Eagle Mine Extends its Life of Mine

Eagle Mine and Lundin Mining are pleased to announce an increase in the Probable Mineral Reserve estimate for the Eagle East ore body. Underground infill and extension drilling from the past year has increased the Eagle East Mineral Reserve estimate to 2.3 million tonnes at 3.2% nickel and 2.6% copper, extending Eagle Mine’s life by over a year to mid-2025.

Please refer to Lundin Mining’s press release “Lundin Mining Announces 2019 Mineral Resource and Reserve Estimates” dated September 5, 2019, for additional details, including cautionary statements on forward-looking information and Mineral Resource and Reserve estimates. The release is available here or at www.lundinmining.com.

“The announcement today is a direct result of the dedication and hard work of Eagle’s 400 employees and contractors,” said Kristen Mariuzza, Managing Director at Eagle Mine. “It is exciting to be part of a successful operation and we look forward to celebrating the extension of our mine life.”

“Our increased mine life allows us to continue to contribute to the economic well-being of our local communities,” said Matt Johnson, Manager of External Relations. “We will further strengthen our economic impact on the local community by continuing to pay taxes and strengthen local jobs.”

“We will continue to work as we always have – with the highest standards of safety, environmental protection, and community engagement,” said Mariuzza.

Eagle Mine is an underground, high-grade nickel and copper mine located in western Marquette County of Michigan’s Upper Peninsula. Eagle has been in operations since 2014 and is the first mine to be permitted under Michigan’s Part 632 Non-Ferrous Mineral Mining Law.