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January 9, 2013
08:31 EDTGMOGeneral Moly initiates preliminary construction activities at Mt. Hope
General Moly announced through its 80% owned Mt. Hope subsidiary, Eureka Moly, LLC, the initiation of preliminary construction activities including early well field development and clearing and grubbing of terrain that coincide with the Companyís ongoing cultural clearance efforts at its Mt. Hope Project in Eureka County, Nevada. A crew from Ames Construction, Inc. has been mobilized, and is initially focused on clearing the administrative office and mill site areas as well as clearing the water pipeline corridor in preparation for developing the well field and water distribution system to support heavy construction activities.
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July 25, 2014
08:04 EDTGMOGeneral Moly announces court order confirming BLM ROD project approval
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July 24, 2014
17:34 EDTGMOGeneral Moly updates Pre-Feasibility Study for Liberty Project
General Moly completed an updated Pre-Feasibility Study for its 100%-owned Liberty Project located 20 miles north of Tonopah, Nevada. Total capital costs to construct the project are estimated at $366M. Sustaining capital costs are estimated at $224M over the Liberty Projectís 32 year life of mine. For the first five full years of production: annual salable production of approximately 14.0M pounds of molybdenum and 7.5M pounds of copper per year is expected; average on-site cash costs of $6.32 per pound are expected; and total cash costs of $7.79 per pound are expected. The updated mine plan results in a total of 402M pounds of molybdenum and 308M pounds of copper to be produced during the LOM. The Liberty Project generates an after tax net present value at an 8% discount rate of $325M, and an internal rate of return of 17.4%.

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