Dragon Energy Limited (“Dragon”) was incorporated in June 2006 and in February 2009 was admitted to the Official List of ASX. The Company’s listing on the ASX was facilitated by cornerstone investor the China-based Shandong Taishan Sunlight Group Company Limited (“Shandong Group”), which controls 1.5 billion tonnes of coal and 100 million tonnes of iron ore resources in China as well as engaging (in a lesser capacity) in steel making and power generation. It has also facilitated many large commercial mining transactions in the Chinese resources sector.
Shandong Group is a private enterprise and provides Dragon with direct and indirect financial capacity, wide industry connections, and mining know how, to underpin Dragon’s growth and pursuit of mineral projects.
Dragon's flagship projects are the Rocklea and Nameless Iron projects (together the "Pilbara Iron Project") in the Pilbara region with a sizeable JORC resource defined at Rocklea and significant exploration targets at both Rocklea and Nameless. Dragon is considering development options for Rocklea and Nameless.
Dragon Energy also has a portfolio of exploration tenements with numerous multi-commodity targets, including iron, manganese, gold, base metals and uranium in Western Australia. Dragon’s short to medium term focus is to aggressively explore these tenements to ascertain prospectivity .
Dragon has the advantages of ready funding capacity and a preparedness to pursuit projects with a long term outlook. Dragon will continue to review new opportunities consistent with its objectives in exploration and development.