🕐04.06.10 - 03:04 Uhr

Excalibur Mining [ASX: EXM] - Updated resource at Tennant Creek Gold Projects



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Excalibur Mining [ASX: EXM] - Updated resource at Tennant Creek Gold Projects

Excalibur Mining Corporation (ASX: EXM) today announced an updated Resource Statement for three of its projects in the Northern Territory�s Tennant Creek.

Juno, Nobles Nob and Rising Sun are three of several gold targets being progressed as part of Excalibur�s plans to build a foundation resource base.

Key points:

* Independent Resource Review on three assets completed
* Significant downgrade in EXM resource base
* Juno Resource 185,300 oz Au
* Nobles Nob and Rising Sun 17,000 oz Au combined
* New Resource for other assets pending
* Exploration Review underway to grow resource base

Excalibur appointed Cube Consulting to undertake a comprehensive independent resource review of its Tennant Creek projects.

The Juno, Nobles Nob and Rising Sun projects are the first of the planned resource assessments to be completed.

In March of this year, part way through the review, Excalibur announced that there would be a substantial reduction in the previous resource position for Juno.

Excalibur is now in a position to provide revised estimates for Juno, Nobles Nob and Rising Sun.

Please refer to the attached announcement for a table of gold resources and more details.

For further information, please contact:

Tim Lagdon
Managing Director
Ph: +61 8 9322 8000

Media enquiries:
Fortbridge: +61 2 9331 0655
Bill Kemmery 0400 122 449

Luke Dean 0414 535 433



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