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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	CUO

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CopperCo

CopperCo (ASX: CUO) commenced copper production from the first of five ore bodies in October 2007 at the Lady Annie Operations (“LAO”) located approximate 120 km north of Mt Isa.

The mine employs the heap leach solvent extraction – electrowinning technology (“SX-EW”) which accounts for approximately 20% of the world’s copper production. Lady Annie is producing at an annualised rate of 19,000 tonnes per annum (“tpa”) of copper cathode and will increase production to 30,000 tpa early in 2009.

CopperCo / Minsec merger - another step forward

Friday, July 18, 2008 Mineral Securities Limited (AIM & ASX: MXX) advised the markets that CopperCo has lodged a Form 604, in regard to acceptances it has received from substantial shareholders, for its ongoing offer for Minsec shares. In this case the substantial shareholders include directors of Minsec who hold 36,007,562 or 21.02% of Minsec's shares in issue (22.89% excluding Treasury Shares which are due to be cancelled).

Minsec’s shares are trading today at 48p, which means that Copperco’s is at a premium of 15.8%. Thus it seems very likely that Minsec shareholders will accept the proposed merger deal which is nearing completion

For the background to this story see:

"Mineral Securities - an emerging mid-tier mining group, trading like a depressed junior" published on 15/7/08 on Proactive Investors UK website at http://www.proactiveinvestors.co.uk/art ... t.php?MXX3

The article is also published on Proactive Investors Australian Website at http://www.proactiveinvestors.com.au/co ... -0211.html

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