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Micrex Development Corp. would like to thank you for visiting the Burmis Magnetite Project website and for your interest in this project.

Micrex is an Alberta Company that seeks innovative ways to minimize impacts to the environment and the community through development of small-scale, low-impact projects.

Micrex is committed to being socially and environmentally responsible in the areas in which it operates.

Micrex Development Corporation has taken a proactive approach towards consulting with the public regarding the Project since 2004. Micrex identified stakeholders and has actively pursued meetings with each group to introduce the proposed Project, gather information, and actively seek feedback prior to application submission to ensure optimum Project planning and mitigation. Consultation with stakeholders will continue to be a very high priority and an essential part of ongoing business practice for Micrex.

As announced in December of 2007 Micrex has made significant changes to the proposed operations at the Burmis Magnetite Project.

Throughout 2008 Micrex has worked to complete the studies and engineering required to update its proposal. As the work nears completion changes are being made to the website to make the information available to the public. Please check back regularly to see the latest information.

Project proposals in the past focused on the production of “heavy media” a high-grade magnetite product used by the coal industry.

In its continued efforts to minimize impact on its neighbours and the environment, the Company has developed a product line and production system that eliminates the need for water in the process. In addition, the end product will use almost 100% of the raw ore rather than only that portion that consists of magnetite. This will eliminate tailings issues, extend the life of the mine and lower operating costs.

In a Press Release in December of 2007 Mr. Stan Marshall, President of Micrex Development Corp., was quoted as saying, "This announcement is another example of how Micrex continues to meet its commitment to work towards innovative solutions to reduce project impact while enhancing the value to our shareholders. Two years ago, a Micrex controlled lab scale crushing and grinding circuit was commissioned to carry out research and development. Over the last year Micrex introduced its dry products to the intended market. Micrex is pleased to announce the successful conclusion to this effort. The response received has been excellent. The markets identified are both long term and of sufficient size to justify the move to products that require only dry processing. Micrex has already taken significant steps towards a minimal impact project but this change will truly move this project to one of least possible impact while enhancing its economics."

Positive changes from the perspective of local stakeholders:
  1. The need for process water has been eliminated.
  2. A process water holding pond is no longer required.
  3. The product line utilizes the whole rock rather than just the magnetite portion of the ore, meaning tailings, in the form of non-economic reject materials, have largely been eliminated.
  4. Some stakeholders expressed concerns about tailings disposal in a holding pond next to the plant and in the quarry. The new products produce virtually no tailings, thereby eliminating the need for a tailings pond. As there will be no disposal of tailings in the quarry, the quarry operation will also have a lower impact.
  5. Because the operation does not reject a portion of the ore in the production process, less ore is required to be mined. This means decreasing by 2/3 the number of truck trips from the quarry to the plant compared to the original projections. It also results in a much smaller operation at the quarry, a reduced ore stockpile at the plant and a smaller plant to process ore, overall, a smaller project footprint.
  6. By lowering the number of tonnes required from the quarry, the seasonal operation of the quarry can be even more flexible.
  7. Under the original 10 year mine life projection, an area of approximately 100 meters by 200 meters would be impacted per year. Under the new design that same 100 by 200 meter area will last 3 years, further decreasing the environmental impact.
  8. Local employment opportunities created will remain the same, but with a longer project life.
Along with addressing stakeholder concerns, this project revision will create a significant economic benefit for Micrex and its shareholders.

Positive changes from the perspective of Micrex shareholders:
  1. The cost to produce a tonne of marketable product has been reduced by almost 50%.
  2. The capital cost of building a tailings pond/water holding pond has been eliminated.
  3. Tailings disposal costs for trucking and reclamation are gone.
  4. The tonnage requirements for raw ore have been cut by 2/3 resulting in lower mining costs, trucking costs and processing costs.
  5. The processing plant has been simplified with much of the equipment either eliminated or downsized resulting in lower capital cost for the processing plant and lower costs overall for processing.
  6. The largest economic benefit for the shareholders is the increased value of the project as a result of utilizing 100% of the raw ore. Without changing the projected area, the life of the mine has been extended from the originally projected 10 years of heavy media production to 30 years for the new products. Micrex can take advantage of the resulting increase in mine life by realizing an annual economic benefit on par with heavy media but for 30 years rather than 10.
Micrex believes that these changes represent a major benefit to all those involved with the Burmis Magnetite Project and looks forward to moving to mine permitting shortly.



Magnetite Outcrop At Burmis Property
Red stick is one meter long