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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: What happens if Teck doesn't accept the FS as bankable?
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That is a different issue

We have met the BFS standard per agreement

We have earned the Liard interest

We do not have to do anything else to gain the full interest

Teck has to decide what they want to do

But we do not have to satisfy a 12% NPV bar

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