Canada

Courageous Lake Project

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Categories

Overview

Mine TypeOpen Pit
StagePre-Feasibility
Commodities
  • Gold
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
ShapshotThe Courageous Lake is one of Canada largest undeveloped projects by gold resources.

The Courageous Lake Project includes two deposits: the Courageous Lake deposit, and the Walsh Lake deposit. Only the Courageous Lake deposit is used in the 2024 PFS.

2024 PEA demonstrating the potential to extend 2024 PFS mine life by an additional 15.9 years averaging over 200k ounces of gold production per year.
Related AssetCourageous Lake Expansion Project

Owners

SourceSource
CompanyInterestOwnership
Seabridge Gold Inc. 100 % Indirect
Courageous Lake project is 100%-owned by Seabridge Gold Inc.

Seabridge assigned its right to its wholly owned subsidiary, Seabridge Gold (NWT) Inc.

Contractors

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Deposit type

  • Epithermal
  • Vein / narrow vein

Summary:

The Courageous Lake Project includes two deposits: the Courageous Lake deposit, and the Walsh Lake deposit. Only the Courageous Lake deposit is used in the 2024 PFS.

Deposit Types
The Courageous Lake deposit is a stratiform series of near-vertical, elongate lenticular mineralized domains hosted in Archean tuffaceous clastic rocks and ash-flow tuff. Gold mineralization is interpreted to be a product of an episodic, epithermal-like, submarine and subaerial, hydrothermal system.

Mineralization
Since its discovery, several common points have been used to describe the felsic ash tuff (FAT) deposit, including:
• A series of gold zones concentrated in long and narrow bands.
• The deposit is hosted by metasedimentary and metavolcanic rocks.
• Gold concentrations are associated with the introduction of silica, muscovite, and sulphide minerals.

The FAT deposit is located between the north shore of Matthews Lake and the south shore of Courageous Lake. It is made up of at least 13 discrete, steep east-dipping, elongate lenticular zones that vary in thickness from 20 to 125-m-wide. The continuity of these 13 zones has been demonstrated to be at least 1,900 m long, 800 m-wide and, although open at depth, at least 1200 m deep.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

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Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Gold Payable metal koz 2012,536
Gold Metal in doré koz 2132,541

Operational metrics

Metrics
Daily ore mining rate  ....  Subscribe
Hourly processing capacity  ....  Subscribe
Daily processing capacity  ....  Subscribe
Annual processing capacity  ....  Subscribe
Annual processing rate  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Total cash costs Gold USD  ....  Subscribe
All-in sustaining costs (AISC) Gold USD  ....  Subscribe
Assumed price Gold USD  ....  Subscribe
* According to 2024 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Closure costs $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Processing OpEx $M USD 911
Refining and transportation $M USD  ......  Subscribe
G&A costs $M USD 267
Total OpEx $M USD  ......  Subscribe
Income Taxes $M USD  ......  Subscribe
Royalty payments $M USD  ......  Subscribe
Gross revenue (LOM) $M USD  ......  Subscribe
EBITDA (LOM) $M USD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
Pre-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 5% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

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AV - Autonomous

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jan 5, 2024
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EmployeesYear
...... Subscription required 2024

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