Company Information for Weatherly International plc

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Company Statement

Weatherly International is an AIM-quoted integrated base metals producer with copper mining and smelting operations in Namibia.

Weatherly is seeking to become a major southern African base metals producer, building on its strong growth prospects, niche custom-smelting business and solid African management expertise.

The company is currently operating four copper mines and a smelter in Namibia. A further two mines are in development, along with an expansion of the smelter to double annual capacity to 50,000 tonnes. 

Weatherly will continue to seek and evaluate other strategic acquisition opportunities in Africa that have the potential to generate additional profitable growth for shareholders.

Current Operations

Weatherly International is an unhedged Namibian copper producer with an integrated mining and smelting business. The company's operations are located along a strategically important and efficient transport route in southwest Africa, stretching from the port of Walvis Bay on the Atlantic coast to the major copper producing areas of Zambia and DRC.

• Unhedged copper producer with 4 mines in production
• Current resource base of 690,000 tonnes of contained copper (JORC)
• Tsumeb is a major regional custom smelting business
• Strategically positioned to grow into a prominent regional mining and smelting centre
• Strong production growth potential through brownfields development and exploration projects

Geographical Spread

Namibia

Board of Directors and Key Management

Dr Wolf Martinick, Non-executive chairman

Dr Martinick is an environmental scientist with extensive experience in the mineral resource industry. He has been involved with mineral exploration and mining projects around the world, especially in Australasia, southern, central and northern Africa, China, India, and the former Soviet Union.

Rod Webster, Chief executive officer

Mr Webster is a graduate mining engineer from the University of Sydney. He has over 30 years of experience in the resources industry, including more than 10 years in managing director or chief executive officer positions.

Max Herbert, Company Secretary

Mr Herbert joined Weatherly in January 2008. He has many years extensive experience at senior managerial level in the UK and overseas power industries including 10 years with National Power, a FTSE 100 company. As Company Secretary, General Counsel and Regional Director (Asia) of National Power, he played a pivotal role in the establishment of strong corporate governance, the development of corporate strategy, contract negotiation and international business.

John Bryant, Non-executive director, Chair of Nominations Committee

Mr Bryant is Chairman of KP Renewables PLC and Chairman of Gas Turbine Efficiency PLC (both quoted on AIM) and a board member of Attiki (Athens) Gas Company.

Company Address Marble Arch Tower 55 Bryanston Street London, United Kingdom W1H 7AJ Telephone: +44 (0) 207 868 2232 Facsimile: +44 (0) 207 149 9961 Website: http://www.weatherlyplc.com

Additional Address/Key Contact Anthony Cardew/Jamie Milton/Matthew Law 12 Suffolk Street London, UK SW1Y 4HG T +44 (0)207 930 0777

Capital Number of shares in issue 404,677,066 Warrants 9,041,123 Share options 500,000 Fully diluted 414,218,189

Annual General Meeting January 2009

Year End June 30

Nominated Brokers Panmure Gordon (Broking) Limited Moorgate Hall 155 Moorgate London, UK EC2M 6XB Ambrian Partners Old Change House 128 Queen Victoria Street London EC4V 4BJ

Nominated Advisors Ambrian Partners Old Change House 128 Queen Victoria Street London EC4V 4BJ

Major Shareholders

RAB Capital	22.4%
Matterhorn Investment	17.6%
Directors	11.6%
Bank Windhoek (Namibia)	8.4%
Ezenet Limited (Australia)	4.5%

Related News

02/03/10 - Copper Production From Weatherly’s Namibian Mines Should Restart Before The Year End
16/09/09 - Weatherly International Will Have A Very Powerful Chinese Partner Next Year
30/07/09 - Weatherly International Is Now On the Front Foot Again At Its Copper Mines In Namibia
06/01/09 - Weatherley International Transforms Its Potential With A Series Of Deals In The Last Days Of 2008
11/06/08 - Weatherly International Retreats From Kombat

Most Recent Statement

11/03/10 - Result of General Meeting
15/09/09 - Letter of Intent
26/08/09 - Stmnt re Share Price Movement
12/08/09 - Corporate and Trading Update
18/06/09 - Corporate and Trading Update
15/04/09 - Quarterly Report