Participation in securing gold exploration rights and joint venture agreement with the Government of India and others with regard to the rehabilitation of historical gold mining previously undertaken by the public sector undertaking, Bharat Gold Mines Ltd ('BGML'), extraction of 30+ tonnes of gold from historical tailings deposits and working of existing gold deposits through open caste mining.

The "West Australian -Like"... Indian mineral resources at Kolar, I the State of Karnataka, have long been known, documented and admired from the outside. It was not until liberalisation of the economy in 1991, with de-nationalisation of the mineral sector and opening up of exploration and mining opportunities to direct foreign investment, along with improvements in the law relating to license holdings and tenure during the mid-90's, that India opened the way to becoming recognised as one of the world?s leading potential areas for mineral exploration and development.

The work, knowledge and direct involvement of Transworld in the initial identification and negotiation of the opportunity, together with its political and business links within India and the Indian Mining Sector now enables it through a special purpose vehicle to pursue exploration and mining rights within the highly regarded and prospective region of Karnataka ... Kolar Gold Fields.