struck copper, page-12

20 July 2007
Centralised Company Announcements Office,
Australian Securities Exchange Limited
20 Bridge Street,
SYDNEY NSW 2000
Dear Sir,
CRJ 2007/0018 BURRA SOUTH SUCCESSFUL COMPLETION
OF INITIAL DRILLING IN THE ADELAIDE FOLD BELT
Copper Range Limited has completed its initial drilling programme at the Princess Royal prospect in
the Burra South Exploration Licence, part of the Company’s extensive tenement position in South
Australia’s Adelaide Fold Belt. The prospect lies 10 kilometres south of the historic Burra copper
mine.
The original 10 hole programme was expanded to 12 holes, totalling 932 metres.
Copper mineralisation was visible in most of the holes with up to 15 metres of copper-bearing
intersections. Copper mineralisation is as malachite above the water table and chalcocite and
chalcopyrite below. Some holes had several copper intersections. Samples have been despatched
for assay.
The highly silicified and brecciated ground is regarded as a positive sign of significant alteration.
Together with previous geological mapping and geochemical surveys, the drilling programme has
established a target zone which is continuous over 2 kilometres.
The Company is very encouraged by the drilling programme. A further drilling programme will be
finalised following the receipt of assays and interpretation of results.
The drilling rig has now moved northward to the Hawker Project area where it will test several
geochemical and geophysical anomalies. It will then move to a 9-10 hole drilling programme on
the Flinders Diamonds Limited JV tenement at Kanyaka.
Further announcements will follow on both the drilling progress and assay results.
The status of the Company’s Olympic Domain exploration programme will be the subject of a
separate announcement shortly.
Copper Range is fortunate in having two copper provinces in which to explore. Whilst the
Company is continuing to identify and test targets in the world-class Olympic Domain, it regards the
discovery potential of the Adelaide Fold Belt very highly. The Company’s strategic tenement
positioning in the Adelaide Fold Belt provides a second focus region where lower costs mitigates
the higher cost Olympic Domain exploration.
For and on behalf of the Board
Stephen Blackman
Managing Director