The SCJV is nearing completion of the remodeling work which is expected to be finalized by Q3 2017. On completion of the remodel work, the management committee for the SCJV will discuss the results of the remodeling and Copper Fox will issue a news release on the conclusions and recommendations of the remodeling work.

The results of the remodeling work will be compared to the resource estimation completed in 2012 to determine if either positive or negative changes to resource categories, tonnes and grades has occurred. The decision on if an updated resource estimate for the Schaft Creek deposit is required will be made upon the completion of the remodeling work.