In March 2010, Newgenco Exploration (West Africa) Pty Ltd (‘NEWA’) signed a 2-year strategic exploration targeting alliance with TSX- and LME-listed First Quantum Minerals to explore for large magmatic nickel-copper-platinum group element  (Ni-Cu-PGE) sulphide resources across a number of countries in West Africa.

First Quantum is one of the world’s fastest growing copper producing companies with a developing commitment to nickel production through its 100% ownership of the Kevitsa Ni-Cu-PGE deposit in northern Finland and the Ravensthorpe Ni-Co laterite operation in Western Australia.

The Newgenco group is currently preparing for the 2010 exploration field season in Scandinavia in the framework of its Targeting Alliance with First Quantum Minerals.

Personnel responsible for the program are:

Rebecca Sproule – Exploration Manager, Newgenco Exploration (Fennoscandia) Pty Ltd

John Simmonds – Managing Director, Newgenco Pty Ltd

In October 2008, a 3-year exploration targeting alliance was initiated between Newgenco Exploration (Fennoscandia) Pty Ltd and TSX- and LSE-listed First Quantum Minerals, to explore for large magmatic nickel-copper-platinum group element sulphide (Ni-Cu-PGE) deposits iN Finland, Norway and Sweden.

First Quantum is one of the fastest growing copper producers in the world and 100% owner of the Kevitsa Ni-Cu-PGE deposit in Finland.