Company Profile

Finders Resources Limited (ASX Code: FND) was incorporated on 30 March 2004.  It listed on the Australian Securities Exchange on 8 June 2007.

The Company is an Indonesia-focused operator with its two key projects being the Wetar Copper Project (72% interest)

Corporate Objectives

Finders’ corporate objectives include:

  • Brownsfields development of the Wetar Copper Project to 28,000 tpa copper cathode
  • An aggressive exploration program to extend mine life at Wetar
  • Developing synergies based on leaching know how and potential by-products from Wetar
  • Identifying new undervalued assets for acquisition

Wetar Copper Project

The Wetar Copper Project has several stand-out characteristics including:

  • Operating 25,000 tpa Copper Cathode SX-EW Plant
  • Operating 3,000 tpa Copper Cathode SX-EW Plant
  • JORC compliant mining reserves with ~216,000t of contained copper metal
  • A 7 year mine life at high grade ~2.4% Cu and low strip ratio of less than 1.0
  • Proven heap leaching process with a working industry-standard SX-EW plant
  • LME Grade A copper cathode product sold at a premium to LME
  • Forecast cash costs of US$1.05/lb life of mine
  • Local community is knowledgeable about mining and is strongly supportive of the project

Board and Management Team

Finders is led by a Board and management team with strong technical and commercial skills and significant experience in the international resources industry with a track record of exploration, financing and development success.