The Sisson Project
As the global demand for critical minerals continues to grow, the Sisson Project represents an important opportunity to contribute to the supply of these essential resources and support the transition to a more sustainable and technologically-advanced future.
The project also benefits from existing infrastructure, including access to power, water, and transportation networks, which can help to reduce the overall development and operating costs.
About the Sisson Project
Project Location and Description
The Sisson Project is an initiative to develop a large deposit of tungsten and molybdenum – both recognized by Canada and other countries as critical minerals
The Project is located on Crown land in central New Brunswick, 100 kilometres northwest of Fredericton by road, and near the communities of Napadogan, Juniper, and Stanley. Situated within the Nashwaak Watershed, the area has supported logging activity for over a century. The Sisson Project-area is well served by local and regional infrastructure including highways, roads, railways, deep sea ports and power lines.
The Sisson Project hosts a large tungsten-molybdenum deposit with the potential to support a long-life mine. A 2013 feasibility study proposed an open-pit mine with conventional processing facilities, supplemented by value-added on-site processing of tungsten concentrates in an ammonium paratungstate plant.
Following detailed environmental assessment processes, the Project received provincial and federal environmental approvals in 2015 and 2017, with other key approvals received in 2019 and 2020. The Province has established a deadline to commence construction of December 3, 2030.
The Sisson Partnership is currently advancing a focused work program designed to provide the necessary economic and technical information to support a construction decision. This work includes:
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update of the feasibility study; and
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completion of engineering activities and studies needed to satisfy the technical conditions associated with its in-hand environmental approvals and project finance financing; and
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ongoing information sharing with local communities, governments and First Nations.
The Sisson Partnership recognizes the value that New Brunswickers place on their land, water and natural resources, and is committed to advancing the Sisson Project in a manner that respects these shared values.
The Sisson Partnership
The Sisson Partnership, responsible for the development of the Sisson Project, is owned by Northcliff Resources Ltd. ("Northcliff Resources") of Vancouver, British Columbia and Todd Minerals Ltd. ("Todd Minerals") of New Zealand.
A public company listed on the TSX, Northcliff Resources holds a controlling interest in and is the operator of the Sisson Partnership.
Todd Minerals is a subsidiary of the family-owned Todd Corporation, one of New Zealand's most successful companies, with a growing portfolio of mineral investments.
Sisson Project History
Mineralization at the Sisson Project was discovered in 1978. Drilling by various operators up to 2009 delineated the majority of the Sisson deposit and confirmed the consistency of mineralization. Northcliff Resources completed an additional 66 drill holes between late 2010 and late 2011 to support development of a Feasibility Study and an Environmental Impact Assessment (EIA) Report. Environmental baseline studies were initiated in 2007, and expanded by Northcliff Resources in 2011. An updated mineral resource estimate was released in May 2012,
and a Feasibility Study in 2013.
The Project then entered the environmental assessment phase and, following a harmonized provincial and federal process, received EIA approvals in 2015 and 2017, respectively, as well as other key authorizations over the next few years.
More recently, programs have been planned and implemented to advance the project. These include engineering workstreams and studies required to meet the technical conditions associated with the in-hand environmental approvals and support detailed project development planning and an update to the feasibility study to provide the necessary economic and technical information to support a construction decision.
Project Milestones:
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New Brunswick Environmental Impact Assessment Approval (2015)
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Federal Environmental Impact Assessment Approval (2017)
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Metals and Diamond Mining Effluent Regulations Schedule 2 Amendment (MDMER) authorization (2019)
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Sisson Fisheries Act Authorization and Off-setting/Fish Habitat Compensation Plan (2020)
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Construction commencement timeline extended to Dec 2022 - (2020)
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Construction commencement timeline extended to Dec 2025 - (2022)
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Sisson Mine is announced as a Major Nation-Building Project by the Government of Canada (2025)
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Construction commencement deadline extended to December 3, 2030 (2025)
