Name of the Project
Red Mountain underground gold project.

Location
The project is located about 18 km north-east of the District of Stewart, in the Nass Wildlife Area, of British Columbia, in Canada.

Client
IDM Mining.

Project Description
IDM has proposed the construction of 147.2 ha underground gold and silver mine. The mine is expected to extract an estimated 1 000 t/d of ore, with a net production of 365 000 t/y, during the mine’s six-year operational life.

Envisaged is a year-round, high-grade underground gold/silver operation using bulk mining methods, primarily long-hole stoping.

Mineralised material will be trucked to a mill located within the adjacent Bitter Creek valley, producing gold/silver doré bars.

Tailings will be stored within a lined storage facility, with water treated prior to discharge.

Potential Job Creation
The project is expected to expected to create 103 direct full-time equivalent local jobs, with an additional 72 direct jobs generated in British Columbia.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
The project is expected to take 18 months to complete.

Latest Developments
An environmental assessment certificate has been issued for the project. This decision concludes a process started in 2016 and provides a defined set of conditions and commitments that will allow for the commercial development and operation of the project.

The company is now focused on completion of the requisite operations permitting and final stage of the Canadian Environmental Assessment process.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
IDM Mining investor relations Vanessa Pickering, tel +1 604 681 5672 or email vp@idmmining.com.