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.