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The information in this document has been prepared as at February 16, 2011. Certain statements contained in this document constitute ?forward-looking statements? within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial securities laws. When used in this document, the words ?anticipate?, ?expect?, ?estimate?, ?forecast?, ?will?, ?planned?, and similar expressions are intended to identify forward-looking statements or information. Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with respect to the Company's minesites and statements and information regarding the sufficiency of the Company's cash resources. Such statements and information reflect the Company's views as at the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's stock price; and risks associated with the Company's byproduct metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company?s ability to achieve the expectations set forth in the forwardlooking statements contained in this document, see the Company's Annual Report on Form 20-F for the year ended December 31, 2009, as well as the Company's other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information. Marc Legault, a Qualified Person and the Company?s Vice-President, Project Development, reviewed the technical information disclosed herein. For a detailed breakdown of the Company?s reserve and resource position see the February 16, 2011 press release on the Company?s website. That press release also lists the Qualified Persons for each project.

May 1, 2011

FOR many years past it has been the practice at the Bairnsdale School of Mines to treat any parcels of auriferous concentrates sent in from the surrounding district by roasting them in a handworked reverberatory, and then chlorinating or cyaniding the product. According to Donald CIark, who has done a large amount of work on these ores, the results obtained were fairly satisfactory extractions of over 90 per cent being claimed. With some modifications, the method has been very generally adopted, not only in Gippsland but throughout Victoria. It is, however, difficult to get exact information as to the extractions actually obtained, and unfortunately no records of working results have been kept at the Bairnsdale School of Mines.Having treated several lots of ore by this method during 1907 and 1908 with unsatisfactory results, the writers thought it desirable to make a detailed investigation on some particular ore, both in the laboratory and on a working scale. The ore selectedwas a parcel of low-grade concentrates from Stirling, a small mining field situated about forty miles to the east of Bairnsdale. This ore was chosen chiefly on account of the heavy and inexplicable volatilization loss which took place even on roasting with the greatest care; the loss amounting to between 10 and 15 per cent. In the experiments here related, three main objects were kept in view:-1. To determine with what mineral 01' minerals the gold and silver were associated...

Jan 1, 1909

By Derek T. Novotny

Blasting cap precision is of major importance to advanced blast design. New technologies have introduced the use of microchips within detonator casings in the hope that the electronic control of the timing element will increase the accuracy of the cap and therefore improve the results of perimeter control blasting applications. The electronic detonators have proven to be accurate in timing tests done to date. They boast cap scatter results to microsecond accuracy, but the question is, does this degree of accuracy actually prove to be beneficial during practical use in the industry, or are conventional technologies applicable.

Jan 1, 1998

By Lorenzo Pellegrini

The respect of EPB reference pressure during TBM advance and hyperbaric activities, the complete and effective filling of the annular gap between tunnel lining extrados and the excavation section and a well organized monitoring system, to control surface settlements and ground distortion, are items of utmost importance in EPB tunnelling process. The paper describes how these concepts have been applied while excavating in the difficult underground conditions found at Sao Paulo (Brazil) during the execution of the Sao Paulo Metro Line 4-Lot 1. In this project, the annular gap has been filled by two components type, cement grouting. The back feed of the extensive monitoring campaign carried out to check the surface settlements during the excavation and hyperbaric maintenance operations will also be described in the paper.

By Z. Sun

Imposing a strong magnetic field is considered to be an attractive method to prepare materials with aligned or textured structures due to its intrinsic properties, e.g. non-contact and easily controllable. However, the nature of the strong magnetic field effect still remains unclear and further research is needed. In the present paper, the effect of a strong magnetic field on the solidification of a hypereutectic Al-Cu alloy was investigated. After magnetic field treatment, the primary phase was aligned parallel to the magnetic field direction. Meanwhile, the eutectic micro-structural constituent became elongated and thinner. A theoretical analysis was conducted to have a better understanding of the phenomena. During solidification, the magnetic Faraday and dipole-dipole interaction forces are considered to decrease the solute pile-up in front of the solid-liquid interface and modify the eutectic cell formation. The alignment of the phase is due to the shape magnetic anisotropy and crystal magnetic anisotropy.

Jan 1, 2010

By H. E. Thomas

[The Bureau of Mines has conducted a field hydraulic fracturing experiment to determine the preferential orientation of induced fractures in oil shale at a depth of about 400 feet in the Green River Basin of Wyoming. The hydraulic fracturing treatment was performed by injecting extremely viscous water-base gel and 8- to 12-mesh sand into the oil shale through straddle packers set in an impermeable section of smooth-walled, 6-1/4-inch-diameter open hole. An impression packer proved that a horizontal fracture, which has an average width of about 1/2 inch at the borehole, was induced. A corehole drilled 100 feet from the fractured well intersected the fracture and confirmed its horizontal orientation. Because a horizontal fracture was successfully initi¬ated, it is inferred that the creation of multiple, closely spaced horizontal fractures may be feasible in Green River Basin oil shale.]

Jan 1, 1972

As mining operations in the United States (US) have become more productive, controlling the dust exposure of mine workers has become more challenging. In response, US mining operations are applying basic controls at elevated levels and are looking to emerging control tech­nologies in an effort to better control airborne respirable dust levels. The Pittsburgh Research Laboratory (PRL) of the National Institute for Occupational Safety and Health (NIOSH) conducts research to develop and/or improve control technologies that reduce the respirable dust exposure of workers in underground coal mines. The goals of this research involve optimizing the use of water sprays and ventilating air, as well as, evaluating emerging control tech­nologies. An overview of dust controls typically utilized in underground US coal mines will be provided. An update on ongoing PRL research efforts that are evaluating new control technologies will also be presented.

Jan 1, 2008

By Jr. Gabler

The U.S. Bureau of Mines (USBM) has developed a computerized commodity flow model for strategic and critical materials This flow model is generic and applicable to most commodities and amenable to updating supply, demand, and/or production data change. The original model, with slight modifications, was used to track the flow of chromium. This report follows the flow of chromium through its metallurgical, chemical, and refractory applications, and highlights areas where significant losses occur because of downgrading, export, or disposal. The study indicates that materials containing 451,769 mt of chromium were consumed, including 99,221 mt of chromium from recycling, Chromium losses from all causes in 1989 were estimated to be 345,347 mt from a variety of areas. These areas and their chromium losses are as follows: processing losses, 38,825 mt; processing-downgraded scrap, 18,227 mt; manufacturing losses, 18,128 mt; manufacturing-downgraded scrap, 56,595 mt; prompt scrap exported, 1,531 mt; obsolete scrap exported, 43,443 mt; recovery losses, 155,529 mt; and recycling losses, 13,069 mt. Recycled chromium-containing material accounted for 22 pct of the apparent consumption of chromium in 1989.

Jan 1, 1994

By R. Venugopal, T. C. Rao, N. Suresh

Experiments were carried out using the cyclone to treat coal in the size range -2.0+0 mm. The diameters of the cyclone outlets (vortex finder and spigot) were varied to study their effects on cyclone performance. The cyclone products were deslimed over a screen with an aperture of 0.075 mm. The performance of the separator was studied for washing coarse coal (-2.0+0.075 mm) and fines (-0.075 mm). Performance curves were plotted for the separation of -2.0+0.075 mm coal. The concept of a generalised distribution curve was adopted to predict cyclone performance. A mathematical representation was derived from the generalised distribution curve. The specific gravity of separation for individual size fractions showed a decreasing trend with decreasing particle size down to 0.85 mm, beyond which a reverse trend was noted. It was also found that the fine size fraction (-0.075 mm) does not separate on the basis of size or specific gravity but follows the water distribution

Apr 1, 1995

By P Cotton, N Cox

The Brisbane City Council has implemented a program of continual improvement at its Mount Coottha Quarry in the heart of Brisbane, Australia. The program has been underway for the past 6 years, and has resulted in very significant improvements in terms of both the cost effectiveness of its operation, and in terms of its environmental impact on nearby residents. The work has included a focus, amongst other things, on blasting efficiency and has challenged conventional thinking in terms of the size of blasts fired, the frequency of firing, the diameter of blastholes, and the use of bulk emulsion or slurry explosives.

Jan 1, 1996

By Philip J. H. Ball

The new application and development of grout jacking processes has combined, over the last decade in particular, to provide a method by which the effects of new underground construction on superficial structures can be controlled to acceptable levels. This paper sets out the basic principles, processes and limitations of compensation grouting. It describes key elements of the philosophy and design and details the control systems required to perform satisfactorily. To illustrate the application, a case history is described for the construction of a shaft and tunnel within and beneath the prestigious structure of Harrods in London.

Jan 1, 2000

By L. A. Roe

Magnetic separation of iron ores is one of the fastest-growing segments of the minerals beneficiation industry. The tonnage of taconite ores processed annually by magnetic separation will, in a few years, reach 100 million. Magnetic separation occupies an attractive position in the field of ore beneficiation. It is a simple yet effective method, used for some 150 years and steadily growing more important. This type of beneficiation orginated in 1792, when William Ful-larton was issued a British patent covering the separation of iron ore by magnetic attraction. What is magnetism, and why are some materials capable of being magnetized and others not The study involves many unknowns, and even a partial answer to these questions would be a dissertation in solid state physics and perhaps other fields of science. But the last two decades have revealed basic facts as to why certain materials are magnetic and what happens to them when they are magnetized. Some of the newer studies in solid state physics have developed a theory that can be applied to studies of magnetism. It is claimed that magnetism stems fundamentally from the spin of electrons in atoms that tend to go in pairs, spinning in opposite directions. The atom as a whole can act as a magnet only when there is an imbalance of electronic spin. Whenever an atom has an odd number of electrons, therefore, this imbalance exists. This neutralizing effect explains why a piece of material that contains atomic magnets is not necessarily magnetic. The physicists tell us that iron is composed of many small magnetized regions called domains, which consist individually of millions of atoms. The piece of iron becomes magnetized when an external force lines up these domains in the same direction. Fundamental data developed by physicists working in fields far removed from minerals beneficiation are now available for developing better magnetic separators for ore processing. More Data Needed on Magnetic Properties of Minerals: There is less information on magnetic properties of minerals than there is for certain aspects of magnetic separator design. When the data on magnetic properties is available, it is often directed toward the study of powders for tape recorders and other highly scientific endeavors that are of little use to the beneficiation engineer. W. R. Crane's table of tractive forces, published in 1902, is still a guide in the study of magnetic minerals. Bits of other information regarding electrostatic conductivity, dielectric constant values, and permeability of various minerals have also appeared but are of small practical value in magnetic separation of ore. It is extremely important to obtain pure mineral specimens for making investigations and to record results that may be of use in studies of magnetic processes. Reference to the large volume of data developed by those concerned with analysis and design of permanent magnets soon reveals that these people have extensively evaluated the effect of various impurities on magnetic properties. Much of the science of the ferrite industry is based upon spinel-type structures which are varied by substitution of selected elements or even subtraction of elements, leaving vacant sites in the space lattice. Magnetic separators are used to beneficiate a wide variety of industrial minerals. In this application the relatively large volumes of nonmagnetics are usually the commercial products. The amount of mag-

Jan 1, 1959

The geologist is often called upon to give judgment on the possibilities of reviving a former mining field presumably worked out as far as the evidence then available indicated. From time to time, scarcity and consequent high prices of metals has led to there-examination of many old fields. The possibility of resuming investigation on them where the practical miner ceased work, even where he had the aid of the trained geologist, has long since disappeared.Means of access to mines have been removed and water fills the workings. Hence an indirect mode of attack becomes essential.This method depends mainly on past history, and may be described as a reaching out by faith supported by shrewd guessing from the known to the unknown. Apart from whatever general intelligent observations may be made in situ of the evidence of former mining activity, the method depends largely on the examination of the past history of the field as revealed in the official records, company reports, plans of underground workings, local newspaper accounts, and the testimony of practical miners formerly employedon the field, the' reliability of which has to be carefully sifted. The matter derived from the examination of these sources must next be rigorously collated and correlated where possible. When the review of all individu!1l features and aspects has been completed, tentative and speculative conclusions may be drawn which, though not verifiable before the event, will usually prove to be more serviceable guides in exploratory operations than mere "blind stabbing."As an actual illustration of what is involved in the mode of procedure outlined above, the following is the description of an investigation in which the writer took part.In 1937, during the course of the Commonwealth Aerial, Geological and Geophysical Survey of Northern Australia, a detailed geological investigation was undertaken of the Croydon gold field, situated near the south-eastern. extremity of the Gulf of Carpentaria in North Queensland.The history of the field briefly is as follows: It was discovered in 1885, reached its peak of production 1896, declining thereafter till 1906, when operations ceased. The total production was about 1,000,000 ounces of gold bullion, containing approximately 40 per cent. of silver. The gold bullion was won from flat-dipping quartz reefs, which yielded an average of 2.oz. to the ton, and the maximum depth to which production occurred was 500 feet. Subsequent prospecting below this depth failed to locate further ore.In consequence of the inaccessibility of the mines and the almost total masking of the' surface by alluvium, the investigation of future possibilities became largely an. office ,study, which was conducted under the following headings:-1. Recording of factual data of each mine separately.

Jan 1, 1950

By K. K. Kelley

Thermodynamics data for silicates have applications in the fields of extractive metallurgy, ceramics, and geochemistry. To facilitate these applications, up-to-date tables of heats and free energies of formation are needed. It is the purpose of this report to supply such tables for anhydrous silicates. During the last 15 years the heats of formation of a substantial number of anhydrous silicates have been reliably determined at or near room temperature. This resulted from the development (first by the Bureau of Mines and later by the Geophysical Laboratory of the Carnegie Institution of Washington, by the Institute of Geology of the University of Helsinki, Finland, and by the Department of Geology of the University of Chicago) of accurate solution calorimeters, employing hydrofluoric acid as the reaction medium. Specific references to work of these laboratories will be made in the next section of this report. Also, entropy data at 298.150 K. and high-temperature heat-content values are available for many of these silicates, mainly owing to work of the Bureau of Mines. Most of these entropy and heat-content data have been compiled in Bureau of Mines Bulletins (13, 15).3

Jan 1, 1962

OWING to the gradual depletion of the hitherto plentiful supply of firewood in the immediate vieinity of Queenstown and Gormanston, which caused a steady increase in the cost of fuel for domestic purposes, the Mount Lyell Company took steps several years ago to make available as a substitute electric current from its Lake Margaret hydro-electric supply. In order to make this practicable it was necessary that the cost of electric power for heating purposes should compare favourably with the cost, of fuel, and the installation of domestic appliances brought within reach of the average householder, and efforts have been continuously directed towards this end since the year 1928.WATER HEATERSThe installation of electrical apparatus in local dwellings began with hot-water services, the heating elements being the types then procurable on the market and adapted to meet requirements.These, however, did not prove satisfactory, but the study of their bilure resulted in a type being developed locally which has overcome all difficulties. The first type of water heater evolved was an outside circulation one the element of which consisted of an iron pipe through which the water passed, insulated with micanite and wound with nichrome wire, the latter being covered with alundun cement to keep it in position and prevent oxidation. This was insulated on its outside surface with a layer of asbestos flour, and connected to the hot-water container as shown in Fig. 1. It was found, however, that the iron pipe had a short life, due to a certain amount of acidity in the water, and a copper pipe was substituted which proved very durable. Some heaters with this improved type of element are still operating after six years of use. The resistance wire is run at a very low current density, which ensures durability.

Jan 1, 1927

By Stanley A. Feitler

This Bureau of Mines report deals principally with the resources and economic aspects of feldspar in the United States east of the Mississippi River. Although in a strict sense, all phases of the feldspar industry affect its economic structure, emphasis in this study is on supply, demand, and marketing. Although feldspar was originally mined for use in the manufacture of pottery and other ceramics, the glass industry, which began to use feldspar in the mid-1920's, now consumes more than half of the annual output. Most mining is open cut, and the methods used are similar to those used in mining crushed stone. Excess plant capacity has been chronic, and production is usually about 50 percent of capacity fur the industry as a whole. Since 1947, feldspar consumption has grown more slowly than the average for all U.S. industry. This has fostered intense competition, especially for the glass market. Prices have not kept pace with inflation, and profits are small. The trend of consumption through 1.970 for glass feldspar is expected to be upward; less rapid growth in consumption of ceramic feldspar is anticipated.

Jan 1, 1967

By Thornton L. Neathery

Geologic investigation of a mineralized zone in eastern Alabama indicates that large quantities of talc and soapstone are scattered over a wide area close to the surface. Laboratory experiments show that this material may be upgraded to a high-quality talc. A market survey indicates that the talc deposits may be of current and long-range interest. The anthophyllite asbestos which is associated with the talc does not appear to occur in sufficient quantities to be considered as a primary commercial source.

Jan 1, 1967

"Polycom, a new approach to ore processing based on pressure comminution, is obviously a very attractive alternative to conventional processing methods.Since a full-scale pilot plant was commissioned in 1986, more than 125 commercial installations, with capacities up to 1000 t/hr, have gone ahead.Already successfully used in processing cement clinker, limestone, coal, and other minerals, Polycom high pressure grinding results in:o Significantly reduced capital costs, because smaller units can be used m new installations;o Capacity increases of up to 100% in existing facilities; and o Operating economies that include energy savings of 20% or more, and reduced wear parts consumption.1. IntroductionAutogenous or semi-autogenous mills in conjunction with rod or ball mills are used with preference for ore processing. Most ball mills are of closed-circuit design and operate with mechanical classifiers (spiral or rake classifiers) or hydrocyclones. In other words, the ores undergo wet primary grinding, since slurries are required for the downstream separation stages anyway. This paper presents a new grinding system based on high pressure comminution of ores. This grinding process allows:- Energy savings of up to 20 % or more- Capacity increases of up to 100 % and more- Reduction of wear costs- Smaller units for new installation and thus- Reduced investment costsThese advantages are highly interesting for both new installations and conversion projects, particulary in cases where an increasing hardeness of the ore, i.e. rising Bond Work Index, reduces the output of the plants or where the metal assay of the ore decreases and the capacity of the existing systems has to be increased. POLYCOM high-pressure grinding rolls have established themselves with great success already for grinding cement clinker, granulated blast furnace slag, limestone, cement raw materials, coal and other materials.Meanwhile more than 250 high pressure grinding rolls have been installed worldwide. Capacities up to 1.000 t/h with roller diameter up to 2.8 m and drive units up to 2.400 kW are installed."

Jan 1, 1991

By J. R. Thoenen

[Before 1914 Germany held virtual monopoly on the world supply of potash for fertilizer purposes. During the world War, potash shipments to the United States ceased, and recourse was had to domestic supplies. High war-time prices stimulated interest n various sources, and domestic production increased rapidly. At the close of the war, resumption of shipments from Germany and other sources reduced prices to below pre-war levels, and, as a result, most of the domestic producers ceased operational.]

Jan 1, 1941

By Tristan H. Jones

Beginning in 1987, miniature dataloggers approved by the Mine Safety and Health Administration (MSHA) were publicly available for sale. The principal among these was the model CR21XQM, manufactured by Campbell Scientific, Inc. These dataloggers had been tested and were deemed permissible by MSHA and thus could be installed in the return air of an underground coal mine. In 1996, production of all permissible Campbell Scientific dataloggers ceased due to lack of sales. Data collection with these dataloggers has been a staple of ground control research in the United States for decades, and, without them, or a replacement, the capability to monitor ground behavior is severely impacted. Since that time, any party requiring a permissible datalogger has needed to borrow one that was purchased during the production years. In order to fill this technology gap and ensure its own data-gathering capabilities, the National Institute for Occupational Safety and Health (NIOSH) has developed and refined its own miniature data acquisition system (MIDAS). On February 16, 2010, MSHA deemed the MIDAS to be permissible and approved it for use in the return air of an underground coal mine. The MIDAS is an intrinsically safe, 16- or 24-bit datalogger, compatible with a wide range of resistive, single-ended, and differential-type instrumentation. It contains enough data storage memory to operate for over a year with typical data rates and is efficient enough to do this on a single C-sized alkaline battery for that entire period. It is menu-driven and requires no programming knowledge to operate. It supports wireless or hardwired communication for datalogger setup and data download. This paper describes the design, field and laboratory testing, and capabilities of the MIDAS datalogger. While not as fully -functioned as the CR21XQM, it is the only new permissible datalogger available, and there is intent to make it available to the mining industry for purchase.

Jan 1, 2012