Spitfire Oil

Spitfire Oil Limited (“Spitfire” or “the Company”) is a mining and investment company, incorporated in Bermuda, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange (“AIM”).

Spitfire through its wholly owned subsidiary Spitfire Oil Pty Ltd holds a retention licence over the Salmon Gums Lignite Deposit (“the Deposit”) in Western Australia. Lignite is a low-rank form of brown coal which has properties that allow it to be converted into oil.

Spitfire is seeking to establish a mine and processing facilities at the Deposit to exploit the lignite resource by applying either its proprietary Lignite-to-Value conversion process (“L2V”) or in the event the L2V process does not prove feasible, another proven process in conjunction with other parties.