Canadian Malartic Mine
3% NSR Jeffrey + Barnat

Jeffrey Zone and Barnat Extension

Abitibi Royalties holds a 3% NSR on a portion of the Canadian Malartic mine known as the Jeffrey Zone and Barnat Extension. The Jeffrey Zone is a separate deposit, located immediately east of the main Canadian Malartic open pit. The Barnat Extension makes up the eastern portion of the Canadian Malartic open pit.   Work on the Barnat Extension project is proceeding on budget and on schedule. Work is primarily focused on the highway 117 road deviation, overburden stripping and tailings expansion. The highway deviation is expected to be completed in late 2019. 

During Q4-2018, production commenced in the area subject to Abitibi Royalties’ 3% NSR.

The reserve and resource estimates for the Jeffrey Zone and Barnat Extension subject to Abitibi Royalties' 3% NSR (as at December 31, 2018) are listed below.

Reserve Estimate for Barnat (East) & Jeffrey (3% NSR)
Category Area* Tons (Metric) Gold Grade (g/t) Contained Ounces
Proven Reserve BA+JF Stockpile 407,811 1.01 13,272
Probable Reserve BA+JF 3,895,661 0.91 114,567
Total Proven & Probable Reserve BA+JF 4,303,472 0.92 127,839

BA = Barnat, Jeffrey = JF


Resource Estimate for Odyssey, East Malartic, Barnat & Jeffrey (3% NSR)
Category Area Tonnes (Metric) Gold Grade (g/t) Contained Ounces
Measured Resources BA 49,038 1.26 1,981
Indicated Resources BA-JF-ODY-EM 5,557,393 2.1 374,785
Total M & I Resources BA-JF-ODY-EM 5,606,431 2.09 376,766
 
Inferred Resource BA-JF-ODY-EM 31,436,124 2.11 2,136,960

BA = Barnat, Jeffrey = JF, Odyssey = ODY, East Malartic = EM


Projected Gold & Silver Production 3% NSR 2019-2021

The tables below summarize the expected gold and silver production from 2019-2021 from the Jeffrey and Barnat open pits.

Gold Estimated Production 3% NSR (2019)
Year Area Tonnes
Mined
Gold
Grade
Mined
Ounces
Processed
Ounces
Recovered
Ounces
Stockpiled
Ounces
Jan JF 275,682 0.65 5,779 3,559 3,150 2,220
Feb BA+JF 327,095 0.69 7,204 4,496 3,979 2,708
Mar BA+JF 397,291 0.81 10,288 7,105 6,288 3,183
Apr BA+JF 432,795 0.89 12,370 9,226 8,165 3,145
May BA+JF 385,517 0.96 11,882 8,476 7,501 3,406
Jun BA+JF 269,936 0.91 7,938 6,893 6,101 1,044
Jul BA+JF 137,332 0.77 3,389 2,486 2,200 903
Aug BA+JF 58,054 0.98 1,822 1,728 1,529 94
Sept - - - - - - -
Oct - - - - - - -
Nov - - - - - - -
Dec BA 3,925 0.53 66 56 50 10
Total   2,287,627 0.83 60,738 44,025 38,962 16,713

BA = Barnat, Jeffrey = JF

Silver Estimated Production 3% NSR (2019)
Year Area Tonnes
Mined
Silver
Grade
Mined
Ounces
Processed
Ounces
Recovered
Ounces
Stockpiled
Ounces
Jan JF 275,682 0.95 8,413 5,182 3,936 3,232
Feb BA+JF 327,095 1.00 10,488 6,546 4,973 3,942
Mar BA+JF 397,291 1.17 14,978 10,344 7,858 4,634
Apr BA+JF 432,795 1.29 18,011 13,431 10,203 4,579
May BA+JF 385,517 1.40 17,299 12,340 9,374 4,959
Jun BA+JF 269,936 1.33 11,556 10,036 7,624 1,520
Jul BA+JF 137,332 1.12 4,934 3,620 2,750 1,314
Aug BA+JF 58,054 1.42 2,653 2,515 1,911 137
Sept - - - - - - -
Oct - - - - - - -
Nov - - - - - - -
Dec BA 3,925 0.77 97 82 62 15
Total   2,287,627 1.2 88,429 64,096 48,692 24,333

JF = Jeffrey, BA = Barnat

Gold Estimated Production 3% NSR (2020-2021)
Year Area Tonnes
Mined
Gold
Grade
Mined
Ounces
Processed Ounces Recovered Ounces Stockpiled
Ounces
2020 BA 148,386 0.94 4,489 4,407 3,914 82
2021 BA 659,903 0.91 19,258 23,871 21,317 -4,614
Total   808,289 0.91 23,747 28,278 25,231 -4,532

BA = Barnat

Silver Estimated Production 3% NSR (2020-2021)
Year Area Tonnes
Mined
Silver
Grade
Mined
Ounces
Processed
Ounces
Recovered
Ounces
Stockpiled
Ounces
2020 BA 148,386 1.37 6,536 6,416 4,874 120
2021 BA 659,903 1.32 28,037 34,754 26,402 -6,717
Total   808,289 1.33 34,573 41,170 31,276 -6,597

BA = Barnat

Proven and probable reserves have been calculated at a gold price of US$1,200/oz.

Stated reserves are in addition to resources.

For more information regarding the reserve and resource calculations, see press release dated March 14, 2019


Abitibi Royalties Inc - TSX-V: RZZ