Company Information for Mount Burgess Mining NL

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Company Statement

Mount Burgess Mining N.L., a resource exploration company that has been listed on the Australian Stock Exchange since 1985, has projects in both Australia and Africa.

Current Operations

AUSTRALIA
In Australia the Company is exploring for gold at Telfer, where it has a significant ground holding within 20 kms of Newcrest Mining's huge 17.4 million ounce gold ore reserve at Telfer Main Dome.

The Company holds tenure over both Tim's Dome and East Thompson's Dome. Tim's Dome hosts lithologies similar to those observed at Newcrest's Telfer Mine. Various drilling programmes have shown that much alteration and extensive low grade gold mineralisation occurs for some 2 km of strike at Tim's Dome. At East Thompson's Dome recent studies have concluded that the dome has many similarities to Newcrest's Main Telfer Dome, with good potential to host Telfer style strata-bound gold and base metal mineralisation.

NAMIBIA
Exploration by the Company to date has involved collection of 3700 loam samples, which were processed for kimberlitic indicator minerals. In areas of deeper Kalahari sand cover the Company has drilled over 51,100m of percussion drilling to sample the base of Kalahari interval for indicator minerals.

The basement and loam samples have generated several distinct basement indicator mineral anomalies. These indicator minerals include 8 macrodiamonds and significant numbers of G9 and G10 kimberlitic garnets, occurring in distinct clusters.

The Company believes that the freshness and un-rounded state of some of these G9 and G10 garnets is indicative of a short transport distance in the regolith and, thus, these indicator mineral anomalies are in close proximity to as yet undiscovered kimberlitic sources.

BOTSWANA
The Kihabe Zinc-Lead-Silver Resource
The Kihabe Resource is located along a contact between the dolomite footwall and a sequence of rhythmically bedded sandstones, which have been folded and metamorphosed to, respectively, dolomitic marble and chloritic quartzite. The local geology of the deposit is known to be a west-plunging syncline.

Mineralisation is developed within the host quartzite within thick, coarse grained beds, and weakens upwards in the stratigraphy as the grain size reduces. Mineralisation forms a series of overlapping stacked horizons controlled by the beds within the quartzite.

The Company has published an initial JORC Resource at Kihabe within a strike length of 2.4km, an initial program of 13,000m of reverse circulation drilling  has defined 11 million tonnes grading 2.55% zinc equivalency. 95% of the Resource reports to an Indicated Category with the remainder within the Inferred Category. Subsequent diamond core drilling has shown a grade increment of 60%, though further drilling is required to verify this.

Diamond core drilling provides better recoveries and sample quality compared to reverse circulation drilling. It will also allow better geological controls to be established with the aim to convert a portion of the existing Resource to the Measured Resource category.

Drill results have confirmed extensions to the resource along strike to the west and the Company is testing a further 8.5km of the Kihabe Syncline within Botswana. There is also a strong possibility of finding extensions to the deposit within neighbouring Namibia.

Gossan Prospect
The Gossan anomaly is a two kilometre long, half kilometre wide soil anomaly with +1,000ppm zinc and +500ppm lead in soil, hosted within a valley bounded by dolomite.

The company has identified an in-situ gossan outcrop with peak values in rock sampling of 21.95% zinc, 7% Pb and 30 ounces per tonne of silver, which is a likely source for the extensive soil anomalism.

Drilling of the Gossan, extending soil and geophysical coverage of the prospective structure, and assessing the potential for hosting a primary zinc-lead sulphide resource is planned.

Nxuu Prospect
The Nxuu Prospect is located approximately 5.5km east south-east of Kihabe. The prospect is defined by a pronounced vegetation anomaly with supporting soil anomalism.Previous reverse circulation drilling returned an intercept of 38m @ 1.6% Zn + 1.2% Pb.

The geology of Nxuu is identified as a syncline of mineralised quartzite similar to the Kihabe Syncline, and thus highly prospective for finding additional mineralisation of a style and tenor similar to that of Kihabe.

The prospect will be to drill during 2008 for the purpose of generating further resources.

Geographical Spread

Telfer, Western Australia


Tsumkwe, Namibia


Kihabe, Botswana

Board of Directors and Key Management

BOARD OF DIRECTORS
Nigel Raymond Forrester, F.C.A. Chartered Accountant	Chairman & Managing Director (Australian Resident)
Mr Murray Surtees, BSc, MDP, FAusIMM	Executive Director, Exploration and
Resource Development
Godfrey Edward Taylor, LL.B Barrister/Solicitor	Non Executive Director (Australian Resident)
Ronald William O'Regan, Stockbroker	Non Executive Director (U.K. Resident)
Alfred P Stirling, F.C.A.Chartered Accountant	Non Executive Director (UK Resident)
Allan Mulligan, NHD Dip Metalliferous Mining MAusIMM, Mining Engineer	Non Executive Director (Australian Resident)
SENIOR MANAGEMENT
Jan Forrester	Company Secretary
Serene Chau, C.P.A.	Company Secretary & Accountant

Company Address Level 4 109 St Georges Terrace Perth, Australia 6000 Telephone: ++61 8 9322 6311 Facsimile: ++61 8 9322 4607 Email: mtb[at]mountburgess.com Website: http://www.mountburgess.com

Additional Address/Key Contact P O Box Z5301 St Georges Terrace Perth Western Australia

Capital The Company currently has 300,257,000 shares on issue

Annual General Meeting Perth - November

Year End 30th June

Major Shareholders

Citicorp Nominees Limited	49,407,296	19.629
ANZ Nominees Australia Ltd	19,430,261	7.719
National Nominees Limited	13,586,626	5.398
Mr Nigel Raymond Forrester	6,873,576	3.638
HSBC Custody Nominees (Australia) Ltd	5,361,070	2.130

Related News

06/11/08 - Riding Out The Downturn: Mount Burgess Takes A Realistic Look At The Zinc Market
08/01/08 - Mount Burgess Joins The Queue At The Assay Labs
02/05/07 - Mount Burgess Mining Outlines A First Stage Resource At Kihabe

Most Recent Statement

11/11/08 - Final Director's Interest Notice
06/11/08 - Withdrawal of ELA45/1946 for the consideration of $2,350,000
06/11/08 - Withdrawal of AGM Resolution - Retirement of Director
06/11/08 - Presentation to the Annual General Meeting
06/11/08 - Results of Resolutions at AGM
31/10/08 - Quarterly Report - 30 September 2008