Mineral Exploration - Detailed Expenditures Survey

Five tables follow, (values in C$)

• 1) Exploration, 2) Deposit Appraisal, 3) the sum of these two, 4) Mine Complex Development and 5) the sum of these three categories

• The colour legend differentiates the key expenditure groups on all five tables

• The single most quoted summary statistic for exploration spending is found in the third table, in the line titled "Total Exploration" (in orange).

• Note: Both exploration projections within a current year and between years vary widely. Within a current year projections may vary by up to ±50% or more. From 1946 to the present the standard deviation of exploration spending is $60 million.

Colour Legend

Fieldwork and overhead costs

Exploration Totals (includes field work and overhead costs)

Capital, Repair and Maintenance Totals

Exploration and Capital Totals

Environmental costs

1) EXPLORATION	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
1) EXPLORATION	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Preliminary	Forecast
Field work and overhead costs	68,804,307	33,236,796	20,514,671	24,350,029	23,115,388	29,400,440	45,518,855	93,729,625	135,673,630	198,425,128	292,277,296
Engineering, economic and feasibility studies	875,983	552,215	210,069	1,710,856	239,285	469,734	1,696,290	520,081	33,113,039	4,394,705	7,924,087
Environment	1,686,038	1,234,457	328,494	1,270,367	1,653,246	614,416	499,102	961,918	5,231,685	6,437,795	7,212,274
Land Access	157,612	15,700	44,200	375,800	390,000	2,238,943	107,420	50,980	13,957	241,427	126,297
Total Exploration	71,523,940	35,039,168	21,097,435	27,707,052	25,397,919	32,723,533	47,821,667	95,262,604	174,032,311	209,499,055	307,539,954	327,635,475
Capital expenditures	2,178,731	75,141	37,360	451,679	6,103,000	121,000	117,000	531,445	302,104	362,592	4,962,863	250,000
Repair and maintenance expenditures	640,460	18,527	11,000	1,209,178	493,228	138,500	169,601	557,292	394,678	476,309	92,633	673,602
Total Capital, Repair and Maintenance	2,819,191	93,668	48,360	1,660,857	6,596,228	259,500	286,601	1,088,737	696,782	838,901	5,055,496	923,602
Exploration and Capital Total	74,343,132	35,132,836	21,145,795	29,367,909	31,994,147	32,983,033	48,108,268	96,351,341	174,729,093	210,337,956	312,595,450	328,559,077
Environment (%) of Grand Total	2.40%	3.50%	1.60%	4.40%	5.20%	1.90%	1.04%	1.00%	2.99%	3.06%	2.31%

2) DEPOSIT APPRAISAL	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008
2) DEPOSIT APPRAISAL	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Actual	Preliminary	Forecast
Field work and overhead costs	27,021,564	11,025,216	12,870,743	5,509,948	2,506,044	2,636,357	7,085,648	36,225,415	28,979,299	37,819,150	60,970,202
Engineering, economic and feasibility studies	7,442,092	5,306,201	4,641,374	1,600,512	845,103	2,462,440	5,418,507	9,225,101	7,666,316	83,377,344	40,246,012
Environment	8,966,959	2,695,551	1,592,547	333,221	206,220	1,002,095	2,047,011	9,275,277	7,239,520	12,146,306	16,622,289
Land Access	262,840	449,000	1,108,066	601,054	181,802	400,867