share placement ... $7.2m ..., page-25

All I can say is well done to Michael Anderson and his team - keep up the good work - yeeaaah. White Dam financed as well as the potential for delivery of the Cloncurry Copper Project inside the next 12 months is not a position that many juniors can compare with. The dilution of 10% is minimal compared to the market volatility experienced over late 2008 and early 2009. I am overjoyed that the White Dam Project is being financed. It can only be good for the Cloncurry Copper Project viability as a stand alone project if a deal with Xstrata is not made. $7 million is a significant cash injection. That makes it about $10.8 million in the bank.

The guys at EXCO have a very good track record. This is great news.