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Canada

Record Ridge Project

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Record Ridge Project

Location: 14 km SW from Trail, British Columbia, Canada

Project Contacts:


P.O Box 68121
Calgary
Alberta, Canada
T3G 3N8

Contacts:

Additional Resources for Suppliers & Investors

Categories

Summary

Mine TypeOpen Pit
Study CompletedPrefeasibility
StagePermitting
Commodities
  • Magnesium
Mining Method
  • Truck & Shovel / Loader
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Mine Life... Lock
SnapshotRecord Ridge is a premier advanced-stage project with strong economic potential, supported by a Pre-Feasibility Study for the Record Ridge Magnesia Production Plant.

It features a proprietary process that produces high-purity (>99%) MgO and Mg(OH)2 with valuable nickel and silica byproducts. The project is designed to utilize a sustainable, waste-free process with minimal to no emissions.

In August 2024, the British Columbia Environmental Assessment Office (EAO) ruled that the project requires a full environmental assessment due to its planned production capacity. In response, WHY Resources proposed reducing output to 63,500 tonnes annually to avoid the requirement, a move criticized by local groups.

As of November 2024, discussions between the company, regulators, and community stakeholders continue to address environmental concerns.

Owners

SourceSource
CompanyInterestOwnership
West High Yield Resources Ltd. 100 % Direct
The West High Yield Resources owns 100% of the mineral rights to the Record Ridge Property.
SourceSource

Deposit type

  • Magmatic

Summary:

The Record Ridge area is located within the Quesnel Terrain of the Intermontane Belt. It is comprised of a highly deformed Jurassic (180 Ma) age volcanic island arc-back arc basin complex intruded by Tertiary volcanic and plutonic rocks.

Mineralization containing economically significant concentrations of Mg is known to occur in the ultramafic rocks which have undergone serpentinization. This rock type makes up the predominant lithology described at the Project, and occurs widespread. Lower concentrations of Mg within the serpentinite are present in dioritic intrusive rocks and lenses of andesite/gabbro.

Reserves

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Mining Methods

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Heavy Mobile Equipment

Fleet data has not been reported.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityUnitsAvg. AnnualLOM
Magnesium t 86,5001,728,800
All production numbers are expressed as oxide.

Operational metrics

Metrics
Hourly processing capacity  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
* According to 2022 study.

Production Costs

CommodityUnitsAverage
Cash costs Magnesia USD  ....  Subscribe
Assumed price Magnesia USD  ....  Subscribe
* According to 2022 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Total OpEx $M USD  ......  Subscribe
Income Taxes $M USD  ......  Subscribe
Gross revenue (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
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
Pre-tax payback period, years  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Personnel

Mine Management

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 27, 2024
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Jan 30, 2025

Workforce

Aerial view:

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