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Endako Mine

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Summary

Mine TypeOpen Pit
Study CompletedPreliminary Economic Assessment
StageRestarting
Commodities
  • Molybdenum
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotThe Endako Mine is a past producing mine with flooded open pits, an original mothballed processing facility (the Old Plant), a larger processing facility on care and maintenance since 2015 (the New Plant) and all support infrastructure and facilities in place (also on care and maintenance).

The 2025 Preliminary Economic Assessment (PEA) examines the potential restart of operations at the Endako Mine. The PEA contemplates the restart of open pit mining with potentially economic mineralization processed in the existing on-site processing facilities.

The Endako Mine is in compliance with all necessary permits for its status as an operation on care and maintenance. A restart of mining operations will necessitate the reactivation and refreshing of all necessary water and operating permits. Additionally, an amendment to the existing tailings management facility permit will be required, prior to production.
Latest NewsMoon River Moly Ltd. Announces Filing of Technical Report for the Endako Mine Restart Preliminary Economic Assessment     January 5, 2026

Owners

SourceSource
CompanyInterestOwnership
Moon River Moly Ltd. 25 % Indirect
Centerra Gold Inc. 75 % Indirect
Thompson Creek Metals Company Inc. (operator) 75 % Direct
Centerra Gold Inc. holds 75% interest in the Endako Mine Joint Venture through its wholly owned subsidiary Thompson Creek Metals Company Inc. (formerly Thompson Creek Mining Ltd.). Moon River Moly Ltd. (formerly Moon River Capital Ltd.) owns the remaining 25% interest in the Endako Mine Joint Venture through its wholly owned subsidiary Moon River Molybdenum BC Ltd. (Moon River BC) after its acquisition of Sojitz Moly Resources Inc. in May 2024.

Centerra Gold Inc. is the manager of the Endako Mine Joint Venture with overall management responsibility for operations.

Contractors

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Deposit type

  • Porphyry

Summary:

The Endako deposit is a porphyry Molybdenum deposit. The geometry and geologic occurrence are such that it is sometimes used as an example to define a style of mineralization known as a Endako Style mineralization.

Property Geology
The Endako molybdenite deposit is hosted within the Endako Quartz Monzonite, which is intruded by younger Casey Alaskite toward the north and François Granite toward the south. In the Endako Mine area, Endako Quartz Monzonite has been intruded by aplite, andesite, quartz-feldspar porphyry and porphyritic granite dykes and post-ore basaltic dyke.

The deposit is elongated in a northwest-southeast orientation with a maximum length of 4,800 m and a width of 750 m. The orebody is a series of major en-echelon moly-sulfide veins that strike from north through east across the deposit and dip west to south.

Structural studies that were initiated in 1973 resulted in the creation of the "Endako Vein System" concept. This model is based on the fact that a complex array of structural elements present in the Endako orebody are actually distributed along certain natural axes. When these axes are properly identified, it allows the grouping of the structural elements into natural workable units or systems. Each system, therefore, possesses a definite structural style, and because hydrothermal mineralogy is a function of structure, each system also possesses a characteristic mineralogical style.

Mineralisation And Alteration
At Endako, the mineralisation consists of molybdenite with a gangue of pyrite, magnetite, minor chalcopyrite and rare bornite, bismuthinite, scheelite and specularite. The orebody consists of a series of sub-parallel or en-echelon quartz-molybdenite-pyrite veins and stockwork veins, veinlets and mineralised fractures. The increase in frequency of these veins along a preferred axis form part of the vein system concept.

Mineralisation occurs in milky white to banded or ribboned quartz veins that are often brecciated and healed by quartz and late-stage calcite and minor chalcedony. Molybdenite varies in grain size from very coarse and greasy to microscopic blue-black grains in quartz referred to as "black quartz ore". A pyrite zone lies to the south of, and adjacent to, the orebody with a transitional boundary in the immediate hanging wall of the South Basalt Fault.

Extensive hydrothermal alteration occurs within the Endako ore zone. K-feldspar bearing envelopes develop around quartz-molybdenite veins and barren quartz veins in the footwall of the deposit. Sericite envelopes, consisting of quartz, sericite and pyrite, are developed around quartz-molybdenite and quartz-magnetite veinlets in the orebody, and quartz-pyrite veins in the pyrite zone. Argillic alteration (kaolinization) is pervasive throughout the orebody, ranging from weak to intense.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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EV - Electric

Comminution

Crushers and Mills

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Processing

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Water usage

Parameter2025
Total water 34 M m3/year
Fresh water 13.6 M m3/year
Surface water 2.63 M m3/year
Precipitation water 2.96 M m3/year
Reclaim water 62.2 M m3/year
Groundwater 0.22 M m3/year
Mine dewatering water 0.36 M m3/year

Commodity Production

CommodityProductUnitsAvg. AnnualLOM
Molybdenum Metal in concentrate M lbs 20 *204 *
* According to 2025 Restart study.

Operational metrics

Metrics
Daily ore mining rate  ....  Subscribe
Daily processing rate  ....  Subscribe
Daily processing capacity  ....  Subscribe
Annual mining rate  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing rate  ....  Subscribe
Annual processing capacity  ....  Subscribe
Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2025 Restart study.

Production Costs

CommodityUnitsAverage
Cash costs Molybdenum USD  ....  Subscribe
All-in sustaining costs (AISC) Molybdenum USD  ....  Subscribe
Assumed price Molybdenum USD  ....  Subscribe
* According to 2025 Restart study / presentation.

Operating Costs

CurrencyAverage
OP mining costs ($/t milled) CAD  ....  Subscribe
Processing costs ($/t milled) CAD  ....  Subscribe
G&A ($/t milled) CAD  ....  Subscribe
Total operating costs ($/t milled) CAD  ....  Subscribe
* According to 2025 Restart study.

Project Costs

MetricsUnitsLOM Total
Pre-Production capital costs $M CAD  ......  Subscribe
Sustaining CapEx $M CAD  ......  Subscribe
Working capital $M CAD  ......  Subscribe
Closure costs $M CAD  ......  Subscribe
Total Taxes $M CAD  ......  Subscribe
Net revenue (LOM) $M CAD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M CAD  ......  Subscribe
After-tax Cash Flow (LOM) $M CAD  ......  Subscribe
Pre-tax NPV @ 5% $M CAD  ......  Subscribe
Pre-tax NPV @ 8% $M CAD  ......  Subscribe
After-tax NPV @ 5% $M CAD  ......  Subscribe
After-tax NPV @ 8% $M CAD  ......  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 TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Nov 21, 2025
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Workforce

Total WorkforceYear
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Aerial view:

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