Alderan Resources Limited

Mining

A copper, gold and zinc focused exploration company with a portfolio of projects in Utah, USA. 1. Frisco copper-zinc system: Contains several historical mines including the Cactus copper-gold-silver deposit and Horn silver mine. The company has executed a Earn-in and JV agreement with Kennecott Exploration, a member of the Rio Tinto Group. The agreement allows Kennecott to spend up to US$30m to earn a staged 70% interest in the project and right to form a joint venture post earn-in. 2. White Mountain gold project: Located on an outcropping epithermal system. The company’s geologists are preparing a structural map of the area and geophysics program to define future drill targets. 3. Accrington copper-gold project: Contains the historical Accrington East and Imperial Mine. Results from recent drilling include 54m @ 1.4% copper, 0.45% zinc and 100m