Web version http://newsletters.ideabank.com.au/t/r-e-hhdtudk-guybhuju-b/ http://newsletters.ideabank.com.au/t/r-fb-hhdtudk-guybhuju-n/ Like http://newsletters.ideabank.com.au/t/r-fb-hhdtudk-guybhuju-p/ http://newsletters.ideabank.com.au/t/r-tw-hhdtudk-guybhuju-x/ Tweet http://newsletters.ideabank.com.au/t/r-tw-hhdtudk-guybhuju-m/ http://excoresources.forwardtomyfriend.com/r-guybhuju-17FDD359-hhdtudk-l-c Forward http://excoresources.forwardtomyfriend.com/r-guybhuju-17FDD359-hhdtudk-l-q , EXS: Quarterly Report - 30 June 2012 Exco continues exploration and resource development programmes
Exco has released its Quarterly Activites and Cashflow Report for the period ending 31 March 2012. Highlights include: Northwest Queensland Projects Exploration Drilling on new regional targets (tier one potential) has commenced and three drill rigs are currently in operation on the companys tenements.

Drilling at Wallace South is in progress. Results from initial phases will be reported separately once finalised.

Drilling is in progress at the Turpentine Deposit targeting down dip extensions to the current resource. Resource Development Exco continues to de-risk and add value to two wholly owned projects, the Mt Colin Underground Project and the Kangaroo Rat Open Pit Project.

A 3,000m diamond drilling programme at Mount Colin commenced towards the end of the quarter.

A resource update will be completed once results from drilling have been received.

Ten infill diamond drill holes for approximately 700m were completed at Kangaroo Rat during the quarter.

A resource update is expected to be completed by September 2012.
White Dam Gold Project, South Australia Gold production Joint venture production for the quarter at 4,437 ounces (100%) was down 1,146 ounces from the previous quarter. The expected run down of Hannaford pit production was offset by the start of production from Vertigo ore.

Leaching continues with recovery levels continuing to exceed initial predictions. Vertigo development and exploration: Mining of the Vertigo deposit was completed in early May.

Production will continue until the December quarter.

The joint venture partners continue to explore for other opportunities in the Drew Hill area.

Cash flow: Exco received $3.4m in revenues for the three months at an average price of A$1,588/oz.

Unit cash operating costs were slightly lower than the previous quarter as expected with the cessation of mining activities at Vertigo.

Operating margins continue to be healthy.
Corporate Board Changes: On 3 July 2012 the board announced the resignation as a non-executive director of Ivanhoe Australias nominated representative, Mr Peter Reeve.

Mr Mike Spreadborough, currently COO of Ivanhoe Australia has been nominated to replace Mr Reeve. Great Australia Royalty: On 19 July 2012 the Company informed the market that CopperChem Ltd was disputing the Companys entitlement to the Great Australia Royalty under the 2009 Alliance Agreement.

Exco intends to initiate discussions with CopperChem with a view to resolving the matter as soon as possible.
To view the full announcement, please click on the following link :
Exco Resources Ltd.

Level 2, Colin St, WEST PERTH WA 6005 Tel +61 8 9211 2000 | Fax +61 8 9211 2001
Edit your subscription http://excoresources.updatemyprofile.com/r-hhdtudk-17FDD359-guybhuju-a | Unsubscribe instantly http://newsletters.ideabank.com.au/t/r-u-hhdtudk-guybhuju-f/