The Lisbon Valley Mine is located in the Four Corners region of Southeastern Utah about 40 miles South of Moab and 30 miles Northeast of the town of Monticello.

There has been historic mining of Copper and Uranium in the Lisbon Valley area from sandstone formations characteristic of the Colorado Plateau.

Robert Frayser, General Manager, and Bruce Swenson, Safety/HR Manager, traveled to Reno Nevada to accept two safety awards for the Lisbon Valley Mine.

The first award was the Sentinels of Safety Award for outstanding safety performance in a mill preparation plant. The second award was the top honor “ Safest Mine” for the Rocky Mountain District of MSHA in the Large Metal Mine category.

Mining commenced in September of 2005, and the first copper cathode was harvested in April of 2006. Copper cathode is produced using an SX-EW process. Cathode sheets approximately one meter square which are 99.999% pure, and meet LME Grade A specifications.

Lisbon Valley Mining Company, LLC has recently been recapitalized and new mining, leaching, and engineering plans have been developed and implemented.

Approximately 38,000 tons per day are mined and the ore is hauled directly to the leach pads using 42 and 60 ton capacity haul trucks.

Once permits are obtained, drilling will be performed in other areas of known outcropping copper mineralization in lower Lisbon Valley which were leased in late 2006. Approximately thirteen line miles of shallow seismic surveying along with some geochemichal investigations were completed in the lower Lisbon Valley.