“A Winning Project for Today's Economy”

PBX's 100% owned flagship Copaquire project is a copper porphyry property hosting a discrete later stage molybdenum intrusion called Cerro Moly. Whereas almost all of the Chilean molybdenum production comes as a by-product recovery from its large porphyry copper mines, the Copaquire Cerro Moly deposit is the only stand-alone moly deposit in Chile.

The key to success in today's economy is "Low Cost Production"

With a Scoping Study in progress by AMEC Engineering, the Cerro Moly deposit is expected to be very amenable to low-cost quarry/open-pit mining

• Over 25% of the deposit is contained above grade level within the Cerro Moly mountain with projected low stripping ratios..
• High grade material on face of mountain may potentially facilitate rapid recovery of capital costs during the early years of production.
• Metallurgical testing produces 90-95% moly recoveries.
• Rhenium content may provide significant economic credits.

The property is surrounded by mining giants Rio Tinto, Teck Cominco, Codelco, Xstrata and Anglo American. Teck Cominco's Quebrada Blanca mine is located 10 km (6 mi) east of Copaquire and  the giant Collahuassi mine owned by Xstrata and Anglo American is located a further 7 kms (4 mi) east. (view map)