The listing of Dragon Energy Limited (ASX: DLE) on the Australian Securities Exchange (ASX) in February 2009 was facilitated by a cornerstone investor, the China-based Shandong Taishan Sunlight Group Company Limited (“Shandong Group”).

Vision

Dragon Energy’s vision is twofold:

• To participate in exploration projects with a view to advancing the status of the projects through to development or alternatively to introduce appropriate and suitable overseas partners, particularly from China, who may take long term positions in those project development opportunities,
  
  and
• To secure a leading position in advanced minerals projects and to bring development to fruition at the earliest opportunity.

Strategy

Shandong Group 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. Shandong Group, essentially a private enterprise, will avail direct and indirect financial capacity and funding capability, wide industry connections, and mining know how, to underpin plans for Dragon Energy’s growth and pursuit of suitable mine projects world-wide.

Since listing in February 2009, Dragon Energy has already evaluated a number of bulk commodity projects in Australia and USA and some metalliferous projects in Australia with a view to participating or securing development opportunities. Commensurate with Dragon Energy’s dual visions, any size project may be considered for review. Although preferred targets are in iron ore and coal, other commodities and minerals will be considered for review.

Dragon Energy’s project evaluation efforts are facilitated by a small, but highly experienced, team of professionals with, collectively, vast experience in mineral exploration, development, financing and operations in Australia and overseas, in particular in start up projects.