Metallurgical Testing shows high Copper Recoveries at MCB

We're pleased to announce high copper and gold recoveries at our MCB Project:

• Metallurgical test work completed by Brisbane Met Labs on the various ore types for the first five (5) years of mine life demonstrated that results are consistent and readily achievable in terms of grade, recovery and impurity levels, and are consistent with those achieved from the previous test work program.

• The calculated combined weighted average recoveries over the first ten (10) years of mine life indicate that average copper recoveries of 95% and gold recoveries of 77% are achievable at MCB.

• These copper and gold recoveries are based on a conventional flotation circuit to produce a saleable copper-gold concentrate.

• The combined weighted average copper-gold concentrate grade over the first ten (10) years of mine life is estimated to be a high-quality concentrate averaging 25.5% Cu, 5.5 g/t Au, with very low impurities.