CuDeco Limited announced that June to date copper production has started off ahead of forecast, including a record day of copper concentrate production of 512 WMT on June 9, 2017, containing circa 126 tonnes of copper metal. Metal production is ahead of June forecast to date, at 776 tonnes of contained metal (forecast 715 tonnes) in 2,682 DMT of concentrate, at an average dry concentrate grade of 29% Cu. These improving results follow recent adjustments to operational plans including changes to mining rates, ore management, mill-feed blending regimes, and process method optimisation after an internal review of operational changes over the last 12 months identified misalignment of some areas of the operation with the original Rocklands Project Master Plan. Metal recovery in May was 67% (April 88%) compared to June to date which is averaging 92%. Processing performance in May was adversely affected by conflicting flotation methodologies caused by blending of ore types which were less compatible than prior testing had indicated. Whilst these ore types can be concurrently fed to the mill, net recoveries have shown to improve significantly if they are batch processed separately within each period. Total ore feed to the Mill for May was 176,556 DMT @ 1.01% Cu (April 196,382 DMT @ 1.00% Cu). Throughput was limited by 3 planned shutdown days, several intra-day shut-down periods, and higher than anticipated maintenance stops. Mining has been underway for almost 3 months now and some 2 million tonnes of rock has been mined from the LM2 Pit to date, including 301,939 tonnes of high-grade ore at 1.41% Cu from total mined ore of 542,043 tonnes @ 0.96% Cu including Blend-grade ore. Exploration activity is currently limited to conserve funds, however low-expenditure activity continues including; Desk-top analysis of the recently completed detailed Helicopter-borne Versatile Time Domain Electromagnetic (VTEMMAX) geophysical survey at Rocklands; Interrogation of the results of RC drilling undertaken on the Company's EPM's under the previous management in late 2016; and Lodgment of Applications for additional EPM's in the Cloncurry region. The 2016 VTEM geophysical survey has highlighted numerous targets of interest, including a large conductive area near the center of EPM 25426. The historic Priceless Prospect corresponds with a north-west contact of this large conductive zone. Drilling of the Priceless Prospect by CuDeco in late 2016 failed to extend known mineralisation along strike of the identified zone of historic activity, however subsequent evaluation indicates drilling may be parallel to the dip of the contact between the conductive zone and adjacent lithology. Investigations will also consider other styles of mineralisation, including on the eastern side of the target which is adjacent to an important regional structure. Another smaller conductive anomaly on the Eastern side of EPM 25426 also corresponds with a major structure of interest, and occurs within the same favorable host lithology as the nearby Rocklands Resource. Immediate plans are to conduct detailed field reconnaissance over these two significant targets including geological mapping and surface geochemical sampling.