Casstar Aspestos Corporation Limitep

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PLANT AND EQUIPMENT

The total cost of additions to plant and equipment during the period was $1,359,994, and
included the following:

2 Drillmaster Units
1 Snowblower
> 24-Ton Trucks
2 TD-25 Bulldozers
1 Tournadozer
2 Service Vehicles
4 4-WD Pickups
Addition to Rock Rejection Circuit
Mill
1 Fork-Lift Truck
Additional Screens and Circuit Changes

Plant
1 8-VEBC (650 KW) Diesel Generator
1 20,000 Gallon Water Tank
1 New Powerhouse Building
1 500 KVA Transformer
Townsite
Completion of Community Recreation Hall

Transport

3 Van Trailers
9 Conversions of RD-304 Trucks to RD-302 (to permit increased loading)

OUTSIDE EXPLORATION

An active field force was maintained throughout the year. Trenching and diamond drilling
was carried out on a copper showing in the Fire Lake area, northwest of Watson Lake, but nothing of
economic significance was disclosed.

An option on a new asbestos find in the area was obtained late in the year. Additional claims
were staked and the property will be examined next spring.

STAFF CHANGES AND ACKNOWLEDGMENTS

Mr. N. F. Murray resigned as General Superintendent at the mine and Mr. J. G. Berry has
been promoted to fill this vacancy. Mr. N. Gritzuk has been appointed Assistant to the General Manager
and Mr. Earl McArthur promoted to General Superintendent, Transport Division.

I wish to acknowledge the loyal and efficient service given the Company by these men, their
staff and employees, and by Mr. T. T. Tigert, Consulting Engineer.

May I take this opportunity of thanking the Board of Directors for the support they have given

management throughout the year.
Respectfully submitted,

Toronto, Ontario J. D. CHRISTIAN, General Manager
February 6, 1962 CASSIAR ASBESTOS CORPORATION LIMITED

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