Investments
Martina Minerals
Martina Minerals Plc. is developing two exploration concessions in Mindanao, Philippines, and has found evidence of a large copper/porphyry gold deposit. Only 50km south, and with similiar geology to, Medusa Mining’s operations, Martina Mining is an exciting early stage prospect.
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Phoenix Lumber
Phoenix Lumber is based in Nicaragua and has obtained government approval to process and export rare hardwood that was felled during Hurricane Felix. The scarcity of supply of this timber should allow Phoenix to maintain a large profit margin on their exports.
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Siberian Goldfields
Formally known as ‘Satara Ventures’, Siberian Goldfields is engaged in gold exploration in south-eastern Russia. They have a JORC reosurce of 427,500 oz @ 2.89g/t, with potential for an extra 0.5Moz. A preliminary estimate of costs has yielded a figure of $338 per ounce.
South American Ferro Metals
South American Ferro Metals is producing and selling iron ore (itabirite) from their Brazilian mine. They are currently producing 125,000 ROM tonnes per month and have an estimated resource of 150Mt. They are quoted on the Australian Securities Exchange under the symbol SFZ.
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Hydostroi Bourgas
Hydrostroi Bourgas own a semi-completed water dam in Bulgaria, and aims to provide water to the population of Burgas and surrounding areas along the black sea. With water shortages common in this area, Hydrostroi has greaty potential to become a highely cashflow generative utility company.
Kolar Gold
Kolar Gold is an exploration company focussing on India. They currently have an interest in several tenements around the Kolar Goldfields in southern India. They have a total of 1.47Moz of JORC gold within their tenements, and a potential of up to 20Moz in the ground. Kolar are listed on AAIm under the symbol KGLD.
Portfolio Statistics
As well as its major investments (listed above), Grafton is a shareholder in a further 16 companies.