Name of the project and location
Frontier copper project, Democratic Republic of Congo.

Project description
The project will involve the greenfield development of all mine infrastructure, including power supply, water supply, offices, workshops and other buildings, mobile equipment and fuel storage, to enable the openpit mining and processing of primary sulphide ore.

Power for the project will be supplied from an existing substation approximately 28 km to the west in Zambia. Water will be supplied from mine dewatering.

The site has the advantage of being relatively close to significant existing mine developments in the Zambian Copperbelt.

The current measured and indicated sulphide resource at a 0,35% copper cut-off totals 182,1-million tons grading 1,16% total copper, which contains 2,1-million tons of copper. In addition to the sulphide resource, the project hosts a measured and indicated oxide/mixed resource at a 0,35% copper cut-off of 26-million tons grading 1,19% total copper, which contains 0,31-million tons of copper.

During the life-of-mine, Frontier is expected to produce 1,43-million tons of copper in concentrate.

Value
The total construction capital cost for the Frontier project is expected to be $226,4-million. Life-of-mine capital for the project is estimated at $448,7-million.

Duration
Commissioning and commercial production are expected in the third quarter 2007.

Breakdown of main contracts
Not stated.

Client
First Quantum Minerals.

Latest developments
None stated.

Participants
None stated.

On budget and on time?
Not stated.

Contact details for project information
First Quantum Minerals, tel +1 604 688 6577, fax +1 604 688 3818 or email info@fqml.com .