(1) Project Overview

Vatukoula Gold Mines PLC is registered in theUK. The office address is: Room 3B,38 Jermyn Road,London,England. It is is listed on the London Stock Exchange under the ticker symbol "VGM" with present equity of 345.2553 million shares. Vatukoula Gold Mines PLC (Fiji), a gold mine in production, boasts comprehensive equipment of mining, ore dressing and prospecting. It is located in the north of Viti Levu, the biggestislandofFiji. The company has mining rights of 3 mines with a mining area of 12.55 square kilometers and exploration right of 3 mines with a mining area of 197.18 square kilometers. It is a large gold mine. The present reserves of gold are about 4.2 million ounces (about 130t) and the amount of exploitable gold is 0.79 million ounces (about 24.57t). The company’s largest shareholder is Zhongrun International Mining Co., Ltd., a wholly-owned subsidiary of Zhongrun Resources Investment Corporation, which now holds 226.697 million shares, consisting 65.66% of Vatukoula Gold Mines PLC’s total equity.


Vatukoula Gold Mines’s dressing plant adopts a technological process of flotation- calcination- all slime cyanidation, having an annual rated beneficiation capacity of 650,000 tons. The company produces 39,858 ounces of gold during the financial year of 2013(September 1, 2012- August 31, 2013).



(2) Directors and Executive Management 


Yingbin Ian He
Mr Yingbin Ian He is a Canadian senior engineer with PhD degree in mineral process engineering. He is a member of Canadian Institute of Mining, Metallurgy and Petroleum with rich experience in mining industry and investment. In his early career Mr He worked as a senior engineer with Canadian Mining Institute inVancouverand worked as the director and CEO with Spur Ventures lnc. inVancouver,Canada. Mr He is currently the independent director of China Gold International Resources Inc., president and director of Canadian Tri-River Ventures Inc. and deputy chairman of Canadian Huaxing Machinery Corp.
Yang Wu
VGM executive director. Since 2011, he served as Chief Financial Officer in Zhongrun International Mining Co., Ltd., is mainly responsible for the overall management of finance and accounting. Mr. Wu Yang holds UNSW (The University of New South Wales) Bachelor of Business Information Systems and International Trade, and received a master's degree in accounting at the University of Sydney (The University of Sydney). Before Mr. Wu Yang worked in Hong Kong, where he had owned for more than six years of experience in corporate finance and accounting positions in Australia, after which he mainly involved in multinational mergers and acquisitions, assessment and due diligence work.
Wei Li
Mr Li is a senior engineer with rich experience of management. He joined China National Oil and Gas Exploration and Development Corporation in 1998 and was responsible for management and control of two projects inKazakhstan. In 2000 he joined Greater Nile Petroleum Operating Company ("GNPOC") as Deputy Manager in the Planning Department. In 2009 he was appointed President of DRK Energy Limited.
Yongan Lv
Mr Lv joined China Shandong International Economic & Technical Cooperation Corp., (CSI) in 1991. He has served in numerous positions within the Company, including: General Manager of the Nepal Office of CSI, Deputy Manager of Economic Aid & Engineering Department of CSI, General Manager of Tanzania Branch of CSI. He is currently Manager of Mineral Resources of CSI.
Li Zhenchuan  
In 1998 he joined the Shandong Gold Co. manager. By the end of 1998, he transferred to Shandong gold xinyi Jewelry Co., Ltd. as the Board of Directors Vice. In 2005, he was appointed general manager of Shandong Gold Group Mining Development Co., Ltd. in 2009 after this, he served as general manager of Shandong Gold resource development company. In 2012, he was appointed Shandong Gold Mining Resources Group  Co., Ltd. Now as Zhongrun Resources Investment Incorporated Company director and general manager.