Jaguar's focus has landed on 5 target projects. Previously under the control of well regarded Herald Resources Ltd ("Herald"), these projects have met the high standards of Herald's selection criteria. The Directors of Jaguar consider the projects to have a high degree of prospectivity each with potential for positive exploration success. The Company will also continue to look to expand its portfolio if or when new opportunities arise.

The Company's aim is to bring the Mirabela nickel saprolite deposit into production as quickly as possible to take advantage of the strong nickel price outlook. It is expected the nickel price will remain above its long-term average for another two to three years, and possibly longer. Successful development of this project will generate substantial cashflow for the Company with relatively low capital outlay.

Meteoric has acquired the rights to earn a majority interest in eight exploration projects from Image Resources NL (Image) with the potential to contain one or more significant high-value gold or copper-gold deposits.

The Board believes that the combination of Meteoric's portfolio of projects and the discovery and project generation track-record of its management, when capitalised via the Offer, augurs well for prospects and growth. The Company's vision is to become a successful and profitable mineral producer through a determined, focused, persistent, cost-effective and innovative exploration approach.

It is Elixir's primary business objective to rapidly build a North Sea oil & gas exploration company with a portfolio of prospective Blocks on ground floor terms. Granby, working with Elixir, will then evaluate and mature the prospects to farm-out prior to drilling. It is not the intention of the Board to fund the full cost of wells but rather obtain farm-in partners so that Elixir is carried. In situations where the Board considers the risk/reward ratio attractive, it will fund a portion of a well to retain a greater interest in the Block/prospect.

Perseus has a number of prospects in West Africa and Central Asia with the potential to host multi-million ounce gold deposits. The Tengrela project in Côte d'Ivoire, Grumesa in Ghana and Savoyardy and Kyldoo in the Kyrgyz Republic all have identified drill targets. These projects all lie within major gold belts which host world class gold deposits and form the foundation of a highly attractive tenement package, justifying substantial exploration programs.

Quay Magnesium Limited (QML) proposes to raise $45 million to fund the design, construction and commissioning of a 30,000 tonne per annum high grade magnesium alloy plant in the city of Nanjing, China. The Plant will be designed to produce the higher quality, high performance, magnesium alloys that are in demand by the automotive and aerospace industries both now and in the future.