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June 30, 2006
Announced that the company’s 6.4% interest in PZA was disposed of in 2005 in part settlement of the loans payable.
December 31, 2004
PZA is currently in the final stage of installation of the thickening equipment to produce paste. The trial production started in September 2004 but due to unforeseen problem in the tailing dam the production was halted. It is anticipated the trial production will restart in April 2005.
April 30, 2004
Gold commissioning of the Agh Darreh plant started. PZA through Naseem has secured the purchase of a second hand gold plant and has commenced installation of the plant in Agh Darreh.