ABOUT STARDUST MINE OPERATION
The first property selected for further development has visible mineral reserves valued at $19.5 million and estimated potential reserves of $192.5 million. Advancements in new technologies dependent on this mineral resource will provide the foundation for annual revenues in excess of $100 million within 36 months.
An agreement is in place to acquire a mineral resource property, entitled Snow White. Stardust has identified key professionals to mine, mill and market the property’s high-grade barium sulfate. Stardust recognizes that the barium sulfate mined on this unique and rare property is scalable in value, will support its fundamental business model, and plans to take full advantage of the over 95% pure quality of the mineral deposit. We have validated the authenticity of the mineral rights on the subject properties, visited the property sites on several occasions and reviewed independent laboratory reports. Furthermore, we have conducted thorough site inspections, obtained geology reports, reviewed county records and Bureau of Land Management reports. Included in, but not limited to, our research reflects various recommendations of mining engineers and laboratory technicians.
We have a Management Team in place to bring the property into production. To that end, management feels confident that the company will not only be able to provide an attractive “return on investment’ and maintain a high level of profitability, but will also be capable of self-financing the exploration of its other property interests. By the end of 2009, our operation is projected to mine and process 250 tons of barite daily, 6,250 tons of high-grade barium sulfate monthly, have the capacity to produce 75,000 tons annually, and is expected to operate — profitably.