Prefeasibility Study Breeder Farm BALPREF08/May, 2008 II DISCLAIMER The purpose and scope of this information memorandum is to introduce the subject matter and provide a general idea and information on the said area. All the material included in this

Feasibility Studies: Keys to Success. The keys to a successful feasibility analysis include: The study must be based in reality — not pure speculation or abstract theory. This usually requires primary and secondary market research, to understand whether or not customers will buy, or if investors will invest. The project,...

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In mid 2011, following the successful expansion drilling of the Cerberus mine, the Company decided to undertake a full DFS study for the project with the intention of moving into production. The DFS study is now being completed with review and assessment by an independent technical expert.

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SRK was commissioned to conduct an independent review of a Bankable Feasibility Study (BFS) completed in 2010 on an underground platinum mine. The greenfields project is a 300,000 tonne per month, twin shaft access platinum mine, located in the eastern portion of .

OVERVIEW. These studies were a continuation of the prefeasibility study completed on the projects in 2012. Under the feasibility study, Kirazlı is expected to produce an average of 104,000 oz of gold at minesite allin sustaining costs 1 of 373/oz over a 5 year mine life.

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Dimension Stone Feasibility Study – Page 3 of 88 Acknowledgements The following people were instrumental in the success of this project. Without their help with research, investigations, fieldwork, analyses, and encouragement, Michigan's dimension stone potential would not have been explored.

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