66 By Gregory Reynolds pany Limited digs into its Broken Hammer Mine the better the results The company announced Jan13 that its Broken Hammer open pit opera tion in Sudbury is progressing well cant additional tonnes and contained metals compared to the 2013 Mineral Reserve Estimate MRE which was used in the 2013 Prefeasibility Study Production at Broken Hammer com menced in July 2014 During 2014 approximately 120000 tonnes of ore were mined at Broken Hammer and processed at the Redstone Mill oper formerly Liberty Mines in T immins Approximately 40 of the original mine plan has been completed and W allbridge has realized a 75 in crease in tonnes of ore relative to the 2013 MRE Increased tonnage is a result of the copper Platinum Group Metals PGM veins on every bench to date being thicker and more continuous than estimated in the 2013 MRE as well as mining dilution W allbridge will continue to mine cal 2015 The deposit is still open at depth and to the west Since the commencement of produc copper concentrates have been deliv ered to a nearby copper smelter Kidd high grade gravity concentrates have been produced and shipped to a PGM smelter in Europe with average PGM The Broken Hammer open pit project is currently expected to continue to June 2015 and provide W a llbridge open to depth beneath the open pit and mineralised trends have been east and the northeast Exploration is ongoing on the adjacent W i sner joint venture with Lonmin Plc to test these mineralised trend On Jan 27 W allbridge announced that pursuant to the acquisition of Du luth Metals Limited by Antofagasta was completed on Jan 20 2015 W allbridge received cash proceeds of 2283777 from the sale of its then capital of Duluth From those proceeds W allbridge has fully repaid its remaining 1million poration pursuant to a line of credit 2012 W allbridge has also prepaid without penalty the US750000 remaining balance of its US15 million bridge loan provided by Auramet Interna W allbridge continues to generate pos mer open pit operation and expects the mining operations to continue to the second half of 2015 W allbridge is also actively explor ing a lar ge package of properties in Sudbury including operating several with partners Lonmin Plc Impala Platinum Holdings Limited and Glen core W allbridge has a record of successful ly generating high potential mineral projects and structuring partnerships and new companies to create value for its shareholders and its partners As such W allbridge currently retains its founding stake in a spinout com pany 284 million shares 405 in Miocene Metals Limited Miocene is currently in the process of completing a Reverse T a keover transaction with W allbridge discovered Broken Ham mer as a result of an ongoing grass roots exploration program on the North Range of the Sudbury Basin Based on the positive results from a Bulk Sample program carried out in 201 1 W allbridge completed a Pre Feasibility Study PFS of Broken Hammer in 2013 and commenced construction of an open pit mine in April 2014 W allbridge currently holds a 985 interest in the Broken Hammer Prop erty while Glencore retains a 15 carried interest fr om its new Sudbury operation