Highlights

• Polymetallic mine with significant deposits of tungsten, fluorspar, bismuth, copper and gold
• One of world’s largest identified tungsten deposits outside China, with 52.5 million tons of ore with average WO3(tungsten trioxide) grade of 0.21%

• Once in production, Nui Phao will be the largest producer of tungsten outside China, and among the largest producers of acid-grade fluorspar and bismuth in the world

• With open-pit mining and low strip ratio, will be one of the lowest-cost producers of tungsten in the world

• Favorable location with convenient access to railway, roads and ports

• Significant progress made, with production set to begin in early 2013

• Additional exploration potential to extend the mining life past the current plans of 16 years