Finders Resources
Finders Resources is an emerging copper producer through its Wetar copper project in eastern Indonesia (73% and earning), and has additional growth potential through its Ojolali gold-silver project in South Sumatra (72% with option). 2008 will see the first copper production at Wetar from a 5tpd cathode demonstration plant and a definitive feasibility study targeting copper cathode production of 20-25,000 tones per year. Finders has budgeted for up to 10,000m of drilling to expand on the gold and silver inferred resources (1 million Oz eq.) at the Ojolali Project. Finders has a highly accomplished management team, extensive Indonesian operating experience, and a strong focus on growth through development of quality mining projects.
Finders Resources directors pick up more shares
Finders Resources, the AIM & ASX listed gold and copper development company with assets in Indonesia, today announced that four of the Company’s directors had acquired a cumulative 58,331 shares at a price of A$0.60 per share. The shares were part of a recent placement completed by Finders Resources, where the directors of the Company and some of their associates had already invested A$0.6 million.
Russell Fountain, Chris Farmer, Stephen de Belle and Stephen Lonergan now hold a total of 13.142 million shares in Finders Resources, or approximately 17.5%.
The funds recently raised will be used for the development of the Wetar Copper Project Feasibility Study, and to define “higher grade start up resources” at the Ojolali Gold-Silver Project. Both of Finders Resources projects are at an advanced stage.
Other Finders Resources articles
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22/12/08 Finders Resources anticipates first copper production in January
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23/05/08 Copper: Long term fundamental demand
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22/02/08 Finders Resources: all eyes on Wetar Pilot Plant
Other Finders Resources news
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07/01/09 Finders Resources Names Robert Thomson Executive Director
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01/10/08 Finders Resources secures seasoned mining veteran as General Manager
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04/09/08 Finders Resources to raise up to A$5 million
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11/07/08 Finders Resources expects Wetar Copper Project start-up in September
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02/06/08 Finders Resources increases Jambi resource by 33%
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07/04/08 Finders Resources says Jambi could host more gold
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11/03/08 Jambi may offer Finders Resources short term cash flow
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05/03/08 Finders Resources Chairman ups stake
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04/03/08 Finders Resources executive chairman ups stake
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25/02/08 Finders Resources gets good numbers from Ojolali
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