Avoca Resources Ltd. | Company Profile

About The Company

Avoca Resources Limited is anemerging gold producer and gold development company headquartered in Perth, Western Australia. In the six years since the company first listed in April 2002, Avoca has developed from a junior Greenfield explorer into a producer with a portfolio of high-quality exploration assets, both wholly-owned and in joint ventures with a number of reputable international mining houses.

The Higginsville Gold Project is the first development in the company's pipeline and will provide the framework for the onward development of their high-quality exploration base, including Mt Fisher.

Higginsville Project

Avoca's principal project is the Higginsville Gold Project, located 180km south of Kalgoorlie. A successful feasibility study on the Trident Deposit, within the Higginsville Project, was completed in December 2006 and following the commissioning of the 1 Mpta per annum Higginsville treatment plant, the Trident Underground Mine is forecast to produce 170,000 ounces per annum.

The Higginsville resource base stands at 1.35 Moz and growing (following the December 2007 resource update).

Exploration and Development Projects

The company regards its exploration and development projects as falling into two broad groups:

In Western Australia, Avoca owns 100% of the Mt. Fisher Gold-Nickel Project. The Mt. Fisher Project is located 400km north of Kalgoorlie and represents distinct gold and nickel mineralization in a project area of 740km².

The company has eight joint venture developments in Western Australia. These generally take the form of a free carry while their joint venture partner bears exploration costs. At a pre-determined point, Avoca has the option to either contribute its proportion of expenditure or to reduce its interest in the project. Avoca has Western Australia Joint Ventures with:

The Projects

Higginsville Gold Project | Flagship Project

The Company's flagship project, the Higginsville Gold Project, is currently in production.

Avoca acquired the Higginsville project in June 2004. It is situated between the regional mining centres of Kambalda and Norseman in the Eastern Goldfields of Western Australia.

Avoca has since had considerable exploration success with the discovery of Trident, located 200m north of the underground workings associated with the previously mined out Poseidon South open pit.

The results of a feasibility study conducted in 2006 confirmed the Company's view that Trident will develop into one of Australia's premier new generation gold mines.

Avoca announced on 18 December 2007 the results of its JORC resources update for the Higginsville Gold Project. The JORC resources inventory for the Higginsville Gold Project has increased by 246,000 ounces to 11.7Mt at 3.6 g/t for 1,350,000 ounces, representing a 23% increase from the resource base reported in December 2006.

Mount Fisher Project

Avoca's 100% owned Mt Fisher Gold-Nickel Project is located 420km north of Kalgoorlie and 80km east of the world-class Jundee Gold Mine in the north-eastern goldfields. Avoca's project area totals 740km² in one contiguous tenement package which controls the entire southern portion of the Mt Fisher greenstone belt. This belt lies immediately to the west of the prolific Yandal greenstone belt that hosts the Jundee, Bronzewing and Darlot gold deposits.

Western Australian Encounter Resources Limited Uranium JV

Encounter 80%, Avoca 20%

The joint venture alliance between Encounter Resources Limited and Avoca was set up for the exploration of uranium deposits in Western Australia. Each of Encounter Resources' 9 uranium projects is subject to the joint venture whereby Avoca retains a 20% contributing interest with an election to dilute to a royalty on any individual tenement.

Encounter has pegged highly prospective ground for calcrete hosted palaeochannel-type uranium deposits immediately adjacent to BHP-Billiton's Yeelirrie deposit near Wiluna as well as in the Officer Basin area on the eastern margins of the Yilgarn Craton. Other calcrete projects include Leonora Regional, Meekatharra and Regional South West. A large tenement portfolio in the Bangemall basin is prospective for unconformity related uranium deposits.

Encounter 60%, Avoca 40%

Encounter has earned a 60% interest in the uranium rights only to the Wiluna South project on Lake Way located 20km south of Wiluna.

The project covers approximately 12km of the Lake Way drainage system and is located between Nova Energy's Lake Way uranium deposit to the north and their Centipede deposit to the south. Nova recently announced a JORC compliant Inferred Mineral Resource for these deposits of 15.5Mt grading 0.058% U3O8 for 9000t of contained U3O8.

For more detailed information about the projects and the company in general, please visit the website of Avoca Resources!

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