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

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Constituent Unit Mean Table 2 – Provisional Values Within-Lab Standard Deviation Between- Labs Standard Deviation 95% Confidence Limit Ag ug/g 0.7 0.05 0.2 ± 0.2 Al2O3 % 2.95 0.09 0.22 ± 0.15 As ug/g 1.4 0.5 0.9 ± 0.8 Ba ug/g 22 2 7 ± 4 Bi ug/g 0.19 0.05 0.05 ± 0.09 CaO % 2.07 0.07 0.16 ± 0.11 Cd ug/g 0.43 0.16 0.13 ± 0.17 Ce ug/g 6 0.4 1 ± 1 Co ug/g 180 5 15 ± 9 Cr % 0.33 0.02 0.09 ± 0.05 Cs ug/g 0.73 0.09 0.06 ± 0.06 Dy ug/g 1.1 0.1 0.3 ± 0.3 Er ug/g 0.5 0.05 0.1 ± 0.2 Eu ug/g 0.31 0.04 0.06 ± 0.06 Ga ug/g 4.5 0.5 0.8 ± 0.9 CaO % 2.07 0.07 0.16 ± 0.11 Gd ug/g 0.9 0.1 0.3 ± 0.4 Hf ug/g 0.61 0.05 0.15 ± 0.15 Ho ug/g 0.18 0.03 0.05 ± 0.09 La ug/g 2.2 0.1 0.3 ± 0.2 Li ug/g 4.2 0.2 1.0 ± 1.6 Lu ug/g 0.07 0.008 0.03 ± 0.03 MgO % 31 1 3 ± 2 LOI % 10.2 0.1 0.2 ± 0.3 Mo ug/g 0.9 0.2 0.3 ± 0.3 Na2O % 0.041 0.008 0.023 ± 0.016 Nb ug/g 2.4 0.2 0.6 ± 0.8 WPR-1 January 2010 2 of 6
Constituent Unit Mean Table 2 – Provisional Values (cont’d) Within-Lab Standard Deviation Between- Labs Standard Deviation 95% Confidence Limit Nd ug/g 3.5 0.3 0.7 ± 0.7 Ni % 0.29 0.01 0.04 ± 0.02 Os ng/g 13.3 1.6 1.6 ± 2.1 P2O5 % 0.037 0.002 0.011 ± 0.012 Pb ug/g 6 1 3 ± 3 Pr ug/g 0.7 0.05 0.2 ± 0.3 Rb ug/g 5 0.4 2 ± 2 S % 0.94 0.04 0.04 ± 0.06 Sb ug/g 0.9 0.08 0.48 ± 0.35 Sc ug/g 12 0.4 1 ± 1 Se ug/g 4 0.6 1 ± 1 SiO2 % 36.2 0.9 0.1 ± 0.4 Sm ug/g 0.9 0.06 0.21 ± 0.2 Sn ug/g 1.1 0.2 0.2 ± 0.3 Sr ug/g 7 1.0 2.0 ± 2 Th ug/g 0.4 0.06 0.2 ± 0.2 Tm ug/g 0.09 0.02 0.02 ± 0.03 U ug/g 0.2 0.05 0.10 ± 0.1 V ug/g 65 3 37 ± 26 Y ug/g 5 0.3 1 ± 1 Yb ug/g 0.48 0.05 0.13 ± 0.14 Zn ug/g 95 6 19 ± 11 Zr ug/g 18 3 3 ± 3 WPR-1 January 2010 3 of 6
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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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Table 20.1 Applicable Legislation,
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20.4 M I NE C LOSURE AND R ECLAMATI
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Umbrella Final Agreement, the White
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20.5.2 NON-ABORIGINAL COMMUNITIES T
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21.0 C APITAL AND O PERATING C OSTS
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Mine Equipment 21.2.2 SUSTAINING 20
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Table 21.7 Contingency (US$ million
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• mobilization and demobilization
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Spares • safety including safety
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21.3 O PERATING C OSTS 21.3.1 GENER
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Table 21.11 Summary of Mining Opera
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Mine Operations Position No. Annual
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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
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 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
Page 286 and 287: Mass (% Pyrrhotite) Prophecy Platin
Page 290 and 291: Pyrrhotite Recovery % Prophecy Plat
Page 298 and 299: Cu Rec, % Ni Rec, % Gng Rec, % 100
Page 310 and 311: Grade (%) Cu + Ni Grade (g/t) PGE G
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Prophecy Platinum Corporation - Wel
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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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