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Company Profile
The Company aims to provide capital growth for shareholders through the costs effective exploration and development of mineral deposits.
The Company is conducting feasibility studies for development of the world’s largest deposit of tantalum (-niobium and rare-earths) in Saudi Arabia in conjunction with its Saudi joint venture partners and its project portfolio s include world-class exploration targets in the politically stable Nordic countries.
The Directors policy is to progress its “flagship” projects towards production and to maintain a portfolio of grass roots to advanced exploration projects such that the Company has, as far as is possible, mature drill-stage projects at all times and thus continuing exposure to the opportunity for the discovery of commercial ore-bodies.
The Company also works through joint venture or farm-in agreements with other mineral companies on its projects where this would allow it to accelerate exploration and/or development of a project beyond the financial resources available to it, or in order to explore further its projects at minimal cost.
In 2005 the Company sponsored the formation and AIM admission of Sunrise Diamonds plc and remains the major shareholder in that company.r shareholder in that company.
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