wildlife in Canada (COSEWIC), 2005. COSEWIC Assessment and Status Report on the Baikal Sedge Carex Sabulosa in Canada. ISBN 0-662-40577-3. Ecological Stratification Working Group, 1996. A National Ecological Framework for Canada. Ottawa: Centre for Land and Biological Resources Research, Research Branch, Agriculture and Agri-Food Canada. Print. Environment Yukon, 2012. Asi Keyi (Park in progress). Updated March 04, 2011 Available: http://www.env.gov.yk.ca/parksconservation/AsiKeyi.php Environment Yukon, 2010. Wildlife Key Areas. Available: http://www.env.gov.yk.ca/wildlifebiodiversity/wildlife_key_areas.php Environment Yukon, 2011. Registered Trapping Concessions. Available: http://www.environmentyukon.ca/maps/media/uploads/pdfmaps/Registered_Trapping_Concessions_115FG.pdf Fisheries and Oceans Canada (DFO), 2002. Fisheries Act and the Project Review Process. Available: http://www-heb.pac.dfompo.gc.ca/publications/pdf/lwr_fraser_proj_rev_process_e.pdf. Government of Yukon, 2010. Yukon Freshwater Fishes. ISBN 978-1-55362-461-5. Print. Mining Yukon, 2011. First Nation Land Claims. Available: http://miningyukon.com/communityenvironment/firstnations/firstnationlandclaims/. Minister of Public Works and Government Services Canada. Kluane First Nation Final Agreement. Minister of Indian Affairs and Northern Development, 18 Oct. 2003. Avaialble. http://www.aadnc-aandc.gc.ca/eng/1294426831933 Transport Canada, 2010. Frequently Asked Questions – Questions about the Navigable Waters Protection Act or NWPA. Available: http://www.tc.gc.ca/eng/marinesafety/oep-nwpp-faqs-202.htm. Wardrop Engineering Inc., 2011. Technical Report and Resources Estimate on the Wellgreen Platinum-Palladium-Nickel-Copper Project, Yukon, Canada. Report Prepared for Prophecy Platinum. Prepared by Wardrop Engineering Inc, a Tetra Tech Company. July 21, 2011. Yukon Energy, Mines, and Resources, 2006. Yukon Mine Site Reclamation and Closure Policy. Available: http://www.emr.gov.yk.ca/mining/pdf/final_text_ft_guidelines.pdf. Yukon Energy, Mines, and Resources, 2010. Quartz Mining License Application Guide. Available: http://www.emr.gov.yk.ca/mining/pdf/qm_license_application_guide.pdf. Prophecy Platinum Corp. 27-3 1193460500-REP-R0001-02 Wellgreen Project Preliminary Economic Assessment, Yukon, Canada
Yukon Environmental and Socio-economic Board (YESAB), 2011. Yukon Environmental and Socio-economic Board. Available: http://www.yesab.ca. Yukon Executive Council Office (ECO), 2011a. First Nation Community Profiles: Kluane. Available: http://www.eco.gov.yk.ca/pdf/FN_Com_Profile_KFN_LH_Ed.pdf. Yukon Executive Council Office (ECO), 2011b. First Nation Community Profiles: White River. Available: http://www.eco.gov.yk.ca/pdf/FN_Com_Profile_WRFN_LH_ed.pdf. Yukon River Inter-Tribal Watershed Council (YRITWC), 2002. Yukon River Unified Watershed Assessment. Available: http://www.yritwc.org/Portals/0/PDFs/UnifiedWatershedAssessment.pdf. Yukon Water, 2011. Yukon Water. Available: http://yukonwater.ca/. Yukon Water Board, 2006. Information Sheet for Quartz Mining Undertakings. Available: http://www.yukonwaterboard.ca/forms/Quartz%20Info%20Sheet%20March06.pdf. Personal Communications B. Coppard, November 10, 2011. Manager of Claims Implemmentation and Aboriginal Affairs. Yukon Government, Department of Environment. B. McLean, January 19, 2012. Senior Habitat Protection Biologist. Government of Yukon, Department of Environment. MARKET STUDIES AND CONTRACTS Implats: Interim Results; February 16, 2012. Presentation. D. Melo, December 2011. KPMG: Quarterly Commodity Insights Bulletin – Nickel. International Copper Study Group. Press Release Date Issued: October 4, 2011 Copper Market Forecast 2011-2012. J. Butler. Platinum 2011: Interim Review. Johnson Matthey. D. Wilson, September 2011. Macroeconomic Impacts on the Copper Industry and Copper Markets in 2011-2012. Societe Generale – Cross Asset Research. P. Magilligan, January 2012. Platinum Market Review. Prophecy Platinum Corp. 27-4 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
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17.5 P ROCESS P LANT The process pl
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Figure 18.1 Wellgreen Project Overa
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ultimate impoundment surface area o
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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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Figure 19.5 Nickel Demand (2009 to
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20.0 ENVIRONMENTAL STUDIES, PERMITT
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Tailings and mill concentrate sampl
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20.2.4 AQUATIC RESOURCES The Proper
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Figure 20.2 Wildlife Ranges-Woodlan
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Figure 20.4 Wildlife Ranges-Mountai
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Figure 20.6 Wildlife Ranges-Grizzly
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Figure 20.8 Aquatic Resources Proph
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20.3.2 LICENSING The Project will b
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(Transport Canada 2010). New constr
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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 and 206: Table 21.11 Summary of Mining Opera
Page 207 and 208: Mine Operations Position No. Annual
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: METALLURGY Davis, David and Bruwer,
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
Page 245 and 246: District GrantNumber RegType ClaimN
Page 256 and 257: Certificate of Analysis First issue
Page 258 and 259: Hf µg/g 0.5 4 / 20 Ho µg/g 0.2 3
Page 260 and 261: assess laboratory results, users ar
Page 262 and 263: Constituent Unit Mean Table 2 - Pro
Page 264 and 265: Table 3 - Informational Values Cons
Page 266 and 267: CERTIFYING OFFICER ________________
Page 268 and 269: An Investigation into METALLURGICAL
Page 270 and 271: Prophecy Platinum Corporation - Wel
Page 280 and 281: Sample Fraction Mass Size Distribut
Page 282 and 283: Mass (% Chalcopyrite) Prophecy Plat
Page 284 and 285: Mass (% Pentlandite) Prophecy Plati
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Mass (% Pyrrhotite) Prophecy Platin
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Prophecy Platinum Corporation - Wel
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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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