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"Formation is dedicated to the principle of environmentally sound mining practices and believes that mining and the protection of the environment can co-exist.
"The project will have a relatively small area of surface disturbance."
"Declines will be developed from portals located above the hydrostatic groundwater level and will be developed to ensure that water does not drain from the portals."
"Formation's Plan of Operations provides for careful disposal of waste rock and tailings in order to protect water quality."
"Process waters will be carefully managed and recycled."
"Within the immediate project area, existing roads will be used as much as possible to minimize surface disturbance."
"The use of underground mining, mine backfill and dry stacking of tailings, provides numerous environmental advantages for the project."


Stage 1 Construction (completed):

Stage 1 consisted of timber clearing for the tailings and waste rock storage facility, the soil stockpile, site roads, and mill and concentrator pads. Dahle Construction, LLC of Salmon, Idaho has now completed the Stage 1 timber clearing (approx 125 acres).

Timber Clearing Stage 1 Timber Clearing Stage 1 Timber Clearing Stage 1 Timber Clearing Stage 1 Timber Clearing Stage 1 Timber Clearing Stage 1

Stage 2 Construction:

Stage 2 Construction commenced in mid-June with the mobilization of heavy equipment by Dahle Construction for the transportation route upgrades and the establishment of a crusher facility to produce aggregate required for these upgrades. Stage 2 Construction will also consist of development and construction of the following: cobalt ore mill and concentrator (approx 7700 ft elevation), water treatment plant, maintenance shop and storage area, aerial tram unloading terminal, tailings and waste rock storage facility, soil stockpile, water management ponds, ram portal bench, ram portal, aerial tram loading terminal and hydrometallurgical facility.

June 2011 Photos:

Finishing Williams Creek surface material placement at ending station 206+30 Dahle Construction's crusher set-up at aggregate pit Dahle Construction crusher setup in Tollman Pit for Williams Creek upgrade June 10, 2011 Near the Mill and Concentrator Pads -June 10, 2011 Proposed Portal Bench Start of Main Access road- June 10, 2011 Snow conditions at 9000 foot elevation, northwest of Challis, June 11, 2011 Snow conditions at 9000 foot elevation, northwest of Challis, June 11, 2011 Williams Creek Road Material Placement, from Dahle Construction Report June 21, 2011 Dahle Construction laborers placing straw waddles for erosion control along Panther Creek Dahle Construction's crushing unit in Salmon ready for mobilization to aggregate pit

July 2011 Photos:

Removing Sub Grade Material on Deep Creek Road for placement on Panther Creek Road fill sections Dahle Construction removing topsoil at Crusher/Concentrator Site Placing road crush on Panther Creek Road Dalhe's crushing operations for Cobalt Mine Construction On-site construction office trailer Dahle Construction on site crusher operation

August 2011 Photos:

Aerial View Site Construction - August 28, 2011 Aerial View Site Construction - August 28, 2011 Aerial View of Site Construction -- August 23, 2011 Aggregate Crushing - August 28, 2011 Concentrator Pad Completed to Rough Grade - August 19, 2011 Concrete -- Kellogg, Idaho -- August 26, 2011 Crusher and Concentrator Site - August 23, 2011 Crusher Site - August 28, 2011 Crusher Site - August 28, 2011 Crusher Site - August 28, 2011 Future Secondary Aggregate Crushing Site - August 28, 2011 Partial View of New Portal Bench Access Road - August 28, 2011 Portal Bench Access Road - August 28, 2011 Portal Bench and Tram Right of Way - August 23, 2011 Portal Bench and Tram Right of Way - August 23, 2011 Portal Bench - August 28, 2011 Portal Bench Construction - August 28, 2011 Power-line Tie-In - August 28, 2011 Preston Rufe, Environmental Manager, Crusher Pad - August 28, 2011 Site Offices - August 23, 2011 Structural Berm Construction on the TWSF - August 28, 2011 TWSF - August 28, 2011 TWSF - August 28, 2011 TWSF - August 28, 2011 TWSF - August 28, 2011 TWSF - August 28, 2011 TWSF - Water Management Pond Excavation Process -- August 27, 2011 View of TWSF from Crusher Site - August 28, 2011 Wetlands Mitigation Area - August 28, 2011 Portal Access Road Construction at the Portal Bench -- August 8, 2011 Concentrator Pad Excavation -- August 8, 2011 Concentrator Pad Slopes and Ditches - August 16, 2011 Slab Clean up in Progress (Kellogg, Idaho) - August 6, 2011 Construction Crew - August 6, 2011 Crusher and Upper Tram / Stockpile Pad - August 16, 2011 Portal Access Road Construction -- August 24, 2011 Access Road and Portal Bench -- August 24, 2011 Tailing and Waste Rock Construction -- August 19, 2011 Idaho Power Construction on Substation -- August 19, 2011 Aerial view of Idaho Cobalt Project -- Top of the Big Flat - August 15, 2011

September 2011 Photos:

Form Work and Excavation/Compaction -- Kellogg, Idaho - September 25, 2011 Formwork -- Kellogg, Idaho -- September 25, 2011 Underground Plumbing -- Kellogg, Idaho -- September 27, 2011 69k V Powerline in Progress -- September 30, 2011 Tailings and Waste Rock Storage Facility site Under Construction -- September 17, 2011 Monitoring Well Drilling -- September 17, 2011 Placing & Compacting Fill on East Water Management Pond Berm -- September 17, 2011 Ram Capture Well Road Construction -- September 17, 2011 Tailings and Waste Rock Storage Facility Under Construction -- September 24, 2011 Portal Bench Construction -- September 24, 2011 Framing Poles for 69kv Transmission Line -- September 17, 2011 Crushing 4 Minus at Switchback Pit -- September 18, 2011 Placing Structural Fill on South Section of TWSF Structural Berm -- September 18, 2011 Crane Test Lug Excavation -- September 8, 2011 Crane Testing Lug -- September 12, 2011 Compaction Testing -- Kellogg, Idaho -- September 12, 2011 Big Flat Water Management Pond Area -- September 6, 2011 Earth compacting -- Kellogg, Idaho -- September 8, 2011 Demolition -- Kellogg, Idaho -- September 8, 2011 Portal Bench MSE Wall Excavation -- September 3, 2011 69kv Transmission Right of Way Clearing -- September 3, 2011

October 2011 Photos:

Moveable Conveyor and Cone Crusher-- Jaw Crusher and Conveyor - October 11, 2011 Adjustable Conveyor and Screen Deck - October 11, 2011 Screen Deck and Cone - Crusher - October 11, 2011 Tail End of Jaw Crusher Discharge Conveyor -- October 11, 2011 Anchor Bolts and Corner Bar Detail at B/10 (Kellogg, Idaho) -- October 11, 2011 Concrete Placement (Kellogg, Idaho) -- October 12, 2011

November 2011 Photos:

Stage 3 Construction:

Stage 3 will encompass mine development below the water table.  
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