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Additional Information

Market:	ASX
Sector:	Gold Mining
EPIC:	EXS
Latest Price:	0.21 (-2.38% )
52-week High:	0.73
52-week Low:	0.18
Market Cap:	72.07M

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Exco Resources Full Exco Resources profile here

Exco Resources (ASX: EXS) is extremely well funded after the recent sale of the Cloncurry Copper Project in north-west Queensland to Xstrata for $175 million.

Post the sale of the project, Exco’s focus will be to add further value to the company's assets, with the board having already approved an initial exploration program of up to $10 million for the company's remaining tenements in the Cloncurry, Hazel Creek, and Soldiers Cap project areas.

Exco Resources says White Dam gold project takes further step to EPA approval

Tuesday, April 07, 2009

Exco Resources Ltd (ASX: EXS) said its White Dam gold project in South Australia has received Mining and Rehabilitation Programme Approval from the state department of Primary Industry and Resources (PIRSA).

The approval means that Exco and its 50:50 joint venture partner, Polymetals Group Pty Ltd can progress to obtain an EPA works approval and licence.

Exco and Polymetals are currently finalising the joint venture arrangements, and discussions in relation to the financing of the project are currently being held with a number of interested parties.

White Dam lies approximately 80 kilometres west of Broken Hill and is an advanced development project.

The project remains on course to commence construction in mid 2009 with first gold production scheduled for late 2009/early 2010, Exco added.

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