FND Finders Res.

 
TIDMFND 
 
FINDERS RESOURCES LIMITED 
 
         WETAR COPPER PROJECT- FIRST SHIPMENT COPPER CATHODE 
           IN-COUNTRY PROCESSING SIGNIFICANT FOR INDONESIA 
 
Finders Resources  Ltd.  (FND)  is pleased  to  announce  the  maiden 
shipment of 61 tonnes of copper cathode from the Wetar Copper Project 
on March 6th 2009. 
 
This shipment represents the first production of high quality cathode 
copper using  heap  leach  and SX-EW  technology  within  Indonesia. 
Significantly, the Wetar Copper  Project is in  full accord with  the 
push for increased  levels of in-country  processing required by  the 
new Indonesian mining law. 
 
The five  tonne  per day  cathode  demonstration plant  has  operated 
continuously since February 15  and for the past  two weeks has  been 
exceeding design capacity by 16%. 
 
Chris Farmer, Finders' Indonesian based Managing Director, commented: 
 "Progress at the demonstration  plant strongly vindicates our  faith 
in the technical robustness of the Wetar copper project. 
 
As the first producer of value added copper metal in Indonesia,  both 
the project  and  programs  in place  which  assist  local  community 
development, are  strongly supported  locally.  On  Friday March  6th 
2009,  with   our  local   partner   PT  Batutua   Kharisma   Permai, 
commemorative plaques  of the  first cathode  were presented  to  the 
Governor of Maluku and Regent of Maluku Barat Daya. 
 
The cash  flow  from production  from  the demonstration  plant  will 
provide a solid operating base for the company as we proceed  towards 
developing the  expanded  20,000  tpa copper  mining  and  processing 
facility at Wetar." 
 
For further information please contact 
 
Finders Resources Ltd: 
Russell         Executive Chairman          +61 2 9211 8299 
Fountain 
Chris Farmer    Managing Director           info@findersresources.com 
 
Financial PR: 
Doug Macdonald  Capital      Group      (in +61 424 255 959 
                Australia) 
Nick Elwes      College Hill (in the UK)    +44 20 7457 2020 
 
RFC Corporate Finance Ltd - Nomad: 
Rob Adamson     Managing Director           +61 2 9250 0000 
Stuart Laing    Executive Director          +61 8 9480 2500 
 
FinnCap -  Finders' Broker for the AIM market: 
Mathew Robinson Corporate Finance Director  +44 20 7600 1658 
Joe Lunn        Analyst                     +44 20 7600 1658 
 
 
 Background on Finders Resources 
Finders, listed on AIM and ASX,  is the operator of the Wetar  Copper 
(92% and  earning),  and  Ojolali  Gold-Silver  Projects  (72%  with 
option) in Indonesia, and holds an investment in Geopacific Resources 
NL, an ASX-listed company with  active exploration programs for  gold 
and copper in Fiji. 
At the Wetar Project,  as part of a  definitive feasibility study,  a 
demonstration SX-EW plant with 5t per day copper cathode capacity  is 
being installed and is permitted to process 100,000t of ore from  the 
Kali Kuning deposit.  The Company is targeting commercial  production 
of 20-25,000  tonnes  per year  cathode  by early  2010,  subject  to 
accelerated  schedules  for  engineering  design  work  and   project 
funding. 
 
At the Ojolali Project,  Finders controls what it  considers to be  a 
major new  epithermal  gold district,  and  has been  undertaking  an 
extensive  exploration  program   comprising  detailed  drilling   to 
establish and initial mining resource, supported by extensive surface 
geophysical and  geochemical  surveys.  Finders'  believes  that  the 
Ojolali project has strong potential to generate short-term cash flow 
through open  pit CIL/CIP  development of  the gold  resource at  the 
Jambi Oxide gold deposit. 
 
For further information  on results  previously reported  and a  full 
resource statement please visit our website www.findersresources.com. 
 
 
Disclaimer 
This announcement may or may not contain certain "forward-looking 
statements". All statements, other than statements of historical 
fact, which address activities, events or developments that Finders 
believes, expects or anticipates will or may occur in the future, are 
forward-looking statements. Forward-looking statements are often, but 
not always, identified by the use of words such as "seek", 
"anticipate", "believe", "plan", "estimate", "targeting", "expect", 
and "intend" and statements that an event or result "may", "will", 
"can", "should", "could", or "might" occur or be achieved and other 
similar expressions. These forward-looking statements reflect the 
current internal projections, expectations or beliefs of Finders 
based on information currently available to Finders. Statements in 
this document that are forward-looking and involve numerous risks and 
uncertainties that could cause actual results to differ materially 
from expected results are based on the Company's current beliefs and 
assumptions regarding a large number of factors affecting its 
business. Actual results may differ materially from expected results. 
There can be no assurance that (i) the Company has correctly measured 
or identified all of the factors affecting its business or the extent 
of their likely impact, (ii) the publicly available information with 
respect to these factors on which the Company's analysis is based is 
complete or accurate, (iii) the Company's analysis is correct or (iv) 
the Company's strategy, which is based in part on this analysis, will 
be successful. Finders expressly disclaims any obligation to update 
or revise any such forward-looking statements. 
 
=--END OF MESSAGE--- 
 
 
http://hugin.info/138746/R/1295915/294367.bmp 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

Finders Resources (LSE:FND)
Gráfica de Acción Histórica
De Nov 2024 a Dic 2024

Finders Resources (LSE:FND)
Gráfica de Acción Histórica
De Dic 2023 a Dic 2024