7 April 2009

Inspicio wins Gold Contracts

Inspicio company, Inspectorate Australia (Kalassay), wind two new Gold Contracts

The Boddington Gold Mine is a Gold / Copper mining operation in the south of Western Australia, with a mine life of 20 years and an annual capacity of 35 million tonnes of ore, producing 850,000 ounces of Gold and 30,000 tonnes of Copper.

The first contract has an initial period of three years, with contract extensions in two year blocks. It covers a range of services in the areas of grade control assaying for gold and base metals.

The contract award follows a lengthy pre-qualification and tender process in late 2007. The contract was not finalised until late 2008. In the intervening period, Kalassay performed the assaying role on an informal basis, adding significant turnover to, the then recently-established, Perth Assay Laboratory.

The second contract covers a range of services in the areas of production plant monitoring, bullion assays, metallurgical test work and metallurgical accounting.

Again, this contract follows a lengthy and highly-technical pre-qualification and tender process, which commenced in late 2007, and not finalized until March 2009. Samples covered under this contract are expected to commence in May 2009.

Doug Johnson, our Inpectorate General Manager in Australia, explained that to execute the scope of works of the contracts, some additional capacity and capabilities were required to be added to the Perth Assay Laboratory, including a completely new metallurgical laboratory.

Doug also informs us that Inspectorate is currently in discussions with the Boddington Gold Mine Management Company, regarding services related to the shipment of Copper Concentrates through the Port of Bunbury in Western Australia.

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Inspicio Ltd

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London

WC2N 6DF

Tel: +44 (0) 20 7004 2780
Email: askus@inspicio.com