Company News: Exco Resources
Updated: 20 Oct 2010
Exco (ASX: EXS) is focused on developing its portfolio of Australian-based copper and gold projects.
In north-west Queensland Exco holds a ~4,100km2 land package in the highly prospective Mt Isa Block. Exco has established a resource base of 61Mt containing 520,000t of copper and 500,000oz of gold. A Definitive Feasibility Study is being completed on the Cloncurry Copper Project (CCP) and subject to the necessary approvals being received, the Company is aiming to be in production from the CCP by 2012.
In South Australia the White Dam Gold Project has been developed as an unincorporated joint venture between Exco (75%) and the Polymetals Group (25%). White Dam encompasses an open pit mine, dump leach, gold extraction plant and associated infrastructure and is expected to produce ~ 50,000 oz of gold per annum over a 2.5 year mine life. Production is already exceeding expectations and attention has turned to near-mine exploration and resource development activities with a view to extending the life of the mine.
Financial Information
- Level 2, 8 Colin Street
- West Perth
- Western Australia
- 6005
- Australia
- West Perth
- Western Australia
- 6872
- Australia
Most Recent Company News
- Exco dividend - 16 Dec 2011 11:56am
Australia-based Exco Resources Ltd announced the completion of its A$135 million (US$135.9 million) payment to shareholders Read more... - Anderson quits - 12 Aug 2011 11:57am
Michael Anderson has resigned as managing director of Exco Resources Ltd to pursue other interests Read more... - Ivanhoe undecided - 28 Apr 2011 12:15pm
Ivanhoe Australia Ltd has said it is unlikely to decide on the proposed sale of a copper project by Exco Resources Ltd until it knows the size and timing of the distribution of the proceeds Read more... - Investor Seminar: Australia Day - Opportunity of proximity - 10 Dec 2010 11:28am
Eighteen companies made presentations at this year’s Australia Day Investor Seminar in London Read more... - Australian miners stand firm - 23 Jul 2010 11:58am
Gold, iron ore and coal remain the leading commodities in Australia, with bulk commodities being of particular interest Read more... - Gold production at White Dam - 23 Apr 2010 12:02pm
First gold has been poured at the White Dam mine in South Australia following a six month construction and commissioning programme at the site Read more... - Exco boosts Cloncurry resource - 24 Apr 2009 9:32am
Exco Resources Ltd has received an updated resource estimate for its Cloncurry copper project in Queensland, raising the total to more than 51Mt at 0.84% Cu and 0.23g/t Au. Read more...
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