We’re also excited to announce that we now have formal approval to reinstate the Sokdee Exploration License, which is owned by LHBS and initially established by Hyundae Black Stone (HBS) from Korea. With Annamite now holding a 70% ownership stake in LHBS, we have finalized all aspects of the share transfer to Annamite and its partners, as well as completed the formal licensing documentation. With final government approval pending, we are preparing to initiate fieldwork at Sokdee.

Our exploration plans are driven by the promising Porphyry initial drill program, which, pending positive results, will pave the way for additional fundraising efforts in 2022. This round of funding is expected to yield several million dollars to support a comprehensive exploration phase aimed at establishing the deposit’s boundaries and grade potential.

Despite the challenges posed by the COVID-19 pandemic, Annamite Resources has stayed on track, achieving most of its 2021 goals. We are optimistic about early 2022, as we prepare to conduct scout drilling on the star Porphyry target and initiate geochemistry programs in newly secured areas. This progress reinforces our commitment to discovering and developing valuable resource assets in Laos, as we build a robust foundation for long-term success in mineral exploration.