Total project construction capital costs are estimated at C$514 million, inclusive of C$86 million in contingencies and C$7 million in sustaining capital.

The development model for the project includes an open-pit mine and concentrator located approximately 75 kilometers (km) north of Kenora and a hydrometallurgical plant at an industrial site near the city. The concentrate would be transported by truck to the hydrometallurgical plant.

Next steps toward Separation Rapids project development are oriented primarily toward gathering technical information to support completion of a feasibility study in 2017 and securing customer acceptance of the products, followed by operation of a demonstration-scale production facility. Commercial operations could begin by 2020. The Separation Rapids PEA was prepared under the oversight of Micon International Ltd.