joint venture in gold mining zenith solutions

about wafi-golpu joint venture

about wafi-golpu joint venture

Wafi Mining Limited and Newcrest PNG 2 Limited, both established under the laws of Papua New Guinea are 50:50 participants in the unincorporated Wafi-Golpu Joint Venture. The ultimate parent company of Wafi Mining Limited is Harmony Gold Mining Company Limited. The ultimate parent company of Newcrest PNG2 Limited is Newcrest Mining Limited.

Harmony Gold Mining Company Limited (Harmony), a gold mining and exploration company, conducts its activities in South Africa, one of the world's best-known gold mining regions, and in Papua New Guinea, one of the world's premier new gold-copper regions. Harmony, which has more than six decades of experience, was South Africa's third largest gold producer in FY17.

Harmonys operations in South Africa comprise nine underground mines and several surface operations, focused on the world-renowned Witwatersrand Basin. In addition, we have an open pit mine on the Kraaipan Greenstone Belt.

In Papua New Guinea, Harmony operates the Hidden Valley open-pit gold and silver mine and has a 50:50 joint venture participating interest with Newcrest Mining Limited in the Wafi-Golpu project, both of which are located in the Morobe Province.

Newcrest Mining Limited is the largest gold mining company in Australia and one the worlds top 10 gold companies by market capitalisation and resource and reserves, with current exploration, development and/or mining interests in Australia, Papua New Guinea, Indonesia, Fiji and West Africa. Newcrest shares are listed on the Australian Securities Exchange (ASX) and the Port Moresby Stock Exchange (POMSoX). Newcrest is the largest gold company listed on the ASX and the largest company listed on the POMSoX.

Newcrests existing interests in Papua New Guinea include the Lihir Gold Mine (Newcrest, 100%); the WGJV (Newcrest 50%); and the Morobe exploration unincorporated joint venture (Newcrest 50%), as well as a prospective early stage exploration project at Wamum.

During the year ended 30 June 2016, Newcrest produced 2.439Moz of gold (FY15: 2.42Moz), 83,070 tonnes of copper (FY15: 96,816 tonnes). For the year ended 30 June 2016, Newcrest generated total sales revenue of USD3.395 billion (FY15: 3.604 billion), delivering a net profit after tax of USD323 million (FY15: 424 million).

The Wafi-Golpu Joint Venture brings together the combined experience and technical resources of both Harmony Gold Mining Company Limited and Newcrest Mining Limited, delivering extensive experience in exploration and capital project development activities, including underground and open pit mining methods.

The combined experience of Harmony Gold Mining Company Limited and Newcrest Mining Limited in underground mining, with established large underground mining operations in South Africa, in the case of Harmony, and Australian and Indonesia, in the case of Newcrest, is of importance to the Wafi-Golpu Joint Venture in the potential development of the Wafi-Golpu Project, particularly in the bulk underground mining technology known as block caving.

WGJV recognises the importance of contributing to the development of Papua New Guinea and host communities as part of the mutually beneficial and sustainable development of a safe and competitive multi-generational mining venture in the Morobe Province.

dentons - mining joint ventures

dentons - mining joint ventures

Contemplating strategies to accelerate project development and diversify risk in your mining project? A joint venture, allowing for the pooling of capital and skill sets, sharing of financial and operational risk and leading to successful long-term strategic relationships, might be the answer you seek. When you partner with Dentons on your joint venture, we start by understanding the business goals of all parties. On this foundation, we craft a structure that achieves your commercial, tax, trade and regulatory objectives.

You benefit from our extensive experience with all types of joint ventures, including: contractual joint ventures, corporate or other limited liability joint ventures, partnerships, limited partnerships and co-ownership arrangements. We help you negotiate the right governance and funding structure, non-competition arrangements and exit conditions to help avoid disputes later on. Recognizing that joint ventures are often the first point of entry into a new geography, you can leverage our global platform to navigate local legal requirements, including foreign ownership restrictions.

Dentons lawyers are familiar with all forms of agreements, including the Form 5 of the Rocky Mountain Mineral Law Foundation, which sets a basic standard for mining joint venture agreements in the United States and elsewhere. We advise clients on compliance with the national laws of European countries and EU mining and environmental directives. Our experience extends to negotiating complicated corporate joint ventures involving offshore holding companies and unique requirements in several foreign jurisdictions. We have prepared and reviewed numerous marketing, royalty and offtake agreements for clients located in North and South America, for projects involving base and precious metals, coal and industrial minerals.

As mining companies grapple with digital disruptions, economic sanctions and capital constraints, making better decisions becomes key to driving business forward. Our mining leaders demonstrate what the new frontier of change looks like for the mining sector and how your company can navigate these changes.

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newmont, agnico form 50:50 joint venture for exploration in colombia

newmont, agnico form 50:50 joint venture for exploration in colombia

US gold and copper producer Newmont Mining and Canadian firm Agnico Eagle have formed a 50-50 joint venture (JV) in Colombia to explore the Mid-Cauca belt, in the countrys northwest. Operated by Agnico Eagle, the JV will explore the Anz project as well as advance other gold targets of district-scale potential in Colombia. The Anz project comprises exploration concessions and concession applications, covering more than 200km2 area in the Mid-Cauca belt. It is 50km west of Medellin and 60km south from Chinese firm Zijin Minings Buritic project. In July last year, South American-focused gold development and exploration company Orosur Mining started exploration activities at the Anz project. The activities at the project site were initiated as part of an agreement with venture option with Newmont s subsidiary Newmont Colombia. Newmont president and CEO Tom Palmer said: We are excited to partner with Agnico Eagle to further advance exploration opportunities in this highly prospective region in Colombia. Our companies share similar views of safe and responsible mining practices with proven expertise in Greenfields exploration areas. According to the companies, Agnico will sole fund the JV until it equals the US producers previous investment in the Anza project of about $2.9m. After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

Operated by Agnico Eagle, the JV will explore the Anz project as well as advance other gold targets of district-scale potential in Colombia. The Anz project comprises exploration concessions and concession applications, covering more than 200km2 area in the Mid-Cauca belt. It is 50km west of Medellin and 60km south from Chinese firm Zijin Minings Buritic project. In July last year, South American-focused gold development and exploration company Orosur Mining started exploration activities at the Anz project. The activities at the project site were initiated as part of an agreement with venture option with Newmont s subsidiary Newmont Colombia. Newmont president and CEO Tom Palmer said: We are excited to partner with Agnico Eagle to further advance exploration opportunities in this highly prospective region in Colombia. Our companies share similar views of safe and responsible mining practices with proven expertise in Greenfields exploration areas. According to the companies, Agnico will sole fund the JV until it equals the US producers previous investment in the Anza project of about $2.9m. After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

The Anz project comprises exploration concessions and concession applications, covering more than 200km2 area in the Mid-Cauca belt. It is 50km west of Medellin and 60km south from Chinese firm Zijin Minings Buritic project. In July last year, South American-focused gold development and exploration company Orosur Mining started exploration activities at the Anz project. The activities at the project site were initiated as part of an agreement with venture option with Newmont s subsidiary Newmont Colombia. Newmont president and CEO Tom Palmer said: We are excited to partner with Agnico Eagle to further advance exploration opportunities in this highly prospective region in Colombia. Our companies share similar views of safe and responsible mining practices with proven expertise in Greenfields exploration areas. According to the companies, Agnico will sole fund the JV until it equals the US producers previous investment in the Anza project of about $2.9m. After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

It is 50km west of Medellin and 60km south from Chinese firm Zijin Minings Buritic project. In July last year, South American-focused gold development and exploration company Orosur Mining started exploration activities at the Anz project. The activities at the project site were initiated as part of an agreement with venture option with Newmont s subsidiary Newmont Colombia. Newmont president and CEO Tom Palmer said: We are excited to partner with Agnico Eagle to further advance exploration opportunities in this highly prospective region in Colombia. Our companies share similar views of safe and responsible mining practices with proven expertise in Greenfields exploration areas. According to the companies, Agnico will sole fund the JV until it equals the US producers previous investment in the Anza project of about $2.9m. After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

In July last year, South American-focused gold development and exploration company Orosur Mining started exploration activities at the Anz project. The activities at the project site were initiated as part of an agreement with venture option with Newmont s subsidiary Newmont Colombia. Newmont president and CEO Tom Palmer said: We are excited to partner with Agnico Eagle to further advance exploration opportunities in this highly prospective region in Colombia. Our companies share similar views of safe and responsible mining practices with proven expertise in Greenfields exploration areas. According to the companies, Agnico will sole fund the JV until it equals the US producers previous investment in the Anza project of about $2.9m. After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

Newmont president and CEO Tom Palmer said: We are excited to partner with Agnico Eagle to further advance exploration opportunities in this highly prospective region in Colombia. Our companies share similar views of safe and responsible mining practices with proven expertise in Greenfields exploration areas. According to the companies, Agnico will sole fund the JV until it equals the US producers previous investment in the Anza project of about $2.9m. After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

Our companies share similar views of safe and responsible mining practices with proven expertise in Greenfields exploration areas. According to the companies, Agnico will sole fund the JV until it equals the US producers previous investment in the Anza project of about $2.9m. After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

According to the companies, Agnico will sole fund the JV until it equals the US producers previous investment in the Anza project of about $2.9m. After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

After that, the two companies will continue funding exploration activities on an equal basis. Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

Agnico Eagle Exploration senior vice-president Guy Gosselin said: Historical work on the project indicates the potential for various styles of mineralization, including porphyry, epithermal and VMS. Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

Agnico Eagle has been actively looking at Colombia for some time, and this low-cost entry is consistent with our exploration strategy and existing investment in Royal Road Minerals. Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

Last week, Newmont signed a definitive agreement to sell a portfolio of 11 pre-production royalties to precious metals royalty and streaming company Maverix Metals. Related Companies Modular Mining Intelligent Mine Management Solutions 28 Aug 2020 Visit Profile Niva-Holding Innovative Mining Equipment 28 Aug 2020 Visit Profile Dust Solutions, Inc. Dust Suppression Technologies for Mining Applications 28 Aug 2020 Visit Profile

first mining's joint venture partner completes stage 1 earn-in for the pickle crow gold project, ontario, canada

first mining's joint venture partner completes stage 1 earn-in for the pickle crow gold project, ontario, canada

VANCOUVER, BC, June 9, 2021 /PRNewswire/ -First Mining Gold Corp. ("First Mining" or the"Company")(TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to report that Auteco Minerals Ltd ("Auteco") (ASX: AUT) has completed the first stage of its earn-in with respect to the Pickle Crow Gold Project located in northwestern Ontario, Canada ("Pickle Crow"). In connection with the completion of Stage 1 of the earn-in, Auteco has issued 100,000,000 shares of Auteco to First Mining. As a result of completing Stage 1 of the earn-in, Auteco (through one of its subsidiaries) now owns a 51% interest in PC Gold Inc. ("PC Gold"), First Mining's wholly-owned subsidiary that owns Pickle Crow. In addition, the parties have executed a joint venture shareholders agreement (the "JV Agreement") in respect of PC Gold. Auteco has a two-year follow-on period, commencing as of June 4, 2021, within which to acquire an additional 19% interest in PC Gold (the "Stage 2 Earn-In").

"First Mining is delighted by the excellent progress Auteco has made on Pickle Crow in such a short period of time." stated Dan Wilton, CEO of First Mining. "With this latest issuance of shares, First Mining now owns 125 million shares of Auteco with an approximate fair value of $10.5 million. The Auteco team's timely completion of Stage 1 of the earn-in and their equally aggressive target for completing Stage 2 demonstrates the calibre of partner we have engaged to help unlock the value of one of the exceptional projects in our portfolio."

"We have completed the Stage 1 earn-in requirements for a 51% stake in the Pickle Crow Project, and it is a testament to the dedication of our team that we have achieved this within the first year of taking management responsibility for the project" commented Ray Shorrocks, Auteco's Executive Chairman. "We are continuing to drill flat out, with several rigs targeting areas of known, high-grade mineralization to bring them into the resource, with mineralization open in all directions. We look forward to working with First Mining to continue advancing the Pickle Crow Gold Project."

Under the terms of the earn-in agreementthat First Mining signed with Auteco with respect to Pickle Crow,in order to complete the Stage 2 Earn-In, Auteco must fulfil the following requirements within the next two years: (i) incur a further $5 million in exploration expenditures (the "Additional Expenditures"); and (ii) pay $1,000,000 in cash to First Mining within 90 days of completing the Additional Expenditures. In addition, upon completing the Stage 2 Earn-In, Auteco will grant First Mining a 2% net smelter returns ("NSR") royalty on Pickle Crow, 1% of which can be bought back by Auteco paying US$2,500,000 to First Mining. Once the Stage 2 Earn-In has been completed, Auteco will have the right to acquire a further 10% of PC Gold by paying $3,000,000 in cash (the "Buy-In") to First Mining. During the term of Auteco's earn-in to Pickle Crow, First Mining will be free carried until a decision to mine has been made, and will not be required to make any financial expenditures relating to Pickle Crow until such time.

The current 45,000-metre drill program remains on track for completion by mid-year, with up to five rigs active on site at Pickle Crow during the last quarter. To date, Auteco has completed 120 diamond drill holes for 31,160 metres, focusing exclusively on near mine extensions and discovery of mineralized structures outside of the resource area. In the short term, drilling has transitioned toward infill drilling aiming to provide sufficient data density on newly identified or extended structures to enable the calculation of an updated mineral resource estimate for Pickle Crow.

Autecois well funded with cash reserves of A$26.8M as at March 31, 2021, and is on track to execute the remaining earn-in requirements to earnup to an 80% interest in PC Gold (and thereby, Pickle Crow) by the end of this calendar year. OnceAutecohas fulfilled all requirements of the earn-in agreement,First Miningwillholda20% interest inPC Gold (and thereby,Pickle Crow)which will befreecarried until the earlier of the termination of theearn-inagreement or adecision to mine by Auteco.

Drilling completed in the first quarter of 2021 has identified several new, high-grade gold veins and the extensions of previously known structures proximal to Shafts 1 & 3. Mineralization remains open in all directions on targeted structures, and Auteco's work will now focus on defining high-grade gold shoots within the mineralized envelopes. Drill highlights and assay results will be reported in a future news release.

About Pickle CrowThe Pickle Crow Gold Deposit is a high-grade, shear-hosted, mesothermal Archean lode gold deposit. The deposit occurs primarily within maficvolcanicsand banded iron formation (BIF) units in the Pickle Crow assemblage of the Pickle Lake Greenstone beltlocatedin theUchiLake Sub-province of the Superior Craton of the Canadian Shield.

Mineralization is focusedaroundsteeplynorth-westdipping, regional scale shear zones. Multiple mineralization styles have been identified on the property, including Quartz-Gold-Tungsten (+/-Tourmaline) Shear Veins which are the focus of the current exploration, andbandedironformation mineralization (BIF-style), which comprises structurally controlled, sheeted vein arrays hosted within the BIF.

Pickle Crow was one of Canada's highest-grade historical gold mines. It operated from 1935 until 1966, during which time it reportedly produced almost 1.5 million ounces of gold at an average grade of 16.14 g/t. The property consists of ~190 km2(19,000 hectares) of tenure covering a major gold province. Auteco recently increased its landholding near the Project by acquiring an additional 176 km2(176,000 ha) of land contiguous to Pickle Crow, which, together with the 130 km2 acquired by Auteco in 2020 (see news release dated February 17, 2021) increases the combined property's land package to over 496 km2(496,000 ha) (see news releasedatedJanuary 28, 2021). First Mining acquired Pickle Crow in November 2015 through its acquisition of PC Gold Inc.

Auteco'sdevelopment focus is on returning to first principles, completing a new geologicalreview,and applying modern exploration technologies in their advancement of Pickle Crow. Auteco has a strong focus on discovering and developing new project scale, high-grade, near surface goldresources.

AboutAutecoAutecoMinerals Limited is a mineral exploration company currently focused on advancing high-grade gold resources at the PickleCrowGold Project in the world classUchiSub-province of Ontario, Canada. TheAutecoBoard of Directors and Technical Management team has a proven track record of discovering gold and creating wealth for shareholders and all stakeholders in recent years.

Qualified PersonHazel Mullin, P.Geo., Director, Data Management and Technical Services of First Mining, is a "Qualified Person" for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), and she has reviewed and approved the scientific and technical disclosure contained in this news release.

About First Mining Gold Corp.First Mining is a Canadian gold developer focused on the development and permitting of the Springpole Gold Projectin northwestern Ontario.Springpoleis one of the largest undeveloped gold projects in Canada. The results of a positive Pre-Feasibility Study for the Springpole Gold Project were announced by First Mining in January 2021, and permitting activities are on-going with submission of anEnvironmental Impact Statementfor the project targeted for 2021.The Company also has a number of active partnerships including the Goliath Gold Complex (Treasury Metals); Pickle Crow (Auteco Minerals); and Hope Brook ( Big Ridge Gold), in addition to wholly owned properties, Cameron, Duparquet, Duquesne and Pitt.

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions.

Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: (i) timing for Auteco to incur the Additional Expenditures on the Pickle Crow Project; (ii) timing for Auteco to pay $1 million to First Mining in respect of the Stage 2 Earn-In; (iii) the grant by Autecoof a 2% NSR to First Mining over the Pickle Crow Gold Project and the timing for such grant; (iv) timing for the exercise by Auteco of the Buy-In; (v) timing of the release of assay results from the current 45,000 m drill program at thePickle Crow Gold Project; (vi) Auteco's plans to transition its drill program to infill drilling and resource definition once the current 45,000 m drill program has been completed; (vii) timing for updates to the current mineral resource estimate for the Pickle Crow Gold Project; and (viii) Auteco focusing on defining high-grade gold shoots within the mineralized envelopes at the Pickle Crow Gold Project and any potential increase in the number of Inferred Mineral Resources for the project as a result. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation:regulatory approvals; shareholder approval fromAutecoshareholders; receipt of necessary financing byAuteco;the presence of and continuity of metals atthe Pickle Crow Gold Projectat estimated grades; success in realizing proposed drilling programs; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollaror Australian dollar); changesin national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration and exploration drilling programs, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2019 filed with the Canadian securities regulatory authorities under the Company's SEDAR profile at www.sedar.com, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR.

First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law.

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all resource and reserve estimates included in this news release have been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum 2014 Definition Standards on Mineral Resources and Mineral Reserves. NI 43-101 is a rule developed by the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the SEC, and mineral resource and reserve information contained herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, the term "resource" does not equate to the term "reserves". Under U.S. standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve determination is made. The SEC's disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by U.S. standards in documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an "inferred mineral resource" will ever be upgraded to a higher category. Under Canadian rules, estimated "inferred mineral resources" may not form the basis of feasibility or pre-feasibility studies except in rare cases. Investors are cautioned not to assume that all or any part of an "inferred mineral resource" exists or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in-place tonnage and grade without reference to unit measures. The requirements of NI 43-101 for identification of "reserves" are also not the same as those of the SEC, and reserves reported by the Company in compliance with NI 43-101 may not qualify as "reserves" under SEC standards. Accordingly, information concerning mineral deposits set forth herein may not be comparable with information made public by companies that report in accordance with U.S. standards.

jv article: how to mine the future with illumiti erp solutions

jv article: how to mine the future with illumiti erp solutions

To build and run a successful mining operation has never been more complicated sustainability, workforce management, supply chain constraints, and community engagement are constant challenges. Those needs come on top of the standard finance, procurement, inventory and maintenance needs shared by all operators. And the future looks even more challenging.

Fortunately, Illumiti enables better business outcomes with cost-effective, digital solutions to enterprise resource planning (ERP) that harness the power of the cloud and puts improved productivity at the operators fingertips.

Illumiti does this by taking SAP software and tailoring it to the core activities common at all mines and mills. By digitizing the core, process efficiencies are gained, decision making is improved, costs are controlled, revenues grow, and employees are empowered.

No matter where in the world they are, most mines perform core processes in the same manner finance, procurement, inventory and maintenance, Illumitis head of its mining division Rory Friedman told The Northern Miner.

Our goal is to leverage industry best practices and implement a system as quickly and responsibly as possible. This accelerates time to value and gives various stakeholders visibility into what is actually happening, giving them a platform to continuously improve over time.

Companies setting out to establish ERP protocols for their sites often fall into the trap of thinking that they have to create the perfect system. Such an approach necessitates making hundreds of decisions upfront and taking as long as two years before improvements to the business are seen, he said.

The software is generally introduced as early as the post feasibility study, before construction begins. The modular nature of the template means that the capabilities needed earliest can be implemented first and additional capabilities added as the mining operation matures. By the time production starts, the core modules are in place and customized to the unique needs of the project.

You learn by doing and by using, Friedman said. Our goal is to implement the templated solution and make it perfect as you use it. You focus on what you actually need, not on what you think you need.

He likens implementing ERP to building a house. Once the elements common to all houses the foundation, roof, electrical and plumbing are in place, owners can move in. Then the focus moves to interior design and decorating to create a unique space.

Entering data is done on a tablet in the field. A maintenance superintendent can walk through the mill, for example, and pull up history on a piece of equipment, see if parts are available, and generate a maintenance request. Gone are the days of returning to the office (which may be miles away) and entering data manually from notes jotted on paper.

The digitized approach helps eliminate errors that may creep in when a second party is entering data. This frees the supervisor or manager to become more of a problem solver because he/she can look at the operation as a whole and trust the software to organize the data.

We can knock down the silos between finance, supply chain and maintenance. This allows our clients to create better integrations between stakeholders across a business process creating holistic efficiencies and thereby streamlining the operation, he added.

Process automations and machine learning can be leveraged in a variety of areas, one of which is to scan incoming accounts payable (AP) invoices quickly and accurately then allowing the system to perform a three-way match against goods or services received. This frees up staff to manage by exception and focus on analysis of data as opposed to data entry.

Gone are the days of extracting data into multiple spreadsheets and performing various analyses. Using the standard embedded key performance indicators (KPIs), SAP allows a business to set targets across process chains and also perform peer comparisons setting the stage for improvement. Because all the data is in one system, drilling down to get necessary information and understanding the root cause of a problem is simpler with ad hoc reporting and advanced analytical capabilities.

emmerson and tcmg expand tennant creek joint venture | global mining review

emmerson and tcmg expand tennant creek joint venture | global mining review

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Save to read list Published by Will Owen, Deputy Editor Global Mining Review, Thursday, 03 June 2021 11:30

This new Joint Venture over the Southern Project Area with the Tennant Consolidated Mining Group (TCMG) is a logical extension and consolidation of our alliance on the Northern Project Area. TCMG have demonstrated a track record of meeting their JV commitments and continue to be a valued partner that are working with Emmerson to rapidly recommence gold production and development of the Tennant Creek Mineral Field.

This new exploration and mining JV over the SPA has clear hurdles, including a minimum production of 30 000 oz of gold, in addition to that required under the Northern Project Area Agreement. Such that both require a minimum of 60 000 oz within their respective five-year periods. The exploration earn-in and JV will combine Emmersons experience and technical expertise with significant funding to discover new deposits and extend existing deposits.

In parallel, TCMG has consolidated several other projects in the Tennant Creek region and intends to unlock value through building a large, central, modern processing facility. The location and size of this new facility is the subject of current studies. Emmerson is encouraged by the diligent, long-term approach being taken by TCMG to realising full value from one of Australias premier goldfields.

Emmerson has a strategic land package in the Tennant Creek Mineral Field with clear production potential, which aligns with our consolidation strategy and establishing a modern processing facility to unlock these stranded assets.

In this webinar, Chris Pearson, Group Business Development Director at MMD Group, will discuss in detail their Fully Mobile Surge Loader (FMSL), its key requirements, and implementation considerations.

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In this webinar, Chris Pearson, Group Business Development Director at MMD Group, will discuss in detail their Fully Mobile Surge Loader (FMSL), its key requirements, and implementation considerations.

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