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Strategic Growth Plan

Fund Raising

Current: 10/3/2008 - Current Status: Outstanding Shares: Total issued 101m “A” class shares (fully paid @ 10c/share) and 2 Ordinary shares Company value: $10.1m consist of 101,000,002 shares @ $0.10 each

Stage 1: 3-6/2008 - raise $300k by issuing 3m shares at a price of 10c/share Company value: $10.4m Use the funds to conclude JORC (Joint Ore Reserve Committee) compliance of eluvial resource estimate in Siankopo

Stage 2: 7-10/2008 - raise $700k by issuing 3.5m shares at a price of 20c/share Company value: $21.5m Use the funds to start trial mining and processing @ a rate of 30 tonnes of ore per hour

Stage 3: 11/2008-2/2009 - raise $1m by issuing 2.5m shares at a price of 40c/share Company value: $44m Use the funds to increase capacity to 100 tonnes/hour

Stage 4: 5/2009 - list on ASX and raise $50m by issuing 100m shares at 50c/share Company value: $105m Use the funds to increase capacity to 300 tonnes/hour and develop all the mines

 

3 steps to Initial Public Offering :


3 steps to Initial Public Offering

 

Timetable

2008: Conclude resource estimate to JORC (Joint Ore Reserve Committee) level, test works and start trial mining @ 30 tonnes/hour, explorations and execute sales and processing contracts. 2009: pre IPO (Initial Public Offering) drillings, increase mining and processing capacity to 100 tonnes/hour, improve the infrastructure and listing preparations such as issue of prospectus and other legal and accounting requirements, IPO conclusion and start developing the other tenements. 2010: Full scale mining and processing @ a rate of 300 tonnes/hour of ore, deliver to overseas customers and become a major tin supplier.

Cash Flow

Positive cash flow is expected from first half of 2009 after mining of the eluvials has commenced.

 

 
 


Libra Pty. Ltd. A.C.N. 011 076 038  (18 Curlew Place, Riverhills Queensland 4074 Australia) 
email : info@libraminerals.com