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MTB PROJECT MANAGEMENT
   PROFESSIONALS, INC
   PROFESSIONALS INC.

   Greenwood Village, Colorado USA
MTB Clients
1st Bank of Tech Center           Exelon Corporation
AGEISS Environmental Inc.         Formation Capital Corporation
Anfield Nickel Corp.              Franconia Minerals Inc.
AngloGold Ashanti                 Frontier Mining Ltd.
Bear Creek Mining                 Galleon Tech. & Development
Bechtel Corporation               Gencor
Bonneville P w Ad i
B     ill Power Admin.            Global Copper C
                                  Gl b l C      Corporation
                                                       ti
Commonwealth Edison Corporation   Golder Associates Inc.
Compañia Minera Ares S.A.         Goldfields of South Africa Limited
Compañia Minera San Jose S.A.     HarborGard LLC
Compañia Minera Selene S.A.C.     Inca Pacific Resources
Compañia Minera Sipán S.A.        International Mining & Finance
Consorcio Minero Horizonte        International Tower Hill
Dames & Moore                     Hochschild Mining plc.
MTB Clients
Hunter Dickinson Inc.          Northern Dynasty Minerals Ltd.
Kilborn Engineering            Northern Peru Copper Corporation
Lonrho Plc.                    Omai Gold Mines Ltd.
Lumina Copper SAC              Orvana Resources
Lumina Capital Corporation     Poudre School District
Marley Cooling Tower Company   Regis Jesuit High School
Midwest Generation
Midw t G      ti               Richmont Mi
                               Ri h   t Mines
Minera Andes Inc.              Teck Corporation
Minera S.A.                    Tonkin Springs LLC
MK Gold Company                TVX Gold/TVX Hellas A.E.
Monterrico Metals plc.         URS Corporation (U.S. Park Service)
Montgomery Watson Americas     Ventana Gold Corporation
MWH Constructors               Vanguard Platinum LLC
North Limited
Experience Around the Globe
  p
 The Americas           Europe
                             p
   Canada and US           Spain
   Dominican Republic      Turkey
   Mexico                  Greece
   Guatemala            Asia Pacific
   Argentina               Australia
   Bolivia                 Mongolia
   Chile                   Uzbekistan
                           U b ki t
   Colombia                Kyrgyzstan
   Peru                    Kazakhstan
 Africa - Ghana            Indonesia
Diverse Backgrounds
            g
 Education                 Experience: 3 - 45 years,
                             p                y    ,
   Science & Engineering   avg. 16 years
     Civil                   Mining
     Chemical                Industrial
     Geological              Engineering
     Industrial
     I d i l                 Business M
                             B i      Management t
     Mechanical              Exploration
     Metallurgical           Military (Management
     Physics                 &Logistics)
   Management
MTB Services

• Project Management
  • Owner Representation
  • Design Management Oversight
  • Performance Reporting
  • Procurement and Logistics Management
  • Project Controls System Development
  • Value Engineering & Constructability Review
  •CCommunity and G
             it   d Government R l ti
                               t Relations
MTB Services

• Preconstruction Services
  • Conceptual Studies
  • Local Conditions Assessments
  • Site Selection Studies
  • Prefeasibility Studies
  • Feasibility Study Management
  • Independent Study Reviews
  • P itti Oversight and C di ti
    Permitting O      i ht d Coordination
MTB Services

• Construction Management
  • Field Supervision
  • Quality Control/Quality Assurance
  • Contract Administration
  • Project Controls
  • Material Receipt and Control
  • Commissioning and Startup
MTB Services

• Construction Claims
  • Claim Mitigation
  • Dispute Resolution
  • Litigation Support
  • Claim Evaluation, Preparation, and Defense
  • Differing Site Conditions Analysis
MTB Services

• Due Diligence
  • Project Viability Review
  • Constructability Review
  • Construction-Phase Cost/Schedule Audit
  • Pre-Purchase Property Evaluation
  • Risk Analysis/Mitigation
MTB Studies/Project Evaluations
            / j

• Recently Completed Bankable Feasibility Studies
  • El Galeno Copper/Moly Project, Northern Peru
  •MMagistral C
              Copper/Moly Project, Northern Peru
                     /M             N
  • Idaho Cobalt Project, Salmon, Idaho
  • San Jose Silver/Gold Project, Southern Argentina
  • Rio Blanco Copper Project, Northern Peru

In addition, completed more than a dozen Scoping and
                 p                            p g
Prefeasibility Studies, all CNI 43-101 compliant.
MTB Projects
           j




Dresden Cooling Towers - Illinois   Barrie Park Remediation - Illinois
MTB Projects
       j




          Joliet 29 Station - Illinois
MTB Projects
       j




    Sipan - Peru   El Galeno - Peru
MTB Projects
       j




  Magistral - Peru   San Jose - Argentina
MTB Projects
       j




 La Bodega - Colombia   Los Azules - Argentina
Why MTB
 “Northern Peru Copper is a ‘junior’ mining company, strong on geology, exploration, and financial know-
 how,
 how but short on the kind of comprehensive management resources necessary for detailed development of
 our El Galeno copper project. MTB stepped in and gave us exactly the kind of strong, knowledgeable
 management and oversight that we needed to keep our development progressing on time and within
 budget while ensuring that no critical steps, elements or information are overlooked. As we progress from
 prefeasibility into feasibility, we know that we can trust MTB to manage all our technical consultants, keep a
 watchful eye on the budget and schedule, anticipate and solve problems before they become critical, and to
 help us create the highest-quality and most accurate feasibility study possible.”

                                                                                           Marshall Koval, CEO
                                                                                    Northern Peru Copper Corp
                                                                                                            Corp.
                                                          regarding MTB’s management of prefeasibility and
                                                            feasibility studies for the El Galeno Project in Peru

 “MTB helped us develop and build our p j as any owner desires: within budget and on schedule. Even
          p            p                project      y                          g
 though these were great achievements, the fact that the mine started operations with no technical problems
 made MTB's contribution really outstanding.“
                                                                                    Miguel Aramburú, CEO
                                                                                       Hochschild Mining plc
                                                        regarding MTB's management of the development and
                                           construction of the Sipán Heap Leach Gold Project in northern Perú
Why MTB
 “MTB came in during the middle of the project to help the contractor get a handle on the project's cost and
 schedule.
 schedule They assessed the situation quickly and made sure that I understood the problems honestly and
 responsibly. These people are straight shooters intent on serving the project owner's interests. I was
 impressed and looked forward to bringing them in on my next project.“
                                                                                              Dave Dillman
                                                                                      Construction Manager
                                       Commonwealth Edison's Facilities and Engineering Construction Division
                                                              at Joliet Station 29 power generating facility
                                                               on MTB's project controls services during the
                                              construction of a 24-cell cooling tower facility for the station

 "Without MTB, it might have been another year or more before the project actually got started. MTB
 entered an environment in which attitudes were hostile, negotiations were stalled, and no one could see a
 clear direction for the project. MTB produced the first project schedule, mediated different groups toward
 agreement on methodologies, and provided a vision that this project could be accomplished. Their value has
           t        th d l i       d     id d    i i th t thi       j t     ld b         li h d Th i   l h
 only increased as the project has moved forward.“
                                                                                               Mary O'Toole
                                                               Former Director, Environmental Services Group
                                                                                       Commonwealth Edison
                                                                  on MTB's project planning and coordination
                                                        services on the Barrie Park MGP Remediation Project
MTB Foundation - Giving Back
                      g




  Moses - INABIF    Neoplastica Adolescent
                       Oncology Ward
Culinary and Cosmetology Students - Peru
Family Night – Colfax Community Network
 

MTB Projects
                                          Project Highlights

Idaho Cobalt Project                                           Pebble Project Prefeasibility Study
Formation Capital Corporation, Salmon, Idaho                   Northern Dynasty Minerals, Iliamna, Alaska
MTB managed engineering, procurement, and pre-                 MTB assisted Northern Dynasty Minerals with completion
construction activities for development of an underground      of a prefeasibility study for one of the most significant gold
cobalt mine and processing facility in the mountains of        projects in North America. MTB’s scope included
southern Idaho, as well as construction of a separate          scheduling and monitoring the progress of study, preparing
refining facility in the town of Kellogg. MTB oversaw          the project execution plan, and providing oversight to the
design of all facilities and procurement of all equipment      logistics plan and the capital cost estimate.
and materials, until the project was suspended due to
financing and permitting reasons.         MTB was also         Sipan Heap Leach Project & Expansions
responsible for contracting, scheduling, cost control, and     Compania Minera Sipan S.A., Cajamarca, Peru
other functions. MTB previously managed completion of a
feasibility study for the project.

Magistral Copper Project
Inca Pacific Resources, Ancash, Peru
MTB managed basic engineering for a $402 million copper-
molybdenum project in a very remote and rugged area of
the Peruvian Andes. MTB also managed the successful
completion of a bankable feasibility study for the Magistral
project.                                                       MTB provided comprehensive project management
                                                               services for the development of this 2.8 million-tonnes-per-
San Jose Project Expansion                                     year mine and processing facility located high in the
Minera Santa Cruz, S.A., Patagonia, Argentina                  northern Peruvian Andes.         As the owner’s project
                                                               management team, MTB took this project from feasibility
                                                               through commissioning on time and under budget, then
                                                               continued as project manager for the subsequent Phase II
                                                               Expansion and Capacity Expansion projects. Sipan was
                                                               the first major gold project developed by a wholly owned
                                                               Peruvian company and was completely bank financed by
                                                               Peruvian institutions.

                                                               Birch Lake Project
                                                               Franconia Minerals Corp., Northern Minnesota
                                                               Until the project was recently sold, MTB managed
                                                               completion of a prefeasibility study and CNI 43-101
MTB assisted the owner with management of a project to
                                                               compliant economic assessment for an underground base
expand the capacity of the San Jose silver-gold project in
                                                               metals project in northeastern Minnesota. In addition, MTB
southern Argentina.      Services included construction
                                                               managed day-to-day operations at the exploration site and
management oversight, scheduling, and logistics support.
                                                               managed completion of a scoping study and preliminary
                                                               economic assessment. MTB also managed development of
                                                               a community relations program for the project. 
                                                                

 

                                     
 
                                                                                                                           

MTB Projects
                                          Project Highlights

La Bodega Project Scoping Study                                facilitated by MTB and resulted in educating the team on
Ventana Gold Corp., California, Colombia                       project management principles as well as providing a
                                                               detailed report with a path forward for the project. MTB
                                                               provided a complete prefeasibility study schedule based on
                                                               team inputs.

                                                               Elenita Project Prefeasibility Study
                                                               Antakena Mining, Chile
                                                               MTB is managing the prefeasibility study team for the
                                                               Client and overseeing completion of the study on the
                                                               Elenita Project in northern Chile. This project involved
                                                               managing multiple international team members to achieve
La Bodega Project is a gold-silver-copper project located in   the project objectives.     The project involved drilling,
northeastern Colombia.         After completing an initial     metallurgical testing, process engineering, geotechnical
assessment of the project, MTB was retained to complete        engineering for infrastructure and pit slope stability, mine
Pre-Scoping and Scoping studies for the project. MTB           design engineering for open pit and underground
prequalified, coordinated, and managed consultants in the      possibilities, managing a new resource estimate, and
disciplines of mine design, geotechnical and hydrogeologic     structural geology.
studies, block model and resource estimation, metallurgical
testwork oversight, and process engineering. Project           Livengood Project Prefeasibility Study
controls, contract administration, and scheduling              International Tower Hill, Alaska
assistance were provided, as well as oversight with            MTB provides project management support and project
completion of two CNI 43-101 reports and the final Scoping     schedule management for this gold project in the Fairbanks
Study Report. MTB formulated a strategy and then               area. MTB provided several facilitated workshops for the
developed a detailed program for early feasibility work        Client to create team consensus on activities required to
combining mine design, extensive engineering and field         achieve the prefeasibility study objectives.      Ongoing
investigations, metallurgical testwork, and underground        support is provided to Talon Gold by MTB participating in
mining contractor selection that allowed the Client access     the Livengood Technical Steering Committee.
to underground resources necessary to advance to the
feasibility stage much earlier than in a normal development    Barrie Park MGP Remediation Project
cycle. Upon completion of the Scoping Study, the Client        Commonwealth Edison/Nicor Gas, Oak Park, Illinois
entered into a merger agreement prior to advancing to the
next stage of the project.

La Colosa Project Prefeasibility Study
AngloGold Ashanti, Colombia
MTB provided systems and procedures for La Colosa gold
prefeasibility study in Bogota, Colombia. MTB supported
the project by conducting a project management workshop
in Bogota for key team members. MTB presented the
basic project management tools and techniques – cost and
schedule control.       The workshop was professionally

 

                                     
 

                                                                                                                             

MTB Projects
                                         Project Highlights

MTB provided comprehensive project and construction           MTB is currently managing completion of a prefeasibility
management services to ComEd and Nicor for the cleanup        study, including detailed planning, management, and
and restoration of a community park and neighborhood in       coordination of drilling and extensive engineering field
suburban Chicago that was the former site of a                investigations at the remote and logistically challenging
manufactured gas plant. The $160 million project involved     site.
removing contaminated soil and abandoned plant
structures from the park, the surrounding streets and         San Felipe Project Feasibility Study
parkways, and some contiguous private properties;             Hochschild Mining plc, Sonora, Mexico
replacing underground utility lines; backfilling with clean   MTB managed completion of a scoping study and
material and restoring the park and streets.          Major   subsequent prefeasibility study for this zinc-silver project in
components of MTB’s work included facilitation of project     northern Mexico. MTB’s scope included managing all
planning, creation and management of a master schedule,       aspects of information development and report completion.
coordination with multiple local government entities,         Concurrent with management of the study, MTB also
development and management of a community relations           helped to manage preliminary work at the project site,
program, direct field management of the remediation           including     construction  of    an     exploration    ramp.
contractor, project controls and contract administration,     Prefeasibility study work was suspended prior to
and oversight of a complex rail system. MTB continues to      completion due to low metals prices.
support ComEd with closeout of the main project and
management of the follow-on work to complete park
                                                              El Galeno Copper-Molybdenum Project
restoration.
                                                              Northern Peru Copper Corp., Cajamarca, Peru
                                                              MTB managed completion of a comprehensive feasibility
Los Azules Project Scoping Study                              study for a major copper-molybdenum project in Northern
Minera Andes Inc., Argentina                                  Peru. Moving through the project development cycle, MTB
MTB managed a scoping study and preliminary economic          also managed completion of scoping and prefeasibility
assessment (CNI 43-101 compliant) for a proposed              studies for El Galeno, as well as CNI 43-101 compliant
100,000 tpd copper mine and concentrator near the base        technical reports at each stage of development. MTB also
of the Andes Mountains in northern Argentina.                 provided field coordination of exploration drilling activities.

Los Azules Project Prefeasibility Study                       Dresden Cooling Towers 2000 Project
Minera Andes Inc., Argentina                                  Commonwealth Edison, Morris, Illinois,




 

                                     
 

                                                                                                                            

MTB Projects
                                          Project Highlights

MTB provided comprehensive project management and
construction management services to Marley Cooling              Mayaniquel Project
Tower Company for fast-track, turnkey, EPC project to           Anfield Nickel Corp., Guatemala
provide a major cooling tower facility to Commonwealth          MTB is providing project management services for the
Edison at their Dresden Nuclear Generating Station near         Mayaniquel Project, a nickel laterite project located in
Chicago, Illinois. The project consisted of 36 cooling water    northeastern Guatemala. The project is in the Pre-Scoping
flow of 630,400 gallons per minute using six vertical turbine   phase and MTB’s role has included evaluation and
pumps. Engineering and construction for the project took        management of consultants for power and marketing
place between November 1999 and June 2000.                      studies, metallurgical testwork, process engineering
                                                                development, and ore upgrading studies. Assistance with
Taca Taca Project                                               compilation of a CNI 43-101 report was also provided by
Lumina Copper Corp., Argentina                                  MTB. Upon completion of the Pre-Scoping Study, MTB will
The Taca Taca Project is a copper deposit located in a          be making recommendations to management on the next
northwestern Argentina and MTB has been commissioned            phase of developing the project.
to manage a Pre-Scoping study. In addition to consultant
selection, MTB will manage and oversee mine design,             Rio Blanco Bankable Feasibility Study
geotechnical and hydrogeological field investigations, block    Minera Majaz, S.A., Piura, Peru
model and resource estimations and metallurgical                MTB provided project management and project controls
testwork. Project controls, contract administration, and        services for development of a bankable feasibility study for
scheduling assistance will be made available as the project     a proposed 20Mtpa copper project in northern Peru. When
advances.                                                       built, Rio Blanco could be the second-largest copper
                                                                mining operation in Peru, with a constructed value at
San Jose Bankable Feasibility Study                             approximately $1 billion. MTB evaluated, recommended,
Minera Santa Cruz, S.A., Patagonia, Argentina                   and managed consultants for feasibility engineering,
MTB provided project management and project controls            geotechnical engineering, completion of an environmental
services for completion of a bankable feasibility study and     impact assessment, and other key roles. In addition, MTB
environmental impact assessment for a proposed silver-          directly assessed and recommended infrastructure
gold project in southern Argentina. MTB initially provided a    features, such as port facilities, access roads, and power
scoping assessment for the feasibility study and was then       lines.
retained to manage the complete effort. MTB evaluated,
recommended, and managed consultants for feasibility            Joliet Station 29 Cooling Tower Project
engineering, geotechnical engineering, completion of an         Commonwealth Edison, Joliet, Illinois
environmental impact assessment, and other key roles. In
addition, MTB developed owner capital and operating
costs, drafted portions of the feasibility study text, and
assisted the owner with key aspects of community relations
and public disclosure planning.




 

                                      
 
                                                                                                                            

MTB Projects
                                          Project Highlights

MTB provided construction management, project controls,         Joliet Station 29 Maintenance Outages
and subcontract administration for the installation of 24       Midwest Generation, Joliet, Illinois
cooling cells, including civil, mechanical, and electrical      MTB managed the planning and implementation of several
support facilities, for a major power generation station on a   critical maintenance outages for this major power
narrow peninsula in the Des Plaines River.                      generation station.   MTB’s comprehensive planning
                                                                included development of the budget; development,
Kazakhstan Projects Assessment                                  monitoring, control and, reporting of the schedule;
Frontier Mining Ltd., Kurchatov, Kazakhstan                     expediting and staging of materials; and contract
MTB conducted a thorough assessment of Frontier                 administration.     MTB also provided construction
Mining’s project development organization and exploration       management and project control services.
and development projects in northeastern Kazakhstan.
The completed assessment was delivered as a formal              Joliet Station 9 Maintenance Outage
report to company management.                                   Midwest Generation, Joliet, Illinois
                                                                Simultaneous with the outage work at Joliet Station 29,
Relincho Project Prefeasibility Study                           MTB also managed the planning and implementation of a
Global Copper Corp., Central Chile                              maintenance outage at Station 9.
MTB managed completion of a prefeasibility study for a
copper-molybdenum project in central Chile. The property        Don Mario Project Feasibility Study
was sold prior to completion of the study.                      Orvana Resources, San Juan, Bolivia
                                                                MTB directed the completion of a bankable feasibility study
Selene Silver Project                                           for this high-grade gold/copper deposit located in eastern
Compania Minera Selene S.A.C., Apurimac, Peru                   Bolivia.     Responsibilities included review of existing
MTB was contracted as the owner’s representative to             documents, studies, and reports; review and comment on a
provide full project and construction management services       feasibility scoping study; analysis of project economics;
for this new gold/silver processing facility in remote          and management of activities leading to successful
southern Peru.         MTB provided contracting and             completion of the bankable document.
procurement, engineering oversight, and project control
services.                                                       Amantaytau Goldfields Project
                                                                Confidential Client, Uzbekistan
Madagascar Mining Assessment Project                            MTB provided feasibility study review and project
Golder Associates, Lakewood, Colorado                           assessment services. Areas assessed included the EPCM
MTB provided project controls services to Golder                contractor’s execution plan and efforts, capital and
Associates on a yearlong field study for the Madagascar         operating cost estimates, project schedule, contracting
Ministry of Energy and Mines. This World Bank funded            philosophy, procurement plan, management organization,
project provided the government of Madagascar with              tailings facility design, owner’s management structure,
critical information relevant to the economic and               freight estimate, preproduction employment and training,
environmental impacts of mining and helped the                  and other financial and execution aspects.            Local
government implement systems aimed at prudently                 conditions in Uzbekistan and the particulars of working with
improving the mining sector. MTB helped Golder maximize         joint venture partners were emphasized.
its labor and cost efficiency in completing the project.


 

                                      
 
                                                                                                                     

MTB Projects
                                          Project Highlights
Vasilkovskoye Project                                        Toronto, Canada. Tonkin Springs is a gold deposit
Teck Corporation, Kazakhstan                                 containing a total resource of more than one million
MTB assessed and analyzed local conditions in support        ounces gold. MTB helped the owner determine the
of the client’s due diligence for a North American/Kazakh    economic feasibility of pursuing development under
joint venture development of a major gold deposit.           present and anticipated market conditions.


Jerooy Gold Project                                          Horizonte Tailings Facility Project
MK Gold Company, Kyrghyzstan                                 Consorcio Minero Horizonte, Northern Peru
MTB prepared inquiry and contract documents for EPC          MTB provided project management services including
services on a planned 1,460,000 tonnes-per-year              evaluating and recommending an engineering contractor
project.    MTB also provided project management             to design a tailings dam, reviewing and revising design,
services, local conditions assessment and analyses,          and coordinating with the Peruvian authorities regarding
budget reviews, financial evaluations, and revision of the   environmental permitting.
original bankable feasibility study.
                                                             Olympias Gold Project
Tarkwa Project                                               TVX Hellas A.A./TVX Gold, Olympias, Greece
Goldfields of South Africa, Ltd., Ghana                      MTB provided consulting services to review the
MTB reviewed and made recommendations regarding              prefeasibility study covering application of pressure
draft mining contracts for two bidders under                 oxidation and cyanidation for gold recovery. The intent
consideration, then recommended a successful bidder.         was to ensure that critical aspects were covered in the
This involved a five-year, open-pit mining contract          proposed design and to identify items requiring special
valued in excess of $120 million.                            attention during the feasibility study and/or basic
                                                             engineering phase. The evaluation report included
                                                             recommendations for risk mitigation.
Kumtor Gold Project
Kilborn Engineering, Kyrghyzstan
MTB provided executive search and personnel
                                                             Industrial Facility Arbitration Support
placement services, specific to CIS knowledge and            Confidential Client, Nevada, USA
experience with extreme isolation conditions, to the EPC     MTB provided services in support of a contract dispute
contractor on this $330 million project.                     involving the engineering and construction of a $300
                                                             million industrial processing facility in Nevada. Expert
                                                             witnesses were identified in the areas of mechanical,
Ares Gold Project
                                                             electrical and structural engineering. After screening
Compania Minera Ares S.A., Arequipa, Peru
                                                             and interviewing the experts, they were submitted to the
MTB was contracted on several occasions to provide
                                                             client’s legal/claim defense team for final interviews.
comprehensive project audit services for this project in
remote southern Peru, make recommendations to the
owner, and coordinate portions of remediation work.
                                                             Confidential Project
                                                             Richmont Mines, Northern Peru
                                                             MTB provided preliminary due diligence services for
Tonkin Springs Project
                                                             prospective investment in a producing gold mine with a
Tonkin Springs LLC, Eureka County, Nevada, USA
                                                             substantial land position and exploration potential. The
MTB provided exploration, economic geology, resource
                                                             evaluation was discontinued based on interpretation of
estimation, and mine planning consultation to Tonkin
                                                             early information.
Springs LLC, a subsidiary of Agnico-Eagle Mines Ltd. of
 

                                      
 
                                                                                                                        

MTB Projects
                                           Project Highlights

Confidential Project                                          Durdy Residence Claim
Confidential Client, California, USA                          James Dirk Durdy, Telluride, Colorado, USA
MTB provided consulting support to a mining operation         MTB assisted in claim preparation for litigation involving
with an operating underground and open pit mine with          a defective construction and bad-faith insurance claim
heap leaching that was nearing the end of its economical      on a 100-year-old historic Victorian residence. The work
reserves.      Support included budgeting, financial          involved defective work by a contractor in completing a
modeling, and strategic involvement in negotiations           structural renovation.
regarding multiple life-of-mine scenarios. Additionally,
MTB prepared a detailed mine reclamation plan outline
for use as the basis for post-operating efforts.

Confidential Project
Bechtel, Kazakhstan
MTB provided input into Bechtel’s due diligence efforts
concerning a confidential gold project. Services included
providing local-conditions information specific to
successful implementation of a project in the CIS.

Centennial Community Church Due
Diligence
1st Bank of Tech Center, Denver, Colorado, USA
MTB provided due diligence and project review services
to 1st Bank to ensure that the Centennial Community
Church project remained on course for an on-budget, as-
scheduled completion.

McNary Dam Arbitration Support
Bonneville Power Admin., Portland, Oregon
MTB represented the financing agency, Bonneville
Power Administration, in defending a $4.2 million claim
for damages on a new hydroelectric facility. MTB
prepared claim analysis documents, and prepared
written analyses and presentations at various points in
the dispute. MTB also produced all documents and
presentation materials for negotiations, including
mediation sessions and scheduled arbitration. MTB’s
work allowed the parties to settle the dispute favorably in
mediation.




 

                                      
 

MTB Projects
                                                Testimonials

“Northern Peru Copper is a ‘junior’ mining company, strong on geology, exploration, and financial know-how, but short on
the kind of comprehensive management resources necessary for detailed development of our El Galeno copper project.
MTB stepped in and gave us exactly the kind of strong, knowledgeable management and oversight that we needed to
keep our development progressing on time and within budget while ensuring that no critical steps, elements or information
are overlooked. As we progress from prefeasibility into feasibility, we know that we can trust MTB to manage all our
technical consultants, keep a watchful eye on the budget and schedule, anticipate and solve problems before they
become critical, and to help us create the highest-quality and most accurate feasibility study possible.”
                                                                                                             Marshall Koval
                                                                                                                         CEO
                                                                                                Northern Peru Copper Corp.
                                                                        regarding MTB’s management of prefeasibility and
                                                                            feasibility studies for El Galeno Project in Peru

“The mining industry is booming. All consulting engineers have more work than they can handle. Many mining companies
are trying to move new projects toward production as fast as possible so that they may reap the benefits of high metal
prices. Inca Pacific is such a company with a greenfield copper-molybdenum project in Peru. Without MTB to coordinate
and manage our principle consultants, Inca Pacific would be unable to complete its definitive feasibility study on time and
on budget. MTB brings discipline and control to the engineering process, which today is more crucial than at any time in
recent history.”
                                                                                                   Anthony “Tony” Floyd
                                                                                                     President and Director
                                                                                                    Inca Pacific Resources
                                                                          regarding MTB’s management of prefeasibility
                                                                   and feasibility studies for the Magistral Project in Peru

“MTB’s management expertise, attention to detail, and creative problem solving have been essential to the success of
Franconia Mineral’s efforts to advance the development of our Birch Lake project in northern Minnesota. Since we
retained MTB in mid-2006 to manage our prefeasibility study, MTB has brought cost-effective management to all areas of
our exploration operations and project development. They provide day-to-day management of our drilling and
metallurgical testing work, in addition to managing the engineering, geotechnical and other consultants completing the
study. In managing all of these activities and consultants, MTB has focused on controlling our budget and schedule.
MTB has also provided invaluable assistance with our public information efforts.”

                                                                                                                 Brian Gavin
                                                                                                          President and CEO
                                                                                                      Franconia Minerals Inc.
                                                                   regarding MTB’s management of development activities
                                                           and a prefeasibility study for the Birch Lake Project in Minnesota




 

                                      
"MTB helped us develop and build our project as any owner desires: within budget and on schedule. Even though these
were great achievements, the fact that the mine started operations with no technical problems made MTB's contribution
really outstanding."
                                                                                                    Miguel Aramburú
                                                                                                     General Manager
                                                                                           Compañia Minera Sipán S.A.
                                                                  regarding MTB's management of the development and
                                                     construction of the Sipán Heap Leach Gold Project in northern Perú

"MTB came in during the middle of the project to help the contractor get a handle on the project's cost and schedule. They
assessed the situation quickly and made sure that I understood the problems honestly and responsibly. These people are
straight shooters intent on serving the project owner's interests. I was impressed and looked forward to bringing them in
on my next project."
                                                                                                                Dave Dillman
                                                                                                       Construction Manager
                                                 Commonwealth Edison's Facilities and Engineering Construction Division
                                                                                at Joliet Station 29 power generating facility
                                                                              on MTB's project controls services during the
                                                                construction of a 24-cell cooling tower facility for the station

"Without MTB, it might have been another year or more before the project actually got started. MTB entered an
environment in which attitudes were hostile, negotiations were stalled, and no one could see a clear direction for the
project. MTB produced the first project schedule, mediated different groups toward agreement on methodologies, and
provided a vision that this project could be accomplished. Their value has only increased as the project has moved
forward."
                                                                                                         Mary O'Toole
                                                                         Former Director, Environmental Services Group
                                                                                                 Commonwealth Edison
                                                                            on MTB's project planning and coordination
                                                                  services on the Barrie Park MGP Remediation Project

“I cannot overstate the quality of the people working for and the work product of MTB Project Management Professionals,
Inc. I have had the benefit of their guidance as both a business attorney in private practice and as President and General
Counsel of a privately held precious metals reclamation company. MTB leaves no stone unturned, and gives 110% of
their efforts and talent to every project, at every stage. They completed a feasibility study that has been the backbone of
a company with which I have been working for four years. I am convinced that this company would have faltered without
MTB's participation. I have been so impressed with MTB and the success that MTB engenders that one of my primary
objectives at present is to introduce clients with production facility and construction management needs to MTB so that I
can be assured of my clients' future success.”
                                                                                                              Jeff Sanborn
                                                                                          President, Vanguard Platinum, and
                                                             Business Attorney, Williams Mullen, A Professional Corporation
                                                                                                            Norfolk, Virginia




 

                                       
"MTB's participation in the Barrie Park cleanup has been good for the neighborhood and for the Village. They've managed
to work successfully with the Village government and with the community without compromising their responsibilities to
their client, ComEd. By expertly moving this project forward, working openly with the Village and the Park District, and by
communicating effectively with the community, they instilled confidence in all parties that this difficult project can get
done.”
                                                                                                            Carl Swenson
                                                                                                           Village Manage,
                                                                                                Village of Oak Park, Illinois
                                                        on MTB's involvement in the Barrie Park MGP Remediation Project

"If it wasn't for MTB, the Barrie Park project still might not have a schedule, but they got the project organized and on
track. When they came in, they brought some fresh energy that seemed to help move things forward. I saw them as just
what we needed to move past the logjam we were in, and our Park District pushed to have them manage the work for the
utilities. I have found everyone who works with this company to be well organized and knowledgeable."
                                                                                                               Gary Balling
                                                                                                          Executive Director
                                                                                           Park District of Oak Park, Illinois
                                                         on MTB's involvement in the Barrie Park MGP Remediation Project



 




 

                                      

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MTB Project Management Professionals

  • 1. MTB PROJECT MANAGEMENT PROFESSIONALS, INC PROFESSIONALS INC. Greenwood Village, Colorado USA
  • 2. MTB Clients 1st Bank of Tech Center Exelon Corporation AGEISS Environmental Inc. Formation Capital Corporation Anfield Nickel Corp. Franconia Minerals Inc. AngloGold Ashanti Frontier Mining Ltd. Bear Creek Mining Galleon Tech. & Development Bechtel Corporation Gencor Bonneville P w Ad i B ill Power Admin. Global Copper C Gl b l C Corporation ti Commonwealth Edison Corporation Golder Associates Inc. Compañia Minera Ares S.A. Goldfields of South Africa Limited Compañia Minera San Jose S.A. HarborGard LLC Compañia Minera Selene S.A.C. Inca Pacific Resources Compañia Minera Sipán S.A. International Mining & Finance Consorcio Minero Horizonte International Tower Hill Dames & Moore Hochschild Mining plc.
  • 3. MTB Clients Hunter Dickinson Inc. Northern Dynasty Minerals Ltd. Kilborn Engineering Northern Peru Copper Corporation Lonrho Plc. Omai Gold Mines Ltd. Lumina Copper SAC Orvana Resources Lumina Capital Corporation Poudre School District Marley Cooling Tower Company Regis Jesuit High School Midwest Generation Midw t G ti Richmont Mi Ri h t Mines Minera Andes Inc. Teck Corporation Minera S.A. Tonkin Springs LLC MK Gold Company TVX Gold/TVX Hellas A.E. Monterrico Metals plc. URS Corporation (U.S. Park Service) Montgomery Watson Americas Ventana Gold Corporation MWH Constructors Vanguard Platinum LLC North Limited
  • 4. Experience Around the Globe p The Americas Europe p Canada and US Spain Dominican Republic Turkey Mexico Greece Guatemala Asia Pacific Argentina Australia Bolivia Mongolia Chile Uzbekistan U b ki t Colombia Kyrgyzstan Peru Kazakhstan Africa - Ghana Indonesia
  • 5. Diverse Backgrounds g Education Experience: 3 - 45 years, p y , Science & Engineering avg. 16 years Civil Mining Chemical Industrial Geological Engineering Industrial I d i l Business M B i Management t Mechanical Exploration Metallurgical Military (Management Physics &Logistics) Management
  • 6. MTB Services • Project Management • Owner Representation • Design Management Oversight • Performance Reporting • Procurement and Logistics Management • Project Controls System Development • Value Engineering & Constructability Review •CCommunity and G it d Government R l ti t Relations
  • 7. MTB Services • Preconstruction Services • Conceptual Studies • Local Conditions Assessments • Site Selection Studies • Prefeasibility Studies • Feasibility Study Management • Independent Study Reviews • P itti Oversight and C di ti Permitting O i ht d Coordination
  • 8. MTB Services • Construction Management • Field Supervision • Quality Control/Quality Assurance • Contract Administration • Project Controls • Material Receipt and Control • Commissioning and Startup
  • 9. MTB Services • Construction Claims • Claim Mitigation • Dispute Resolution • Litigation Support • Claim Evaluation, Preparation, and Defense • Differing Site Conditions Analysis
  • 10. MTB Services • Due Diligence • Project Viability Review • Constructability Review • Construction-Phase Cost/Schedule Audit • Pre-Purchase Property Evaluation • Risk Analysis/Mitigation
  • 11. MTB Studies/Project Evaluations / j • Recently Completed Bankable Feasibility Studies • El Galeno Copper/Moly Project, Northern Peru •MMagistral C Copper/Moly Project, Northern Peru /M N • Idaho Cobalt Project, Salmon, Idaho • San Jose Silver/Gold Project, Southern Argentina • Rio Blanco Copper Project, Northern Peru In addition, completed more than a dozen Scoping and p p g Prefeasibility Studies, all CNI 43-101 compliant.
  • 12. MTB Projects j Dresden Cooling Towers - Illinois Barrie Park Remediation - Illinois
  • 13. MTB Projects j Joliet 29 Station - Illinois
  • 14. MTB Projects j Sipan - Peru El Galeno - Peru
  • 15. MTB Projects j Magistral - Peru San Jose - Argentina
  • 16. MTB Projects j La Bodega - Colombia Los Azules - Argentina
  • 17. Why MTB “Northern Peru Copper is a ‘junior’ mining company, strong on geology, exploration, and financial know- how, how but short on the kind of comprehensive management resources necessary for detailed development of our El Galeno copper project. MTB stepped in and gave us exactly the kind of strong, knowledgeable management and oversight that we needed to keep our development progressing on time and within budget while ensuring that no critical steps, elements or information are overlooked. As we progress from prefeasibility into feasibility, we know that we can trust MTB to manage all our technical consultants, keep a watchful eye on the budget and schedule, anticipate and solve problems before they become critical, and to help us create the highest-quality and most accurate feasibility study possible.” Marshall Koval, CEO Northern Peru Copper Corp Corp. regarding MTB’s management of prefeasibility and feasibility studies for the El Galeno Project in Peru “MTB helped us develop and build our p j as any owner desires: within budget and on schedule. Even p p project y g though these were great achievements, the fact that the mine started operations with no technical problems made MTB's contribution really outstanding.“ Miguel Aramburú, CEO Hochschild Mining plc regarding MTB's management of the development and construction of the Sipán Heap Leach Gold Project in northern Perú
  • 18. Why MTB “MTB came in during the middle of the project to help the contractor get a handle on the project's cost and schedule. schedule They assessed the situation quickly and made sure that I understood the problems honestly and responsibly. These people are straight shooters intent on serving the project owner's interests. I was impressed and looked forward to bringing them in on my next project.“ Dave Dillman Construction Manager Commonwealth Edison's Facilities and Engineering Construction Division at Joliet Station 29 power generating facility on MTB's project controls services during the construction of a 24-cell cooling tower facility for the station "Without MTB, it might have been another year or more before the project actually got started. MTB entered an environment in which attitudes were hostile, negotiations were stalled, and no one could see a clear direction for the project. MTB produced the first project schedule, mediated different groups toward agreement on methodologies, and provided a vision that this project could be accomplished. Their value has t th d l i d id d i i th t thi j t ld b li h d Th i l h only increased as the project has moved forward.“ Mary O'Toole Former Director, Environmental Services Group Commonwealth Edison on MTB's project planning and coordination services on the Barrie Park MGP Remediation Project
  • 19. MTB Foundation - Giving Back g Moses - INABIF Neoplastica Adolescent Oncology Ward
  • 20. Culinary and Cosmetology Students - Peru
  • 21. Family Night – Colfax Community Network
  • 22.   MTB Projects Project Highlights Idaho Cobalt Project Pebble Project Prefeasibility Study Formation Capital Corporation, Salmon, Idaho Northern Dynasty Minerals, Iliamna, Alaska MTB managed engineering, procurement, and pre- MTB assisted Northern Dynasty Minerals with completion construction activities for development of an underground of a prefeasibility study for one of the most significant gold cobalt mine and processing facility in the mountains of projects in North America. MTB’s scope included southern Idaho, as well as construction of a separate scheduling and monitoring the progress of study, preparing refining facility in the town of Kellogg. MTB oversaw the project execution plan, and providing oversight to the design of all facilities and procurement of all equipment logistics plan and the capital cost estimate. and materials, until the project was suspended due to financing and permitting reasons. MTB was also Sipan Heap Leach Project & Expansions responsible for contracting, scheduling, cost control, and Compania Minera Sipan S.A., Cajamarca, Peru other functions. MTB previously managed completion of a feasibility study for the project. Magistral Copper Project Inca Pacific Resources, Ancash, Peru MTB managed basic engineering for a $402 million copper- molybdenum project in a very remote and rugged area of the Peruvian Andes. MTB also managed the successful completion of a bankable feasibility study for the Magistral project. MTB provided comprehensive project management services for the development of this 2.8 million-tonnes-per- San Jose Project Expansion year mine and processing facility located high in the Minera Santa Cruz, S.A., Patagonia, Argentina northern Peruvian Andes. As the owner’s project management team, MTB took this project from feasibility through commissioning on time and under budget, then continued as project manager for the subsequent Phase II Expansion and Capacity Expansion projects. Sipan was the first major gold project developed by a wholly owned Peruvian company and was completely bank financed by Peruvian institutions. Birch Lake Project Franconia Minerals Corp., Northern Minnesota Until the project was recently sold, MTB managed completion of a prefeasibility study and CNI 43-101 MTB assisted the owner with management of a project to compliant economic assessment for an underground base expand the capacity of the San Jose silver-gold project in metals project in northeastern Minnesota. In addition, MTB southern Argentina. Services included construction managed day-to-day operations at the exploration site and management oversight, scheduling, and logistics support. managed completion of a scoping study and preliminary economic assessment. MTB also managed development of a community relations program for the project.       
  • 23.     MTB Projects Project Highlights La Bodega Project Scoping Study facilitated by MTB and resulted in educating the team on Ventana Gold Corp., California, Colombia project management principles as well as providing a detailed report with a path forward for the project. MTB provided a complete prefeasibility study schedule based on team inputs. Elenita Project Prefeasibility Study Antakena Mining, Chile MTB is managing the prefeasibility study team for the Client and overseeing completion of the study on the Elenita Project in northern Chile. This project involved managing multiple international team members to achieve La Bodega Project is a gold-silver-copper project located in the project objectives. The project involved drilling, northeastern Colombia. After completing an initial metallurgical testing, process engineering, geotechnical assessment of the project, MTB was retained to complete engineering for infrastructure and pit slope stability, mine Pre-Scoping and Scoping studies for the project. MTB design engineering for open pit and underground prequalified, coordinated, and managed consultants in the possibilities, managing a new resource estimate, and disciplines of mine design, geotechnical and hydrogeologic structural geology. studies, block model and resource estimation, metallurgical testwork oversight, and process engineering. Project Livengood Project Prefeasibility Study controls, contract administration, and scheduling International Tower Hill, Alaska assistance were provided, as well as oversight with MTB provides project management support and project completion of two CNI 43-101 reports and the final Scoping schedule management for this gold project in the Fairbanks Study Report. MTB formulated a strategy and then area. MTB provided several facilitated workshops for the developed a detailed program for early feasibility work Client to create team consensus on activities required to combining mine design, extensive engineering and field achieve the prefeasibility study objectives. Ongoing investigations, metallurgical testwork, and underground support is provided to Talon Gold by MTB participating in mining contractor selection that allowed the Client access the Livengood Technical Steering Committee. to underground resources necessary to advance to the feasibility stage much earlier than in a normal development Barrie Park MGP Remediation Project cycle. Upon completion of the Scoping Study, the Client Commonwealth Edison/Nicor Gas, Oak Park, Illinois entered into a merger agreement prior to advancing to the next stage of the project. La Colosa Project Prefeasibility Study AngloGold Ashanti, Colombia MTB provided systems and procedures for La Colosa gold prefeasibility study in Bogota, Colombia. MTB supported the project by conducting a project management workshop in Bogota for key team members. MTB presented the basic project management tools and techniques – cost and schedule control. The workshop was professionally    
  • 24.     MTB Projects Project Highlights MTB provided comprehensive project and construction MTB is currently managing completion of a prefeasibility management services to ComEd and Nicor for the cleanup study, including detailed planning, management, and and restoration of a community park and neighborhood in coordination of drilling and extensive engineering field suburban Chicago that was the former site of a investigations at the remote and logistically challenging manufactured gas plant. The $160 million project involved site. removing contaminated soil and abandoned plant structures from the park, the surrounding streets and San Felipe Project Feasibility Study parkways, and some contiguous private properties; Hochschild Mining plc, Sonora, Mexico replacing underground utility lines; backfilling with clean MTB managed completion of a scoping study and material and restoring the park and streets. Major subsequent prefeasibility study for this zinc-silver project in components of MTB’s work included facilitation of project northern Mexico. MTB’s scope included managing all planning, creation and management of a master schedule, aspects of information development and report completion. coordination with multiple local government entities, Concurrent with management of the study, MTB also development and management of a community relations helped to manage preliminary work at the project site, program, direct field management of the remediation including construction of an exploration ramp. contractor, project controls and contract administration, Prefeasibility study work was suspended prior to and oversight of a complex rail system. MTB continues to completion due to low metals prices. support ComEd with closeout of the main project and management of the follow-on work to complete park El Galeno Copper-Molybdenum Project restoration. Northern Peru Copper Corp., Cajamarca, Peru MTB managed completion of a comprehensive feasibility Los Azules Project Scoping Study study for a major copper-molybdenum project in Northern Minera Andes Inc., Argentina Peru. Moving through the project development cycle, MTB MTB managed a scoping study and preliminary economic also managed completion of scoping and prefeasibility assessment (CNI 43-101 compliant) for a proposed studies for El Galeno, as well as CNI 43-101 compliant 100,000 tpd copper mine and concentrator near the base technical reports at each stage of development. MTB also of the Andes Mountains in northern Argentina. provided field coordination of exploration drilling activities. Los Azules Project Prefeasibility Study Dresden Cooling Towers 2000 Project Minera Andes Inc., Argentina Commonwealth Edison, Morris, Illinois,    
  • 25.     MTB Projects Project Highlights MTB provided comprehensive project management and construction management services to Marley Cooling Mayaniquel Project Tower Company for fast-track, turnkey, EPC project to Anfield Nickel Corp., Guatemala provide a major cooling tower facility to Commonwealth MTB is providing project management services for the Edison at their Dresden Nuclear Generating Station near Mayaniquel Project, a nickel laterite project located in Chicago, Illinois. The project consisted of 36 cooling water northeastern Guatemala. The project is in the Pre-Scoping flow of 630,400 gallons per minute using six vertical turbine phase and MTB’s role has included evaluation and pumps. Engineering and construction for the project took management of consultants for power and marketing place between November 1999 and June 2000. studies, metallurgical testwork, process engineering development, and ore upgrading studies. Assistance with Taca Taca Project compilation of a CNI 43-101 report was also provided by Lumina Copper Corp., Argentina MTB. Upon completion of the Pre-Scoping Study, MTB will The Taca Taca Project is a copper deposit located in a be making recommendations to management on the next northwestern Argentina and MTB has been commissioned phase of developing the project. to manage a Pre-Scoping study. In addition to consultant selection, MTB will manage and oversee mine design, Rio Blanco Bankable Feasibility Study geotechnical and hydrogeological field investigations, block Minera Majaz, S.A., Piura, Peru model and resource estimations and metallurgical MTB provided project management and project controls testwork. Project controls, contract administration, and services for development of a bankable feasibility study for scheduling assistance will be made available as the project a proposed 20Mtpa copper project in northern Peru. When advances. built, Rio Blanco could be the second-largest copper mining operation in Peru, with a constructed value at San Jose Bankable Feasibility Study approximately $1 billion. MTB evaluated, recommended, Minera Santa Cruz, S.A., Patagonia, Argentina and managed consultants for feasibility engineering, MTB provided project management and project controls geotechnical engineering, completion of an environmental services for completion of a bankable feasibility study and impact assessment, and other key roles. In addition, MTB environmental impact assessment for a proposed silver- directly assessed and recommended infrastructure gold project in southern Argentina. MTB initially provided a features, such as port facilities, access roads, and power scoping assessment for the feasibility study and was then lines. retained to manage the complete effort. MTB evaluated, recommended, and managed consultants for feasibility Joliet Station 29 Cooling Tower Project engineering, geotechnical engineering, completion of an Commonwealth Edison, Joliet, Illinois environmental impact assessment, and other key roles. In addition, MTB developed owner capital and operating costs, drafted portions of the feasibility study text, and assisted the owner with key aspects of community relations and public disclosure planning.    
  • 26.     MTB Projects Project Highlights MTB provided construction management, project controls, Joliet Station 29 Maintenance Outages and subcontract administration for the installation of 24 Midwest Generation, Joliet, Illinois cooling cells, including civil, mechanical, and electrical MTB managed the planning and implementation of several support facilities, for a major power generation station on a critical maintenance outages for this major power narrow peninsula in the Des Plaines River. generation station. MTB’s comprehensive planning included development of the budget; development, Kazakhstan Projects Assessment monitoring, control and, reporting of the schedule; Frontier Mining Ltd., Kurchatov, Kazakhstan expediting and staging of materials; and contract MTB conducted a thorough assessment of Frontier administration. MTB also provided construction Mining’s project development organization and exploration management and project control services. and development projects in northeastern Kazakhstan. The completed assessment was delivered as a formal Joliet Station 9 Maintenance Outage report to company management. Midwest Generation, Joliet, Illinois Simultaneous with the outage work at Joliet Station 29, Relincho Project Prefeasibility Study MTB also managed the planning and implementation of a Global Copper Corp., Central Chile maintenance outage at Station 9. MTB managed completion of a prefeasibility study for a copper-molybdenum project in central Chile. The property Don Mario Project Feasibility Study was sold prior to completion of the study. Orvana Resources, San Juan, Bolivia MTB directed the completion of a bankable feasibility study Selene Silver Project for this high-grade gold/copper deposit located in eastern Compania Minera Selene S.A.C., Apurimac, Peru Bolivia. Responsibilities included review of existing MTB was contracted as the owner’s representative to documents, studies, and reports; review and comment on a provide full project and construction management services feasibility scoping study; analysis of project economics; for this new gold/silver processing facility in remote and management of activities leading to successful southern Peru. MTB provided contracting and completion of the bankable document. procurement, engineering oversight, and project control services. Amantaytau Goldfields Project Confidential Client, Uzbekistan Madagascar Mining Assessment Project MTB provided feasibility study review and project Golder Associates, Lakewood, Colorado assessment services. Areas assessed included the EPCM MTB provided project controls services to Golder contractor’s execution plan and efforts, capital and Associates on a yearlong field study for the Madagascar operating cost estimates, project schedule, contracting Ministry of Energy and Mines. This World Bank funded philosophy, procurement plan, management organization, project provided the government of Madagascar with tailings facility design, owner’s management structure, critical information relevant to the economic and freight estimate, preproduction employment and training, environmental impacts of mining and helped the and other financial and execution aspects. Local government implement systems aimed at prudently conditions in Uzbekistan and the particulars of working with improving the mining sector. MTB helped Golder maximize joint venture partners were emphasized. its labor and cost efficiency in completing the project.    
  • 27.     MTB Projects Project Highlights Vasilkovskoye Project Toronto, Canada. Tonkin Springs is a gold deposit Teck Corporation, Kazakhstan containing a total resource of more than one million MTB assessed and analyzed local conditions in support ounces gold. MTB helped the owner determine the of the client’s due diligence for a North American/Kazakh economic feasibility of pursuing development under joint venture development of a major gold deposit. present and anticipated market conditions. Jerooy Gold Project Horizonte Tailings Facility Project MK Gold Company, Kyrghyzstan Consorcio Minero Horizonte, Northern Peru MTB prepared inquiry and contract documents for EPC MTB provided project management services including services on a planned 1,460,000 tonnes-per-year evaluating and recommending an engineering contractor project. MTB also provided project management to design a tailings dam, reviewing and revising design, services, local conditions assessment and analyses, and coordinating with the Peruvian authorities regarding budget reviews, financial evaluations, and revision of the environmental permitting. original bankable feasibility study. Olympias Gold Project Tarkwa Project TVX Hellas A.A./TVX Gold, Olympias, Greece Goldfields of South Africa, Ltd., Ghana MTB provided consulting services to review the MTB reviewed and made recommendations regarding prefeasibility study covering application of pressure draft mining contracts for two bidders under oxidation and cyanidation for gold recovery. The intent consideration, then recommended a successful bidder. was to ensure that critical aspects were covered in the This involved a five-year, open-pit mining contract proposed design and to identify items requiring special valued in excess of $120 million. attention during the feasibility study and/or basic engineering phase. The evaluation report included recommendations for risk mitigation. Kumtor Gold Project Kilborn Engineering, Kyrghyzstan MTB provided executive search and personnel Industrial Facility Arbitration Support placement services, specific to CIS knowledge and Confidential Client, Nevada, USA experience with extreme isolation conditions, to the EPC MTB provided services in support of a contract dispute contractor on this $330 million project. involving the engineering and construction of a $300 million industrial processing facility in Nevada. Expert witnesses were identified in the areas of mechanical, Ares Gold Project electrical and structural engineering. After screening Compania Minera Ares S.A., Arequipa, Peru and interviewing the experts, they were submitted to the MTB was contracted on several occasions to provide client’s legal/claim defense team for final interviews. comprehensive project audit services for this project in remote southern Peru, make recommendations to the owner, and coordinate portions of remediation work. Confidential Project Richmont Mines, Northern Peru MTB provided preliminary due diligence services for Tonkin Springs Project prospective investment in a producing gold mine with a Tonkin Springs LLC, Eureka County, Nevada, USA substantial land position and exploration potential. The MTB provided exploration, economic geology, resource evaluation was discontinued based on interpretation of estimation, and mine planning consultation to Tonkin early information. Springs LLC, a subsidiary of Agnico-Eagle Mines Ltd. of    
  • 28.     MTB Projects Project Highlights Confidential Project Durdy Residence Claim Confidential Client, California, USA James Dirk Durdy, Telluride, Colorado, USA MTB provided consulting support to a mining operation MTB assisted in claim preparation for litigation involving with an operating underground and open pit mine with a defective construction and bad-faith insurance claim heap leaching that was nearing the end of its economical on a 100-year-old historic Victorian residence. The work reserves. Support included budgeting, financial involved defective work by a contractor in completing a modeling, and strategic involvement in negotiations structural renovation. regarding multiple life-of-mine scenarios. Additionally, MTB prepared a detailed mine reclamation plan outline for use as the basis for post-operating efforts. Confidential Project Bechtel, Kazakhstan MTB provided input into Bechtel’s due diligence efforts concerning a confidential gold project. Services included providing local-conditions information specific to successful implementation of a project in the CIS. Centennial Community Church Due Diligence 1st Bank of Tech Center, Denver, Colorado, USA MTB provided due diligence and project review services to 1st Bank to ensure that the Centennial Community Church project remained on course for an on-budget, as- scheduled completion. McNary Dam Arbitration Support Bonneville Power Admin., Portland, Oregon MTB represented the financing agency, Bonneville Power Administration, in defending a $4.2 million claim for damages on a new hydroelectric facility. MTB prepared claim analysis documents, and prepared written analyses and presentations at various points in the dispute. MTB also produced all documents and presentation materials for negotiations, including mediation sessions and scheduled arbitration. MTB’s work allowed the parties to settle the dispute favorably in mediation.    
  • 29.   MTB Projects Testimonials “Northern Peru Copper is a ‘junior’ mining company, strong on geology, exploration, and financial know-how, but short on the kind of comprehensive management resources necessary for detailed development of our El Galeno copper project. MTB stepped in and gave us exactly the kind of strong, knowledgeable management and oversight that we needed to keep our development progressing on time and within budget while ensuring that no critical steps, elements or information are overlooked. As we progress from prefeasibility into feasibility, we know that we can trust MTB to manage all our technical consultants, keep a watchful eye on the budget and schedule, anticipate and solve problems before they become critical, and to help us create the highest-quality and most accurate feasibility study possible.” Marshall Koval CEO Northern Peru Copper Corp. regarding MTB’s management of prefeasibility and feasibility studies for El Galeno Project in Peru “The mining industry is booming. All consulting engineers have more work than they can handle. Many mining companies are trying to move new projects toward production as fast as possible so that they may reap the benefits of high metal prices. Inca Pacific is such a company with a greenfield copper-molybdenum project in Peru. Without MTB to coordinate and manage our principle consultants, Inca Pacific would be unable to complete its definitive feasibility study on time and on budget. MTB brings discipline and control to the engineering process, which today is more crucial than at any time in recent history.” Anthony “Tony” Floyd President and Director Inca Pacific Resources regarding MTB’s management of prefeasibility and feasibility studies for the Magistral Project in Peru “MTB’s management expertise, attention to detail, and creative problem solving have been essential to the success of Franconia Mineral’s efforts to advance the development of our Birch Lake project in northern Minnesota. Since we retained MTB in mid-2006 to manage our prefeasibility study, MTB has brought cost-effective management to all areas of our exploration operations and project development. They provide day-to-day management of our drilling and metallurgical testing work, in addition to managing the engineering, geotechnical and other consultants completing the study. In managing all of these activities and consultants, MTB has focused on controlling our budget and schedule. MTB has also provided invaluable assistance with our public information efforts.” Brian Gavin President and CEO Franconia Minerals Inc. regarding MTB’s management of development activities and a prefeasibility study for the Birch Lake Project in Minnesota    
  • 30. "MTB helped us develop and build our project as any owner desires: within budget and on schedule. Even though these were great achievements, the fact that the mine started operations with no technical problems made MTB's contribution really outstanding." Miguel Aramburú General Manager Compañia Minera Sipán S.A. regarding MTB's management of the development and construction of the Sipán Heap Leach Gold Project in northern Perú "MTB came in during the middle of the project to help the contractor get a handle on the project's cost and schedule. They assessed the situation quickly and made sure that I understood the problems honestly and responsibly. These people are straight shooters intent on serving the project owner's interests. I was impressed and looked forward to bringing them in on my next project." Dave Dillman Construction Manager Commonwealth Edison's Facilities and Engineering Construction Division at Joliet Station 29 power generating facility on MTB's project controls services during the construction of a 24-cell cooling tower facility for the station "Without MTB, it might have been another year or more before the project actually got started. MTB entered an environment in which attitudes were hostile, negotiations were stalled, and no one could see a clear direction for the project. MTB produced the first project schedule, mediated different groups toward agreement on methodologies, and provided a vision that this project could be accomplished. Their value has only increased as the project has moved forward." Mary O'Toole Former Director, Environmental Services Group Commonwealth Edison on MTB's project planning and coordination services on the Barrie Park MGP Remediation Project “I cannot overstate the quality of the people working for and the work product of MTB Project Management Professionals, Inc. I have had the benefit of their guidance as both a business attorney in private practice and as President and General Counsel of a privately held precious metals reclamation company. MTB leaves no stone unturned, and gives 110% of their efforts and talent to every project, at every stage. They completed a feasibility study that has been the backbone of a company with which I have been working for four years. I am convinced that this company would have faltered without MTB's participation. I have been so impressed with MTB and the success that MTB engenders that one of my primary objectives at present is to introduce clients with production facility and construction management needs to MTB so that I can be assured of my clients' future success.” Jeff Sanborn President, Vanguard Platinum, and Business Attorney, Williams Mullen, A Professional Corporation Norfolk, Virginia    
  • 31. "MTB's participation in the Barrie Park cleanup has been good for the neighborhood and for the Village. They've managed to work successfully with the Village government and with the community without compromising their responsibilities to their client, ComEd. By expertly moving this project forward, working openly with the Village and the Park District, and by communicating effectively with the community, they instilled confidence in all parties that this difficult project can get done.” Carl Swenson Village Manage, Village of Oak Park, Illinois on MTB's involvement in the Barrie Park MGP Remediation Project "If it wasn't for MTB, the Barrie Park project still might not have a schedule, but they got the project organized and on track. When they came in, they brought some fresh energy that seemed to help move things forward. I saw them as just what we needed to move past the logjam we were in, and our Park District pushed to have them manage the work for the utilities. I have found everyone who works with this company to be well organized and knowledgeable." Gary Balling Executive Director Park District of Oak Park, Illinois on MTB's involvement in the Barrie Park MGP Remediation Project