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Exco Resources Ltd has a clear development strategy for its highly prospective project portfolio. The portfolio currently includes the Cloncurry Copper Project in NW Queensland and the White Dam Gold Project in South Australia.

Exco has long recognised the prospectivity and strategic value of its >4,700km2 land package in NW Queensland. This prospectivity is evidenced by the current 35Mt resource base which contains not only 344,580 tonnes of Cu and 347,200 ounces of Au, but also significant uranium.

The Board, backed by the Company’s major shareholders including Ivanhoe, Lion Selection and management, believe there is potential to significantly increase this resource base through further exploration and resource development.

Exco intends to accelerate its plans through a more intensive resource development and a greenfields copper-gold-uranium program primarily focused on the Cloncurry Copper and Hazel Creek / Boomarra Project areas. The ultimate aim of the Company’s strategy is to position Exco to take advantage of sustained Cu demand, projected supply gaps and the positive forward price outlook for copper, gold and uranium.

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