Copper

The Thomas Creek Copper Gold Project is a recently discovered, highly prospective and underexplored porphyry copper-gold target with the potential for a ‘world-class’ resource.  This prospect has affinities to parts of the Mt Lyell mineralisation (311Mt @ 0.97% copper, 0.31g/t gold*).

In March 2010 the Company completed an airborne geophysical survey (VTEM) over prospective copper targets in Western Tasmania.  Follow up of any anomalies generated by this survey would be planned for late 2010 when weather permits.

* Mineral Resources Tasmania 2005 “Mineral exploration opportunities in Tasmania: A summary of opportunities for mineral exploration and mineral resource development in Tasmania”