Quadra Begins Production at Carlota
Mining is by conventional open-pit methods, using drilling, blasting, loading and truck haulage of ore and waste. LME grade copper cathode will be produced on site by the heap leach, SX-EW process.
Pit operations have reached near full capacity. Pit surveys and blasthole grades indicate that the metal content of the material mined so far is consistent with reserve estimates. Copper production projections are based on a yearly mining rate of 28 million short tons of total material moved, which is the maximum material that can be moved annually under the Environmental Impact Statement (EIS) and Carlota Air Quality Permit. Life-ofmine waste removal is estimated at 183 million st for a project strip ratio of 2.14:1.
Quadra acquired the Carlota project from Cambior Inc. in late 2005. Following a project review that included infill drilling, engineering studies, detailed cost estimation and infrastructure development, Quadra produced an updated NI 43-101 technical report and received approval from the company’s board of directors to proceed with development in November 2006.