Name of the Project
Khoemacau copper/silver project.

Location
Botswana.

Client
Khoemacau Copper Mining (KCM), a subsidiary of Cupric Canyon Capital.

Project Description
KCM plans to build an underground mine at Khoemacau’s high-grade Zone 5 deposit.

The Zone 5 resource contains 100-million tonnes of ore at 2% copper and 20 g/t silver and remains open at depth.

The Zone 5 mine will initially feed the nearby Boseto copper concentrator, which was acquired as part of Cupric’s purchase of Discovery Copper Botswana in July 2015.

The Zone 5 underground mine will be accessed through three declines and will use a highly mechanised, low-cost sublevel open stoping mining method.

The Boseto concentrator will be upgraded from its current three-million-tonne-a-year nameplate capacity to 3.6-million tonnes a year. Metal production from the

Starter project will average 50 000 t/y of copper and 1.4-million ounces of silver a year.

The Zone 5 mine is expected to have a minimum life of 25 years.

Future expansions are expected to increase production at Khoemacau up to at least 120 000 t/y of copper.

A prefeasibility study with positive results has been completed for a future concentrator to be built at Zone 5,which will process six-million tonnes and produce an average of 80 000 t/y of copper.

Once this new concentrator is built, the Boseto concentrator will process ore mined underground from the nearby Zeta and Zone 5 North deposits. The feasibility study for the new concentrator and definition drilling of the Zeta, Zeta NE and Zone 5 North deposits is expected to start in 2018.

Jobs to be Created
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Value
The project is estimated at $350-million, with the underground mine development being the biggest single cost component.

Duration
The project is expected to start commercial production in 2019.

Latest Developments
KCM has entered into a $50-million, term loan facility agreement with Red Kite Mine Finance to provide funding for KCM’s Khoemacau project.

Proceeds from the loan will be used to fund project development costs and front-end engineering before the start of full-scale construction in the second half of this year.

Curpic CEO Dennis Bartlett believes that Zone 5, combined with the expansion potential offered by the other deposits within the company’s licence areas, represents “perhaps the most attractive new copper project in the world today, with the potential to ultimately achieve copper production in excess of 120 000 t/m.”

Key Contracts and Suppliers
Not stated.

On Budget and on Time?
All design, engineering and permitting work is progressing well and on schedule.

Contact Details for Project Information
Cupric Canyon Capital, tel +1 480 607 6771 or email ccc@cupriccanyon.com.