Minelab Spearheads Revolution in Gold Detection

LISLE, Ill. --(Business Wire)--

Minelab, the global leader in gold detection technology and hand-held metal detector devices has announced the establishment of a Gold Mining division to support artisanal small scale gold miners and prospectors around the world. The announcement was made at the Mining Indaba conference in Cape Town, South Africa, today.

The recent discovery of a 5.5kg gold nugget in Ballarat, Australia at 60cms depth by a prospector using a Minelab GPX 5000 hand-held gold detector illustrates the benefit of Minelab's cutting edge technology in the pursuit of gold. The Ballarat nugget was valued in excess of US$300,000.

Prospectors across Central and Latin America have also tasted success with the GPX 5000 gold detector. Recently a prospector in Venezuela discovered 30g of gold at a depth of 150cms and in Brazil a 2g nugget was discovered using Minelab's gold detecting technology.

Minelab launched its first hand-held gold detector in Australia in 1985 and over the past 28 years has been at the forefront of metal detector design and innovation. Minelab's new Gold Mining division will provide dedicated support to the worldwide small scale gold mining market and its communities.

Peter Charlesworth, General Manager Minelab said:

"The new Gold Mining division consists of a specialised portfolio of products, accessories and support services which include on and off field training allowing us to provide expert advice on the best use of Minelab's gold detectors so that miners can produce results in the toughest of mineralized soil conditions, in a cost effective way and with minimal disruption to the environment.

In areas where traditional subsistence mining has taken place for generations, Minelab has introduced cutting edge technology and provided training and support to enable these communities to transform their gold mining activities and their lives for the better. Across the globe Minelab's technology is making a difference toartisanal small scale gold miners by increasing efficiency, productivity and safety.

We are very excited about our new Gold Mining division and believe that with our dedicated products and training programmes, safe, effective and profitable gold mining is only a step away for any serious prospector."

Sheila Kelleher, General Manager of Minelab's Gold Mining Division, commented, "Mining Indaba is the perfect platform for us to launch our Gold Mining Division. The conference attracts a global audience focused on developing and investing in an industry that affects so many people's lives. We hope that Minelab's Gold Mining contribution will continue to build the connections between Prospecting, Community and the Environment by advancing the usage of Minelab's hand-held gold metal detector technology and in turn make a difference to the lives of the businesses and communities we work with."

Enquiries:

For more information on where to buy: www.minelab.com/gold-mining/where-to-buy

Additional Information:

About Minelab's Hand-held Gold Detector Technology

Minelab launched its first hand-held gold detector in the Australian market in 1985. Designed by renowned physicist Bruce Candy, it revolutionized the prospecting world with its ground breaking technology which allowed alluvial nugget gold (from sub-gram size) to be detected in highly mineralized ground. Minelab products lead the field in their ability to 'see through' the ground and remain sensitive to even the smallest deposit of gold at unbelievable depths.

About Minelab's GPX 5000 Gold Detector

Minelab's GPX 5000 is an unbeatable gold detector, capable of finding gold of all sizes - from sub gram nuggets to life changing 'retirement' nuggets and everything in between. It features industry leading MPS, DVT and SETA technology combined with the legendary GPX ability to 'see through' ground mineralization allowing it to achieve excellent depth whilst remaining sensitive to even the smallest nuggets - the GPX Depth Advantage.

About Minelab's Range of Gold Detectors

Minelab's specialist gold detectors are revolutionizing how gold miners search for gold nuggets in some of the world's most difficult soil conditions. From the X-TERRA 705 Gold Pack for beginner prospectors, to the Eureka Gold for the more experienced user, to the ultimate in gold prospecting performance - the GPX 4800 and GPX 5000. Each detector showcases unique functions and benefits but all contain world-first technology and come with the Minelab guarantee of the highest performance in even the toughest gold prospecting conditions.

About Minelab

Minelab is an Australian-built, multi-award winning business that has successfully scaled world markets to command global leadership in its key areas of operation. Based in Torrensville, South Australia with regional headquarters in Cork, Ireland and Chicago, U.S. the company specialises in advanced electronic technologies. Since its origins in 1985 Minelab has been the world leader in providing metal detecting technologies for consumer, humanitarian demining and military needs. Through devotion to research and development and innovative design, Minelab is today a major world manufacturer of hand-held metal detector products. Over the past 28 years, Minelab has introduced more innovative and practical technology than any of its competitors and has taken the metal detecting industry to new levels of excellence. Minelab is a Codan (News - Alert) Limited company (ASX: "CDA").