Chinalco Yunnan Copper Resources increases equity in Mary Kathleen Copper joint venture

Chinalco Yunnan Copper Resources Limited has now earned a 70 per cent equity interest in the Mary Kathleen Joint Venture with Goldsearch Limited, located in North Queensland, Australia.

CYU previously announced commencement of drilling on the Mary Kathleen copper discovery at Elaine Dorothy (“Elaine”) and Mount Dorothy. Drilling expenditure in the current program has increased CYU’s total expenditure on the Joint Venture to over $1.5 million which completes the earn-in and triggers the 70 per cent equity
ownership by CYU.

Chinalco Yunnan Copper (CYU) is an Australian company formed to explore for and develop minerals in Australia and overseas. The Company was incorporated on the 24 August 1995 and recently changed its name to China Yunnan Copper Australia Limited, reflecting the strong relationship with its cornerstone investor, Yunnan Copper Industry (Group) Co Ltd (YCI).