Tschudi Copper Project - Weatherly International PLC

WEATHERLY INTERNATIONAL PLC
Tschudi Copper Project
An Open Pit, Heap Leach, Solvent Extraction, Electrowinning Copper Project in Namibia
The Key Data
Resources 50.1mt @ 0.86 Cu (0.3% cut off) (JORC)
Open Pit reserve 22.7mt @ 0.95 Cu (0.3% cut off) (JORC)
Mine Life 11 years
Recovered Copper 183,300t
Copper Recovery 85%
Plant Design Capacity 17,000 tpa copper cathode
Acid Consumption < 12 kg / tonne ore (ave. LOM)
Mining Strip Ratio 7.45 : 1 (ave. LOM)
Other Information
• The project is located on a granted mining license (ML125)
• The project has an existing environmental clearance certificate
• Easy access to site by rail and road for delivering equipment
and supplies
• An array of light industrial services are available in Tsumeb
only 25kms away
• Tsumeb smelter is constructing an acid plant which is due for
commissioning at a similar time to Tschudi
• Sufficient process water is available through local aquifers
• Flat surface terrain makes the construction of site
infrastructure easier
• Grid power available on site
Potential Upside
• The planned mine sits on only a small section of the
Tschudi syncline
• The ore body is open along strike and at depth
• Further exploration is planned in 2013
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Proposed Mining & Processing Operations
Geology
The Tschudi ore body is a mix of oxide, transitional and sulphide
minerals hosted in sandstone. The predominant copper bearing
minerals are malachite, azurite, chalcocite and bornite. Each of
these minerals is amenable to acid leaching.
Mining & Processing
Tschudi will be an open pit mine operated by a contract miner.
Mining and processing will operate on a 24hr per day, 365 days
per year.
Processing of the ore consists of crushing, agglomeration, stacking,
heap leaching, solvent extraction and electrowinning to produce
copper cathode.
Crushing
Ore from the Tschudi pit will be put through a three stage closed
circuit crushing plant which will reduce the oxide ore to P80

99.99% pure pur pure
high grade gr grade
copper cathode hode
ELECTROWINNING (EW) ) )
Tshudi project and the town
of Tsumeb
spent spent spent
electr electrolyte olyte
yte
Recovery R Recovery ery of C Copper opper by b y Heap leach, leac h, SX-EW
copper copper loaded
loaded
organic org ganic
leach h pad
SOLVENT EXTRACTION E (SX) X)
STRIP STAGE ST TTA
AGE
EXTRACT
STAGE STTA
A GE
mixer
feed edd
strong ong copper electrolyte electr electrolyyte
acid drippers dripper ipper s
HEAP LEACHING
str stripped ipped or organic ganic
copper rich solution
Tshudi site plan

Namibia the Country
Background
Namibia has a stable multi-party democracy with a history of free
elections since independence. The Namibian constitution and its
political leaders promote and encourage inward foreign investment.
The country has a well established mining act, a good and fair legal
system and a friendly tax regime. Mining is the biggest contributor
to Namibia's economy in terms of revenue and is a valued industry
by the Namibian government and people. The Fraser Institute
Survey 2011/12 placed Namibia 6th amongst African nations when
ranking jurisdictions on the attractiveness of their mining policies.
Weatherly International has been operating in Namibia since 2006
and has good relationships within the Namibian government, its
agencies and other stake holders in Namibia.
The Tschudi Project will offer many benefits to Namibia and
Namibians, namely the:
• Creation of more than 500 jobs directly in the
Tschudi operations
• Creation of thousands of jobs indirectly.
• Revenue generation for the Republic of Namibia through
taxation and royalties
• Value addition to pure refined final-product copper for
the first time in the country
• Transfer of important skills to Namibians
• Equity participation for Namibian partners including
Republic of Namibia, Government Insurance Pension Fund
and Labour Investment Holdings
Weatherly International plc – Board of Directors
John Bryant non-executive chairman
Rod Webster chief executive officer
Alan Stephens non-executive director
Wolf Martinick non-executive director
Max Herbert company secretary
Weatherly Mining Namibia – Board of Directors
Rod Webster chair man (London)
Kevin Ellis chief financial officer (London)
Craig Thomas managing director (Namibia)
Andrew Thomson technical director (Namibia)
Cleophas Mutjavikua non-executive director
Titus Haimbili non-executive director
Frans Ndoroma non-executive director
Corporate Information
Weatherly International plc is a public limited company quoted
on the London Stock Exchange (AIM) under the ticker WTI.
The total number of shares in issue is 536 million.
Weatherly International PLC 180 Piccadilly, London W1J 9HF
+44 (0)207 917 2989 F +44 (0)207 439 0262 info@weatherlyplc.com
Management Team
Weatherly has a highly capable and experienced team of Directors and
senior operational management.
Rod Webster
Chief Executive Officer
Craig Thomas
Chief Operating Officer
Mr Webster is a graduate mining engineer
from the University of Sydney. He has over
35 years experience in the resources industry,
including more than 15 years in managing
director or chief executive positions.
Mr Thomas is an Australian mining engineer
with over 20 years of diverse operational
experience. He was previously General
Manager of Lihir Gold’s Ballarat mine, and
has also played key leadership roles in the
development and production start-up
of open pit and underground mines in
several countries.
London Office: 180 Piccadilly, London W1J 9HF
Namibian Office: P.O. Box 40791, Ausspannplatz,
Windhoek, Namibia
Nomad: Collins Stewart, 88 Wood Street,
London EC2V 7QR
Registrars: Capita Registrars, The Registry,
34 Beckenham Road, Beckenham, Kent BR3 4TU
Investor Relations: Dean Friday
+44 (0)20 7917 2989
dean.friday@weatherlyplc.com
www.weatherlyplc.com