Ausenco Engineering Canada Inc. (Ausenco) and a group of engineering and environmental consultants were engaged by Alamos Gold to complete the Project Feasibility Study and the National Instrument 43-101 Technical Report for the Lynn Lake Gold Project. This Report confirms the technical feasibility and the economic viability of the Project.
National Instrument 43-101 sets the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada.
The Instrument defines a Feasibility Study as a comprehensive study of a mineral deposit in which all geological, engineering, legal, operating, economic, social, environmental and other relevant factors are considered in sufficient detail that it could reasonably serve as the basis for a final decision by a financial institution to finance the development of the deposit for mineral production.
Over the mine life, Alamos Gold anticipates C$647.5 million in capital expenditure including initial capital, sustaining capital and closure, and C$1.3 billion in operational spending, based on the 2017 Feasibility Study.