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Westwood Quebec Long Life, Low Cost CONSTRUCTION UPDATE ? Shaft advanced to 840m (after 1 year), 3 km of down ramp and 2 km of exploration drift ? Head frame and hoist room structure completed ? 2009, 84,700m drilling program completed (increase 9%) 2010 OUTLOOK ? $102 million expenditures planned ? Shaft to advance to 1,300m and the first loading excavate 71,500m drilling program planned

May 1, 2010

Background Chronology 2008 Positions May 8, 2010 Summit Going Forward Say one thing and do another ??Genuine passion to see our customers succeed?, ?A passion for exceeding our customer?s expectations? Self serving actions to gain competitive advantage at the expense of the customer No single supplier or technology can manage the overall mine and its integrated operation - April 2005: Informal meeting at Toronto CIM 2004 -Unanimous interest - July 2005: Formal Calgary Meeting, developed: - Scope and vision statement , - OEM/OTM communication plan, - industry communication plan - Aug?Nov 2005: Aligned with SMART - Nov 2005?May 2006: Direct OEM, OTM communication - May ?Sept 2006: Developed baseline standards - Sept -April 2007: Developed SMART document - Sept 2007: Document distribution and request OEM OTM response - Jan ?May 2008: Acquired OEM OTM feedback and positions May 2008: Results presented to SMART and discussions on next steps

May 1, 2010

By Greg Barnes

Agenda ? The Mining Stock Life Cycle ? Current Environment ? Valuation ? Golds ? Valuation ? Base Metals ? Case Study ? Quebrada Blanca Hypogene Commodity Investment Cycle ? Macro-Economic Indicators ? LME Inventories ? watch the trend; rising inventories ? bad for prices, declining inventories good for prices ? OECD Leading Indicators ? PMIs ? Purchasing Manager Indices ? Industrial Production ? more important for metals consumption than GDP ? Housing Starts ? US, Europe ? Auto Sales ? All things China ? metal imports/exports; SHFE inventories; SRB stockpiling ? Seasonality ? it does play a role ? What is Chris Dutton (TDSI Quantitative Analyst) saying?

May 1, 2010

By Constantin D. Pitis

?Demand-side measure" means a rate, measure, action or program undertaken to conserve energy or promote energy efficiency?? (BCUC, 1996) In actual economical environment, business sustainability requires high-efficiency technological processes. That is why the efficiency concept has to be present at all levels of industrial activities. Nowadays, some purchasing decisions are still driven predominately by the purchase price, in spite of the evidence that such price represents up to 5 % to 7 % of the total costs of ownership with full consequences of energy efficiency and the impact on total ownership costs. The paper presents essentials of converter types and basics of the Global Efficiency (GEff) Concept that has been promoted over the last few years in South African industries (Pitis et al., 2006/7). GEff concept is proven as a useful tool used on price-efficiency decisions. Theoretical and technical aspects of this concept were substantiated with case studies. First part presented in this paper will describe how GEff concept was used on price ? efficiency decisions when single input or direct converters and systems (considered as low value equipments) have been replaced. Besides the impact of energy savings and new innovative developments, the paper suggests general other benefits of: ? Technical and economical performance improvements and competitiveness of mining corporations to international standards; ? Defusing incipient energy crisis in the sector; ? Improving environmental conditions; ? Creating new job opportunities in mining sector. Proposed concept in this paper could be further developed as models of improving companies? corporate energy policies.

May 1, 2010

The provision of professional engineering services in Queensland is regulated through the Professional Engineers Act 2002. The Act requires that anyone providing professional engineering services must be registered and is subject to continuing professional development requirements. The engineering profession is actively requesting the Queensland Government to expand registration to include associate and technologist engineering practitioners. In view of the strong moves at the Federal level towards national registration of professional groups the lessons of the Queensland experience are very relevant across Australia. This paper describes the rationale behind the Act and outlines its operation. It discusses some misconceptions regarding the applicability of the Act to various engineering activities. There is much that the Act has to offer individual engineers and industry generally in establishing, articulating and maintaining standards for professional engineering work. The paper considers legal actions taken to date under the provisions of the Act and discusses the way in which this parallels industry moves towards quality assurance of work force capability.

May 1, 2010

By Fernando Romero Lage

The purpose of this paper is to analyze detailed crushing and screening configurations and the interrelationship as they relate to mass flow balance, operating efficiency, plant availability and final production. The entropy of ore bodies limits the standardization of crushing and screening plants, however, consideration for a continuous and sensible assessment of the mass flow balance of the circuit will yield the best achievable results. Since energy costs have continuously risen in the last few years, it is imperative that these circuits offer low power requirements and low operating expenses. The paper will detail how the efficient implementation of continuous mass flow balance in the application of crushing and screening plants will generate quality improvement and process improvement, which will translate into bigger production and energy savings.

May 1, 2010

By Sean Junor

Cameco Corporation ?One of the world?s largest producers of uranium ?Operations in Saskatchewan, Ontario, the United States and Kazakhstan ?Development projects in Australia ?One of the best employers for Aboriginal Canadians Geographic location ?Remote or northern operations ?Northern Saskatchewan ?Residents of Saskatchewan?s north (RSN) ?Wyoming ?Nebraska

May 1, 2010

Real Time Monitoring of Cemented Paste Backfill Introduction Methods ?how to instrument a Long Hole stope Key Results from 2 case studies: barricade pressures and displacement, in-stope pressures Importance of Real Time Monitoring How binder, rise rate, cement content affect fence pressures

May 1, 2010

With the launch of Immersive Technologies' next generation of Advanced Equipment Simulators for the mining industry, correlating and influencing safety, productivity and maintenance with operator competency improvements is now made even more effective. In early 2008, Immersive assembled a project team to investigate the potential linkages between operator competency and performance. Advanced Equipment Simulator Users with a range of sophistication were interviewed and consulted. The result was new and enhanced 'value realisation' programs to directly assist mine sites to deliver the expected return on investment (ROI) from simulators and operator competency development. In just over one year, 29 mine sites around the world have benefited from 34 completed programs. Case studies have been compiled to demonstrate the impact of the implementation of this approach, including at the following operations: Anglo Coal - Callide (Australia), Freeport McMoRAN - Grasburg (Indonesia), Equinox Minerals - Lumwana (Zambia), Peabody Energy - Cabllo (USA), and Xstrata - Lomas Bayas (Chile). Significant performance improvements have been achieved including: reductions of 47 per cent in gear shifting and 37 per cent in over speed errors, improvements of 68 per cent in park break errors and 12 per cent in spotting time, and increase of 54 per cent in passing emergency fire handling competency tests. This presentation draws on these case studies to clearly demonstrate the linkage between improved operator competency through the implementation of training programs tailored around Advanced Equipment Simulators and production performace measured by a range of standard metrics at mines around the world.

May 1, 2010

By L. Mohammadi

Outline ?Background on the accident at the Sullivan Mine No.1 Waste Dump ?Holistic approach to understand the reason for accidents (Atmospheric) ?Specific hazards at reclamation sites ?Regular atmospheric risk assessment at reclamation sites ?Fuzzy risk assessment ?Managing risk at legacy sites

May 1, 2010

By Stephan Day

Comments on Robust M3 to Protect Water Quality ?Regulatory and philosophical thinking have tended to evolve at decade scale since 1970s. ?Mines typically last more than a decade. ?Robustness is defined by the ability to adapt to new realities. Managing Water Quality in BC ?1973 ?BC Pollution Control Objectives ?1977 ?Federal Metal Mine Liquid Effluent Regulation (Fisheries Act) ?Late 1980s ?Philosophy of ?Designing for Closure? ?1990s ?Designing for Acid Rock Drainage Management ?2000s ?Awareness of need for water quality management in general, regardless of acidity

May 1, 2010

By David Nicholls

?Overview of New Afton ?Reserves and Resources ?Geology and Mineralization ?Exploration ?Capital Project Development to Date ?Mine Development ?Processing ?Construction ?LOM ?Health, Safety, Environment and Social Responsibility Overview of New Afton ?Fully owned by New Gold Inc ?Large gold-copper porphyry deposit, amenable to block cave mining, production commencing in 2012 -1 million ounce gold reserve -1 billion pound copper reserve -Estimated 13 year mine life ?Low operating cost ?Estimated capital expenditure requirements -Spend to date ?US$200million -Remaining to be spent ?US$400milllion ?Robust economics ?Excellent location and infrastructure ?Significant cash flow contributor for the Company

May 1, 2010

CORPORATE SOCIAL RESPONSIBILITY CSR is about how companies manage the business processes to produce an overall positive impact on society. - Indentured work, sexual slavery, fair trade, organic growing, business ethics, environmental issues, ?Right to know -Right to decide?, AIDS activism, civil society - Balancing stakeholder issues - Government responses Who are the bad guys? Where are the threats?

May 1, 2010

Safe, efficient production is a common objective for all large open pit mines. Despite comprehensive policies, procedures and regulations aimed at protecting workers, several people die each year in mining equipment-related collisions. The limited sightlines of heavy equipment operators coupled with difficult operating conditions are major contributing factors to the majority of mining equipment collisions. Off road haul trucks are the most common type of machinery involved in surface accidents. These vehicles represent the primary target for improving safety performance by mine operators. Although several commercial products have been introduced to address these issues, none have achieved significant market acceptance. The current collision avoidance solutions lack integration with onboard fleet management and equipment health systems. To achieve acceptance in industry, any collision avoidance system must offer high reliability, minimal false alarms, and value for money. With these criteria in mind, this paper will examine the pros and cons of the various technological approaches to collision avoidance in an open pit mining environment. The unique global positioning systems (GPS) and camera-based proximity detection solution on offer from Modular Mining Systems will be described. This solution uses intelligent filters to minimise false alarms. Tight integration with fleet management provides context information to enhance warnings and enable back-office near-miss analysis. Available today, this combination creates a practical solution to improve the situational awareness of heavy equipment operators, at a compelling price point. Future directions for maximising heavy equipment operator situational awareness will also be examined.

May 1, 2010

By Jacek Paraszczak

Possibility to move human workers away from dangerous places ?enhanced safety and improved working environment; ? Increase of actual operational time: ? Less losses due to shift changes, regulatory breaks, blasting periods, ventilation after blasting, etc.; ? Possibility to work in extremely dangerous conditions where man-operated machine could not be used (for example: ST-14 loader in backfilling operations in the Kemimine, following roof collapse). Reduction of the production cost through: ? Lower maintenance cost (less damage due to operator?s mistakes and no machine abuse); ? Higher productivity and effectiveness of the equipment (less machines to meet production targets, less operators required, lesser maintenance cost...). ? Although personnel health and safety are key drivers behind autonomous operation of mobile equipment in U/G mines, with significant capital and operation costs one expects to achieve: ? Productivity higher, or at least equal to that offered by man-operated equipment and systems; ? Lower production cost. Therefore, high effectiveness of the autonomous equipment is crucial to succeed.

May 1, 2010

By Patrick R. Stephenson

The current version of the JORC Code was issued in 2004 and since that date the Australian Securities Exchange, in collaboration with JORC, has issued a number of companies? updates to provide guidance on various reporting issues. An interim review will be undertaken during 2010 to meld these updates with the current 2004 Code. This will be followed by a full review during 2010/11 covering all aspects of the Code and focusing particular attention on: ? clauses / guidelines relating to Exploration Results1, exploration targets and the reporting of historical estimates; ? issues relating to the Public Report2, including definition, the requirements for Competent Person sign-off, level of disclosure and mandatory requirements; ? guidance on techniques to quantify resource / reserve estimation uncertainty; ? the level of study required to convert Mineral Resources to Ore Reserves, and disclosure of prices and economic factors; ? expansion of the requirements for reporting of marketable material for bulk commodities; ? the use of language and tone that anticipates new and emerging technologies and techniques for the qualitative and quantitative measurements of data; and ? linkages to valuation and the valuation code (The VALMIN Code). Although the Canadian and Australian reporting regimes for public statements on Exploration Results, Mineral Resources and Mineral (Ore) Reserves are similar in intent and coverage, they differ in detail, sometimes substantially. Canadian requirements are generally more wide-ranging and prescriptive than Australian requirements, including in the need in many situations to publicly lodge a Technical Report, a requirement that does not exist in Australia. Australian-listed companies seeking to list in Canada, and Competent Persons seeking to act as Qualified Persons in Canada, need to ensure that they are fully conversant with Canadian regulations and how they differ from those in Australia.

May 1, 2010

By Ian D. Pirie

Presentation outline ?Project location ?Geology ?Resources and reserves ?Results of the FEED study ?Social and environmental considerations ?Project path forward

May 1, 2010

When looking for indicators for the mining business ? and these days who isn?t? ? one might need to look no further than the SME Annual Meeting. Held in Phoenix, AZ Feb. 28 to March 3, the meeting was, by almost any measure, a record-breaking success. Attendance included 4,937 industry professionals. Many of whom, feeling rejuvenated following the worst economic recession since the great depression, were greeted with a record 630 exhibits and 103 technical sessions covering all aspects of the mining and minerals business. Adding to the general optimism of the future was a celebration of the past and re-cent achievements in safety and health. The theme of this year?s meeting was ?Celebrating 100 Years of Mining Research? and the emphasis on advancements in safety was evident from the keynote address that kicked off the conference, to the field trips, to the Resolution and Safford mines that concluded the meeting.

May 1, 2010

Who is CIBC? ? Canadian Imperial Bank of Commerce (?CIBC?) is a leading North American financial institution. ? Total Assets: US$315 billion ? Market Capitalization: US$29 billion ? CIBC comprises three strategic business lines: ? CIBC Retail Bank ? CIBC Wealth Management ? CIBC Wholesale Bank ? CIBC Wholesale Bank is a leading North American investment bank with niche capabilities in Asia, Australia & Europe. ? 1,000 + employees around the world ? Product range includes: Mergers & Acquisitions advisory and financing, Equity and Debt issues, Merchant Banking and Strategic Lending ? CIBC is ranked as the #1 investment bank in Canada across most of its key products and industries ? #1 Equity Underwriter in Canada ? #1 Mergers & Acquisitions Advisor in Canada

May 1, 2010

Improved Process & Practices Result In: ? Reduction of undesirable downtime, & expensive secondary damage ? Improved equipment performance & health ? Extension of equipment life, & reduction of operating costs ? Safety and environmental performance improvement Equipment knowledge capture and consistently applied

May 1, 2010