Success Track Record

Our ongoing exploration activities have yielded significant success with the gross addition of 33.7 million tonnes to reserves and resources prior to a depletion of 7.1 million tonnes in FY 2010. Contained zinc-lead metal has increased by 3.4 million tonnes, prior to a depletion of 0.8 million tonnes during the same period. Total reserves and resources as at 31st March 2010 were 298.6 million tonnes containing 34.1 million tonnes of zinc-lead metal. The reserves and resources position has been independently reviewed and certified as per the JORC standard.

In FY 2010, a total of 56,400 meters of Brownfield drilling was completed. The success of our exploration efforts has been primarily in the Rajpura Dariba belt (covering Sindesar Khurd and Rajpura Dariba) where we have now established a combined reserve and resource base of 103.03 million tonnes (FY 2009: 83.4 million tonnes). Our exploration results have yielded significant success year on year. The Company has been successful in its exploration efforts with the addition of 185.8 million tonnes of reserves and resources in the period of April 2004 to March 2010, including depletion of 33.4 million tonnes.