Alamos Gold Inc
Turkish Development Projects
Kirazlı is a low-cost, high-return, fully funded growth project. Positive feasibility studies were completed on Ağı Dağı and Kirazlı in 2017 with both projects contemplated as stand-alone open-pit, heap-leach operations. Alamos expects to first develop Kirazlı and then utilize its cash flows to fund the development of Ağı Dağı. As outlined in the feasibility study, Kirazlı is expected to produce an average of 104,000 oz of gold at mine-site all-in sustaining costs1 of $373 per ounce over a five year mine life.
In conjunction with the Ministry of Forestry and Water Affairs – State Hydraulic Works (DSI), a water reservoir was constructed by Alamos and completed in 2019. In addition to supplying the process water requirements of the Kirazlı mine, the water reservoir will supply clean drinking water and irrigation to several nearby communities – a key element of Alamos Gold’s commitment to its host communities and our sustainability and social responsibility objectives. In addition, power will be supplied from the commercial electricity grid with a new dedicated 30-kilometre-long overhead line connecting the Çanakkale utility substation to the Kirazlı mine substation.
In October 2019, Alamos suspended all construction activities on the Kirazlı project pending the renewal of our Turkish mining concessions. We are working with the Turkish Department of Energy and Natural Resources on securing the renewal of the mining concessions which will allow for a resumption of construction activities.
Alamos has been working with the various government ministries and local communities since 2010, as part of a multi-year environmental review and community consultation process. After earning the support of local communities and passing a rigorous environmental review process, Alamos was granted government approval of all the major permits needed to build Kirazlı including the Environmental Impact Assessment, Forestry Permits, Business Opening (GSM) and Operating Permits.
Alamos remains committed to developing Kirazlı to the same high-level environmental and social standards as our operations in Canada and Mexico. This includes reforesting all 354 acres of cleared land and continuing to invest in our local communities with $25 million having been already spent on sustainability initiatives. Additionally, our projects in Turkey are expected to create more than 2,000 local and national jobs, between direct and indirect employment, and to generate over $500 million in government revenue.
Ağı Dağı project represents another low-cost, high-return, growth project for Alamos. Positive feasibility studies were completed on Ağı Dağı and Kirazlı in 2017 with both projects contemplated as stand-alone open-pit, heap-leach operations.
Ağı Dağı is expected to produce an average of 177,600 oz of gold at mine-site all-in sustaining costs1 of $411/oz over a six year mine life. Mineralized material from the nearby Çamyurt deposit is expected to be trucked and processed at Ağı Dağı after it has been depleted, resulting in a combined mine life of nearly 10 years between the two projects.
Alamos expects to first develop Kirazlı and then utilize its cash flows to fund development of Ağı Dağı. Following a construction decision, we anticipate a 36-month development timeline for building Ağı Dağı. As with Kirazlı, a water reservoir will be constructed to supply the process water requirements of the Ağı Dağı project and clean drinking water and irrigation for the nearby communities – a key element of Alamos Gold’s commitment to its host communities and our sustainability and social responsibility objectives.
Local infrastructure is excellent and well-serviced with paved roads, electricity, transmission lines, and electricity generating facilities, the most significant being a large power plant adjacent to the nearby Town of Çan.
The Aği Daği property consists of a total of 10,514 hectares of mineral tenure in 15 contiguous operation and exploration licenses and includes the Çamyurt Project. As all projects are located in a forestry reserve, surface rights are controlled by the State government of Çanakkale. Production from Ağı Dağı and Çamyurt will be subject to a 2% net smelter return (“NSR”) royalty payable to Franco-Nevada Corporation.
Çamyurt is another low cost, high return growth opportunity. A preliminary economic assessment (“PEA”) was completed in 2017 on the basis that Çamyurt will have minimal standalone infrastructure, with mineralized material to be trucked to and processed at the nearby Aği Daği infrastructure. The PEA assumes mineralized material from Çamyurt will be sequenced after Aği Daği has been depleted, resulting in a combined mine life of nearly 10 years between the two projects.
Çamyurt is expected to produce an annual average of 93,200 ounces of gold at mine-site all-in sustaining costs1 of $645 per ounce over a four year mine life. The project’s after-tax internal rate of return is estimated to be 253%, reflecting minimal initial capital requirements of approximately $10 million.
As more detailed economic studies are completed on Çamyurt, we will assess opportunities to both accelerate the processing of the Çamyurt mineralized material before the end of the mine life at Ağı Dağı, as well as to build a standalone crushing circuit and leach pad facility at Çamyurt, which would reduce haulage and mining costs. Production from Çamyurt is subject to a 2% net smelter return royalty payable to Franco-Nevada Corporation.
Source: https://www.alamosgold.com/operations/development-projects/turkish-development-projects/default.aspx
|
Development Boomtruck Operator
- Safely move material as directed. Report and document all material moved accurately to his/her Supervisor;
- Accurately report to supervisor the material needed in storage areas U/G
Rock Breaker Operator
- Operate rock-breaker;
- Perform pre-op and post-op inspections on equipment
Scissordeck Bolter
- Install ground support as per company standard;
- Install and maintain services;
- Load development rounds
Ground Control Engineer
- QAQC of shotcrete, ground support installation, grouting, ground support auditing and paste fill;
- Document inspections of underground stoping and development;
- Rock mass characterisation and classification
Mine Engineer
- Assist with blast improvement investigations;
- Look for opportunities to improve efficiencies;
- Provide guidance to EIT’s
Construction Miner - Transmixer
- Operate equipment such as transmixer and shotcrete sprayer;
- Assist in installation, modification and repairs of UG infrastructures
Geological Technician/or Junior Geologist
- 3D digitizing of underground geological mapping and integration into 3D mining software.
- Digitize geological surface geological mapping lithology, structure and mineralization
- Digitize chip sampling of ore development headings as required
Mill Operator/Labourer
- Works and ensure all workers work in compliance with the Occupational Health & Safety Act, Regulations for Mines and Mining Plants and all other applicable government standards and regulations;
- Adheres to and enforces all safety and environmental considerations
Document Control Coordinator - Phase III
- Implement document and data management solutions with a primary focus on workflow, document control, information security and records management.
- Provide ongoing training and support to end users in the use of the document management system.
- Ensure project and operations teams comply with the document management requirements and procedures
Project Controls Manager - Phase III
- Development and implementation of project controls systems and procedures.
- Working with accounting personnel to ensure accurate reporting and approval of accruals, forecasts, and project status.
- Early identification and notification of deviations and variances to project baseline schedule and spend