Levack Mine (Suspended)
| Location: | Sudbury, Ontario, Canada |
| Ownership: | 100% |
| Type of Mine: | Underground |
| Type of Ore body: | Contact (all contact mining currently suspended) |
| Primary Metal: | Nickel |
| Secondary Metal: | Copper, platinum and palladium |
| Processing | Custom processed |
| End Product | Ore sent to third party processor |
| Expected Mine Life | Currently suspended |
| Employees | 8 |
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Current Activities:
Currently, the main activities at the Levack Mine support the Morrison Deposit. Any future decision to recommence primary nickel production at the Levack Mine would require several quarters of ore development to reach a sustainable mining rate and an improvement in the payable metals to make the operation profitable.
Reserves / Resources
The Mineral Reserve and Mineral Resource estimates are prepared in accordance with the CIM Definition Standards On Mineral Resources and Mineral Reserves, adopted by CIM Council on November 14, 2004, and the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines, adopted by CIM Council on November 23, 2003, using geostatistical and/or classical methods, plus economic and mining parameters appropriate to each operation. Definitions and guidelines can be found at www.cim.org.
| Contact Ni Resources |
Ore (Mt) |
Cu Grade (%) |
Ni Grade (%) |
Contained Ni (M lbs) |
Contained TPMs (M oz) |
|---|---|---|---|---|---|
| Measured | 2.1 | 1.11 | 2.19 | 52 | 103 |
| Indicated | 3.3 | 1.05 | 2.02 | 76 | 147 |
| M&I | 5.4 | 1.08 | 2.09 | 129 | 250 |
| Inferred | 1.0 | 0.88 | 1.86 | 19 | 41 |
Mineral Resource are inclusive of Mineral Reserve.
The Mineral Resource cut-off is based on the direct cost of mining and the Mineral Reserve cut-off is based on the direct cost, indirect cost, the sustaining capital costs and the impact of the Gold Wheaton agreement. The long term metal prices used were: Cu at US$2.50/lb, Ni at US$7.00/lb, Pt at US$1500/oz, Pd at US$400/oz and Au at US$1,000/oz with a Canadian dollar exchange rate at US$1.00. The Qualified Persons responsible for the 2010 Mineral Resource and Mineral Reserve estimates are Dave King, P.Geo., Manager Geoscience Data & Services; Stu Gibbins, P.Geo., Superintendent Geological Services and Mark Frayne, P.Eng., Manager Engineering, who are all Quadra FNX employees.