| || |
PRETIVM’S BRUCEJACK IS THE HIGHEST-GRADING UNDEVELOPED LARGE-SCALE GOLD PROJECT. LOCATED IN NORTHERN BRITISH COLUMBIA, IT IS BEING ADVANCED AS AN UNDERGROUND GOLD MINE WITH COMMERCIAL PRODUCTION TARGETED FOR 2017.
Pretium Resources Inc. TSX/NYSE:PVG
High-Grade Gold Reserves
Proven and Probable Mineral Reserves for Valley of the Kings (at June 2014): • 6.9 Million ounces gold (13.6 Mt @ 15.7 g/t gold)
Brucejack Project Milestones
2014: Plans: Advance permitting; plan and implement underground exploration program; planning excavation of 1,000 tonnes of high-grade ore.
2014: Filed Environmental Assessment Certificate application and updated Feasibility Study (June 2014).
2013: Updated Valley of the Kings Mineral Resource estimate (December); completed Valley of the Kings 10,000-tonne bulk sample program and underground exploration drilling; completed Feasibility Study (June);
initiated permitting for an 2,700 tonnes per day underground mine.
2012: Updated high-grade Mineral Resource estimate; initiated Feasibility Study; initiated exploration decline from West Zone historic workings to Valley of the Kings; filed Project Description and completed access to Highway 37.
2011: Completed first Mineral Resource estimate for Brucejack and conducted a 72,144-meter drill program focused on the Valley of the Kings.
2010 Dec: Pretium Resources Inc. acquired Brucejack Project and Snowfield Project from Silver Standard Resources Inc. for C$450 million; Pretium IPO on TSX.
2009-2010: Exploration resumed, discovery of the Valley of the Kings.
1999-2000: Acquisition by Silver Standard Resources Inc.
1993: Mine Development Certificate issued.
1990: Feasibility Study completed for West Zone.
1986-1989: Underground development of West Zone (5,276 meters).
1980-1985: West Zone discovery by Newhawk/Granduc.
• Permitting underway for high-grade underground mine
• Valley of the Kings remains open
• Located in British Columbia
• Commercial production target 2017
ADVANCING BRUCEJACK TO PRODUCTION
June 2014 Feasibility Study Highlights
Processing rate 2,700 tonnes per day
Mine life 18 years
Total gold production 7.27 million oz
Average annual gold production 504,000 ounces (years 1-8) 404,000 ounces (life of mine)
Average gold grade 15.8 g/t (years 1-10) 14.1 g/t (life of mine)
All-in sustaining cash cost per oz US$448/oz
Capex (including contingencies) US$746.9 million
Total operating costs C$163.05/t milled
Internal Rate of Return 34.7% (pre-tax) 28.5% (post-tax)
Net Present Value US$2.25 billion (pre-tax) (5% discount) US$1.45 billion (post-tax)
Share capitalization (at July 29, 2014)
|Issued and Outstanding Shares: ||115,307,377 |
|Options: ||10,351,950 |
|Fully diluted ||125,659,327 |
Top Shareholders at April 28, 2014 (Source: IPREO, SEDI)
|Silver Standard Resources Inc. ||18.07% |
|Royce & Associates ||6.71% |
|Liberty Metals & Mining Holdings ||6.52% |
|Sun Valley Gold, LLC ||4.29% |
|Aristeia Capital, LLC ||3.45% |
|Robert Quartermain ||2.72% |
|Franklin Advisers, Inc. ||2.53% |
|Norges Bank Investment ||2.34% |
|TD Asset Management ||1.88% |
|Sprott Asset Management ||1.69% |
|Fidelity Management & Research Company ||1.35% |