Ajax Cu-Au Project, BC
Feasibility Study results for Ajax Copper-Gold Project in B.C.
Average Annual production estimated at 109 million lbs Cu & 99,000 oz Au over 23 years
- Total Proven & Probable mineral reserves of 3 bil lbs Cu and 2.7 mil ozs Au at 0.27% Cu and 0.17 g/t Au based on $2.50 Cu and $1,085 Au
- 23 year mine life at a processing rate of 60,000 t/d or 21.9 mta at a LOM stripping ratio of 2.4:1
- LOM production of 2.5 bil lbs Cu and 2.28 mil ozs Au in concentrate
- Initial capital costs of $795 mil, including contingency of $87 mil
- Cash cost per lb of copper of $1.28 net of gold credits
Featured Projects
Ajax Extension
A copper-gold rich zone lying immediately adjacent to the Ajax deposit, the Ajax Extension area offers significant potential to add additional resources. Highlights from initial drilling in 2007 include drill hole AM-07-01, intersecting 116.5 metres (382 feet) grading 0.36% copper and 0.21 g/t gold.
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Rainbow
A copper-gold mineralized zone favourably situated 3.5 kilometres southeast from the past producing Afton mill site, along the same structural trend that hosts the previously mined Afton, Pothook, and Ajax ore bodies. A mineral inventory estimate of 47.1 million tonnes grading 0.345% copper and 0.084 g/t gold could contain over 358 million pounds of copper and approximately 127,000 ounces of gold.
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DM Audra Zone
With over 11,300 metres of diamond drilling completed at the DM zone, a 28.5 million tonne mineralized zone grading 0.295% copper and 0.153 g/t gold could contain over 185 million pounds of copper and approximately 140,000 ounces of gold. Like all of the Afton area projects, the DM zone is favorably situated near all facets of mining and development infrastructure.
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