Terrane Metals Corp is a Canadian mineral development and exploration company. The cornerstone of our business plan is to develop large-scale mineral deposits with defined resources into operating mines. Our Key assets are the Mt. Milligan copper-gold project in central British Columbia and the Berg copper-molybdenum project in west central British Columbia.

Terrane is focused on the future commercial development of large-scale copper and gold reserves at Mt. Milligan, British Columbia. Mt. Milligan has open pit reserves of 1.6 billion lb contained copper and 4.6 million oz contained gold. Upon development the project will have an average annual production of 265,100 oz gold and 97 million lb copper for the first six years of a 15.3 year mine life. At Mt. Milligan Terrane has completed a Feasibility Study demonstrating economic viability, secured long lead-time capital equipment, engaged Wardrop Engineering Inc. for engineering and procurement and submitted the Environmental Assessment Application for mine development certificates. As a first step towards project financing Terrane shareholders approved a joint venture option agreement with majority shareholder Goldcorp. Goldcorp has guaranteed a credit facility of $40 million and has an 18 month option to convert its equity interest in Terrane into a participating joint venture interest in the Mt. Milligan project.

May 27, 2008: BNN Interview

Click to View Video Rob Pease President and CEO of Terrane along with Chuck Jeannes Executive Vice President, Corporate Development of Goldcorp discuss the Mt Milligan Joint Venture Option Agreement.