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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Production decision

This is how Teck describes the work done last year"  In addition, an integrated scoping-level engineering study was completed on select elements of the 2013 feasibility study targeting capital and operating cost reductions. The results of this study will be compiled in early 2020. " . A decision for Teck to carry out a Feasibilty Study as defined in the JV would be material to CUU and would need to be publically announced. Scoping level is far below feasibility level and does not allow the booking of reserves, which Teck hasn't done to date. I'd like Elmer to clarify the exact status of Schaft Creek but he has not disclosed so far.

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