The Hackett River property is located in Nunavut, Canada, approximately 480 km northeast of Yellowknife and 105 km south of the community of Bathurst Inlet, located on the Arctic Ocean. Hackett River is a silver-rich volcanogenic massive sulphide deposit within an Archean greenstone belt and the property contains four massive sulphide deposits (East Cleaver, Boot Lake, Main Zone and Jo Zone) that occur over a 6.6 km strike length.

A Preliminary Economic Assessment was completed in 2009 and evaluated a possible large-scale open pit and underground mining operation, processing up to 12,000 tpd. The proposed process plant was a crushing and grinding flotation circuit that would produce a saleable concentrate for zinc, lead and copper with an emphasis on optimizing silver recovery. The projected average metal recoveries were 75% for copper, 55% for gold, 77% for silver, 85% for lead and 92% for zinc.

The most recent Glencore Reserves and Resources statement, effective December 31, 2022, reported 27.0 million tonnes of Indicated Resources containing 4.5% zinc, 0.6% lead, 0.5% copper,130.0 grams per tonne silver and 0.3 grams per tonne gold plus 60.0 million tonnes of Inferred Resources containing 3.5% zinc, 0.5% lead, 0.4% copper,120.0 grams per tonne silver and 0.2 grams per tonne gold.  For more information refer to www.glencore.com and the preliminary economic assessment dated December 23, 2009 under Sabina Gold & Silver Corp.’s profile on www.sedar.com.