6 June 2017 – Positive PFS results and Ore Reserve estimates for proposed ABM mine at Kudz Ze Kayah, Yukon

BMC (UK) LIMITED (“BMC” or the “Company”), a private UK-based resources development company, today announces positive Prefeasibility Study (“PFS”) results for its proposed ABM Zn/Cu/Pb/Ag/Au mine at the Kudz Ze Kayah Project (“KZK”). The ABM deposit is a zinc-dominant polymetallic volcanogenic massive sulphide (“VMS”) deposit with significant copper, lead and precious metals credits. The KZK Project is owned through BMC’s 100% subsidiary BMC MINERALS (No. 1) LTD (“BMC Minerals”), and is located east of Whitehorse in the Yukon Territory, Canada.

PFS Highlights:

[1] Base Case: Metal prices and exchange rate based on long term consensus assumptions of Cu US$2.95/lb, Zn US$1.07/lb, Pb US$0.94/lb, Au US$1,292/oz, Ag US$19.31/oz and exchange rate of C$1.00:US$0.79.

[2] Zinc production accounts for approximately 30% of net revenue.  On a co-product basis, C1 costs are US$0.21 per lb Zn, US$0.17 per lb Pb, US$0.69 per lb Cu, US$426 per oz Au and US$6.14 per oz Ag.

[3] As at 26th May 2017: Cu US$2.57/lb, Zn US$1.19/lb, Pb US$0.95/lb, Au US$1,265/oz, Ag US$17.29/oz, exchange rate C$1.00:US$0.74.

Full announcement: 20170606 KZK PFS Release_Final