Activities Report for the quarter ended 30 June 2015

Long term finance package secured: credit approved $137.5 million term facility agreed with Taurus Mining Finance Fund
Record copper cathode production in Q2 2015: Kipoi quarterly production of 6,732 tonnes of copper cathode with 6,972 tonnes sold at realised copper price of $6,154/t. All copper sales fixed with no price exposure as at 30 June 2015
Cash operating costs down 5% from Q1 2015: a cash operating cost of $1.48/lb and an allin sustaining cash cost of $1.64/lb