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Sandvik to supply battery electric equipment for Foran's McIlvenna Bay copper project in Saskatchewan

Kitco Media
By Vladimir Basov
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(Kitco News) - On Monday, Foran Mining (TSX.V: FOM) announced an agreement with Sandvik to supply initial underground equipment for development at its 100%-owned McIlvenna Bay copper-zinc-gold-silver project in Saskatchewan.

According to the company’s statement, the initial equipment order includes battery electric underground drills, trucks, and loaders that will be used for the mine’s development and production activities.

Foran said that as part of the agreement, Sandvik will provide and maintain all batteries through a service agreement and will support the Foran maintenance team though embedded OEM battery and equipment technicians.

COO Dave Bernier stated, "This is a very exciting period for Foran as we continue to execute on our initiatives to permit, construct, and operate McIlvenna Bay. Sandvik is a global leader in industrial battery technology and we look forward to working together on our project.

"Utilizing battery electric equipment with semi and fully autonomous capabilities can help us achieve our carbon neutral targets and provide a safe working environment, which is part of our Net Positive Business strategy as we look to deliver critical metals essential for global decarbonization in a responsible and social-empowering way."

Foran Mining is a copper-zinc-gold-silver exploration and development company.  The company’s McIlvenna Bay project is located entirely within the documented traditional territory of the Peter Ballantyne Cree Nation. The Company also owns the Bigstone project, a resource-development stage deposit located 25km southwest of its McIlvenna Bay project.

McIlvenna Bay is a copper-zinc-gold-silver rich VHMS deposit intended to be the centre of a new mining camp in a prolific district that has already been producing for 100 years. McIlvenna Bay is the largest undeveloped VHMS deposit in the region.

The company announced the results from its Feasibility Study on February 28, 2022, outlining that current mineral reserves would potentially support an 18-year mine life producing an average of 65 million pounds of copper equivalent annually.

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Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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