Preliminary Economic Assessment
Total Page:16
File Type:pdf, Size:1020Kb
Constellation Project incorporating the Los Helados Deposit, Chile and the Josemaría Deposit, Argentina NI 43-101 Technical Report on Preliminary Economic Assessment Prepared for: NGEx Resources Inc. Prepared by: Mr Alfonso Ovalle, RM CMC, Amec Foster Wheeler Mr Cristian Quiñones, RM CMC, Amec Foster Wheeler Mr Cristian Quezada, RM CMC, Amec Foster Wheeler Mr David Frost, FAusIMM, Amec Foster Wheeler Mr Vikram Khera, P.Eng.,Amec Foster Wheeler Mr Gino Zandonai, RM CMC, DGCS SA Effective Date: 12 February 2016 Amended Signature Date: 31 March 2016 Project Number: 179770 CERTIFICATE OF QUALIFIED PERSON I, Alfonso Ovalle, RM CMC, am employed as a Principal Mining Engineer with Amec Foster Wheeler International Ingeniería y Construcción Limitada (“Amec Foster Wheeler”). This certificate applies to the technical report titled “Constellation Project, incorporating the Los Helados Deposit, Chile and the Josemaría Deposit, Argentina, NI 43-101 Technical Report on Preliminary Economic Assessment” that has an effective date of 12 February, 2016 (the “technical report”). I am a Registered Member of the Chilean Mining Commission (RM CMC #243). I graduated from the University of Chile as a Civil Mining Engineer in 1970. I enrolled in a Master of Science in Mineral Economics degree course at the Henry Krumb School of Mines, Columbia University, N.Y. from 1972 to 1973. I have practiced my profession for 47 years since graduation. I have been directly involved in base and precious metals and limestone operations, planning, consulting, and management of underground mines in Chile, Peru, South Africa, Canada and Australia. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (“NI 43–101”). I have not visited the Constellation Project. I am responsible for Sections 1.1, 1.3, 1.15.1, 1.15.3, 1.17.1, 1.17.2, 1.17.3, 1.17.4, 1.17.5, 1.20, 1.21, 1.24, 1.25, 1.26, 2.2, 2.4, 2.5, 2.6, 3.1, 3.2, 5, 15, 16.1, 16.3, 16.4, 16.5, 16.6, 16.7, 18.2, 18.3, 18.4, 18.5, 18.6, 18.7, 21.1.1, 21.1.2, 21.1.4, 21.1.5, 21.1.6, 21.1.7, 21.1.8, 21.2.1, 21.2.2, 21.2.4, 21.2.5, 21.2.6, 21.3, 24, 25.9, 25.11, 25.14, 25.15, 25.17, 26.1, 26.2.1, 26.2.2, 26.2.4, 26.2.5, 26.2.7, 26.3, and 27 of the Report. I am independent of NGEx Resources Inc (“NGEx”) as independence is described by Section 1.5 of NI 43–101. I have been involved with the Constellation Project during the preparation of the Preliminary Economic Assessment on which this technical report is based. I have previously co-authored a Technical Report on the Los Helados property as follows: Quiñones, C., Ovalle, A., Frost, D., Priscu, D., Khera, V., Pizarro, N., and Zandoinai, G., 2014: Los Helados Cu-Au Deposit, Atacama Region III, Chile, NI 43-101 Technical Report on Preliminary Economic Assessment: technical report prepared by AMEC and Behre Dolbear for NGEx Resources Inc., effective date 1 October, 2014. Amec Foster Wheeler International Ingeniería y Construcción Limitada Av. Apoquindo 3846, Piso 15, Las Condes, Santiago, Chile Tel: 56 2 2109500 Fax: 56 2 2109510 www.amecfw.com I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading. Dated: 31 March, 2016 “Signed” Alfonso Ovalle RM CMC Amec Foster Wheeler International Ingeniería y Construcción Limitada Av. Apoquindo 3846, Piso 15, Las Condes, Santiago, Chile Tel: 56 2 2109500 Fax: 56 2 2109510 www.amecfw.com CERTIFICATE OF QUALIFIED PERSON I, Cristian Andres Quiñones Constanzo, RM CMC am employed as a geologist with Amec Foster Wheeler International Ingeniería y Construcción Limitada (“Amec Foster Wheeler”). This certificate applies to the technical report titled “Constellation Project, incorporating the Los Helados Deposit, Chile and the Josemaría Deposit, Argentina, NI 43-101 Technical Report on Preliminary Economic Assessment” that has an effective date of 12 February, 2016 (the “technical report”). I am a Registered Member of the Chilean Mining Commission (RM CMC #149) and a Member of the Australasian Institute of Mining & Metallurgy (MAusIMM #315413). I graduated from the Universidad de Concepción in Chile, in 2000 as a Geologist. I have practiced my profession for 16 years. I have been directly involved in precious and base metals exploration, mining, consulting, and project management in Chile, Peru, Brazil, Canada, France, Niger, Kazakhstan and Namibia. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (NI 43–101). I visited the Constellation Project on April 11, 2014. I am responsible for Sections 1.4, 1.5, 1.6, 1.7, 1.8, 1.9, 1.10, 1.11, 1.25, 1.26, 2, 3.1, 3.2, 4.2, 4.4, 4.5, 4.6, 6.2, 7.1, 7.2, 7.3.2, 7.4, 9.2, 9.3.2, 9.5, 10.2, 10.3, 11.2, 11.3, 12.2, 12.3, 23, 25.1, 25.2, 25.3, 25.4, 25.5, 25.6, 25.17, and 27 of the Report. I am independent of NGEx Resources Inc (“NGEx”) as independence is described by Section 1.5 of NI 43–101. I have been involved with the Constellation Project during the preparation of the Preliminary Economic Assessment on which this technical report is based. I have previously co-authored a Technical Report on the Los Helados property as follows: Quiñones, C., Ovalle, A., Frost, D., Priscu, D., Khera, V., Pizarro, N., and Zandonai, G., 2014: Los Helados Cu-Au Deposit, Atacama Region III, Chile, NI 43-101 Technical Report on Preliminary Economic Assessment: technical report prepared by AMEC and Behre Dolbear for NGEx Resources Inc., effective date 1 October, 2014. Amec Foster Wheeler International Ingeniería y Construcción Limitada Av. Apoquindo 3846, Piso 15, Las Condes, Santiago, Chile Tel: 56 2 2109500 Fax: 56 2 2109510 www.amecfw.com I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading. Dated: 31 March, 2016 “Signed” Cristian Quiñones Constanzo. RM CMC Amec Foster Wheeler International Ingeniería y Construcción Limitada Av. Apoquindo 3846, Piso 15, Las Condes, Santiago, Chile Tel: 56 2 2109500 Fax: 56 2 2109510 www.amecfw.com CERTIFICATE OF QUALIFIED PERSON I, Cristian Quezada, RM CMC, am employed as a principal mining engineer with Amec Foster Wheeler International Ingeniería y Construcción Limitada (“Amec Foster Wheeler”). This certificate applies to the technical report titled “Constellation Project, incorporating the Los Helados Deposit, Chile and the Josemaría Deposit, Argentina, NI 43-101 Technical Report on Preliminary Economic Assessment” that has an effective date of 12 February, 2016 (the “technical report”). I am a Registered Member of the Chilean Mining Commission (RM CMC #205) and a Member of the Australasian Institute of Mining & Metallurgy (MAusIMM #991839). I graduated from the Universidad de Santiago de Chile as a Civil Mining Engineer in 2005. I have practiced my profession for 11 years since graduation. I have been directly involved in base metals mining, consulting, and project management in Chile, Argentina, Indonesia, Peru and Brazil. As a result of my experience and qualifications, I am a Qualified Person as defined in National Instrument 43–101 Standards of Disclosure for Mineral Projects (“NI 43–101”). I have not visited the Constellation Project. I am responsible for Sections 1.1, 1.3, 1.15.1. 1.15.2, 1.17.1, 1.17.2, 1.17.3, 1.17.5, 1.20, 1.21, 1.24, 1.25, 1.26, 2.2, 2.4, 2.5, 2.6, 3.1, 3.2, 15, 16.1, 16.2, 16.4, 16.5, 16.6, 16.7, 18.1, 18.7, 21.1.1, 21.1.2, 21.1.4, 21.1.5, 21.1.6, 21.1.7, 21.1.8, 21.2.1, 21.2.2, 21.2.4, 21.2.5, 21.2.6, 21.3, 24, 25.9, 25.11, 25.14, 25.15, 25.17, 26.1, 26.2.1, 26.2.2, 26.2.4, 26.2.5, 26.2.7, 26.3, and 27 of the Report. I am independent of NGEx Resources Inc (“NGEx”) as independence is described by Section 1.5 of NI 43–101. I have been involved with the Constellation Project during the preparation of the Preliminary Economic Assessment on which this technical report is based. I have read NI 43–101 and the sections of the technical report for which I am responsible have been prepared in compliance with that Instrument. As of the effective date of the technical report, to the best of my knowledge, information and belief, the sections of the technical report for which I am responsible contain all scientific and technical information that is required to be disclosed to make those sections of the technical report not misleading.