Announcement Date: 2021-11-29
Announcement Type: Deposit Estimation
Announcement Code: NI43-101
Company name: Imperial Metals Corp.
Project name: Red Chris
Location: Canada
Commodities: Gold,Copper
Highlight: Updated Resource and Reserve Estimates for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Newcrest Mining Limited (Newcrest) has prepared this Technical Report (the Report) on the Red Chris Operations (Red Chris Operations or the Project), in British Columbia (BC), Canada. The Project location is shown in Figure 2 1. The Red Chris Operations are managed by an unincorporated joint venture, the Newcrest Red Chris Joint Venture, between Newcrest Red Chris Mining Limited, a wholly-owned Newcrest subsidiary, and Red Chris Development Company Ltd. a whollyowned subsidiary of Imperial Metals Corporation (Imperial). Newcrest has a 70% joint venture interest through Newcrest Red Chris Mining Limited, and is Project manager. Imperial has a 30% interest. The Red Chris Operations are an open pit operation, producing 10–11 Mt/a ore. Newcrest plans to transition to a block cave underground mining operation that will produce 13.6 Mt/a. This Report discusses the remaining open pit life-of-mine (LOM) plan, and the results of the “Red Chris Block Cave Pre-Feasibility Study” (the 2021 PFS) evaluating the proposed block cave (the block cave project).
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