IMP has created a mine plan for Site B, which is a 1 km long vein zone featuring two veins with a projected 1.9 million metric tons of ore. Current assays from a 2,500 metric ton sample shipment acquired from the mine (see Operations Activities video), indicate metal content is likely in the range of 25% of combined Lead and Zinc. This single pit will thus be sufficient Ore to meet the 1.7million metric tom requirement for the first three years of Concentrate sales operations plus the first year of Smelter operations. See Drilling for information about the three other identified vein zones and the surface potential of the Anomaly, which combined resource estimate is around 12 million metric tons of Ore.
IMP has developed comprehensive planning for three key areas of activity:
TARGET CAPACITY: Mine 60,000 metric tons per month of 25% metal content Ore, producing 24,000 metric tons/ mo of export-grade 56% to 60% metal content Lead Concentrate and 51% to 54% metal content Zinc Concentrate with estimated up to 2% Copper and up to 7 Toz Silver, where Copper is removed as 15% Concentrate during concentration, and Silver is retained with Lead Concentrate and monetized in Concentrate sales.
We try not to see our operations plan as being fixed, but rather a guide to decision making. Ultimately every plan adjusts to reality. However, we are very committed to planning as a process of knowing our objectives, knowing what options are available to reach our objectives, knowing what we need to know and what we don’t yet know, finding answers to the questions, and then setting a scenario of the future in place with as much detail as possible and moving towards it. Specifically our planning process is:
The following timelines are a result of the above effort as described in detail in our Detailed Feasibility Study (DFS), Business Plan (BP), and Pro Forma (PF). Naturally, every plan is subject to modification as changes in conditions impact the process.
Below is our current plan starting when receive the Forestry Permit for land use (IPPKH) until December 31, 2021, which is the date when IMP is required to start selling pure metal for export. These timetables, describe “when” things must happen. “How” and “why” is described in detail in our Phase I & II Due Diligence Exploration Report, our Detailed Feasibility Study, our Business Plan, and our Pro Forma.