Mt Isa Metals Limited is an Australian-based exploration company focused on the discovery and development of world-class mineral base metal and precious metal deposits in north-west Queensland.

Mt Isa Metals was incorporated on 15 June 2006 as a wholly owned subsidiary of ASX-listed D'Aguilar Gold Limited. Mt Isa Metals was created to hold and advance significant base metal and uranium targets identified by D'Aguilar's project generation group.

Following the grant of a high proportion of the Company's tenement applications in early 2008 the Company  undertook an IPO and was formally listed on the Australian Securities Exchange on 22 August 2008.

The Company has assembled a substantial portfolio of exploration tenements and tenement applications in North Queensland. The Board considers that the tenements are are highly prospective for the discovery of a variety of economically important deposit types including:

• iron oxide copper-gold (IOCG) deposits
• sediment hosted (Mt Isa style) copper deposits
• sediment hosted (Mt Isa style) silver lead zinc deposits
• skarn and vein breccias uranium deposits

Exploration targets within the portfolio range from areas where no previous exploration has been conducted, so called "greenfield" targets, through to areas where prior exploration has identified substantial anomalies which remain to be fully assessed.

The Mt Isa region of north-west Queensland is noted as one of the world's most significant mineral provinces. The Company's interests in the Mt Isa region include in excess of 3,500 sq. km of tenements and tenement applications which include multiple geophysical targets, many of which have never been drilled.

The Company holds a direct 100% interest in the vast majority of its exploration tenements providing investors with a full exposure to any future mineral discoveries. In addition, the Company holds a 49% interest in two joint venture tenements with ASX-listed Syndicated Metals Limited.

Corporate Objectives

The prime objective of the Company is to create shareholder value through participation in the discovery and development of world-class base metal and precious metal deposits.

The Board is of the view that the Company is best placed to achieve this objective by:

• focussing exploration on world-class mineral provinces (ie: those with a proven mineral endowment), and
• seeking some form of 'first-mover' advantage (primarily by exploring in areas that have received minimal prior effective exploration)

To support achievement of this objective the Company will:

• recruit and seek to retain high calibre personnel
• adopt a systematic approach to exploration
• seek to maximize in-ground expenditure as a proportion of the total budget
• reasonably recognise and value the interests of all key stakeholders that do business with the Company.

The Company has recently announced an intention to predominantly focus its ongoing exploration activities on two core commodities - copper and gold.

• Mt Isa Region - Project Locations