Mt Isa Metals Limited is an Australian-based exploration company focused on the discovery and development of world-class mineral deposits in central and 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.

In line with D'Aguilar's stated objective to fund growth within its subsidiaries and in order to provide working capital, $2.1m of seed capital was raised by Mt Isa Metals during 2006 and 2008, thereby reducing D'Aguilar's interest to 72.7%.

In early 2008 a significant number of the Company's key tenement applications were granted by the Queensland Department of Mines and Energy and the Board of Mt Isa Metals resolved to progress to ASX listing. In preparation for listing, Mt Isa Metals was converted to a public company on 11 April 2008.

The Company has assembled a substantial portfolio of exploration tenements and tenement applications totalling in excess of 7,000km². 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
• redox front, skarn, and vein breccias uranium deposits
• polymetallic gold-PGE-uranium deposits

In addition to the above the Company holds a 20% interest in a sedimentary phosphate deposit with Legend International Holdings, Inc. - the D-Tree Joint Venture*.

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.

A key focus for the Company is the Mt Isa region in northwest Queensland which is noted as one of the world's most significant mineral provinces. The Company's interests include in excess of 4,000km2 of tenements and tenement applications within the Mt Isa region which include multiple geophysical targets, most of which have never been drilled.

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

Corporate Objectives

The overall objective of the Company is to create shareholder value through the discovery and development of world-class mineral deposits with a key focus on the Mt Isa region of north-west Queensland.

To facilitate achievement of this objective the Company will:

• recruit and seek to retain high caliber 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 including: shareholders, local communities, landowners, employees, government and regulatory bodies, joint venture partners, and third party service providers.