Announcement Date: 2022-08-08
Announcement Type: Pre-Feasibility Study
Announcement Code: NI43-101
Company name: Seabridge Gold Inc.
Project name: KSM
Location: Canada
Commodities: Gold,Silver,Copper,Molybdenum
Highlight: PFS results incl. post-tax NPV (5%) of US$5.8B & IRR of 18.9%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Canada – Seabridge Gold announced today the results of a Preliminary Economic Assessment Study (the “2022 PEA”) for a potential copper-rich underground mine at its 100% owned KSM project located in northern British Columbia, Canada. The 2022 PEA is a stand-alone mine plan that has been undertaken to evaluate a potential future expansion of the KSM mine to the copper rich Iron Cap and Kerr deposits after the 2022 Preliminary Feasibility Study (“PFS”) mine plan has been completed. The 2022 PEA is primarily an underground block cave mining operation supplemented with a small open pit and is planned to operate for 39 years with a peak mill feed production of 170,000 t/d, demonstrating that KSM has multigenerational longlife mining project potential with flexibility to vary metal output. The 2022 PFS plan disclosed on 28 June 2022 is an open pit only plan with a 33 year mine life limited to the Mitchell, East Mitchell, and Sulphurets deposits. None of the mineral resources incorporated into the 2022 PEA mine plan have been used in the 2022 PFS mine plan. For the news release announcing the 2022 PFS results please click here. Seabridge Gold Chairman and CEO Rudi Fronk noted: “KSM is really an entire district hosting a nest of potentially economic porphyry deposits with different characteristics. In our updated PFS we focused on the gold-rich deposits because of their faster payback
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