29 July 2010 Fourth Quarter Activities & Cashflow Report Exco has released its Quarterly Activities & Cashflow Report, for the three months ending 30 June 2010. Highlights for the quarter include: White Dam Gold Project, South Australia ? Overall Project Performance: Project performance to date has exceeded expectations in terms of production, costs and the pace at which the operation progressed to steady state. ? Gold Production and Sales: JV gold production to 30/6/10 amounted to 12,928 ounces, well ahead of expectations. With total cash costs of A$563/oz the project is already cash positive. The average price of ounces sold was A$1,415/oz. ? Official Opening: The official opening of the White Dam Production Joint Venture took place on 10 June 2010. ? Near Mine Exploration: The JV partners have initiated a near-mine exploration and resource development programme with a view to extending the life of the project.. Cloncurry Copper Project (CCP), NW Queensland ? DFS Update: Work continued on the Definitive Feasibility Study (DFS) for the CCP. The DFS remains on schedule for completion in late 2010. ? EIS Update: The EIS approvals process continues with the ?approval to proceed? and the completion of the assessment report by DERM. ? Mt Colin Underground Mining Study: Initial drilling has confirmed the high grade potential at Mt Colin with 17m @ 4.6% Cu & 1.34g/t from EMCDD034. Exploration ? SAM Surveys at Hazel Creek & Cloncurry Projects: SAM surveys were completed over priority prospects at Eight Mile Creek and in the area around the E1 Deposit. Preliminary data shows new targets in these areas. Preparation for drilling is underway. ? Commencement of Exploration Drilling Hazel Creek & Cloncurry Projects: Drilling has started on various regional targets including Fisher Creek, Salebury, Tanbah and at the Hazel Creek Project, where previous results have been very encouraging. ? Further drilling at Tanbah confirms widespread copper gold mineralisation: Assays from a number of new holes confirm wide zones of Cu/Au mineralisation. A number of these holes were terminated in mineralisation and are currently being extended with Diamond core drilling. Corporate ? Price Protection: Exco has arranged further hedging and option facilities to provide additional price protection for its revenues from White Dam. To view the report in full, please click on the following link: http://www.excoresources.com.au/investors-media.html -------------------------------------------------- Contact Us:
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