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ASX Announcement
14 January 2010
Not for release or distribution in the United States Cape Lambert is an Australian
domiciled, mineral investment
company. Its current investment
portfolio is geographically diverse
and consists of mineral assets and
EXPLORATION DRILLING TO COMMENCE AT interests in mining and exploration
companies.
LADY ANNIE PROJECT
The Company continues to focus on
investment in early stage resource
projects and companies, primarily in
iron ore, copper and gold. Its “hands
Key Points: on” approach is geared to add value
and position assets for development
Exploration drilling to commence at the Lady Annie Project in and/or sale.
late February 2010, with the first reverse circulation drill rig The Board and management exhibit
scheduled to arrive onsite on or about 24 February 2010, a strong track record of delivering
shareholder value.
Initial focus is on upgrading and adding to the defined
resources at the Mt Kelly Mining Area and Anthill-Python Australian Securities Exchange
prospects, Code: CFE
Ordinary shares
Swick Mining Services Limited (ASX: SWK) awarded a two 565,166,467
year contract for surface exploration drilling services, and
Unlisted options (30 June 2010)
Program comprises approximately 70,000 metres of reverse 8,350,000
circulation drilling and 10,000 metres of diamond drilling.
Unlisted options (31 Oct 2010)
28,000,000
Australian resources and investment company, Cape Lambert Resources
Limited (ASX: CFE) (“Cape Lambert” or the “Company”) is pleased to advise Board of Directors
that exploration drilling is due to commence at the Lady Annie Project in late Tony Sage Executive Chairman
February 2010, with the first reverse circulation (“RC”) drill rig scheduled to Tim Turner Non-executive Director
Brian Maher Non-executive Director
arrive at the project on or about 24 February 2010.
Eloise von Puttkammer
Company Secretary
Swick Mining Services Ltd has been contracted to undertake exploration
drilling services over a two year period at the Lady Annie Project, which is Key Projects and Interests
located 120km north of Mt Isa, Queensland (refer Figure 1). Lady Annie Copper Project
Marampa Iron Ore Project
Sappes Gold Project
The two year exploration drilling program comprises approximately 70,000 DMC Mining Limited
metres of RC drilling and 10,000 metres of diamond drilling (“DD”). The first Corvette Resources Limited
of 3 drill rigs, comprising two RC and one DD rig, will arrive at Lady Annie on
Cape Lambert Contact
or about 24 February 2010 and will commence drilling shortly thereafter. The Tony Sage
second RC rig is scheduled to arrive in the second quarter 2010, and a Executive Chairman
Phone: +61 8 9380 9555
diamond rig in May 2010.
Australian Enquiries
RC drilling will initially focus on upgrading and adding to the currently defined Professional Public Relations
resources at the Mt Kelly Mining Area, and upgrading and extending the David Tasker
defined resource at the Anthill – Python prospects, located to the south of the Phone: +61 8 9388 0944
Mobile: +61 433 112 936
Mt Kelly Process Plant (refer Figure 2). The scope of RC drilling will expand Email: dtasker@pprwa.com.au
significantly with the arrival of the second RC rig, which will focus on testing
highly prospective exploration targets on granted mining leases and UK Enquiries
exploration permits within the project area. Conduit Public Relations
Jos Simson
Phone: +44 (0)20 7429 6603
Mobile: +44 (0)7899 870 450
Email: Jos@conduitpr.com
Cape Lambert Resources Limited ABN 71 095 047 920
PO Box 144, West Perth Western Australia 6872 info@capelam.com.au
Phone: +61 8 9380 9555 Facsimile: +61 8 9380 9666 www.capelam.com.au
ASX Announcement
/ 14 January 2010
The Company is currently divesting its interest in the Lady Annie Project by way of an Initial Public
Offering (“IPO”) of Q Copper Australia Limited. Patersons Securities Limited is the Lead Manager to
the IPO. The indicative closing date of the IPO is 3 February 2010.
Should you wish to participate in the IPO you can do so by completing the application form in the
Supplementary Prospectus dated 14 December 2009, which should be read together with the
Prospectus dated 16 November 2009. A copy of the Prospectus and the Supplementary Prospectus
can be downloaded from the Q Copper website: www.qcopper.com.au. Alternatively, you can call Mr
Philippe Francois on (08) 9211 0600 to request a copy of the Prospectus and Supplementary
Prospectus are mailed to you.
“The award of the drilling contract prior to the listing of Q Copper is in line with the Company’s
strategy of ensuring exploration commences at Lady Annie as early as possible to enable additional
mine life to be crystallised,” said Cape Lambert Executive Chairman, Mr Tony Sage.
Yours faithfully
Cape Lambert Resources Limited
Tony Sage
Executive Chairman
About Swick Mining:
Swick Mining Services (ASX: SWK) is one of Australia’s largest mineral drilling contractors,
providing high quality, high value underground and surface drilling services to a diverse group of
mining houses in gold, iron ore, nickel, copper, lead, zinc and manganese. The Company has a
strong reputation for innovation in rig design and drilling practices that delivers improvements in
productivity, safety, versatility and value. Swick recently committed to expanding its operations
outside of Australia and building a global brand through an expansion into targeted international
markets, with an initial focus on North America.
This announcement has been prepared for publication in Australia and may not be released in the United
States or elsewhere outside Australia. This announcement does not constitute an offer of securities for sale in
the United States or any other jurisdiction. Any securities described in this announcement may not be offered
or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from
registration.
Cape Lambert Resources Limited
ASX Announcement Page 2 of 2
Lawn Hill
Century Younger rock sequence
12Mt Zn Eastern Succession
133Moz Ag
Western Succession
Kalkadoon Leichhardt Belt
Q Copper Tenements
Granted tenement
Application
Operating mine
Mt Gordon Former mine
0.7Mt Cu
Mineral deposit
Lady Loretta Copper/Gold
2.3Mt Zn
Gold
Lady Annie Project Copper
>0.35Mt Cu
Base metals
Mt Kelly
Process Plant Dugald River
5.8Mt Zn,
68Moz Ag
Roseby
0.9Mt Cu
0.3Moz Au
Ernest Henry
Rocklands 1.4Mt Cu,
Hilton >0.5Mt Cu 2.2Moz Au
319Moz Ag,
7.4Mt Zn
MOUNT ISA CLONCURRY
Mount Isa
8.4mt Cu,
10.2Mt Zn,
714Moz Ag
50km
Duchess
Mt Elliott / Starra
3.1Mt Cu,
5.1Moz Au
Darwin Tick Hill
0.6Mt @ 25g/tAu
Dajarra
MT ISA Cannington
1.9Mt Zn,
750Moz Ag
Brisbane
22°00’
Perth Sydney
Adelaide Osborne
Melbourne 0.4Mt Cu,
1000km Figure 1 1.2Moz Au
LOCATION OF LADY ANNIE PROJECT
280 000 mE 340 000 mE
Distal 5
7 84 0 000 mN
Power and
Water Corridor
Distal 4
Mt Gordon (Cu)
Lake
LADY ANNIE Waggaboonya
Distal 1 Redie Ck
Investigator
7 800 000 mN Wild Gecko MOUNT KELLY
PROCESS PLANT Dividend
SITE
Swagman
To McLeod Hill
Darwin
Lady Maggie
& Extension
Water Pipeline
7 760 000 mN Python
Johnson Creek
Borefield
Johnson Ck
Anthill
Granted Tenement
Tenement Applications
Hilton
Exploration Prospects (Zn Pb)
7 720 000 mN
0 20km
Mining Areas
To
Townsville
Mt Isa
(Cu Zn Pb)
Figure 2
MINING AREAS, PROCESS PLANT AND
EXPLORATION PROSPECTS
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