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Strategies & Market Trends : Ride the Tiger with CD

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From: Proud Deplorable	1/16/2007 5:55:29 PM
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Adanac 2007 Agenda ------------- 2007 Projection: - Detailed engineering is priority. As this work moves forward the procurement of "long lead time" major pieces of plant/infrastructure is critical to maintaining the aggressive schedule to complete construction by end of 2008. - A production decision will be made in the first quarter. - Receipt of Mining & Environmental Permits are slated for end of first quarter - Start of construction is expected by mid-year when winter precipitation is clear of the property. - Major financing is expected to be structured and completed in the second quarter. - An Impacts Benefit Agreement (IBA) for Taku River Tlingit First Nations is to be completed in the second quarter of the year. - Approximately 1.5 kg of high grade Molybdenite concentrate product has been produced for samples to potential end users. - This year's exploration programme will include further work to test the new zone of molybdenum mineralization discovered to the southwest in the 2006 field work. - An independent review of the geotechnical basis for the tailings impoundment, waste dumps & site water management has been completed and finds no significant errors/flaws in the feasibility work completed.

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