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Operations

Polo, through its subsidiary companies, holds the right, title and interest in certain licences and agreements in respect of coal, uranium and tungsten assets in Mongolia.  Polo has specifically targeted areas of significant known coal resources that are near the necessary infrastructure to export coal into the growing energy markets of adjacent China and Russia.

In addition, Polo recently signed agreements to purchase 100% of a portfolio of 15 exploration licences in Mongolia. The total area covered by these new licences is 2,274 square km and consists of one iron ore project, seven coal projects and seven uranium projects.

Polo also holds a strategic interest in GCM Resources plc. GCM is a London-based resource development company with a wholly-owned subsidiary operating in Bangladesh and investments in South Africa. GCM is engaged in developing a coal mine and power plant project in Bangladesh.

The Directors continue to review further potential investments and acquisition opportunities which may meet Polo’s investment criteria.

  

Operations

Mongolia:
  - Coal Projects
    ▪ Doshin
    ▪ Altanshiree
    ▪ Khashaat
    ▪ Ereen
    ▪ Union
   - Uranium Projects
    ▪ Dornogovi
    ▪ Dornod
Bangladesh