Discovery Resources Limited

Company Overview

Discovery Resources Ltd was incorporated on 13 December 2010 for the primary purpose of identifying exploration projects in Africa and elsewhere with the aim of discovering commercially significant mineral deposits.

While the Company's initial exploration focus will be on Rare Earth Element mineralisation (REE), the Company will also review the potential for economic mineralisation of various other commodities.

In the short to medium term after listing on the ASX, the Company intends implementing exploration work programmes on its existing projects while continuing to evaluate additional exploration and other projects both within Namibia and elsewhere that the directors consider could add value for Shareholders. These projects may be commodities other than REE.

The Board and its advisors have extensive networks within the mining industry which will assist in the search for additional projects of interest both in Namibia and internationally.

In addition to the existing projects, the Company will review other acquisition and joint venture opportunities to secure new projects in the resources sector that meet the Company's objectives and strategies.