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Liberty Mines Inc. is a producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in Ontario, Canada.
The Redstone nickel mine near Timmins is in commercial production with the McWatters nickel mine anticipated to be in pre-production during the 3rd quarter of 2008. The Hart nickel project is now 43-101 compliant and work is currently being done on leases and permits to make it become Liberty's third nickel mine to mine while McWatters is still in production.
All of the company's nickel ore will be processed at the Redstone Mill which is located at the Redstone mine site. The mill is fully permitted and uniqely designed to process 1500 tonnes of altered komatiite ore per day.
The Groves nickel-copper-PGM (Platinum Group Metals) project near Gogama has a known historical resource. A group of 6400 ha of contiguous mining claims has been assembled around the historical deposit. An airborne VTEM survey followed by a extensive drill program is in progress.
The McAra Lake property near Shining Tree, about 150 km south of Timmins, hosts a system averaging approximately 2% cobalt. The property has been minorly explored and will the subject of an intense drill program to prove up tonnage of this unusually rich cobalt resource (Cobalt normally occurs in deposits as a .02% by-product of nickel ores or as a deposit with copper or nickel ores with a .5% cobalt grade, 4 times less rich than Liberty's deposit).
The Sothman nickel project is located approximately 75 km south of Timmins Ontario. It is accessible by a well maintained gravel road that connects Timmins to Shining Tree. The Project consists of 51 contiguous mining leases in Sothman, Kemp and Mond Townships optioned from Xstrata Nickel and an additional 24 mining claims (5408 hectares) staked by Liberty that surround these leases.
On Oct 28, 2008 Liberty Mines Inc. announces that in the wake of the recent downturn in commodities prices and the general economic slow-down, management has determined that it is initiating a care and maintenance program at its Redstone and McWatters mines and the Redstone nickel concentrator effective immediately.