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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: Teck presentation deck from this morning

I found it interesting that the map which shows all their projects does not show Schaft Creek. However, they once again list Galore Creek and Schaft Creek together on page 24 "Growth Options." I don't know why they continually list them together since the ownership is different and the costs are separate.

The list of growth options should give a hint towards where that $105M is to be spent. Besides us there is Relincho, Mesaba, Zafranal, and HVC.

On a previous presentation for their copper division they showed Schaft Creek separately from Galore Creek on their map. Also, they colour-coded SC to include in the inferred category. This is likely because they have not yet completed their own 43-101 review and update. Still, for those who seem obsessed with having the resource included it is a step in the right direction.

In that category of inferred they list 11.1 Mt including Schaft Creek.

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