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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

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Magnesium
Mining Method
  • Truck & Shovel / Loader
Project Timeline... Lock
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.

On Sept 4, 2024, the West High Yield Resources (W.H.Y.) provided the British Columbia Mining Development Review Committee (MDRC) an outline of the Amended Permit Application, which includes a reduction in the proposed tonnage.

The updated approach presented involved reducing the Project's annual tonnage to 63,500t to remain below 15% of the 75,000t annual threshold set by the EAO for reviewable projects for a mineral mine.

On Oct 10, 2024, the W.H.Y. received updated permit timelines from the EMLI. The process is on track for a potential permit issuance by early Dec, 2024.

Once the Permit is received, the W.H.Y. plans to initiate the Project development and operation, while also evaluating options for expansion beyond current thresholds, amending the Permit as applicable, and reassessing EAO requirements accordingly.

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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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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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

Heavy Mobile Equipment

Fleet data has not been reported.

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 Nov 27, 2024

Aerial view:

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