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Operational research consultants inc12/28/2022 ![]() “The approval and execution of our early works plan will allow us to maximize our time next year to focus on earthworks and installation of key infrastructure. “Our experience with the provincial regulatory framework since beginning to permit Hammerdown has been very positive and we are well positioned to obtain the remaining approvals to support a construction decision in 2022,” commented Perry Blanchard, Vice President Environment and Sustainability. Additional standard permits are required for the start of construction, in addition to a comprehensive development and closure plan. The Hammerdown Project was subject to a comprehensive provincial environmental assessment process and did not present federal assessment triggers of the federal Fisheries Act, Navigable Waters Protection Act, or the Species At Risk Act. Over 25 hectares of the planned 50 hectares of clearing have been completed. Site vegetation clearing has commenced at the planned waste rock stockpile, open pit footprint and the sorting plant site. In September Maritime received government approval from the Province for its abridged development and closure plan covering an early works program for Q4 2021. I feel confident and optimistic about the future at Hammerdown going into 2022.” ![]() I would like to thank all the stakeholders in the community, our supportive shareholders and the employees and contractors for their hard work and dedication this year. “Earlier this year we purchased the Nugget Pond gold plant in the Baie Verte mining camp, a key piece of processing infrastructure with a history of high gold recoveries and have now commenced work on the feasibility work with the primary engineering consultants. Site clearing is currently underway sooner than anticipated with approval of an early works plan by the Province,” commented Garett Macdonald, President and CEO. “I am pleased with the progress we have made this year at Hammerdown to de-risk the project and the steps we have taken to move towards a construction decision in 2022.
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