China Yunnan Copper Australia LTD stößt auf signifikante schwere Seltene Erden-Vererzung ISIN: AU000 - 500 Beiträge pro Seite

[ZenoCyprus]

Yttrium - Kobalt - Kupfer - Uran - Schwere Seltene Erden - Oxiden - Gold

Ein Kursplus von fast 73% bei mehr als 15 Mio. gehandelten Aktien: Das sind die Auswirkungen der Meldung, die die australische China Yunnan Copper (ASX: CYU) heute veröffentlichte.

Das Unternehmen hat auf seiner Liegenschaft Mt. Dorothy im Nordwesten von Queensland nach eigenen Angaben signifikante Spuren so genannter schwerer Seltener Erden gefunden.

Seltene Erden Metalle werden in vielen Schlüsseltechnologien eingesetzt und u.a. für Elektromotoren benötigt.

Ein Highlight dieser Entdeckung ist eine breite Zone von Yttrium und schweren Seltenen Erden von 16 Metern mit einem Gehalt von 1.249 ppm (parts per million) oder 1,24 Kilogramm pro Tonne. Ein weiteres Bohrloch wies einen Abschnitt von 26 Meter Länge mit einem Gehalt von 1,54% Kupfer und 198 ppm Kobalt über 50 Meter auf. Das Unternehmen erklärte, dieser Fund gleiche einem bereits gemeldeten Bohrloch, das 1,52% Kupfer über 35 Meter und 397 ppm Kobalt über 17 Meter erbrachte.

Die Kupfer- und Kobaltliegenschaft Mount Dorothy ist Teil des Joint Ventures Mary Kathleen mit Goldsearch (ASX: GSE) im Nordwesten von Queensland. Diese jüngsten Ergebnisse, zusammen mit den bisherigen Funden, erhöhen die Bedeutung der neuen Zone für das Joint Venture erheblich.

Einer der wichtigsten Investoren von China Yunnan Copper Australia ist übrigens die Yunnan Copper Industry (Group) Co Ltd (YCI), einer der größten Kupferproduzenten Chinas. Der größte Investor von YCI ist wiederum der staatliche chinesische Aluminiumkonzern Chinalco.

In der kommenden Woche sollen auch die Bohrungen auf dem Mary Kathleen-Joint Venture wieder aufgenommen werden, das bislang über eine geschlussfolgerte Ressource von 83.000 Tonnen bei insgesamt 3.200 ppm Seltene Erden-Oxiden und 280 ppm Uran verfügt.
07.01.2011

[ZenoCyprus]

Yunnan Copper Industry (Group) Co Ltd is China's third largest copper producer.

In 2006, they produced 362,000 tonnes of copper cathode. YCI produced 13% more copper in 2007 than 2006, due to higher domestic demand. Copper production reached 426,000 tonnes and total sales were Yuan 40.6 billion (AUD $7.5 billion#, up 24% from 2006. On the 25th of January 2008, the Aluminum Corporation of China #Chinalco) acquired a 49% interest in YCI. Chinalco has confirmed its strategic alliance with YCI and reiterated their ongoing support for China Yunnan Copper Australia to become YCI's international investment arm and mining house.

CYU has targeted high quality copper, gold and uranium projects and has eleven 100% owned Exploration Permit for Minerals (EPM's) tenements located in the Mt Isa Inlier, Ravenswood-Pentland Province and the Clermont Inlier in Queensland, Australia. The Cloncurry project in the Mt Isa Inlier contains wide intercepts of low grade copper ( 92m at 0.2 % Cu ) associated with feldspar- magnetite alteration similar to the nearby Xstrata's Ernest Henry Cu-Au deposit.

The technical team is implementing an aggressive exploration program with soils sampling, geophysical prospecting and diamond drilling underway on the Cloncurry Project. The Mt Isa, Pentland and Clermont projects have ongoing programs of geochemical and geophysical program delivering drill targets for testing in the current calendar year.

[ZenoCyprus]

Top 20 Shareholders of CYU:

Rank Name Shares %

1. CHINA YUNNAN COPPER (AUSTRALIA) INVESTMENT AND DEVELOPMENT CO
23,000,000 21.17%

2. MR NORMAN JOSEPH ZILLMAN 8,100,000 7.45%

3. ELLIOTT NOMINEES PTY LTD <ELLIOTT EXPLORATION CO S/F A/C>
7,150,000 6.58%

4. FLAT OAK PTY LTD 4,463,263 4.11%

5. PREMAR CAPITAL NOMINEES PTY LIMITED 3,333,333 3.07%

6. MR BRUCE JAMES WOOD 2,901,288 2.67%

7. HIROSIE PTY LIMITED <THE RJ THOMSON SUPER FUND A/C> 2,431,130 2.24%

8. YUNNAN & HONG KONG METAL CO. LTD 2,400,000 2.21%

9. MS MARIA ANTOINETTE GREER 2,200,958 2.03%

10. MS JULIE HEATH MCCONAGHY 1,876,000 1.73%

11. PACIFIC CAPITAL SECURITIES PTY LTD 1,725,997 1.59%

12. DR RICHARD HAREN + MS SUSANNE HAREN <R & S HAREN SUPERFUND A/C> 1,672,574 1.54%

13. DEPOND AUSTRALIA PTY LIMITED 1,666,667 1.53%

14. KING FAITH GROUP LIMITED 1,600,000 1.47%

15. ROCK MASTER PTY LTD 1,600,000 1.47%

16. HIPETE PTY LIMITED 1,400,000 1.29%

17. MR ROSS THOMAS 1,400,000 1.29%

18. OPTEX EXCHANGE PTY LIMITED <DAVID SUTTON SUPER FUND A/C> 1,291,480 1.19%

19. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 1,056,133 .97%

20. HIPETE PTY LTD 1,031,129 .95%


TOTAL: FOR TOP 20
Shares: 72,299,952
Percentage: 66.54%

As at 20 August 2010

[ZenoCyprus]

Hier findet man Projektinformationen und Locations:

http://www.cycal.com.au/irm/content/projects_location.html

[ZenoCyprus]

Sydney, Jan 7, 2011 (ABN Newswire) - China Yunnan Copper Australia Limited (ASX:CYU) announced significant heavy rare earth element (HREE) discovery in northwest Queensland with joint venture partner Goldsearch Limited (ASX:GSE). Results from drilling on its Mount Dorothy copper and cobalt prospect include 16m at 1249 ppm total HREE-Yttrium, 36m at 1.54% Cu and 198ppm Co, and 35m at 1.52% copper and 397ppm cobalt. The discovery of Yttrium suggests Mt Dorothy is an important new rare earth element prospect.

[boygeorge]

der übliche Abzockeversuch, Mods, bitte Thread schließen, bittedanke.

[suuperbua]

Antwort auf Beitrag Nr.: 40.823.291 von boygeorge am 07.01.11 21:17:42

hi boy

hab Dein posting mal positiv bewertet

PS: Gruß nach imst

[boygeorge]

Antwort auf Beitrag Nr.: 40.823.418 von suuperbua am 07.01.11 21:39:55

Hi Bua, habedieEhre

Gruas noch Minga

[ZenoCyprus]

Antwort auf Beitrag Nr.: 40.823.291 von boygeorge am 07.01.11 21:17:42

BullShit!

[ZenoCyprus]

Antwort auf Beitrag Nr.: 40.823.291 von boygeorge am 07.01.11 21:17:42

Es ist hinreichend bekannt, dass ich als Privatinvestor langfristig orientiert bin. Ich habe in meinem umfangreichen, stark diversifizierten Depot einen Anteil an 5 % Seltene Erden Aktien. Die gehören nunmal dazu.

Zu boygeorge und suuperbua: Wenn man mit einem Finger auf einen anderen zeigt, dann zeigt man mit drei Fingern auf sich selbst. Ergo: Abzocker seid ihr.

[Goldbaba]

Diese Aktie scheint interessant zu sein,
vor allem wegen den sehr positiven Zukunftsaussichten.

Vielleicht beruhigt sich der gegenwärtige starke Kursanstieg,
dann ist ein Einstieg sehr bedenkenswert.

[ZenoCyprus]

Antwort auf Beitrag Nr.: 40.824.805 von Goldbaba am 08.01.11 11:20:41

Hallo Goldbaba,
nicht mehr in Schokolade investiert?
Was ist mit den Sklavenarbeitern?
Die gibt´s doch auch in China!
Speziell in den Minen!
Und Kinder von 8 Jahren beim Steine Klopfen!
Steine, die wir in unseren Fußgängerzonen verlegen!
Oder bist doch auch nur ein ganz gewöhnlicher Normalo?!



Nichts für ungut!

[Goldbaba]

Zitat von ZenoCyprus: Hallo Goldbaba,
nicht mehr in Schokolade investiert?

Ja richtig bin bei Halloren ausgestiegen.

Was ist mit den Sklavenarbeitern
Die gibt´s doch auch in China!
Speziell in den Minen!
Und Kinder von 8 Jahren beim Steine Klopfen!
Steine, die wir in unseren Fußgängerzonen verlegen!
Oder bist doch auch nur ein ganz gewöhnlicher Normalo?!

Werden diese auch als entführte, unbezahlte Zwangsarbeiter, ohne ärztliche Versorgung, eingesperrt in Dschungelarbeitslager gehalten, wie bei den Kakaoproduzenten?

Ich denke nicht.
Aber Du weißt immer alles besser.
So what to do?





Nichts für ungut!

[ZenoCyprus]

Saturday, 08 Jan 2011
Goldsearch and China Yunnan Copper Australia boosted by rare earths discovery

It is reported that rare earths are again behind a sharp rise in Australian-listed mining hopefuls.

Goldsearch and China Yunnan Copper Australia have received sharp boosts on a new discovery.

China Yunnan said it had made a significant rare earth discovery at its Mt Dorothy Mary Kathleen joint venture with Goldsearch in northwest Queensland.

Mr Jason Beckton China Yunnan managing director said "The discovery of the heavy rare earth element yttrium at Mount Dorothy is exciting, and the increased element associations we are seeing with heavy rare earth element yttrium suggest a very important target for future drilling after the current wet season."

He said previous work at the Mary Kathleen joint venture had only targeted uranium, so rare earths would have remained undiscovered.

China Yunnan cornerstone investor is Yunnan Copper Industry one of China's largest copper producers, whose major shareholder is Chinalco.

Rare earths have been in the spotlight since China started reducing its exports of the minerals, mostly used in electronic products.

(Sourced from www.theaustralian.com.au)

http://steelguru.com/metals_news/Goldsearch_and_China_Yunnan…

[trademan555]

Antwort auf Beitrag Nr.: 40.829.676 von ZenoCyprus am 09.01.11 22:28:27

Danke für die Threaderöffnung.
Lass dich nicht von Analstöpselträger irritieren, die gibt es überall.
Wird überall gefördert, also gibt es auch Gewinne, die dieses Papier Interessant machen.
Nehme es long ins Portefolio.

LG

[ZenoCyprus]

Hey trademan555,
Natürlich lasse ich mich nicht von kleinen dummen Jungens irritieren.

China Yunnan Copper Australia Ltd has discovered a significant rare earth deposit in northwest Queensland, Australia.

The heavy rare earth element Yttrium was found in the Mt Dorothy region based Mary Kathleen joint venture with Goldsearch Ltd. The mining site was initially being targeted by the mining operators for uranium.

The announcement of the discovery led the shares in the Australian listed China Yunnan Copper company to rise by 68.18 percent to 37 cents. The major shareholder for the company happens to be Chinalco. The shares in the partner company Goldsearch also doubled reaching 6.6 cents.
10.01.2011
http://www.azomining.com/Details.asp?newsID=2417

[ZenoCyprus]

Antwort auf Beitrag Nr.: 40.841.582 von ZenoCyprus am 11.01.11 18:24:52

Sorry, das war doppelt.

[Goldbaba]

Gratuliere Zeno, da sahnst Du endlich mal gut ab,
ohne Dir den Magen zu verderben..

[trademan555]

RADIO INTERVIEW WITH RICHARD HATCHER, EXPLORATION MANAGER, CHINA YUNNAN COPPER AUSTRALIA CONDUCTED ON WEDNESDAY, 12th JANUARY 2011

Q1 Hello, and welcome to Boardroomradio. I'm speaking with Richard Hatcher who's the Exploration Manager of China Yunnan Copper Australia. Richard, thanks for your time and good to have you on the line today.

A1 Oh, thank you, James.

Q2 Now, the Company has put out a great release from your Mary Kathleen JV with Goldsearch. You've got some good Rare Earth Element and also copper results. Before we touch on that, Richard, can you tell me about the target that you were drilling and what were your expectations going into it?

A2 Thanks, James. Well, we initially looked at the Mount Dorothy Project as an iron oxide copper gold deposit, similar in style to Ernest Henry, so we originally started drilling there in July with a small three-hole program and it came up with a good result of 35 metres at 1.5 % copper. So, in this phase 2 round of drilling, we went back to chase up this copper and cobalt zone and we drilled another five diamond holes and have come up with an interesting Heavy Rare Earth Element discovery as well.

Q3 Turning to the release, the results look pretty good. Can you talk me through how you're interpreting the hits and tell me about some of the highlights in there?

A3 Well, at the moment, it's all still early days yet. We've only drilled about eight holes into it, but the hits at the moment seem all to be contained within an iron oxide breccia that seems to be rich in the copper minerals of chalcocite, chalcopyrite and also cobalt minerals. Within this breccia zone as well we are seeing some Yttrium and Heavy Rare Earth Elements grading over 1000 ppm which leads us to believe that we're getting a zonation through these iron breccia structures.

Q4 Can I get you just to expand a little bit more on how the results help your understanding of the mineralisation in the area and, from here, how do you work up the Project or how do you build on these results?

A4 We've concentrated on the main area of Wee Wyeems and we've stepped out 40 metres to the north and we've also been chasing it down dip as well. So, in effect now, we've chased it down to about 100 metres below depth and we've traced it 40 to 50 metres along strike. Now, the mineralised zone all seems to be contained within this breccia, so we've been chasing the structure, which is visual on the surface in a small 10 by 20 metre surface expression, but we've been chasing it under cover to the north and down dip as well. Now, we're seeing cobalt numbers coming in just as we're getting into the sulphide, the chalcocite, the chalcopyrite zone as well, so we're able to use the increase in cobalt to better define when we're getting into copper zones as well. And the Heavy Rare Earth seem to be coincidence with the cobalt copper zones as well but, saying that, it's still early days at the moment.

Q5 Okay. And in terms of the follow-up work program, what is planned?

A5 We've got a rig earmarked at the moment. It's actually planned to start drilling this weekend, and we are looking again to stepping out further, probably another 50 metres, and also chasing it down even deeper. We're looking at the 150 to 200 metre mark as well. But, saying that as well, we still have another kilometre of strike length on the low-grade east/west trending structure and we're targeting other zones of north-west - north - a splay coming off that area as well - some scout holes.

Q6 Okay. Great. Well, it sounds like an active work program on this Project to follow up what were some initial good results. We look forward to seeing what you're able to turn over in the field and wish you the best with your program.

A6 All right. Well, thank you very much, James.

[ZenoCyprus]

Antwort auf Beitrag Nr.: 40.841.695 von Goldbaba am 11.01.11 18:36:50

Wovon redest du?
Von Barry Callebaut?
Die liegen gut im Depot und werden erst verkauft, wenn sie sich verdoppelt haben.

[trademan555]

Das Hochwasser ist wie ein Klotz am Bein.

[ZenoCyprus]

MARY KATHLEEN DRILLING RESULTS - GOLDSEARCH LTD and CHINA YUNNAN COPPER AUSTRALIA LIMITED
By InfoMine - CompanyProperty Mine, January 20th, 2011 at 8:00 am - PERMALINK
China Yunnan Copper Australia announced drilling results on the REE and copper potential for its Elaine REE and Mount Dorothy REE copper and cobalt prospects, which are part of the Mary Kathleen joint venture with Goldsearch located in Northwest Queensland, Australia. Highlights include hole MDR002 which intersected 89 m of 0.73% copper, 190 ppm cobalt and 67 ppm Yttrium from 17.0 m.
auf
http://admin.news.mining.com/2011/01/20/mary-kathleen-drilli…http://www.infomine.com/companies-properties/document.aspx?d…" target="_blank" rel="nofollow ugc noopener">


Und hier der komplette Bericht mit Graphs, maps of locations and activities:

ASX/Media Announcement
20th January 2011
Rare Earth Element (REE) Copper - Drilling Commences – Elaine and Mt Dorothy - Mary Kathleen JV with Goldsearch Ltd.
auf
http://www.infomine.com/companies-properties/document.aspx?d…

[trademan555]

Gestern wurde das fortsetzen der Bohrarbeiten gemeldet. Es war ja wegen dem Hochwasser eingestellt worden.

[ZenoCyprus]

JAN 7, 2011 13:30 - Article Views: 917
Australian Market Report of January 7, 2011: China Yunnan Copper Australia (ASX:CYU) announced significant heavy rare earth element discovery in Queensland

[ZenoCyprus]

China Yunnan Copper adds 100000 tonnes refining capacity
Saturday, 29 Jan 2011

Reuters reported that Yunnan Copper Industry, China third biggest producer by capacity, added 100,000 tonnes of annual refining capacity this week in Guangdong province.

This boosted the total across China to 700,000 tonnes. The facility in Qingyuan city would use blister from the Chambishi smelter in Zambia a joint venture between Yunnan Copper and China Nonferrous Metals Group.

Refined copper production in China, the world top consumer of the metal reached a record 4.8 million tonnes last year and is likely to achieve another record year in 2011 as capacity expands.

Mr Sun Maosong party secretary of the plant, Guangdong Qingyuan Yunnan Copper Nonferrous Metals Company said in May late year that the capacity at the new plant may be expanded to 500,000 tonnes a year in three to five years.

An official at the securities department of the listed firm said Yunnan Copper's listed arm operates the group's 600,000 tonnes of annual refining capacity and around 400,000 tonnes of smelting capacity in Yunnan and Inner Mongolia regions.

The official said the listed firm produced near 290,000 tonnes of refined copper in 2009 and output rose to over 300,000 tonnes last year.

(Sourced from Reuters)

[trademan555]

China Yunnan Copper Australia Limited Acquires 51% Yunnan Copper Sanmu Mining Limited
Wednesday, 2 Feb 2011 07:36pm EST

China Yunnan Copper Australia Limited (CYU) announced that it signs agreement to purchase 51% interest in a Chinese registered Resource Company to explore for and develop existing mineral deposits in Laos and Asia. CYU to invest AUD 2.8 million (in three equal stages over the 12 months following final approvals for the transaction) to acquire a 51% interest in Yunnan Copper Sanmu Mining Limited, a Chinese registered company holding near development copper silver projects in northern Laos within transport distance of existing processing centers in southern Yunnan Province, Peoples Republic of China, subject to regulatory and shareholder approvals. Sanmu Mining Limited holds 100% of four properties in northern Laos, within the Mohan development Zone.

[ZenoCyprus]

A vital new thing in China’s copper exploration

January 24, 2007, China Geological Survey, voiced a vital ultimate thing in China’s copper prospecting, ultimate copper apparatus of 26.78 million tons, China’s copper resources have been approaching to palliate tensions over-reliance upon imports.

China Geological Survey Bureau, pronounced Zhang Hongtao, emissary executive of this ultimate find is located in a Brahmaputra as well as south-west of Sanjiang dual vital metallogenic belt, together with a Qulong, clouded cover Nanpu Lang as well as Yunnan Copper Yangla three. “At present, a 3 copper mines have been eliminated to a follow-up scrutiny as well as exploitation, once put in to operation, is approaching to capacitate China’s copper cave prolongation increasing by scarcely 1 / 3.” It is reported which during a geological survey, located in a Brahmaputra metallogenic leather leather leather leather leather leather belt in Tibet Qulong copper find of copper ore apparatus of 7.9 million tons; Southwest Sanjiang clouded cover Nan Pulang copper ore leather leather leather leather leather leather belt in a amassed volume of showing was 4.37 million tons of copper resources; Yunnan Copper marginal Yangla newly detected porphyry copper ore as well as a intensity for optimism.

Zhang Hongtao, pronounced a primary formulation Qulong copper polished copper prolongation genius about 10 tons / year; Pulang Copper Mine Planning polished copper prolongation genius 150,000 tons / year; Yangla copper polished copper prolongation genius 50,000 tons / year. Experts guess which China’s stream copper cave prolongation genius is about 60 million tons. The geological consult of a Qinghai-Tibet Plateau west, a Kunlun Mountains in southern Xinjiang segment abounding iron ore analysis of entrance to ultimate discoveries, a regressive guess a volume of resources to strech 760 million tons. Zhang Hongtao pronounced which if serve scrutiny as well as find of a vast or really vast abounding iron ore, is approaching to rewrite a long-term coherence abounding iron ore imports of China’s history.

[ZenoCyprus]

Joint Press Release 3rd February 2011


Acquisition of Chinese Copper Silver Resources Company

CYU signs agreement to purchase 51% interest in a Chinese registered Resource Company to explore for and develop existing mineral deposits in Laos and Asia.

Key components of the Joint Venture are:

CYU to invest AUD$2.8 million (in 3 equal stages over the 12 months following final approvals for the transaction) to acquire a 51% percent interest in Yunnan Copper Sanmu Mining Limited, a Chinese registered company holding near development copper silver projects in northern Laos within transport distance of existing processing centres in southern Yunnan Province, Peoples Republic of China, subject to regulatory and shareholder approvals.

An existing resource suite, based on trenching and underground adits will be grown through immediate drilling operated by the experienced YCI team under supervision of the CYU controlled JV committee. Geological mapping, geophysics and geochemical sampling has rendered project areas ready for expansionary drilling campaigns during 2011.

One of the projects Xinzhai has had preliminary economic studies (to Official Chinese Standards but not JORC standard) completed suggesting an SXEW (Solvent eXtraction Electro Winning) operation can be constructed for revenues in the near term. Confirmatory drilling to allow full reporting to JORC standards will be undertaken. This study will be enhanced by growing the existing Chinese certified reserve with planned drilling at depth beyond current underground workings used to control the base of the reserves.

To be factored into future economic studies subsequent to resource growth drilling will be that YCI have a processing facility at Mohan 20 kilometres to the north on the Chinese border as per figures 2 and 3 below.

For more information, please visit
http://202.66.146.82/listco/au/cycal/press/p110203a.pdf.

[trademan555]

ASX/Media Announcement

7th February 2011

CHINA YUNNAN COPPER AUSTRALIA LIMITED (CYU) provides the opportunity to listen to an audio broadcast with Jason Beckton, Managing Director in a presentation titled "Laos Acquisition and Cloncurry Farmout - Building on the Relationship with Yunnan Copper".

To listen copy the following link into your web browser: brr.com.au/event/73718

The presentation details are as follows:

* Laos Acquisition and Cloncurry Farmout - Building on the Relationship with Yunnan Copper
* Friday, 4th February 2011
* A tran of the broadcast is included below

[trademan555]

0,41 AUD

[trademan555]

Kein Handel in Berlin, gibt es keine Shares in der EU?

[Goldbaba]

Spekulation auf strategische Metalle:Fragwürdige Geschäfte mit Seltenen Erden
17.02.2011, 09:50 Uhr

Seltene Erden sind alles andere als selten, trotzdem stürzen sich Anleger auf die Branchen-Zertifikate. Analysten warnen: Der Boom ist bald vorbei.

Doch wie immer, wenn Finanzdienstleister einen neuen Mega-Trend ausrufen, ist Vorsicht angesagt. Schon der Begriff "Seltene Erden" führt in die Irre. Denn so selten wie der Name impliziert, sind die Metalle nicht. "Physisch gibt es mehr als genug", sagt Thomas Gutschlag, Finanzvorstand der Rohstoff AG. Pro Jahr würden weltweit lediglich an die hunderttausend Tonnen verbraucht, dem stünden aber mehrere Hundert Millionen Tonnen Metallvorkommen gegenüber. Den massiven Preisanstieg der letzten Monate hält Gutschlag daher für "überzogen".

http://www.handelsblatt.com/finanzen/zertifikate/nachrichten…

[trademan555]

China Yunnan Copper Australia hits significant rare earths in Goldsearch JV
Thursday, February 24, 2011 by John Phillips
China Yunnan Copper Australia hits significant rare earths in Goldsearch JV

China Yunnan Copper Australia (ASX: CYU) and Goldsearch (ASX: GSE) have hit some significant copper-cobalt and rare earth element-uranium mineralisation at the Elaine Dorothy, Mary Kathleen joint venture in Queensland.

Highlights include:

- 25 metres at 2043 parts per million (ppm) total rare earth oxides (TREO), 0.07 kilograms per tonne U3O8 from 69 metres; and
- 13 metres at 2550ppm TREO, 0.09kg/t U3O8 from 149 metres, including 7 metres at 3300ppm TREO, 0.13kg/t U3O8.

Adding to this success, is a new the discovery of a new zone of copper-cobalt sulphide mineralisation, including:

- 49 metres at 0.44% copper, 283ppm cobalt, from 25 metres, including 24 metres at 0.63% copper and 301ppm cobalt.

The TREO and uranium mineralisation find is perfectly positioned, just 200 metres along strike from the Elaine Dorothy JORC Inferred Resource of; 83,000t at 0.28kg/t U3O8 and 3200ppm TREO, undertaken by Hellman and Schofield Pty Ltd.

China Yunnan said the newly discovered uranium-rare earth mineralisation is dominated by cerium, and is generally fracture related with narrow breccias to 5 centimetres developed, within the garnetite-dipside skarn.

The company added that the mineralisation may be related to the presence of black laths, tentatively identified as allanite and is associated with carbonate-magnetite-tremolite alteration and fracture fill.

This style of mineralisation is thought to be similar to that of the Mary Kathleen deposit.

Infill drilling will kickoff soon in the 200 metre zone between the new discovery and the Elaine Dorothy resource, to explore for the continuation of the uranium - rare earth mineralisation.

Scout drilling is also planned at the Elaine 2 and Elaine 3 prospects.

[trademan555]

Antwort auf Beitrag Nr.: 41.068.285 von Goldbaba am 18.02.11 18:25:42

Derivate sind immer ein Risiko. Bei den, nicht so seltenen "seltenen Erden", geht es halt um eine Ergänzung im Portfolio, denn wenn gebohrt und gefunden wird,gibt es ein Produkt, das verkauft werden kann. Bei solchen Anlagen verliert man nicht über Nacht und kann einen Verlust meistens begrenzen.

Mit anderen Worten: So was hat man eben, wenn man wer sein will.

[ZenoCyprus]

http://www.irasia.com/listco/au/cycal/press/p110322.htm

ASX/Media Announcement

22nd March 2011

Further Drilling Extends Rare Earth - Copper - Cobalt Discovery -
Mount Dorothy, Mary Kathleen JV with Goldsearch Ltd

Broad Yttrium oxide (Y2O3) and Total Rare Earth Oxide (TREO) mineralisation grading

MDD010: 10 metres @ 1,099ppm (1.1kg/t) Y2O3+TREO from 43 metres, 1.6 metres @ 1,475ppm (1.48kg/t) Y2O3+TREO from 131 metres (OPEN)

MDD011: 6 metres @ 1,045ppm (1.05kg/t) Y2O3+TREO from 146 metres associated with 0.17% copper, 196ppm cobalt and 10g/t silver.

Broad copper-cobalt sulphide mineralisation grading

MDD011: 17 metres @ 1.03% copper, 109ppm cobalt from 105 metres within 21 metres @ 0.84% copper, 108ppm cobalt from 104 metres

MDD011: 7.5 metres @ 2.33% copper, 159ppm cobalt from 155.50 metres within 32 metres @ 0.65% copper, 141ppm cobalt from 131 metres

Results see an increase in width and metal content down-dip (MDD011) from previously reported MDD005: 28 metres @ 0.18% copper and 98ppm cobalt from 63 metres and 16 metres @ 1,249ppm (1.24kg/t) Y+HREE (oxide equivalent = 1,864ppm Y2O3+TREO) from 71 metres.

Next step is to target growth on surface, along strike and at depth targeting SAM (sub-audio magnetics) geophysical anomalies continuing to the north under cover.

China Yunnan Copper Australia Limited (renaming: Chinalco Yunnan Copper Resources Limited) (ASX: CYU) and Mary Kathleen Joint Venture partner Goldsearch Limited (ASX: GSE) today announce the results of the recently completed follow up diamond drill program targeting the geometry and continuation of potential copper + cobalt + yttrium + heavy rare earth oxide mineralisation at the Mount Dorothy copper+cobalt prospect, Mary Kathleen Joint Venture, Northwest Properties, Queensland. The Northwest Properties comprise CYU's 100% owned Cloncurry North and Mount Isa projects and the Mary Kathleen Joint Venture area with joint venture partner Goldsearch Limited (ASX: GSE) (Figure 1).


Figure 1. Tenement location plan of Mount Isa Project (CYU 100%) and Goldsearch Limited Joint Venture Project. Mount Dorothy is located approximately 50 kilometres east of Mount Isa.
For more information, please visit http://202.66.146.82/listco/au/cycal/press/p110322.pdf.


--------------------------------------------------------------------------------
Source: China Yunnan Copper Australia Limited

[ZenoCyprus]

TheStreet Wire

China Shen Zhou Mining Stock Soars Higher (SHZ)

By The Street Wire 03/22/11 - 10:45 AM EDT

NEW YORK (TheStreet) -- Shares of China Shen Zhou Mining & Resources (AMEX:SHZ) have taken a tremendous swing upward. The stock is trading at $4.21 as of 10:22 a.m. ET, 21% above Monday's closing price of $3.48. Volume is at 2.2 million, 0.5 times the daily average of 4.4 million.

China Shen Zhou Mining has a market cap of $95.1 million and is part of the basic materials sector and metals & mining industry. Shares are down 58.6% year to date as of the close of trading on Monday.

China Shen Zhou Mining & Resources, Inc., through its subsidiaries, engages in exploring, developing, mining, processing, and distributing fluorite ore, zinc, copper, lead, and other nonferrous metals. The company has a P/E ratio of 7.6, below the average metals & mining industry P/E ratio of 8.7 and below the S&P 500 P/E ratio of 15.8.

The Street Ratings rates China Shen Zhou Mining as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and generally poor debt management. You can view the full China Shen Zhou Mining Ratings Report.
http://www.thestreet.com/

[ZenoCyprus]

China erhöht ab dem 1. April die Steuern für Abbau von Seltene Erden, auf 30 Yuan ($4,5) bzw. 60 Yuan ($9) pro Tonne, je nachdem, ob die Metalle als leicht oder schwer kategorisiert werden. Zuvor waren die Steuern bei 0,5 bzw. 3 Yuan/Tonne. Das Land besitzt ein Drittel der weltweiten Reserven an 17 als seltene Erden bezeichneten Metallen, stellt aber rund 95% des Angebots.

Auf den ersten Blick wirkt diese Steuererhöhung massiv, wenn man sich aber den durchschnittlichen Exportpreis pro Tonne seltene Erden in den ersten beiden Monaten dieses Jahres von 20.000 Dollar/Tonne betrachtet, wirken sie eher marginal. Dennoch wird diese Steuer, deren Erlöse dem Umweltschutz zu Gute kommen sollen, nicht dazu beitragen, einen ohnehin schon angespannten Markt abzukühlen.

Internationale Käufer, besonders Elektronikunternehmen, benötigen seltene Erden dermaßen dringend, dass sie die Hälfte der von den Chinesen eingerichteten Exportquoten für dieses Jahr bereits in den ersten beiden Monaten dieses Jahres aufgekauft haben.

Interessant ist, dass China bei der Besteuerung eine Unterscheidung zwischen leichten und schweren seltenen Erden vornimmt, bei den Exportquoten allerdings nicht. Die Begriffe leicht und schwer beziehen sich auf die Atomzahl und die Anordnung der seltenen Erden im Periodensystem der Elemente.

Die leichten und eigentlich günstigeren seltenen Erden, die vorwiegend in Magneten verwendet werden, habe sich massiv im vergangenen Jahr verteuert. Cerium verteuerte sich im vergangenen Jahr um 1256% und legte in diesem Jahr noch einmal 86% drauf, berichtet Lynas Corp. Die schweren seltenen Erden, die eher in futuristischen Technologien verwendet werden, stiegen weniger stark. Terbium verteuerte sich im Jahr 2010 etwa um 72% und um weitere 35% in diesem Jahr.

In China werden leichte seltene Erden in der mongolischen Region Baotou abgebaut, während die schweren seltenen Erden vorwiegend aus der Region Jiangxi kommen. Die chinesischen Exportquoten, die im vergangenen Jahr bekanntlich verringert wurden, umfassen ausschließlich die Menge und unterscheiden nicht zwischen leichten und schweren seltenen Erden. Die chinesischen Verkäufer wollen am liebsten große Mengen schwere seltene Erden verkaufen, da die Preise und die Gewinnspannen höher sind. Analysten verweisen darauf, dass die leichten seltenen Erden, die von geringerer Qualität sind, häufiger vorkommen und günstiger sind, kaum mehr vorhanden sind, während die eigentlich qualitativ höherwertigen seltenen Erden wie Terbium oder Dysprosium ziemlich gut verfügbar bleiben.

Nun könnte die neue Steuer einen politischen Wechsel in Chinas Exportpolitik von seltenen Erden ankündigen. Analysten in Peking fordern schon seit einer ganzen Weile, dass das zugrunde liegende Nachfrageprofil bei leichten und schweren seltenen Erden auch in den Exportquoten berücksichtigt wird. Die Steuererhöhung zeigt zumindest, dass Peking die seltenen Erden durchaus differenziert betrachtet. Außerdem ist bekannt, dass China strategische Reserven bei seltenen Erden aufbauen möchte, und es ist Yang Wanxi, Direktor des Bezirksausschusses für seltene Erden der mongolischen Region Baotou, der vermutet, dass die Steuereinnahmen verwendet werden könnten, um den Aufbau dieser strategischen Reserven zu finanzieren.

Höhere Reserven an den begehrten Mineralien werden China nur einen noch größeren Einfluss auf die Weltmarktpreise geben. Die staatseigene Baotou Steel Rare-Earth (Group) Hi-Tech Co. baut bereits fleißig Lagerhallen, die laut chinesischen Medien rund 100.000 Tonnen seltene Erden aufnehmen können.

Die Steuererhöhung kann aber auch einfach nur ein politisches Manöver sein, um die Vorwürfe Deutschlands, der USA und Japans zu entkräften, China benutze die Exportquoten als Waffe in einem Handelskrieg um seltene Erden - denn: Die offizielle Begründung für die Steuererhöhung lautet ja: Umweltschutz. Immerhin muss bedacht werden, dass der US-Kongress alle Hebel in Bewegung gesetzt hat, um die Exportquoten vor einen Ausschuss der Welthandelsorganisation zu bringen. Unter WHO-Regeln ist der Umweltschutz ein akzeptabler Grund, Quoten einzuführen, doch nur, wenn die Umweltschutzbemühungen sowohl lokal als auch international durchgeführt werden. Die Steuererhöhung gibt der Regierung in Peking ein Argument in die Hand, dass sie vor der WHO vorweisen könnten, um zu zeigen, dass sie etwas für den Umweltschutz tun. Die Steuer ist zwar klein und wird die Bergwerke nicht belasten, aber sicherlich auf die Endmarktpreise in Japan, Deutschland und USA übergewälzt werden.

Am 16. März verkündete der chinesische Handelsminister Chen Deming, bald die zweiten Exportquoten für dieses Jahr veröffentlichen zu wollen. Im vergangenen Jahr kappte China die Exportquote um 30-40%. In der ersten Exportquotenankündigung für dieses Jahr, die im Dezember bekannt gegeben wurde, sank die Exportquote um weitere 11% auf 14.446 Tonnen. Wir dürfen gespannt sein, was in der zweiten Ankündigung bekannt gegeben wird. Ein Termin für die Ankündigung steht noch nicht fest.

Neues aus China und Asien - im neuen Asien-Monthly von Godmode-Trader.de / BörseGo

[ZenoCyprus]

http://wotnews.com.au/announcement/China_Yunnan_Copper_Austr…

[ZenoCyprus]

5 April 2011


$13M CAPITAL RAISING FOR EXPLORATION & PROJECT DEVELOPMENT

China Yunnan Copper Australia Limited (ASX:CYU) has entered into agreements for a $13.127 million capital raising to develop deposits and fund drilling and exploration programs. The placement of 54,695,775 shares at 24 cents each will raise gross proceeds of approximately $13.127 million.

This placement will complete a capital raising process that included a share purchase plan (SPP) completed in December 2010 when the company raised $1.5 million at 15 cents per share.

The placement will be conducted in two tranches, the first comprising 8.9 million shares to raise $2.1 million (before costs), which will be settled later this week. The second tranche, comprising approximately 45.8 million shares, is conditional upon shareholder approval. The second tranche requires shareholder approval as it is in excess of the maximum number of shares that may be issued by the company under the ASX Listing Rules in any 12 month period without shareholder approval (i.e. 15% of the company's share capital). The placement involves the participation of CYU's major shareholder and also a director of the company. The company intends to convene a meeting of shareholders mid May 2011 to seek the required approvals.

Proceeds from the placement will be used for drill-out programs on the company's copper, cobalt, yttrium and heavy rare earth elements discoveries in Queensland, for exploration drilling in Chile and to fund a recently announced joint venture (with cornerstone investor Yunnan Copper Industries) to develop copper-silver deposits in Laos.

The capital raising is being managed by Paterson Securities Limited.
http://www.irasia.com/listco/au/cycal/press/p110405.htm

[ZenoCyprus]

Wednesday, 06 Apr 2011

China Yunnan Copper Australia Limited entered into agreements for a USD 13.127 million capital rising to develop deposits and fund drilling and exploration programs. The placement of 54,695,775 shares at 24 cents each will raise gross proceeds of approximately USD 13.127 million.

This placement will complete a capital raising process that included a share purchase plan completed in December 2010 when the company raised USD 1.5 million at 15 cents per share.

The placement will be conducted in two tranches, the first comprising 8.9 million shares to raise USD 2.1 million which will be settled later this week. The second tranche comprising approximately 45.8 million shares is conditional upon shareholder approval. The second tranche requires shareholder approval as it is in excess of the maximum number of shares that may be issued by the company under the ASX Listing Rules in any 12 month period without shareholder approval. The placement involves the participation of CYU’s major shareholder and also a director of the company. The company intends to convene a meeting of shareholders mid May 2011 to seek the required approvals.

Proceeds from the placement will be used for drill-out programs on the company’s copper, cobalt, yttrium and heavy rare earth elements discoveries in Queensland, for exploration drilling in Chile and to fund a recently announced joint venture to develop copper and silver deposits in Laos.

[ZenoCyprus]

Chinalco eyes more tie-ups with minerals explorers-Yunnan
Fri Apr 8, 2011 12:25pm EDT

* Chinalco bets on upstream to boost copper pipeline

* Australian Stock Exchange-listed companies alluring

SANTIAGO, April 8 (Reuters) - China's aluminium giant Chinalco is seeking tie-ups with foreign explorers to boost its minerals supply pipeline, said the head of Australian explorer China Yunnan Copper Australia Ltd (CYU.AX).

State-owned Chinalco or the Aluminium Corporation of China is an indirect stakeholder in China Yunnan Copper Australia, which explores for metals in Australia and abroad.

"The Chinese now are putting more funds into the early stage work... rather than buying somebody else's discovery because they have paid top dollar in the past," Jason Beckton, managing director of China Yunnan Copper Australia told Reuters during the CRU copper conference.

"Look for more cornerstone investments from the Chinese, and not necessarily controlling stakes."

A cornerstone is a minority stake in a company of usually around 20 percent.

China is racing to buy commodity assets all the way from Latin America to Africa and Australia to feed its growing hunger for metals, oil and food products.

The ASX-listed explorer is minority-stake owned by Yunnan Copper Industry (Group), which has operations in Yunnan and Mongolia, and is China's third-biggest copper producer by capacity. [ID:nTOE70R05N]

This week Yunnan Copper Australia announced a $13 million capital increase to extend work in its key copper, cobalt and rare earths discovery in the Australian Queensland state, as well as drilling in Chile and a joint venture to develop copper-silver deposits in Laos. [ID:nSDY5CE7WL]

Chinese firm Yunnan Copper Industry (Group), which is controlled by Chinalco, owns a 21.2 percent stake in China Yunnan Copper Australia Ltd.

Beckton said the state and private tie-up was "the start of a process" as Chinalco
vies to compete with the likes of huge diversified miners such as BHP Billiton (BHP.AX) (BLT.L), Vale (VALE5.SA) , Rio Tinto (RIO.L) (RIO.AX), which have well-established global exploration offices.

Chinalco is expanding its business to copper, iron ore, coal, and rare earth, and is developing a copper mining project in Peru.

"Chinese companies generally are not experienced in greenfields exploration, so alliances or investments they have with our company, are going to be replicated with other groups," he said.

"They want to be involved and learn about the exploration process. They have good geologists in China and they're sending them off shore."

Beckton added that Chinalco may be watching for more opportunities on Australia's ASX exchange.

http://www.reuters.com/article/2011/04/08/metals-cesco-china…(Reporting by Melanie Burton; editing by Lisa Shumaker)

[ZenoCyprus]

April 26, 2011, 8:51 p.m. EDT

China Yunnan Copper, Rio Tinto plan JV in Chile

SYDNEY -(MarketWatch)- China Yunnan Copper Australia Ltd. (CYU.AU), or CYU, an Australian-listed affiliate of Aluminum Corp. of China Ltd., or Chinalco, will enter an joint venture with Rio Tinto PLC covering copper exploration in Chile.

CYU's main shareholder is Yunnnan Copper Industry (Group) Co. Ltd., which is in turn majority-owned by Chinalco. Chinalco is also the largest shareholder in Rio Tinto, holding around 9% of its U.K.-listed shares.

CYU said Wednesday it would explore Palmani and Caramasa, two tenements close to BHP Billiton Ltd.'s Cerro Colorado mine with good prospects for porphyry, a copper ore which often contains significant quantities of gold, silver and molybdenum. The company could earn a 40% interest in each project if it spends a minimum of US$18 million over five years on the two projects.

Last December, Rio Tinto and Chinalco announced a joint venture to carry out exploration activities in China, although the companies haven't said which commodities they would be looking for.

The companies' largest joint venture, the Simandou iron ore project in the west African country of Guinea, saw progress last week when Rio Tinto signed a deal with Guinea's government that will allow Guinea to raise its eventual stake in the project to 35%.

Chinalco has agreed to pay US$1.35 billion to Rio Tinto to take a 44.65% stake in the project, which is currently 95% owned by Rio Tinto and 5% by the World Bank's International Finance Corp. That stake would diminish as Guinea's ownership of Simandou rises.

http://www.marketwatch.com/story/china-yunnan-copper-rio-tin…

[ZenoCyprus]

Latest Key Developments

Chinalco Yunnan Copper Resources Ltd Issues New Ordinary Shares
Wednesday, 18 May 2011 08:39pm EDT

Chinalco Yunnan Copper Resources Ltd announced that it has issued 34,172,923 ordinary shares at an issue price of AUD 0.24 per share. The Directors intend to apply the proceeds from the issue to exploration activities on the Company's projects. Full Article - - - - - (repeated)
www.reuters.com

[ZenoCyprus]

CYU Equity in Mary Kathleen Copper JV Increases to 70%
9 June 2011

Chinalco Yunnan Copper Resources Limited (ASX: CYU) advises that it has now earned a 70 per cent equity interest in the Mary Kathleen Joint Venture with Goldsearch Limited (ASX: GSE).

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.



Figure 1. Tenement location plan of the Mary Kathleen Joint Venture Project with Goldsearch Limited. The Mount Dorothy and Elaine prospects are located approximately 50 and 60 kilometres, respectively, east of Mount Isa.

For more information, please visit http://202.66.146.82/listco/au/cycal/press/p110609.pdf.


--------------------------------------------------------------------------------
Source: Chinalco Yunnan Copper Resources Ltd

[ZenoCyprus]

14th July 2011


Drilling Discovers New Wide Copper Cobalt Rare Earth Element
Zone at Elaine in Mary Kathleen JV with Goldsearch Limited.

122.9m @ 0.87 % Cu equivalent*(0.56% Cu, 317ppm Co), MKED007 from 487m depth.
Within 346.9m @ 0.50% Cu equivalent* (0.28 % Cu and 220ppm Co) from 263m depth.
Hole finished in copper sulphide mineralisation at 609.9m.

MKED007 copper and cobalt assays reported. Final Rare Earth Element (REE) results pending with reassaying of higher grade zones underway.

MKED008 copper REE and cobalt results pending.

Chinalco Yunnan Copper Resources (CYU) and Goldsearch Limited (GSE) are pleased to announce significant initial results from a new sulphide zone discovered at the Elaine prospect. Elaine forms part of their Mary Kathleen Joint Venture. GSE has a 30% interest in the Joint Venture and CYU holds 70%.

A total of four diamond drill holes (MKED005 - MKED008) were drilled to further test the area for copper sulphide, rare earths and other elements including thorium. A total of 1,781.60 meters were drilled during this program. Significant results from MKED007 have been returned..................to be continued at:
http://www.irasia.com/listco/au/cycal/press/p110714.htm

[ZenoCyprus]

ASX/Media Announcement

18 July 2011

CHINALCO YUNNAN COPPER RESOURCES LIMITED (CYU) provides the opportunity to listen to an audio broadcast with Jason Beckton, Managing Director in a presentation titled "New Copper Discovery in Queensland".

To listen click on the following link: www.brr.com.au/event/82283

A transcript of the broadcast is included below

RADIO INTERVIEW WITH JASON BECKTON, MANAGING DIRECTOR, CHINALCO YUNNAN COPPER RESOURCES LIMITED, CONDUCTED ON FRIDAY, 15 JULY 2011

Q1 Good morning and welcome to BRR. Jason Beckton is the Managing Director of Chinalco Yunnan Copper and he joins me now. Jason, thanks for your time and good morning.

A1 Thank you, James.

Q2 Now, Jason, the Company has announced a very exciting result from drilling ................http://www.irasia.com/listco/au/cycal/press/p110718.htm

[ZenoCyprus]

gestern, 17:10 EMFIS
Chinalco Yunnan Copper kauft Humito Copper von Xstrata
Melbourne 13.10.2011
Der australische Rohstoffkonzern Chinalco Yunnan Copper erwirbt von Xstrata ein Kupferprojekt in Chile.

Wie das Bergbauunternehmen von Down Under mitteilte, habe es mit Xstrata den Erwerb des Vorkommens Humito im Norden Chiles vereinbart. Hierzu sei ein Abkommen über fünf Jahre geschlossen worden, wonach Chinalco Yunnan bestimmte Investitionen machen müsse und vorabgesprochene Bohrungen durchführen dürfe. Nach Ablauf dieses Zeitraumes soll Chinalco 100 % des Projektes erwerben und danach an Xstrata eine jährliche förderungsabhängige Gebühr zahlen. Der Kaufpreis und weitere Details wurden nicht mitgeteilt.

http://www.onvista.de/news/unternehmensberichte/artikel/13.1…

[ZenoCyprus]

Goldsearch: copper, gold intercepts extend over 109m
at Mary Kathleen in Mt Isa
Thursday, October 20, 2011 by Proactive Investors

Goldsearch (ASX: GSE) and joint venture partner Chinalco Yunnan Copper Resources (ASX: CYU) have returned assays of up to 2.13% copper equivalent and 1.98 grams per tonne (g/t) gold over 109 metres at the Mary Kathleen Joint Venture Project in Mt Isa.

The diamond drilling program at the Elaine prospect is testing a zone replacement style sulfide mineralisation, the results of which will be used to calculate an Inferred Resource in early 2012.

To date, four of 15 holes have been completed, totalling 2,471.85 metres and testing 150 metres of the strike and open depth.

The joint venture has confirmed an intercept of 109 metres at 2.13% copper equivalent, 1.98g/t gold, 0.5% copper and 482 parts per million cobalt, which includes an internal zone of high grade gold and uranium centred within broad and consistent copper, cobalt, molybdenum, cerium mineralisation.

This intercept includes assays of 26 metres at 7.76 grams per tonne (g/t) gold, 0.17% copper, 488 parts per million cobalt, 843 parts per million molybdenum, 288 parts per million cerium and 2,861 parts per million uranium, including one metre at 50,000 parts per million uranium and 2,253 heavy rare earth elements and yttrium, from 508 metres.

Recent surface mapping has enhanced targeting of the interpreted Mary Kathleen shear and associated altered amphibolite units.

Chinalco has a 70% interest in the joint venture and Goldsearch has the remaining 30%.

Register here to be notified of future Goldsearch articles.

http://www.proactiveinvestors.com.au/companies/news/20980/go…

[ZenoCyprus]

http://www.reuters.com/finance/stocks/CYU.AX/key-development…

[ZenoCyprus]

Chinalco Yunnan Inks Deal On Australian Copper Project
Published February 06, 2012
Dow Jones Newswires


MELBOURNE – Chinalco Yunnan Copper Resources Ltd. (CYU.AU), the international investment arm of China's Yunnan Copper Industry, said Tuesday that it has struck a deal to earn a controlling stake in Xstrata PLC's (XTA.LN) Mount Frosty copper project in northeastern Australia by spending A$4.5 million (US$4.8 million) on exploration over the next six years.

Chinalco Yunnan said in a statement that it can earn an initial 51% interest in the project by spending A$1.5 million within three years and drilling 1,500 meters a year, and can gain a further 24% after that. Xstrata has retained the right to buy back 26% of the project by paying three times the expenditure contributed by Chinalco Yunnan, which would give it a 49% stake and Chinalco Yunnan 51%.

Mount Frosty is located about 60 kilometers east of Mount Isa in Queensland state, near Chinalco Yunnan's Mount Isa project and the Mary Kathleen joint venture project it shares 70-30 with Goldsearch Ltd. (GSE.AU).

Chinalco Yunnan, which is 21%-owned by Aluminum Corp. of China's Yunnan Copper unit, in October agreed to buy Xstrata's early stage Humito copper exploration project in northern Chile. Under the terms of that deal, Chinalco Yunnan committed to minimum spending and drilling each year for five years, while Xstrata's copper subsidiary will retain a 3% net smelter royalty

http://www.foxbusiness.com/news/2012/02/06/chinalco-yunnan-i…

[ZenoCyprus]

http://www.4-traders.com/CHINALCO-YUNNAN-COPPER-RE-5335072/n…

03/26/2012 | 10:08pm

ASX/Media Announcement 27th March 2012

CHILE UPDATE COPPER PORPHYRY DRILLING RESULTS
Chinalco Yunnan Copper Resources Limited (CYU:ASX) is pleased to provide an update on drilling on the Candelabro Joint Venture in northern Chile and on progress with the two other Rio Tinto joint venture properties in Chile.

• First hole CAND0005 completed in the 2000m diamond drilling program underway at Candelabro Project.

• First 300m of the hole has been assayed with encouraging texture albeit non-economic assays suggesting an intrusive system centre. CAND0005 has (in this 300m) intercepted visual copper sulphide.

• Recent core results suggest a vector to the intrusive and alteration centre positioned an additional 250 metres to the east which will be investigated by a subsequent drill hole after a new pad is permitted and excavated.

• All prospects are large tonnage concepts with known mineralisation occurring at each location as defined by JV partner Rio Tinto

Copper is targeted at the Rio Tinto joint ventures in Chile at the Candelabro, Caramasa and Palmani porphyry properties. Surface mapping, sampling and geophysical surveys indicate these targets are highly prospective. Track and pad construction has been completed at Caramasa, which will be drilled after Candelabro from April. Road permitting has now been completed for Palmani.
Copper Mineralisation from CAND0005 and Energold drillrig set up.

Figure 1. Candelabro section indicated porphyry intercepted from 300 metres. Assays of low grade tenor have been received for the first 300m and the remainder of the hole (187m) is being assayed with an expected three week results turn around.2

Figure 2. Drilling is designed to test known mineralised leach caps with porphyry style copper stockwork veins mapped by Rio Tinto and confirmed by CYU.

Figure 3. CYU is undertaking this program with due attention to Health, Safety, Environment and Community (HSEC) issues including employing local Sipiza and Chuzmisa people and resources. CYU now has a fulltime field based HSEC officer and is in compliance with all Chilean government regulations as are all of the associated project contractors.
CYU now has six drill rigs generating results with two rigs located at each of Elaine, Laos and Candelabro, Chile.

About Chinalco Yunnan Copper Resources

Chinalco Yunnan Copper Resources Limited (CYU) explores and develops minerals in Australia, Chile and Laos. CYU is supported by cornerstone shareholder Yunnan Copper Industry (Group) Co Ltd (YCI); China's third largest copper producer. CYU acts as YCI's international investment arm and mining house.

Australia

CYU is currently drilling the Elaine copper-cobalt-gold-LREE discovery within the Mary Kathleen JV tenements near Mount Isa. CYU has earned 70% from the Mary Kathleen project working with joint venture partner Goldsearch Limited. A second rig has commenced drilling to extend the open strike length of this new discovery.

Laos

Following results from the 2011 regional geochemical and geophysical surveys Sanmu Mining (CYU is earning 51% equity) is currently undertaking the first phase of drilling at the Jiuzhai project and the Xinzhai project in Northern Laos. The first hole at Jiuzhai project commenced in Dec 2011 and finished at a total depth of 240.74m. The second hole commenced in mid Feb 2012 and is expected to be completed by end of March. The drilling at Xinzhai project commenced in early Feb 2012 and finished at the depth of 376m. Several mineralized zones have been visually identified from this hole by a CYU senior geologist reviewing the drill program for CYU. All the core samples taken have been sent to the Yunnan Nonferrous Metals Geology and Test Centre, Kunming, China. Assays results are pending.

Competent Person's Statement

The information regarding the Exploration Activities on the Candelabro Prospect is based on information compiled by Mr Jason Beckton, who is a Member of the Australian Institute of Geologists and is the Managing Director of Chinalco Yunnan Copper Resources Ltd. Mr Beckton has sufficient experience relevant to the style of mineralisation and type of deposit
under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results and Mineral Resources". Mr Beckton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Enquiries:
Mr Jason Beckton Rudi Michelson
Managing Director CYU Monsoon Communications
0438 888 612 03 9620 3333
www.cycal.com.au