Indago Resources Limited (“Indago”) is an Australian-registered company listed on the Australian Securities Exchange (“ASX”).

Strategic Objectives

Indago’s board intends to implement a new business plan for the Company as an ASX listed alternative investment company with a view to recreating and growing Shareholder wealth. The investment mandate is intended to be broad and the new Board intends to have a wide discretion to determine what, how and when to invest (subject to the criteria outlined below).

The Board plans to focus its investments in the resources sector and may purchase an asset or company outright or acquire an interest in an asset or a company (including joint venture interests in resource projects) with a trading and/or development view. Indago sees a real opportunity in creating a company that has the monetary backing and the skills to move quickly to assist in or purchase whole or parts of projects or invest in companies where there is a value gap.

It is not proposed that Indago will become an “investment entity” for the purposes of the Listing Rules. While Indago may make some passive investments, it also intends, where appropriate, to seek some management control or board positions in relation to the companies in which it invests.

Until such time as the new Board makes a decision on additional appropriate investments, it is likely that Indago’s funds will continue to remain invested in cash (or cash equivalents) and securities.

The new Board’s proposed strategy will provide Indago Shareholders with exposure to investments with the objective of delivering regular income and capital growth. Indago will have a mandate to be an active investor in assets with the flexibility to allocate capital to the most attractive asset class in a given economic cycle and permitted investments will include:

Indago will focus on Return on Equity (ROE) with potential revenues from interest, dividends, fees and profit from realisation on asset sales.