HIGHLIGHTS
Copper Hill
- Geological Resource: 197 million tonnes at 0.3% copper and 0.26% gold
- Start-up 30 million tonne Open Pit planned
- Mill and Plant throughput options and costings underway
- Mill expansion capability will be integral to the overall design
- Detailed mine plans have been prepared
Other Projects
- Additional airborne magnetic survey at Canbelego (Cobar region) projects
- Coincident Magnetic – Gravity anomalies detected in Gawler Craton projects
- Cargo drilling delayed with rig retained at Copper Hill
- New VTEM interpretation for Cobar region projects
Copper Hill
The new Copper Hill geological resource is 197 million tonnes at grades of 0.31% copper amd 0.26 g/t gold (using a 0.2% copper cut-off grade) and is an increase of 24 million tonnes from the previous estimate released in October 2010.