Name of the Project
Casino copper/gold/molybdenum project.

Location
Yukon, Canada. 

Project Owner/s
Western Copper and Gold Corporation.

Project Description
A feasibility study has confirmed Casino’s robustness and ability to withstand inflationary pressures.

The study proposes the construction of an openpit mine, with a concentrator processing 120 000 t/d to recover copper, gold, molybdenum and silver, as well as a 25 000 t/d oxide heap-leach facility to recover gold, silver and copper.

Average metal production is estimated at 163-million pounds a year of copper, 211 000 oz/y of gold, 1.28-billion ounces a year of silver and 15.1-million pounds a year of molybdenum.

Initial production will focus on the deposit’s oxide cap as a heap-leach operation to recover gold and silver in doré form. The main sulphide deposit will be processed using a conventional concentrator to produce copper/gold/silver/molybdenum concentrates.

The mill operation has a mine life of 27 years and the heap-leach operation a mine life of 24 years.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of $3.47-billion and an internal rate of return of 21.1%, with a payback of 3.3 years at a copper price of $3.60/lb and a gold price of $1 700/oz.

Capital Expenditure
The project requires an initial capital investment of $3.62-billion.

Planned Start/End Date
Not stated.

Latest Developments
Western Copper and Gold has upsized its bought-deal public offering to fund permitting and engineering work at its Casino project to $40-million.

The company announced an amended agreement on April 16 with Eight Capital, under which underwriters have agreed to buy, on a bought-deal basis, 21 055 000 shares at $1.90 each.

The underwriters have an over-allotment option to buy up to an additional 3 158 250 common shares, representing 15% of the offering, to cover over-allotments.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Western Copper and Gold, tel +1 604 684 9497 or email info@westerncopperandgold.com