potential phosphate projects near lady annie

COPPERCO TO EXAMINE POTENTIAL FOR ROCK PHOSPHATE PROJECTS NEAR LADY ANNIE

• CopperCo is to investigate expanding its exploration and development activity to include rock phosphate assets, including several historically defined phosphate occurrences within the Lady Annie Copper Project tenement package

• CopperCo has also acquired a large grassroots tenement package within the Georgina Basin, through the merger with Mineral Securities Limited, that is highly prospective for phosphate.

• Lady Annie mine infrastructure is located close to known phosphate occurrences and may provide a platform to fast-track development of any phosphate resource that proves economic

• CopperCo’s primary exploration focus in the region remains on defining additional oxide and sulphide copper resources to drive future growth of the Lady Annie
copper operation. Production is slated to increase progressively from the current rate of 19,000tpa to 30,000tpa by mid-2009