Northcliff announced the positive results of the Sisson Project Feasibility Study in January 2013. The Sisson Project is based a large, structurally controlled, intrusion-related tungsten-molybdenum deposit amenable to open pit mining and processing at a rate of 30,000 tonnes per day.
The project has received both provincial and federal environmental assessment approvals. The current focus is to secure construction and operating permits, off-take agreements and project financing.
Todd Corporation (Todd) of New Zealand is a financing partner for the Sisson Project. Todd has an 11.5% interest (and Northcliff an 88.5% interest) in the Sisson Partnership, which owns the Sisson Project. Todd also holds a 36% interest in Northcliff.
Northcliff is associated with Hunter Dickinson Inc. (HDI), a diversified, global mining group with more than 30 years of mineral development success.