Creston Moly Corp. - Home Page

The Creston Project is located in the State of Sonora, 175 Kms south of the US Border and boasts excellent infrastructure with close proximity to power, roads and railway; a semi-desert climate allows for year round development. In addition a custom molybdenum roaster is located approximately 105 Kms from the property by road.

M3 Engineering & Technology Corporation of Tucson, Arizona ("M3") completed an independent Pre-feasibility Study of the Creston Molybdenum Deposit in February, 2009. The study estimated production, capital and operating cost parameters and project economics with the primary results listed below.

The Main Zone of the deposit contains 249,948,000 pounds of molybdenum and 158,831,000 pounds of copper in a proven and probable mineral reserve of 146,705,000 tonnes grading 0.077% Mo and 0.049% Cu. at a 0.035% Mo-equivalent* cut-off grade**.

Category	Tonnes (000's)	Mo (%)	lbs Mo (000's)	Cu (%)	lbs Cu (000's)

Proven Reserves	44,736	0.079	78,024	0.053	52,217
Probable Reserves	101,968	0.076	171,924	0.047	106,614
Proven and probable reserves	146,705	0.077	249,948	0.049	158,831

Highlights of Pre-feasibility Study
(Based on $15/lb Mo, $1.75/lb Cu and contract mining)

A pre-tax Net Present Value ("NPV") of $465.3 million at an 8% discount rate and $379.7 million at a 10% discount rate;
A pre-tax Internal Rate of Return ("IRR") of 28.2% and capital payback of 3.6 years from initial production;
An annual molybdenum and copper production of approximately 20 million pounds and 12 million pounds respectively from processing of 40k tonnes per day of ore;
Direct costs, inclusive of copper byproduct credits, of $6.57 per lb of Mo- equivalent;
An estimated initial capital expenditure of $511.6 million utilizing contract mining.

*Mo-equivalent: Mo% + (Cu%/7.5)
**Source: Mine Development Associates, December 2008.

Luca Riccio, PhD, P. Geo, a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information contained herein.

Tom Dyer, P.E. of Mine Development Associates is the qualified person responsible for the preparation of the mineral reserve estimate.

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May 27, 2009:
Creston Moly Announces Business Combination with Tenajon Resources (more...)

Feb 18, 2009:
Creston Moly Corp. Announces a Positive Pre-Feasibility Study for its Mexican Molybdenum Project (more...)

Dec 22, 2008:
Project Update and Financial Results for First Quarter Ended October 31, 2008 (more...)