Resource World Magazine

F E B R U A R Y / M A R C H 2 0 1 9 www.resourceworld.com 41 4 3 2 CANADIAN MINING STOCKS gold production of 142,000 ounces over 11 years, pre-tax Internal Rate of Return (IRR) of 23.6%, Net Present Value (NPV) of $522 million and payback period of 3.6 years. The deposit's mineral resources include a total of 29.9 million measured and indicated tonnes grading 2.70 g/t gold and containing 2.59 million ounces. Monarques also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. It is one of the main cash- flow generating assets and provides a constant revenue stream for the company. The deposit is largely underexplored at depth and along strike providing the firm with great growth and investment poten - tial moving into 2019. CENTERRA GOLD INC. [CG-TSX] Centerra Gold is engaged in the opera- tion, development and acquisition of gold properties mainly in North America and Asia. The company's flagship assets include the long life, low-cost, gold- copper Mount Milligan Mine in British Columbia and the Kumtor Mine in the Kyrgyz Republic, which has produced more than 11.5 million ounces of gold between 1997 and 2017. The company is also currently con - structing its third gold mine, the Öksüt gold project in Central Anatolia, Turkey, which is expected to be producing gold in Q1 2020. In addition, the company's advanced-stage Kemess Underground Project in northern BC has recently released its latest feasibility study and the highlights include an after-tax NPV of $289 M and after-tax Net Cash Flow of $746 M and IRR of 12.6%. Centerra is the largest Western-based gold producer in Central Asia with com - pany-wide estimated proven and probable reserves totaling 16.3 million ounces of contained gold and 2,568 million pounds of contained copper as at December 31, 2017. The corporation's vision is to responsibly deliver sustainable value and growth through the development of late- stage properties and 2019 is looking very promising for the company. FIREWEED ZINC LTD. [FWZ-TSXV] Fireweed Zinc is focused on advancing the Macmillan Pass Project, hosting the Tom, Jason and Nidd zinc-lead-silver deposits located in the mining friendly jurisdic- tion of Yukon. The property is both road and air accessible via government main- tained gravel roads and the Macmillan Pass regional airstrip located on the property. In January 2018, the company announced an NI 43-101 resource estimate making the Macmillan Pass Project the largest undeveloped zinc-lead resource in the world held by a junior company with 11.2 million tonnes at 9.6% ZnEq indi - cated plus 39.5 million tonnes at 10.0% ZnEq inferred for the combined Tom and Jason deposits. In May of the same year, Fireweed also released a robust maiden Preliminary Economic Assessment (PEA) for the project including an after-tax NPV of $448-million and IRR of 24%. Later in 2018, the com - pany further consolidated the Macmillan Pass zinc district with the purchase and option of adjacent claims expanding its land position from 219 to 544 km 2 . A sig- nificant exploration upside remains on the property with large land packages still untested using modern exploration tech- niques, making Fireweed worth tracking in 2019. PURE GOLD MINING INC. [PGM-TSXV; LRTNF-OTC] Pure Gold Mining is focused on advanc- ing its flagship Madsen gold project in Ontario's Red Lake district. This prolific region has been recognized as one of the richest gold-producing areas of North America. The politically stable jurisdiction, with easy access to critical infrastructure, along with the company's 120 years of combined experience in its senior leader - ship team, make the Madsen Gold Project Jack Milton, Chief Geologist for Fireweed Zinc Ltd., explores the company's Macmillan Pass Project, the world's largest undeveloped zinc-lead resource located about 200 km northeast of Ross River, Yukon Territory. Photo courtesy Fireweed Zinc Ltd. Diversified Athabasca Basin Asset Base with Superior Development Leverage Denison's assets are highlighted by its 90% owned Wheeler River project, located in the infrastructure rich eastern por on of the Athabasca Basin region, in northern Saskatchewan, Canada. Host to the high-grade Phoenix and Gryphon uranium deposits, Wheeler River is the largest undeveloped uranium project in the eastern Athabasca Basin. In addi on, Denison owns a 22.5% interest in the McClean Lake uranium mill, a ~65% interest in the Waterbury Lake property, a strategic 25.17% interest in the Midwest project, and an extensive explora on project por olio covering ~320,000 hectares in the Athabasca Basin region. TSX: DML | NYSE American: DNN www.denisonmines.com @DenisonMinesCo

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