Nevsun Resources Ltd. (Nevsun) is engaged in the development of the Bisha Project in Eritrea, located in northeast Africa. The Company is a gold and base metal explorer/developer with a focus on developing mining projects in Africa. Nevsun is focused on advancing its high grade gold, copper and zinc Bisha Project in Eritrea. The mining license covers an area of 16.5 square kilometers (includes the Bisha Main Zone deposit and the Northwest Zone deposit) within a mining agreement area of approximately 39 square kilometers. The Company retains an exploration license of approximately 94.5 square kilometers which includes the Harena deposit. During the year ended December 31, 2008, the Company sold all of its interests in its Malian assets.