McIlvenna Bay

Targeting Critical Mineral Production

McIlvenna Bay is a critical mineral development project, host to a significant and scalable resource located in Saskatchewan, Canada, which is one of the world’s premier mining jurisdictions.

McIlvenna Bay is the largest undeveloped VHMS deposit along the prolific Flin Flon Greenstone Belt.

With Probable Mineral Reserves of 29.7 Mt containing 793 million pounds of copper and 1.4 billion pounds of zinc included in a Mineral Resource of 39 million Indicated tonnes grading 2.02% CuEq for 1.0 billion pounds of copper and 1.9 billion pounds of zinc and 5 million Inferred tonnes grading 1.8% CuEq for 93 million pounds of copper and 260 million pounds of zinc.

The McIlvenna Bay Project is designed around a newly defined reserve accessed by new development and shares geologic characteristics similar to other major mines along the Flin Flon Greenstone Belt. The Deposit remains open and regional exploration continues to demonstrate the exciting potential for future growth.

Clean, Safer, and Efficient

The mine is being designed to take advantage of the latest technological advances as well as planning for future improvements, reducing our emissions and making the mine even safer and more efficient.

Clean power provided by two nearby hydroelectric dams reduces our operational emissions.
A fleet of underground electric vehicles provides low-emission transportation and a cleaner, safer work environment.
State of the art tailings storage facility and paste backfill operation will reduce our carbon footprint and greatly reduce environmental impact.

Key Stats

20,900

Hectare licence area.

85km

West of Creighton, Saskatchewan via provincial highway.

100%

Owned by Foran.


Grading at 2.02% Copper Equivalent:

1.19%

Copper

2.18%

Zinc

0.41g/t

Gold

14g/t

Silver

Contains:

1.02 billion lbs Cu

1.9 billion lbs Zn

510,000 oz Au

18.0 million oz Ag


Grading at 1.77% Copper Equivalent:

0.93%

Copper

2.60%

Zinc

0.28g/t

Gold

16g/t

Silver

Contains:

93 million lbs Cu

260 million lbs Zn

40,000 oz Au

2.3 million oz Ag


Location and Infrastructure

Foran’s 20,900 hectare McIlvenna Bay Property is located in east-central Saskatchewan, approximately 65 km west of Flin Flon, Manitoba (85 km by road).

The McIlvenna Bay deposit and Foran’s exploration camp are road-accessible, located 85 km west of Flin Flon via Provincial Highway 106 and 17 km south on the Hanson Lake all-weather gravel road. Power lines run the length of the Hanson Lake gravel road to the McIlvenna Bay deposit.

The mining town of Flin Flon (pop. 5,600), is the largest commercial/residential centre in the area and a railhead on the Hudson Bay railway. The Flin Flon airport has regular commercial air service to Winnipeg.

Foran properties map legend

Ownership

Foran has a 100% interest in the McIlvenna Bay property, with some of the claims subject to a Net Tonnage Royalty of $0.75 per tonne of ore extracted, with Foran holding a right of first refusal if an offer to purchase the Net Tonnage Royalty is made.