CDU Copper summary

http://www.ga.gov.au/scientific-topics/minerals/mineral-resources/copper

Rocklands (Qld): Located 15 km west of Cloncurry, the deposit was discovered in 2006 with initial drill intersections of 67 m at 1.08% Cu and 71 m at 2.38% Cu. In April 2012, environmental approval was given to build a 3 Mtpa processing plant to produce 480 ktpa of copper-gold-cobalt concentrate. In October 2013, CuDeco entered into a $100 million agreement with Minsheng Banking Corporation that will fund completion of mine development through to commencement of production at Rocklands. Commissioning is due mid-2014. CuDeco has signed contracts with Sinosteel (one of China’s largest State-owned corporations) to supply the $300 million processing plant and procure and hand over a 28 megawatt power station to be constructed by Cummins Australia. In November 2013, CuDeco Ltd reported a Measured, Indicated and Inferred Resource totalling 272 Mt at 0.19% Cu, 0.08 g/t Au and 214 ppm Co.