2007

• Key management personnel appointed
• Strategic review and work programme drafted

2008

• Licence transfers completed by DGS
• Extensive drilling programme commenced
• Aeromag studies completed by Xcalibur

2009

• CFO appointed
• Marketing study completed by Wood Mackenzie
• ERM completed High level Environmental and Social Scan for Dukwe and Mmamabula
• SRK completed 1st CPR on all tenements

2010

• Itasca Gas analysis Report for Mmamabula and Dukwe completed Geotechnical report for Dukwe completed
• Received Acid Leaching Report from ERM for Dukwe tenement
• Detailed Pre-feasibility study for Dukwe completed by Marston & Marston
• SRK completed 2nd CPR on all tenements
• PL222/2007 found to be unprospective and hence relinquished
• 2 Power generation proposals (200-600 MW and 20-50 MW) submitted to the MCU