Mining Intelligence and News
Canada

Record Ridge Project

Click for more information

Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Magnesium
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotRecord Ridge is a world-class advanced-stage project with robust economics based on Pre-Feasibility Study for Record Ridge Magnesia Production Plant.

While adhering to the established permit process, the Company initiated a formal “request for proposal” process, resulting in the reception of multiple proposals from certified groundworks and construction contractors with expertise in mine site development and on-site road construction. The Company is currently in the process of finalizing the selection of a successful contractor for the Project. Once a mining permit is granted, the Company plans to expedite mine site development at the Record Ridge Property, initiating ore mining to fulfill terms of previously agreed-upon contracts and to generate cash flow.

Owners

SourceSource
CompanyInterestOwnership
West High Yield Resources Ltd. 100 % Direct
100% owned by West High Yield Resources Ltd.

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

Lock

- subscription is required.

Mining Methods

Lock

- subscription is required.

Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

Lock

- subscription is required.

Production

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

Operational metrics

Metrics
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

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNamePhoneEmailProfileRef. Date
....................... Subscription required ....................... Subscription required ........... Subscription required ........... Subscription required Subscription required Dec 28, 2023

Lock

- subscription is required.