The Company was formed in 2005 as a private Australian company.

With its initial purpose being to acquire exploration rights to a number of quality tenements, the Company considered that the Solomon Islands, located north east of Australia, might have excellent potential since it was recognised by the South Pacific Applied Science Commission (SOPAC) as being “perhaps the most under-explored Country in the Pacific Rim of Fire.”

The Company then identified a number of highly prospective tenements in the Solomon Islands which were available at the time due to repercussions of civil unrest in 2000, and period of limited exploration in the country since the late 1980s.

During the 2005/2006 period, the Company successfully negotiated exploration licences (or prospecting licences) to four highly prospective gold and copper projects in the Western Province of the Solomon Islands.

In 2007 the Company established its parent company, XDM Resources Inc., in Canada and relocated its head office to Bay Street, Toronto.