Overview of the UK and Irish Projects

The Group's mineral exploration portfolio consists primarily of gold and nickel exploration projects ranging from conceptual or regional exploration targets through to more advanced, drill ready projects some of which have been evaluated by preliminary-phase drilling by previous operators. The projects in which your company currently has an interest, or is in the process of acquiring an interest, are summarised below.

The Group currently has a number of projects at various stages of development. The most advanced of these projects are the Arthrath Nickel Copper PGE and the Aberfeldy mesothermal lode-gold projects, both located in Scotland, which currently represent a major part our potential. Both projects have been drill-tested in a preliminary fashion by previous explorers and are considered to have significant potential. Other exploration targets are the Borland Glen epithermal and the Knapdale mesothermal lode-gold projects in Scotland; and the Bohaun epithermal, North Limerick carbonate-hosted and Lough Gowna palaeoplacer gold projects in Ireland. These additional projects offer further scope for enhancing the Group's exploration portfolio.