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FINDERS RESOURCES LTD

Mining Company & Property Database
Detailed information on thousands of mining companies and mineral properties

ASX:FND (AUD)  0.38 [0.00 (0.00%)] Nov 20 2009 - Close

LSE-AIM:FND (GBP)  0.22 [+0.03 (+13.16%)] Nov 20 2009 - Close

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Type: Public
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330 WATTLE STREET, SUITE 51, LEVEL 3
ULTIMO
New South Wales
Australia, 2007
Phone: +61 (0)2 9211 8299
Fax: +61 (0)2 9212 0200

Company Summary

Finders Resources Limited is an Australia-based company. The Company focuses on building a mid-tier metal mining and exploration company. It operates in Australia and Indonesia. It focuses on two pre-development properties in Indonesia, which include Wetar Copper and Ojolali Gold Silver. Its Wetar Copper Project is located in eastern Indonesia.

Company News

Thursday, November 12, 2009
Property: WETAR
Finders Resources Ltd report that the Wetar Copper Project Definitive Feasibility Study (DFS) indicates an economically robust project with a mine life of approximately nine years. Life of mine operating costs are estimated to be US$1.00/lb Cu and the project has a total funding requirement of up to US$118 million. Following a review of the DFS results, the Finders board has approved ordering of long lead items to fast track Stage 1- expansion of the demonstration plant to 5,000 tpa copper cathode. The company is reviewing the mining schedules, waste and ore movement, and mining indirect costs relating to the Stage 2- the Whim Creek SX-EW plant expansion- with the expectation of being able to reduce the funding requirement. The Wetar Project is located on the north coast of Wetar Island, in the Maluku province, Indonesia.

News Releases

Friday, September 25, 2009
Friday, September 18, 2009
Monday, September 14, 2009

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