Development of this project continued throughout 2007. On December 16, 2007, the Company started to process run of mine ore to produce zinc concentrates. Targeted full annual productions rates are estimated at 80,000 tonnes of contained zinc, 17,000 tonnes of contained lead and 1.25 million ounces of silver. However, it is a high cost mine in a current low zinc price environment and as a result, the Company is reviewing its options for the Aljustrel mine including a potentially earlier extraction of known copper resources.

 

Quarterly Operations Update