UPDATE: MONDAY, SEPTEMBER 22, 2008

EVERYONE HAD A BLAST AT THE AGM

This year’s AGM was held on September 17th in our corporate offices in Salt Lake and at the mine site on September 18, 2008. We had over 30 shareholders at the AGM and over 50 visit the mine during two tours. Thanks to Steve Gilbert and his helicopter, the morning tour got to see an aerial view of the mine and the operation (Figures 1 and 2).

Figure 1: Aerial Photo of Mining in Progress

Figure 2: Aerial Photo of Crushing and Stockpiling

The afternoon tour got to witness a blast at the mine (Figures 3, 4 and 5).

Figure 3: The Blast Starts

Figure 4: It is a Big One

Figure 5: The Dust Settles

THE MINING OPERATION

The mine is currently operating at approximately 5000 tons per day. The material is hauled after blasting (Figure 6) to the crusher stockpile.

Figure 6: Mining After Blasting

After crushing, the stacker then blends the material onto the new 150,000 ton stockpile that is currently being constructed.

Figure 7: Run of Mine Material Added to the Stockpile

RAIL CARS AND ENGINES

Additional rail cars have been delivered to the site (figure 8) and the first of two engines (figure 9) should be delivered this week.

Figure 8: Rail Cars Sitting on Interchange Tracks

Figure 9: Engine Being Painted for Delivery to Iron Mountain