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Lundin Mining Corp.
Summary
| Project: | Eagle Mine | |
|---|---|---|
| Deposit: | Eagle East | |
| Location: | United States | |
| Commodities: | Copper-Gold-Silver-Nickel-Cobalt-Platinum-Palladium | |
| Date: | 4/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 10-4-2017: Lundin Mining Corp. announces a Feasibility Study report for its Eagle East deposit at the Eagle Mine project. Feasibility study results + updated mineral resource and Initial ore reserve at Eagle East. Roscoe Postle Associates Inc. (RPA) was r | |
| Resources: | (Reserve, Prob.): 1.544Mt @ 3% Cu, 3.7% Ni, 0.1% Co, 0.4g/t Au, 10.6g/t Ag, 1.2g/t Pt at Eagle East | |
| CP/QP: | [Resources]: David Rennie (Roscoe Postle Associates Inc.) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Lundin Mining Corporation (LMC) to complete a review of a Mineral Resource estimate and Feasibility Study (FS) by LMC on the Eagle East Project (Eagle East) and to prepare an independent Technical Report on the Eagle Mine (Eagle) property, located in the Upper Peninsula of Michigan, USA. The Eagle Mine, including Eagle East, is 100% owned and operated by Eagle Mine LLC, an indirect wholly owned subsidiary of LMC. The purpose of this report is to support the public disclosure of the Mineral Resource and Mineral Reserve estimates. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. RPA last visited the property on June 7 and 8, 2016. The Eagle Mine is an operating 2,000 tonnes per day (tpd) underground nickel-copper mine. Ore from the Eagle Mine is trucked approximately 105 km to the Humboldt Mill, a former iron ore processing facility which was refurbished by LMC. The Eagle deposit is covered by both state and private mineral leases with the Mineral Resource estimates split approximately equally between them. The Eagle Mine has obligations under state and private royalty agreements ranging from 1.0% to 7.0%.RPA considers that the Mineral Resource and Mineral Reserve estimates are classified and reported in accordance with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves dated May 10, 2014 (CIM definitions). RPA is not aware of any environmental, permitting, legal, title, taxation, socio-economic, marketing, political, or other relevant factors that could materially affect the Mineral Resource and Mineral Reserve estimates. | |
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