In the South Slave, the technical feasibility work for a development to supply the Snap Lake Mine has been progressing on schedule. Detailed discussions with De Beers are underway to determine:
- • The exact power requirements of the mine.
- • The power solution that is the best fit. We may need to initially supply the mine with diesel power if hydro power cannot be guaranteed to be onsite for the mine's opening. A decision on this issue is expected by the end of October.
Representatives of our Akaitcho and Metis partners are involved in these meetings and will be involved in any power solution developed for the Snap Lake Mine. The MOU with the Akaitcho and Metis was signed in June and contribution agreements have been in place since July. We had hoped to have a detailed memorandum of intent in place by September, but as I am sure the Members can appreciate, it is a complicated process. All parties are working together in good faith and we hope to have a detailed agreement in place in the coming months.