EXCALIBUR MINING CORPORATION LIMITED Audio Webcast

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EXCALIBUR MINING CORPORATION LIMITED (EXM)

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EXCALIBUR MINING CORPORATION LIMITED (EXM) Events

Company (Stock Code)	Date/Time	Event	Timezone: Australia/NSW
EXCALIBUR MINING CORPORATION LIMITED (EXM) Further New Discoveries At Tennant creek	Thu, 14 Aug 2008 03:30PM	EXM - Drilling Update Aug 2008 - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM) Extensive Drilling Leads to Encouraging Results	Fri, 1 Aug 2008 03:45PM	EXM - Quarterly Report June 2008 - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Fri, 27 Jun 2008 09:30AM	EXM - Rising Sun Prospect Drilling Results - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM) New Copper Zone, Significant Results	Mon, 26 May 2008 02:15PM	EXM - Tennant Creek Drilling Update/Investor Presentation Update - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Thu, 1 May 2008 12:15PM	EXM - Successful $3M Share Placement - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Wed, 20 Feb 2008 05:30PM	EXM - Exploration Update - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Fri, 9 Nov 2007 11:30AM	EXM - Update on Upcoming AGM and Drilling - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Thu, 27 Sep 2007 05:15PM	EXM - Tennant Creek Drilling Programme - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Fri, 20 Apr 2007 11:30AM	EXM - Acquisition of Tanami Gold Interests - Mr Alex Bajada, MD
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Mon, 24 Nov 2008 01:00PM 01:00PM Australia/WA	Annual General Meeting The Metro Hotel, 61 Canning Highway, South Perth, WA
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Mon, 17 Mar 2008	Interim Results
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Fri, 30 Nov 2007 10:00AM	Annual General Meeting Suite 4, 16 Ord Street West Perth WA
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Fri, 16 Mar 2007	Interim Results
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Wed, 24 Jan 2007	Quarterly Production Date
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Fri, 29 Dec 2006 10:00AM	Annual General Meeting Metro Hotel, 61 Canning Highway South Perth WA
EXCALIBUR MINING CORPORATION LIMITED (EXM)	Wed, 29 Mar 2006	Interim Results
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EXCALIBUR MINING CORPORATION LIMITED (EXM)

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INTERVIEW WITH ALEX BAJADA, MANAGING DIRECTOR OF EXCALIBUR MINING CORPORATION LIMITED (EXM)

“Extensive Drilling Leads to Encouraging Results”

http://www.brr.com.au/event/48891

 

FRIDAY, AUGUST 1, 2008, 3:45 PM.

 

            BRR    Good afternoon and welcome to Boardroom Radio. Today, we are speaking with Mr. Alex Bajada, Managing Director of Excalibur Mining Corporation.

10                    Thanks for joining us today, Alex.

            EXM     Thanks, Eddie.

 

            BRR    Alex, we see in the quarterly report today released by Excalibur that the Company has been fairly strong in its drilling activity over the quarter. What

15                    can you tell us the results have been and what has come out of this quarter?

            EXM     It has been a very, very active quarter. There is no doubt about that. At times, we have had three rigs working up there at Tennant Creek, and quite frankly, a lot of listeners would appreciate that getting access to good drilling companies to come and work your sites is particularly difficult. We have been

20                    very fortunate, I guess, but being in Tennant Creek, you actually have a lot of infrastructure and it is actually quite attractive to actually get people working in that particular area because accommodation and transportation, everything else is readily there, and we actually are only about probably 10 to 12 kilometres out of the town. So for a small exploration company, I suppose our

25                    location is particularly ideal. What we have probably had a degree of frustration in terms of getting the flow of results that we would have liked to have had, we now have changed the laboratories that we are using and we are expecting to get a far bit of flow of information from our drilling successes, if you like. We have now really, not only through the quarter but as a

30                    subsequent position, we have probably just about completed our planned drilling program for the moment because we had planned to do 15,000 metres of drilling, we have probably now completed close to 17,000. We have gotten down extra drilling on top of what we had planned. The Company is really now into a period of evaluation which is very, very important, to now sit

35                    back and pull in all the results and carry out some resource estimates and upgrades, and indeed, our next set of drilling sort of targets will be based on what we have actually managed to assess out of this current program. Perhaps the most outstanding feature of what we have achieved has been the relatively high incidence of very high grades of gold at shallow dips, and I

40                    am very, very happy with the results that we have achieved to date. I also noticed that another company close to us, Emmerson, has also come in with some very high grades at shallow dips. I think it all goes to show that despite the fact that Tennant Creek was really perhaps one of the highest, if you like, highest grade production areas in Australia 20 or 30 years ago, the program

45                    that we are carrying out, which other companies are doing out there, is basically showing that there is a hell of a lot more gold still there. The fact that it is a shallow dip makes it obviously very compelling for investors because they all know that the cost of open cut mining are much, much less than actually going too deep. So what we are really looking at right now is the evaluation of a number of areas there where we could really make some interesting resource evaluations, etc.

 

                        The other aspect of our program obviously is our drilling down the Juno mine

5                      and drilling down to the M10 level. A lot of those results are not back yet, but I am very, very confident that we are going to get some very interesting results out of that particular part of the program.

 

                        The other area of excitement, really I suppose, is when we released some of

10                    our investigations into the copper levels that we have in some of our holes and the grades of copper are very, very exciting.

 

                        So at the end of the day, it has been a very, very interesting quarter. We have done a lot of the work. Now, from here on in, it is evaluation time and we will

15                    keep the market fully apprised as we come through with the information, but the market needs to understand and the shareholders need to understand that when you are actually putting together these upgrades of resources and really working through to get the true value and meaning of the results, it is not an overnight job. There is a lot of technical work that is involved, and any

20                    of the work that we do, we get checked over independently and make sure that before we come out and make any statements that we are very, very sure of our ground when we are saying that we have a particular resource there. So it is going to take a bit of time and a lot of work, but that is the program that we have in store now over the next month or two, and obviously,

25                    we will keep the market informed as we go.

 

            BRR    It definitely sounds like some busy times at Excalibur Mining there, Alex, but in same, that is also very encouraging. Thank you very much for your time today and we look forward to hearing from you soon.

30        EXM     Thanks very much, Eddie.

 

            BRR    That was Mr. Alex Bajada, Managing Director of Excalibur Mining Corporation. If you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I am Eddie

35                    (inaudible) (0:06:15) and thank you for listening to Boardroom Radio.

 

INTERVIEW CONCLUDED

 

 

 

 

Contact brr@brr.com.au for more information

 

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