The current strategy of the Company is primarily as follows:
1. Carry out exploration work programs within its five ELs beyond the minimum licence work commitments and Farmin Agreement funding commitments to seek early results for assessment of prospectivity.
As exploration expands with increasing funding requirements, the Company may consider farming out part of its current interests in the acquired ELs to farmin partners to contribute to the costs of the exploration programs as part of a prudent risk management strategy.
2. Seek to grow by investing in additional ventures in the mining industry in Australia and overseas, including China, and to expand and enhance the Company’s asset portfolio.
In the future, when the Company has identified appropriate new investment opportunities for participation, the Company may have to raise further new capital, debt and/or equity, for example by issuing new Shares.