The Superior Lake Zinc Project is located around 200 kilometers east of Thunder Bay in the province of Ontario in Canada. The Project covers an area of 175km2 and consists of two deposits – Winston Lake and Pick Lake. A Restart Study completed in October 2018, outlined an operation at Superior Lake that would produce 46,000tpa of contained zinc metal with All in Sustaining Operating Costs (“AISC”) of US$0.51 / lb. The Company is currently working towards the release of a DFS in mid-2019, with the Pick Lake deposit expected to provide the majority of ore for the operation.
The Superior Lake resource estimate, as at 6th March 2019, is shown in Table 2 is classified in accordance with Canadian Institute of Mining, Metallurgy and Petroleum and JORC 2012