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

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Prophecy Platinum Corp 50149-101 MI7003-JAN12 High Definition Mineralogical Analysis using QEMSCAN (Quantitative Evaluation of Materials by Scanning Electron Microscopy) Chlorite/Serpentine Association Mass (Chlorite/Serpentine) Complex Chl/Serp:Pn:Talc Chl/Serp:Pn:Cpy:Po Chl/Serp:Pn:Po Chlorite/Serpentine Association - F12R Clnl Con 30.0 25.0 20.0 15.0 10.0 5.0 0.0 Chlorite/Serpentine:Chalcopyrite Chlorite/Serpentine:Pyrrhotite Chlorite/Serpentine:Pentlandite Lib Chlorite/Serpentine Free Chlorite/Serpentine Pure Chlorite/Serpentine F12R Clnl Con : Unsized 9.0 8.7 0.1 0.0 0.1 0.2 0.1 5.6 0.4 7.9 Chlorite/Serpentine Association - F12R Clnl Con Absolute Mass of Chlorite/Serpentine Across Fraction F12R Clnl Con Normalized Mass of Chlorite/Serpentine Across Fraction F12R Clnl Con Mineral Name F12R Clnl Con : Unsized Mineral Name F12R Clnl Con : Unsized Pure Chlorite/Serpentine 7.9 Pure Chlorite/Serpentine 24.5 Free Chlorite/Serpentine 0.4 Free Chlorite/Serpentine 1.3 Lib Chlorite/Serpentine 5.6 Lib Chlorite/Serpentine 17.4 Chlorite/Serpentine:Pentlandite 0.1 Chlorite/Serpentine:Pentlandite 0.2 Chlorite/Serpentine:Pyrrhotite 0.2 Chlorite/Serpentine:Pyrrhotite 0.6 Chlorite/Serpentine:Chalcopyrite 0.1 Chlorite/Serpentine:Chalcopyrite 0.4 Chl/Serp:Pn:Po 0.0 Chl/Serp:Pn:Po 0.1 Chl/Serp:Pn:Cpy:Po 0.1 Chl/Serp:Pn:Cpy:Po 0.2 Chl/Serp:Pn:Talc 8.7 Chl/Serp:Pn:Talc 27.3 Complex 9.0 Complex 28.1 Total 32.1 Total 100.0 Total (% in fraction) 100.0 Liberated 43.2 Mass (% Chlorite/Serpentine) Page 12 of 14 Complex Chl/Serp:Pn:Talc Chl/Serp:Pn:Cpy:Po Chl/Serp:Pn:Po 100 90 80 70 60 50 40 30 20 10 Chlorite/Serpentine:Chalcopyrite Chlorite/Serpentine:Pyrrhotite Chlorite/Serpentine:Pentlandite Lib Chlorite/Serpentine Free Chlorite/Serpentine Pure Chlorite/Serpentine 0 F12R Clnl Con : Unsized 28.1 27.3 0.2 0.1 0.4 0.6 0.2 17.4 1.3 24.5
Prophecy Platinum Corp 50149-101 MI7003-JAN12 High Definition Mineralogical Analysis using QEMSCAN (Quantitative Evaluation of Materials by Scanning Electron Microscopy) Chlorite/Serpentine Exposure Mass ( Chlorite/Serpentine) Locked Chlorite/Serpentine Exposure - F12R Clnl Con 30.0 25.0 20.0 15.0 10.0 5.0 0.0 0-30% Exposed 30-50% Exposed 50-80% Exposed Exposed Unsized 0.0 2.1 4.9 11.9 13.1 Absolute Mass of Chlorite/Serpentine Across Fraction F12R Clnl Con Normalized Mass of Chlorite/Serpentine Across Fraction F12R Clnl Con Mineral Name Unsized Mineral Name Unsized Exposed 13.1 Exposed 40.9 50-80% Exposed 11.9 50-80% Exposed 37.2 30-50% Exposed 4.9 30-50% Exposed 15.4 0-30% Exposed 2.1 0-30% Exposed 6.4 Locked 0.0 Locked 0.1 Total 32.1 Total 100.0 Total (% in fraction) Mass (% Chlorite/Serpentine) Page 13 of 14 Locked Chlorite/Serpentine Exposure - F12R Clnl Con 100 90 80 70 60 50 40 30 20 10 0-30% Exposed 0 30-50% Exposed 50-80% Exposed Exposed Unsized 0.1 6.4 15.4 37.2 40.9
Page 1 and 2:
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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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-
Page 416 and 417: Test No.: F40 Project No.: 50149-00
Page 418 and 419: Test No.: HNI-F1 Project No.: 50149
Page 420 and 421: Test: HNI-F3 Project: 11603-005 501
Page 422 and 423: Test: HNI-F5 Project: 11603-005 501
Page 424 and 425: Test: LCT-1 Project: 50149-001 Date
Page 426 and 427: Test: LCT-1 Overall Stability Total
Page 428 and 429: Test: LCT-2 Metallurgical Predictio
Page 432 and 433: Test: LCT-4 Project: 50149-001 Date
Page 434 and 435: Test: LCT-4 Overall Stability Total
Page 438 and 439: Prophecy Platinum Corporation - Wel
Page 440 and 441: Prophecy Platinum Corp 50149-101 MI
Page 472 and 473: Mineral Abundance (wt.%) 100 90 80
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Page 492 and 493: CAVM-50149-101 MI7018-MAR12 Sample
Page 494 and 495: CAVM-50149-101 MI7018-MAR12 Sample
Page 496 and 497: erra Mineralogical Services Inc. Mi
Page 498 and 499: TerraMS-12JUL-001 Wellgreen - Pt-Pd
Page 514 and 515: 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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