Minera y Metalúrgica del Boleo S.A.P.I. de C.V.

The project called El Boleo is located on the east coast of the Baja California Peninsula, near the port and town of Santa Rosalía, Mulegé municipality, in the state of Baja California Sur, Mexico. The geographical coordinates of the project are from Latitude 27º14' to 27º25' North and Longitude 112º14' to 112º22' West. The mining concessions covering the copper-cobalt-zinc deposits are owned by Minera y Metalúrgica del Boleo SAPI de CV The MMB consists of several surface and underground mines under development. For the development of surface mines, Minera Boleo uses open pit mining techniques and equipment, such as trucks, excavators and front-end loaders, for all its extraction of ore and waste. The underground mining method at MMB is short wall mining or strip mining taking into account geological conditions and the mined ore is brought to the surface by a conveyor belt system. Ore from both surface and underground mines is trucked to the crushing areas of the plant for further processing. The processing plant is designed to produce and treat 3.1 mt/year of inputs and the expected average production for the first years of operation is: Up to 56,700 t/year of Copper Cathode Up to 1,700 t/year of Cobalt Cathode Up to 25,000 t/year of Zinc Sulfate monohydrate salt The project has a useful life of at least 25 years and will generate significant socioeconomic development in the region.