Yenipazar Project — 2014 Technical Report

This technical report presents the results of an optimization study for the Yenipazar polymetallic project located in Yozgat Province, Turkey, with an effective date of April 15, 2014.

Report context

The Yenipazar Project Optimization Study technical report was prepared for Aldridge Minerals Inc. with an effective date of April 15, 2014, and a signing date of May 23, 2014. The report documents an optimization study building upon prior feasibility work, the most recent being the "Technical Report and Feasibility Study on the Yenipazar Polymetallic Project, Yozgat Province, Turkey" with an effective date of April 3, 2013. The project is a polymetallic deposit situated in Yozgat Province, Turkey.

Processing route

Comminution

The processing plant design includes a grinding circuit for mill feed. Testwork for grinding circuit design was conducted by Orway Mineral Consultants Canada Ltd., with Aron Cleugh, P.Eng., as the qualified person responsible for item 13.2 of the report and co-authoring content pertaining to mill feed grinding in the process plant.

Metallurgical testing

Metallurgical testing for plant design purposes was overseen by Michael Peter Hallewell, C.Eng., of SGS Minerals Services UK Ltd., who served as Principal Metallurgist. Hallewell assumed responsibility for item 13.5 of the report. The testwork programme was designed to provide data for process plant design and recovery method determination.

Recovery methods

The recovery methods section of the report (Item 17, excluding 17.3) was Graham Holmes, P.Eng., who served as Senior Process Specialist – Mineral Processing with Jacobs Minerals Canada Inc. The process plant design was developed based on the metallurgical testwork results and comminution testwork.

Key reported parameters

Parameter Value Basis
Effective date of report April 15, 2014 Report date
Signing date May 23, 2014 Report date
Project location Yozgat Province, Turkey Report section
Previous feasibility study effective date April 3, 2013 Prior report
Mineral processing testwork laboratory SGS Minerals Services UK Ltd. Testwork
Grinding testwork consultant Orway Mineral Consultants Canada Ltd. Testwork
Process plant design engineer Jacobs Minerals Canada Inc. Proposed design
Mining method Open pit Proposed design

Project website: https://www.cvkmadencilik.com/en/yenipazar-polymetallic-mining-project

Technical qualifications

This technical report has been prepared in accordance with National Instrument 43-101 Guidelines for Technical Reports. The report relies on testwork data from SGS Minerals Services UK Ltd. and Orway Mineral Consultants Canada Ltd. for metallurgical and comminution testwork respectively. The process plant design was developed by Jacobs Minerals Canada Inc. The report does not present historical operating data from the project site as no such data is documented in the source material. All processing parameters presented are derived from either proposed design or testwork as indicated in the key parameters table.

Source: Technical Report on the Yenipazar Optimization Study, Yozgat Province, Turkey, effective April 15, 2014. Sections 1, 2, 3, 13, 16, and 17.

Mineral processing basics

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