Mercator Minerals Ltd. (TSX: ML)

Mercator Minerals Ltd. (TSX: ML) is a copper producer that owns and operates the Mineral Park copper mine in Arizona. Mercator has a resource with an estimated mine life of over 25 years, and identified reserves of 1.35 billion pounds of copper, 343 million pounds of molybdenum, and 35.3 million oz. of silver. The project remains on schedule for Phase 1 start up the second quarter of 2008. Upon completion of Phase II construction scheduled for 1Q09, production from the concentrator is scheduled to increase to a total of 50,000 tpd, producing an average of 56 million pounds of copper, 10 million pounds of molybdenum, and 600,000 oz. of silver per year over the first 10 years of production.




http://www.mercatorminerals.com/

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Mercator Minerals

Mercator Minerals Introductory Report

Mercator Minerals Ltd. (TSX: ML) is rapidly approaching completion of its initial phase of expansion at its Mineral Park Mine in northwest Arizona.Phases I and II were designed to increase production at Mineral Park to an average of 56.4 million pounds of copper, 10.3 million pounds of moly, and 600,000oz. of silver on an annual basis over the first 10 years of the 25 year mine life.See full report.

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.

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