TMR 3.03% 16.0¢ tempus resources ltd

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    Its all Positive, Positive.....

    Tamaya Group delivers increases in Production
    • Milling rate at Punitaqui increases to 2230 tpd (22% increase on
    December 07 quarter)
    • Recoveries are running at 76.3% representing an improvement of 4.0% on
    the December 07 quarter
    • Mined production rate has increased to 2015 tpd (90% increase on
    December 07 quarter)
    • Mining is moving into higher grade zones
    • The 3000 tonne per day production rate target is set to be achieved by the
    end of April 2008
    • Investigation underway for 4000 tonne per day production scenario
    following an outstanding open pit exploration discovery at Dalmacia
    Tamaya Resources Limited (ASX:TMR and the “Group”) is pleased to update the market on
    improvements in production from its 100% owned Punitaqui copper mine and processing
    operations in Chile.
    Improvements in the operations in Chile provide the operational and financial platform for the
    Group’s plans for 2008 which include a review of a dual TSX listing and development of the
    Group’s portfolio of copper-gold assets.
    Tamaya’s copper production and its current cash position will fund the Chilean operations
    including an expansive drilling program for 2008-2009, and the Group has mandated
    Nedbank Capital to provide the debt required for the Lichkvaz Project in Armenia.(Tamaya:
    86.2%). The project debt of US$45m will be used to develop the Lichkvaz project.
    The Group does not envisage any capital raising in the immediate future.
 
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