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Progress on Annamite’s New Exploration Ventures in Laos

This year we raised about $955,000 with existing and new investors, paid all the arrears owed by Lao Hyundae Black Stone (LHBS) to the government of Laos and maintained both Annamite’s cash position and it’s ability to find quality exploration projects. Laos. This year we raised about $955,000 with existing and new investors, paid all the arrears owed by Lao Hyundae Black Stone (LHBS) to the government of Laos and maintained both Annamite’s cash position and it’s ability to find quality exploration projects. We have formal approval to reinstate the Sokdee Exploration License owned by LHBS. Initially established by Hyundae Black Stone (HBS, Korea). Annamite now owns 70% of LHBS. All work related to the transfer of shares to Annamite and its Partners, and getting the formal licensing documents has been completed. We are just awaiting final approval to start field work. Positive results from the star Porphyry initial drill porgram will lead to fund raising of a few million dollars in 2022 in order to establish the outlines and tenor of the deposit. Within the constraints of the COVID Pandemic, we have been able to progress on most of our objectives for 2021, and Annamite is looking forward in early 2022 to finally test the star Porphyry with scout drilling program and starting geochemistry programmes on new areas which will be secured.

Laos Exceptional Context

As one of Southeast Asia’s best kept secrets, Laos is a destination that deserves to be top of an Asia bound traveler’s must visit list, whether as part of a wider trip to Southeast Asia or taking the time to discover its fascinating history and culture as a journey in its own right. Laos Exceptional Context, Including on Prospectivity As one of Southeast Asia’s best kept secrets, Laos is a destination that deserves to be top of an Asia bound traveller’s must visit list, whether as part of a wider trip to Southeast Asia or taking the time to discover its fascinating history and culture as a journey in its own right. In the past two decades, three world class mineral deposits have been developed in Laos (Sepon copper-gold, Phu Kham copper-gold and Ban Houayxai gold). Laos is underlain by the Loei Petchabun and Truong Son fold belts that together contain the above deposits as well as the 5Moz Chatree gold deposit in Thailand. Despite this demonstrated mineral endowment, Laos remains one of the least explored countries in Southeast Asia. Recent enactment of a new mining law in 2018 has clarified uncertainty in the regulatory regime, with implementing regulations still under development. Annamite’s focus is on existing tenements, with two projects already secured. Our in-depth experience in Laos allows us to identify exploration opportunities in Laos and interact effectively with shareholders, local joint venture partners and government. Laos has improved its risk profile by 20% over the last four years according to the Mining Journal 2020 annual world risk assessment report, by far the largest increase globally in that period. From a mining risk perspective Laos now falls right in the middle of world mining jurisdictions and is the least risky country in SE Asia. Additionally, Laos ranks well globally on the 2021 Global Peace Index per the map. #miningindustry #mininglaos #investments #minerals #laos

Annamite Resources, LHBS Secured Prospective Sokdee 250 km2 Tenement from Laos Government

During August 2021, Annamite Resources and its partner LHBS reached an important milestone in securing from Government the prospective Sokdee 250 km2 tenement, which contains the Star gold and copper porphyry. During August 2021, Annamite Resources and its partner LHBS reached an important milestone in securing from Government the prospective Sokdee 250 km2 tenement, which contains the Star gold and copper porphyry. An amount of $563K was paid to the Government of Laos to cover outstanding arrears for the period 2013-2019 for concession fees and statutory funds. During September we expect to receive formal confirmation of the reinstatement of the exploration license for a period of three years. This will allow the local Annamite team to start exploration activities in October 2021. In parallel Annamite is pursuing raising additional funding in the Middle East and Asia for its workplan. The Annamite Board of Directors is proud to provide funds to the Treasury of the country, as well as to the Ministry of Energy and Mines and local administrations around the Project site at a time when the macro economic situation of Laos needs support due to the effects of the COVID pandemic. We are committed to engaging fully with Government departments to make the Sokdee Project a successful exploration play, leading to a potential greenfield development.