Baobab Resources plc (Baobab) is a United Kingdom-based company. During the fiscal year ended June 30, 2010 (fiscal 2010), the principal activity of the Company was the investigation and analysis of geological opportunities in Mozambique. The Company�s projects include the Tete iron ore project, the Mundonguara copper/gold/nickel project and the Changara project. The Tete project is located immediately north of the Zambezi River and the Provincial capital of Tete. The Tete project consists of three exploration covering an area of approximately 632 square kilometers. The Changara project consists of four exploration licenses covering an area of 525 square kilometers, which is located approximately 100 kilometers southwest of the Tete. As of June 30, 2010, the Company held 100% interest in Maputo Minerals Limited, which owns 50% interest in Capitol Resources Lda. Capitol Resources Lda holds a 100% interest in 12 Mozambique prospecting licenses.