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Pictorial Update June 2012 - Millennium Minerals Limited

Pictorial Update June 2012 - Millennium Minerals Limited

4 MW SAG Mill

4 MW SAG Mill Installation in progress Development Progress Summary: May ‐ June 2012 Progress at site has accelerated since the last update with construction activity well advanced on equipment, piping and electrical installation. Commissioning remains on previous guidance and is scheduled to start in the third calendar quarter 2012 with commercial production planned for the fourth quarter calendar 2012. Mining fleets are fully mobilised and operational. The mining team is near fully manned up and in a position to commence ore extraction when required by the schedule. In pit activity, including waste mining, grade control drilling and blasting activities have been the key operational drivers since the last update. EPCM engineers Mintrex/BEC declared practical completion on the engineering design during the reporting period. Earth works and all critical concrete work in and around the process plant area are complete. Steel fabrication and platework supply are now finished. The erection and rehabilitation of the CIL equipment is complete. Mechanical installation of the primary crusher facility is complete as is the coarse ore stockpile area. The installation of the 4MW SAG mill commenced in June. Full mobilisation of the site management team will take place during July in readiness for the start of the commissioning processes. No particular issues have arisen with recruitment and the company has been able to put a first class team in place to manage and run the operation. Page 2 of 13

Primary Crusher: The last equipment item ‐installing the run‐of‐mine bin Crushed Ore Conveyor – installing the cantilever section above the stockpile tunnel Page 3 of 13

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