The feasibility study will focus on developing the Serrote deposit as an open pit minethat will supply sulphide ore to a flotation concentrator. The mine plan will be based on delivering approximately 12 million tonnes per annum of ore to the crusher. Copper concentrate with gold credits, as well as a magnetite concentrate will be produced. The Company expects to commence negotiations for project financing and development during 2012, with a construction decision to follow later that year.