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"Phillips said that the delivery of the requisite EIS for the Tampakan project was ?imminent? and was expected to act as a trigger for review of the environmental code at the provincial level.

?Indophil remains firmly of the view that the openpit issue will be favourably resolved in a timely manner,? he added.

The Tampakan project contains a measured, indicated and inferred resource estimate of 2,4-billion tons at 0,6% copper and 0,2 g/t gold, for 13,5-million tons of copper and 15,8-million ounces of gold.

Indophil holds a 37,5% stake in the project, with Xstrata owning the controlling 62,5% stake."