the new exs

In the current market, no value is being attributed to anything at all in the EXS portfolio other than the anticipated cash balance. As Michael has stated at various times, there is enormous potential in the remaining assets, especially Hazel Creek, which with time, is likely to replicate the success of the Cloncurry project.

The company is targeting tens of millions of tonnes at or around 1% Cu. The ASX would prefer companies not to talk about resource targets, but given that EXS has the clear and demonstrable track record of delivering on its promises, we can be confident about the future.

From the work already done the company has a wealth of information about Hazel Creek?s geology and mineralogy, and has strong reason to believe that it will be successful in establishing sizeable resources there.