Ashburton Joint Venture

In mid 2008, Metminco entered into Joint Venture farm-in agreement with Peak Resources Ltd (Peak) on the Ashburton Project.  The Ashburton Project is located midway between Paraburdoo and Meekatharra.  The Project consists of two granted exploration licences E08/1239 (Mt Vernon) and E08/1240 (Pingandy).

Due to Metminco’s current focus on base metal exploration in South America, the Company has withdrawn from the Joint Venture.