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Description of business:
The Company is a mineral exploration and development company operating in Sierra Leone. Its 153 km2 licence is prospective for iron ore and gold. The Directors believe that the key attributes of the Company's project are as follows: - contiguous to a 12.8 Bt operational iron ore mine owned by African Minerals Limited; - dual commodity exposure - iron ore and gold - in a prospective, mineral-rich region; - iron ore exploration target of at least 500 million tonnes @ Fe content in excess of 30%; - probable primary gold deposit and laterite-hosted secondary gold; - defined exploration programme and strategy to prove Mineral Resource; and - experienced team with in-depth knowledge of Sierra Leone and strong local support.

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Sula Iron & Gold plc

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