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Finders Resources Limited was formed to harness the core skills and wide experience of its founders in exploration project selection, assessment and development of mining and mineral projects.

With two advanced projects, Finders is set to become a profitable mid-tier mining company and 2007 represents an exciting year targeting growth and value recognition as the projects progress towards production.

Finders Resources Limited (Finders) Annual Report for 2007 is now available for download. An extract from the Chairman's Letter follows...

"This Annual Report details a year of major progress towards our Company’s goal of becoming a low cost producer of copper, gold and silver, capped off by successful completion of a dual listing on the ASX in early June 2007.

Issue of shares through the ASX and private placements in Europe raised a gross amount of $6.9 million to support intensive work programs on our key Wetar Copper and Ojolali Gold-Silver projects, for which milestones achieved include:

Wetar Copper Project

1. Selection of heap leaching with on site production of cathode copper by SX-EW as the process route, on the basis of high copper recoveries in test work and lower capital and operating costs compared with other processing options
2. Project resource upgrade, to 90% JORC Measured and Indicated status
3. Planning and preparation for on-site test heaps and pilot SX-EW plant.
4. Operations Manager appointed to execute project development strategy
5. To find out more about SX-EW CLICK HERE

Ojolali Gold-Silver Project

• Successful metallurgy test work of Jambi oxide gold samples with indicative gold recoveries of around 90%.
• Integrated modelling of resistivity and newly acquired magnetics data which provides basis for a revised exploration model and better targeting of new prospects to expand the known resource base."




Wetar Copper Project (72.4% Finders, earning more with expenditure) • Approximately 245,000 tonnes of contained copper resources • High grade, low strip ratio, coastal location • Feasibility study under way - bioleach and concentrate / hydrometallurgical options • Targeting 25,000 tonnes per annum copper production by 2009 • Strong exploration land position with potential for new deposits from known targets

Ojolali Gold Silver Project (71.7% Finders) • Jambi Prospect: potential start-up oxide resource with approximately 100,000 ounces of gold and low strip ratio • Tambang Prospect: Major vein system – current resource of 39.5 million ounces of silver and approximately 170,000 ounces of gold • Plan for low cost production start-up at Jambi, later expand to mine Tambang • Highly prospective for additional discoveries, with multiple vein structures defined by mapping and IP surveys • High gold and silver grades in step out drilling



» Finders Resources holds 14.6% of Geopacific Resources NL (ASX:GPR), a Fiji based explorer with an exciting portfolio of gold and copper projects.

» Finders’ holding is currently valued at ~GBP1m and ~AUD2.5m (May 2007)