Company Information for Finders Resources Ltd

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Company Statement

Finders is an emerging copper producer targeting 20-25000 tpa copper production from its Wetar Copper Project (FND ~85%) in Indonesia, and also controls an advanced gold-silver project at Ojolali (FND 72%) in Indonesia.

At Wetar Copper, as part of the project feasibility study, Finders is constructing a semi-commercial scale demonstration plant, including a 100,000 tonne test heap and 5t/d SXEW facility. Due for commissioning in January 2009 this plant will ramp up to 150t of cathode copper /month, and produce significant cash flows from Q1 2009 onwards.
The Ojolali leases cover ~50 km2 containing widespread near surface epithermal gold-silver mineralization. Work at Ojolali is focussed at establishing a 200,000 ounce oxide gold resource to justify a 50,000 oz/year start-up gold mining operation to fund ongoing exploration and growth of the area.

Finders has a highly accomplished management team, extensive Indonesian operating experience, and quality mining projects to drive rapid growth.

Current Operations

The Wetar Copper Project was acquired by Finders, in cooperation with its Indonesian partner, PT Batutua Kharisma Permai (“BKP”), by means of an Exploration KP licence granted in December 2004.

Finders currently holds a 72.4% interest in the project, held through an Australian incorporated company, Banda Minerals Pty Ltd (“Banda”). Finders is earning increasing equity through sole funding work on the project.

The Wetar deposits were discovered by CSR Ltd during a regional exploration program in 1986. The holding company for the then Contract of Work was sold to Billiton Indonesia BV (“BMI”) in 1988. BMI carried out extensive drilling comprising 513 holes for 10,500 meters to define gold-silver mineralisation at two main deposits;

Kali Kuning, located around 3km from the coast at elevations of around 150m, and Lerokis, located around 6km from the coast at around 500m above sea level.

BMI discovered copper mineralization immediately underlying the gold ore in both deposits and a smaller satellite deposit was also discovered at Meron, around 2km east of Kali Kuning.

Gold-silver-barite ores were mined by BMI from shallow open pits at Lerokis and Kali Kuning over the period 1990-1997.

Based on the previous drilling data and 73 new diamond drilled holes by Finders, Kali Kuning and Lerokis have independently estimated Measured, Indicated and Inferred Mineral Resources of 9.8 million tonnes, grading 2.5% Cu and 0.7 g/t Au, using a 0.5% Cu cut-off grade.

The deposits are mineable by low strip ratio open pits and benefit from having a coastal location. Additional copper and gold mineralisation exists at Meron, and rights to three additional exploration Tenements were acquired by Finders in October 2006, covering known occurrences of similar style copper-gold mineralization on the south coast of Wetar Island.

Highlights

Commercial scale demonstration plant with 100,000t test heap under construction
5tpd Cu SXEW plant start-up early January 2009
Targeting 80% ultimate Cu recovery, through bacterial heap leaching
Strong exploration upside
Permitting process on track
Robust, high grade Resource Base (JORC)
Open pit mining, low strip ratio, coastal location
Feasibility study - Heap leach SXEW operation to produce 20-25kt cathode/year

Fast Track Schedule - Target Time Lines

Q3 2008 test heap commence irrigating
Cathode copper production from January 2009
Cash flow from Demo plant from February 2009, up to 150t Cu cathode / month
Complete feasibility study for full scale 25,000tpa plant April 2009
Target initial production April 2010

Ojolali Gold-Silver Project
The Ojolali Priject is approximately 6km from the town of Bara Datu, in the Kabipaten of Way Kanan. Bara Datu os serviced by the Sumatra power grid and is a four hour drive along the Trans Sumatra Highway from the nearest airport at Banda Lampung.

Ojolali is located within the highly productive Sunda Arc gold belt which hosts a number of significant gold deposits owned by other parties, including Gunung Pongkor (6Mt @ 17g/t Au, 162 g/t Ag) and the Lebong district. In the later district, epithermal gold deposits have produced approximately 3 million oz Au at Lebong Tandai and Lebong Donok. Sixty Kilometers south of Ojolali, feasibility studies have been completed at Way Linggo which has proven and probable reserves of 408,472t at 9.1 g/t Au and 145G/t Ag.

Finders acquired its initial interest in the project area in April 2005, under a Cooperation Agreement with PT Batutua Kharisma Permai (“BKP”) and Great Northern Resources Ltd, through the grant of exploration KPs covering 3450 Ha to BKP. In March 2006, Finders increased its interest in the project to 71.7%, with potential to increase its equity to 100% if the partners elect not to fund their share of development after completion of a positive feasibility study.

In February 2007, the old KPs were restructured in the name of a project specific company, PT Batutua Way Kanan Minerals (“BWKM”) and an additional KP granted, covering extensions to the mineralized system, bringing the total area controlled by the project to ~5,900 Ha.

Previous exploration on the property was mainly carried out by Antares Mining and Exploration Corporation (“Antares”) which completed 22,000 m of shallow diamond drilling, in 212 holes, between 1997 and 1999, targeting two main prospect areas, the Jambi gold prospect and the Tambang Silver-gold prospect.

Since acquiring the project, Finders has carried out an intensive exploration program, comprising diamond drilling to confirm the resource base at the Jambi and Tambang prospects, and an extensive program of grid geological mapping, followed up by detailed gradient array IP surveys to define and rank additional prospect within the project area.

Jambi, with a near surface oxide gold resource (JORC Inferred) of at least 100,000 oz Au comprises a near term open pit development prospect.

Tambang, which is also unclosed at depth and along strike to the north, has a current Inferred Mineral Resource of 39.5 million ounces of silver, plus 170,000 ounces of gold.

Other prospects have outstanding potential for the discovery of additional resources using modern geophysical techniques to optimize drill targeting. Widely spaced drilling has clearly indicated potential for high grades of both gold and silver, and the overall potential is enhanced by continued activity by “local“ miners in areas not previously subject to drill testing.

Highlights

Major new epithermal district (+25km)
~1 million Oz Au Equiv. in inferred resources at Jambi & Tambang
New Targets defined by soil geochemistry/geophysics
High potential for additional discoveries

Project Status

Upgraded Resource Estimate for Jambi oxide gold, 138 Oz Au, plus significant potential for additions
Inferred sulphide resource at Tambang (7.9 Mt @ 167 g/t Ag and 0.7 g/t Au at a 1 g/t cut- off) with untested potential for enriched oxide cap
Additional target areas defined by new soil geochemistry

Ojolali Development Strategy

Plan start-up 50K oz Au pa open pit at Jambi for cash flow
Feasibility and permitting by Q3 2009
Initial Production 2010
On going exploration to increase resource base
Multi million ounce potential

Geographical Spread

Indonesia

Board of Directors and Key Management

Board of Directors
Dr Russell Fountain	Director, Executive Chairman
Dr Chris Farmer	Director, Managing Director
Mr Robert Thomson	Executive Director, Development
Mr Michael Stirzaker	Finance Director
Mr Steve Lonergan	Non Exec. Director
Mr Stephen de Belle	Non Exec. Director
Mr Thomas Quinn Roussel	Director
Mr Ian Morgan	Company Secretary
Executive Management
Mr Grant Harding	Operations Manager

Company Address

Suite 51
Level 3
330 Wattle Street
Ultimo, New South Wales, Australia 2007


Telephone:	+61 2 9211 8299
Facsimile:	+61 2 9212 0200
Email:	info[at]findersresources.com
Website:	http://www.findersresources.com

Additional Address/Key Contact

Jakarta Office
931 Patra Office Tower
Jl. Jend. Gatot Subroto Kav 32-34
Jakarta Selatan
Indonesia

Year End

30 June

Nominated Brokers

JMFinn Capital Markets Limited
4 Coleman Street
London EC2R 5TA
United Kingdom

Nominated Advisors

RFC Corporate Finance Limited
Level 14
19-31 Pitt Street
Sydney NSW 2000
Australia

Broker/Analyst Reports

30/01/08 - HansonWest House
07/01/08 - Hoodless Brennan

Major Shareholders

SHAREHOLDER % Shares
EXSOLUTIONS PTY LIMITED*	7.5%	6281202
MR IAN DVAID NEUSS*	6.8%	5736543
TENNANT METALS PTY LIMITED	6.5%	5437561
DR CHRISTOPHER BEN FARMER	6.4%	5389535
LUJETA PTY LTD	6.0%	5000000
RESOURCE CAPITAL FUND IV L P	6.0%	4990020
HSBC GLOBAL CUSTODY NOMINEE (UK)	5.0%	4455000
HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED	3.6%	3022366
MR STEPHEN DE BELLE	2.7%	2254664
DARLEY PTY LIMITED	2.7%	2253000

Most Recent Statement

25/06/09 - Wetar Project Update
03/06/09 - Appointment of Finance Director
01/06/09 - Option to Acquire Processing Plant
29/05/09 - Significant Shareholders
14/05/09 - Release of Restricted Securities from Escrow
14/05/09 - Capital Structure

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