Seabridge had initially deliberate to make use of diesel energy throughout development, with hydro energy included later from BC Hydro’s Northwest Transmission Line (NTL) for operations.
KSM will now connect with NTL at BC Hydro’s Treaty Creek Switching Station (TCT), at present beneath development, however anticipated to be accomplished earlier than the tip of 2024.
“Getting access to low-cost hydro energy is one in every of many logistical benefits KSM enjoys in comparison with different giant undeveloped gold and copper tasks all over the world,” chairman and CEO Rudi Fronk mentioned within the assertion.
The price of the brand new BC Hydro switching station is $28.9 million in money funds for services instantly required by the KSM mission and $54.2 million in safety (or money in lieu) for BC Hydro system reinforcement as required to make the ability out there, the minber mentioned.
Seabridge has accomplished its design for a 30 km lengthy 287 KV transmission line to interconnect the TCT and the KSM plant website. This KSM transmission line is scheduled to be constructed in 2023 with completion and commissioning deliberate for late 2024 to be prepared for connection to the TCT.
In the present day’s information comes on the heels of the corporate announcement of a $225 million funding from Sprott Useful resource Streaming, Royalty Corp. and Ontario Lecturers’ Pension Plan.
KSM is among the largest undeveloped gold projects on the earth by reserves and is at present Canada’s largest gold-copper-silver growth mission. An up to date preliminary feasibility examine (PFS) estimates whole confirmed and possible reserves of 38.8 million ounces gold, 10.2 billion kilos of copper and 183 million ounces of silver.