Ticker: PFP Exchange: L

Pathfinder Minerals is an AIM listed natural resources company with a heavy mineral sands concession on the Indian Ocean coast of Mozambique, encompassing the valuable minerals ilmenite, rutile and zircon, used in a wide variety of industrial applications. Pathfinder, a former cash shell, acquired IM Minerals Limited in December 2010. IM Minerals was a company whose subsidiaries hold licences to mine heavy minerals sands in Mozambique. As a result Pathfinder now holds Mining Concession licences covering a total of over 32,000 hectares and encompassing the Moebase and Naburi mineral sands deposits on the northern coast of Mozambique, approximately 1,100km north east of the capital, Maputo. Pathfinder's development plan for the mine involves investment in two wet concentrator plants, followed by a mineral separations plant, and the construction of an 800 m jetty.

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