Leed Resources plc
Leed Resources is an investing company quoted on AIM, focused on opportunities in the natural resources sector, including mining, oil and gas and building materials.
It currently has two investments:
Battalion International Limited
Battalion International Limited ("Battalion"). Battalion is a BVI company which is the controlling shareholder of High Mannor Pty. Limited ("HM") which trades under the brand name of "Cultural Limestone". HM is an integrated limestone quarrying business which extracts limestone from a quarry just north of Perth in Western Australia. The limestone is then crushed and processed into reconstituted limestone blocks which are used in the construction industry. Leed holds a secured convertible Loan Note in Battalion. The note is convertible into equity which if converted would result in Leed holding up to 15% of Battalion, equating to an equity interest of 11% of HM.
Manas Coal LLC
Manas Coal LLC (“Manas”) is a Kyrgyzstan coking coal project in which Leed holds a 17% stake. The stake was purchased for just under £1m but it’s value has since been impaired as the licence has been the subject of a dispute for a considerable time and the Board considers it prudent to carry its value at zero until such time as a breakthrough can be made to resolve the dispute. There are signs that a resolution may be attempted which would be a step forward in the process. The value of Manas lies in its estimated 120m tons of coking coal with a railhead nearby which could serve the Chinese market.
Leed has appointed PG Mining Management as its consultants to source and effect due diligence on potential investments. Based in Singapore, it has representative offices in Philippines and USA. And it is highly experienced in the advancement and management of natural resource projects. They are heavily involved in the High Mannor business on our behalf.
Leed Resources plc is a public limited company incorporated and registered in England and Wales under company number 06034226 and its main country of operation is the United Kingdom.