Resources & Reserves

Summary of Mineral Resources, 31 October 2007

Weatherly currently has 695,219 tonnes of contained copper in resources, compliant to JORC.

Deposit	Resources Category	Insitu Tonnes and Grades					Insitu Metal
Deposit	Resources Category	Tonnes	Cu%	Ag g/t	pb%	Au g/t	Cu metal tonnes	Ag metal ounces	Pb metal tonnes	Au metal ounces
Tschudi	Measured	13,545,000	0.82	9.75	-	-	110,629	132,051	-	-
	Indicated	26,312,000	0.83	10.85	-	-	217,863	285,446	-	-
	Inferred	3,531,000	0.84	11.01	-	-	29,625	38,875	-	-
	Total	43,388,000	0.83	10.52	-	-	358,117	456,372	-	-
Tsumeb West	Measured	12,400	2.33	13.00	-	-	289	161	-	-
	Indicated	636,900	2.28	18.73	-	-	14,539	11,932	-	-
	Inferred	-	-	-	-	-	-	-	-	-
	Total	649,300	2.28	18.62	-	-	14,828	12,093	-	-
Matchless Western Extension	Measured	-	-	-	-	-	-	-	-	-
	Indicated	869,300	3.24	-	-	-	28,165	-	-	-
	Inferred	47,600	2.48	-	-	-	1,180	-	-	-
	Total	916,900	3.20	-	-	-	29,346	-	-	-
Kombat Asis West (12-15 Level)	Measured	4,790	2.74	8.34	0.10	-	131	0	400	-
	Indicated	79,640	2.16	4.43	0.12	-	1,717	10	3,527	-
	Inferred	143,640	2.17	7.37	0.12	-	3,120	17	10,585	-
	Total	228,070	2.18	6.36	0.12	-	4,968	27	14,512	-
Kombat Asis West (19-22 Level)	Measured	-	-	-	-	-	-	-	-	-
	Indicated	104,600	2.49	28	-	-	2,605	29,288	-	-
	Inferred	235,000	3.77	50	-	-	8,855	11,750	-	-
	Total	339,600	3.37	43	-	-	11,460	41,038	-	-
Kombat Asis Far West	Measured	-	-	-	-	-	-	-	-	-
	Indicated	1,641,900	2.29	-	-	-	37,600	-	-	-
	Inferred	572,800	2.29	-	-	-	13,117	-	-	-
	Total	2,214,700	2.29	-	-	-	50,717	-	-	-
Otjihase	Measured	3,494,900	2.38	9.03	-	0.43	83,022	8,302	-	1,493
	Indicated	4,596,700	1.92	7.64	-	0.31	88,073	8,807	-	1,443
	Inferred	4,076,300	1.34	5.06	-	0.21	54,690	5,469	-	848
	Total	12,167,900	1.86	7.17	-	0.31	225,784	22,578	-	3,784
GRAND TOTAL		59,904,470	1.16	-	-	-	695,219	532,108	14,512	3,784

*Undiluted resource tonnes inclusive of reserves

The resources reported are based on the "Ongopolo's Mineral Properties and Mines, Competent Persons Report and Technical valuation, 24 April 2006, Prepared by RSG Global on behalf of Weatherly International plc". The April 2006 Resources and Reserves have been depleted for the period 30 April 2006 to 30 October 2007 Run of Mine and updated to this 30 October 2007 Resource Statement. Minimal exploration or further evaluation work has been undertaken in the period to warrant a review of the RSG, Competent Persons Report of 24 April 2006, hence no attempt has been made to reinterpret, remodel and or reclassify the resources for the purpose of compiling this 30 October 2007, Resource Statement.