East Boulder MineOperating Plan

• Release mine development contractors

• Current employees to complete specific construction projects

• 1Q 2002 - Commercial production

• 3Q 2002 - Achieve 1,000 tons of ore per day mining rate by beginning of 3Q

• Grades of 0.40 - 0.50 ounce per ton

• Annual PGM production of 140,000 to 170,000 oz.

• Option kept open to develop to 2,000 tons of ore per day mining rate

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