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

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OnLine LIMS SGS Lakefield Research CA02158-DEC11 02 December, 2011 Client (8117) Jesse Ding Reference Head Assays <strong>Project</strong> CAVM-50149-001 Batch 0042-DEC11 Supervisor wattt Notes: ICP9440.LBR - Strong Acid Digest for Highly Mineralized Samples with FUSION Tag Type Sample ID Ag g/t Al g/t As g/t Ba g/t Received 02-Dec-11 15:39 Requested 05-Dec-11 15:39 Created 02-Dec-11 15:39 Finished 12-Jan-12 09:35 Samples 3,0,0 - 44 1 SMP Massive Sulphide < 2 12400 < 30 106 0.20 < 20 2 SMP Gabbro 2 39200 < 30 165 0.34 < 20 3 SMP peridotite < 2 24500 < 30 61.3 0.18 < 20 Tag Ca g/t Cd g/t Cr g/t K g/t 1 25800 < 2 130 1790 < 5 290 < 5 582 2 78900 < 2 909 882 29 1220 < 5 1000 3 23600 < 2 3070 1560 14 1220 < 5 533 Tag P g/t Pb g/t Sb g/t Se g/t 1 < 200 < 200 < 10 79 < 20 27.0 744 < 30 2 455 < 200 < 10 < 30 < 20 29.3 3910 < 30 3 266 < 200 < 10 < 30 < 20 13.4 3200 < 30 Tag U g/t V g/t Y g/t Zn g/t 1 < 80 92 3.0 105 1.40 3.12 0.17 47.8 2 < 80 146 10.7 96 0.51 0.27 0.024 12.1 3 < 80 104 6.5 90 0.30 0.40 0.020 11.0 Tag Ni Sulfide/Meta llic S % C(t) % Au g/t 1 2.70 29.7 0.08 0.09 1.29 0.86 0.17 0.41 2 0.24 3.02 0.07 0.04 0.64 0.33 0.03 14.3 3 0.33 1.79 0.06 0.05 0.41 0.60 0.03 25.5 16 January, 2012 Page 1/1 Li g/t Sn g/t Cu % Pt g/t Mn g/t Sr g/t Ni % Pd g/t Be g/t Mo g/t Ti g/t Co % Rh g/t Bi g/t Na g/t Tl g/t Fe % MgO %
OnLine LIMS SGS Lakefield Research CA02512-DEC11 09 December, 2011 Client (8117) Jalal Tajadod Reference Head Assays <strong>Project</strong> CAVM-50149-001 Batch 0138-DEC11 Supervisor wattt Notes: ICP9440.LBR - Strong Acid Digest for Highly Mineralized Samples with FUSION Tag Type Sample ID Ag g/t Al g/t As g/t Ba g/t Received 09-Dec-11 13:15 Requested 14-Dec-11 13:15 Created 09-Dec-11 13:15 Finished 12-Jan-12 09:34 Samples 1,0,2 - 44 1 SMP High Ni Comp < 2 30000 < 30 70.7 0.20 < 20 Tag Ca g/t Cd g/t Cr g/t K g/t 1 33500 < 2 1530 1280 10 1050 < 5 434 Tag P g/t Pb g/t Sb g/t Se g/t 1 285 < 60 < 10 < 30 < 20 17.7 2760 < 30 Tag U g/t V g/t Y g/t Zn g/t 1 < 30 107 6.5 87 0.52 0.83 0.044 18.1 Tag Ni Sulfide/Meta llic S % C(t) % Au g/t 1 0.69 6.45 0.04 0.10 0.57 0.61 0.10 19.8 16 January, 2012 Page 1/1 Li g/t Sn g/t Cu % Pt g/t Mn g/t Sr g/t Ni % Pd g/t Be g/t Mo g/t Ti g/t Co % Rh g/t Bi g/t Na g/t Tl g/t Fe % MgO %
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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
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Table 22.3 Metal Production from th
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Table 22.4 Summary of Pre-tax Finan
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22.4 M ETAL P RICE S CENARIOS The L
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Figure 22.3 IRR Sensitivity Analysi
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Figure 23.1 Adjacent Properties Pro
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Figure 24.1 Wellgreen Project Execu
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25.2 M INING Table 25.1 Wellgreen R
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Table 25.4 Process Capital Cost Sum
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Table 26.1 Wellgreen Expansion Budg
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26.2 M INING sample selection shoul
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Trade-off studies should be complet
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• develop a negotiation strategy
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METALLURGY Davis, David and Bruwer,
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Yukon Environmental and Socio-econo
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TODD MCCRACKEN, P.GEO. I, Todd McCr
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PHILIP BRIDSON, P.ENG. I, Philip Br
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APPENDIX A L IST OF C LAIMS
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District GrantNumber RegType ClaimN
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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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Page 296 and 297: Prophecy Platinum Corporation - Wel
Page 298 and 299: Cu Rec, % Ni Rec, % Gng Rec, % 100
Page 310 and 311: Grade (%) Cu + Ni Grade (g/t) PGE G
Page 342 and 343: Prophecy, Wellgreen samples 50149-0
Page 344 and 345: OnLine LIMS SGS Lakefield Research
Page 348 and 349: Certificate of Analysis Work Order:
Page 350 and 351: Final : VC120756 Revision REVISED O
Page 354 and 355: Final : VC120590A Revision REVISED
Page 362 and 363: OnLine LIMS SGS Lakefield Research
Page 364 and 365: SGS Minerals Services Standard Bond
Page 366 and 367: Project No.: 50149-001 Test No.: MC
Page 368 and 369: SGS Minerals Services STANDARD BOND
Page 370 and 371: SGS Minerals Services Project No. D
Page 376 and 377: Test No.: F1 Project No.: 50149-001
Page 394 and 395: Test No.: Sep-F1 Project No.: 50149
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Test No.: F20 Project No.: 50149-00
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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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