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

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13.3 SGS V ANCOUVER – J UNE 2012<br />

A new test program was started at SGS in October 2011. The sample was delivered<br />

to SGS by Prophecy Platinum. Tetra Tech did not supervise any of the test work<br />

involved in the program. The results from the final report from SGS were used for<br />

the predicted bulk concentrate grades and recoveries. The report is provided in<br />

Appendix C.<br />

13.3.1 LOCKED CYCLE TEST WORK<br />

Several batch tests were <strong>com</strong>pleted to develop the parameters for the locked cycle<br />

tests (LCTs). Table 13.8 summarizes the LCTs performed in the SGS study.<br />

A calculated head feed grade of 0.45% nickel, 0.35% copper, 0.42 g/t platinum, and<br />

0.46 g/t palladium was tested. Conventional flotation conditions were used to<br />

produce a concentrate with emphasis on base metal recoveries from locked cycle<br />

testing (LCT-1 to LCT-3).<br />

While this preliminary phase focused on metal recovery from <strong>Wellgreen</strong>’s<br />

mineralization of typical representative grade, an additional test (LCT-4) was<br />

conducted using material with a higher calculated head feed grade of 0.83% nickel,<br />

0.55% copper, 0.57 g/t platinum, 0.57 g/t palladium, and 0.08 g/t gold.<br />

Table 13.8 SGS – LCT Concentrate Grades and Recoveries<br />

Ni<br />

(%)<br />

Cu<br />

(%)<br />

Concentrate Grade Concentrate Recovery<br />

Co<br />

(%)<br />

Pt<br />

(g/t)<br />

Pd<br />

(g/t)<br />

Au<br />

(g/t)<br />

Prophecy Platinum Corp. 13-9 1193460500-REP-R0001-02<br />

<strong>Wellgreen</strong> <strong>Project</strong> <strong>Preliminary</strong> <strong>Economic</strong> <strong>Assessment</strong>,<br />

Yukon, Canada<br />

Ni<br />

(%)<br />

Cu<br />

(%)<br />

Co<br />

(%)<br />

Pt<br />

(%)<br />

Pd<br />

(%)<br />

Au<br />

(%)<br />

LCT-1 8.9 8.9 0.5 3.1 7.8 0.6 63.3 86.9 60.3 24.6 62.1 48.1<br />

LCT-2 7.1 7.0 N/A 2.4 6.8 0.5 63.4 84.9 N/A 26.4 64.4 62.9<br />

LCT-3 5.7 6.0 N/A 3.6 6.2 0.5 67.6 87.8 N/A 46.0 72.9 58.9<br />

LCT-4 8.2 6.5 N/A 2.9 5.6 0.6 72.9 88.0 N/A 37.7 72.6 62.2<br />

LCT-1 was an LCT which featured separate copper and nickel concentrates to try<br />

and achieve the maximum recovery of each metal. This is preliminary work carried<br />

out with respect to creating separate copper and nickel concentrates. More work<br />

should be carried out in the future to determine the PGE recoveries for each<br />

concentrate.<br />

LCT-2 was a bulk concentrate LCT. LCT-3 was a repeat of LCT-1 but the<br />

concentrates were not split out. LCT-4 was a split concentrate LCT run on a higher<br />

nickel grade <strong>com</strong>posite. LCT-3 was chosen as the most representative test and has<br />

been used for the design and predicted concentrate grades and recoveries in this<br />

study. There were no cobalt analyses for this test so the cobalt recovery was

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