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

Wolf Martinick	Non-Executive Chairman
Rod Webster	Chief Executive Officer
Paul Craven	Chief Financial Officer
Max Herbert	Company Secretary
Peter Redmond	Non-Executive Director
John Bryant	Non-Executive Director

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

Nominated Advisors Libertas Capital Corporate Finance Limited 16 Berkeley Street London, UK W1J 8DZ

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

11/06/08 - Weatherly International Retreats From Kombat
04/12/07 - Weatherly International Is In A Sunny Spot With A Maiden Profit
13/06/07 - Weatherly International Gets Feed And Funds For Its Smelter

Most Recent Statement

21/05/08 - Announcement of joint venture with Anglo American plc
31/03/08 - Interim Results
15/02/08 - Announcement of Approach
04/02/08 - Weatherly Sells Non-Core Slag Dumps for £5.7 million in cash, shares and options
28/01/08 - Weatherly Signs Long-Term Supply Agreement to Smelt Copper Concentrates
22/01/08 - Weatherly AGM Results and Production Update on Kombat