0001199835-14-000273.txt : 20140522 0001199835-14-000273.hdr.sgml : 20140522 20140521181516 ACCESSION NUMBER: 0001199835-14-000273 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140514 FILED AS OF DATE: 20140522 DATE AS OF CHANGE: 20140521 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pretium Resources Inc. CENTRAL INDEX KEY: 0001508844 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35393 FILM NUMBER: 14861809 BUSINESS ADDRESS: STREET 1: 570 GRANVILLE STREET STREET 2: SUITE 1600 CITY: VANCOUVER STATE: A1 ZIP: V6C 3P1 BUSINESS PHONE: 604-558-1784 MAIL ADDRESS: STREET 1: 570 GRANVILLE STREET STREET 2: SUITE 1600 CITY: VANCOUVER STATE: A1 ZIP: V6C 3P1 6-K 1 pretium_6k-16025.htm PRETIUM RESOURCES INC. 6K pretium_6k-16025.htm

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
Form 6-K
 
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of:  May 2014
Commission File Number:  001-35393
 
PRETIUM RESOURCES INC.

(Name of registrant)
 
570 Granville Street, Suite 1600
Vancouver, British Columbia
Canada V6C 3P1

 (Address of Principal Executive Offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
 
Form 20-F £ Form 40-F R
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
 
Exhibit Index
 
Exhibit
Number
Description of Exhibit
 
 

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 

 
Date: May 21, 2014
PRETIUM RESOURCES INC.
 
 
 
 
By:
 /s/ Joseph J. Ovsenek
 
   
Name:
Joseph J. Ovsenek
 
   
Title:
Executive Vice President, Chief Development Officer
 

 
 

EX-99.1 2 exhibit_99-1.htm MATERIAL CHANGE REPORT exhibit_99-1.htm

EXHIBIT 99.1
 
Form 51-102F3
Material Change Report
 
Item 1
Name and Address of Company
 
Pretium Resources Inc. (“Pretivm”)
Suite 1600, 570 Granville Street
Vancouver, BC
V6C 3P1
 
Item 2
Date of Material Change
 
May 14, 2014
 
Item 3
News Release
 
The news release dated May 14, 2014 was disseminated through Marketwire and filed on SEDAR.
 
Item 4
Summary of Material Change
 
Pretivm announced highlights from the first quarter of 2014 and updates for the high-grade gold Brucejack Project in Northern British Columbia.
 
Item 5
Full Description of Material Change
   
 
5.1  Full Description of Material Change
 
Pretivm announced the following highlights from the first quarter of 2014 and updates for the high-grade gold Brucejack Project in northern British Columbia.
 
First Quarter 2014 Highlights and Significant Events.
 
 
·
On February 20, 2014, we announced a private placement (the “Offering”) with a syndicate of agents for 568,182 Investment Tax Credit flow-through common shares of Pretivm at a price of $8.80 per share and 1,863,355 Canadian Exploration Expense flow-through common shares of Pretivm (the “CEE Flow-Through Shares”) at a price of $8.05 per share for aggregate gross proceeds of $20 million.  The agents were granted an option (the “Agent’s Option”) to purchase, or arrange for substituted purchasers, for up to 745,342 additional Canadian Exploration Expense flow-through common shares at the issue price at any point up until 14 days following the closing.
 
 
·
In March 2014, we announced the increase of the Agent’s Option by 248,448 CEE Flow-Through Shares and the exercise of the Agent’s Option in full and closed the Offering in three tranches for gross proceeds of approximately $28 million.
 
 
·
On March 10, 2014, we announced the appointment of James A. Currie as our Chief Operating Officer who will lead the development of the high-grade gold Brucejack Project into production as an underground mine and the promotion of Joseph J. Ovsenek, Chief Development Officer, to Executive Vice President.
 
 
 
 
1

 
 
 
·
Working capital at March 31, 2014 was $28.1 million plus pending gold sale receipts from the 2013 Valley of the Kings Bulk Sample Program.
 
 
·
Subsequent to the end of the quarter, on April 16 2014, we announced, among other things, that we expected to file our Environmental Assessment Certificate application (“EAC application”) this quarter once we receive the final Application Information Requirements from the British Columbia Environmental Assessment Office (“BCEAO”). We also announced that the 1,000 tonnes of bagged material from the 2013 Valley of the Kings exploration program was processed at the Contact Mill in Montana and produced gravity and flotation concentrates containing approximately 3,120 ounces of gold, with final gold production subject to remaining assays and final establishment of weights and assays and settlement.
 
 
Brucejack Project Permitting
 
On May 2nd we received the approved Application Information Requirements from the BCEAO which advances us to the stage of filing our provincial EAC application for the Brucejack Project.  We are now reviewing and finalizing our EAC application and expect to file it with the BCEAO this quarter.  Once filed, the application will be evaluated for completeness over a 30-day period by BCEAO with the involvement of a working group including representatives of First Nations and local governments and other government agencies.  Once the application has been accepted, the BCEAO has a maximum of 180 days to complete its review and prepare an assessment report for a decision by the Minister of Environment and the Minister of Energy and Mines.
 
In coordination with the British Columbia provincial permitting process, the Canadian Environmental Assessment Agency will review the Environmental Impact Statement (“EIS”), which we will submit concurrently with the provincial EAC application.  Provincial and federal approval of the EAC application and EIS, respectively, allow for the issuance of the statutory permits and authorizations to begin construction of a mine at Brucejack.
 
Amended Feasibility Study
 
The June 2013 Feasibility Study for the Brucejack Project is currently being amended based on the Valley of the Kings December 2013 Mineral Resource estimate using base case metal prices of $1,100 per ounce gold and $17 per ounce silver and a Canadian:US Dollar exchange rate of 0.92.
 
As part of the amendment, we have carried out various trade-off studies to manage capital costs, including staged development of the Project.  The trade-off study on staged development has been completed and has shown a nominal difference in capital cost.  Accordingly, Brucejack will be advanced as a 2,700 tonnes per day mine as previously planned.  The amended Brucejack Project feasibility study is on track for completion in June.
 
2014 Exploration Program
 
The 2014 exploration program at Brucejack has been planned with a focus on continued resource definition in the Valley of the Kings and includes 15,000 meters of underground infill and step-out drilling to the east and west.  The design of an access ramp from the 1345-meter level access ramp to the 1260-meter level has been finalized and a drill has been mobilized to site.
 
 
 
 
 
2

 
 
 
A total of 3,120 ounces of gold was produced from processing 1,000 tonnes of exploration ore excavated in 2013 (see news release dated April 16, 2014).  An additional 1,000 tonnes of material from the Valley of the Kings is permitted to be excavated and processed in 2014, and we are currently evaluating the optimal high-grade target area for this program.
 
Ian I Chang, M.A.Sc., P.Eng., Vice President, Project Development, Pretium Resources Inc. is the Qualified Person (QP) responsible for Brucejack Project development.  Kenneth C. McNaughton, M.A.Sc., P.Eng., Chief Exploration Officer, Pretium Resources Inc. is the Qualified Person (QP) responsible for the Brucejack Project exploration program.
 
With our current working capital, and pending gold sale receipts and successful completion of our private placement, we believe we will have sufficient funds for our current planned expenditures on our Projects, updating our feasibility study and funding our permitting activities as we advance the Brucejack Project to production. 
 
Pretivm’s audited consolidated financial statements and Management Discussion and Analysis for the quarter ended March 31, 2014 are filed on SEDAR and available on Pretivm’s web site www.pretivm.com.
 
 
5.2 Disclosure for Restructuring Transactions
 
Not applicable.
 
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
 
Joseph Ovsenek, Chief Development Officer & Executive Vice President
Phone:  604-558-1784
 
Item 9
Date of Report
 
Dated at Vancouver, BC, this 16th day of May, 2014.

 
 
 
 
 
 3

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