Avanti Mining, Kitsault Project Animation: From Construction to Reclamation

Avanti Mining Plans 5th Largest Molybdenum Mine

The Kitsault project is located in the Nisga'a traditional lands -- the Nass Wildlife Area.

Ideal Infrastructure

This mining project is a proposed redevelopment of an existing abandoned mine, and is located south of Alice Arm, and approximately 200 km by road northwest of Terrace, BC.

The mine site is ideally situated. It is accessible by road from Kitsault and New Aiyansh via the Nisga'a Highway and Forest Service Roads.

The property also has a 42 km 138 kv powerline connected to the Aiyansh substation, a part of the BC Hydro grid. This existing line can be reactivated to its full capacity.

The Kitsault project is located within the Lime Creek Watershed and drains into Alice Arm. This is a separate geographical location from the Nass River Watershed to the east.

The Promise of Avanti Mining

Kitsault has three known molybdenum mineral deposits: Kitsault, Bell Moly, and Roundy Creek. These projects hold great promise for Avanti Mining and its neighbors in the Nass Valley.

Avanti proposes to build a 40,000 tpd mining facility, which would produce an average of 24.5 million pounds of molybdenum per year over a 15 year mine life. Using conservative molybdenum prices, the after tax value of the Kitsault project is approximately $1.6 billion. When in full production, Kitsault will be the fifth largest primary molybdenum mine in the world.

The promise of Avanti is to convert the unseen assets below the ground into a sustainable future for its shareholders and the local community.

In the 30 years since the Kitsault mine was closed, Molybdenum has become an essential commodity in the modern world.

During the two year construction period, the company will employ approximately 500 people. During the 15 year life of the mine, some 360 full time jobs will be created.

The mine development plan calls for a mine camp to house many of these employees.

Preference will be given to the Nisga'a for training, employment and service contracts. The mine will also create an estimated 900 indirect jobs providing goods and services to the mine and the local communities.

Additionally, Avanti believes the mine's life can be substantially expanded beyond 15 years, based on known additional resources and the company's ongoing exploration program. Read the rest at www.resourceintelligence.net

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