trading halt, page-3

There due to report on Netley Hill project.



"New Netley Hill Copper – Molybdenum Prospect
Diamond drilling of an initial four (350 metre deep) holes commenced in late-January at the Netley Hill
Prospect. The target has key parameters of a large porphyry copper-molybdenum mineralised system.
Induced polarisation (IP) geophysical surveying in August 2007 defined a very strong (10–30ms), large
(3 km long by 1 km wide x 400 metre deep) IP chargeability anomaly below strongly anomalous
copper and molybdenum results intersected in historic shallow percussion drill holes at Netley Hill.
Copper and molybdenum grades in previous drill holes increase at depth and are open at end of all
holes drilled above the IP anomaly. Notably, the IP and geochemical anomalies lie at the centre of
intense surface alteration within a 5 kilometre diameter (bulls-eye) magnetic anomaly in Ordovician
age granite rocks intruded by porphyritic dykes.
The results from the geophysical survey integrated with the geology, previous drilling and magnetics
were combined to define an outstanding drill target that will be tested in the current drill program.
The Company has commenced an initial four hole diamond drilling program, with two fences of two
holes to a planned depth of approximately 350 metres to test the central portion of this exciting target.
The drill program will be approximately 5-6 weeks in duration."