FND Finders Res.

 
TIDMFND 
 
17th March 2009 
 
                      FINDERS RESOURCES LIMITED 
 
          WETAR COPPER PROJECT- LME GRADE A QUALITY PRODUCT 
 
Finders Resources Ltd. (FND)  is pleased to  announce that the  first 
shipment of  61  tonnes of  copper  cathodes from  the  Wetar  Copper 
Project  in  Indonesia  has  exceeded  LME  A  Grade  Copper  Cathode 
specifications.. For both  FND and  our partner  PT Batutua  Kharisma 
Permai, this marks another key  milestone for the development of  the 
Wetar copper project. 
Assay reports received from  Copper Refineries Pty. Ltd.  Townsville, 
Queensland for each of the three lots in the first shipment had  very 
low impurities and comfortably meets  the quality standard for LME  A 
grade copper (BS EN 1978:1998). 
Cathode of  this quality  may attract  a premium  price from  buyers, 
especially in Asia. 
The demonstration  plant  and  test leaching  operation  continue  to 
perform  above  expectations,  and  a  second  shipment  of   cathode 
comprising a further 62 tonnes is  in transit to Surabaya via  Kupang 
today. 
 
Chris Farmer, Finders' Indonesian based Managing Director, commented: 
 "The key for any project is to produce a saleable product and  these 
assays confirm  that  our  cathode  quality is  very  good.  This  is 
especially comforting since  the assayed  cathode is  from our  first 
batch of test production and drawn  from the ramp-up phase when  most 
quality issues are likely to eventuate." 
 
For further information please contact 
 
Finders Resources Ltd: 
Russell         Executive Chairman          +61 2 9211 8299 
Fountain 
Chris Farmer    Managing Director           info@findersresources.com 
 
Financial PR: 
Doug Macdonald  Capital      Group      (in +61 424 255 959 
                Australia) 
Nick Elwes      College Hill (in the UK)    +44 20 7457 2020 
 
RFC Corporate Finance Ltd - Nomad: 
Rob Adamson     Managing Director           +61 2 9250 0000 
Stuart Laing    Executive Director          +61 8 9480 2500 
 
FinnCap -  Finders' Broker for the AIM market: 
Mathew Robinson Corporate Finance Director  +44 20 7600 1658 
Joe Lunn        Analyst                     +44 20 7600 1658 
 
 
 
Background on Finders Resources 
Finders, listed on AIM and ASX,  is the operator of the Wetar  Copper 
(92% and  earning),  and  Ojolali  Gold-Silver  Projects  (72%  with 
option) in Indonesia, and holds an investment in Geopacific Resources 
NL, an ASX-listed company with  active exploration programs for  gold 
and copper in Fiji. 
 
At the Wetar Project,  as part of a  definitive feasibility study,  a 
demonstration SX-EW plant with 5t per day copper cathode capacity was 
commissioned in  early  February 2009  and  is permitted  to  process 
100,000t of  ore  from  the  Kali Kuning  deposit.   The  Company  is 
targeting commercial production of 20-25,000 tonnes per year  cathode 
by early  2010,  subject  to accelerated  schedules  for  engineering 
design work and project funding. 
 
At the Ojolali Project,  Finders controls what it  considers to be  a 
major new  epithermal  gold district,  and  has been  undertaking  an 
extensive  exploration  program   comprising  detailed  drilling   to 
establish an initial mining resource, supported by extensive  surface 
geophysical and geochemical surveys. Finders believe that the Ojolali 
project has strong potential to generate short-term cash flow through 
open pit CIL/CIP development of the gold resource at the Jambi  Oxide 
gold deposit. 
For further information  on results  previously reported  and a  full 
resource statement please visit our website www.findersresources.com. 
 
 
 
Disclaimer 
This announcement  may or  may not  contain certain  "forward-looking 
statements". All  statements,  other than  statements  of  historical 
fact, which address activities,  events or developments that  Finders 
believes, expects or anticipates will or may occur in the future, are 
forward-looking statements. Forward-looking statements are often, but 
not  always,  identified  by  the  use  of  words  such  as   "seek", 
"anticipate", "believe", "plan",  "estimate", "targeting",  "expect", 
and "intend" and statements  that an event  or result "may",  "will", 
"can", "should", "could", or "might"  occur or be achieved and  other 
similar expressions.  These  forward-looking statements  reflect  the 
current internal  projections,  expectations or  beliefs  of  Finders 
based on information  currently available to  Finders. 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. Finders expressly  disclaims any obligation to  update 
or revise any such forward-looking statements. 
 
=--END OF MESSAGE--- 
 
 
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