Community Presentation

Transcription

1 Community Presentation May 2013

2 Agenda 1. Introduction 2. Proposed Mine Plan 3. Reclamation and Closure Plan 4. YESAB assessment 5. Studies Underway 6. Economic Benefits 2

3 Introduction What is Casino Copper and Gold? Casino Copper and Gold is the key project being developed by Western Copper and Gold Corporation Western Copper and Gold is a Vancouver based exploration and development company Western Copper and Gold Corporation is committed to: Safe, ethical and socially responsible development Enhancing benefits to nearby communities and the Territory 3

4 Introduction Project Team Environmental Lead Consulting Firm: Knight Piésold Jesse Duke - Project Director, Community and Government Relations Paul Mitchell-Banks & Janine Bedford - Socio-economic and Community Engagement, AMEC James Mooney - Heritage and Archeology, ECOFOR Mike Setterington - Terrestrial Program, EDI Rick Palmer - Air and Water Program, PECG Feasibility Lead Consulting Firm: M3 Engineering and Development Geotechnical - Knight Piésold Access road - Associated Engineering Power Supply - Berger-ABAM Transforming Resources into Mines

5 History of the Project Introduction History and Location First mineral claims on the property filed as early as 1917 Since that time, there has been significant exploration and development of the project Location of the Property 300 km northwest of Whitehorse, 115 km west of Pelly Crossing Located within traditional territory of Selkirk First Nation Road access will fall within traditional territories of Selkirk and Little Salmon/Carmacks First Nations 5

6 Proposed Mine Plan Mine Plan Planned operation is for 22 years Will employ ~600 people annually Conventional open pit, truck and shovel mine Combined flotation mill and gold heap leach same processes as Minto and Brewery Creek mines The mill will process an average of 125,000 tonnes per day 6

7 Production The mine will produce a copper/gold concentrate, a molybdenum concentrate and gold doré These concentrates will be shipped to overseas smelters to be turned into metals Where is Copper used? Electrical Plumbing Appliances Where are Gold/silver used? Jewelry Coins Electronics Where is Molydenum used? Steel hardener Lubricants High-temperature metal alloys

8 Construction Plan Construction Occurs over four years A total of $2.1 billion in capital costs Requires significant construction labour with 1,000 people employed per year The construction team will: Use best practice design solutions for the construction of each facility Use sound environmental design Adhere strictly to safety standards and regulations 8

9 Site Plan Pit, minesite and tailings all in close proximity All in one drainage basin away from Yukon river Proven conventional technology to manage tailings and waste: Potentially acid generating material flooded Industry standard best practice Mt. Milligan Huckleberry Pit Minesite Tailings

10 Power Plant 144 MW Natural Gas Power Plant Natural Gas sourced as LNG from Ft. Nelson and trucked to site Two gas turbine driven generators with heat recovery boilers Combined cycle configuration results in efficient, low emissions power generation LNG storage facility at the Minesite LNG STORAGE FACILITY IN MOSJØEN, NORWAY 10

11 Freegold Road Extension Access to site is by 132 km extension of the Freegold road Upgrades to the existing Freegold Road Road extension follows the old Casino trail Two lane, gravel road 11

12 Status of Project $35 million spent $8 million budgeted for 2013 Completion of YESAB application key task for 2013 Regular meetings with regulators, YESAB, Yukon Government Departments Continuing meetings with First Nations and communities Measured and conservative plan towards submission of YESAB application Casino Airstrip

13 Schedule Western Copper and Gold has conducted several years of engineering and environmental studies which will continue through 2013 Dates and milestones for the Casino Copper and Gold project include: Time Milestone 2007 Environmental baseline studies initiated 2008 Initial Pre-feasibility study 2010 Pre-feasibility study updated Environmental studies, resource evaluation and Freegold Road Extension assessment 2012 Feasibility study YESAB assessment and permitting 2016 Start of construction 2017 Heap leach operation starts 2019 Mill operation starts 13

14 West Georgia Street Vancouver, BC, Canada V63 4M3 Toll Free: