12th Dec 2012 07:00
Level 6
122 Walker St
North Sydney
NSW 2060
Australia
T +61 (0)2 9460 1856
F +61 (0)2 9460 1857
ASX ANNOUNCEMENT
12 December 2012
NOTIFICATION OF EXERCISE AND EXPIRY OF OPTIONS
Further to the announcement of 25 October 2012, the Company has received $362.50 representing funds pursuant to the exercise of 1,450 listed Options (ASX: MCNO) at $0.25. The remaining 27,216,067 Options have lapsed unexercised.
An Appendix 3B is attached.
Yours sincerely
Philip W Killen
Company Secretary
For further information contact:
Metminco Limited | Office: +61 (0) 2 9460 1856 | |
William Howe - Managing Director | Mobile: +56 9 9308 7900 | |
Stephen Tainton - GM Investor Relations | Mobile: +61 (0) 477 299 411 | |
Canaccord (Australia) | ||
Warwick Grigor | Office: +61 (0) 2 9263 2700 | |
Canaccord Genuity (UK) | ||
Andrew Chubb | Office: +44 (0) 20 7523 8000 | |
Liberum Capital Limited (UK) | ||
Michael Rawlinson/Tim Graham | Office: +44 (0) 20 3100 2225 | |
Buchanan | ||
Gordon Poole | Office: +44 (0) 207 466 5000 |
Company Background
Metminco is a dual ASX and AIM listed company with a portfolio of copper, molybdenum and gold projects in Peru and Chile.
The Los Calatos Project, located in southern Peru, has a Mineral Resource of 2,316 million tonnes, comprising an Indicated Resource of 885 million tonnes at 0.42% Cu and 270 ppm Mo, and an Inferred Resource of 1,431 million tonnes at 0.40% Cu and 180 ppm Mo (at a 0.2% copper cut-off).
The Chilean assets include the Mollacas Project with a Mineral Resource of 34.3 million tonnes consisting of a Measured Resource of 19.4 million tonnes at 0.45% Cu and 0.16g/t Au, an Indicated Resource of 9.4 million tonnes at 0.34% Cu and 0.16g/t Au, and an Inferred Resource of 5.5 million tonnes at 0.26% Cu and 0.15g/t Au (at a 0.2% copper cut-off); and the Vallecillo gold/zinc project with a Mineral Resource of 8.86 million tonnes consisting of a Measured Resource of 5.5 million tonnes at 0.84g/t Au, 9.99g/t Ag, 1.12% Zn and 0.32% Pb, an Indicated Resource of 2.6 million tonnes at 0.80g/t Au, 10.23g/t Ag, 0.94% Zn and 0.35% Pb and an Inferred Resource of 0.8 million tonnes at 0.50g/t Au, 8.62g/t Ag, 0.48% Zn and 0.17% Pb (at a cut-off grade of 0.2g/t Au).
The Company also has a number of early stage exploration projects where initial exploration activities have identified anomalous copper, molybdenum and gold values.
Competent Persons Statement
The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Colin Sinclair, BSc, MSc, who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the Company as Executive General Manager.
Colin Sinclair has sufficient experience (over 30 years) which is relevant to the style of mineralisation, type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the 'Australasian Code for Reporting of Exploration Results'. Mr Sinclair, as Competent Person for this announcement, has consented to the inclusion of the information in the form and context in which it appears herein.
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