11 May 2011 09:11
Metminco Limited (LSE: MNC)
("the Company")
Metminco Shareholders
For immediate release 11 May 2011
Metminco Investor Presentation
Metminco Limited announces that it has today released an updated investor presentation.
A copy of the presentation can be download from the Company's' website www.metminco.com.au
For further information contact:
South America:
William Howe - Managing Director Ph: +56 (2) 411 2600
Australia:
William Etheridge - Executive Director Ph: + 61(0) 419 400 919
Phillip Wing - Executive Director Ph: + 61(0) 412 254 704
Philip Killen - Company Secretary & CFO Ph: + 61(0) 2 9460 1856
United Kingdom:
Tim Read - Director Ph: +44 (0) 777072 1809
Nomad and Broker - Investec Bank plc
Stephen Cooper Ph: +44 (0)20 7597 5000
Patrick Robb
Tim Thompson (Buchanan Communications) Ph: +44 (0) 20 7466 5000
About Metminco:
Metminco is a dual ASX and AIM listed company with a portfolio of copper and gold projects in Peru and Chile. The Los Calatos project located in southern Peru has JORC compliant resources of 926 million tonnes, consisting of Indicated Resources of 111 million tonnes at 0.39% Cu and 380ppm Mo and Inferred Resources of 815 million tonnes at 0.37% Cu and 260ppm Mo (at a 0.2% copper cut-off grade).
The Chilean assets include a 100% interest in the Mollacas copper leach project with JORC compliant resources of 17 million tonnes consisting of Indicated Resources of 7.2 million tonnes at 0.56% copper and Inferred Resources of 9.8 million tonnes @ 0.52% copper (at a 0.2% copper cut-off grade); and a 50% interest in the Vallecillo gold zinc project with JORC compliant resources of 10.1 million tonnes consisting of Indicated Resources of 7.9 million tonnes @ 1.14g/tAu; 11.4g/tAg; 1.32% Zn; 0.29% Pb and Inferred Resources of 2.2 million tonnes @ 0.78g/t Au; 8.2g/t Ag; 0.58% Zn; 0.26% Pb (at a cut-off grade of 0.3g/t Au).
* Cut off grade of 0.2% Cu. Copper equivalence (CuEq), in-situ, assumes a ratio of Mo/Cu prices of 5.