Name of the Project
North Island copper/gold project.

Location
Canada.

Project Owner/s
Northisle Copper and Gold.

Project Description
The results from a preliminary economic assessment (PEA) on the North Island project have confirmed it as one of the most attractive copper/gold porphyry projects in Canada.

The PEA is based Northisle’s Red Dog and Hushamu deposits, and has been developed with a focus on processing a target of 600-million tonnes of mineralised material within estimated mineable pit shells.

The operation is expected to produce a high-quality copper concentrate with a significant gold by-product and high-grade molybdenum concentrate.

The PEA proposes a low strip-ratio openpit mining operation, which incorporates a 75 000 t/d concentrator.

Over its 22-year mine life, North Island will produce an average of 177-million pounds a year of copper equivalent over the first six years, including 112-million pounds of copper, 112 000 oz of gold and 2.7-million pounds of molybdenum.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a net present value, at an 8% discount rate of, $1.21-billion and an internal rate of return of 27.7%.

Capital Expenditure
C$1.44-billion.

Planned Start/End Date
Not stated.

Latest Developments
Exploration activities would be reactivated in 2021, with an initial drill programme focusing on three main areas – Red Dog, Pemberton Hills and Hushamu.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Northisle Copper and Gold, tel +1604638 2515 or email info@northisle.ca.