GCM Resources plcLSE GCM Resources Stock Report

GCM Resources Plc engages in the exploration and evaluation of energy related projects. The firm is engaged in the development of the Phulbari Coal and Power Project in Bangladesh. The Phulbari Coal and Power Project is located in the Dinajpur District of Northwest Bangladesh, approximately 350 kilometers (km) from the capital, Dhaka, and 10 km from the Indian border. The region is approximately 30 meters (m) above sea level, relatively flat and comprised of an alluvial plain with slightly raised terraces formed by the drainage of the sub-Himalayan River systems (the Ganges/Padma and Jamuna rivers). The Phulbari Coal and Power Project’s mine footprint covers an area of approximately 5,193 hectares (ha). The project’s approximately 80% area is open fields under agriculture. The Company’s subsidiaries include South African Coal Limited, Asia Energy Corporation Pty Limited, Asia Energy Corporation (Bangladesh) Pty Limited and Asia Energy (Bangladesh) Pvt Ltd.