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EXCO RESOURCES LIMITED

ASX: EXS

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Exco Resources Ltd (EXS) is an Australian focused ASX listed exploration and mining company that has been operating since 1998. Exco focuses on resource and project development through its team of experienced geologists, engineers and commercial specialists. The Company is currently focused on developing its portfolio of Australian-based copper and gold projects in north-west Queensland and South Australia.

In north-west Queensland, Exco holds a sizeable ~4,100km2 land package in the highly prospective Mt Isa Block and has established a resource base of >61Mt containing 519,400 t of Cu and 500,000 oz of Au. The Company is currently completing a Definitive Feasibility Study on its Cloncurry Copper Project (CCP) with the aim of taking this project into production by 2012.

In South Australia Exco is developing the White Dam Gold Project in a 75:25% joint venture partnership with the Polymetals Group. First gold production commenced in April 2010 following a successful six month construction and commissioning period. The JV partners will now look forward to ramp up gold production to an annualised rate of approximately 50,000 ounces per annum. In addition to increasing production, attention will also turn to near-mine exploration and resource development activities with a view to extending the mine life at the White Dam project.

Cash flows from White Dam will ultimately assist the Company in expediting the preferred development strategy for its portfolio of Cu-Au-Fe projects in north-west Queensland.

Mine For

copper, gold, iron ore, uranium, rare earths

Location of operation(s)

Queensland, South Australia

Address

Level 2 , 8 Colin Street
WEST PERTH, WA, AUSTRALIA

Phone

(08) 9211 2000

Email

Website


Last Updated

10/5/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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