West African Minerals’ strategic directive is to explore for and develop iron ore mineralisation in West Africa that presents significant margins, either inherently high grade or located in proximity to coastal infrastructure, that would result in dramatically reduced capital and operating costs. 

The Company is seeking to acquire interests in natural resources projects (including but not limited to all metals, minerals and hydrocarbon projects) or physical resource assets on a worldwide basis. Projects may include (without limit) exploration permits and licences, processing plants, mines or oil and gas fields, which may be achieved through acquisitions, partnerships or joint venture arrangements. Such investments may result in the Company acquiring the whole or part of a company or project, and may include the Company taking strategic equity stakes in both public and private companies.

The Company’s investments may take the form of equity, debt, convertible instruments, licence rights, options or other financial instruments as the Directors deem appropriate. Forward transactions and derivatives (including puts and call options on individual positions or physical resource assets) may be used to gain exposure to resources or the securities of companies falling within the Company’s investment policy or to seek to generate income from the Company’s position in such resources or companies, as well as for efficient portfolio management. The Company may hedge exposure to foreign currencies if considered appropriate for efficient portfolio management. The Company would not however contemplate investments or acquisitions that carry a high degree of contingent risk or liability that is capable of imposing financial obligations upon the Company that it could not reasonably expect to meet.

The Directors believe that their broad collective experience in the areas of acquisitions, accounting, corporate and financial management together with the opinion of consultant experts in the evaluation and exploitation of natural resources projects who will assist them in the identification and evaluation of suitable opportunities, will enable the Company to achieve its strategic objective.