History

Professor Conroy and his colleagues have an outstanding record of success in the natural resources industry. Their discovery and development of the Galmoy zinc ore bodies led to the revival of the Irish base metal industry and to Ireland becoming an international zinc province.

Their Company was also a founder member of the Stoneboy consortium, an exploration group which discovered the Pogo gold deposit in Alaska, now in production by Sumitomo as a world class gold mine.

Professor Conroy has long held the view that significant potential for gold existed in Ireland and that in Finland, which on joining the EU opened it borders to international exploration companies, there were major opportunities in gold, diamonds and other minerals.

Professor Conroy and his colleagues established Conroy Diamonds and Gold plc to explore these opportunities. The Company’s strategy has been to achieve its objectives by means of an exploration approach based on a highly focused and cost effective methodology.

This strategy has resulted in the discovery in the Longford - Down Massif in Ireland of a 65km (40 mile) gold trend on which it is targeting a multi-million ounce gold resource within the Clay Lake - Clontibret district. In Finland the Company delineated the largest diamond pipe so far found in Finland.

The Company’s diamond interests in Finland were transferred to Karelian Diamond Resources plc in a share exchange at a ratio of 1 Karelian share for every 6 Conroy Diamonds and Gold plc shares held. Both companies were listed on the AIM market of the London Stock Exchange and the ESM of the Irish Stock Exchange.

The Company’s name was subsequently changed to Conroy Gold and Natural Resources plc (“Conroy Gold”).