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Abacus Mining & Exploration Corp.

Abacus is a mineral exploration and mine development company with a 20% interest in the Ajax copper-gold project located at the historic Ajax-Afton site southwest of Kamloops, B.C., and an option to acquire up to a 75% interest in the Willow copper-gold property in Douglas County, Nevada, a region known for past copper-gold production. The Ajax project is a proposed copper-gold open-pit mine that has recently undergone a provincial and federal environmental assessment process. The Company is awaiting the Federal responsible authorities to seek a final decision from Cabinet on whether the Project can proceed, following a decision on December 14, 2017 by the BC Minister of Environment and Climate Change Strategy and Minister of Energy, Mines and Petroleum Resources to decline the environmental assessment certificate for the Project. Through KGHM Ajax Mining Inc., a joint venture company between Abacus (20%) and KGHM Polska Miedz S.A. (KGHM) (80%), the Ajax Mine has been funded in large part by KGHM and operated by its wholly-owned subsidiary, KGHM International Ltd.

Abacus will be at the 2018 Vancouver Resource Investment Conference -- Booth 441
on January 21-22, 2018 at the Vancouver Convention Centre West, 1055 Canada Place

Ajax Project - Positive NI-43-101 Feasibility Study Update - February 19, 2016
Supersedes Feasibility Study of January 6, 2012
  • Total proven and probable mineral reserves of 2.7 bil lbs Cu, 2.6 mil oz Au and 5.3 mil oz Ag at 0.29% Cu, 0.19 g/t Au and 0.39 g/t Ag.*
  • 18 year mine life at avg processing rate of 65,000 tpd; overall stripping ratio of 2.65:1
  • Avg annual production of Cu and Au in concentrate of 58,000t Cu and 125,000 oz Au
  • Initial capital expenditures of $1.307 billion
  • Pre-tax NPV (8%) = $429.4 M Pre-tax NPV (5%) = $872.5 M
  • Pre-Tax IRR 13.4%; payback (years) 6.5
*Based on LOM metal prices of Cu: US$3.21/lb, Au: US$1,200/oz, Ag: US$17/oz


Dec 20, 2017
Dec 15, 2017
Nov 06, 2017
Oct 30, 2017
Oct 23, 2017



Symbol: TSX-V: AME
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KGHM Ajax Mining Inc.
KGHM Ajax Mining Inc.
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