drilling highlighted by 20% copper at hl ..., page-4

LATEST DRILLING HIGHLIGHTED BY 20% COPPER AT HORSESHOE LIGHTS

Highlights:-

Drilling continues to intersect significant copper mineralisation north and along strike of the historic Horseshoe Lights open pit and at the nearby Motters Zone.

Best results obtained in:

North West Stringer Zone

* 19m @ 2.9% Cu (73 – 92m); including 2m @ 20.0% Cu & 0.4g/t Au
* 16m @ 2.5% Cu (73 - 89m); including 10m @ 3.5% Cu & 0.2g/t Au
* 29m @ 1.6% Cu (63 – 92m); including 6m @ 3.7% Cu

Motters Zone

* 29m @ 1.2% Cu (89 – 118m); including 4m @ 3.8% Cu
* 24m @ 1.0% Cu (92 – 116m)
* 48m @ 0.6% Cu (4 – 52m)

Drilling continues to target copper mineralisation north of the existing open pit in the North West, Main and Motters zones.

Updated Mineral Resource Estimate to be completed once 2012 drilling programmes and analysis of results are completed.

ASX/MEDIA ANNOUNCEMENT
19 SEPTEMBER 2012