Page 95 Advanced TIER 4 SCR Technology VOLVO PENTA INDUSTRIAL AND POWER GENERATION ww w . v ol v openta.com WAJ AX PO WER SY STEM IS PR OUD T O SER VE THE INDUSTR Y WITH L OCA TIONS A CR OSS CAN AD A EX CL USIVE V OL V O PENT A PO WER CENTRE SALES - P AR TS - SER VICE - WARRANTY W AJAX POWER SYSTEMS REPRESENTS VOL VO PENT A IN ALL REGIONS EXCEPT ALBERT A , BRITISH COLUMBIA, YUKON AND NORTHWEST TERRIT ORIES WWW .WAJ AXPO WER.COM 1-888-717-7131 of the ore to allow for more directed mining by product based on consum - ers demand. W e recently completed an updated talc market study and are responding to enquiries from potential consum - ers as regards the future purchase of our planned talc and magnesia pro - duction. On March 2, 2012, Globex pub - lished the results of our Preliminary Economic Assessment (PEA) which was posted in its entirety on SE - DAR (www .sedar .com) on April 12, 2012. The PEA indicated that the project will generate $2.58 billion in Gross Revenue over the initial 20 year pe - riod with an After T ax Internal Rate of Return (IRR) of approximately 20 and a Net Present V alue (NPV) of $258 millio n at an 8 discount rate. Capital costs are estimated at $335 million over six years. Our team has, for several months, been reviewing potential sites for the constructio n of a 100,000 tonne per year talc processing plant. Per - mitting continues at the mine site of the potentia l open pit with all the various testing , permit applications, negotiations, etc. ongoing.” At Dec. 31, 201 1, the property con - sisted of 29 mining claims, totalling 57 claim units and covering approxi - mately 912 hectares, in Adams and Deloro T ownships. The property also includes approximately 384 ha of “severed” or surface-rights–on - ly mining patents, all of which are located in the south half of Deloro T ownship, Porcupine Mining Dis - trict, 13 km southeast of Downtown T immins. The mineral rights are held 100 by Globex Mining Inc. Certain claims in Deloro T ownship are in the process of being taken to lease. Globex acquire d the original 19 claims in Deloro T ownship by purchase in 2000. The remaining mining claims have been staked or bought outright by Globex since that time. Project ownership is shared with Cont’d from pg. 92 Cont’d on pg. 94 Pr oject to generate $2.58 billion in Gr oss Revenue over the initial 20 year period “The Porcupine Camp” A New Golden Era Page 93