platmin increases mphahlele project mineral re

PLATMIN INCREASES MPHAHLELE PROJECT MINERAL RESOURCE ESTIMATE
• Indicated Mineral Resources have increased by 37.4% to 49.5Mt at 4.91g/t 5PGE+Au for 7.81Moz (37.4% increase to 4.24Moz attributable to Platmin)
• Inferred Mineral Resources have increased by 47.1% to 71.9Mt at 4.34g/t 5PGE+Au for 10.0Moz (47.1% increase to 5.45Moz attributable to Platmin) CopperCo Limited (“CopperCo”) is pleased to advise that Platmin Limited (“Platmin”) has announced a significant increase in its NI 43-101 compliant Mineral Resources estimate at the
Mphahlele Project in South Africa.
The Mphahlele Project contains a 7.9km strike of Merensky Reef and UG2 Chromitite Layer and is adjacent to Lonmin plc’s Limpopo Platinum mining operations. Both reefs sub-crop approximately 30m below surface.
The revised Indicated Mineral Resource estimate forms the basis for the definitive feasibility study currently underway on the Mphahlele Project which is expected to be complete at the end of 2008.
This announcement should be read in conjunction with Platmin’s announcement; a copy of Platmin’s announcement is attached.
Following the takeover of Mineral Securities Limited, CopperCo holds 19.5 million shares representing approximately 17.52% of the issued capital of Platmin.
Platmin is listed on the both the Toronto Stock Exchange (“TSX”) and the AIM market of the London Stock Exchange (“AIM”), code PPN.
Yours faithfully
Brian Rear
Managing Director
For further information please contact