The Company’s vision is to move as rapidly as is prudently possible to producing mine status through development of its Wetar Copper and Ojolali gold-silver projects.
Further growth will be generated through brownfields exploration around the initial projects, plus continued generation of quality new projects with high growth potential through the management team’s expertise and wide range of local and international contacts in the minerals industry.
Specific objectives include:
Development of the Wetar copper project as a low cost copper producer targetting up to 25,000 tonnes per annum copper production in 2009;
Progressive development at Ojolali with low cost start-up oxide gold mining operation to provide cash flow while unlocking the outstanding potential for additional discovery in the field which is controlled by Finders;
Close monitoring of Geopacific Resources NL investment with a view to maximizing the return to Finders from exploration success by Geopacific Resources NL;
The Company is continuously on the lookout for additional situations involving undervalued assets and/or unrecognized potential for low cost acquisition.
The Board considers that progress with feasibility studies for Wetar Copper Project and resource definition and exploration at Ojolali Gold Silver Project is on line with these objectives, and is focused on early development of the projects to take maximum advantage of current high prices for copper, silver and gold.
The Board is fully committed to operational safety and the principles of sustainability in mining.
Comprehensive environmental base line studies have been initiated for the Wetar Project, supported by local community consultation and agreed community development programs, and a similar program will be implemented at Ojolali.