Over the next 12 to 18 months, the Company will be focused on the following activities:
- Completing an NI 43-101 technical report in respect of the Study, which will be filed on SEDAR and on the Company’s website within 45 days of this news release;
- Commencing a Feasibility Study based on this revised development approach with detailed engineering on the Project;
- Continuing engagement and negotiations with Indigenous nations who may be impacted by the Project;
- Completing supplemental geotechnical and hydrogeological site investigation work;
- Progressing and achieving final permitting required to commence Project construction;
- Commencing a pre-construction grade control drilling program;
- Planning for an exploration core drilling program to test for potential extensions of the known mineralization
- Awarding of lump-sum fixed price EPC contracts in respect of various Project construction components;
- Arranging of requisite debt and equity financing to support development activities
Figure 3 - Blackwater Project Proposed Schedule to Construction:
