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Carmacks Snapshot

Based on Feasibility Study - May 2007
OWNERSHIP 100%
RESERVE 10.6 million tonnes (Proven + Probable)
PRIMARY METAL Copper
PROCESS Heap leach, solvent extraction/electrowinning
END PRODUCT Copper cathode
MINE TYPE Open pit
MINE LIFE 6+ years
EMPLOYEES 180 (peak production), 250 (peak construction)
LOCATION 220 km north of Whitehorse, Yukon - 400 km from year-round port at Skagway, AK
INFRASTRUCTURE Good road access, upgrade of a 13 km access road
POWER 12 km from Yukon power grid
STATUS Engineering / Permitting (Obtained license allowing construction)

Notes:

Feasibility Study: M3 Engineering & Technology Corporation, May 2007 - Qualified Person: Timothy S. Oliver, P.Eng. - Metal Price: US$2.32/lb copper (LME three years historical, two years future metal prices rolling average as of March 2007) - Foreign Exchange: C$ 1.00 = US$ 0.85

Updated: June 9, 2010