MOUNT MILLIGAN MINE
| 959 | Million pounds copper in proven and probable reserves |
|---|---|
| 2.4 | Million ounces gold in proven and probable reserves |
| 9 | Year mine life |
Mount Milligan is located approximately 155 kilometres northwest of Prince George in central British Columbia, Canada. The Mount Milligan Mine is a conventional truck-shovel open-pit copper and gold mine and concentrator with a 60,000 tpd capacity copper flotation processing plant. Mount Milligan has an estimated mine life of 9 years.
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| More Photos... |
Mount Milligan Environmental Policy
Mount Milligan Technical Report – Filed March 26, 2020
June 2017 Mt. Milligan Mine Site Tour
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MOUNT MILLIGAN RESERVES
The following information is based upon the "NI 43-101 Technical Report, Mount Milligan Mine, North-Central British Columbia" dated March 26, 2020 with an effective date of December 31, 2019 (the "Mount Milligan Technical Report").
The following tables set forth the estimated copper and gold mineral reserves for Mount Milligan as of December 31, 2020:
Proven and Probable Copper and Gold Estimated Mineral Reserves at December 31, 2020(1 ^2 3)
| Property | Category | Tonnes | Copper Grade | Contained Copper | Gold Grade | Contained Gold |
|---|---|---|---|---|---|---|
| (000’s) | (% Cu) | (millions of lbs) | (gram per tonne) | (000’s of oz) | ||
| Mount Milligan | Proven | 125,179 | 0.23 | 624 | 0.40 | 1,613 |
| Probable | 45,397 | 0.21 | 213 | 0.37 | 535 | |
| Proven+Probable | 170,576 | 0.22 | 837 | 0.39 | 2,148 |
Notes:
(1) ~CIM ~definitions ~were ~followed ~for ~Mineral ~Reserves estimation.
(2) ~Mineral ~Reserves ~are ~estimated ~at $7.64/t (C$9.55/t) ~NSR cut-off ~value ~using ~metal ~prices ~of $3.00 ~per ~pound ~copper ~and $1,250 ~per ~ounce gold, ~and ~a US$/C$ ~exchange ~rate ~of US$1.00/C$1.25.
(3) ~Figures ~may ~not ~total ~exactly ~due ~to rounding.
~Royal ~Gold ~streaming ~agreement ~entitles ~Royal ~Gold ~to 35% ~and 18.75% ~of ~gold ~and ~copper sales, respectively, ~from ~the ~Mount ~Milligan mine. ~Under ~the ~stream arrangement, ~Royal ~Gold ~will ~pay $435 ~per ~ounce ~of ~gold ~delivered ~and 15% ~of ~the ~spot ~price ~per ~metric ~tonne ~of ~copper delivered.