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Matrix Metals Limited

MT CUTHBERT COPPER PROJECT RAINFALL EVENT

The North West Region of Queensland has experienced a rainfall event over the past few days with in excess 250mm of rain being recorded. The band of storms has extended from the Southern Gulf of Carpentaria to Central West Queensland with the Mt Cuthbert project area being affected.

Due to effects on mining, crushing, stacking and general operations, copper cathode production will be affected.

Further, although fuel and acid stocks were at near maximum capacity prior to the rain, it is possible shortages of fuel, acid and other consumables may occur.

The ultimate effect on copper cathode production for the remainder of December and into January is not quantifiable at this stage.

Operating staff have implemented actions to ensure the effects on production are minimised.

Yours sincerely,

Andrew Chapman
Chief Executive Officer

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MATRIX METALS LIMITED

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Ernst and Young
11 Mounts Bay Road
PERTH WA 6000

Phone: +61 8 9429 2222
Fax: +61 8 9429 2436

Receivers and Managers
Deloitte Touche Tohmatsu
240 St Georges Terrace
PERTH WA 6000

Phone: +61 8 9365 7000
Fax: +61 8 9365 7001
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