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Redbank Project Boosted by Further High Grade Intercepts

P>HIGHLIGHTS

Ø      Excellent results received from final 6 diamond holes of a 1,600 metre RC and diamond drilling program at the Redbank Copper Project in the Northern Territory.

Ø      Assay results returned substantial widths and high grades, including: 

 ·         44m at 7.1% Cu from 5m, including 22m at 13.22% Cu; and,

 

·         19m at 4.91% Cu from surface.

Ø     
Wide sulfide intercepts grading up to 6.33% Cu below pit
Ø      Revised Mineral Resource estimate with a view to upgrade of the resource category to Indicated and Measured due in July 2008.

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