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Angus Mining Inc was a capital pool by the name of Golconda Capital prior to its September 2010 qualifying transaction, a business combination with Angus Mining (Namibia) Ltd which holds a 75% option on the Ondundu gold project located in Namibia from Forsys Metals which was dropped in February 2012. In September 2011 Angus acquired 68% of a private company called Silver Reef Resources Ltd. As of mid 2014 Angus has no discernible assets and negative working capital in excess of $1.3 million. Angus is headed by CEO Fraser Buchan and Chairman Bob Buchan, with Elgin Mining as the largest single shareholder.