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Annual Report for the Maybell Mine <br />2001-2002 <br />No mining or excavation occurred at the property during the past year. <br />At this time construction activity is scheduled for next year. Umetco expects to borrow <br />approximately 35,500 cubic yards of material from the site during the 2003 construction <br />season. <br />A map is not enclosed because there has been no activity at the site since the last map <br />update. <br />Maybell Mine Annual Report 2002.doq 06/21/02 <br />