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- 2009 Resource Estimate of Moly Brook Zone includes an Indicated Resource of 86.8 million tonnes grading 0.065% Mo (124.6 million pounds) and an Inferred Resource of 31.2 million tonnes grading 0.056% Mo (38.6 million pounds) at a 0.04% cutoff grade (NI 43-101 compliant)
- 2009 Resource Estimate report outlines Indicated Resources of 120.0 million pounds of molybdenum and Inferred Resources of 32.1 million pounds of molybdenum are contained within a pit shell, which has an estimated strip ratio of 2.03:1, including the potential for a higher grade starter pit with an estimated strip ratio of 1.09:1 hosting Indicated Resources of 43.4 million pounds of molybdenum and Inferred Resources of 4.3 million pounds of molybdenum
- 2009 metallurgical work completed was successful in determining that in bench scale tests rougher stage molybdenum recoveries in excess of 90% can be achieved
- In 2008, a drill program totaling 11,640 metres and a trenching program successfully expanded the size, defined and confirmed the molybdenum mineralization, which projects to surface and is open at strike and at depth
- In 2007, an initial drill program totaling 3,633 metres successfully encountered consistent near surface, high grade molybdenum over significant widths
- Located in a mining friendly district on the southern coast of Newfoundland, less than 4 kilometres from a deep water, ice free, navigable fjord with access to electric power 80 kilometres to the north, a freshwater source and a favourable mining infrastructure
- Significant historical drill results (not 43-101 compliant) at Chimney Pond Zone on trend and approximately 2km to the south of the Moly Brook Zone highlights the size potential of this molybdenum deposit
