Ann: Production of First Copper Cathode at Kinsev, page-5

re: Ann: Production of First Copper Cathode a... Yes Miningnut I agree this timetable does look conservative. Redfloyd I would expect analysts to be watching closely at the commissioning and perhaps after the AGM mid-June anticipate new research reports and price targets to be published over the coming months.

?The operating performance to date of the SX and EW circuits is pleasing.? (nice)

?While there are a number of construction and commissioning activities ongoing, the Company expects the commissioning to be substantially completed by the end of the second
quarter and with the support of our commissioning management group, it is anticipated that design capacity will be achieved during the fourth quarter of 2011.?

I also found some interesting comments by the Chairman of Alexander Mining which I have pasted below. Gives us an idea what might be happening at Mutoshi.

The first production of cathode copper is terrific news and Bill turner and all of his team deserve our sincere congratulations for their tenacity and perseverance in getting this project to production.

All the best.

KKR


9 May 2011
ALEXANDER MINING PLC AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010 NOTICE OF ANNUAL GENERAL MEETING AND POSTING OF ANNUAL REPORT
Chairman's statement


????.Firstly, and most importantly, we announced in February, 2011, a joint-venture partnership agreement with Anvil Mining Ltd. on its Mutoshi copper and cobalt project in the Kolwezi region of the copperbelt in Katanga province, Democratic Republic of the Congo (DRC). This is significant as not only is Mutoshi a major project in its own right, but it is our first deal in one of the most important copper/cobalt target regions for our proprietary leaching technology. Moreover, Anvil is an excellent partner, being one of the most experienced and respected mining companies active in the DRC.

The agreement is to build and operate a pilot plant using AmmLeach to treat a total of 150,000 tonnes of cobalt ore for the production of cobalt metal. The plant will also be able (with only minor modification) to process copper ores to produce copper cathode.

Apart from Mutoshi, there is huge upside for our technology because of the magnitude of the copper/cobalt resources in the DRC copperbelt. It is the world's largest sediment-hosted stratabound copper province. The carbonate geology has particularly high acid consumption which makes it ideally suited to our AmmLeach process. By conservative estimates, the DRC copperbelt contains over 190 million tonnes of copper within at least 14 giant deposits, each over two million tonnes copper, and yet is underexplored. As well as the potential to make a satisfactory economic return as a stand-alone exercise, the results from the pilot plant will form part of the decision by Anvil to undertake a feasibility study for the development of a commercial-scale plant at Mutoshi.?