Mineral Park Analyst Visit

We recently visited Mercator Minerals Ltd.’s (TSX: ML) Mineral Park Mine, a copper and high grade molybdenum (moly) project in northwest Arizona, located about 95 miles southeast of Las Vegas, Nevada. From 1961 to 1981, Duval Corporation produced copper, moly and silver concentrates at a rate of about 19,000 tons per day (tpd) through a concentrator mill facility. Mercator acquired the Mineral Park Mine in 2003 from Equatorial Mining of Australia, and immediately embarked on a series of improvements and expansions to the SX-EW facility and operational improvements at the mine. In 2006, the Company produced approximately 9.5 million pounds of cathode copper through the expanded SX/EW plant. Construction of a new concentrator mill facility at Mineral Park is well underway, to resume production of copper, moly, and silver concentrates which will supplement the cathode copper currently produced through the leaching process. While the photo (Fig. 1) provides insight to the large scale and extensive prior mining, the project has an estimated mine life of over 25 years, based on currently identified reserves. See full report.