Ephraim Resources Ltd, formerly WAG Limited, is an Australian- based company. The principal activities of the Company consisted of: review and analysis of new opportunities in the renewable energy sector; unsuccessful acquisition of Pacific Pyrolysis Pty Ltd (PacPyro); and investigating the acquisition of, or investment in, new projects / businesses in other business segments. The Company is investigating opportunities for investment in the mining and exploration business sector and the energy generation and energy technology sectors particularly in the area of renewable energy. The Company operates in one geographic sector that being Australia. As of June 30, 2012, the Company retained its 25% investment in Pleiades Resources Pty Ltd.