| March, 2006 |
Featherstone recruits management team and Board of Directors for Terrane Metals Corp. |
| April, 2006 |
Featherstone negotiates and closes the purchase of a 100% interest in the Mt. Milligan copper-gold deposit and a 51% interest in the Berg copper-molybdenum deposit from Goldcorp for $120 million |
| July, 2006 |
Terrane Metals lists on the TSXV Exchange, market capitalization: $125 million |
| Sept, 2006 |
Terrane purchases 49% interest in the Berg copper-molybdenum deposit from Kennecott for $1 million |
| Oct, 2007 |
Terrane completes a Preliminary Economic Assessment on the Mt. Milligan Project, 14.5 year mine life, IRR 20.6%, NPV $580 million, annual production: 90 million lbs copper, 221,000 ozs gold |
| May, 2008 |
Terrane completes a Feasibility Study on Mt. Milligan: 60,000 tonne per day mine and mill complex producing 88 million lbs of copper and 217,000 ozs gold per year, NPV (8) $606 million, IRR 18% |
| March, 2009 |
British Columbia Government give Mt. Milligan its’ Environmental Assessment Certificate |
| Oct, 2009 |
Updated Feasibility Study tabled, 6.0 million ozs gold, 2.1 billion lbs copper, 22 year mine life, NPV (5) $1.05 Billion, IRR: 17.2% |
| Dec, 2009 |
Goverment of Canada approves Mt. Milligan Environmental Assessment |
| Jan, 2010 |
Construction starts at Mt. Milligan |
| July, 2010 |
Thompson Creek Metals Corp acquires Terrane Metals for $650 million. |
| 2006-2011 |
Total debt and equity financing raised by Featherstone/Terrane $210 million |
