Project - Timeline

Casino has been conducting baseline environmental and geotechnical engineering work on the proposed mine site since 2008, as well as numerous environmental, social and economic studies. Past and anticipated, projected milestones include:

Time Casino Project Milestones
2007 Environmental baseline studies initiated.
2008 Initial pre-feasibility study completed.
2010 Pre-feasibility study updated.
2007-12 $35 million invested.
2008-13 – Environmental studies conducted.
– Mineral resource evaluation completed.
– Freegold road extension assessment completed.
– Regular meetings held with regulators, Yukon Environment Socio-economic Assessment Board (YESAB) executive committee, Yukon government departments.
– Continuing meetings held with First Nation governments and communities.
2013 – Bankable feasibility study completed.
– Casino Project proposal YESAB submission completed.
– $8 million invested.
2014 YESAB assessment of Casino Mine Project proposal commences
2015 – YESAB assessment continues
– Ongoing environmental studies
2016 Referral to Panel Review – highest level of assessment in Yukon
2017-2018 Environmental and Socio-economic Statement Preparation
2019 onwards – YESAB Panel Review
– Quartz Mining License pocess
– Yukon Water Board process
– Detailed engineering
– Project financing
+ 2 years Start mine production – gold heap leach operation.
+ 4 years Start mine production – milling operation.

The Casino project needs to undergo environmental assessment review to by the Yukon Environmental and Socio-economic Assessment Board (YESAB) and permitting and licensing by the Yukon Government and Yukon Water Board. Once approvals are received, the mine will take about four years to construct. The total capital expenditures for the project are estimated at $2.5 billion.