DAN MYERSON
DAN MYERSON , EXECUTIVE CHAIRMAN OF FORAN MINING , REFLECTS ON HIS WORK AT FORAN MINING AND THE STEPS IT TOOK TO BECOME THE FIRST CARBON NEUTRAL COPPER MINING COMPANY
Q . TELL US A LITTLE ABOUT YOUR EXPERIENCE AND HOW YOU BECAME INVOLVED WITH FORAN MINING ?
» Before joining Foran , I served as head of Glencore ’ s Canadian zinc business , developing global experience in the metals and mining sector ; including refined metal and concentrates trading , mining and smelting operations , and capital markets .
Oil was the key asset during the automobile revolution , and we believe copper will be the prominent asset driving the clean energy revolution as the world targets decarbonisation . Joining Foran and working on the McIlvenna Bay project presented the perfect opportunity for me to help take proven sustainable processes and technologies and combine them with a circular economy framework to create a model for responsible , low carbon mining that can be replicated across the world .
Q . WHAT WERE THE INITIAL OPPORTUNITIES IDENTIFIED AT MCILVENNA BAY , AND CURRENT AND FUTURE PROSPECTS ?
» McIlvenna Bay is the largest undeveloped VHMS deposit located in the Hanson Lake District , Saskatchewan , Canada , along the world-renowned Flin Flon Greenstone Belt .
The copper / zinc / gold / silver deposit currently hosts an Indicated resource of 39.1Mt at 1.2 % copper , 2.2 % zinc , 0.4 g / t gold and 14 g / t silver ( 2.04 % copper equivalent ). In February 2022 , Foran announced its initial phase Feasibility Study results that outlined a C $ 1.5B pre-tax NPV7 % at current commodity prices .
The project is in a world-class jurisdiction , as Saskatchewan ranks # 3 on Fraser Institute ’ s 2020 list for mining investment , given its leading government public policy factors and robust infrastructure .
We are just scratching the surface within the Hanson Lake District could
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