TSX: CMMC Last: 1.51 Vol: 2,638,938 (15 min delay)

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ProjectsCopper Mountain MineSummary

Copper Mountain Mine (“CMM”) is located about 20 km south of Princeton, British Columbia and 300 km east of the port of Vancouver. Copper Mountain Mining Corporation (“CMMC”) owns 75% of the CMM and Mitsubishi Materials Corporation (“MMC”) owns the remaining 25%.

Project Snapshot

  • Ownership
    75% Copper Mountain Mining Corporation / 25% Mitsubishi Materials Corporation
  • Location
    20 km south of Princeton, BC
  • Infrastructure
    Road Accessible, 300 km from Vancouver
  • Deposit Type
    Porphyry (Alkalic)
  • Mine Type
    Open Pit
  • Expected Mine Life
    17 Years*
  • 2017 Cu Production Guidance
    75 million - 85 million lbs, plus gold and silver credits
  • Secondary Metals
    Gold, Silver approximately 20% of Revenue
  • Resources
    5 Billion lbs of Cu with precious metal credits
  • Process
    Floatation
  • End Product
    Cu (+ Au, Ag) Concentrate
  • Employees on Site
    430

* Based on 2015 AIF disclosure

Table 1 - Resource Summary

  • Resources
    Tonnage
    Cu
    Ag
    Au
    Cu Eq1
    Copper
    Silver
    Gold
  • (0.18 % Cu c/o)
    M t
    %
    g/t
    g/t
    %
    M lbs
    M oz
    M oz
  • M & I
    244
    0.33
    1.36
    0.11
    0.40
    1,782
    10.67
    0.86
  • Inferred
    294
    0.28
    1.13*
    0.12*
    0.35
    1,798
    10.68
    1.13
  • Resources
    Tonnage
    Cu
    Ag
    Au
    Cu Eq1
    Copper
    Silver
    Gold
  • (0.12 % Cu c/o)
    M t
    %
    g/t
    g/t
    %
    M lbs
    M oz
    M oz
  • M & I
    387
    0.26
    1.08
    0.09
    0.32
    2,245
    13.41
    1.16
  • Inferred
    568
    0.21
    0.62*
    0.09*
    0.26
    2,679
    11.32
    1.64
  1. Prices used for copper equivalent are US$3.30/lb Copper, US$1400/oz Gold and US$23/oz Silver with metallurgical recoveries of 84% for Copper, 70% for Gold and 55% for Silver. Standard treatment and refining costs applied. *Inferred resources includes mineralization in the Ingerbelle deposit where gold and silver grades have been estimated based on correlation to copper grades from historical production data. Numbers may not add due to rounding.

Table 2 - Reserve Summary

  • Reserves
    Tonnage
    Cu
    Ag
    Au
    Cu Eq1
    Copper
    Silver
    Gold
  • (0.18 % Cu c/o)
    M t
    %
    g/t
    g/t
    %
    M lbs
    M oz
    M oz
  • Proven
    58
    0.38
    1.82
    0.13
    0.47
    485
    3.39
    0.24
  • Probable
    75
    0.33
    1.20
    0.11
    0.40
    545
    2.89
    0.26
  • P & P
    133
    0.35
    1.47
    0.12
    0.43
    1030
    6.28
    0.50
  • Reserves
    Tonnage
    Cu
    Ag
    Au
    Cu Eq1
    Copper
    Silver
    Gold
  • (0.12 % Cu c/o)
    M t
    %
    g/t
    g/t
    %
    M lbs
    M oz
    M oz
  • Proven
    76
    0.32
    1.51
    0.11
    0.39
    535
    3.68
    0.27
  • Probable
    107
    0.27
    0.99
    0.09
    0.33
    636
    3.41
    0.31
  • P & P
    184
    0.29
    1.21
    0.10
    0.36
    1171
    7.15
    0.58
  • Low Grade Stockpile
    26
    0.16
    -
    -
    n/a
    90
    -
    -

Reserves and Resources were updated as of December 31st, 2015.

The resource and reserve estimation was completed by Copper Mountain mine staff under the supervision of Peter Holbek, P.Geo., Vice President of Exploration and a Qualified Person under National Instrument 43-101. Mr. Holbek has verified the methods used to determine grade and tonnage in the geological model, and mine plan.

Mine Details

The Copper Mountain mineral claims cover approximately 18,000 acres and consist primarily of 135 crown grants, 176 mineral claims and 14 mining leases. Copper Mountain is located in an area with well–developed infrastructure. The property is accessible by a combination of highways and paved roads, and it is close to the port of Vancouver that provides service for shipment of copper concentrates. The mine is a 20–minute drive from local communities that provide goods, services and personnel.