Friday, May 9, 2008

Albidon Limited

Industry: Mining

Main business locations: Africa

Registered Office:
3/F Barclays House
Wickhams Cay
Road Town, Tortola
British Virgin Islands

Incorporation date: April 11, 2000

Listed on:
Australian Stock Exchange
Ticker: ALB

Financial highlights (2007):
Revenue: US$1,326,638
Loss before income tax: US$2,205,075
Loss per share (basic or diluted): US$1.44
Total assets: US$128,107,168
Net assets: US$60,000,948
Share capital: US$73,736,062

Auditors: Ernst & Young

Solicitors: Blakiston & Crabb

BVI Subsidiaries:
Albidon Africa Limited (BVI) 100%

About the BVI Company:

Albidon Limited is nickel exploration and development company listed on both AIM and ASX stock exchanges in March 2004. During the last years, the company has spent a large portfolio of nickel sulphide projects ranging from development stage to grass roots exploration, focusing on exploration in Africa.

The Board and management of the company have a diversity of skills in exploration, mining, metallurgy, concentrate marketing, logistics and project finance in Africa and in the other regions.

Currently, the company positions itself to make the transition from exploration to mining. Its main purposes are to develop the Munali Nickel Deposit in Zambia, to develop its exploration programs on its large portfolio of nickel, uranium and zinc projects in other areas of Africa, and to evaluate new business development opportunities. BVI company's other projects include mineralized drill intersections, such as the recent high grade platinum discovery in Tanzania, and large licence holdings covering prospective ground with targets that have been identified but have not yet been drilled, such as the Songea nickel project in Tanzania.

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