MLN 631-636, MLN 1108 Exploration activities report for the 12 month period to 31st December 2007

Abstract

Redbank Copper Operations operates from a series of small mining leases (MLN 631-635 and MLN 1108), producing copper from a stockpile leach operation located within the mining leases surrounded by ERL 94. Some 683 tonnes of copper was produced from this operation in calendar year 2007 In the twelve months to December 2007 the company completed a 2532.3m RC and diamond core drilling program focussing on the copper deposits at Redbank and Azurite, on MLN 634. The drilling programs at Redbank and Azurite were completed in April 2007, confirming the copper mineralised zones at both deposits. New JORC compliant resources were calculated for all drilled deposits.