Quarterly Activities Report To Australian Stock Exchange Limited For the Fourth Quarter Ended December 31, 2006



    TSX, ASX: AVM
    Common shares outstanding 56.7 million(*)
    All amounts are expressed in US dollars, unless otherwise stated.

    PERTH, Australia, Jan. 30 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM),
("Anvil" or "the Company") and including its subsidiaries ("Group") is pleased
to report on the activities of the Group for the fourth quarter ended
December 31, 2006 in accordance with ASX Listing Rule 5.1. The audited
Financial Statements and Management's Discussion and Analysis required under
Canadian National Instrument 51-102 will be available on the SEDAR website at
www.sedar.com and on the Company's website at www.anvilmining.com during the
first week of March 2007.

    
    Fourth Quarter Activity Highlights

    -   Quarterly copper production of 10,523 tonnes of copper contained in
        concentrates and the production of 569,655 ounces of silver, for
        annual copper production of 42,574 tonnes of copper contained in
        concentrates and the production of 2,174,448 ounces of silver
        contained in concentrate.

    -   Updated Mineral Resource estimate for the Kinsevere Project that
        resulted in a 307% increase in contained copper metal for the
        Measured and Indicated resource categories, and a 422% increase in
        the Inferred resource category, compared to the 2005 year end
        estimate.

    -   Updated Mineral Resource estimate for the Dikulushi copper-silver
        mine that resulted in a 31% increase in contained copper metal for
        the Measured and Indicated resource categories, and a 114% increase
        in the Inferred resource category, compared to the 2005 year end
        estimate.

     -  Global Measured, Indicated and Inferred resources of two million
        tonnes of contained copper.

     -  The scale of the planned Stage II SX-EW plant at Kinsevere has been
        doubled from 30,000 to 60,000 tonnes per annum of copper, and this is
        currently the subject of a feasibility study.

    -   The Stage III Dikulushi decline for the underground mine development
        had progressed to a total advance of approximately 720 metres as at
        the end of December.

    -   Agreement reached to acquire an additional 15% interest in the mining
        rights for the Kinsevere-Nambulwa copper-cobalt joint venture, taking
        the Company's interest to 95%.

    -   Acquisition of an additional 10% interest in the Mutoshi Copper-
        Cobalt Project, taking the Company's interest to 80%.
    

    Bill Turner, President and CEO of Anvil, commented, "Again, we delivered
a strong operational year and fourth quarter with a significant increase in
copper and silver production over the previous year. We more than doubled the
copper production due to the start up of the Kulu mine and continuing
improvements at the Dikulushi mine. In 2007, we are expecting to produce a
total of 50,000 tonnes of copper and 1.8 million ounces of silver from the
Dikulushi, Kulu and Kinsevere mines. The Kinsevere mine is expected to be
commissioned during the second quarter of 2007."

    Mine Production & Development

    Dikulushi Mine (90%)

    Mining and processing operations at the Company's Dikulushi mine in the
Democratic Republic of the Congo ("DRC") continued to produce at more than 10%
above the design capacity of 20,000 tonnes of contained copper per annum
during the December Quarter, with production of 5,774 tonnes of copper
contained in concentrates and 569,655 ounces of silver contained in
concentrates. Dikulushi mine production for the past four quarters was as
follows:

    
    -------------------------------------------------------------------------
                    DIKULUSHI MINE PRODUCTION BY QUARTERS
    -------------------------------------------------------------------------
                           March       June  September   December       Full
                         Quarter    Quarter    Quarter    Quarter       Year
                            2006       2006       2006       2006       2006
    -------------------------------------------------------------------------
    Total Ore Processed
     (tonnes)            128,259    135,234    114,154     92,755    470,402
    -------------------------------------------------------------------------
    Head Grade (% Cu)        5.0        4.6        5.6        6.9        5.4
    -------------------------------------------------------------------------
    Recovery in % (Cu)      86.7       89.1       89.5       89.9       88.7
    -------------------------------------------------------------------------
    Copper Produced
     (tonnes)              5,505      5,601      5,738      5,774     22,618
    -------------------------------------------------------------------------
    Silver Produced
     (ounces)            532,842    526,513    545,438    569,655  2,174,448
    -------------------------------------------------------------------------
    

    Feed to the treatment plant consisted of high-grade ore from the open pit
which was blended with ore from the low-grade stockpiles to produce an average
head-grade of 6.9% copper. Open pit mining at Dikulushi ceased in November,
2006, with all feed to the plant now sourced from the Run of Mine stockpile of
high-grade ore and stockpiles of low-grade ore. There is sufficient ore at the
high-grade stockpile to supply approximately 12 months of plant feed and this
will adequately maintain current levels of copper production until the
underground mine comes on stream.
    During the December Quarter, work progressed on the development of the
Stage III underground mine. At the end of the December Quarter, the decline
had progressed approximately 720 metres into the footwall on the northern side
of the open pit. The first ore was encountered in the underground development
during December, and was consistent with expected grades. Production from the
underground mine will commence during the fourth quarter of 2007, building up
to full scale production in the first quarter of 2008.
    An updated Mineral Resource estimate, based on a revised geological
interpretation and assay results from a deep diamond drilling program, was
announced in November, 2006. This program, which targeted the Dikulushi
orebody between 300 and 400 metres below surface, was completed during the
December Quarter. The recent drilling has resulted in a substantial increase
in all resource categories with a 31% increase in contained copper metal for
the Measured and Indicated resource categories, and a 114% increase for the
Inferred resource category, compared to the 2005 year end estimate.

    Kulu Mine (80%)

    The Kulu Heavy Media Separation (HMS) processing operation, located in
the Kolwezi Region of the DRC, produced a total of 4,749 tonnes of copper
contained in oxide concentrates for the December Quarter.
    Kulu mine production for the first four full quarters since commissioning
in December 2005, was as follows:

    
    -------------------------------------------------------------------------
                       KULU MINE PRODUCTION BY QUARTERS
    -------------------------------------------------------------------------
                           March       June  September   December       Full
                         Quarter    Quarter    Quarter    Quarter       Year
                            2006       2006       2006       2006       2006
    -------------------------------------------------------------------------
    Total Ore Processed
     (tonnes)             51,808     80,848     82,424     92,509    307,589
    -------------------------------------------------------------------------
    Head Grade (% Cu)        8.0        8.5        8.2        7.6        7.6
    -------------------------------------------------------------------------
    Recovery in % (Cu)      58.0       72.6       70.1       62.6       66.5
    -------------------------------------------------------------------------
    Copper Produced
     (tonnes)              2,388      5,009      4,711      4,408     16,516
    -------------------------------------------------------------------------
    Artisanal Copper
     Produced                244        488      2,367        341      3,440
    -------------------------------------------------------------------------
    Total Copper
     Produced              2,632      5,497      7,078      4,749     19,956
    -------------------------------------------------------------------------
    

    During the December Quarter, artisanal mining activities, which produced
341 tonnes of copper contained in concentrates ceased, however a stockpile of
concentrate purchased from local artisanal miners remained and is being
progressively run down.

    Kinsevere Project (agreement has been reached to increase the Company's
    interest from 80% to 95%)

    The Stage I development of Kinsevere, which comprises the construction of
an open pit mining operation, HMS plant and an Electric Arc Furnace (EAF) for
a capital expenditure of $35 million, is approximately 65% complete.
    Design of the crushing circuit and HMS plant is now almost complete, with
only a small amount of design detail outstanding. Kinsevere Stage I is
expected to be commissioned in late April 2007, the minor delay due primarily
to poor weather conditions, and industry wide issues associated with supply of
materials. Keech Furnace Technologies, who have been engaged to design and
supply two 7.5 MVA Electric Arc Furnaces are progressing with design work and
current indications are that the EAF building and supporting civil engineering
works will be completed by the end of April, 2007. Powerline Africa which has
been engaged to construct the 120 KVA power line which will link Kinsevere to
the DRC national hydro-electric grid has delivered equipment to site and has
commenced clearing works. An agreement was signed with SNEL (the DRC
electricity company) in December 2006 for the supply of electrical power
sufficient to support the planned Stage II Solvent Extraction and
Electrowinning (SX-EW) development.
    The drilling results from the Tshifufia Deposit at Kinsevere have
exceeded the Company's expectations and, due to the size of the latest Mineral
Resource estimate and the significant further potential that exists, the scale
of the planned Stage II SX-EW plant has been doubled from 30,000 to
60,000 tonnes per annum of copper. Given this unexpected, but positive change
in plan, the Feasibility Study on the Stage II SX-EW development will now be
completed during the second quarter of 2007. Lycopodium Pty Ltd, an
engineering company based in Perth, Western Australia has been retained to
complete preliminary design and costing of the Kinsevere Stage II SX-EW Plant.

    Exploration

    Kinsevere Project (Lubumbashi Region)

    The previous Mineral Resource estimate for the Kinsevere Project, which
was announced in November 2005, was based on the Phase 1 drill program of
approximately 8,000 metres carried out on the Tshifufia, Tshifufiamashi and
Kinsevere Hill deposits. The 2006 Phase 2 drill program of 17,220 metres,
which focussed entirely on the Tshifufia deposit, increased the Measured,
Indicated and Inferred resources to 1.58 million tonnes of contained copper,
from 348,400 tonnes of contained copper metal at 2005 year end. Phase 2
drilling on the neighboring Tshifufiamashi and Kinsevere Hill deposits will be
undertaken in 2007, with a recently completed ground magnetic survey over the
Kinsevere mining lease used to assist in identification of drilling targets.

    Dikulushi

    The deep drilling program at Dikulushi completed earlier in 2006
demonstrated that the deposit extends to at least 400 metres below surface,
and there is evidence to indicate that further potential exists in eastward
plunging high-grade shoots. This potential is being tested with a new drilling
program that commenced in December 2006. Ground magnetic surveying of a number
of geochemical targets that occur within 5 kilometres of the mine is also
underway and drill testing of these targets will take place in 2007. In
addition, a 30,000 line kilometre airborne regional magnetic and radiometric
survey commenced in December to assist in the definition of new exploration
targets, with 7,700 line kilometres of a planned 30,000 line kilometres
completed by the end of 2006.

    Mutoshi Project (Kolwezi Region)

    The Phase 1 scope drilling program at Nioka continued during the December
Quarter, comprised of 3,620 metres of Reverse Circulation drilling and an
additional 370 metres of Diamond drilling. This scope drilling is expected to
be concluded during the first quarter of 2007.

    Corporate

    Financing - Mutoshi Acquisition

    During November, the Company completed the acquisition of an additional
10% interest in the Mutoshi Copper-Cobalt Project located in the Kolwezi
Region of the DRC. The additional interest was acquired through the purchase
of the remaining 12.5% interest in Emiko s.p.r.l. ("Emiko") not held by Anvil,
taking Anvil's interest in the joint venture from 70% to 80%. La Générale des
Carrières et des Mines ("Gécamines") holds the remaining 20% of the joint
venture.

    Financing - Kinsevere Acquisition

    In early January, the Company entered into an agreement to acquire an
additional 15% interest in the mining rights for the Kinsevere-Nambulwa
copper-cobalt deposits located 27km north of Lubumbashi, the provincial
capital of the Katanga Province of the DRC. The additional interest will be
acquired from Mining Company Katanga s.p.r.l. ("MCK"), a private DRC company
that is Anvil's joint venture partner in the Kinsevere-Nambulwa project.
Anvil's interest in the Kinsevere-Nambulwa Joint Venture will increase from
80% to 95% on closing of this transaction. Under the terms of the agreement,
Anvil will pay a total of $45 million in cash and common shares for this
additional 15% interest in the project.

    Anvil Mining Limited is an unhedged copper and silver producer whose
shares are listed for trading on the Toronto Stock Exchange (as common shares)
and the Australian Stock Exchange (as CDIs) under the symbol AVM. It owns and
operates the Dikulushi copper-silver mine and the Kulu copper tailings
operation in the Katanga Province of the DRC. In addition, the Company is
currently developing the Kinsevere project as the Company's third mine in the
DRC.

    
    (*) One common share on the Canadian share register is equivalent to
        10 CDIs (Chess Depositary Instruments) on the Australian register.
    

    Additional Notes: The information in this news release that relates to
in-situ Mineral Resources is based on information compiled by Gerry Fahey of
FinOre Pty Ltd. Gerry Fahey is a Chartered Professional and a member of the
Australasian Institute of Mining and Metallurgy, and a member of the
Australian Institute of Geoscientists, and has sufficient experience, which is
relevant to the style of mineralization and type of deposit under
consideration, and to the activity he is undertaking, to qualify as a
Qualified Person in terms of the Canadian National Instrument 43-101. Gerry
Fahey consents to the inclusion of such information in this news release in
the form and context in which it appears.

    Caution Regarding Forward Looking Statements: The forward-looking
statements made in this news release are based on assumptions and judgments of
management regarding future events and results. Such forward-looking
statements, including but not limited to those with respect to the operation
of the Dikulushi and Kulu mining and processing operations, the development of
the Kinsevere deposits and estimated future production involve known and
unknown risks, uncertainties, and other factors which may cause the actual
results, performance or achievements of the Company to be materially different
from any anticipated future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, among
others, the actual market prices of copper and silver, the actual results of
current exploration, the actual results of future mining, processing and
development activities, changes in project parameters as plans continue to be
evaluated, as well as those factors disclosed in the Company's filed
documents.

    %SEDAR: 00020549E




For further information:

For further information: Craig Munro, Vice President Corporate & Finance
and CFO, Tel: +61 (8) 9481 4700, Email: craigm@anvilmining.com (Perth); Robert
La Vallière, Vice President Investor Relations, Tel: (Office) (514) 448-6664,
(Cell) (514) 944-9036, Email: robertl@anvilmining.com (Montréal); Website:
www.anvilmining.com

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