WTI Wti Oil Etc

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RNS Number : 7988E

Weatherly International PLC

13 April 2011

Weatherly International Plc ("Weatherly" or the "Company")

Operational Update

Highlights

-- First 500 tonne consignment of copper concentrate delivered to Louis Dreyfus

-- Production for remainder of year estimated at 4,500 - 5,000 tonnes

-- Company to issue quarterly production reports commencing July 2011

-- Metallurgical test work on Tschudi ore nearing completion

Central Operations

Weatherly is pleased to announce that its first 500 tonne consignment of copper concentrate has been delivered to the buyer, Louis Dreyfus Commodities, at the port of Walvis Bay. As previously announced mining activities resumed in January, although there have been some delays with the mobilisation of the haulage contractor who only finally commenced trucking late in March.

Fortunately, these transport delays and a prolonged rainy season have had little effect on the overall mine "ramp-up" and there is no change to the previous production forecast of 4,500 - 5,000 tonnes of copper for the remainder of the year. We expect the mine to be profitable in the current quarter and this will be reflected in the Company's annual accounts for the year ending June 30, 2011 to be issued later in the year. We also intend to commence issuing quarterly production reports and the first of these will be published in July 2011.

Tschudi and Tsumeb

At Tschudi (43mt at 0.83% Cu& 10g/tAg), preliminary metallurgical work to determine the optimum process route is reaching its conclusion. Sedgman Engineering is evaluating three process routes as part of the feasibility study. The first route is to heap leach all ore types from the open pit using acid and then process the ore using the SX-EW process to produce an LME-grade copper cathode. The second route, which has the advantage of recovering the silver, would utilise conventional flotation to produce a copper-silver concentrate which would be sold on to smelters. A third alternative which incorporates the retreatment of the old Tsumeb tailings is also being investigated. In this regard, drilling of the Tsumeb tailings has been completed and assay results are expected towards the end of May. This will enable Coffey Mining to complete a fully compliant resource statement.

For further information, please contact:

Rod Webster, Chief Executive Officer, Weatherly International Plc

+44 (0) 20 7917 2989

Samantha Harrison / Jen Boorer, Ambrian Partners Limited

+44 (0) 20 7634 4700

Carina Corbett, 4C Communications (Investor Relations)

+44 (0) 20 3170 7973

This information is provided by RNS

The company news service from the London Stock Exchange

END

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