Wetar Copper Project (85% Finders, earning more with expenditure)

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»Commercial scale demonstration plant with 100,000t test heap under construction

»5tpd Cu SXEW plant start-up early October 2008

»Targeting 80% ultimate Cu recovery, through bacterial heap leaching

»Strong exploration upside

»Permitting process on track

»Robust, high grade Resource Base (JORC)

»Open pit mining, low strip ratio, coastal location

»Feasibility study - Heap leach SXEW operation to produce 25kt cathode/year

Fast Track Schedule - Target Time Lines

»Q3 2008 test heap commence irrigating

»Cathode copper production from October 2008

»Cash flow from Demo plant from November, up to 150t Cu cathode / month

»Complete feasibility study for full scale 25,000tpa plant December 2008

»Initial production January 2010

Ojolali Gold Silver Project (71.7% Finders)

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• » Major new epithermal district (+25km)
• » ~1 million Oz Au Equiv. in inferred resources at Jambi & Tambang
• » New Targets defined by soil geochemistry/geophysics
• » High potential for additional discoveries

Project Status

• »Upgraded Resource Estimate for Jambi oxide gold, 138 Oz Au, plus significant potential for additions
• » Inferred sulphide resource at Tambang (7.9 Mt @ 167 g/t Ag and 0.7 g/t Au at a 1 g/t cut- off) with untested potential for enriched oxide cap
• » Additional target areas defined by new soil geochemistry

Ojolali Development Strategy

• » Plan start-up 50K oz Au pa open pit at Jambi for cash flow
• » Feasibility and permitting by Q3 2009
• » Initial Production 2010
• » On going exploration to increase resource base
• » multi million ounce potential