Rey completed its initial public offering raising approximately $ 3.3 million to list on the ASX on 5 June 2006. Gujarat NRE Coke Limited is a substantial shareholder.

Rey is a mineral exploration company holding coal, oil and gas tenement covering large areas in Western Australia and prospective copper and gold tenements in Chile and Peru.

All of Rey's properties are 100% owned, and in the opinion of Directors offer good potential for medium to large scale economic deposits.

The Company's immediate priorities are to obtain preliminary resource estimates for its Fenix Copper Project in Chile and its Liveringa Coal Project in Western Australia through drilling programmes in 2007.

Good farm-out opportunities exist for the potentially large porphyry copper-gold projects in Chile: Humitos and El Timon. Rey is currently carrying out further work to enhance value prior to drilling.