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Polo Resources Limited is an AIM listed mining and exploration group focused on investing in or acquiring and developing advanced stage uranium assets. It currently has an investment portfolio of uranium and coal interests, and 50% of a joint venture with Peabody Energy Corporation, formed to hold all of Polo’s coal and uranium assets in Mongolia.

Polo’s assets comprise significant stakes in three listed uranium and/or coal companies and a joint venture with major US coal miner Peabody Energy Corporation (NYSE:BTU) in Mongolia.

URANIUM

• Extract Resources Ltd , operator of the Rossing South uranium discovery in Namibia

COAL

• Caledon Resources Ltd is an Australian and AIM listed coal miner operating in the prolific Bowen Basin of Queensland
• GCM Resources plc , an AIM listed coal explorer focused on the development of the Phulbari Coal Project in Bangladesh

Polo’s joint venture with Peabody Energy Corporation covers 58 coal and 25 uranium licenses spread throughout Mongolia, with Peabody having bought its way in to the venture by providing funds for at least the next 2 years of exploration and development.

For further information on Polo, please click here for the Admission Document. (9.18 MB)