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Additional Information
Market: AIM, ASX
Sector: General Mining
Epic: FND
News: Latest news
Web Site: Finders Resources
Other Articles: 29-01-201023-12-200904-12-2009

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Saturday March 13, 08:47Premium risk at Prudential

Insurance giant Prudential has stolen the headlines this week, after their decision to buy AIA, the Asian life business of US insurer AIG, has attracted a mixed response from shareholders.

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Friday March 12, 07:58Lithium and rare earths markets poised for growth

Right now, the world relies almost completely on China for its rare-earth supply. The Chinese have made it clear that they want to keep more supply for themselves as they try to be the world leader in green technology

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Friday March 12, 07:51White Energy enters coal deal with China Guodian Group

White Energy Company (ASX: WEC; OTCQX: WECFY) has inked a non-binding heads of agreement with state owned Guodian Inner Mongolian Energy Sources Co Limited to develop a coal upgrading [...]

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Finders Resources

Finders Resources

Finders Resources' operations include development of the wetar copper project, exploration for copper and gold in Indonesia and investment in resource-based companies. The Company has 93.97% interest in wetar copper project, Indonesia. The Company’s interests in the wetar project and the ojolali project are held through its subsidiaries, Banda Minerals Pty Ltd and Way Kanan Resources Pty Ltd. The Company operates in two geographical locations, being Australia and Indonesia. Its minerals business is based in Indonesia where it is developing a copper project on the island of Wetar and conducting mineral exploration on Wetar Island and Sumatra.

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Thursday, June 25, 2009

Finders Resources making ‘excellent progress’ on Wetar copper project feasibility study

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Finders Resources PLC (AIM: FND) reported “excellent progress” with key aspects of the feasibility study of the full scale development of the Wetar copper project in Indonesia.

The definitive feasibility study, incorporating the recently optioned Whim Creek SXEW plant (solvent extraction and electrowinning), is on schedule for review in August 2009.

Following four months of leaching and production from the large scale test heaps and 5 tonnes per day copper SXEW demonstration plant, the company has now finalised detailed design parameters for the full scale plant expansion to 20,000-25,000 tonnes per annum.

Copper leaching from full scale test heaps at the demonstration plant is on track to reach recovery targets of above 70 percent.

Final pit designs for both the Kali Kuning and Lerokis deposits have been completed by Amdad Pty Ltd, and confirm that effectively 100 percent of the sulphide resource will be recoverable by low stripping ratio open pits. A formal statement of ore reserves under the JORC code is scheduled by the end of July, after detailed review of mining costs, leach performance and mining cut-off grades.

Finders  is  actively engaged in discussions with a wide range of groups who have expressed interest  in providing project finance for the full scale  project, and has  also begun preliminary discussions with Ausenco and a range of Indonesian engineering contracting groups capable of partnering  in the delivery of the expanded project, the company added.

 

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