PanAust Limited (PNA)

June 2010 Quarterly Report

22 July 2010 - Managing Director: Gary Stafford

PanAust MD Gary Stafford presents the June 2010 Quarterly Report and discusses: Strong operating performances continued at Phu Kham; third consecutive quarter of plus-16,000t copper in concentrate production; Phu Kham Ore Reserve increased by 17%; potential for further increases indicated by resource extension drilling to the north of Phu Kham; Ban Houayxai Gold-Silver Project - early implementation earth works and construction of the new access road largely completed.