Hindustan Copper Limited - Exploration MOU

IRL had the benefit of a Memorandum of Understanding (MOU) for general exploration on HCL’s various leases including tenure around the Surda Mine and around HCL’s current operations at Malanjkhand and Khetri until December 2008. IRL undertook detailed evaluation of various exploration areas.   However no economically viable project for IRL was identified. Current June 2009