Copper producer a step closer to production

Thanks to robust pre-feasibility study results, Canadian copper mining company Western Keltic Mines is on track toward a full feasibility study with applications for environmental permits well underway. Full commercial production is anticipated in 2010.

The company's wholly owned Kutcho Project is expected to go into production in 2010 and generate about $950 million in net revenue over its lifespan. Western Keltic Mines is traded under the symbol "WKM" on the TSX Venture Exchange.

Located in northwestern British Columbia, the Kutcho project will produce over 2 million tons of metals and minerals per year.

In its first five years, the mine is predicted to yield an average of 76 million lbs of copper and 94 million lbs of zinc every year, making it one of Canada's most significant high-grade deposits.

Kutcho's well-defined resource, combined with the province's political stability and low operating costs, have attracted the interest of investors, smelters, and potential partners around the world.

"In terms of partnerships and financing, we are currently in open discussion with several parties. Our goal is to ensure the project moves forward to maximize shareholder value," said President and CEO John McConnell, who has more than 30 years of experience in permitting, developing and operating mines.

Due to its high quality of copper and zinc concentrates, Western Keltic has already attracted the attention of Chinese smelters. Keen to work with the Chinese, it has hired Beijing-based consultants The Balloch Group to assist in its "China Strategy".

In line with those objectives, McConnell will attend China Mining 2007 for the second year running.

"My first trip to Beijing was really an eye opener for me. For those who are skeptical about mineral and commodity prices, go and have a look at Beijing and think again," he said.

www.westernkeltic.com

(China Daily 11/13/2007 page26)