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Alexco Environmental Group

ALEXCO RESOURCE CORP. (TSX: AXU / NYSE-American: AXU) is a primary silver company that provides an exceptional opportunity to investors looking for exposure and leverage to silver in one of the safest mining jurisdictions in the world today. We are proven explorers, developers and mine operators with assets in the Yukon Territory, - Canada. Our culture and values drive us to achieve excellence in all that we do, while supporting the communities and organizations in the areas in which we work.

Alexco owns the majority of the Keno Hill Silver District, which historically is one of the highest-grade silver districts in the world having produced more than 214 million ounces of silver at an average grade of approximately 1,373 grams per tonne (g/t) silver (44 ounces per tonne (oz/t)) during the early and mid-1900’s.

On March 28, 2019, Alexco announced a positive pre-feasibility study (“PFS”) for expanded silver production at Keno Hill. The PFS contemplates an economic operation at today’s prices, which will produce 1.1 million tonnes of ore at grades of approximately 804 grams per tonne silver, 2.98% lead, and 1.13% zinc from four deposits. The average processing rate during the 8-year mine life is estimated at 430 tonnes of ore per day and Keno Hill is expected to produce approximately 4 million contained ounces of silver annually in high-quality lead and zinc concentrates. Alexco maintains a disciplined approach to moving the district back to production. The Company expects that a new Bermingham Water Use Licence (“WUL”), which will allow Alexco to process ore from the Bermingham deposit, will be issued in Q4 2019. In the meantime, Alexco is focusing on construction of surface infrastructure and has commenced a +7,500 meters surface diamond drilling program to expand the Bermingham deposit at depth and test other targets identified during the 2018 drilling campaign.

Over the last ten years Alexco has maintained a strong and systematic exploration ethic at Keno Hill and has been rewarded with discovery and documentation of 30 million ounces of silver in probable reserves, 74 million ounces of silver in indicated resources (inclusive of probably reserves) and a further 24 million ounces in inferred resources. Notably, in the last six years Alexco geologists have added more than 58 million ounces of indicated silver to our resource base with an average silver grade in excess of 800 g/t (26 oz/t) at a discovery cost of less than $0.55 per ounce.

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Achievements and Milestones

Alexco IPO and acquisition of Keno Hill
Alexco Entered Silver Purchase Agreement with Wheaton Precious Metals for $50 million
Alexco and First Nation of Na-Cho Nyak Dun signed Cooperation and Benefits agreement
Completed construction of Bellekeno mine and Iniated Mill Commissioning
Alexco achieved Commercial production at Bellekeno
Alexco discovered Flame & Moth deposit
Company received Amended Water Use License - Fully permitted for Bellekeno, Onek, and Lucky Queen
Alexco suspended operations and put on Care & Maintenance
Alexco discovered Bermingham deposit
Alexco amended Wheaton Precious Metals stream
Alexco filed updated Preliminary Economic Assessment
Company received amended Class IV permit to drive advanced exploration decline at Bermingham deposit
Amended Water Use License for Flame & Moth
Advanced exploration decline at Bermingham deposit
Advanced underground exploration drill program at Bermingham
In Progress
Equipment and Mill Preparation
In Progress
Development decline at Flame & Moth deposit
Target Q2 - Q3 2019
Positive Production Decision
Target H2 2019
Reopen Bellekeno and stockpile Ore
Target H2 2019
Start mill preparation and Commissioning
Target H2 2019
Start production
End of Q2 2019
Amended Quartz Mining License and Water Use License for Bermingham deposit
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One Project, Four Deposits

A Rich Past, A Promising Future

The continuing discoveries of some of the largest deposits ever in the District reaffirm the prolific and prospective nature of Keno Hill.

Latest News

December 4, 2019 Alexco Discovers New Zone of Silver Mineralization, 3.7 Kilometers Northeast of Bermingham Deposit, Composite Assays to 832 Grams Per Tonne Silver over 7.4 Meters True Width
December 2, 2019 Alexco Issued New Quartz Mining License for Bellekeno, Flame & Moth, Bermingham and Lucky Queen Silver Deposits at Keno Hill. Strengthens Operations Management Team
November 14, 2019 Alexco Reports Third Quarter 2019 Results

Events & Webcasts

Mar 1 - 5, 2020 Prospectors & Developers Association Convention 2020
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