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BMC (UK) Ltd.

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Summary

Project:

Kudz Ze Kayah

Deposit:ABM
Location:Canada
Commodities:Zinc-Lead-Silver-Copper-Gold
Date:4/24/2019
Report Code:NI43-101
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Feasibility Study
Report details:24-4-2019: BMC (UK) Ltd. announces a Pre-Feasibility Study report for its ABM deposit at the Kudz Ze Kayah project. Restated PFS for the KZK project. BMC (UK) LIMITED (“BMC” or the “Company”), a private UK-based resources development company, today a
Resources:(Reserve, Prob.): 17.6Mt @ 5.5% Zn, 1.65 Pb, 0.85 Cu, 130g/t Ag, 1.2g/t Au at ABM
CP/QP:[Resources]: Aaron Green (CSA Global Pty Ltd.)
ABSTRACT:BMC (UK) LIMITED (“BMC” or the “Company”), a private UK-based resources development company, today announces positive Prefeasibility Study (“PFS”) results for its proposed ABM Zn/Cu/Pb/Ag/Au mine at the Kudz Ze Kayah Project (“KZK”). The ABM deposit is a zinc-dominant polymetallic volcanogenic massive sulphide (“VMS”) deposit with significant copper, lead and precious metals credits. The KZK Project is owned through BMC’s 100% subsidiary BMC MINERALS (No. 1) LTD (“BMC Minerals”), and is located east of Whitehorse in the Yukon Territory, Canada. Commenting today, BMC (UK) LIMITED CEO, Scott Donaldson stated: “The Prefeasibility Study for the ABM mine at Kudz Ze Kayah exceeds the expectations the Company had at the time of acquisition in 2015. KZK is a robust, high margin project, with compelling economics in a favourable mining jurisdiction. The strong project economics combined with our strong relationship with the local community points towards a potentially successful project that can provide good returns for the Company, with significant and sustained local benefits.” The KZK PFS outlines the development of a 2 million tonne per annum (Mtpa) mining operation (open pit and underground), concentrator processing facility and associated infrastructure at ABM. The PFS is solely based on mining of the ABM deposit, one of several VMS deposits in the region controlled by BMC Minerals. BMC believes that the region is highly prospective for further discoveries, in addition to the known deposits for which Mineral Resource estimates (JORC 2012) have already been completed. Future additional work will be undertaken by BMC Minerals to investigate further opportunities that may exist through incorporating these additional deposits into the KZK Project.

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