Company Information for Apex Minerals NL

ASX-AXM

www.apexminerals.com

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ASX; AXM

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Company Statement

Apex Minerals NL listed on the Australian Securities Exchange in June 2002 under the Code AXM. Key management changes and a change in strategic direction implemented during 2006 have since seen Apex emerge as one of Australia's fastest growing new resource companies.

At the core of the Company's success is its experienced Board and Management Team, most of whom have worked together previously and have an outstanding industry track record. This multi-talented team, together with the Company's bold vision, technical innovation and access to worldwide capital markets through its strategic Australian and international shareholder base, strongly position Apex to achieve strong growth and maximise returns to shareholders.

Based on its strategy to consolidate the ownership of numerous currently undeveloped high-grade refractory gold deposits in Western Australia's Eastern Goldfields and develop a number of central processing facilities, Apex expects to commence gold production at the rate of around 200,000 ounces per annum by the end of 2008 /mid-2009, building to around 350,000 ounces by 2010. In addition, Apex continues to assess additional opportunities which would be considered to complement this strategy.

Current Operations

Gold Overview
Eastern Goldfields Refractory Gold Consolidation Strategy
Following systematic analysis of available opportunities, the Apex team identified numerous refractory gold deposits in Western Australia's Eastern Goldfields region which have remained undeveloped because, under their current fragmented ownership, each lacked the critical mass to justify a stand-alone operation.

Apex has successfully negotiated to acquire 100% ownership of a number of these projects, giving the Company total landholdings in the Eastern Goldfields of over 3,800 square kilometres and a gold resource inventory of approximately 2.5 million ounces. In addition, the Company has acquired processing plants (both conventional and bacterial oxidation), camp facilities and other valuable infrastructure.

The acquisitions include:
- The Wiluna Gold Project
(completion to occur during August 2007)
- The Gidgee Gold Project
- The Youanmi Gold Project
- The Aphrodite Gold Deposit.

The Wiluna Project, which includes a 1 million tonne per annum processing plant and BIOX ® bacterial oxidation plant, will become Apex's first central gold processing facility with feed consisting of approximately 50% high grade underground ore from Wiluna, with the balance made up by additional high grade material trucked from the Wilsons Deposit at Gidgee and from Youanmi, approximately 120 kilometres and 320 kilometres away respectively.

The Wiluna operation will be placed on care and maintenance at the end of July 2007 in such a manner that it can be restarted rapidly and at minimal cost giving Apex complete flexibility with to timing. However, current plans envisage it will remain on care and maintenance while additional resource and reserve extension drilling is undertaken at Wiluna, Wilsons and Youanmi.

Subject to relevant feasibility studies, Apex plans to commence gold production within approximately 18 – 24 months at the initial rate of around 200,000 ounces per annum, increasing to approximately 350,000 ounces per annum within three years, which contemplates production from the Aphrodite deposit.

Lawlers Nickel JV
Apex has entered into a joint venture with mining contractor Carey Mining (the ACJV), and the ACJV has reached agreement with Barrick Gold Corporation to earn a 70% interest in the nickel rights on approximately 120 square kilometres of Barrick’s tenements in the Lawlers district of the Northeastern Goldfields of Western Australia.

The Barrick tenements are part of Barrick’s Lawlers Gold Operations, and contain over 40 strike kilometres of relatively unexplored nickel sulphide prospective ultramafic rocks in the heart of a World Class nickel province, where it is surrounded by Jubilee Mines’ Cosmos, Prospero and Sinclair nickel deposits, BHPB’s Perseverance and Rockys Reward nickel mines, and LionOre’s Waterloo nickel mine.

Importantly, no effective nickel sulphide exploration has been undertaken on these tenements since Selection Trust explored the area thirty years ago. Since that time, nickel sulphide exploration has been very limited, with most exploration focussing on nickel laterite and gold.

A 1300 sample soil geochemical survey was undertaken during the March 2007 Quarter over three target zones. These areas were selected on the basis of favourable geology and favourable element ratios in previous, less systematic surveys. Platinum group element (PGE) data obtained from this survey will augment the data collected by previous explorers. The outcomes of this survey will assist in the selection of areas for electromagnetic (EM) geophysical surveys to be conducted in the second quarter. The areas sampled include the Four Corners, Hollywood and Catoe targets.

Jillawarra JV, Meekatharra
The Jillawarra JV, located 200 kilometres north of Meekatharra in Western Australia, is managed by ASX-listed Abra Mining Limited, which can earn a 51% interest by the expenditure of $500,000 by April 2008, and a 70% interest by the expenditure of an additional $850,000 by April 2010. The project is situated in the Bangemal Basin along strike from Abra’s namesake lead-zinc deposit, which is estimated to contain 50Mt @ 5.5% lead.

Assay results received from a five-hole, 792 metre reverse circulation ("RC") drilling program undertaken at the Copper Chert prospect during December 2006 confirmed the presence of copper mineralization over a 2km strike length, with intersections including 14m @ 1.1% Cu and 35m @ 0.28% Cu to the end of hole. The drilling program was designed to target the Abra host stratigraphy in an area with a strong copper-lead geochemical anomaly and an unexplained gravity anomaly. The drilling has not yet identified the source of the gravity anomaly (which could be related to a sulphide or iron oxide accumulation), and an Induced Polarisation (IP) geophysical survey has commenced to identify any buried disseminated sulphides in the vicinity of this gravity anomaly and bedrock anomalism.

Geographical Spread

China and Australia

Board of Directors and Key Management

Kim Robinson - Chairman

Mark Ashley - Managing Director & CEO

Mark Bennett - Exploration Director

Glenn Jardine - Director Operations

Stephen Lowe - Non-Executive Director

Graham Anderson - Company Secretary

Company Address

Ground Floor
31 Ventnor Avenue
West Perth, Australia 6005


Telephone:	08 6311 5555
Facsimile:	08 6311 5556
Email:	admin[at]apexminerals.com.au
Website:	http://www.apexminerals.com

Additional Address/Key Contact

Postal Address:
PO Box 682
West Perth WA 6872

Annual General Meeting

November

Year End

June 30

Most Recent Statement

07/07/08 - Open Briefing®. Apex. MD on Imminent Gold Production
27/06/08 - DRILLING EXTENDS MINERALISATION BEYOND CURRENT RESOURCE AT WILUNA AND WILSONS
23/06/08 - APEX COMMITS TO PROJECT DEVELOPMENT AT WILUNA AND WILSONS
06/06/08 - APEX DOUBLES NICKEL GROUND IN SECOND JV WITH BARRICK AT LAWLERS
28/05/08 - DRILLING CONTINUES TO IMPROVE & EXTEND WILUNA & WILSONS RESOURCES
30/04/08 - Quarterly Report

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