$50M feasibility study to be completed by end of 2022
Glencore Canada is investing more than $50 million on a drilling and feasibility program aimed at extending mine life at Kidd Operations. The mine is currently projected to wind down by end of 2023. However, hopes remain alive that operations may extend beyond that.
Last week, the company advised staff that the next phase of drilling and feasibility was approved for what has been dubbed the Mine 5 project, Alexis Segal, Glencore’s head of corporate communications told The Daily Press Thursday night.
That decision came after a year of pre-feasibility studies that included 89,000 meters of drilling and subsequent review by independent experts.
“The project now moves to the next phase of drilling and feasibility, which is expected to cost around $44 million US ($53 million CDN) and will include a further 87,000 metres of drilling as well as some underground development and engineering works,” Segal explained.
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