Regional Map showing the Prairie Creek Mine, surrounded by, but excluded from, the Nahanni National Park Reserve
The Prairie Creek Mine (the Mine) is located in traditional Dene territory in Canada’s Northwest Territories. A Feasibility Study was completed on the Mine in September 2017 with robust economics. The Prairie Creek Project consists of the Mine and surrounding land and access.
Based on the reserves of the 2017 Feasibility Study, Prairie Creek will have a 15-year mine life with average annual metal contained in concentrate of 105 million lbs. lead, 95 million lbs zinc and 2.1 million oz. silver for the first 10 years, and average annual EBITDA of $110 million over the same period.
In addition to the 8 million tonnes of reserves extending over a strike length of 1.2 km and 400m vertically, the project has 7 million tonnes of inferred resources extending over a total strike length of 1.2 kilometres with potential to extend the mine life significantly beyond 15 years.