"...The Company is pleased to report a 37% growth in JORC Reported Mineral Resources at the Stage II (Pedra Branca) Copper Project. JORC Reported Mineral Resource Inventory for Stage I & II has increased to:
52.11Mt at 1.27% Copper, 0.32g/t Gold for 661,000 tonnes of contained Copper and 527,000oz of Gold
This equates to a Copper Equivalent of 773,000 tonnes of contained Copper at an average grade of 1.48% Copper Equivalent2, far exceeding the programme target.
Continued and substantial resource growth at Stage II is expected. True Widths of ore grade mineralisation reach and exceed 40m in new deep drilling in the East, which bodes well for the application of larger scale underground mining techniques.
49.05m at 1.60% Copper, 0.36g/t Gold from 522.00m APBD-12-16 Incl. 18.70m at 2.35% Copper, 0.93g/t Gold, from 561.45m
54.00m at 1.29% Copper, 0.32g/t Gold from 445.00m APBD-12-15 Incl. 24.70m at 2.00% Copper, 0.51g/t Gold, from 461.00m target...."
