Release: Finders: Wetar copper project ? LME grade A quality product

Finders Resources Ltd. (FND) is pleased to announce that the first shipment of 61 tonnes of copper cathodes from the Wetar Copper Project in Indonesia has exceeded LME A Grade Copper Cathode specifications. For both FND and our partner PT Batutua Kharisma Permai, this marks another key milestone for the development of the Wetar copper project.

Assay reports received from Copper Refineries Pty. Ltd. Townsville, Queensland for each of the three lots in the first shipment had very low impurities and comfortably meets the quality standard for LME A grade copper (BS EN 1978:1998).

Cathode of this quality may attract a premium price from buyers, especially in Asia.

The demonstration plant and test leaching operation continue to perform above expectations, and a second shipment of cathode comprising a further 62 tonnes is in transit to Surabaya via Kupang today.

Chris Farmer, Finders? Indonesian based Managing Director, commented:

?The key for any project is to produce a saleable product and these assays confirm that our cathode quality is very good. This is especially comforting since the assayed cathode is from our first batch of test production and drawn from the ramp-up phase when most quality issues are likely to eventuate.? (end of release)