Investment Portfolio

| Regis Resources, Inc |
| Energy Coal Resources, Inc |
| Ivernia, Inc |
| Natural Soda, Inc |
| Queensland Gas Company Ltd |
| Andean Resources Limited |
| East Asia Minerals Corporation |
| Monto Minerals Limited |
| Norsemont Mining Inc |
| Marengo Mining Limited |
| Takoradi Limited |
| Xiyang Energy Co., Ltd |

Realisations

| Riversdale Mining Limited |
| Magellan |
| Bowie Resources LLC |
| Allegiance Mining NL |
| Tanami Gold NL |