🕐17.11.09 - 06:12 Uhr

Q Copper launches Australias largest resources float of 2009



Q Copper media release 17 November 2009 Q Copper launches A$214M IPO - Australias largest resources float of 2009 Key points: - Prospectus lodged for A$214M Initial Public Offering of Q Copper Limited, - ASX-listing likely to occur prior to Christmas, - Up to 214 million shares to be issued (at A$1 per share) with international road show coordinated by IPO Lead Manager Patersons Securities underway, and - Funds raised will be used to acquire Lady Annie Project from Cape Lambert Iron Ore Limited (to be known as Cape Lambert Resources Ltd), to provide working capital to recommence mining operations, and to undertake aggressive near mine and regional exploration programs. Australian copper mining and exploration company, Q Copper Australia Limited ("Q Copper") s lodged its Initial Public Offering Prospectus ("IPO Prospectus") for the issue of up to 214 million shares at A$1 per share to raise up to A$214m before costs, with the Australian Securities and Investment Commission ("ASIC"). Patersons Securities Limited is Lead Manager to the IPO and has, together with representatives of the Company, commenced an international road show. Funds raised from the Q Copper IPO will be used to: Aquire a 100% interest in the Lady Annie Project in Queensland ("Lady Annie") from Cape Lambert Iron Ore Limited (ASX: CFE) ("Cape Lambert"), and Provide working capital for the recommencement of mining and copper cathode production at Lady Annie and fund significant near mine and regional exploration programs at the project. The Lady Annie Project is an established open pit, oxide copper mine utilising heap leach, and solvent extraction and electrowinning technology to produce London Metal Exchange Grade A copper cathodes.

It has been on care and maintenance since February 2009. As at 30 June 2009 the Lady Annie Project had a total oxide Mineral Resource of 24 Mt at 0.9% Cu containing 223,400t of copper metal and a total transition plus sulphide Mineral Resource of 15.8Mt at 0.8% Cu containing 127,300t of copper metal. To read the full announcement click here http://esp.gewru.com/download/files/12414/997693/Q%20Copper%20launches%20A_214M%20IPO%20-%20Australia___s%20largest%20resources%20f.pdf
For more information please contact: David Tasker Professional Public Relations: T: +61 8 9388 0944/ +61433 112 936 E:
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