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Endako Mine

Endako

The Endako Mine is a primary, surface molybdenum mine located near Fraser Lake, 100 miles northwest of Prince George, British Columbia. The mine is operated as a joint venture with Thompson Creek holding a 75% interest and Sojitz Corporation, a Japanese company, holding a 25% interest.

Endako Mine Map


The Endako Mine is a fully integrated facility that began operations in 1965. It includes a concentrator that processes ore through crushing, grinding, and flotation circuits into molybdenum disulfide concentrate, and a multiple-hearth roasting facility that converts the concentrate into technical grade molybdenum oxide.

The Endako Mine consists of three pits; the Endako, Denak West and Denako East. The Endako Pit was the focus of mining activity for many years. In January 2008, mining activity shifted entirely to the Denak West pit and during 2008 the Corporation moved the in-pit crusher from the Endako Pit to an area between the Denak West and Denak East pits and began installing an overland conveyor from that location to the mill. The conveyor commenced transporting ore to the mill in March 2009. Plans call for the creation of a single pit by mining the walls between the three existing pits.

Endako Mine Aerial Map


MILL EXPANSION


In March 2012, the Company completed the mill expansion project at its Endako mine. The Endako mill expansion project included the construction of a new mill, replacing the existing mill constructed in the 1960's. The new mill is designed to meet ore-processing capacity of 55,000 tons per day. Commissioning of the new SAG/Ball mill and rougher flotation circuit was completed in early January, followed by ramp-up to commercial production beginning February 1, 2012. The remaining construction work on the regrind circuit and the pebble crusher was completed in late March. The existing 45-year old mill at the site has been shut down and will be left on care and maintenance.

ENDAKO RESERVE AND RESOURCE INFORMATION¹


The reserve and resource information are as of September 12, 2011. Click here to view the 43-101 technical report dated September 12, 2011

Endako Mine - Mineral Reserves

Category Tons
(millions)
Grade
(%Mo)
Contained Mo
(millions lbs)
Proven Reserves 139.7 0.047 130.8
Probable Reserves 193.4 0.044 173.1
Proven and Probable - Total 331.1 0.046 303.9

Endako Mine - Mineral Resources
(Resources are in addition to the Reserves in the chart above)

Category Tons
(millions)
Grade
(%Mo)
Contained Mo
(millions lbs)
Measured Resources 18.9 0.029 10.9
Indicated Resources 44.3 0.031 27.1
Measured and Indicated - Total 63.2 0.030 38.0
Additional Inferred Resources 54.1 0.035 37.8
1The mineral reserves and resources estimates were prepared by the Endako mine staff and verified by Bob Jedrzejezak, P.Eng., Mine Superintendent of the Endako Mine, who is a Qualified Person under the NI 43-101, and utilized a cut-off grade of 0.018% Mo. The mineral reserves were estimated using a long-term molybdenum price of $13.50 CDN/lb or $12.00 US/lb using an exchange rate of CDN$1.125/US$1.00. The mineral resources evaluation used a cut-off grade of 0.015% molybdenum and pit shells at a molybdenum price of $16.50 CDN/lb or $15.00 US/lb using an exchange rate of CDN$1.10/US$1.00. The mineral reserves and resources estimates for the Endako Mine are based on a 43-101 technical report prepared for Thompson Creek entitled "Technical Report Endako Molybdenum Mine" dated September 12, 2011 and filed on SEDAR on September 12, 2011. Mineral reserves are stated on a 100% basis