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By Reinis Sipols

AGENDA ? Introduction ? Definitions and Key features ? PEA - Preliminary Economic Assessments ? PFS ? Preliminary Fesibility Studies ? FS ? Feasibility Studies ? Costs and Risks ? Cash Flow, Economic Analysis and Reporting ? Recommendations for Improved FS accuracy INTRODUCTION ? The reporting of material information on mineral deposits has been governed by NI 43-101 legislation for almost a decade. ? The investment sector depends on the independent, professional QP to provide objective observations, comments and recommendations through all levels of geological, engineering and financial evaluation until a mine construction decision has been made.

May 1, 2013

By L. D. Smith

Net Present Value Impact of Discount Rate The Discounted Cash Flow (DCF) method of valuations is universally used and accepted. The main criticism of the method is that it does not recognize the value of projects long life projects. This can be seen in the preceding graph where the present value of cash flows in later years are small for discount rates over about 10%. This graph covers a project that has a 25 year operating life. It is clear from the low height of the NPV bars at 10% and 15% in the last years of the project that an additional 25 years would add almost no value to total project NPV. As an example of this effect, an colleague undertook the evaluation of a pulp and paper project. The plant could be justified, but it was not possible to justify planting the trees as they took too long to grow and so had not appreciable NPV. The plant had to purchase wood to feed the plant.

May 1, 2013

By D. S. Evans

Major Project Blues Over the last two decades, almost every major project has suffered significant cost overruns, significant schedule delays, and/or poor quality work. Exceptions are rare and most projects that tout being ?On Time and Under Budget? have re-cast schedules, significantly modified scope or revised base estimates. The problem isn?t new. In the late 1980?s the Rand Corporation published a study showing that 80% of all major projects had significant cost and schedule overruns. The problem is not restricted to the Canadian environment, or to a specific industry. It is a global problem.

May 1, 2013

By Rob Kelso

What is a Lunabot? ?Robot Controlled Remotely or Autonomously ?Visual and Auditory Isolation from Operator ?Excavates Black Point 1 (BP-1) Simulant ?Weight Limit - 80 kg ?Dimension Limits - 1.5m width x .75m length x .75m height ?Designed, Built and Tested by University Student Teams

May 1, 2013

Operationalizing the Ruggie Framework in a Mining Context Ruggie?s 3 Pillars: The State?s duty to Protect Policies, regulation, adjudication The Corporation?s responsibility to respect Acting with due diligence to avoid infringing Addressing adverse impacts when involved in abuses Access to Remedy ??even the most concerted efforts cannot prevent all abuse.?

May 1, 2013

By Robin Phinney

Certain statements in this presentation may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, pe1formance or achievements of the Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this presentation, such statements use such words as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate" and other similar terminology. These statements reflect the Corporation's current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessa1ily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including, but not limited to, the factors discussed in the Corporation's annual information form filed on March 9, 2011. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, including environmental approval, the failure to secure full project financing, the failure to implement the recommendations set out in the Technical Report, the failure to raise financing to implement the recommendations in the Technical Report, risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to production, reserves and resources, costs and expenses; and health, safety and environmental risks), decrease in potash prices and exchange rate fluctuations. Although the forward-looking statements contained in this presentation are based upon what management of the Corporation believes are reasonable assumptions, the Corporation cannot assure shareholders that actual results will be consistent with these fonvard-looking statements. These fon\?ard-looking statements are made as of the date of this presentation and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Corporation assumes no obligation to update or revise them to reflect new events or circumstances. This presentation is a market update based on the Corporation's public disclosure and does not form a part of any offer of securities, or constitute a solicitation of any offer to purchase or subscribe for securities. Any purchase of securities in the company should be made solely on the basis of information contained in the Corporation's public record which is available on www.sedar.com .

May 1, 2013

By Laura A. Sanders

Mineral scale formation is prevalent in numerous mining operations. Such scale formation can occur in the direct-contact heat exchangers ahead of an autoclave. In these heat exchangers, the incoming slurry comes into contact with steam in a stage-wise fashion, which is re-circulated from the downstream flash vessels to heat the slurry in stages ahead of the autoclave. Calcium sulfate scaling causes severe problems in mining operations where increased temperatures are involved due to rising temperatures promoting calcium sulfate scaling through a decreasing solubility. In a number of these operations, the scale formation can occur in the presence of mineral solids, where fine-grained charged particles are at concentrations in excess of 35%. Scale prevention is not difficult in standard aqueous systems; however, the presence of solids leads to significant deficiencies in the prevention of scale due to the adsorption of the polymer onto the charge solids instead of the polymer interaction with the scale. Therefore, a technical solution to prevent mineral scale build up occurring in presence of pulp slurry in mining operations is needed. Several novel antiscalant technologies were developed and evaluated which provided a substantial improvement in the scale prevention in such systems.

May 1, 2013

By M. H. ElMaghraby

This paper describes the development and validation of a strategy for vibration-based online detection of faults in a particular class of machinery commonly found in industry. This machinery is defined by two basic characteristics that preclude it from the application of standard online condition monitoring approaches. The first characteristic is that the machine is in a constant state of transient operation, thus making it difficult to differentiate between changes in transducer measurements that are due to variable duty and those that are due to machine malfunction or fault. The second characteristic is the fact that the machinery involves multiple sub systems that are subject to identical and simultaneous loading, operating environments and duty cycles. An example of such machinery is a system of multiple hydraulic pumps driving a common load. The monitoring strategy presented here employs an anomaly detection scheme together with methods of signal processing and feature extraction that exploit the parallel duty arrangements of this equipment. Preliminary data is collected from a pair or motor-gearbox assemblies used in a material haulage system in the mining industry. Testing and validation was performed on a mechatronic test bench with both healthy and faulted components. Experiments were carried out to investigate how various configurations of the system were able to detect different types of faults. The results indicate that this approach is effective and merits further investigation.

May 1, 2013

By Blair Hrabi

Introduction; ?Risks Associated with the Resource Estimation Process; ?Limitations of Available Data; ?Geological and Structural Control of Mineralization Trends; ?Recognizing Multiple Mineralization Controls and Complex Trends; ?Accurate Geodomaining; ?Conclusions.

May 1, 2013

By Jason Mewis

Jason Mewis is the founder and president of ENGCOMP, a consulting engineering firm in Saskatoon Saskatchewan focusing on the mining sector. He has over 17 years of experience working on projects for the heavy industrial market in Saskatchewan, as both a Senior Structural Engineer and Project Manager. Jason is an entrepreneur with experience in many areas including estimating, planning, facilitation, and Risk Analysis. He has presented at many seminars and conferences across North America on the subject of Project Risk and and has become recognized for his expertise in this area of project management.

May 1, 2013

?Four-wheel, skid-steer, rover developed for CSA ?U-chassis for payload accommodation ?Passive geometric suspension ?Max speed 13km/hr ?Remote workstation ?275kg payload capacity ?On-board processor, IMU, motor encoders ?5.2kW-h battery capacity

May 1, 2013

By G. F. Trainor

The complex ore body at CNRL?s Horizon mine presents some unique challenges in managing ore and waste delivery. With 25m x 25m ore blocks shovels often take bucket loads from multiple blocks to fill one truck load. With CNRL monitoring 22 different qualities per material a precise calculation of the blended quality of ore on the back of each individual truck is essential to meet the daily blend requirements at the plant. Additionally, one of these qualities must be closely monitored and controlled at a singular level as delivery of certain grade and quantities can cause serious disruptions at the plant. The waste material also requires special handling and delivery for its use in dyke construction for tailings impoundment. Shale materials used in the construction contain high levels of saline that must be contained to prevent seepage into ground water. This paper will discuss how the use of Wenco?s survey-grade GNSS system on shovels, its dispatching algorithm, and fleet management applications give CNRL the ability and confidence to control and report on these three issues.

May 1, 2013

By Michel Carreau

Presentation topic Introduction to Renewable Power in Remote Mining Industry Trend What are the Challenges and How to address them Acceptability (Management Buy-in) ? RP not core business to mining company Significant upfront costs Project Risks - Technological and Delivery Wind and solar power variability Operating hybrid power (Operator Buy-in) Conclusion Introduction ? RP at Remote Mining Sites Mining Project Cost Energy represents 25% of mining project CAPEX Energy represents 25% of OPEX Diesel, HFO, ? cost : 30+ cents/kWh RP - Proven technology - Excellent track record ?Wind (20 years), Solar PV (10+ years)? Hundreds of GW installed ?Reliable, High availability, very small OPEX. ?Wind/Solar cost : 15 to 22 cents/kWh (with good resource) ?Potential 10% to 20% Reduction in net cost of energy ?Price certainty for 20 to 25 years

May 1, 2013

By Michael Sudbury

Introduction The essence of a good presentation is said to be: Outline what you are going to say Say it Summarize what you said This is perhaps especially good advice at 8.30 a.m. So here goes: This is an attempt to put numbers on three inextricably linked subjects: People and the Future Irrigation and Agriculture Mine Water and Mine Waste

May 1, 2013

By Patrick Fantin

Mining ? The Past Safety Not a priority; Health Not a priority; Energy Manual Labour; Horsepower? Literally. Financially Robust For the Owner?s; Mining ? The Future Safety Zero Harm Health Understanding and elimination of Industrial Disease Energy Efficient use of energy through technology. Full value of renewable energy. Financially Robust Continually build shareholder value through optimum CAPEX/OPEX.

May 1, 2013

By Dean Millar

Clean, green, cheap compressed air can be produced efficiently and renewably by modernization of a 19th century technology ?The hydraulic air compressor has no moving parts ?After commissioning, the Ragged Chutes HAC operated for 70 years, only being stopped twice for repairs to the intake heads ?Operates using hydropower from Montreal river ?Produced air for ~29 silver mines in Cobalt, 20 km distant

May 1, 2013

By Matthew Janes

Advantages: Clean samples Low sample disturbance Very low spoil Versatile Fast Penetrates all formations Resonant Drill 100 or 150 kW Self tuning to resonance Rotation to 100 rpm Increased depth in dense soil Increased productivity Reduce water use Reduce casing plugging

May 1, 2013

By Bryn Harris

Answer to the question is given as 42! Asked the wrong question So got the wrong answer How does this apply to the mining industry? And particularly to this session on Water? Water is just one aspect of mining/minerals/metals Should not be looked at in isolation Need to adopt a ?holistic? approach

May 1, 2013

By Luke Evans

What are Best Practices? What are Bad Practices? Who Uses Best Practices? Why Bother? Acceptability Guidelines Published Best Practices Published Bad Practices Additional Best Practices Some Best Practices for Low Grade Deposits Interpretation Guidelines Big Bear Gold Deposit Example Conclusions Questions

May 1, 2013

By R. Adsero

The analysis of equipment trends in AUSIMM?s Revision of Monograph 19; Australasian Mining and Metallurgy Operating Practices (AMMOP) in the paper by Dight et al (in press) raised some interesting and in parts disturbing trends in the Open Cut Mining Industry. According to the US Bureau of Labour Statistics the US mining and petroleum industries? productivity is down by 12% since 2004 while the Australian Bureau of Statistics shows the productivity of the Australian mining industry is down by 34% since 2001. In terms of open cut equipment median output for draglines is down by 15% since 2003; electric rope shovels are down by 41% since 2003; hydraulic excavators are down by 39% since 2008; front end loaders are down by 39% since 2007 and trucks are down by 41% since 2006. Clearly the boom has not been good for the efficiency of the mines. During this same time, best practice (defined as the average of the top 10% by annual output per unit of input) has declined but not by as much as the median (eg. shovels down by 8%, excavators down by 19% and FEL?s down by 5%). This paper will build on the analysis of AMMOP to understand the differences occurring between median and best practice and identify the factors contributing to the decline in performance. As the industry enters a period of potentially lower prices for commodities and reduced margins pressure will be brought to bear on mine sites to start moving more with the equipment they have. An understanding of where efficiency has been lost will be a key component in that. The information contained in AMMOP, and the subsequent analysis of that information in papers such as this one will be crucial to reversing the decline in open cut equipment performance.

Feb 27, 2013