jubber hints at 10 year mine life

Australia's Perilya forecasts much longer mine life at Broken Hill

Hong Kong (Platts)--30Apr2007
Australia-based Perilya Limited has forecast a minimum six-year mine life or its rejuvenated lead zinc mine at Broken Hill and it expects new drilling to extend that significantly.

Speaking at Monday's 2007 Paydirt South Australian Resources and Energy Investment Conference in Adelaide, Perilya's Chief Executive, Len Jubber, said
the company was targeting at least a 10-year mine life.

This would be based around further development of the mine's three main ore bodies--Potosi, the North Mine and the Southern Operations.

"We have another five years mine life ahead of us based on existing resources and reserves and are confident we can continue to extend the minable
ore bodies at their respective boundaries through extension drilling," Jubber said. "Good intercepts have already been intersected at Henry George, 10 km to
the south and we are targeting satellite ore bodies to feed the existing processing plant which is only operating at 65-70% capacity," he added.

Jubber also pointed to Perilya's expanding second cornerstone business, its A$35 million ($28.9 million) Flinders high grade zinc project near Leigh
Creek in South Australia. He said the company was on track to direct ship its first 15,000 mt of ore from the Stage 1 Beltana open pit by year end.