ROCKLANDS GROUP COPPER PROJECTRESOURCE UPDATEAn updated Resource...

ROCKLANDS GROUP COPPER PROJECT
RESOURCE UPDATE
An updated Resource Estimate reported according to the Joint Ore Resource Committee (JORC) Code and Guidelines has now been completed. The Company is reporting a resource that, based on preliminary studies, will sustain the first ten years of a mining operation at a production rate of 3 million tonnes per year.
MEASURED AND INDICATED RESOURCE
30.94 Mt @ 1.24% Cu Eq
(0.80% Cu Eq cut-off) (850 million lbs Cu Eq)
RESOURCE ESTIMATES FOR ROCKLANDS PROJECT USING VARIOUS CU EQ CUT-OFF GRADES
Using 0.25% Cu Eq cut-off
Total Resource 157.0 Mt @ 0.56% Cu Eq (1.93 billion lbs Cu Eq)
Measured and Indicated 101.2 Mt @ 0.62% Cu Eq