Additional Information
Market: ASX
Sector: General Mining - Copper
EPIC: EXS
Latest Price: A$0.16  (-3.13% Descending)
52-week High: A$0.73
52-week Low: A$0.15
Market Cap: A$54.49M
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Exco Resources
www.excoresources.com.au

Exco Resources Ltd has a clear development strategy for its highly prospective project portfolio. The portfolio currently includes the White Dam Gold Project in South Australia and the Cloncurry Copper Project in NW Queensland.

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Exco Resources in trading halt pending Cloncurry Copper Project announcement

5th Apr 2011, 3:04 am

Exco Resources (ASX: EXS) has requested a trading halt pending release of a clarification announcement about recent press speculation in connection with the company and its Cloncurry Copper Project.

The halt will last until an announcement is made or commencement of trading on Thursday 7th April 2011.

On December 17 Exco established a maiden JORC reserve at its Cloncurry Copper Project (CCP) located in North West Queensland.

The open pit ore reserve estimate is 28.1 million tonnes at 0.83% copper & 0.24g/t gold.

Growing confidence in Exco's ability to establish a sizeable 3 million tonne per annum operation at Cloncurry would not be lost on Xstrata  (LON: XTA), with its Ernest Henry operation located just 8km to the east of Exco's CCP project.

In April 2010, Xstrata said, it "was looking at opportunities with juniors in the region to help bolster mill feed as the project transitioned to underground mining”.

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