FND Finders Res.

RNS Number:9819A
Finders Resources Limited
27 July 2007



                           For Release: 27 JULY 2007


 FINDERS RESOURCES APPOINTS PROJECT MANAGER TO FAST TRACK TRIAL HEAP LEACH AND
                  PILOT PLANT PROGRAM AT WETAR COPPER PROJECT


                 TARGETS FEASIBILITY STUDY COMPLETION MID-2008


Finders Resources Ltd (ASX: FND - AIM: FND) is pleased to announce the
appointment of Grant Harding as Operations Manager, with initial responsibility
for project management and completion of the feasibility study and development
of the Wetar copper project.

Mr. Harding (aged 46), who speaks fluent Bahasa Indonesia, is a qualified
extractive metallurgist and has over 25 years of extensive industry experience
in a range of roles incorporating copper (Ivanhoe Monywa Copper Mine, Myanmar)
and gold heap leach operations, commissioning and project development.

Mr. Harding is resident in Indonesia and his Indonesian experience includes key
development roles in a range of projects including Avocet Mining's Bakan Gold
Project  in Sulawesi, the Mt. Muro gold project in Kalimantan and the Gosowong
gold project in Halmahera.

This appointment follows a decision to accelerate development of a trial heap
leach and pilot plant program at its Wetar Copper Project in Indonesia which
will be of sufficient scale to replicate the full-scale operations planned for
the Kali Kuning deposit.

In its first quarterly report since listing on the ASX last month, Finders said
that the permitting process for on-site test heaps and pilot SX-EW had begun.
Design work on the heaps which would be large enough to validate the commercial
production process was already underway and construction would begin as soon as
the permitting is complete.

The test heap program will comprise several staged 20-25,000t test heaps (to a
maximum of 100,000t) and a 3-5 tonne per day pilot SX-EW plant to produce copper
cathode. The test heaps will allow Finders to optimize several key parameters
related to maximizing copper recovery from the planned commercial operation, and
also provide a vehicle for on-site training for operational personnel.

Managing Director, Chris Farmer, said "Finders are delighted that Mr. Harding
has joined as project manager and the management team looks forward to working
with him. Grant brings a great deal of development expertise to Finders as we
push forward towards commercial production at the Wetar Copper Project."


Background:

Finders Resources Ltd, (Finders) first listed on AIM in March 2006, and on the
ASX, raising AUD 6 million on June 8 2007. Current market capitalization is
AUD$50 million.

Finders is the operator of the Wetar Copper (73% and earning) and Ojolali
Gold-Silver Projects (72% with option), both in Indonesia and holds an
investment in Geopacific Resources NL, an ASX-listed company.

At the Wetar Copper Project, Finders has previously announced Measured,
Indicated and Inferred Resources at a 0.5% copper cut-off grade, of 9.8 million
tonnes at 2.5% copper for 248,000 tonnes contained copper in two deposits, Kali
Kuning and Lerokis.

Heap leaching has been selected as the preferred process route for the Wetar
Copper Project due to comparable copper recoveries and lower capital and
operating costs than other process alternatives.

The Directors' preliminary estimates indicate a 40% reduction in both capital
(US$65M) and operating costs (US$0.50c/lb) for a heap leach with on site SX/EW
plant, compared to the previously announced Scoping Study base case involving
concentrate production and off-site hydrometallurgical production of copper
cathode.

Copper recoveries in excess of 80% have been attained in bench leach test work
for both the Kali Kuning and Lerokis deposits. These encouraging results are
being followed up with 5m column tests.

The corporate target for the Wetar project remains the completion of a
definitive feasibility study for a 20-25,000 tonnes per annum copper cathode
operation at Wetar by mid 2008 and commercial production by 2009.

For further information on results previously reported and a full resource
statement please visit our website www.findersresources.com



For further information please contact:



Finders Resources Ltd:
Russell Fountain, Executive Chairman, +61 (0) 2 9211 8299
Chris Farmer, Managing Director, cbf@findersresources.com


Financial PR:
Doug Macdonald, +61 (0) 424 255 959, Capital Group (in Australia)
Paddy Blewer or Nick Elwes, 020 7457 2020, College Hill (in the UK)


RFC Corporate Finance Ltd - Nomad and Corporate Adviser:
Rob Adamson, +61 (0) 2 9250 0000 or Stuart Laing, + 61 (0) 8 9480 2500





Statements by Finders Resources Ltd



Geological information in this announcement is based on information compiled by
Dr R Fountain who is a Fellow of the Australasian Institute of Geoscientists and
a Director of Finders. Dr Fountain has sufficient experience that is relevant to
the styles of mineralization and types of deposits under consideration and to
the activity that he is undertaking to qualify as Competent Person as defined in
the JORC Code. He consents to the inclusion in this announcement of the matters
based on his information in the form and context in which they appear.

Statements in this document that are forward-looking and involve numerous risks
and uncertainties that could cause actual results to differ materially from
expected results are based on the Company's current beliefs and assumptions
regarding a large number of factors affecting its business. Actual results may
differ materially from expected results. There can be no assurance that (i) the
Company has correctly measured or identified all of the factors affecting its
business or the extent of their likely impact, (ii) the publicly available
information with respect to these factors on which the Company's analysis is
based is complete or accurate, (iii) the Company's analysis is correct or (iv)
the Company's strategy, which is based in part on this analysis, will be
successful.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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