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

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LG Phase Revenue Factor (%) Mineralized Material ('000 t) Waste Rock ('000 t) Strip Ratio (t:t) Ni Grade (%) Cu Grade (%) Co Grade (%) Au Grade (g/t) Pt Grade (g/t) Prophecy Platinum Corp, 2 1193460500-REP-R0001-00 Wellgreen Project Preliminary Economic Assessment, Yukon, Canada Pd Grade (g/t) Pit Shell 30 68 467,364 1,137,398 2.43 0.32 0.25 0.02 0.17 0.40 0.34 Pit Shell 31 70 474,781 1,148,702 2.42 0.32 0.25 0.02 0.17 0.39 0.34 Pit Shell 32 72 478,428 1,168,895 2.44 0.32 0.25 0.02 0.17 0.39 0.33 Pit Shell 33 74 484,413 1,179,067 2.43 0.31 0.25 0.02 0.16 0.39 0.33 Pit Shell 34 76 486,026 1,187,315 2.44 0.31 0.25 0.02 0.16 0.39 0.33 Pit Shell 35 78 488,110 1,195,453 2.45 0.31 0.25 0.02 0.16 0.39 0.33 Pit Shell 36 80 492,359 1,214,952 2.47 0.31 0.25 0.02 0.16 0.39 0.33 Pit Shell 37 82 492,983 1,218,222 2.47 0.31 0.25 0.02 0.16 0.39 0.33 Pit Shell 38 84 494,889 1,232,120 2.49 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 39 86 497,997 1,263,407 2.54 0.31 0.25 0.02 0.16 0.38 0.33 Pit Shell 40 88 498,471 1,265,335 2.54 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 41 90 499,653 1,270,911 2.54 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 42 92 501,192 1,288,429 2.57 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 43 94 501,995 1,299,467 2.59 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 44 96 502,750 1,308,127 2.60 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 45 98 503,032 1,311,944 2.61 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 46 100 504,375 1,336,980 2.65 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 47 102 504,404 1,337,361 2.65 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 48 104 505,279 1,344,494 2.66 0.31 0.24 0.02 0.16 0.38 0.33 Pit Shell 49 106 511,971 1,456,737 2.85 0.31 0.25 0.02 0.16 0.38 0.32 Pit Shell 50 108 513,152 1,469,841 2.86 0.31 0.25 0.02 0.16 0.38 0.32 Pit Shell 51 110 513,219 1,470,274 2.86 0.31 0.25 0.02 0.16 0.38 0.32 Pit Shell 52 112 514,006 1,487,558 2.89 0.31 0.25 0.02 0.16 0.38 0.32 Pit Shell 53 114 514,686 1,496,165 2.91 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 54 118 515,191 1,506,523 2.92 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 55 120 515,206 1,506,593 2.92 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 56 122 515,580 1,511,463 2.93 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 57 124 515,590 1,511,617 2.93 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 58 126 517,124 1,545,160 2.99 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 59 136 517,165 1,546,282 2.99 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 60 138 517,178 1,546,423 2.99 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 61 140 517,207 1,547,585 2.99 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 62 142 517,341 1,548,764 2.99 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 63 144 519,195 1,610,064 3.10 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 64 146 519,899 1,621,949 3.12 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 65 148 520,587 1,631,467 3.13 0.30 0.25 0.02 0.16 0.38 0.32 Pit Shell 66 150 520,599 1,631,943 3.13 0.30 0.25 0.02 0.16 0.38 0.32
1.2 M INE D ESIGN AND S CHEDULING Figure 1 Ramp Width Design – Concept Figure 2 Minimum Pushback Width – Concept Double Lane Road Width Pushback Width Double-Side Loading Prophecy Platinum Corp, 3 1193460500-REP-R0001-00 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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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-
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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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Page 466 and 467: 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
Page 518 and 519: Figure 3 Overall Ultimate Pit Produ
Page 520 and 521: Table 3 Penetration and Drilling Ra
Page 522 and 523: HAULAGE General Hauling Conditions
Page 524: Year Mechanical Availability (%) Us
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