Since November of 2023, PPML and the team have conducted and thoroughly analyzed various technical trade-off studies to better define the FS final design concept. In Q3 2024, PPML’s Board of Directors approved the company’s final design concept to be developed in the FS. The FS will use the Mineral Resource Estimate announced on June 25th, 2024, that reported 49.5MT of Indicated Mineral Resources Grading 5.52% ZnEq and 8.3Mt of Inferred Mineral Resources Grading 5.64% ZnEq (see note below under “About Osisko Metals“).
These more detailed design concepts will bridge the Project from a PEA level into the FS stage and support concurrent Environmental Assessment and Permitting activities. A significant change is that the preconcentration methods proposed in the 2020 & 2022 PEA studies (i.e. XRF Ore Sorting, Dense Media Separation) will not be incorporated in the concentrator design in favour of conventional “Full Milling”. This will have an overall better recovery of zinc and lead and will reduce operational risk with the simpler flow sheet. Other concepts that were analyzed in detail were the use of former Cominco Era open pits to dispose of waste rock and tailings as much as possible. All key concepts will be presented to communities for feedback in upcoming community meetings planned for November 2024.
The PPML team relies on the experience of Qualified Persons working for established engineering firms, including Synectiq, BBA, GMining, Newfields, Terrane Geoscience, and WSP, to develop the Feasibility Study and advance permitting. WSP has local offices in the Northwest Territories and the experience needed for permitting in the North.
This summer, PPML had two weeks of site visits where the Project was presented to Government representatives, community leaders and members and environmental regulators and we thank them for their participation.
Qualified Person
Mr. Robin Adair is the Qualified Person and the Senior Technical Advisor for Pine Point Mining Limited. He is responsible for the technical data reported in this news release and is a Professional Geologist registered in the Northwest Territories.
About Osisko Metals
Osisko Metals Incorporated is a Canadian exploration and development company creating value in the critical metals space, more specifically copper and zinc. The Company is in a joint venture with Appian Capital Advisory LLP for the advancement of one of Canada’s premier past-producing zinc mining camps, the Pine Point Project, located in the Northwest Territories, for which current mineral resources have been calculated for the 2024 MRE (as defined herein). The Project is held under the joint venture company Pine Point Mining Limited. The current mineral resource estimate consists of 49.5Mt grading 5.52% ZnEq of Indicated Mineral Resources and 8.3Mt grading 5.64% ZnEq of Inferred Mineral Resources (in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects) . The report’s…