Quarterly Report ending 31st March, 2011 29thApril, 2011
HIGHLIGHTS:
Significant Highlights post quarter end:
Offtake Agreement for sale of mineral concentrates from Rocklands Group Copper project completed with China Oceanwide International Holdings Co. Ltd (“China Oceanwide”). Oceanwide International Resources Investment Co. Ltd (“Oceanwide”) to subscribe for A$130m of shares in Cudeco.
Bonanza gold grades from principal gold source intersected in diamond drill hole DODH223 at Wilgar, with results of 5m @ 132 g/t au (4.24 ounces of gold per tonne from 14-19m), including 3m @ 215 g/t au (6.91 ounces of gold per tonne from 16-19m). Tellurium concentrations identified as key to unlocking principal source of gold at Wilgar.
Potential High-Grade Gold Source at Wilgar Prospect With Visible Gold Recorded in Diamond Drill Core.
New Bedrock Results Double The Footprint of Exotic and Precious Metals at Wilgar with assays up to 173g/t silver, 15,6g/t gold and 6260ppm molybdenum
http://www.cudeco.com.au/pdf/2011_CDU_March_Quarterly.pdf
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Mining investments: ALK, APE, CCE, CDU, DYL, ELT, LYC, MAK, MHM, MOL, NG, NWT, ORE, PDN, POS
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