Strategic Natural Resources

[SNRP] This has been a long time favourite and Coal of Africa [CZA] has continued to build on its stake building, now 14% plus, as reported on the general chat thread, since August. Either an outright bid or a joint collaberations looks to be gathering momentum. Both of these companies could show considerable shareholder value upside. Both the Eletheni and Vele projects would compliment each other nicely. Continued buying should be mirrored.

Hi GedW, I hope you had an enjoyable time over Christmas. I have just started having a look at this one. Still researching at the moment but S.A. makes me feel uncertain due to it's corruption and political unrest. The one thing I want to look at, has anything came up on when they are likely to do more work on establishing resources? It is one thing to estimate but jorc compliancy is required. Also I see that at the moment they are looking to mine/export 0.5million tonne to an increase of 2.5million in 3 years. If they do infact have resources anywhere near the quantities that they suggest will they be able to bring to market? I don't know if you still have an interest here but if so then thoughts are always welcome.

SNRP Hi boredmum. Yes and you also. A happy hogmanay to you. This is the current info available. More updates will be firmed up through during 2011. 74 per cent owner of coal exploration and production assets located near Indwe in the Eastern Cape province of South Africa. Highlights: · Competent Persons Report from Golder Associates confirmed an increase in Elitheni's resources from 97.2 million tonnes to 150.3 million tonnes. The area drilled to date represents less than 3 per cent of the total area available for drilling · CPR highlighted 31.4 million tonnes of coal that washes to economic yields and is capable of servicing a variety of markets · Washability and market applications studies confirmed that SNR coal can be used for different applications in South Africa and abroad. Locally it can be used for power generation whilst examples of uses internationally include the domestic heating market in Turkey and power generation in India · SNR received a logistics study on the transportation of coal which included an assessment of road, rail and port infrastructure confirming the feasibility of exporting coal from Elitheni's mines in the Eastern Cape · SNR restructured and consolidated the Black Economic Empowerment (BEE) shareholding by introducing new partner Rapitrade Ltd, which will make available extra funds for the Bankable Feasibility Study, further exploration and for the development of technology in the boiler market · Edward Cox appointed as Finance Director and Company Secretary. Richard Latham, Chairman, said, "The Company has made significant progress in the last six months towards becoming a producing and exporting coal company. SNR has received positive assessments from all parties who have undertaken studies and we expect to publish a Bankable Feasibility Study in the near future."

[SNRP] Announces this session that it has entered into an agreement with Trasteel International ("Trasteel") to form a joint venture marketing company which will focus on selling coal to the higher value anthracite market, from the Company's Elitheni mine in the Eastern Cape of South Africa. EliTra will be owned 50:50 by Elitheni Coal (Pty) Ltd (SNR's 74% owned subsidiary) and Trasteel. The Company is pleased to announce that EliTra has pre sold its first cargo of anthracite coal to a major Brazilian importer and this cargo is scheduled to be delivered in December 2012. The board of SNR anticipate further pre sale deals in the medium term, with the focus on Brazil and India The anthracite tonnes to be sold by EliTra will form part of the 2 million tonnes of coal under the current Trasteel/SNR offtake agreement. This arrangement will mean that SNR can achieve a higher price for its coal than it would have selling only a thermal coal under the current Trasteel/SNR agreement. Due to this new opportunity in the anthracite coal market, SNR and Trasteel have agreed to reschedule the coal shipments under the current off take agreement between SNR and Trasteel to later in 2012.

[SNRP] The board of SNR, the AIM quoted natural resources developer operating in South Africa, which owns 74% of Elitheni Coal (Pty) Limited ("Elitheni"), notes the recent rise in the Company's share price. As previously announced, the SNR board has been seeking a strategic investor in order to raise the funds required to recapitalise the Company. The Directors confirm that the Company is currently in advanced discussions with one such potential investor and will provide a further update as and when appropriate. There can be no guarantee that these discussions will result in a successful investment in the Company.