Sunday, March 29, 2009

Polo Resources Limited

Industry: Mining

Main business locations: Mongolia, Australia

Registered office:
Craigmuir Chambers
Road Town, Tortola
British Virgin Islands VG 1110

Incorporation date: 23 May 2007

BVI Registration number: 1406187

Listed on: London's Alternative Market (AIM)

Ticker: POLJF

English solicitors: Charles Russell LLP

BVI law solicitors: Harney Westwood & Riegels LLP

Auditors: Chapman Davis LLP

Principal Bankers: HSBC Bank Plc HBEU

Registrar: Computershare Investor Services (Channel Islands) Limited

Financial highlights (annual report ended June 30 2008):
Total assets: $341,370,000
Total equity: $337,626,000
Cash and cash equivalents: $113,674,000
Total number of shares: 1,874,239,816

BVI subsidiaries:
Polo Australasia Limited - 100% owned holding company
Polo Bangladesh Limited - 100% owned holding company
MUC Resources Ltd. - 100% owned holding company
World Coal Works Corporations - 100% owned holding company

About the BVI company:
Polo Resources Ltd is an international coal mining and exploration group which also has uranium interests. The BVI company acquires and develops interests in international coal projects, particularly those serving Asian market.

The company holds a diversified portfolio of coal and uranium licences in Mongolia, which is highly prospective for mineral deposits. Polo has specifically targeted areas of significant known coal resources that are near the necessary infrastructure to export coal into the Chinese and Russian energy markets.

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