Mindoro Resources Limited (Lion 6.7%)
Summary
| Lion shareholding: | 15.1 million shares (co-investment with Asian Lion) |
| Lion warrants: | 1.9 million warrants @ C$0.31 exp July 2015 |
| Total investment by Lion: | C$2.2 million @ 16 cents per share average investment price |
| Date of initial investment: | September 2007 |
| ASX Code: | MDO |
| TSX-V Code: | MIO |
| Area of activity: | Gold, Copper and Nickel |
| Website: | www.mindoro.com |
Company
Dual listed on ASX and TSX-V, Mindoro Resources Limited has nickel laterite and gold projects in the Philippines.
Mindoro Resources is focused on developing major nickel laterite resources in the Surigao District of northern Mindanao, including its Agata Project where recent infill drilling has provided greater certainty about the different types of ore being considered for the company’s direct shipping operation.
The company’s strategically located resources have strong competitive advantages: excellent infrastructure, close proximity to the ocean and markets, and have potential for the establishment of a world-class nickel and cobalt processing operation.