EMPIRE MINE

Overview

*Pre Feasibility Study

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SUMMARY & LOGISTICS

MINERAL RESERVE

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National Instrument 43-101 Technical Report: Updated Mineral Resource Estimate for the Empire Mine Project, Custer County, Idaho USA” May 30, 2020, by Hard Rock Consulting LLC., Jeff Choquette, P.E., State of Montana (No. 12265), J. J. Brown, P.G., SME-RM (No. 4168244RM), and Zachary J. Black, SME-RM (No. 4156858RM).

*The mineral reserves reported herein for the Empire project have been estimated in a manner consistent with the NI 43-101 Committee of Mineral Reserves International Reporting Standards (“CRIRSCO”) of which both the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) and Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”) are members.

PFS1 / Production / Financials

1. Pre Feasibility Study      2. As of Sept. 18, 2024      3. Life-of-Mine

Catalysts

PERMITTING

  • Mine situated mainly on patented land, simplifying and accelerating permitting.

PROCESS

  • Extensive environmental baseline data already recorded.
  • Targeting permitting, funding, opening the portals and underground drilling of sulphide zone.

OPERATIONS

  • Target processing 4000 tonnes of ore per day, with a life of mine strip ratio of 1.69:1.
  • Flotation followed by cementation, an established approach producing copper, gold and silver from day one.
  • Designed to process both oxide and sulphide ores.
  • Potential to significantly improve economics by introducing  higher-grade ores from sulphides below.

Photos: Massive sulphide in core from 2021 drilling program

Photo: Pre-owned milling equipment arrives in Mackay, Idaho.