In addition to the Marodambo Project in Madagascar acquired in late 2009, the Directors will continue to seek further acquisitions within the sectors of mineral exploration and mining.
The Directors believe that their broad collective experience in this sector of exploration and mining will enable the Company to achieve its ongoing further objectives.
Investment propositions will be evaluated when the Directors clearly consider that enhanced values may be achieved. A particular criteria will be to identify investments where the Directors
believe that their expertise and experience can be deployed to facilitate growth or unlock value. There is no limit in the number of projects in which the Company maybe interested regards to investment.
The Directors will conduct initial due diligence appraisals of such potential projects and where they believe further investigation is warranted, they will appoint suitably qualified, and where appropriate,
independent persons to assist.
The Directors intend to be involved and active. Accordingly, the Company is likely to seek participation in the management of the board of directors of a company in which the Company
invests with a view to improving its performance and use of its assets in such ways as should result in an increase in the value of such a company. The Directors hope that the resulting benefit
would provide a satisfactory return to the Company’s Shareholders.