| 3 September 2008 |
| 175% Increase in Indicated Resources at the E1 Camp |
Results from the recent infill programme at the E1 South Deposit have not only succeeded in confirming the geological continuity of the deposit, but importantly have now also led to the upgrading of a significant portion of the resource to the Indicated category. The Indicated portion of 7.3Mt @ 0.73% Cu and 0.20 g/t Au now comprises 40% of the total E1 South Resource, and is expected to form the basis of an in-pit mineable reserve once pit optimisations are re-run as part of the current DFS on the CCP. Known resources at the E1 Camp now total 34.1Mt, with the Indicated portion having increased by 175% to over 11.4Mt.
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| 1 September 2008 |
| Appointment of Chief Financial Officer / Company Secretary |
The Company is pleased to confirm the appointment of Mr Eamon Byrne as Exco’s Chief Financial Officer and Company Secretary with immediate effect. Mr Byrne is a qualified accountant with over 20 years experience in the mining and resources industry. Exco’s Board and Management team looks forward to working with Eamon as the Company continues to progress its portfolio of Cu-Au-U3O8 projects in NW Queensland.
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| 21 August 2008 |
| Ivanhoe Completes Initial JV Earn-In |
Exco and Ivanhoe Australia Ltd entered into a Joint Venture agreement in May 2007 outlining joint venture terms over a number of Exco’s tenements in the Soldiers Cap and Tringadee Project areas. The JV tenements cover a total of ~560km2, and are contiguous with Ivanhoe’s Cloncurry Project tenements in the Selwyn District. Ivanhoe has met the expenditure commitments of the initial earn-in period and intends to continue with further exploration on the joint venture tenements. Ivanhoe can earn an 80% interest in the JV tenements by spending a total of A$5 million by May 2010. |
| 19 August 2008 |
| Fox Davies Capital Appointed as International Capital Markets Advisor |
Exco has appointed Fox-Davies Capital Limited (FDC) as its International Capital Markets Advisor with immediate effect. FDC is a Member of the London Stock Exchange and specialises in providing corporate finance advisory, broking and capital raising services to international resource companies. FDC provides its corporate clients with access to specialised investors in the UK, European and North American capital markets.
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| 14 August 2008 |
| Discovery of New Ore Zone at E1 North |
Drilling has confirmed the presence of a major new zone of mineralisation on the eastern limb of the Company’s E1 North deposit. The zone occurs over an interpreted strike length of at least 160m, and remains open to the south-east where further drilling is underway. Importantly, all of the intersections occur outside of the current E1 North resource model, with the new results expected to lead to a sizeable increase in resources at the E1 Camp. |
| 10 July 2008 |
| Cloncurry Copper Project - Definitive Feasibility Study |
Exco is pleased to announce the commencement of the Cloncurry Copper Project Definitive Feasibility Study (DFS). Following on from a successful role in the PFS, GRD Minproc has been awarded the study engineering package and are well placed to efficiently utilise the knowledge and resources from that phase of work to deliver the DFS, with a target completion date of Q1/2009. |
| 8 July 2008 |
| Positive Pre Feasibility Outcome for Cloncurry Copper Project |
Results from the recently completed Pre Feasibility Study on the Company’s Cloncurry Copper Project successfully demonstrate both the technical and commercial credentials of the project. Production of ~20,000tpa of Cu and ~13,000ozpa of Au over an initial 11-year mine life generates a robust base case project valuation (NPV = A$126M) with significant upside. |
| 24 June 2008 |
| Drilling at E1 Camp Continues to Deliver |
Results from E1 North have confirmed the presence of extremely high grade supergene material with EMMD062 intersecting 16.6m @ 9.04% Cu. Significant mineralization has also been intersected within the interpreted footwall adding further tonnage potential. These new results will be incorporated into an upgrade of the E1 North resource model as part of the upcoming Bankable Feasibility Study on the Cloncurry Copper Project. |
| 18 June 2008 |
| Update on Development Strategy & Capital Structure |
Exco has raised a total of A$11.4 million via the recent unlisted option exercise which was fully supported by Company’s two largest shareholders, Ivanhoe Australia (19.9%) and Lion Selection (10.4%). The funds have contributed to a healthy cash position of approximately A$20 million. The current PFS on the Cloncurry Copper Project is nearing completion and the Company expects to make a seamless transition to a Definitive Feasibility Study. |