Company Information for Vulcan Resources Ltd

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Company Statement

Vulcan Resources Limited is a base and precious metals development and exploration company in Finland.

The Company’s primary focus is the completion of a definitive feasibility study on its 100% owned Kylylahti copper-cobalt project located in eastern Finland which has a Resource of 7.85 million tonnes grading 1.17% copper, 0.24% cobalt, 0.22% nickel, 0.49% zinc and 0.70 g/t gold

A Definitive Feasibility study managed by SNC-Lavalin Australia is examining the construction of a 13 year underground mine, concentrator and Ni-Co concentrate processing plant.

The Kuhmo Nickel Project is 95% owned by Vulcan and has a Resource containing 38,000 tonnes of nickel metal and over 80,000 ounces of platinum and palladium.

Vulcan also has extensive iron-vanadium-titanium and nickel-copper projects in northern Finland.

Vulcan is listed on the Australian Stock Exchange (VCN), the Frankfurt Stock Exchange (VUA) and the Norwegian OTC (VCNR).

Current Operations

Kylylahti Copper-Cobalt Project

• Growing copper project with a resource inventory of approximately 7.8 million tonnes at 1.17% copper, 0.24% cobalt, 0.22% nickel, 0.49% zinc, 0.7 g/t gold.
• There is significant opportunity to increase the resources around existing drill intercepts and at depth.
• Conventional decline mine, concentrator and sulphide concentrate sales.
  Concentrate customers within 400 kilometres of mine.
• Located adjacent to infrastructure, existing mines and an experienced workforce in a low risk country with a metals and mining culture.
• Granted mining tenure with environmental approvals expected mid 2007
  and project development planned to commence late 2007.
• Approximately US$5 million of historic expenditure by Outokumpu.
• Pipeline of existing copper resources and additional targets in region.

Kuhmo Nickel Joint Venture

• Advanced exploration project in a rapidly emerging new nickel sulphide
  province of 150 kilometre long greenstone belt.
• Twelve drilled nickel sulphide occurrences identified by historic
  exploration, little modern exploration.
• Nickel mineralisation displays well understood. Mt Keith, Kambalda and Raglan-Collurabbie styles of mineralisation.
• Abundant pipeline of geophysical and geochemical drilling targets.

Geographical Spread

Finland is mining-friendly country within the European Union that offers the exploration industry a favourable investment and operating environment with significant potential for new discoveries - many commodities are still very much under-explored. Finland is also close to major markets and has processing facilities for many minerals. 

Board of Directors and Key Management

Board of Directors
Mr Barry Eldridge (Chairman)
Dr Alistair Cowden (Managing Director)
Mr Heikki Solin (Non Exec. Director)
Mr Michael Blakiston (Non Exec. Director)
Ms Fiona Harris (Non Exec. Director)
Mr Melvin Campbell (CFO, Joint Company Sec.)
Mr Anthony Begovich (Joint Company Sec.)
Key Personnel:
Mr John Brodziak	(Project Manager - Kylylahti)
Mr Campbell Baird	(General Manager Operations)
Mr Jarmo Vesanto	(General Manager Finland)
Mr Nicholas Walker	(Exploration Manager)
Mr Seppo Tuovinen	(Mining Manager Finland)

Company Address Ground Floor, 1 Altona Street West Perth, WA, Western Australia, Australia 6005 Telephone: +61 8 9485 2929 Facsimile: +61 8 9486 4933 Email: admin[at]vulcanresources.com.au Website: http://www.vulcanresources.com.au

Additional Address/Key Contact PO Box 1081 West Perth WA 6872

Annual General Meeting November

Year End June 30

Nominated Brokers Hanson Westhouse LLP

Nominated Advisors Hanson Westhouse LLP

Broker/Analyst Reports

19/11/07 - Eagle Research Advisory
11/05/07 - TaylorCollison

Major Shareholders

	Name	% Issued Capital
1.	AGD Mining	7.17
2.	Range Capital	4.81
3.	Pareto Growth	4.81
4.	Finnish Industry Investment Ltd	4.76
5.	Directors	4.71

Related News

17/04/08 - Vulcan Says Go, The Market Says Whoa!
25/10/07 - Vulcan Hits The Boom
06/07/07 - Vulcan Wisely Takes A Dual Listing On The Norwegian Stock Exchange

Most Recent Statement

24/07/08 - Vulcan Quarterly Report Released
26/06/08 - Kylylahti Project Underway
12/05/08 - Kuhmo Nickel returns High Grade Platinum & Palladium in Massive Nickel Sulphides
30/04/08 - Quarterly Report - March 2008
14/04/08 - Vulcan to Proceed with Kylylahti Mine
12/03/08 - DRILL RESULTS INDICATE POTENTIAL FOR EXTENSION TO KYLYLAHTI DEPOSIT