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Baja Mining Corp. (“Baja”) owns a majority interest in El Boleo Project, an advanced polymetallic (copper, cobalt, zinc, manganese) property located in Baja California Sur, Mexico. Baja has assembled an exceptional management team who are developing Mexico’s largest copper-cobalt deposit.
HIGHLIGHTS
- Definitive Feasibility Study completed
- Approval received for Environmental Impact Manifest
- Production scheduled for early 2010
- Average annual production, for the first four years of production:
- Copper cathode: 55,750 tonnes
- Cobalt cathode: 1,535 tonnes
- Zinc contained metal: 6,300 tonnes
- Proven and probable reserves provide for 25 year mine life
- Measured and Indicated resources: 277.2 million tonnes grading 1.77% copper equivalent
- Inferred resources: 253.2 million tonnes grading 1.29% copper equivalent
- Management ownership: approximately 24%
- US$515 million debt facility secured
- US$64 million equipment lease secured
- Share purchase funding agreement executed with Korea Resource Corporation on April 17, 2008
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