Forward-Looking Statements This presentation includes certain statements that express management’s expectation or estimates of future performance and may be deemed “forward-looking statements”. These forward-looking statements include plans, estimates, forecasts and statements as to management’s expectations regarding the Company mining projects. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information. United States residents are cautioned that some of the information that may be published by Mosquito may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information. Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and Director of Mosquito is the designated qualified person for the CUMO Project, and prepared the technical information contained in this disclosure.
Company Profile � Headquartered in Vancouver, Canada � A Mining Exploration and Development company listed on TSX Venture Exchange – MSQ � Diverse Portfolio of high-return Precious and Base Metals projects, significant exposure to gold � Projects located in North America and Australia, both low political risk environments � Commitment to maintaining high percentage of multi-element properties � Strong, proven management team and Board of Directors with decades of mining industry experience
History of Mosquito � Mosquito Consolidated founded in 1971 as Mosquito Creek Gold Mines Ltd. � Company put Mosquito Creek gold mine into production in 1980 � Mosquito Creek one of the top five historic gold producing mines in British Columbia � Current management has been in place Mosquito Gold Mine since 1991 � Company actively exploring globally for over 15 years � Company has strategically built an impressive portfolio of projects having long-life mines, multi-elements, and multi-billion dollar resources
Diverse Portfolio of Projects Mosquito’s projects are concentrated in areas of low political risk and mining-friendly environments, resulting in a portfolio of properties second to none.
Molybdenum - The 21st Century Metal MOLYBDENUM is known for its use in production of steel alloys due to its: � Strength � Weld ability � Corrosion resistance The uses for Molybdenum, especially in the area of environmental pollution control, are expanding on a yearly basis at a rapid rate: � Major demand from huge oil pipeline infrastructure � Nuclear reactor construction � Ideal for severe abrasive conditions � Used in sulfur scrubber towers � Brewery and Piping systems � Pollution control equipment
Molybdenum - Supply vs. Demand Metal Analysts are predicting an increase in demand of 5 to 7% annually during the next decade for molybdenum with only a moderate increase in production. Demand for molybdenum is being driven by: � Oil pipelines, both new and old being replaced, with an estimated demand of 500 to 600 million lbs of molybdenum � Nuclear reactors and waste storage facilities that will require at least 400 to 500 million lbs of molybdenum � Coal liquefaction and tar sands oil expansion requiring large amounts of molybdenum as a catalyst � Increased activity in off-shore drilling for oil and gas, expected to rise 30% over 10 years � Continuing high rates of industrialization in China, India, Russia and Brazil � NEW USE : Agriculture shows applying 0.5 to 1lb Mo per acre improves crop yields by 30% Molybdenum is benign to environment. The entire worlds yearly production of Molybdenum would be required to cover just the USA agricultural land. � Increased interest from Asia – Japan and Korea building ‘strategic’ moly inventories
Molybdenum - Supply vs. Demand Cont’d 700,000 supply(millions lbs) Low Cost producer CUMO would fill demand as by -prouct Molybdenum Demand(millions lbs) drops 600,000 Forecasted 500,000 Roasting Capacity 400,000 300,000 200,000 100,000 0 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 9 9 9 9 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 2 2 9 9 9 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 Sources : Existing producers, CRU, IMOA 2006-20020, USGS
CUMO Deposit Key Facts � Largest un-mined open pit molybdenum deposit in the world Only 23% of deposit drilled to date � � Potentially the world’s lowest-cost producer and single largest producer (80 million lbs per yr) CUMO deposit currently contains: � Indicated Inferred Metal 1.84 2.29 billion pounds of molybdenum oxide(MoO3) 2.21 3.66 billion lbs of Copper (Cu), 95.0 158.5 million ounces of silver (Ag) and 127.3 175.5 million lbs of Tungsten (W) 1.44 2.52 billion tons NI 43-101 confirmed � By-products Cu, Ag ,W, Re and sulphuric acid cover most of the production cost � $70 billion dollars of recoverable metal � Low strip ratio and 100% owned interest
N CUMO Infrastructure 2008 Resource � 60 miles from Thompson Creek – a mine which supports the richest county in Idaho and has won several environmental awards. CUMO Mineralized CUMO located in one of the poorest � Zone counties in Idaho – mine would greatly benefit county � Extensive logging and mining throughout the area � Easy access using state highways and forestry service roads Grimes Ck � Extensive downstream (40 km) of gold Placer Tailings placer tailings below project. 3 Million ozs Au Hwy � Power and water accessible near site 21 � Boise, Idaho 35 miles away, a major Idaho economic centre and industrial centre City 5 Miles
CUMO Project View looking South East 2009 Indicated 2010 proposed Resource Site Completed Site Mineralized Zone 250 meters
CUMO Long Section CUMO high-grade near surface - Low Strip Ratio Open Pit Stage 2 Stage 3 Pit Boundary Stage 1 Pit Boundary Pit Boundary South North Undrilled Cu-Ag Zone Undrilled Cu-Mo Zone Possible final Pit Boundary Undrilled Drill Hole Mo Zone Proposed Completed Cu-Ag Inferred > $22.50 per ton Indicated >$22.50 per ton 1500 FEET Cu-MoS2 Note: GRV Values are US$, Inferred $7.50 to $22.50/ton Indicated $7.50 to $22.50/ton MoS2 after recoveries are included (stockpile) (stockpile) as per Giroux 2009
CUMO Conceptual Pit – Stage 1 – mine year: pre-strip to 1 Based on 150,000 tons per day case. 2009 Indicated 2010 proposed Resource Site Completed Site Mineralized Zone 250 meters Main Zone
CUMO Conceptual Pit – Stage 2 – mine year: 1 to 7 Based on 150,000 tons per day case. 2009 Indicated 2010 proposed Resource Site Completed Site Mineralized Zone 250 meters Main Zone
CUMO Conceptual Pit – Stage 3 – mine year: 7 to 16 Based on 150,000 tons per day case. 2009 Indicated 2010 proposed Resource Site Completed Site Mineralized Zone 250 meters Main Zone
CUMO Conceptual Pit – Stage 4 – mine year: 16 to 40 Based on 150,000 tons per day case. 2009 Indicated 2010 proposed Resource Site Completed Site Mineralized Zone 250 meters Main Zone
CUMO Conceptual Pit – Stage 5 – mine year: 40 to 50+ Based on 150,000 tons per day case. 2009 Indicated 2010 proposed Resource Site Completed Site Mineralized Zone 250 meters Main Zone
Metallurgy Summary Excellent recoveries of Mo, Cu, Ag, even from low grade material � � Cleaner Concentrate Recoveries (3 cleaning stages): Cu-Ag zone: 82.2% Mo, 63.3% Cu,71.6% Ag Cu-Mo zone: 93.7% Mo, 88.6% Cu and 80.0% Ag Mo zone : 96.2% Mo, 81.8% Cu and 58.3% Ag � No problematic minerals such as pyrite, clay or talc. � Straight forward flotation mill flow sheet, low reagent consumption and thus low operating cost. � Preliminary tests indicate tailings are acid neutralizing (non-acid generating), which will result in substantial cost savings and faster permitting. � Able to produce two concentrates : Cu with Ag (>20% Cu) and Mo (>50%) � Cu concentrate sold to smelter, Mo concentrate roasted at CUMO controlled facility. � Preliminary Tungsten recoveries indicate 40% from concentrator and 26% from tables. Chemical recovery techniques are being examined to replace the tables. � By-product rhenium and sulphuric acid quantities are recoverable. 1 ton of MoS2 concentrate will produce 31 to 35 gms Rhenium and 2 tons of Sulphuric acid
Recommend
More recommend
