Liberty Project (Hall-Tonopah) - Pre-Feasibility Study 2008

Liberty Moly Project Summary (PDF ‎427KB)‎

|04.29.08| General Moly, Inc. - Completes Pre-Feasibility Study on Hall-Tonopah Indicating an Estimated Project Net Present Value of $356 Million

Conference Call on April 29th (Presentation, phone, and webcast replay details.)
A conference was held on Tuesday, April 29th to discuss the study’s results and to answer questions related to Mt. Hope’s ongoing development. A webcast is also available to replay the conference call. Link here for webcast replay

CAUTIONARY NOTE TO U.S. INVESTORS

This website and other information released by General Moly, Inc. may use the terms "resources", "inferred resources", "measured resources" and "indicated resources". We caution U.S. investors that while these terms are recognized and required by Canadian Securities Administrators pursuant to National Instrument 43-101, the U.S. Securities and Exchange Commission (the "SEC") does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. "Inferred Resources", in particular, have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian Securities Administration rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

Calculations with respect to "proven reserves" and "probable reserves" in the Liberty Pre-Feasibility Study have been made in accordance with, and using the definitions of, National Instrument 43-101, as required by Canadian securities regulatory authorities. For United States reporting purposes, a different standard is applied in order to classify mineralization as a "reserve". Under SEC standards, mineralization may not be classified as a "reserve" unless the determination has been made that the mineralization could be economically and legally extracted or produced at the time the reserve determination is made. No such determinations have been made with respect to any mineralization at the Liberty project and it cannot be assumed that such a determination will be made.