| Target
Resources plc mining operations are focused
on alluvial diamond and gold mining in Sierra
Leone
Target Resources plc (“Target”)
operates through its subsidiary Milestone Trading
Ltd (“Milestone”) and its Sierra Leone
subsidiaries. Its main objective is the recovery
of alluvial diamonds and gold in the Kono district
of Sierra Leone, and their sale on world markets.
Milestone is among the first large scale mining
ventures to be established in Sierra Leone since
the end of the civil war.
Target was incorporated on 19 September 2005 in
England and Wales and acquired the entire share
capital of Milestone through a share for share
exchange. Interests in mineral licences are held
indirectly through the wholly owned English subsidiary
Milestone and its Sierra Leone subsidiaries. The
corporate structure, percentage ownership and
jurisdiction of incorporation of each entity in
the Group are set out in the linked illustration.
Target
Resources Plc Corporate structure
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