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Turkiye
Kirazli Project

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 Location:
30 km SW from Çanakkale, Turkiye

  Project Contacts:
4. Cad. Yildizevler Mah. No: 10/1 Çankaya
Ankara
Turkiye
06550
Phone  ...  Subscription required
Fax+90-312-438-50-05
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Overview

StatusTemporary Suspension
Mine TypeOpen Pit
Commodities
  • Gold
  • Silver
Mining Method
  • Truck & Shovel / Loader
Mine Life5 years (as of Jan 1, 2017)
On October 14, 2019, the Company suspended all construction activities on its Kirazli project following the Turkish government's failure to grant a routine renewal of the Company’s mining licenses, despite the Company having met all legal and regulatory requirements for their renewal.


Owners

Source: p. 21
CompanyInterestOwnership
Alamos Gold Inc. 100 % Indirect
Mineral rights for the concessions comprising Kirazli are controlled by Dogu Biga, a Turkish subsidiary of the Alamos Gold Inc.

Contractors

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Deposit Type

  • Epithermal
  • Breccia pipe / Stockwork


Summary:

The principal model for gold mineralization at the Kirazli Gold Property is a high-sulphidation, epithermal gold deposit. Examples of this kind of deposit in the world are Yanacocha, Pierina and Alto Chicama in Peru. Most high-sulphidation deposits are large, low-grade bulk-tonnage systems (Yanacocha), though vein-hosted high-sulphidation deposits also occur (El Indio).

At Kirazli, gold mineralization is hosted within heterolithic phreatomagmatic/phreatic breccia bodies cutting through Miocene-age andesitic tuffs. Mineralization can generally be subdivided into two main types:

- A regional low-grade gold zone that underlies much of Kirazli, broadly enveloping the high-grade gold zones. This low-grade mineralization occurs both above and below the redox horizon. The widespread, low-grade mineralization is interpreted to be early and may be associated with the broad epithermal alteration that resulted in the chalcedonic silica (the second silica event);

- Four elongate bodies of high-grade gold mineralization occur in the advanced argillic zone overlapping slightly the bottom of the 1 km-long silica cap and the silica roots. High-grade gold mineralization also shows a strong spatial relationship with the margins of heterolithic breccia bodies. These bodies transect the redox boundaries. The subhorizontal section below the silica cap is in oxide or sometimes in transition zone while the bottom of the vertical section associated with the silica r ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

The Kirazli deposit will be mined by conventional open pit hard rock mining methods. Alamos Gold plans to utilize a contract mining company to move the ore and waste from the pit. The Mineral Reserve is the total of the Proven and Probable material that is planned for processing within the mine plan. Oxide and transition ore at Kirazli will be crushed, agglomerated, conveyed and stacked on to a heap leach pad where it will be cyanide leached for the recovery of gold and silver.

During pre-production, waste will be mined to construct the heap leach facility (KHLF) foundation. Any ore incurred during pre-production will be stockpiled and re-handled to the crusher once the facilities are ready for ore processing. After a six month ramp-up period, the mine is expected to produce ore at a rate of 15,000 t/d (5.25 Mt/a) for five years. Waste produced over the mine life will be used for construction of the KHLF foundation, backfilled into the pits once mining is complete or sent to the waste rock storage facility.

Pit Phase Designs
The Kirazli pit phase designs are laid out to mine the lowest cost gold ounces with the initial phases and progress into subsequent phases containing higher cost gold ounces until the ultimate pit limits are reached. Multiple floating cones were run at “revenue factors” between 0.5 and 1.0 of the design base metal prices: $1,250/oz gold and $18.00/oz silver. Lower metal prices result in smaller cone shells of higher value and ........


Crushing and Grinding
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Processing

Flow Sheet: Subscription required

Summary:

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Projected Production:

CommodityUnitsAvg. AnnualLOM
Gold koz 104540
Silver koz  ......  Subscription required  ......  Subscription required
All production numbers are expressed as metal in doré.

Operational Metrics:

Metrics
Stripping / waste ratio 1.45 *
Daily ore mining rate 15,000 t *
Waste tonnes, LOM 37,886 kt *
Ore tonnes mined, LOM 26,104 kt *
Total tonnes mined, LOM 63,990 kt *
Daily processing capacity 15,000 t *
Daily processing rate 14,400 t *
Annual ore mining rate 5,252 kt *
* According to 2017 study.

Reserves at December 31, 2021:
Mineral Resources Cut-off - 0.2 g/t Au.

CategoryTonnage CommodityGradeContained Metal
Proven 670 kt Gold 1.15 g/t 25 koz
Proven 670 kt Silver 16.94 g/t 365 koz
Probable 33,191 kt Gold 0.68 g/t 727 koz
Probable 33,191 kt Silver 9.27 g/t 9,892 koz
Proven & Probable 33,861 kt Gold 0.69 g/t 752 koz
Proven & Probable 33,861 kt Silver 9.42 g/t 10,257 koz
Indicated 3,056 kt Gold 0.42 g/t 42 koz
Indicated 3,056 kt Silver 2.71 g/t 266 koz
Inferred 7,694 kt Gold 0.61 g/t 152 koz
Inferred 7,694 kt Silver 8.71 g/t 2,155 koz

Commodity Production Costs:

CommodityUnitsAverage
Total cash costs Gold USD 339 / oz *†  
All-in sustaining costs (AISC) Gold USD 373 / oz *†  
Assumed price Silver USD 16 / oz *  
Assumed price Gold USD 1,250 / oz *  
* According to 2017 study / presentation.
† Net of By-Product.

Operating Costs:

Units2017
OP mining costs ($/t mined) USD 1.53 *
OP mining costs ($/t milled) USD  ......  Subscription required
Processing costs ($/t milled) USD  ......  Subscription required
Total operating costs ($/t milled) USD  ......  Subscription required
* According to 2017 study.
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2017 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 90.5
Refining and transportation $M USD  ......  Subscription required
G&A costs $M USD 43.9
Total OpEx $M USD  ......  Subscription required
Income Taxes $M USD  ......  Subscription required
Royalty payments $M USD  ......  Subscription required
Net revenue (LOM) $M USD  ......  Subscription required
After-tax Cash Flow (LOM) $M USD  ......  Subscription required
After-tax NPV @ 5% $M USD  ......  Subscription required
After-tax NPV @ 10% $M USD  ......  Subscription required
After-tax NPV @ 8% $M USD  ......  Subscription required
After-tax IRR, %  ......  Subscription required
After-tax payback period, years  ......  Subscription required
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Heavy Mobile Equipment:

Mine Management:

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Jul 18, 2022
....................... Subscription required ....................... Subscription required Subscription required Jul 18, 2022
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Corporate Filings & Presentations:

DocumentYear
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2021
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2020
................................... Subscription required 2019
................................... Subscription required 2019
................................... Subscription required 2019
Management Discussion & Analysis 2018
Year-end Mineral Reserves 2018
Feasibility Study Report 2017
Year-end Mineral Reserves 2017
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