Executive Summary
West African Minerals Corporation (formerly Emerging Metals Limited) is focused on investing in natural resources companies and/or physical resource assets. The Company currently holds a 37.23% interest in Ferrum Resources Limited, a private company which has built a portfolio of iron ore assets in Africa. Ferrum aims to become a major international iron ore mining and exploration group. Ferrum holds an interest in six iron ore exploration licences that cover an extensive lease area of approximately 6,000 square kilometres in an emerging iron ore province in Cameroon, West Africa. In Sierra Leone, Ferrum has an interest in five iron ore exploration licences. Ferrum has also applied for two iron ore exploration permits for the Topa Iron Ore Project in the Central African Republic. West African Minerals plans to continue to identify and evaluate other possible opportunities for the acquisition of interests in natural resources projects or physical resource assets on a worldwide basis. The Directors will seek opportunities for investment in projects and companies which are, in their opinion, undervalued and may benefit from the experience and knowledge of the West African Minerals
