Xietongmen

The Xietongmen property covers an area of 1,290 ha and is located 240 kilometers southwest of Lhasa in Tibet, China.

Proven and Probable reserves 182.1 million tonnes grading at at 0.15% Copper Cut-off: 0.45% copper, 0.62 g/t gold, 4.03 g/t silver. The ore will be mined via open pit method and the feasibility study foresees a 40,000 tonnes per day copper concentrator for processing. Copper recovery will be accomplished by flotation, producing a 25% copper concentrate.

At a capital cost of US$ 476.2 million, the pre-production period is expected to last 8 months. A three-stage pit operation is proposed for the development of the mine, with each stage lasting 3-5 years. Upon completion of the permitting process, the project would take approximately 24 months to construct. Processing facilities, concentrate storage and truck load out facilities, repair shops, administration and maintenance facilities, assay laboratory, water treatment facilities, cafeteria and a clinic are to be built at site.