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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.

 

Also Known as: Exco
Business Category Exploration; Mining
Regions of Operation Australasia
Exchange Ticker EXS
 

Latest Press Releases

20 Oct 2010
23 Oct 2009
White Dam Reserve Upgrade & Finance Update 
The White Dam Probable Reserve has been upgraded and now contains a total of 4.94Mt @ 1.07 g/t Au for 170,400 oz contained (@0.4g/t cut-off). Importantly, the upgrade has been successful in in satisfying the final conditions of the AU$16M debt facility provided by Barclays Capital.
23 Oct 2009
Drilling to Resume at Cloncurry & Hazel Creek Projects 
Reverse Circulation (RC) drililng is scheduled to commence on a number of Exco's key regional exploration prospects within the Cloncurry Copper and Hazel Creek projects. The drilling programmes have been planned to both to follow up on on previous positive results at a number of prospects, and to focus on untested or partially tested geophysical anomolies.
23 Oct 2009
$10.1M Placement Completed to Advance Cloncurry Copper Projects 
Exco is pleased to announce that is has executed a placement agreement to raise AU$10.1M (before expenses) through the issue of approximately 41.3 million shares at 24.5 cents each.

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Financial Information

Share Holders Ivanhoe Australia Ltd; JP Morgan Chase & Co (UK); WH Soul Pattinson & Co Ltd; JP Morgan Nominees Australia Ltd; Mr Alasdair Cooke; Aus Ore Investments Pty Ltd; HSBC Custody Nominees; Mr Geoffrey Rol; Dale Park Pty Ltd; Shorlane Pty Ltd
Exchanges listed on ASX
Market Cap ~AU$185.3M
Shares Issued 346,494,187
Exco Resources Ltd
  • Level 2, 8 Colin Street
  • West Perth
  • Western Australia
  • 6005
  • Australia
PO Box 1726
  • West Perth
  • Western Australia
  • 6872
  • Australia
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