target copper resource extended ...., page-4

Highlights include:-

The Company is pleased to report a 37% growth1 in JORC Reported Mineral Resources at the Stage II (Pedra Branca) Copper Project.

JORC Reported Mineral Resource Inventory for Stage I & II has increased to:

52.11Mt at 1.27% Copper, 0.32g/t Gold for 661,000 tonnes of contained Copper and 527,000oz of Gold

This equates to a Copper Equivalent2 of 773,000 tonnes of contained Copper at an average grade of 1.48% Copper Equivalent2, far exceeding the programme target.

Stage II East grade is up by 10% and tonnes have increased by 50%, with mineralisation both thickening and remaining open at depth.

Continued and substantial resource growth at Stage II is expected.

True Widths of ore grade mineralisation reach and exceed 40m in new deep drilling in the East, which bodes well for the application of larger scale underground mining techniques.

49.05m at 1.60% Copper, 0.36g/t Gold from 522.00m APBD-12-16 Incl. 18.70m at 2.35% Copper, 0.93g/t Gold, from 561.45m

54.00m at 1.29% Copper, 0.32g/t Gold from 445.00m APBD-12-15 Incl. 24.70m at 2.00% Copper, 0.51g/t Gold, from 461.00m

New intersection ABPD-12-18 is double the typical grades observed previously in the West, indicating potential that this zone could develop at depth similarly to the high grade East:

24.00m at 1.50% Copper, 0.50g/t Gold from 172.40m APBD-12-18 Incl. 9.80m at 2.41% Copper, 0.80g/t Gold, from 182.70m

Drilling has commenced at the Conceicao Nickel-PGM project located in southern Carajas.
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http://www.asx.com.au/asxpdf/20120927/pdf/428zlzgb5cc7ms.pdf