Over recent years MPJ (formerly Yamarna Goldfields Limited) has pursued a consistent strategy of committing exploration funds to finance and develop prospective resource projects. The fundamental strategy is to take these projects to a stage where they are considered to be stand alone projects or alternatively are subsequently sold, joint ventured or exchanged for shares in new ASX listings or existing listed companies.
During the course of the last five years projects initiated by MPJ have been resourced and developed and have formed the basis of ASX or international listings or exchanged for shares in companies such as:
The company has also actively supported new listings with the provision of expertise and seed capital which has resulted in MPJ becoming a significant investor in companies such as Atlas Iron Limited (formerly Atlas Gold Limited) and a number of other mining related entities.
The company intends to continue with its goal of identifying prospective opportunities in the sector, providing short term and seed equity funding to new projects and participating in new ASX listings.