Dual listed mineral exploration and development company Finders Resources released a review of progress at its Wetar Copper Project and Ojolali Gold-Silver Project, both located in Indonesia.
At Wetar, Finders reconfirmed its target of producing 20-25,000 tonnes per annum of copper cathode by the end of 2009. A SX-EW pilot demonstration plant is under construction now as part of a definitive feasibility study.
Meanwhile, at the Ojolali gold-silver project, the company said it believed that the project had "strong potential" to generate short term cash flow with the development of the gold resource at the Jambi Oxide gold deposit. Finders also believes their is "outstanding potential" for additional discoveries within the project area. Further drilling is already underway to test additional targets.