Venerable awards tradeoff, engineering studies for Minto

Executive Summary

• Venerable Ventures Ltd. (doing business as Selkirk Copper Mines) has awarded tradeoff study and engineering work packages to Hatch Ltd. and SRK Consulting (Canada) Inc. to advance the potential restart of the former Minto copper-gold-silver mine.
• The study aims to develop a pragmatic and cost-efficient restart plan, with a target decision timeline for mining, mineral processing, and site operations in early 2027.
• The awarded packages cover mine planning, mining, metallurgy, facilities, study integration (Hatch), and water management, tailings, and waste rock management (SRK).

Key Details

• Contractor Awards:
  • Hatch Ltd.: Awarded tradeoff study and engineering work packages for mine planning, mining, metallurgy, facilities, and study integration.
  • SRK Consulting (Canada) Inc.: Awarded work packages for water management, tailings, and waste rock management.
• Project Scope: The work focuses on the potential restart of the former Minto copper-gold-silver mine.
• Timeline:
  • The team aims to bring tradeoff study and engineering work packages together by early Q2 2026.
  • The company is pursuing a potential restart decision for mining, mineral processing, and site operations in early 2027.
• Strategic Approach: The company describes the approach as "methodical, well-informed and staged," leveraging previous experience of both contractors at the site to re-evaluate engineering designs and identify optimal environmental, social, and technical outcomes.
• Stakeholder Engagement: The restart plan involves collaboration with regulators, government, the Selkirk First Nation, and other stakeholders.

Notable Quotes

• M. Colin Joudrie, President and CEO: "Having the calibre of professionals from the Hatch and SRK organizations join the Selkirk Copper team to advance important tradeoff study work underpins our commitment to a methodical, well-informed and staged approach to pursue a potential restart decision of mining, mineral processing and site operations at the former Minto copper-gold-silver mine in early 2027."
• Scott Fulton, Vice-President of Projects and Engineering: "I look forward to bringing these tradeoff study and engineering work packages together by early Q2 2026."