xstrata copper matrix joint venture, page-25

re: xstrata copper jv up she goes This took me by surprise - I was expected Extrata to Jump on on of the other companies in the region

To got not to be part of so I got some at 5.9/6 cents this afternoon!

Sone info on McCabe:

McCabe Copper Resource Increased by 135%:

As announced in January 2006 (and in the Dec 2005 Quarterly Report) the re-estimation of the McCabe copper resource that incorporated the results from the recently completed
drilling program resulted in a 135% increase in the resource to 1,700,000 tonnes grading 1.24% Copper Specifically the following was reported:
• The McCabe resource has increased by 135% to 1.70 million tonnes @ 1.24% copper (0.5% cut off). This compares to the previous McCabe resource of 720,000 tonnes @ 1.2% copper (0.8% cut off), as reported in the 2005 Annual Report Resource Inventory Table.

• The re-estimation represents an increase in the contained in-ground copper at McCabe from 9,000 tonnes to 21,000 tonnes.
• This increase, when considered with the 50% resource increase reported for the Vulcan deposit in late 2005, confirms the ongoing resource growth potential of the White Range Project.
• Planned drilling programs will continue to further test the potential of the White Range area. These programs will include additional drilling at the McCabe and Vulcan Deposits, a program to define an initial resource at the Leone Prospect as well as testing of a number of additional new prospects.

Details of the McCabe Resource:

The Company’s 100% owned Mt McCabe Deposit is a part of the White Range Project and is located 6 kilometres south west of the main Greenmount Deposit. Drilling programs completed during 2005 have confirmed the significant resource potential of the deposit