Sandfire holds a 38% interest in Toronto-listed copper-gold explorer WCB Resources Ltd (TSX-V: WCB), which it acquired by subscribing for shares in a A$5.9 million private share placement.  

WCB is earning a 70% interest in the Misima Project, located on Misima Island in Papua New Guinea, through a joint venture with Pan Pacific Copper, an integrated copper mining and smelting company that is jointly owned by JX Nippon Mining & Metals Corporation and Mitsui Mining & Smelting Company Ltd.

Further details can be found in WCB's News Releases, which are available at the WCB Resources website, www.wcbresources.com.