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Polo Resources is committed to creating a major international mining group with a diversified portfolio of uranium and coal projects, ideally at advanced stages of development or in production.

While maintaining its focus on its coal projects and investments, Polo will increasingly seek additional investment opportunities in uranium. This strategy plays to the strength of the management team which has significant experience in the uranium sector including the start-up and development of UraMin Inc. which was acquired by Areva for US$2.5 billion in 2007.

Polo’s strategy relies upon acquiring uranium assets at advanced stages of development. The Company’s key criteria in identifying potential acquisitions and joint ventures are:

• producing assets which offer the scope to increase performance and profitability; and
  
• development and exploration projects that are in areas the Company deems prospective for uranium exploration or which are regions of known existing production.

As the demand for energy rises, particularly in developing economies, an increased reliance on nuclear power generation is expected in the medium and longer term. Looking beyond the volatility that has recently affected the global commodities sector, value predictions for uranium are generally positive and should continue to maintain upward pricing pressure.

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