ASX ANNOUNCEMENT 10 MAY 2012 Redbank Copper Ltd (RCP) has received notification from Hartz Range Mines Pty Ltd and Gulf Mines Limited purporting to terminate the Joint Venture Agreement entered into between RCP, Redbank Operations Pty Ltd, Hartz Range Mines Pty Ltd and Gulf Mines Limited relating to EL10335 on or about 26 July 2011. RCP has disputed the rights of Hartz Range Mines Pty Ltd and Gulf Mines Limited to terminate the Joint Venture Agreement. RCP is currently in negotiations with representatives of Hartz Range Mines Pty Ltd and Gulf Mines Limited with a view to resolving the dispute and will keep the market informed as matters progress. For further information: Martin Depisch Director Telephone: 08 6389 6400
RCP Price at posting:
0.3¢ Sentiment: LT Sell Disclosure: Not Held