Discovery Resources Limited (DIS) was incorporated on 13 December 2010 for the primary purpose of identifying exploration projects in Africa and elsewhere with the aim of discovering commercially significant mineral deposits.
While the Company's initial exploration focus will be on rare earth element mineralisation (REE), the Company will also review the potential for various other commodities.
On 8 April 2011, the Company acquired 100% of the share capital of Solarwind Investments (Pty) Limited, a company registered in Namibia. Solarwind currently has a 100% interest in a number of granted tenements (consisting of exclusive prospecting licences (EPLs) EPL 14/2/1/4/2/3824, 14/2/1/4/2/3825, 14/2/1/4/2/3764, 14/2/1/4/2/4135 and 14/2/1/4/2/4136) (Licences) which comprise the Projects. These are located in the Karas/Karasburg, Kunene/Opuwo and Erongo/Omaruru regions and districts in Namibia.