The Company was admitted to AIM on 26 August 2004 to pursue a strategy of been to build a portfolio of advanced exploration projects which have the potential to yield significant mineral resources

In the second half of 2007 the Company was presented with the opportunity to extend its interests in the gold sector and to participate in productive or near productive operations by acquiring an indirect equity interest in the Vatukoula Gold Mine of approximately 19%.

In March 2008 the Company acquired the remaining share capital of the Vatukoula Gold Mine, enabling it to have full control over its existing investment in the Mine and to expand significantly its interest in the gold sector.

The investment in the Vatukoula Gold Mine has provided the Company with access to a near term producing asset at a time of prevailing strong gold prices.

The Company's strategy is to build a portfolio comprising of advanced development and production projects in order to provide sustainable cash flow.

The company's near term strategy is to bring the Vatukoula Gold Mine back to full production and profitability, and to exploit any exploration potential at or surrounding the Mine. Currently, there is no plan or intention to hedge the gold production from the Mine.

The Company will consider acquisition opportunities in the global exploration and minerals sector, particularly of undervalued or under capitalized assets.

More widely, the Company's strategy is underpinned by:

• Investing to develop new value adding projects to expand it's portfolio of exploratory and mining concessions;
• Pursuing acquisition and business development opportunities based on leveraging the Company's' core competencies;
• Continuously improving the operating efficiency of existing assets.