activities report released

Second Quarter Activity Highlights

• Quarterly production was 8,395 tonnes of copper and 583,269 ounces of silver contained in
concentrates. The Dikulushi mine continued to outperform production targets, but production at
the Kulu mine was below budget due primarily to the impact of artisanal mining activity.

• Stage III Dikulushi underground mine decline development had progressed to a total advance of
approximately 2,000 metres by the end of the second quarter and is on target for
commencement of underground mining on a production basis during the fourth quarter of 2007.

• Successful commissioning in early June of the Heavy Media Separation (“HMS”) plant for the
Stage I development of the Kinsevere Project, with commercial production for the plant achieved in late June.

• Completion of a bought deal equity financing that involved the issue of 12.38 million common
shares at a price of C$16.25 per share, for total gross proceeds of C$201.2 million.

• Investment in Sub-Sahara Resources NL (“Sub-Sahara”) by way of a private placement of
A$7.2 million (90 million shares at A$0.08), which gives the Company an 18% stake in Sub-
Sahara.

• Acquisition of an option to purchase two exploration licences in the Nambulwa region, located
approximately 30 kilometres north of Kinsevere.

• Discovery of two new zones of oxide copper mineralization at the Kinsevere mine.

Appointment of Ausenco Limited (“Ausenco”) as the provider of engineering, procurement and
construction management (“EPCM”) services for the Kinsevere Stage II development.

• Announcement of the Military Court of the Democratic Republic of the Congo (“DRC”) that it
had dismissed the charges against Anvil and three of its employees for any alleged complicity in
a military action by the Forces Armées de la République Démocratique du Congo (“FARDC”)
at Kilwa in the Katanga province in October, 2004.