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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:

Blackwater Project Proposed Schedule