Quick Facts

• Mining has been carried out at South Crofty since the sixteenth century

• Production ended in March 1998 but is expected to begin again in late 2014/early 2015

• Baseresult Holdings Limited (BHL) acquired South Crofty and associated mine plant in June 2001

• BHL submitted the Review of Mineral Planning Permissions (ROMPS) in March 2003.  Cornwall County Council’s Planning Committee determined the ROMPS in September 2006 – confirming the environmental conditions applicable to the mining consents and preserving the extant permissions for mining until 2042

• The mine became operational again in April 2004 with new tunnelling works

• Western United Mines Ltd (WUM), a joint venture between BHL and Cassiterite LP, was launched in November 2007

• In December 2010, WUM became a wholly owned subsidiary of Cornish Minerals Limited (CML).  CML’s ownership is currently 48% Cassiterite LP, 33% BHL and 19% Celeste Copper Corporation

• In March 2011, the mine obtained planning permission for an increase in underground mining operations from 510 hectares to 1490 hectares.  The formal decision notice is currently awaited

• In November 2011, the mine was awarded planning permission to develop new surface mining infrastructure.  This consent will remain extant until 2071

• To date (April 2012), there are 46 people directly employed by WUM who all work at South Crofty

• The current phase of operations focuses on diamond drill exploration work and subsequent analysis of core samples

• The exploration results are modelled and form the basis of an industry-compliant resource report under Canadian standard NI 43-101

• In total, Cornwall has produced more copper than tin.