Pt Batutua Tembaga Raya

PT Batutua Tembaga Raya is an Indonesian based company of Finders Resources Limited (ASX Code: FND) an Indonesia-focused operator with Wetar Copper Project (95% interest) The Wetar Copper Project has several stand-out characteristics including: •JORC compliant mining reserves with ~200,000t of contained copper metal •A 9.2 year mine life at high grade ~2.5% Cu and low strip ratio of less than 1.0 •Proven heap leaching process with a working industry-standard SX-EW plant •LME Grade A copper cathode product sold at a premium to LME since February 2009 •A recently completed Updated Bankable Feasibility Study which forsees: ◦Total capital costs of $167m including an accuracy provision of $17m ◦Operating cash costs of $1.07lb life of mine, 90 cents/lb at full production ◦EBITDA for the first full year of production of +$155m at $3.75/lb copper •Local community is knowledgeable about mining and is strongly supportive of the project