Mining Intelligence and News
Canada

Victoria Project

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Summary

Mine TypeUnderground
StageConstruction
Commodities
  • Copper
  • Nickel
  • Gold
  • Silver
  • Cobalt
  • Platinum
  • Palladium
Mining Method
  • Mechanized Cut & Fill
Backfill type ... Lock
Mine Life... Lock
SnapshotThe Victoria project involves the construction of an copper and nickel mine, currently in the pre-operational phase. The main ore type is copper-nickel, with associated metals including gold, platinum and palladium. End product is copper, nickel and precious metals ore.

Base scenario assumes a two-stage development: first, sinking an initial shaft with additional exploration; second, construction of a production shaft.

Work is ongoing, including sinking the exploration shaft as part of the Advanced Exploration phase to define the grade of the mineral resources. The plan includes two shafts to access the deposit, a production shaft and a ventilation shaft.

By Q4 2024, shaft excavation had reached around 760 meters, with underground stations completed at the 300L and 600L levels. Surface work included drainage systems, a mine water reservoir, workshop, warehouse construction, and preparation for a second waste rock dump. Engineering and stakeholder engagement also progressed.

Owners

SourceSource
CompanyInterestOwnership
KGHM Polska Miedz S.A. 100 % Indirect

Deposit type

  • Footwall hosted
  • Breccia pipe / Stockwork

Summary:

The Victoria property is situated at the junction of the SIC and the Worthington quartz diorite Offset Dyke, approximately 6.5 km northeast of Totten property. Other mineralized locations are known along the Worthington Offset between the Victoria property and the Totten Deposit. Two of these, the adjacent McIntyre deposit and the AER/Kidd Copper property, located 3 km further southwest from the Victoria property, were the objects of small mining operations.

Within the property, both the footwall contact of the SIC and the Worthington Offset Dyke dip steeply. Both intrude sheared and metamorphosed mafic volcanic and sedimentary rocks of the Stobie Formation. Zones of Sudbury Breccia occur throughout the property as discontinuous lenses. Late quartz diabase and olivine diabase dykes cross-cut all lithologies. Two dominant structural shear directions, one set trending northwest-southeast and the other trending northeast-southwest, have been defined and these control the distribution of mineralization on the property.

The Cu-Ni-PGM sulphide mineralization at the Victoria property is characterized by a complex assemblage of irregular lenses of chalcopyrite, pentlandite and pyrrhotite. The lenses dip and plunge steeply and are typically pipe-like. The complex structural features of the property have caused remobilization of the sulphides and control the lateral extent and dimensions of the mineralization.

Numerous zones of Cu-Ni-PGM mineralization are present on the Victoria property and four of these, the No. 4 Zone; West Zone; No. 1 West and No. 2 West Zones, have been mined. In addition to the above, there are several other known mineralized zones on the property which have not been the focus of historical production. These include the Far West Zone, the East Zone, the Dyke Zone, and the newly discovered Powerline Zone.

Reserves

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Mining Methods

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Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnitsAvg. AnnualLOM
Copper kt 18266
Nickel kt 15218
All production numbers are expressed as metal in concentrate.

Operational metrics

Metrics
Daily ore mining rate 3,500 t *
Daily mining capacity 5,500 t *
* According to 2019 study.

Production Costs

CommodityUnitsAverage
Assumed price Nickel USD  ....  Subscribe
Assumed price Copper USD  ....  Subscribe
* According to 2024 study / presentation.

Project Costs

MetricsUnitsLOM Total
Total CapEx $M USD  ......  Subscribe
Operating margin, %  ......  Subscribe

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required May 29, 2025
....................... Subscription required ....................... Subscription required Subscription required May 29, 2025
....................... Subscription required ....................... Subscription required Subscription required May 23, 2025
....................... Subscription required ....................... Subscription required Subscription required May 23, 2025

Workforce

EmployeesYear
...... Subscription required 2019

Aerial view:

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