May 8 NR Until the FEED Study is completed, no further pre-construction activities are expected or required to be undertaken. In the meantime, overall site management will be transitioned to the Company's team.
Concurrent to work on the FEED Study, the Company is developing a revised estimate of initial construction capital, sustaining capital, metallurgical recoveries and operating costs for Avanti Kitsault based on advances in engineering, procurement and metallurgical test work. The revised estimate is expected to be completed in the second half of 2015, at which time the Company intends to file an updated NI 43-101 Technical Report.
Pre-construction activities at Avanti Kitsault are now complete. Rough grinding of the earthworks for the Project's camp and processing plant area have been substantially finished and restoration and upgrade of the Nass River Bridge, providing primary road access to site, is complete.