Sunday, November 11, 2007

Copper Resources Corporation

Industry: Mining

Main business locations: Democratic Republic of Kongo, Philippines

Registered Office:
Craigmuir Chambers,
P.O.Box 71,
Road Town,
British Virgin Islands

Registration number: 626550

Listed on: London Stock Exchange AIM
Ticker: CRC

Financial highlights:
Total Assets (2006): USD 58,265,000
Total Revenue (2006): USD 11,740,000
Net loss (2006): USD 3,089,000
Shareholder’s equity: USD 42,969,000

Bankers: ANZ Bank

Solicitors: Pinsent Masons

Auditor: Chantrey Vellacott DFK LLP

Name of companyPlace of incorporationOwnership interestPrincipal activity
Hinoba Holdings (Australia) Pty LimitedAustralia100%Secretarial & Administration Offices
African Millennium CorporationBritish Virgin Islands100%Mining exploration
Hinoba Holdings Ltd.Bahamas100%Holding company
Hinoba Holdings (Philippines), Inc.Philippines100%Holding company
Hinoba-an & Sipalay Holdings, Inc.Philippines40%Holding company
Selenga Mining CorporationPhilippines92.5%Mining exploration
Miniere de Musoshi et Kinsenda sarlDemocratic Republic of Congo75%Mining exploration

About the BVI company:

Copper Resources Corporation is the holding company of a group of mineral exploration and development companies. The group owns a 75% interest in Minière de Musoshi et Kinsenda (MMK), which holds three high-grade deposits in the Katanga Province of the Democratic Republic of Kongo. The total recoverable resources of the three properties make 7.2 billion pounds of copper.

The Group is also holding a 92.5% economic interest in one of its principal developments, the Hinoba-an Project, located on Negros Island in the Philippines.

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