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• 49 -M million pounds per year production in 1980 81981 <br />• 2 -20 million pounds production per year between 1982 and <br />1995 <br />• Standby 1996-2004 <br />• <br />2004 It 2005- Evaluating production opportunity during high <br />market but have remaining ramp -up capacity at Henderson <br />Total property management spending since 102 (excluding <br />1895) has been $112 million <br />Reclamation spending 1987-2004 has been $59 million <br />Current annual property management cost Is $8.10 million, <br />excluding major reclamation projects, with staff of 18 plus <br />consultants <br />Recent Climax Mine production reviews <br />Continual review of operational scenarios <br />2005 review of possible pre haul to Henderson MITI <br />• 2000 tons per day from tocken ore stockpile <br />• 10 dedicated highway haulage trucks making ao round trips pm <br />day man Climax to Henderson MITI <br />• <br />High unit cast due to highway haulage <br />• Uncertainty on maker duration <br />O'ClimaxiVolybdenum xne wx wroth s <br />APnelpsneegr Company Imp^uMmBnt of <br />Time, Iona of <br />capacity <br />■ TheT 1.a Tailing <br />--'- -- - -- " - Irepountlmeor has. <br />30 MM ton capacity <br />Climax Mine and Reclamation Planning , remains. rpa IL <br />approximately <br />Iran axl911n° <br />footprint <br />