CONSOLIDATED INCOME STATEMENT

for the year ended 31 December 2007

		Year ended	Year ended
		31 December	31 December
	Note	2007	2006
		US$000	US$000

Revenue	3	1,617	33
Cost of sales		(914)	-
Gross profit		703	33

Administrative expenses	5	(7,708)	(3,649)
Other operating expenses	4	(9,261)	(5,023)
Exploration and evaluation expenses	5	(617)	-
Profit on disposal of property, plant and equipment		11	23
Operating loss	5	(16,872)	(8,616)

Net finance expense		(152)	(6,632)
Finance income	8	540	225
Finance expense	8	(692)	(6,857)

Loss before taxation		(17,024)	(15,248)

Taxation	9	2,688	1,584
Loss for the year		(14,336)	(13,664)


		US cents	US cents
Basic and diluted loss per share	10	(47)	(66)

The results for the current and prior year arose from continuing operations.