The Jiama project is one of the largest copper gold polymetallic mines in China. The Jiama project is located within the Gangdise Copper Metallogeny Belt in Central Tibet, China and is approximately 60 kilometers east of Lhasa City along the Sichuan-Tibet Highway. The Jiama project is a large scale polymetallic deposit consisting of copper, molybdenum, gold, silver, lead and zinc.
The Company acquired the Jiama project on December 1, 2010 concurrent with the closing of its initial public offering and listing on the Stock Exchange of Hong Kong Limited.
Commercial production began at the Jiama project in September 2010. The Jiama project will be developed into a combined open-pit and underground mining operation. Phase I development was completed at the Jiama project in 2010 and included two open pits, a processing plant and an underground ore transportation system. Trial production began in July 2010 and commercial production began in September 2010. The Jiama mine is processing 6,000 tonnes of ore per day. Phase II development at the Jiama project will include a major mine expansion and work on an updated feasibility study including a mine plan and reserve update is ongoing.
Resource Estimate
The 2010 drill program was completed at the Jiama project in December 2010 with 76 holes drilled totaling 45,537 meters. The 2010 drill program defined and upgraded a significant amount of Jiama's inferred resources to measured and indicated resources. Total measured and indicated resources increased by 443% from 185.1 million tonnes averaging 0.74 percent copper and containing 1.38 million tonnes of copper to 1,006.0 million tonnes averaging 0.41 percent copper and containing 4.08 million tonnes of copper.
The resources for the Jiama project as of June 2011 are summarized in tables 1.1 and 1.2.
To view the National Instrument 43-101 technical report entitled "Resource Update Report on the Jiama Copper-Polymetallic Project in Metrorkongka County, Tibet Autonomous Region The People's Republic of China" dated March 16, 2012, please click here.
Project Economics
The Company will utilize the results of its National Instrument 43-101 technical report dated March 16, 2012 to prepare an updated feasibility study including a mine plan and reserve update to support a major mine expansion at the Jiama project.
Mineral Reserves
The reserves for the Jiama project as of June 2010 are summarized in table 1.3. The reserves for the Jiama project will be updated following completion of the ongoing feasibility study to support a major mine expansion at the Jiama project.
To view the National Instrument 43-101 technical report entitled "Independent Technical Report on the Jiama Copper-Polymetallic Project in Metrorkongka County, Tibet Autonomous Region, The People's Republic of China" dated November 17, 2010" which is attached as appendix A1-1 to the Company's global offering prospectus dated November 17, 2010, please click here.
Qualified Person
Dr. Yingting (Tony) Guo is a Qualified Person as defined by National Instrument 43-101 and is responsible for the scientific and technical information on this site relating to the Jiama project.
The Company acquired the Jiama project on December 1, 2010 concurrent with the closing of its initial public offering and listing on the Stock Exchange of Hong Kong Limited.
Commercial production began at the Jiama project in September 2010. The Jiama project will be developed into a combined open-pit and underground mining operation. Phase I development was completed at the Jiama project in 2010 and included two open pits, a processing plant and an underground ore transportation system. Trial production began in July 2010 and commercial production began in September 2010. The Jiama mine is processing 6,000 tonnes of ore per day. Phase II development at the Jiama project will include a major mine expansion and work on an updated feasibility study including a mine plan and reserve update is ongoing.
Resource Estimate
The 2010 drill program was completed at the Jiama project in December 2010 with 76 holes drilled totaling 45,537 meters. The 2010 drill program defined and upgraded a significant amount of Jiama's inferred resources to measured and indicated resources. Total measured and indicated resources increased by 443% from 185.1 million tonnes averaging 0.74 percent copper and containing 1.38 million tonnes of copper to 1,006.0 million tonnes averaging 0.41 percent copper and containing 4.08 million tonnes of copper.
The resources for the Jiama project as of June 2011 are summarized in tables 1.1 and 1.2.
| Table 1.1 Behre Dolbear's JORC Measured and Indicated Mineral Resources Estimates for the Jiama Project as of June 2011 (Cut Off grade for the resource estimate is 0.3% Copper or 0.03% Molybdenum or 1% Lead or 1% Zinc) |
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|---|---|---|---|---|---|---|---|---|
| Model | Category | Tonnes (kt) |
Average grade | |||||
| Cu (%) |
Mo (%) |
Au (g/t) |
Ag (g/t) |
Pb (%) |
Zn (%) |
|||
| Shallow Skarn | Measured | 60,579 | 0.82 | 0.057 | 0.33 | 15.47 | 0.04 | 0.03 |
| Indicated | 210,722 | 0.75 | 0.061 | 0.29 | 14.07 | 0.03 | 0.02 | |
| Meas+Ind | 271,301 | 0.77 | 0.060 | 0.30 | 14.38 | 0.03 | 0.03 | |
| Steep Skarn | Measured | 4,012 | 0.76 | 0.031 | 0.27 | 17.59 | 0.31 | 0.18 |
| Indicated | 18,971 | 0.76 | 0.032 | 0.26 | 17.62 | 0.30 | 0.17 | |
| Meas+Ind | 22,983 | 0.76 | 0.032 | 0.26 | 17.61 | 0.30 | 0.17 | |
| Hornfels | Measured | 0 | 0.00 | 0.000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Indicated | 655,089 | 0.27 | 0.037 | 0.03 | 1.04 | 0.01 | 0.01 | |
| Meas+Ind | 655,089 | 0.27 | 0.037 | 0.03 | 1.04 | 0.01 | 0.01 | |
| Porphyry | Measured | 0 | 0.00 | 0.000 | 0.00 | 0.00 | 0.00 | 0.00 |
| Indicated | 56,596 | 0.11 | 0.056 | 0.01 | 0.74 | 0.01 | 0.01 | |
| Meas+Ind | 56,596 | 0.11 | 0.056 | 0.01 | 0.74 | 0.01 | 0.01 | |
| All Models | Total | 1,005,969 | 0.41 | 0.044 | 0.10 | 5.00 | 0.02 | 0.02 |
| Table 1.2 Behre Dolbear's JORC Inferred Mineral Resource Estimates for the Jiama Project as of June 2011 (Cut Off grade for the resource estimate is 0.3% Copper or 0.03% Molybdenum or 1% Lead or 1% Zinc) |
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|---|---|---|---|---|---|---|---|---|
| Model | Category | Tonnes (kt) |
Average grade | |||||
| Cu (%) |
Mo (%) |
Au (g/t) |
Ag (g/t) |
Pb (%) |
Zn (%) |
|||
| Shallow Skarn | Inferred | 94,325 | 0.61 | 0.056 | 0.23 | 11.66 | 0.02 | 0.02 |
| Steep Skarn | Inferred | 26,012 | 0.71 | 0.026 | 0.21 | 17.88 | 0.35 | 0.15 |
| Hornfels | Inferred | 39,460 | 0.23 | 0.039 | 0.03 | 1.02 | 0.01 | 0.01 |
| Porphyry | Inferred | 10,356 | 0.13 | 0.058 | 0.01 | 0.74 | 0.01 | 0.01 |
| All Models | Total | 170,153 | 0.51 | 0.048 | 0.17 | 9.48 | 0.07 | 0.04 |
To view the National Instrument 43-101 technical report entitled "Resource Update Report on the Jiama Copper-Polymetallic Project in Metrorkongka County, Tibet Autonomous Region The People's Republic of China" dated March 16, 2012, please click here.
Project Economics
The Company will utilize the results of its National Instrument 43-101 technical report dated March 16, 2012 to prepare an updated feasibility study including a mine plan and reserve update to support a major mine expansion at the Jiama project.
Mineral Reserves
The reserves for the Jiama project as of June 2010 are summarized in table 1.3. The reserves for the Jiama project will be updated following completion of the ongoing feasibility study to support a major mine expansion at the Jiama project.
| Table 1.3 JORC Skarn-Type Ore Reserve Estimates for the Jiama Project as of June 30, 2010 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Type | kt | Grade | Contained Metal | ||||||||||
| Cu (%) |
Mo (%) |
Au (g/t) |
Ag (g/t) |
Pb (%) |
Zn (%) |
Cu (%) |
Mo (%) |
Au (g/t) |
Ag (g/t) |
Pb (%) |
Zn (%) |
||
| Total Reserves | |||||||||||||
| Proved | 53,541 | 0.83 | 0.038 | 0.32 | 16.3 | 0.06 | 0.04 | 442.8 | 20.31 | 17.1 | 874 | 29.6 | 21.3 |
| Probable | 52,358 | 0.85 | 0.040 | 0.29 | 16.5 | 0.11 | 0.05 | 442.8 | 20.96 | 15.2 | 864 | 55.4 | 27.2 |
| Total | 105,899 | 0.84 | 0.039 | 0.31 | 16.4 | 0.08 | 0.05 | 885.6 | 41.27 | 32.3 | 1738 | 85.0 | 48.6 |
To view the National Instrument 43-101 technical report entitled "Independent Technical Report on the Jiama Copper-Polymetallic Project in Metrorkongka County, Tibet Autonomous Region, The People's Republic of China" dated November 17, 2010" which is attached as appendix A1-1 to the Company's global offering prospectus dated November 17, 2010, please click here.
Qualified Person
Dr. Yingting (Tony) Guo is a Qualified Person as defined by National Instrument 43-101 and is responsible for the scientific and technical information on this site relating to the Jiama project.