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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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Hello, following the news on November 24, can you tell me if this update will be considered an NI 43-101 technical report on SEDAR as in 2013?

 

Copper Fox is commissioning the PEA to provide an update on technical and economic changes to the Schaft Creek Project arising from completion of the 2018 Sizing and Infrastructure Alternatives Study and a subsequent 2019 Conceptual Project Design Study. All of the input studies and the PEA are based on a 133 ktpd ore mining and milling throughput case.

 
When should this update start?
Will the results of this update be published?
Why does copper fox and not the joint venture have to pay for this work?
 
Hello XXXXXX, yes this report will be a compliant NI43-101 report which will also be filed on sedar.
 
1) the update is underway, and likely completed first part of 2021
2) yes the results will definitely be published
3) Copper Fox wanted this report to be independent, not have any influence from Teck. Teck wanted it this way as well....if you ultimately want to monetize the asset it is better if there is no influence from Teck.

 

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