Lundin Mining Corporation

Galmoy, Ireland

Galmoy

Summary Report

Zinc Mine


The Galmoy underground zinc mine is located in south-central Ireland in County Kilkenny. Execution of the approved mine closure plan is currently underway. Milling ceased in May 2009 and the mill has been sold. Mining of remnant high grade ore continued until October 2012. All mined ore has been transported to an adjacent mine and stockpiled for treatment during 2013. Production tonnage is based on a 50% attributable-share to Lundin Mining.


Quarterly Operations Update

Galmoy Mine

Location South-central Ireland in County Kilkenny. Production tonnage is based on a 50% attributable-share to Lundin Mining
Ownership 100%
Type of ore body Irish style, carbonate hosted, zinc and lead mineralization
Primary metal Zinc
Secondary metal Lead, silver
2P reserves
(Prepared as at June 30, 2012)
41,000 tonnes @ 11.6% Zn, 1.8% Pb, 12.0 g/t Ag
 
Type of mine Underground
Mine facilities and method Conveyor ramp accessing mine. Mining based on primary and secondary stoping
Processing facilities Remnant high-grade ore is being extracted and shipped to an adjacent mine for processing
End product Ore
Expected mine life 1 year
Employees 45 full time employee equivalents
Potential growth Mine is in closure mode with remnant ore being extracted

High grade mining is expected to conclude in 2012 with sales continuing into early 2013 as stockpiled ore will continue to be milled at a third party processing facility.
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