Celamin Holdings NL focuses on the exploration and development of mineral resource projects in North Africa initially in Tunisia and Algeria. Through Celamin Ltd (Celamin), the Company's immediate focus is the Chaketma Phosphate project held in partnership with local company Tunisian Mining Services SA (TMS). Celamin has also acquired rights to several base metal tailings Projects in Tunisia with TMS and is farming in to an Exploration Permit with base metal (Pb/Zn) targets. In April 2013, Avery International Ltd acquired 13.859% stake in the Company. In May 2013, Avery International Ltd raised its stake to 21.97% from 12.554% by acquiring a further 10% interest in Celamin Holdings NL.