Toledo was incorporated in England (Registration No: 5055833) in February 2004 and listed on London’s AIM market in April 2004. The Company interests are held in the Philippines.

Toledo is headquartered in London, with a second office in Manila where the General Manager of the Philippines is based and from where the projects on the island of Palawan are run.

Key Highlights 2009

• Ore production of 563,280 wet metric tonnes for the financial year
• Record monthly ore production of 127,849 wet metric tonnes (August 2008)
• Shipments of 418,350 wet metric tonnes
• Suspension of mining operations in October 2008 in response to the global financial crisis
• Ipilan JORC resource of 30 million tonnes grading 1.36% nickel
• Positive concept study for heap leaching at Berong prepared by European Nickel
• Memorandum of Understanding with Jiangxi Rare Earth and Rare Metals Tungsten Group for possible leach process plants at Ipilan and Berong
• Berong sales revenue, US$14.65 million (2008: US$23.35 million)
• Consolidated Profit before Tax £1,919,887 (2008: £1,206,702)
• Earnings per Share including associates 5.55p (2008: 3.43p)
• Placement of 12 million shares at a price of 28 pence to raise £3,248,222 net of expenses
• Additional supportive corporate investors enter the share register

London Listing Statistics

• Listed on AIM on 08 April 2004 
• Ticker: TMC 
• Total shares in issue 41,538,333
• Year 2008 High/Low  248.3/9.0p

The company has 41,538,333 ordinary shares on issue. No shares are held in treasury. There is no restriction on the transfers of these shares. Substantial shareholders are: Daintree Resources (24.01%) and European Nickel PLC  (13.70%).  The percentage of shares not in public hands is 20.8%. The company is not admitted to trading on any other exchanges or trading platforms.