Wits Basin Precious Minerals Inc., together with its subsidiaries, engages in the exploration and development of mineral properties in South Africa, Mexico, and Colorado. It primarily holds interests in the Bates-Hunter mine, a past producing gold mine located in Central City, Colorado; an iron ore mine and processing plant in the People s Republic of China; and the FSC project, a gold exploration project located adjacent to the Witwatersrand basin in South Africa. The company was formerly known as Active IQ Technologies, Inc. and changed its name to Wits Basin Precious Minerals Inc. in June 2003. Wits Basin Precious Minerals Inc. was founded in 1992 and is based in Minneapolis, Minnesota.

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