Ajax is an alkalic copper-gold porphyry deposit hosted within the Iron Mask Batholith. Mineralization extends to depths exceeding 700 m, widths exceeding 1,000 m, and has a strike length that exceeds 2,000 m. The mineralization in the project area is associated with structural corridors of highly fractured and albite-altered sections of Sugarloaf Diorite (SLD) and Sugarloaf Volcanic Hybrid (SVHYB) units.

The Iron Mask Batholith is host to more than 20 known mineral deposits and occurrences. Copper-gold mineralization within the Iron Mask Batholith is associated with the younger intrusive phases of CHMZ and SLD. Mineralization is generally localized along major fault zones, at the contacts with the older PHD and IMH units and associated with albite and potassium feldspar alteration.

The mineralization in the project area is associated with structural corridors of highly fractured sections of SLD and SVHYB phases of the Iron Mask Batholith. Chalcopyrite is the dominant copper mineral and occurs as veins, veinlets, fracture fillings, disseminations and isolated blebs in the host rock. Concentrations of chalcopyrite rarely exceed 5%. Accessory sulphide minerals include pyrite and molybdenite.

Copper mineralization in the Ajax area consists predominantly of chalcopyrite and is hosted primarily in the SLD and SVHYB units. This mineralization appears to have greater concentration within the Sugarloaf units near the contact with IMH. Some mineraliz ........

The proposed mine plan envisages a conventional open pit operation producing 65,000 t/d of ore to the processing facility. The pit has been designed to be developed in seven phases. The ultimate pit will be approximately 2.7 km in an east-west direction and approximately 1.3 km in a north-south direction.

Two stockpiles will be utilized to maximize the discounted cash flow of the project. A mid-grade stockpile and a low-grade stockpile will be constructed to store lower grade ore and will be reclaimed and processed later in the mine life.

A conventional truck and shovel fleet will be used to mine 15 m benches. Drilling and blasting will be required. Horizontal drains are proposed as the primary means to depressurize the pit slope. In-pit water will be removed by way of ditches, pipes, sumps, pumps, and booster pumps.

Four mine rock storage facilities (MRSFs) for waste rock are planned for the Ajax Site. The east mine rock storage facility (EMRSF) will be constructed east of the ultimate pit. Similarly the south mine rock storage facility (SMRSF), will be located south of the ultimate pit. The tailings embankment will be constructed in two parts using run-of-mine rock, the north and east sections. A north extension and buttress for the main tailings embankment called the west mine rock storage facility (WMRSF) will be constructed to increase storage capacity, reduce haul costs, and to increase the stability of the TSF Embankment. A backfill s ........

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