Adex Mining Inc. is a Canadian junior mining company focused on a staged approach to developing its wholly owned Mount Pleasant Mine property in southwestern New Brunswick, Canada.

The site of a past-producing tungsten mine, Mount Pleasant also contains highly prospective tin-indium ore bodies. According to a Canadian government report, "Mount Pleasant is North America's largest tin deposit and the world's largest reserve of indium."*

Recently completed work includes the following:

• Updated 43-101-compliant resource estimate at the North Zone including 10,882,000 tonnes in the “indicated” category at 0.43% tin, 67.8 grams per tonne of indium, and 0.67% zinc, as well as 7,603,000 tonnes in the “inferred” category at 0.22% tin, 74.6 grams per tonne of indium, and 0.99% zinc  (news release)
• Scoping study on Mount Pleasant's tungsten-molybdenum Fire Tower Zone, indicating that the project is financially robust (news release):
  
  • Unlevered pre-tax internal rate of return (IRR) at 27.1% and an after-tax IRR of 19.8%
  • Net present value using discount rate of 8% is C$164 million (pre-tax) and C$83.7 million (after tax)
• Updated 43-101-compliant resource of 13,489,000 tonnes in the "indicated" category at 0.33% tungsten and 0.21% molybdenum, as well as 841,700 tonnes in the "inferred" category at 0.26% tungsten and 0.20% molybdenum (news release)
• 2008 drilling program, including over 13,000 metres of NQ diamond drilling on the tungsten-molybdenum and tin-indium zones of the property
• Upgrading of tailings impoundment facility to contemporary environmental standards