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We have moved:
701 West Georgia Street, Suite #1500
Vancouver, BC
V7Y 1C6

Abacus Mining and Exploration Corp.

Abacus is a mineral exploration and mine development company focused on Copper and Gold in North America, with an advanced porphyry Cu-Au project in B.C.and an exploration focus on porphyry Cu  in Nevada.

Cornerstone B.C. Porphyry Asset: Ajax

  • 20% ownership interest in the advanced stage Ajax copper-gold porphyry project located near Kamloops, managed by 80% partner KGHM Polska Miedź S.A.
  • Abacus carried through production

Project Summary from 2016 Feasibility Study:

  • Total proven and probable mineral reserves of 2.7 bil lbs Cu, 2.6 mil oz Au and 5.3 mil oz Ag at 0.29% Cu, 0.19 g/t Au and 0.39 g/t Ag.*
  • 18 year mine life at avg processing rate of 65,000 tpd; overall stripping ratio of 2.65:1
  • Avg annual production of Cu and Au in concentrate of 58,000t Cu and 125,000 oz Au
  • Initial capital expenditures of $1.307 billion
  • Pre-tax NPV (8%) = $429.4 M Pre-tax NPV (5%) = $872.5 M
  • Pre-Tax IRR 13.4%; payback (years) 6.5
*Based on LOM metal prices of Cu: US$3.21/lb, Au: US$1,200/oz, Ag: US$17/oz

Significant Nevada Porphyry Project: Willow

  • Drilling by Abacus has intersected the Luhr Hill granite, the host rock to the porphyry Cu deposits
  • Large Cu-Mo porphyry target intersected by 4 holes, all containing long intervals of low-grade Cu
  • First new porphyry discovery in the Yerington Cu camp in +40 years
  • The Target remains poorly tested by drilling
  • Willow has excellent access and infrastructure
  • Adjacent to large Ann Mason Deposit (Hudbay Minerals)

Management

  • Experienced management led by Paul G. Anderson and Michael McInnis
  • Highly regarded Board of Directors and Advisors