eResearch

eResearch

November 17, 2006 13:15 ET

eResearch Issues Initiating Report on Augusta Resource Corporation

TORONTO, ONTARIO--(CCNMatthews - Nov. 17, 2006) - eResearch analysts, Amy Stephenson, MBA, CFA, and Bob Weir, B.Sc., B.Comm., CFA, have written an Initiating Report on Augusta Resource Corporation (TSX:AZC). Augusta Resource is a Canadian mineral exploration and development company with a focus on copper and other base metals in the southwest U.S.A.

In the Report, the Analysts state that the Company's 100%-owned Rosemont Property in Arizona "... has the potential to become one of the largest open-pit copper/molybdenum deposits in the United States."

The Analysts go on to say, "As with all junior mining companies, the shares are a risky investment ... as it is essentially a call on bringing the Rosemont mine to the production stage, which could take up to 5 years." However, "With copper prices at or near historic highs, the economic viability of properties like Rosemont becomes increasingly attractive."

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive Internet distribution network. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Augusta Resource Corporation paid eResearch a fee of C$17,000 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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