Yellowhead Mining appoints new CEO
TORONTO (miningweekly.com) – British Columbia-focused Yellowhead Mining has appointed Frank Wheatley CEO and director effective July 1, when he will take over from acting CEO and chairperson Greg Hawkins.
Wheatley is a senior mining executive and legal counsel, with 28 years of business, financial and legal experience with Canadian public mining companies exploring, developing, permitting, financing and operating gold, silver, copper and lithium mines on several continents.
Wheatley was most recently executive director for corporate affairs and strategy with Western Australia-based lithium producer Talison Lithium, until its acquisition by Chengdu Tianqi Industry Group in March. Wheatley is also a member of the boards of Teranga Gold Corp and Selwyn Resources.
"Yellowhead is fortunate to have engaged Wheatley as our new CEO. He has the corporate skills and experience, along with the aptitude and attitude, required in today's market. The Yellowhead team looks forward to building the company through the next stages of the development of the Harper Creek project,” Hawkins said.
The Harper Creek project’s feasibility study was released in March 2012, outlining a capital expenditure of $840-million.
Using a cutoff grade of 0.20% copper, the feasibility study was based on a measured and indicated resource of 815-million tons grading 0.29% copper, 0.03 g/t gold and 1.3 g/t silver. Mine life is estimated at 28 years, with a milling rate of 70 000 t/d. Total life-of-mine production is estimated at 3.63-billion pounds copper, just over 372 000 oz gold and 14.73-million ounces silver.
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