Weatherly International plc is an integrated mining company in South Africa. The principal activity of the Company is that of exploration and development of mining and mineral exploration projects. Weatherly International plc's wholly owned subsidiaries include Weatherly (SL) Limited, WM Exploration Limited and Puku Minerals Limited (Puku). Weatherly (SL) Limited is a mineral exploration company based in Zambia. During the fiscal year ended June 30, 2006 (fiscal 2006), Puku, a mineral exploration company based in Zambia, acquired three prospecting licenses on the Zambian Copper belt for a period of two years. On July 19, 2006, the Company completed the purchase of a 97% stake in Ongopolo Mining & Processing Limited (Ongopolo). Ongopolo is a copper mining and smelting company with operations in central and northern Namibia.