Welcome to Minerva Resources plc

Minerva Resources plc ('Minerva Resources' or 'the Company') is a UK based mineral exploration and development company quoted on London’s Alternative Investment Market (AIM: MVA). The Company is intent on delivering shareholder value by increasing and developing its mineral resources in a socially and environmentally responsible manner.

The main focus is resource development in Ethiopia where the Company has first-mover advantage on prospective ground on the Arabian-Nubian shield. Key projects include the gold resources at the Tulu Kapi and Guji prospects and the Yubdo Platinum Mine, located in western Ethiopia.

Drilling programmes are underway at the Tulu Kapi and Guji gold projects in western Ethiopia. The two projects are 7km apart, allowing significant sharing of logistics and infrastructure.

Tulu Kapi was mined in the 1930s and is undergoing second phase drilling after encouraging early drill results. ACA Howe, independent consultants, state "the intersections and style of mineralisation encountered at Tulu Kapi indicate significant potential for a large gold resource". A 3,000m "Phase 2" drilling contract has been signed.

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Guji is the standout prospect among the Yubdo Exploration licence area targets, identified through soil geochemistry and trenching. The Company anticipates a drill programme at Guji to be commissioned shortly. It is a green-field discovery made by the Minerva Resources team.

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Yubdo Mining is the sole platinum producing company in Ethiopia. It is a small scale operation, that was previously operated by a local entrepreneur. Minerva Resources is investigating the viability of increased mechanisation and expansion of the current mining operations. The Directors believe that the Yubdo deposit hosts a potentially significant open-pittable platinum resource.

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The Company also has a strong presence in Central Asia, operating a Technical Services Division undertaking contract geology and contract drilling work from the Kyrgyz Republic. In Sierra Leone the Company holds gold, platinum and diamond exploration licences that will for the most part continue to be developed by existing Joint Venture partners.