Coffee Gold Project

Project Overview

Kaminak’s core asset is the 100% owned Coffee Gold Project located on the Yukon River in the emerging White Gold District of the Yukon Territory, Canada. To date, Kaminak has completed over 64,000 m of drilling on the 150,000 acre property and drilled 9 separate and closely-spaced gold discoveries within a 15 km by 5 km area. All of these gold discoveries were made by drilling directly underneath gold-in-soil anomalies. Lack of glaciation over the Coffee property has allowed in-situ soil-sampling to be employed as a highly effective and low cost exploration tool.

Project Scope

JDS was retained by Kaminak Gold Corp. to carry out a preliminary economic assessment (PEA) of the Coffee Project, a resource development gold exploration project, enclosing several gold occurrences within an exploration concession covering an area of more than 600 km2. The study yielded a post-tax NPV5% of $330M and an IRR of 26%.

JDS developed a mine plan and cost estimate rationalizing capital and operational costs. JDS accountabilities included pit and infrastructure design, mine planning, capital and operating cost estimation and overall study preparation and management. JDS recommended project proceed to the feasibility study stage and Kaminak recently initiated a Feasibility Study following the announcement of the robust PEA results.

Project Value $500K

JDS led and authored the Project’s Feasibility study in 2016 which indicates that Coffee is a robust, rapid pay-back, high margin, ten year open pit mining and heap leach project that works in the current gold price environment. The project’s after-tax economics yield NPV5% 455M, IRR of 37%. Initial capital expenditure to fund construction and commissioning is estimated at $317M, with a life-of-mine capital cost of $478M (including C$60M in closure costs). The Feasibility Study proposes four open pits mined by conventional truck and shovel methods at a nominal ore mining rate of 5M tonnes per year for approximately ten years. A total of 312Mt of material will be mined to produce 46.4 Mt of ore (strip ratio of 5.7:1). Run-of-mine ore will be crushed to a 2-inch feed size and placed on a heap leach pad. Gold will be extracted from the leachate by an Adsorption-Desorption-Recovery (ADR) carbon plant.

Project Value $1.5M

The Company was acquired by Goldcorp Inc. in May 2016. The Company intends to move forward into mine permitting to support mine construction, which is planned for mid-2018.

Kaminak Gold Corp.

Dawson City, Yukon Territory