market update

Still talking re loan of 3.5m

MARKET UPDATE
Diversified minerals miner and explorer India Resources (ASX:IRL) advises that operations continue as
normal. In recent weeks the IRL share price has fallen substantially. IRL is not aware of any change in
outlook that might account for that fall.
The Surda operation has now, as at end June 2008, mined 107,085 tonnes of ore at 1.04% Cu and
produced 3,622 tonnes of concentrate at 23.72% Cu for 872 tonnes of copper metal in concentrate. 850
people are employed on site which is close to the targeted employment roster. The operation is continuing
to ramp up to the targeted production of 37,500 tonnes of ore per month and should reach this target
towards the end of the current quarter. This increasing production and sales program from Surda means IRL
remains in a sound financial position heading into the 2008/09 financial year.
IRL is in talks with Monarch Gold Mining Company (ASX:MON) regarding a $3.5 million outstanding loan
balance. These talks are continuing and IRL has no current information to suggest that Monarch will not
meet its repayment obligations.
IRL has recently commenced a diamond drilling program at its Aravalli Project in Rajasthan. The targets are
historically recorded zinc – lead occurrences adjacent to the operating mines at Rajpura Dariba and
Sindesar Khurd. The program is currently on its second hole and some zinc lead mineralisation has been
intersected. Full results will be announced when they are available.
For more information, contact:
Eoin Rothery
Managing Director
Tel: +61 (0) 8 9324 7009
Mob: 0420 904 332