Name of the Project
Troilus copper/gold project.

Location
Frôtet-Evans greenstone belt in north-central Quebec, Canada.

Project Owner/s
Canadian project developer Troilus Gold Corp.

Project Description
The Troilus project comprises four main zones of mineralisation, located on a north-east/south-west trend covering covering about 7 km.

These deposits will be mined using conventional openpit mining methods over a 22-year period. Ore will be processed in a flotation mill to produce gold-rich copper concentrate for sale to a smelter, with provision for gravity gold recovery to produce doré after Year 1.

Life-of-mine (LoM) average payable gold production is estimated at 244 600 oz/y, 17.3-million pounds a year of copper and 446 700 oz/y of silver.

Peak payable gold production is estimated at 456 100 oz/y,  31.8-million pounds of copper and 613 600 oz of silver in Year 7.

Total LoM total payable gold is estimated at 5.4-million ounces, 382-million pounds of copper and 9.9-million ounces of silver.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of $1.56-billion and an internal rate of return of 18.1%, with an after-tax payback of  5.7 years.

Capital Expenditure
Initial capital expenditure is estimated at $1.07-billion.

Planned Start/End Date
Not stated.

Latest Developments
Troilus Gold continues to make strides in its financing efforts for the development of the project, with the announcement of a letter of intent (LoI) from Export Development Canada (EDC) for up to $300-million.

The new LoI from EDC builds upon the earlier LoIs announced with key European export credit agencies. Together, these LoIs represent up to $1.3-billion in potential financing.

In terms of the latest LoI, EDC is ready to consider providing up to $300-million in debt financing for the Troilus project, contingent upon a successful due diligence process that will assess economic, technical, environmental and social factors.

Key Contracts, Suppliers and Consultants
Not disclosed.

Contact Details for Project Information
Troilus Gold Corp, tel +1 647 276 0050 or email  info@troilusgold.com.