The information provided in this website is not intended to be a comprehensive review of all matters and developments concerning the Company and should be read in conjunction with all other disclosure documents of the Company. The information contained herein is not a substitute for detailed investigation or analysis. No securities commission or regulatory authority has reviewed the accuracy or adequacy of the information presented.
This website contains statements and information that constitute forward-looking information within the meaning of Canadian securities legislation, referred to herein as "forward‐looking statements“. These statements include, among others, statements with respect to the results of the 2017 Feasibility Study, including but not limited to, gold and silver price assumptions, exchange rate assumptions, cash flow forecasts, project capital and operating costs, refining costs, royalties, credits, sustaining and closure costs, processing rates, metal or mineral recoveries, recovery methods, mine life and annual operating periods, construction and commissioning period and other anticipated timelines, closure and reclamation plans, production rates, estimated net present value, internal rates of return and payback periods, the Company’s potential plans and operating performance; the estimation of the tonnage, grades and content of deposits and the extent of the resource and reserve estimates; potential production and viability of the Red Mountain Project; environmental approval plans and anticipated timing of environmental approvals, opportunities to enhance the value of the Red Mountain Project, capital cost reduction opportunities and other plans and objectives of IDM. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others and in addition to those described elsewhere in this website, delays in obtaining or inability to obtain required government or other regulatory approvals, permits or financing, the risk of unexpected variations in mineral resources or reserves, grade or recovery rates, of failure of plant, equipment, processes or infrastructure to operate as anticipated, of accidents, labour disputes, and unanticipated delays in completing other development activities, the risk that estimated costs will be higher than anticipated and the risk that the proposed mine plan and recoveries will not be achieved, equipment breakdowns and bad weather, the timing and success of future exploration and development activities, exploration and development risks, mineral resources or reserves are not as estimated, title matters, third party consents, operating hazards, metals prices, political and economic factors, actions by governmental or regulatory authorities including changes in tax laws or incentive programs, competitive factors and general economic conditions. In making the forward-looking statements the Company has applied several material assumptions, including, but not limited to, the assumptions that: required approvals, permits and financing will be obtained on a timely basis; the proposed exploration and development will proceed as planned; with respect to mineral resource and reserve estimates, the key assumptions and parameters on which such estimates are based are accurate; that the proposed mine plan and recoveries will be achieved; that capital costs, sustaining costs, other costs referred to herein, royalties and taxes will be as estimated; and that no unforeseen accident, fire, ground instability, flooding, labor disruption, equipment failure, metallurgical, environmental or other events that could delay or increase the cost of the development will occur, and market fundamentals will result in sustained metals and mineral prices. Although the Company has attempted to identify important factors that could cause results to differ materially, there maybe other factors that cause results not to be as anticipated, estimated or intended. Actual results may vary from those implied or projected by forward-looking statements and therefore investors should not place undue reliance on such statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable securities legislation.
DISCLOSURE OF MINERAL RESERVES AND MINERAL RESOURCES
Information concerning the properties of the Company has been prepared in accordance with Canadian standards under applicable Canadian securities laws. National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) of the Canadian Securities Administrators requires that each category of mineral reserves and mineral resources be reported separately. You should refer to the current annual information form of IDM Mining Ltd and other continuous disclosure documents filed by the Company available at www.sedar.com (http://www.sedar.com/) for this detailed information, which is subject to the qualifications and notes set forth therein.
The technical information in this website has been approved by Robert McLeod, P.Geo., the President and CEO and a Director of the Company and a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101").
CAUTIONARY NOTE TO U.S. READERS CONCERNING MINERAL RESERVE AND RESOURCE ESTIMATES
This website uses the terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” that, while recognized and required by Canadian regulations, are not recognized by the United States Securities Commission and may not be comparable to similar information for United States mining or exploration companies. The term “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource” and “Inferred Mineral Resource” used on this website are Canadian mining terms as defined in accordance with NI 43-101 under guidelines set out in the Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) Standards on Mineral Resources and Mineral Reserves adopted and updated on November 14, 2004 and November 27, 2010. Under United States standards, mineralization may be classified as a “reserve” unless the determination has been made that the mineralization could be economically and legally produced or extracted at the time the reserve calculation is made. As such, certain information contained on this website concerning descriptions of mineralization and resources under Canadian standards is not comparable to similar information made public by United States companies subject to the reporting and disclosure requirements of the United States Securities Exchange Commission. An “Inferred Mineral Resource” has a great amount of uncertainty as to its existence and as to its economic and legal feasibility. It cannot be assumed that all or any part of an “Inferred Mineral Resource” will be ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of Measured or Indicated Resources will ever be converted into Mineral Reserves. Readers are also cautioned not to assume that all or any part of an “Inferred Mineral Resource” exists, or is economically or legally mineable. In addition, the definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” under CIM standards differs in certain respects from the standards of the United States Securities and Exchange Commission.
IDM considers the care and protection of your personal information to be of utmost importance. With the goal of ensuring that your rights in this area are fully respected, we have designed a policy that clearly outlines our practices regarding how we use information we gather about you.
When you browse this Site, you do so anonymously. IDM does not collect personal information. For statistical purposes only, we log your domain and IP address (the Internet address of your computer) automatically when you visit our site to give the Company an idea of which parts of this Site you visit and how long you spend there. However, this information does not identify you as an individual, but only the computer that you are using to view the site and your approximate geographic location.
Your web browsers may allow some control of cookies through the browser settings. You may learn more about cookies, including how to see what cookies have been set and how to manage and delete them, at www.allaboutcookies.org. [To opt out of being tracked by Google Analytics across all websites visit http://tools.google.com/dlpage/gaoptout.]