The project is located in the Redbank Mineral Field in the NT, where the Company holds a substantial ground position. The region hosts significant economic copper mineralisation and is highly prospective for copper, cobalt, phosphate, manganese and uranium.

The Company acquired the Redbank Copper Mine in 2005. The tenement package included an established resource base, numerous advanced copper targets and processing infrastructure. Redbank
has an exploration program underway to expand its resource base, and is developing the project toward recommencement of production, in line with the Mine Study released in September 2009.

A significant exploration and drilling program is planned in 2010 in order to deliver further expansion of its resource base. Redbank recently released a Development Study outlining increased copper production targets. The Development Study was a further refinement of the comprehensive Mine Study released in September 2009. Copper cathode production is targeted for 2011. Additional information is available at
www.redbankcopper.com.au