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As Of Filer Filing For·On·As Docs:Size Issuer Agent 10/16/06 Lundin Mining Corp 40FR12B 97:20M Newsfile Cor… Toronto/FA |
Document/Exhibit Description Pages Size
1: 40FR12B Registration of Securities of a Canadian Issuer -- HTML 103K
SEA'34 §12(b)
2: EX-23.1 Consent of Experts or Counsel HTML 22K
11: EX-23.10 Consent of Experts or Counsel HTML 22K
3: EX-23.2 Consent of Experts or Counsel HTML 22K
4: EX-23.3 Consent of Experts or Counsel HTML 24K
5: EX-23.4 Consent of Experts or Counsel HTML 24K
6: EX-23.5 Consent of Experts or Counsel HTML 24K
7: EX-23.6 Consent of Experts or Counsel HTML 24K
8: EX-23.7 Consent of Experts or Counsel HTML 22K
9: EX-23.8 Consent of Experts or Counsel HTML 22K
10: EX-23.9 Consent of Experts or Counsel HTML 22K
12: EX-99.1 Miscellaneous Exhibit HTML 85K
21: EX-99.10 Miscellaneous Exhibit HTML 23K
22: EX-99.11 Miscellaneous Exhibit HTML 28K
23: EX-99.12 Miscellaneous Exhibit HTML 84K
24: EX-99.13 Miscellaneous Exhibit HTML 25K
25: EX-99.14 Miscellaneous Exhibit HTML 32K
26: EX-99.15 Miscellaneous Exhibit HTML 26K
27: EX-99.16 Miscellaneous Exhibit HTML 169K
28: EX-99.17 Miscellaneous Exhibit HTML 24K
29: EX-99.18 Miscellaneous Exhibit HTML 212K
30: EX-99.19 Miscellaneous Exhibit HTML 543K
13: EX-99.2 Miscellaneous Exhibit HTML 169K
31: EX-99.20 Miscellaneous Exhibit HTML 24K
32: EX-99.21 Miscellaneous Exhibit HTML 190K
33: EX-99.22 Miscellaneous Exhibit HTML 37K
34: EX-99.23 Miscellaneous Exhibit HTML 304K
35: EX-99.24 Miscellaneous Exhibit HTML 25K
36: EX-99.25 Miscellaneous Exhibit HTML 24K
37: EX-99.26 Miscellaneous Exhibit HTML 33K
38: EX-99.27 Miscellaneous Exhibit HTML 25K
39: EX-99.28 Miscellaneous Exhibit HTML 535K
40: EX-99.29 Miscellaneous Exhibit HTML 35K
14: EX-99.3 Miscellaneous Exhibit HTML 25K
41: EX-99.30 Miscellaneous Exhibit HTML 384K
42: EX-99.31 Miscellaneous Exhibit HTML 209K
43: EX-99.32 Miscellaneous Exhibit HTML 22K
44: EX-99.33 Miscellaneous Exhibit HTML 26K
45: EX-99.34 Miscellaneous Exhibit HTML 24K
46: EX-99.35 Miscellaneous Exhibit HTML 22K
47: EX-99.36 Miscellaneous Exhibit HTML 26K
48: EX-99.37 Miscellaneous Exhibit HTML 212K
49: EX-99.38 Miscellaneous Exhibit HTML 52K
50: EX-99.39 Miscellaneous Exhibit HTML 25K
15: EX-99.4 Miscellaneous Exhibit HTML 39K
51: EX-99.40 Miscellaneous Exhibit HTML 551K
52: EX-99.41 Miscellaneous Exhibit HTML 25K
53: EX-99.42 Miscellaneous Exhibit HTML 33K
54: EX-99.43 Miscellaneous Exhibit HTML 24K
55: EX-99.44 Miscellaneous Exhibit HTML 25K
56: EX-99.45 Miscellaneous Exhibit HTML 25K
57: EX-99.46 Miscellaneous Exhibit HTML 25K
58: EX-99.47 Miscellaneous Exhibit HTML 28K
59: EX-99.48 Miscellaneous Exhibit HTML 25K
60: EX-99.49 Miscellaneous Exhibit HTML 26K
16: EX-99.5 Miscellaneous Exhibit HTML 31K
61: EX-99.50 Miscellaneous Exhibit HTML 244K
62: EX-99.51 Miscellaneous Exhibit HTML 269K
63: EX-99.52 Miscellaneous Exhibit HTML 44K
64: EX-99.53 Miscellaneous Exhibit HTML 24K
65: EX-99.54 Miscellaneous Exhibit HTML 25K
66: EX-99.55 Miscellaneous Exhibit HTML 105K
67: EX-99.56 Miscellaneous Exhibit HTML 415K
68: EX-99.57 Miscellaneous Exhibit HTML 52K
69: EX-99.58 Miscellaneous Exhibit HTML 38K
70: EX-99.59 Miscellaneous Exhibit HTML 260K
17: EX-99.6 Miscellaneous Exhibit HTML 26K
71: EX-99.60 Miscellaneous Exhibit HTML 112K
72: EX-99.61 Miscellaneous Exhibit HTML 169K
73: EX-99.62 Miscellaneous Exhibit HTML 24K
74: EX-99.63 Miscellaneous Exhibit HTML 24K
75: EX-99.64 Miscellaneous Exhibit HTML 240K
76: EX-99.65 Miscellaneous Exhibit HTML 513K
77: EX-99.66 Miscellaneous Exhibit HTML 25K
78: EX-99.67 Miscellaneous Exhibit HTML 30K
79: EX-99.68 Miscellaneous Exhibit HTML 33K
80: EX-99.69 Miscellaneous Exhibit HTML 39K
18: EX-99.7 Miscellaneous Exhibit HTML 168K
81: EX-99.70 Miscellaneous Exhibit HTML 479K
82: EX-99.71 Miscellaneous Exhibit HTML 344K
83: EX-99.72 Miscellaneous Exhibit HTML 25K
84: EX-99.73 Miscellaneous Exhibit HTML 42K
85: EX-99.74 Miscellaneous Exhibit HTML 48K
86: EX-99.75 Miscellaneous Exhibit HTML 27K
87: EX-99.76 Miscellaneous Exhibit HTML 707K
88: EX-99.77 Miscellaneous Exhibit HTML 21K
89: EX-99.78 Miscellaneous Exhibit HTML 23K
90: EX-99.79 Miscellaneous Exhibit HTML 23K
19: EX-99.8 Miscellaneous Exhibit HTML 30K
91: EX-99.80 Miscellaneous Exhibit HTML 24K
92: EX-99.81 Miscellaneous Exhibit HTML 28K
93: EX-99.82 Miscellaneous Exhibit HTML 41K
94: EX-99.83 Miscellaneous Exhibit HTML 37K
95: EX-99.84 Miscellaneous Exhibit HTML 23K
96: EX-99.85 Miscellaneous Exhibit HTML 24K
97: EX-99.86 Miscellaneous Exhibit HTML 32K
20: EX-99.9 Miscellaneous Exhibit HTML 1.05M
| Lundin Mining Corporation - Exhibit 99.86 - Prepared by TNT Filings Inc. |
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1: Name and Address of Company
Lundin Mining Corporation ("Lundin Mining" or the
"Corporation")
2101 - 885 West Georgia Street
Vancouver, BC V6C 3E8
Telephone Number: (604) 689-7842
Item 2: Date of Material Change
Item 3: News Release
The news release was disseminated in Canada on September 26, 2006 through the facilities of CCN Matthews and subsequently filed on SEDAR.
Item 4: Summary of Material Change
Lundin Mining's wholly-owned subsidiary, Lundin Mining AB ("LMAB") has signed a final agreement with IFC Metropol ("Metropol"), through Metropol's wholly-owned subsidiary, East Siberian Metals, to acquire a 49% interest in the Ozernoe Project, a major zinc/lead deposit located in the Republic of Buryatia in the Russian Federation. Ludin Mining's consideration for its 49% interest will be US$125 million. A preliminary assessment of the project contemplates construction of an open pit mining operation. Indicated resources are estimated at 157 million tonnes grading 5.2% zinc and 1.0% lead.
Item 5: Full Description of Material Change
Lundin Mining's wholly-owned subsidiary, Lundin Mining AB ("LMAB") has signed a final agreements with IFC Metropol ("Metropol"), through Metropol's wholly-owned subsidiary, East Siberian Metals, to acquire a 49% interest in the Ozernoe Project, a major zinc/lead deposit located in the Republic of Buryatia in the Russian Federation. Ludin Mining's consideration for its 49% interest will be US$125 million. A preliminary assessment of the project contemplates construction of an open pit mining operation. Indicated resources are estimated at 157 million tonnes grading 5.2% zinc and 1.0% lead.
Lundin Mining announced on June 29, 2006 that the Corporation had signed a letter of intent to acquire a 49% interest in the Ozernoe project. Negotiations with Metropol have been concluded and Lundin Mining and Metropol have agreed on the final terms of the transaction. Parallel with negotiating the final terms of the agreement, a verification drilling program on the Ozernoe deposit has been conducted under the direct supervision of Lundin Mining. Although the full analysis of the verification drilling program is not yet complete, the results have validated all essential aspects of the historical drilling and exploration data that relate to the Ozernoe deposit.
Upon completion of the transaction, a joint venture company will be formed in which Lundin Mining will hold a 49% interest and Metropol will have a 51% interest. Activities of the joint venture company will be the subject of a shareholders' agreement. The consideration for the 49% will be US$125 million of which US$2 million was paid to secure negotiation exclusivity on the project until September 29, 2006. US$113 million is payable upon closing of the
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transaction and US$10 million is
payable when the project goes into commercial production. US$ 10 million of the
113 million payable at completion will be invested in the JV to pay for the
engineering and initial development. The final purchase price is subject to
adjustment based on recoverable zinc metal from the JORC Code resources
confirmed by the bankable feasibility study. The acquisition is subject to all
requisite regulatory approvals.
The final agreement also confirms
that Lundin Mining has a right of first refusal (valid for nine months starting
from May, 2006) with respect to the Kholodninskoye zinc project, which was also
announced on June 29, 2006. Kholodninskoye, currently controlled by Metropol, is
a zinc-lead silver project located in the same region as the Ozernoe project.
The Ozernoe project is located 250 km
northeast of Ulan Ude, the capital of the Republic of Buryatia, in an area known
for containing mineral resources. The property contains zinc and lead
mineralization in the near surface, layered sulphide lenses, with large amounts
of pyrite. The deposit also contains silver. This major deposit is well known
and was extensively explored during the 1970's and 1980's. The preliminary
assessment contemplates a conventional open pit mining operation. A processing
plant will be constructed to produce zinc and lead concentrates on the site.
Power will be supplied by the local grid and supplemented by a coal-burning
power station. Water will be sourced from groundwater in the vicinity of the
deposit. Environmental issues have been assessed and a conceptual closure plan
has been developed and costed. The concentrates will be transported to the
Trans-Siberian railhead at Mogzon, approximately 165 kilometres from the site.
Connecting roads exist but will have to be upgraded. The assessment is based on
concentrates mainly being directed to smelters in China, Russia, Japan and
Korea.
Lundin Mining will have overall
responsibility for mining operations, including project development,
construction and operation of the mine once completed. A preliminary capital
expenditure of US$400 million has been estimated. Lundin Mining is responsible
for arranging project financing in an amount equal to 60% of the cost required
to put the Ozernoe project into commercial production. The remaining 40% will be
injected as equity by Lundin Mining and Metropol on a pro rata basis.
|
Indicated Mineral Resources, May 2006 |
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Million tones | Zinc, % | lead, % |
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Indicated Mineral Resources |
1.57 | 5.2 | 1.0 |
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Based on a 2% Zinc cut-off |
A resource estimate classified under the JORC Code* as Indicated Mineral Resource has been estimated as part of the assessment made in May 2006 by AMC Consultants Pty Ltd on behalf of Metropol. The Indicated Mineral Resource is stated in the report on the assessment as 157 million tones at 5.2% Zn and 1.0% Pb reported at a 2% Zn only cut-off. The assessment was based entirely on available Russian state surface and underground exploration reports and by-products such as precious metals were not reported and would be in addition to the stated Indicated Resource.
*Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, The JORC Code 2004 Edition, Effective December 2004, Prepared by the Joint Ore Reserves Committee of the Australasian Institute of Mining and Metallurgy, Australian Institute of Geoscientists and Minerals Council of Australia (JORC).
About Lundin Mining
Lundin Mining is an active explorer for minerals and a fast growing producer of base metals, with a focus on zinc. The Corporation owns three mines, two in Sweden, Zinkgruvan and Storliden, and one in Ireland., Galmoy. The exploration portfolio is extensive and it also
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includes interests in international ventures and development
projects. Lundin Mining has it head office in Vancouver, Canada and its
executive management team in Stockholm, Sweden. Lundin Mining's shares are
listed on the Toronto Stock Exchange and its SDR's on the Stockhold Stock
Exchange O-List.
Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7: Omitted Information
Not applicable.
Item 8: Executive Officer
Karl-Axel Waplan
President & CEO/Director
Tel: 011 46 705 10 42 39
Dated at Stockholm, Sweden this 6th day of October, 2006.
| LUNDIN MINING CORPORATION | ||
| By: | "Karl-Axel Waplan" | |
| Karl-Axel Waplan, President & CEO |
| This ‘40FR12B’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 10/16/06 | F-X | ||
| 9/29/06 | ||||
| 9/26/06 | ||||
| 6/29/06 | ||||
| List all Filings | ||||