Project Summary
OWNERSHIP
100% owned by West High Yield Resources
LOCATION
• 8,972 hectares property located 7.5 km air west to southwest of the town of Rossland, B.C., Canada; 5 km north of the U.S.-Canada border, with excellent regional infrastructure including established rail access, roads and highways, electrical power, water and natural gas.
DEPOSITS
• Mg mineralization widespread in ultramafic rocks that had undergone serpentinization.
• Deposits remain open along strike and at depth.
RESOURCE ESTIMATE
• Measured: 28.4M t onnes at 24.82% Mg (41.62% MgO)
• Indicated: 14.6M tonnes at 24.21% Mg (40.15% MgO)
• Total M&I: 43M tonnes at 24.6% Mg (40.79% MgO)
PEA RESULTS
• Updated Optimization PFS completed (2019) highlighting robust project economics with an after tax NPV 5% of C$742 Million and an after tax IRR 30% over a 42 year mine life
• Upfront Capital requirements of C$310 million
• Market Study supports premium MgO (over 99%) pricing outlook with Nickel and Silica credits
• Premium MgO product supporting top applications including automotive, aerospace, defense, Mg
metal and alloys, food and pharmaceuticals, and others
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