Haib Copper Project Update

7 Sep 2006 07:00

Immediate Release 7 September 2006 COPPER RESOURCES CORPORATION DENSE MEDIA SEPERATION IDENTIFIED AS ATTRACTIVE PROCESS FOR HAIB PROJECT IN NAMIBIA LONDON, United Kingdom - 7 September 2006.Copper Resources Corporation (AIM: CRC.L) ("CRC", "the Company") has identifiedan attractive process for its Haib Copper Project in Namibia. Laboratory-scaletest work has confirmed that the Haib ore reacts positively to the applicationof a dense media separation process (DMS). In addition, a new scoping studypoints to a 50% reduction in capital costs compared to earlier studies, as wellas lower operating costs, owing to the reduced feed requirement for DMS.These are the results of a scoping study presented by Mineral EngineeringTechnical Services ("METS") of Perth, Australia, who CRC commissioned to reviewprocessing options for Haib ore, with a view to reducing capital and operatingcosts.With the encouraging results achieved in the scoping study, CRC will now embarkon a full-sc ale pilot scale test work programme, which will be carried out byAmmtec Laboratories of Perth under the guidance of METS. In addition, CRC willbegin work on site to collect samples of ore for mineralogical testing toensure that, over the whole of the ore body, mineralisation characteristics aredocumented. This will require analysis of historical drill cores, which arecurrently stored on site 10km northeast of Noordoewer, Namibia.CRC CEO Chris Jordinson stated, "We have just made a significant step forwardin finding a suitable processing option for the Haib Project; and with positiveresults from ongoing test work the economics of the project will be furtherimproved."The test work was carried out by Roger Townend and Associates, consultingmineralogists, and Ammtec Laboratories, both of Perth, Australia, under themanagement of METS. Material was crushed to less than 2mm and de-slimed at 75‚µ.Some 63.4% of the copper was found to report to 24.9% of the ore mass. Asrecommended in the METS scoping study, the remaining 75.1% of the ore would goto a heapleach process using standard bioleach technology. The followingresults were obtained: % % % % % Via Slimes Via DMS To Flotation To VAT leach Copper Recovery Plant Mass Pull 18.5% 6.4% 24.9% 75.1% 75.4% Copper 24.2% 39.2% 63.4% 36.6% METS is an independent mining engineering consultancy that is not a shareholderin CRC or any associated party. The scoping study has been prepared on aprofessional basis using qualified and experienced engineers working inaccordance with CRC's scope of work. METS's studies are recognized and acceptedby financial institutions working in the resource sector, and METS has approvedthe content of this announcement and the references to its name in the form andcontext in which such references are included. Copper Resources Nabarro Wells & Hanson GTH Corporation Co. Westhouse Communications Mitchell Alland Jonathan Naess Richard Morrison Toby Hall Executive Vice Chairman +44 (0) +44 (0) +44(0) +44 (0) 78 7569 5563 20 7710 7400 20 7601 6100 20 7153 8035 ENDCOPPER RESOURCES CORPORATION