TAMPAKAN COPPER-GOLD PROJECT
 The Tampakan Copper-Gold Project ("Tampakan Project") is located approximately 50km north of General Santos City , a major growth centre on the southern Philippines island of Mindanao (Fig. 1). General Santos has a population of approximately 420,000 and is accessed by sealed highways, a major deep water port and a modern international standard airport with the capacity to take the largest available commercial aircraft.With a recently updated (December 2007) measured, indicated and inferred resource estimate, of 2.2 billion tonnes at 0.6% copper and 0.2 g/t gold at a 0.3% copper cut-off grade, carried out under JORC reporting guidelines, the Tampakan deposit represents the largest undeveloped copper-gold deposit in the South East Asia - Western Pacific Region (Fig. 2). This resource contains 12.8 million tonnes of copper metal and 15.2 million ounces of gold. Significant additional mineralisation potential exists.  The
Tampakan Copper-Gold Project was the subject of a Pre-Feasibility
Study into mine development by Indophil. This followed the completion
of a successful Scoping Study during 2004 which demonstrated
that the Tampakan Project has robust economic outcomes
using conservative price inputs and based on a preferred
large scale open pit option producing copper concentrates
with associated gold.Further, ongoing metallurgical studies have produced encouraging results in the differential flotation of arsenical copper sulphides present in certain sections of the deposit. Xstrata Copper now manages the ongoing study process. |