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.