|Nevsun Resources Ltd. (Nevsun) is a gold and base metal mining and exploration company. The Company, through its subsidiaries, is engaged in the acquisition, exploration, development and production of mineral properties. As of December 31, 2011, the Company’s portfolio consisted of the Bisha Property located in Eritrea, North-East Africa with gold, silver and base metal (copper and zinc) mineral resources and mineral reserves. The Bisha Property is located 150 kilometers west of Asmara, 43 kilometers southwest of the regional town of Akurdat, and 50 kilometers north of Barentu, the regional or Zone Administration Centre of the Gash-Barka District, in Eritrea, East Africa. As of December 31, 2011, Bisha was owned by Bisha Mining S.C. (BMSC), held 60% by the Company and 40% by Eritrean National Mining Corporation (ENAMCO). In October 2012, NGEx Resources Inc. sold its Hambok copper-zinc deposit to Bisha Mining Share Company.|
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