Well That's interesting. Short Capital recoupment time frame....

Well That's interesting. Short Capital recoupment time frame.

This 2023 Scoping Study reveals several key aspects: • Mining and processing are now scheduled to commence at Caribou Dome with a highgrade open pit followed by underground mining at Zackly which will be trucked to the proposed plant at Caribou Dome. • 83% of the material proposed to be mined falls in the Measured and Indicated resource categories. • Relatively fast capital recoupment within 2.75 years is possible. • Further metallurgical test-work is intended to improve copper recovery and concentrate grades at Caribou Dome and gold recovery at Zackly. • Even modest increases in copper and gold recoveries and/or concentrate grades could deliver a dramatic uplift to potential economics. • Modest resource extensions at either deposit could also significantly further enhance projected economic returns. • Mineralisation is known to continue 150m below the current resource at Caribou Dome and a future anticipated underground mine could extend the modelled mine-life. • Revenue from copper contributes more than gold or silver at the assumed commodity prices. Sensitivity analysis indicates potential economic returns are most responsive to the copper price,