Lundin Mining Corporation

Galmoy, Ireland

Galmoy

Summary Report

Zinc Mine


The Galmoy underground zinc mine is located in southcentral Ireland in County Kilkenny. Operational mining ceased in May 2009, and milling on-site ceased in June 2009. Mining of remnant high-grade ore has recommenced and ore is being shipped to an adjacent mine for processing. Production tonnage is based on a 50% attributable-share to Lundin Mining.

The mine closure at Galmoy is progressing as planned and restricted cash on hand has been set aside to meet these obligations.

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 0.5mt @ 19.0% Zn, 6.7% Pb, 53.0 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 2 years
Employees 45 full time employee equivalents
Potential growth Mine is in closure mode with remnant ore being extracted
2010 Targets
Production Zinc
Lead
Cash costs USc/lb

14,000 tonnes contained in ore
4,000 tonnes contained in ore
30c/lb Zn
Production tonnage is based on a 50% attributable-share
Click here to see full Reserves and Resources statement

Quarterly Operations Update