WCP is a diversified resources company actively assessing domestic and international opportunities within its core commodity sectors with a view to acquiring a significant project that will generate cash flow in the near term; and to concentrate on activities where the Company can excel and add value for Shareholders.

WCP holds 37.5 million shares of the 199.04 million shares issued or 15.90% of Panax Geothermal Limited that has acquired interests in a number of geothermal energy exploration projects, including:

• Limestone Coast geothermal project within the Otway Basin of southeastern South Australia; and
• Puga, Krishna-Godovari and Kyrgyzstan geothermal projects within India and Kyrgyzstan respectively.