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Canada
Shakespeare Project

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 Location:
10 km NW from Espanola, Ontario, Canada

  Project Contacts:
1300 Kelly Lake Road
Sudbury
Ontario, Canada
P3E 5P4
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  • Overview
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  • Geology
  • Mining
  • Processing
  • Production
  • Reserves
  • Costs & Financials
  • Fleet
  • Personnel
  • Filings & News

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Overview

StagePermitting
Mine TypeOpen Pit
Commodities
  • Nickel
  • Copper
  • Cobalt
  • Gold
  • Platinum
  • Palladium
Mining Method
  • Truck & Shovel / Loader
Mine Life7.1 years (as of Jan 1, 2022)


Owners

Source: p. 55
CompanyInterestOwnership
Magna Mining Inc, 100 % Direct
The Shakespeare project is currently comprised of 29 patented claims, 3 leased claims and 787 mining claims within Dunlop, Porter, Shakespeare, Hyman, and Baldwin Townships, and covers an area of 18,178 ha. Magna currently has a 100% interest in most of the Shakespeare project with 83.9% ownership of a joint venture on certain claims, leases, and patents surrounding the Shakespeare Project.

Contractors

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Deposit Type

  • Intrusion related


Summary:

The Shakespeare copper-nickel deposit is hosted within gabbroic rocks (Shakespeare Intrusion) of the Nipissing Intrusive Suites situated along the north contact between the mafic intrusive body which crosses the Property and quartzites of the Mississagi Formation.

The Shakespeare intrusion hosts semi-massive to disseminated sulfides (Sproule et al. 2007). Sulfides, including pyrrhotite, chalcopyrite, and lesser pyrite, are present throughout the intrusion in varying proportions, mostly in trace amounts. Significant accumulations are present as:
- disseminated pyrrhotite and chalcopyrite blebs at the melagabbro/gabbro contact, usually ~1 mm in size, typically comprising <1% of the rock;
- heavily disseminated to patchy net-textured (10-15%) pyrrhotite, chalcopyrite, pentlandite, and gersdorfite in rounded blebsthat reach up to 2-5 cm in size, in the upperzone of the melagabbro;
- blebby pyrrhotite and chalcopyrite in the lowersections of the melagabbro and the base of the quartz gabbro.

The sulfides have experienced variable degrees of recrystallization during metamorphism. They vary from pristine magmatic blebs, to recrystallized blebs, to stringers, the latter of which tend to be richer in chalcopyrite.

Where the mineralization is proximal to shear zones that cross-cut the deposit, the sulphides can be sheared and attenuated. These sheared sulphides, together with the patchy-network textured mineralization, create an inter ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

The Shakespeare mine is planned as an open pit only operation using conventional mining equipment. Open pit mining will be completed with an owner operated fleet.

The pits are built with 10 m bench heights with 8.5 to 10.5 m wide safety berms spaced 20 m apart vertically. Inter-ramp angles are 55 degrees, but the overall angles vary from 44 to 55 degrees depending upon the wall orientation and ramp placement. Ramps are at maximum 10% gradient and vary in width from 15 m (single lane width) to 24 m (double lane width). They have been designed for 91 t haulage trucks.

The mine plan consists of 11.87 Mt of mill feed grading 0.33% nickel, 0.35% copper, 0.02% cobalt, 0.32 g/t platinum, 0.36 g/t palladium and 0.18 g/t gold over a mine life of 7.1 years plus a year of pre-stripping. Open pit waste tonnage totals 59.12 Mt and will be placed into the Co-disposal area (CDA) with tailings. The overall open pit strip ratio is 4.98:1. The mine schedule feeds the process plant at a rate up to a maximum of 1.62 Mtpa.

The current mine life includes one year of pre-stripping followed by 7.1 years of mining. A small quantity of mill feed, 0.32 Mt is sent in Year -1 for commissioning of the mill. The mining starts with pre-stripping in Year -1 and continues uninterrupted until Year 8 at which time the stockpile is fully removed.

Equipment sizing for ramps and working benches is based on the use of 91 tonne rigid frame haul trucks. Ramps are a ........


Crushing and Grinding
Source: Subscription required

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Processing

Flow Sheet: Subscription required

Summary:

- subscription is required.


Projected Production:

CommodityProductUnitsLOM
Nickel Metal in concentrate kt 30
Nickel Concentrate kt 322
Copper Metal in concentrate M lbs  ......  Subscription required
Copper Concentrate kt  ......  Subscription required
Cobalt Metal in concentrate M lbs  ......  Subscription required
Gold Metal in concentrate koz  ......  Subscription required
Platinum Metal in concentrate koz  ......  Subscription required
Palladium Metal in concentrate koz  ......  Subscription required

Operational Metrics:

Metrics
Stripping / waste ratio  ......  Subscription required
Waste tonnes, LOM  ......  Subscription required
Ore tonnes mined, LOM  ......  Subscription required
Total tonnes mined, LOM  ......  Subscription required
Daily processing capacity  ......  Subscription required
Tonnes processed, LOM  ......  Subscription required
Annual processing rate  ......  Subscription required
Annual ore mining rate  ......  Subscription required
* According to 2022 study.
Subscription required - Subscription is required.

Reserves at January 28, 2022:
The Mineral Reserves cut-off grade used was 0.23% nickel.
The current Mineral Resources are reported at a cut-off grade of 0.2% NiEq within a conceptual pit shell and underground Mineral Resources are reported at a cut-off grade of 0.4% NiEq below the conceptual pit shell.

CategoryOreTypeTonnage CommodityGrade
Probable In-Situ (OP) 11.87 Mt Nickel 0.33 %
Probable In-Situ (OP) 11.87 Mt Copper 0.35 %
Probable In-Situ (OP) 11.87 Mt Cobalt 0.02 %
Probable In-Situ (OP) 11.87 Mt Gold 0.18 g/t
Probable In-Situ (OP) 11.87 Mt Platinum 0.32 g/t
Probable In-Situ (OP) 11.87 Mt Palladium 0.36 g/t
Indicated In-Situ (OP) 16,508,000 t Nickel 0.34 %
Indicated In-Situ (UG) 3,832,000 t Nickel 0.31 %
Indicated In-Situ (OP) 16,508,000 t Copper 0.36 %
Indicated In-Situ (UG) 3,832,000 t Copper 0.36 %
Indicated In-Situ (OP) 16,508,000 t Cobalt 0.02 %
Indicated In-Situ (UG) 3,832,000 t Cobalt 0.02 %
Indicated In-Situ (OP) 16,508,000 t Gold 0.19 g/t
Indicated In-Situ (UG) 3,832,000 t Gold 0.19 g/t
Indicated In-Situ (OP) 16,508,000 t Platinum 0.33 g/t
Indicated In-Situ (UG) 3,832,000 t Platinum 0.3 g/t
Indicated In-Situ (OP) 16,508,000 t Palladium 0.36 g/t
Indicated In-Situ (UG) 3,832,000 t Palladium 0.32 g/t
Indicated In-Situ (OP) 16,508,000 t Nickel Equivalent 0.56 %
Indicated In-Situ (UG) 3,832,000 t Nickel Equivalent 0.53 %
Inferred In-Situ (UG) 2,355,000 t Nickel 0.33 %
Inferred In-Situ (UG) 2,355,000 t Copper 0.4 %
Inferred In-Situ (UG) 2,355,000 t Cobalt 0.02 %
Inferred In-Situ (UG) 2,355,000 t Gold 0.2 g/t
Inferred In-Situ (UG) 2,355,000 t Platinum 0.34 g/t
Inferred In-Situ (UG) 2,355,000 t Palladium 0.37 g/t
Inferred In-Situ (UG) 2,355,000 t Nickel Equivalent 0.57 %

Commodity Production Costs:

CommodityUnitsAverage
Cash costs Nickel USD  ......  Subscription required&nbs
Cash costs Nickel USD  ......  Subscription required *†
All-in sustaining costs (AISC) Nickel USD  ......  Subscription required&nbs
All-in sustaining costs (AISC) Nickel USD  ......  Subscription required *†
Assumed price Palladium USD  ......  Subscription required&nbs
Assumed price Platinum USD  ......  Subscription required&nbs
Assumed price Cobalt USD  ......  Subscription required&nbs
Assumed price Nickel USD  ......  Subscription required&nbs
Assumed price Copper USD  ......  Subscription required&nbs
Assumed price Gold USD  ......  Subscription required&nbs
* According to 2022 study / presentation.
† Net of By-Product.
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Operating Costs:

Units2022
OP mining costs ($/t mined) USD 3.98 *
OP mining costs ($/t milled) USD  ......  Subscription required
Processing costs ($/t milled) USD  ......  Subscription required
G&A ($/t milled) USD  ......  Subscription required
Total operating costs ($/t milled) USD  ......  Subscription required
* According to 2022 study.
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2022 Study Costs and Valuation Metrics :

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscription required
Sustaining CapEx $M USD  ......  Subscription required
Total CapEx $M USD  ......  Subscription required
OP OpEx $M USD  ......  Subscription required
Processing OpEx $M USD 179.7
Refining and transportation $M USD  ......  Subscription required
G&A costs $M USD 35.3
Total OpEx $M USD  ......  Subscription required
Mining Taxes $M USD  ......  Subscription required
Income Taxes $M USD  ......  Subscription required
Total Taxes $M USD  ......  Subscription required
Royalty payments $M USD  ......  Subscription required
Net revenue (LOM) $M USD  ......  Subscription required
Pre-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
Pre-tax NPV @ 5% $M USD  ......  Subscription required
Pre-tax NPV @ 8% $M USD  ......  Subscription required
After-tax NPV @ 5% $M USD  ......  Subscription required
After-tax NPV @ 8% $M USD  ......  Subscription required
Pre-tax IRR, %  ......  Subscription required
After-tax IRR, %  ......  Subscription required
Pre-tax payback period, years  ......  Subscription required
After-tax payback period, years  ......  Subscription required
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Proposed Heavy Mobile Equipment as of January 31, 2022:
HME TypeSizeQuantity
Dozer 264 kW
....................... Subscription required ....................... Subscription required ....................... Subscription required
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Subscription required - Subscription is required.

Mine Management:

Job TitleNamePhoneProfileRef. Date
....................... Subscription required ....................... Subscription required ....................... Subscription required Subscription required Sep 28, 2022
....................... Subscription required ....................... Subscription required Subscription required Jan 31, 2022
....................... Subscription required ....................... Subscription required Subscription required Jan 31, 2022
....................... Subscription required ....................... Subscription required Subscription required Sep 28, 2022
Subscription required - Subscription is required.

Staff:

Total WorkforceYear
Subscription required 2022

Corporate Filings & Presentations:

DocumentYear
Corporate Presentation 2022
Feasibility Study Report 2022
Press Release 2022
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