Project overview

KALUMINES
(TEAL – 60%)		  
Level of resource Tonnes
(m)		 Grade
(%TCu)		 Metal
(Mlb)
Lupoto      
Historic inferred 6.7 3.13 462
Kasonta      
Historic inferred 1.5 5.18 171
Niamumenda      
Historic inferred 0.55 3.92 48
Karavia      
Historic inferred 0.04 5.38 5
       
Copper-Cobalt project
  
Four near surface areas of copper mineralization in the DRC: Lupoto, Kasonta, Niamumenda and Karavia. TEAL has an existing mining licence over the Kalumines property that covers a surface area of 77km2. Surface mining has started on the Lupoto prospect with planned production levels achieved during September 2007. Mined material is sent to the TEAL Metals electric-arc furnace.  
KONKOLA NORTH
(TEAL – CURRENTLY 100%)		  
Level of resource Tonnes
(m)		 Grade
(%TCu)		 Metal
(Mlb)
South and East limbs      
Measured and indicated 24.8 2.36 1,290
Inferred 47.7 1.98 2,082
Area 'A'      
Historic inferred 107.2 2.30 5,434
Area 'Extension'      
Historic inferred 63.2 3.88 5,405
       
Copper project
  
A large undeveloped copper resource located within the greater Konkola area of the Zambian Copperbelt. The property consists of a single large-scale mining licence area and includes a 423-metre deep, vertical and concrete lined shaft that had an historical hoisting capacity of 1,600,000 tonnes a year.  
MWAMBASHI
(TEAL – 70%)		  
Level of resource Tonnes
(m)		 Grade
(%TCu)		 Metal
(Mlb)
Measured and indicated 9.2 2.02 410
Inferred 1.77 2.10 81.9
       
Copper project
  
The technical aspects of the feasibility study for the Mwambashi Copper Project in Zambia have been completed and project development remains subject to a favourable off-take arrangement. TEAL has an existing mining licence over the Mwambashi area.  
OTJIKOTO GOLD PROJECT
(TEAL – 100%)		  
Level of resource Tonnes
(m)		 Grade
(g/t)		 Metal
(Moz)
Inferred 43.9 1.25 1.76
       
Gold project and Otavi exploration area
  
Otjikoto is situated within the Otavi Exploration Area, which totals 3,800km2 in north-central Namibia. TEAL is currently conducting an exploration program over a portion of the property to expand and upgrade the current resource base through further drilling, and a pre-feasibility study assessment of the deposit is also underway.