Cautionary Statement on Forward-Looking Information
The materials on this website contain “forward-looking statements” and “forward-looking information” (collectively, “forward-looking information”) including without limitation statements relating to mineral reserve estimates, mineral resource estimates, realization of mineral reserve and resource estimates, capital and operating cost estimates, project and life of mine estimates, construction of the mine and related infrastructure, the timing and amount of future production, costs of production, success of mining operations, ability to obtain permitting by the time targeted, size and ranking of project upon achieving production, economic return estimates and potential upside and alternatives. Readers should not place undue reliance on forward-looking information.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Dumont to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. The Feasibility Study results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. Even with the completion of the Feasibility Study, there are no assurances that Dumont will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking information, refer to the full Feasibility Study, prepared as an NI 43-101 compliant technical report, available under the Studies and Reports section of this website.
Although Waterton Global Resource Management, Inc. (together with all of its affiliated and associated entities and representatives, “Waterton”) has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Waterton disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
Unless otherwise stated, all references to $ or “dollars” on this website refer to the lawful currency of the United States of America.
Disclaimer
The information on this website (the “Information”) is provided for informational purposes only and is not and may not be relied on in any manner as legal, technical or investment advice. The Information should not be considered an offer to purchase or sell securities nor be used in the furtherance of any trade of securities. Waterton expressly disclaims any and all liability for all representations and warranties, expressed or implied, contained in, or for omissions from, the Information or any other written or oral communication transmitted to any interested party in connection with the Information so far as is permitted by law. In particular, but without limitation, no representation or warranty is given as to the achievement or reasonableness of, and absolutely no reliance should be placed on, any data, projections, estimates, forecasts, analyses or forward-looking statements contained in the Information which involve by their nature a number of risks, uncertainties or assumptions that could cause actual results or events to differ materially from those expressed or implied in the Information. Waterton shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of their reliance on any statement in or omission from the Information, along with other data furnished in connection therewith, and any such liability is expressly disclaimed. Waterton reserves the right to amend or replace the Information at any time but undertakes no obligation to update any of the contents of the Information or to correct any inaccuracies that may become apparent following the date hereof. The unauthorized dissemination of the Information (in whole or in part) is prohibited. Nothing in the Information is to be taken as any form of commitment or promise on the part of Waterton to enter into any contract or otherwise create any other form of legally binding obligation or commitment.
NI-43-101 Compliance
The technical information with respect to the Dumont project on this website has been prepared in accordance with Canadian regulatory requirements by, or under the supervision of, Paul Staples, P.Eng., of Ausenco, Chelsey Protulipac P.Geo., of SRK Consulting (Canada) Inc., Vu Tran, P.Eng. of Wood PLC and David P. Penswick, Eng., all of whom are independent Qualified Persons as set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
The Mineral Resource estimate set out on this website was classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (November 2010) by Chelsey Protulipac P.Geo., of SRK Consulting (Canada) Inc.
The Mineral Reserve estimate set out on this website was classified according to the CIM Definition Standards for Mineral Resources and Mineral Reserves (November 2010) by David Penswick, P.Eng.
Readers are advised that Mineral Resources not included in Mineral Reserves do not demonstrate economic viability. Mineral Resource estimates do not account for mineability, selectivity, mining loss and dilution. These Mineral Resource estimates include Inferred Mineral Resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that Inferred Mineral Resources will be converted to Measured and Indicated categories through further drilling, or into Mineral Reserves, once economic considerations are applied.
Based on the resource estimate, a standard methodology for pit limit analysis, mining sequence and cut-off grade optimization, including application of mining dilution, process recovery, economic criteria and physical mine and plant operating constraints has been followed to design the open pit mine and to determine the mineral reserve estimate for the deposit as summarized in the Mineral Reserve table.
The full Feasibility Study titled “Technical Report on the Dumont Ni Project, Launay and Trecesson Townships, Quebec, Canada” dated Dec 19, 2019, prepared as an NI 43-101 compliant technical report, is available under the Studies and Reports section of this website.